NFTslangs.com

NFTslangs.com

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ENS (.eth)

What does ENS (.eth) means?

A short form of “Ethereum Name Service.” ENS is the blockchain naming standard for the Ethereum network. It helps shorten wallets and dApps names, transforming them from machine-only-readable formats to what humans can understand. You can view ENS as the blockchain domain name provider. However, it also supports other DNS (domain name services).

Random Slangs

IRL

An acronym for “in real life.” The contextual use may vary. But generally, the NFT community uses it when comparing a digital asset to its

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

Fiat

These are official currencies issued and controlled by the government. Unlike cryptocurrencies, fiats are stable and not volatile. Examples are the common official currencies like

IYKYK

Short for “If you know, you know”. It implies that a message, post or information that’d make sense to the insiders but not the general public.

Burn / Burning

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

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