NFTslangs.com

NFTslangs.com

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Layer 2

What does Layer 2 means?

A secondary technology built on top of an existing blockchain. The purpose of layer 2 is to scale the blockchain with more solutions, improving its overall transaction speed.

Random Slangs

GPU

An acronym for “graphics processing unit.” A type of CPU (central processing unit) that speeds up digital rendering. In crypto, powerful GPUs are an essential

IYKYK

Short for “If you know, you know”. It implies that a message, post or information that’d make sense to the insiders but not the general public.

GTD

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

Rarities

It determines the level of uniqueness or scarcity of an NFT. Generally, the more scarce an NFT is, the higher its price. Hence, collectors always

Fren

A misspelled slang for “Friend.” In the NFT community, people address their buddies as “fren.” Example Hey “fren,” WAGMI!

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