Flex

What does Flex means?

A general term for show-off; refers to bragging about a digital asset. For instance, you can flex your NFT by displaying it as a PFP.

Example

Many DeGods NFT holders flex their assets as PFP.

Random Slangs

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

Fiat

These are official currencies issued and controlled by the government. Unlike cryptocurrencies, fiats are stable and not volatile. Examples are the common official currencies like

Private key

It’s the secret key that lets you access the wallet containing your cryptocurrency. It’s unique to you and used to sign your transactions, validating that

QR code

Also known as “Quick Response code.” It’s a set of matrix squares (typically black and white) only readable by a machine that stores certain information

Asset

Another way to refer to a digital collectible or token.