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Buying an NFT in bulk at its lowest price, probably below or at the FP rate. For instance, project owners can sweep the floor of their NFT to increase its value. Investors can also sweep the floor to boost an NFT collection.
Derivatives are secondary contracts that inherit their value from an existing or underlying one. Examples of derivatives include crypto Options, Swaps, Futures, Forward, and many
IGO stands for “initial game offering.” It’s an early form of investment that allows the bidders to explore the early development stage of an NFT
As opposed to non-fungibility, fungibility means replaceability. It describes the ability of an item to be tradable or exchangeable for other commodities. For instance, cryptocurrencies
A revealed identity. Some NFT creators or authors prefer to remain unknown, so they tag them “undoxxed.” They become “doxxed” once people know who they
An NFT metadata contains vital information about that NFT. Most projects store NFT metadata in a distributed file system called the IPFS (InterPlanetary file system).