WAGMI Its absolutely tough to thoroughly comprehend two NFT enthusiasts having a decent conversation if you’re not into NFTs. Like every other sector or part of blockchain, slang plays an extremely substantial role.
Here are some common slangs/terminologies revolving around NFTs.
Degen : Degenerate. People who do not research and take high risks by buying into an NFT because of hypes, or someone that is influencial is talking about it.
Alpha : Information that the rest of the market has not found about it yet.
Delist : Terminate the listing of an NFT for sale from the secondary marketplace.
DYOR: Do your own research.
AMA : Ask me anything.
Dev : Developers. People behind a project.
Flip : Buying NFTs at low prices and sell them quickly for profit.
Ape in : Panic into buying an NFT.
Diamond hands : People who holds their NFTs for a long time.
Floor price (FP) : The lowest price which you can buy an NFT.
Blue chip : A project that has proven to worth a fortune in value.
Dox: People who publicly reveal their identity.
Floor sweeping : The action of buying a large quantity of the cheapest NFTs listed to raises the floor price.
FOMO : Fear of missing out. People who rush into buying a NFT because of the buzz around it.
P2E: Play to Earn. Mostly associated with crypto Game project.
FUD : Fear. Uncertainty and doubt.
Mint : The act of buying an entirely new NFT directly from the creator.
Paper hands : People who panic sell.
Gas fee : The fee needed to make a transaction on a blockchain.
OG: People who support a project since the
beginning. Early birds.
HODL: Hold on for dear life. hold an NFT for lengthy period of duration.
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