Gas war

What does Gas war means?

Gas war results from conflicting transactions on the blockchain, where the volume of NFTs available are lesser than the number of wallet addresses minting the NFTs. Gas war often increases the gas fee, as bidders or collectors tend to increase how much they pay for the transaction. Hence, collectors paying higher gas fees are more likely to bag the NFTs.

Random Slangs

Meatspace

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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

ERC-721

ERC-721 is a set of standards that provides guides for creating non-fungible tokens (NFTs). This is in contrast to ERC-20, which is for creating fungible

Floor

Often described as the floor price, it’s the lowest selling price of a digital product. The lower the floor of an NFT, the more valuable

BTC

A short way of writing “Bitcoin.” Launched in 2009, Bitcoin tops the cryptocurrency blue chips. And it has gained immense value over time. It uses