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Decentralized apps (dApps)

What does Decentralized apps (dApps) means?

Apps or programs that execute tasks within the decentralized or blockchain ecosystem. Generally, dApps run on smart contracts and are autonomous.

Examples

OpenSea, Magic Eden, MarketDAO, Uniswap, and many more, are examples of dApps.

Random Slangs

McDonald’s

It’s used jokingly as an alternative career to a failed NFT investment. The NFT community uses it comically as the career option to fall on

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

Diamond hands

Describes collectors who don’t let go of an asset even when the market looks bearish. Thus, such people tend to hold on to a digital

Farm

A farm in crypto is a hip of staked tokens where investors take their rewards. These staked tokens are results of farming, a process of

IGO

IGO stands for “initial game offering.” It’s an early form of investment that allows the bidders to explore the early development stage of an NFT

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