NFTslangs.com

NFTslangs.com

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Asset

What does Asset means?

These are tokenized digital items powered by public ledgers. You can think of crypto assets as items that add value to physical items on the blockchain.

Examples of assets in crypto include art, music, videos, cryptocurrencies, and many other items represented digitally.

Random Slangs

Smart contract

A program on the blockchain that runs automatically only when transacting parties satisfy predefined conditions. Hence, unlike real-life contracts, you can’t alter smart contracts once

Fungible Tokens (FT)

These are tokens that are swappable for physical or digital items like NFTs. Fungible tokens, however, have buying power. Examples ETH, SOL, Bitcoin, and many

Gwei

Gwei is the one-billionth of one ETH (1 ETH is 1000,000,000 Gwei). It’s a denomination of ETH, also called a nanoether, due to its value

AMA

A short form of “ask me anything.” An AMA is usually a session on Twitter Space, where an NFT project community members get to ask

Peer To Peer (P2P)

Peer to Peer, shortened to P2P, is a decentralized transaction between two traders (a pair) without a verifying third party. In this case, other users

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