THE OFFICIAL NFT DICTIONARY™
Terms you should know if you're in the NFT space!
ALPHA - The most precise and knowledgeable advice a person can give in the NFT space.
AIRDROP - Placing an NFT in a person's wallet for free or unannounced.
APE - To 'ape' into something. When a new NFT project comes out, or an old NFT project gets hot again, people say they want to 'ape' into the project. It's a form of FOMO (see below) - fear of missing out.
ATH - All Time High. Used when referring to the price of an NFT or NFT project.
BLOCKCHAIN - The foundation of everything in the NFT world. The blockchain is a digital ledger that records transactions and then spreads them across a universe of computers - ensuring the safety and security of the transaction.
BLUE CHIP - An NFT or project that is believed to be more valuable than others.
COLLECTION - A set of NFTs either created by a person or team for sale to others, or NFTs that reside in the wallet of a collector (see below).
COLLECTOR - A person who buys NFTs.
COMMUNITY - A group of like minded individuals joined together by an NFT.
CT - Crypto Twitter.
DAO - Decentralized Autonomous Organization. It's an organization that is governed for and by the people of the organization. There is no leader in the traditional sense, only a set of blockchain rules that each member must follow. Proposals are set forth according to the rules and the members vote on the proposals.
DED - Short for dead. Not the final dead, just down, slow, or not moving.
DYOR - Do You Own Research. This is said when giving any kind of personal advice. Though not truly the case, in the NFT space, it's as if everyone, overnight, has become a certified financial planner and must use DYOR and NFA (see below) in order to protect themselves for being blamed for what others do.
DEGEN - Short for Degenerate in the NFT space. Often used as a form of compliment.
DIAMOND HANDS - A person who won't sell their NFT no matter what they are offered. (see RICHERD below)
DROP - When an NFT project is released (also see MINT below).
DUMP - To sell an NFT after pumping (see below) the price.
ETH - Ethereum. It is a token that people use to buy and sell NFTs.
F4F - Follow for follow. For when you ape into an NFT project and want to find the community of that project.
FLEX - To 'show-off'. If you have a really great PFP (see below), you 'flex' it.
FLOOR - The bottom of the price range for an NFT.
FOMO - Fear of Missing Out. "Man, I have FOMO for this project."
FREN(S) - Short for a friend or friends.
FUD - Fear, Uncertainty, and Doubt. Talking down a project.
GM - Good Morning. A custom in the NFT space is to always say good morning to everyone.
GMI - Gonna Make It. Meaning the person will be successful in the NFT marketplace.
GN - The opposite of GM (see above).
HODL - The NFT way to say "hold" and don't sell.
IMHO - In My Honest Opinion.
IRL - In Real Life.
JPEG - A picture representation of an NFT.
LFG - Let's 'Freaking' Go (or the other word). Usually meant to convey excitement over an NFT.
MAXI - Maximalist. A person who is always talking about one thing as if it's the only thing.
MEME - A way to spread an idea often in the form of humor.
MINT - To release a new NFT (also see drop above).
NFA - Not Financial Advice. Usually offered when a person is talking about buying or selling an NFT and wants to make sure they are not responsible for the decisions of others (also see DYOR above).
NFT - NFT stands for “non-fungible token” and it allows you to use the blockchain (the digital ledger) to buy and sell digital assets while maintaining verifiable proof of ownership.
NGMI - Never Gonna Make It. Meaning the person will not be successful in the NFT marketplace.
NORMIE - A normal person not in the NFT game.
OS - OpenSea. A platform people use to buy and sale NFTs.
PAPER HANDS - To sell a project for under the floor (see above) price.
PFP - Picture For Proof. Another way of saying "profile picture" - or as the movie The MATRIX puts it, "the mental image of our digital reflection".
PROJECT - A person or team working on or releasing a set of NFTs.
PROPERTY - Also known as a trait (see below), a property is a certain aspect of the NFT entered on the blockchain.
PUMP - To talk up an NFT in an effort to increase the price of the NFT.
RARE (RARITY) - Traits (see below) are used to tell how valuable a potential NFT will be. If the trait is rare, it is believed the NFT will gain value.
REKT - Meaning "wrecked", as in, lost everything.
RICHERD - A short way of saying Diamond Hands (see above). In honor of an NFT investor named Richerd, who irl, turned down a $9.5 million offer for an NFT - displaying the most determined diamond hands since NFTs began.
RN - Right Now.
ROADMAP - The plans of the team releasing an NFT project.
SER - Gender neutral way of addressing someone.
SHILL - To constantly try and sell an NFT.
SMART CONTRACT - What all NFTs are built around. In simple terms, the smart contract contains the 'rules' of the NFT and can be fashioned in practically any way imaginable.
SOL - Solana. It is a token people use to buy and sell NFTs.
TRAIT - Also known as a Property (see above). A trait is a certain aspect of the NFT entered on the blockchain.
WAT - Short for "What?"
WEN - Short for "When?"