IRL

What does IRL means?

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 real-life version or use case. For instance, it can also be an exhibition of virtual and physical art versions. Or it can be the value you stand to derive in real life when you invest in an NFT.

Examples

I received my NFT IRL today!
Here’s another example extracted from a tweet by @ChiefToadNFT:
“A New Generation of #NFT Product. An IRL NFT smart frame & a seedpass! Show your NFTs in the Real World!”

Random Slangs

Moon

An NFT way of describing a rapid increase in the volume and price of a cryptocurrency or digital asset. The “moon” is the ultimate goal

Satoshi

It’s the smallest unit of a Bitcoin. A Satoshi reflects the name Satoshi Nakamoto, the presumed name adopted by the false person or people that

Gas war

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

Bot

A bot is an automated program bearing instructions to execute a specific task. Discord bots are good examples of how the NFT community uses bots

Degen

Short for “degenerate”, usually refers to people who often make risky bets. In the crypto space, it usually refers to people who invest in digital assets like NFTs by “ape-ing” in and without doing due diligence.