Ded

What does Ded means?

The NFT way of typing the word “dead.” It’s used when an NFT project goes down the drain from a pump and dump or rug pull.

Example

Here’s a good example extracted from a tweet by @memeland:
“Coin market is ded. NFT market is ded. New projects are ded at mint. People say 5.3 ETH mint price is 1000% ded.”

Random Slangs

Multisig

A shorthand for “multi-signature.” It refers to a wallet address that requires multiple signatories (private keys) to transfer funds successfully. This further strengthens wallet security,

Liquidity pool

Crowd-sourced pool of cryptocurrencies or tokens locked in a smart contract to facilitate trades between the assets on a decentralized exchange (DEX).

Decentralized Autonomous Organization (DAO)

These are transparent organizations with no centralized control. The essential attribute of a DAO is that nobody governs it. It uses autonomous rules based on

Snipe

Used when someone buys a rare NFT at a price below its actual value. Essentially, it means a profitable deal on an NFT. Someone might

Fractional ownership

Partial ownership rights over an NFT. Sellers can sell percentages of a work and buyers can buy a portion based on what they can afford.