Terms and Terminology

Knowing what people are talking about is easier when you learn the language!

NFT’s created by artists that are unique and not generative. Ex: Beeple, XCOPY
Art Blocks. An innovative platform focused on “genuinely programmable on demand generative content that is stored immutably on the Ethereum Blockchain”. Each piece is created by an algorithm which randomly generates a piece.
NFTs, tokens or cryptocurrencies that are sent directly to a wallet address without cost to the holder. This is used as a way to reward and provide value to early adopters and holders.
The “best” advice in the space. Usually when someone has a project that they think will do well.
Ask me Anything. Could be a Twitter space/Discord chat but anyway for the creators of a project sit down with collectors to answer their questions.
Investing a lot of funds in something without doing some due diligence. Usually more funds than usual. The Bored Ape Yacht Club was created to represent a club of people who got rich for “aping in” (Rolling Stone. https://www.rollingstone.com/culture/culture-news/bayc-bored-ape-yacht-club-nft-interview-1250461/)
All Time High
Used to reference either the amount of money or tokens held by a particular person.
Bored Ape Yacht Club
(market) - is when a market experiences prolonged price declines. It typically describes a condition in which securities prices fall 20% or more from recent highs amid widespread pessimism and negative investor sentiment
Cryptocurrency trading exchange/platform
Decentralized digital currency without a central bank or administration. The currency can be sent from user to user on the bitcoin network without the need for intermediaries
a system in which a record of transactions made in bitcoin or another cryptocurrency are maintained across several computers that are linked in a peer-to-peer network
(market) - is loosely defined as a persistently sloping upward line. During a bull market, market confidence is high and investors are eager to buy stocks with the hopes that their stocks will grow in value
Taking a NFT or token and sending it to a wallet address that is unobtainable which effectively destroys the token and removes it off of the blockchain. This transaction is irreversible. This is a way to reduce supply of something.
Operates on a blockchain, acts as money, can be mined. Crypto coins are essentially digital versions of money whereas tokens can stand for assets or deeds
An American company that operates a cryptocurrency exchange platform. Used to buy and sell cryptocurrency
a physical device that keeps your cryptocurrency completely offline, also known as a hardware wallet
A group of NFTs all by the same Artist or group. Usually with the same theme. Found on marketplaces like Opensea and Foundation.
Having to deal with the reality that you missed out on the project that is doing well.
a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority
A 24x24, 8 bit style avatar created in 2017 by Larva Labs. There are 10,000 avatars all unique and are seen as the first profile picture NFT
A Stablecoin Crypto currency that uses automated systems of smart contracts to keep its value as close as possible to $1.
A collective group of people who come together for a task that is owned and managed with no central authority. Holders own tokens which give them control and voting rights on the decision making. For example, Constitution DAO was a group of people who got funds together to attempt to purchase a copy of the United States Constitution. https://www.constitutiondao.com/
Are digital applications that run on a blockchain network of computers instead of relying on a single computer. Because dApps are decentralized, they are free from the control and interference of a single authority
Decentralized finance is a blockchain-based form of finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer traditional financial instruments, and instead utilizes smart contracts on blockchains, the most common being Ethereum.
Short for degenerate. Slang for someone who gambles their crypto looking for unrealistic gains.
A NFT that is based off of an original project. This was first popular with CryptoPunks. It is also a way for Artists to collaborate with those who own the IP of the NFT.
A crypto term for someone who tends to hold the cryptocurrency or token long term. They aren’t bothered by price drops or the volatility of the market. The term has been used with its counterpart Paper Hands.
A digital messaging platform that is used by collectors and creators to communicate and share information about NFTs and projects.
To provide private or identifying information regarding someone on the internet. This can be used as a good thing, like a project creator identifying themselves to provide security to the holders. But it could also be used maliciously to identify someone without their permission.
When a NFT project launches
“Do Your Own Research”
- Ethereum Name Service. a protocol for human-readable crypto addresses and decentralized domain names.
Standard for a fungible token like cryptocurrency
Standard for a non fungible token (NFT) first proposed by Larva Labs
An upgrade to Ethereum that aims to improve the networks scailability and security
Is a decentralized, open source blockchain with smart contract funstionality
“First Come First Serve”
is a type of money that is not backed by any commodity such as gold or silver, and typically declared by a decree from the government to be legal tender. Throughout history, fiat money was sometimes issued by local banks and other institutions.
