NFTslangs.com

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FOMO

What does FOMO means?

An acronym for “fear of missing out.” It’s a fear of missing big rewards despite investing in a project or a cryptocurrency. A FOMO might happen when a coin or NFT rises significantly within a short period, and you’ve not shared in the profit.

Example

This warning tweet by @TheMoonCarl is a good usage example of FOMO:

“Many people will panic and sell their #Bitcoin only to FOMO back in at higher prices. Don’t be like them.”

Random Slangs

InterPlanetary File System

Often shortened as IFPS, the Interplanetary File System is a distributed storage system that holds NFT data in a peer-to-peer fashion. IFPS writes data to

Probably nothing

An ironic way to say something is worth attention. For instance, someone might say, the floor price is rising, “probably nothing.” They’re telling the NFT

Utility-focused NFTs

These are NFTs that offer real-life uses or tools to perform a task. An excellent example of a utility NFT is Moonly, which gives unique

Fudder

It refers to someone who expresses FUD about a project; they’re frightened, uncertain, and doubtful about an investment. Anyone can become a Fudder in crypto,

Play to Earn (P2E)

These are decentralized games powered by smart contracts that reward players with tokens and digital assets. P2E gamers often access the games via their NFTs

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