GTD

What does GTD means?

A short form for “Going to dust.” It defines an NFT project that was probably once valuable but went down the drain and became a poor investment decision.

Example

The once popular NFT project is now “GTD.”
Despite the time and money invested, it’s sad to see that project “GTD.”

Random Slangs

10k project

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.

Ape-ing (into something)

When you ‘ape into’ something, it means that you’re buying something in an irresponsible manner and typically out of “FOMO”, and/or without doing your due diligence.

Decentralized Autonomous Organization (DAO)

These are transparent organizations with no centralized control. The essential attribute of a DAO is that nobody governs it. It uses autonomous rules based on

Dutch auction

Refers to an auction that opens with the highest possible price (ceiling price); this drops at intervals and closes with the lowest price accepted by

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