NFTslangs.com

NFTslangs.com

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NFT slangs starting with letter M

Moonboy

Someone that keeps believing in an NFT project or cryptocurrency despite its failure or drop in value. Typically, someone can become “Moonboy” if they keep

McDonald’s

It’s used jokingly as an alternative career to a failed NFT investment. The NFT community uses it comically as the career option to fall on

Meatspace

A combination of meat (flesh) and space (habitat); describes the physical world. It’s the opposite word of cyberspace. Examples “The metaverse can never be like

Multisig

A shorthand for “multi-signature.” It refers to a wallet address that requires multiple signatories (private keys) to transfer funds successfully. This further strengthens wallet security,

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

Minting

The NFT creation process. In the background, it’s the process of attaching a unique (non-fungible) token to a digital file. Invariably, the attached token tracks

Mint interval

The time interval between each mint. The aim of adding a mint interval is to offload the real-time requests or transactions during mint.

Mining

It’s the cryptocurrency generation process. And it involves adding verified blocks to the blockchain to maintain its integrity through a proof of work (PoW) process.

Mods

A short way of writing “moderators.” Mods are individuals appointed by an NFT community to maintain healthy communication on Discord and other collaborative platforms. Depending

Miner

An individual who participates in crypto mining. Miners use high-performant GPUs, as the process requires high computing power as more miners join the mining process.

Metamask (MM)

Metamask is an Ethereum-based non-custodial wallet for storing cryptocurrencies. Metamask, also shortened as MM, is a widely adopted wallet due to its high level of

NFT Metadata

An NFT metadata contains vital information about that NFT. Most projects store NFT metadata in a distributed file system called the IPFS (InterPlanetary file system).

Migration

Migration is the process of moving from one blockchain to another. However, the migrating blockchain native tokens (including NFTs) also move with it during migration.

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