Burn / Burning

What does Burn / Burning means?

It’s a method of destroying and removing an NFT from the blockchain. An NFT creator may decide to burn an NFT if it’s Paperhands, for instance. The aim might also be to remove underpriced NFTs from the market.

Random Slangs

Alpha

Having access to important insider information. For example, one may say “I work at Opensea, so I have Alpha on the new artists that we’re partnering with next month”

GTD

A short form for “Going to dust.” It defines an NFT project that was probably once valuable but went down the drain and became a

Rarities

It determines the level of uniqueness or scarcity of an NFT. Generally, the more scarce an NFT is, the higher its price. Hence, collectors always

Ded

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

Bitcoin

The most well-known cryptocurrency.