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What are the slang terms used in the NFT community?

avatarSotiris KonstantisNov 26, 2021 · 3 years ago3 answers

Can you provide a list of slang terms commonly used in the NFT community? I'm new to the space and want to understand the jargon better.

What are the slang terms used in the NFT community?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    Sure, here are some common slang terms used in the NFT community: 1. PFP - Profile picture 2. Minting - The process of creating and releasing a new NFT 3. HODL - Hold on for dear life, meaning to hold onto your NFTs or cryptocurrencies despite market fluctuations 4. Gas - The fee required to perform transactions on the blockchain 5. Moon - When the price of an NFT or cryptocurrency increases significantly 6. FOMO - Fear of missing out, the anxiety that you might miss out on a profitable opportunity 7. NFT OG - Someone who has been involved in the NFT space since its early days I hope this helps! Let me know if you have any more questions.
  • avatarNov 26, 2021 · 3 years ago
    Yo, here's a list of slang terms used in the NFT community: 1. PFP - Profile picture 2. Minting - Creating a new NFT 3. HODL - Holding onto your NFTs or cryptocurrencies 4. Gas - Transaction fee on the blockchain 5. Moon - When the price goes crazy high 6. FOMO - Fear of missing out 7. NFT OG - Someone who's been in the game since the beginning Hope that clears things up for you! Hit me up if you need more info.
  • avatarNov 26, 2021 · 3 years ago
    Of course! Here are some slang terms you might come across in the NFT community: 1. PFP - Profile picture 2. Minting - The process of creating a new NFT 3. HODL - Holding onto your NFTs or cryptocurrencies 4. Gas - The fee required for transactions on the blockchain 5. Moon - When the price of an NFT or cryptocurrency skyrockets 6. FOMO - Fear of missing out on a good opportunity 7. NFT OG - Someone who has been in the NFT space for a long time I hope this helps you navigate the NFT world better! If you have any more questions, feel free to ask.