Fungible Tokens (FT)

What does Fungible Tokens (FT) means?

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 other cryptocurrencies are examples of fungible tokens.

Random Slangs

Off-chain metadata

As opposed to on-chain metadata, off-chain metadata refers to token information stored outside of the blockchain. Off-chain transactions are less-secure since they don’t exist on

Private key

It’s the secret key that lets you access the wallet containing your cryptocurrency. It’s unique to you and used to sign your transactions, validating that

KYC

KYC is an acronym for “know your customer,” often required as a registration phase in crypto trading apps like Binance. The purpose of KYC is

AFAIK

The short form of “as far as I know”, implying that the information available is what someone knows so far. AFAIK statements are usually amenable

An NFT collection of approximately 10,000 avatars, which was arguably pioneered by the famous CryptoPunks collection. This term is also commonly used to refer to similar avatar projects instead of the actual number of NFTs in the collection.