NFT Glossary - Stay In The Know

Updated: Jul 27, 2022

This guide will provide you with everything you NEED to know relating to NFT Slang, abbreviations, misspellings and twitter terminology. Knowing, understanding and using these terms within the NFT space, will help you feel part of the community.

A B C D E F G H I J K L M N O P Q R S T U V X Y Z

NFT Term	Description	NFT Use Case
Activity	Term used to refer to the buying/selling activity of an NFT project	Why is the activity so low on this NFT project?
Airdrop	Term used to refer to those NFT projects which send an NFT to holders of certain NFTs. This is a large perk of holding an NFT for the long term	Yo this project just airdropped me an NFT, just because I held this NFT!
Alpha	Term used when people affiliated with an NFT project, provide some positive information on an upcoming move in relation to a project – Often the Alpha is shared amongst active community members only	Who is this NFT community are ready for some Alpha on the future roadmap?
Announcements	Term used within the discord community, which is a reliable place to learn of important info in relation to a specific NFT project	Check the announcement channel, for the latest development for this NFT project
Ape	Term used when someone enters into a project for the first time	I have just Aped into this NFT project
Attribute	Term used to refer to the different characteristics, which make up an NFT	What is the favourite attribute of your NFT?

NFT Term	Description	NFT Use case
Bearish	Term used when someone does not back an NFT project or NFTs in general	The NFT market is approached a bear market
Bullish	Term used when someone fully backs an NFT project	I am so bullish on this NFT project

NFT Term	Description	NFT Use Case
Cold Wallet/ Hardware wallet	Term used to refer to a crypto wallet which is a physical device, which keeps your crypto and NFT assets completely offline – many look like USB drives. Cold Wallets are the most secure way to hold NFT assets	You should make sure you store your NFTs in your hardware wallet to be safe and secure

NFT Term	Description	NFT Use Case
DAO	“Decentralised Autonomous Organisation” – Term used to refer to an NFT community which requires stakeholders to vote to implement changes; a DAO is backed by some monetary value, either in the form of NFTs or Crypto	This project has a DAO, where all holders can vote on the future direction of the project
De-Fi	“Decentralised Finance” – Term used to refer to financial technology which does not rely on an intermediary such as a bank or government to run. You hold assets in a secure digital wallet, instead of keeping it in a bank	I love De-FI... helps us get away from being controlled by big corporate entities
Degen	Short for degenerate. Used in a positive way to demonstrate you have a keen interest in NFTs	I am such a spend 2 hours on discord a day
Delist	Term used by the NFT community, to encourage solidarity in delisting any active NFT sale listings	You better delist your NFT, before you regret selling too early
Diamond Hands	Term used to refer to those people who are holding for the long term, even through periods of uncertainty in an NFT project	I love the Diamond Hand community in this NFT project
Doxed	Term short for documented, used in the NFT world when a person reveals their true real-life identity – NFT projects which have Doxed founders are sought after, as it hold accountability	This project has a fully Doxed team behind them

NFT Term	Description	Use Case
ETH	“Ethereum”	I just purchased some Eth bro

NFT Term	Description	Use Case
Fam	Term used to refer to an NFT community	What is going on fam?
Flippers	Term used to refer to those people who buy and sell an NFT for “quick” profit, rather than holding for the long-term	Let the Flippers do their thing and sell early, they will regret in the long-term
Floor/Floor price	Term used to refer to the entry price point of buying into an NFT project	What is the floor price of Bored Ape Yacht Club?
FOMO	“Fear Of Missing Out” – Term used within community when a project gains a lot of sales transaction, but someone did not buy in before the hype took over	I have major FOMO of missing out on this project mint
Fren	“Friend” – purposely spelling friend wrong, often used in a sarcastic yet endearing manor in NFT project chat rooms	How are you doing Fren?
FUD	“Fear Uncertainty Doubt” – Term used when someone in the NFT community speaks badly about the future prospects of an NFT project	I don’t appreciate all of this FUD in relation to this NFT project

NFT Term	Description	NFT Use Case
GAS	Term used to refer to the transaction cost of buying an NFT on the Ethereum network	Why is GAS so high right now?!
GAS wars	Term used to refer to a spike in the transaction cost of buying an NFT on the Ethereum network – gas wars often occur during a hype project initial minting	There is going to be major GAS wars when this project releases
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