When one thing will take over another in price. For example Apes flipping punks means Bored Ape Yacht Club will become more valuable than CryptoPunks
Refers to the possibility of the market capitalization of Ethereum overtaking the market capitalization of Bitcoin. Used in terms to talk about Apes Vs Punks and other projects as well
The cheapest possible price that you are able to pay to purchase a NFT of a specific collection. Term can be used in context of price or to categorize the NFT. Usually these NFTs aren’t the most appealing or rare.
“Fear Of Missing Out”
the act of dividing the ownership of an NFT into smaller fractions. This makes it possible for several people to own a single NFT
Stands for Fear, Uncertainty, and Doubt. The term has stayed a little from its original definition and is used more frequently when someone is talking poorly about a project whether true or misleading.
The ability to replace or be replaced by another identical item, mutually interchangable
Since you have to pay gas for each transaction on the Ethereum blockchain, people tend to increase their gas limits to increase the likeness of their transaction being picked up first. This leads to the median price of gas rising and people trying to outbid each other.
Slang term for GWEI the cost of using the blockchain at that particular moment
Creating a NFT with a process of algorithmically generating the art based on specific traits layered on original image. All these are unique. This innovation was made famous from the CryptoPunks (2017) collection. Where 10,000 avatars were created with up to 8 different traits.
The FIRST NFT from this specific creator or collection.
“Good Morning”
“Gonna Make It” - also NMGI “Not Gonna Make It” and WAGMI “We All Gonna Make It”
"Good Night"
One billionth of ETH. Used to price gas transactions on the Ethereum blockchain.
cryptographically produced unique id
Hic et Nunc. It was a marketplace for the Tezos Blockchain that is no longer existent
To hold Crypto or NFT
A trap/scam where users put money into and are unable to get any funds out
a virtual currency wallet that is accessible online, and it facilitates cryptocurrency transactions between the owner and end-users. A collection of private keys stored on a program connected to the internet is used to store and send different currencies
Someone who holds extreme views on something and who is not willing to compromise. Usually comes in views of Ethereum vs Bitcoin
The data providing information about one or more aspects of the data. Ised to summaroze basic information about data which can make tracking and working with specific data easier.
software cryptocurrency wallet used to interact with the Ethereum blockchain. It allows users to access their Ethereum wallet through a browser extension or mobile app, which can then be used to interact with decentralized applications
a virtual-reality space in which users can interact with a computer-generated environment and other users
Means gaining cryptocurrencies by solving cryptographic equations through the use of computers. This process involves validating data blocks and adding transaction records to a public record (ledger) known as a blockchain.
Not financial Advice.
Non Fungible Tokens
Someone who generally isn’t in the crypto or NFT space. A normal person in the world.
‘Original Gangster’ A person who has been in the NFT or Crypto space early on.
An online marketplace for non-fungible tokens (NFTs). It was founded by Devin Finzer and Alex Atallah in New York on December 20, 2017
Someone who tends to buy and sell NFTs or crypto quickly based on news or influencers. Usually spoken in past tense. Ex: “I paper handed a few apes at 2 eth. Now they’re worth more than my house”
A Generative NFT (see above) specifically made for a display or profile picture where "PFP" comes from "ProFile Picture". Ex: Cryptopunks, Bored Ape Yacht Club, Doodles
Proof of Attendance Protocol. A free NFT that is usually awarded to those who attend an event, whether its virtual or physical. https://poap.xyz/
Proof of Stake
Proof of work
Crypto term where people or influencers try to inflate the price to give the NFT or coin value, Then it turns and dumps the token on all those who purchased the pump. This leaves the influencers with the profits and all the followers losing money.
flexible planning technique to support strategic and long-range planning. Used in NFTs to explain the future goals of the project.
a process used to take a picture of the holders of the project. Used for airdrops, mintpasses, and more.
Crypto coin or token which has a value tethered to the value of another coin or a fiat currency.
Process of locking up crypto holdings in order to obtain rewards or earn interest.
A “Floor Sweep” When someone or a group of people get together and purchase multiple NFTs off the floor to bring up the price.
Slang for Season
A popular decentralized crypto trading platform. The platform is used to exchange and trade different tokens from the Ethereum Blockchain. This is governed by UNI, which is their protocol token.
"United States Dollar Currency" is a stable coin that follows the price of the US dollar.
Slang for When
Term used to talk ask when the crypto or NFTs price will go high. “Price goes up to the moon”
A person who has a lot of NFTs in a particular project.
A list to get on in order to purchase the NFT in a presale. Usually it includes the developers putting your wallet onto the smart contract to allow you to interact with it.
A project guide that is released by the creators of a crypto/NFT project that gives investors information about its plans and concept.