Flip

What does Flip means?

An act of buying and selling a digital product quickly. This decision is often a result of anxiety about the future of a project or the need for a quick return on investment (ROI). You can flip an NFT, for instance.

Example

“I flipped the art because I needed some cash.”

Random Slangs

Shilling

It’s a marketing strategy usually adopted by influencers to promote an NFT project to push others to invest in it. Example “The project gained popularity

GTD

A short form for “Going to dust.” It defines an NFT project that was probably once valuable but went down the drain and became a

Reveal

Refers to the step in the mint process when a buyer sees what they’ve minted. Buyers typically don’t know what they’re purchasing while minting an

Royalties

The certain percentage earned from an NFT sale or resale. Royalties might also come as life-long passive income for artists or NFT owners if they

Dutch auction

Refers to an auction that opens with the highest possible price (ceiling price); this drops at intervals and closes with the lowest price accepted by