NFTslangs.com

NFTslangs.com

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Drop

What does Drop means?

This is the date and time an NFT collection is available for purchase. However, it also details a new NFT’s minting price. It’s, however, similar to the Airing dates of movies in cinemas.

Random Slangs

Flex

A general term for show-off; refers to bragging about a digital asset. For instance, you can flex your NFT by displaying it as a PFP.

Derivative

Derivatives are secondary contracts that inherit their value from an existing or underlying one. Examples of derivatives include crypto Options, Swaps, Futures, Forward, and many

GameFi

A blend of Game and Defi (decentralized finance). It’s a system where people get real-life financial returns for playing digital games. Generally, it defines the

Gas Fee

This is the amount paid in crypto for transacting on a particular blockchain. The gas fee is typically a fraction of the native coin of

Noob / Pleb

An NFT or crypto beginner. Generally, someone not knowledgeable about a subject matter is called a Pleb or Noob. But the NFT community has adopted it to describe

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