NFTslangs.com

NFTslangs.com

Twitter

Cryptocurrency

What does Cryptocurrency means?

This is an ungoverned cryptographic digital currency that exists on a decentralized ledger. You can use cryptocurrencies to purchase digital and physical items. However, transactions made with cryptocurrencies are typically difficult to track since they don’t have central control.

Examples of  cryptocurrencies are:

  1. SOL: The native Solana currency.
  2. Ether or ETH: Ethereum’s native cryptocurrency.
  3. Bitcoin: Bitcoin’s native currency.

Random Slangs

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

HODL

An acronym for “Hold on to Dear Life.” The NFT community uses it to encourage people never to let go of their digital assets, regardless

Minting

The NFT creation process. In the background, it’s the process of attaching a unique (non-fungible) token to a digital file. Invariably, the attached token tracks

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

Royalties

The certain percentage earned from an NFT sale or resale. Royalties might also come as life-long passive income for artists or NFT owners if they

Menu Close