NFTslangs.com

NFTslangs.com

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Avatar project

What does Avatar project means?

Avatar NFTs are a collection of artworks that represent a particular animate or inanimate object. Avatar NFTs are some of the most common NFTs today, and people often flaunt them as PFPs (profile pictures).

Examples of Avatar NFTs

  1. Cryptopunks
  2. Bored Ape Yacht Club (BAYC)
  3. Okay Bears
  4. Moonly NFT

Random Slangs

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.

Reward pool

Refers to token storage that rewards people for participating in token staking or sometimes crypto campaign, usually a P2E game. The reward pool typically contains

Off-chain metadata

As opposed to on-chain metadata, off-chain metadata refers to token information stored outside of the blockchain. Off-chain transactions are less-secure since they don’t exist on

FOMO

An acronym for “fear of missing out.” It’s a fear of missing big rewards despite investing in a project or a cryptocurrency. A FOMO might

Blockchain

The blockchain is a chain of servers containing several nodes that record cryptocurrency transaction ledgers in a decentralized format. The blockchain is difficult to hack

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