NFTslangs.com

NFTslangs.com

Twitter

NFT slangs starting with letter P

Probably nothing

An ironic way to say something is worth attention. For instance, someone might say, the floor price is rising, “probably nothing.” They’re telling the NFT

Pumping

It describes a continuous rise in the price or an increase in the value of a digital asset or coin. Examples “Pumping after dump:” Describes

Pump and dump

Pulling out of a project after pushing its price to the peak through deceit. In a “pump and dump,” someone or a group of people

Proof of Stake (PoS)

A short form of Proof of Stake. It’s a newer consensus relative to Proof of Work. And it helps validate transactions on the blockchain, keeping

Proof of Work (PoW)

It’s the short form of Proof of Work—An expensive validation process on the blockchain where miners verify new transactions by solving hash puzzles. This mechanism

Public key

This is a cryptographical hash that produces public wallet addresses for transacting cryptocurrencies. Although it comes with your private key, you can share it with

Private key

It’s the secret key that lets you access the wallet containing your cryptocurrency. It’s unique to you and used to sign your transactions, validating that

Presale

It’s the process of selling NFTs to chosen investors (usually early supporters) before the official mint date. Presales typically sell at a price below the

Pre-mine

Generating a certain amount of cryptocurrency before its public release or launch. It’s a way to reward early supporters and founders of a crypto project.

Peer To Peer (P2P)

Peer to Peer, shortened to P2P, is a decentralized transaction between two traders (a pair) without a verifying third party. In this case, other users

Paper hands

Selling an NFT rapidly below its floor price—often due to FOMO, fear of the project being a pump and dump, or a rug. Paper hands

Polygon

A scaled Ethereum blockchain technology layer that allows you to transact faster at a lower cost relative to the primary Ethereum blockchain. Its underlying cryptocurrency

PFP project

Shorthand for ‘profile picture’, so a ‘PFP project’ is essentially the same as a 10k project or an avatar project. This term is coined because the avatars in these NFT collections are often used as profile pictures on Twitter, Discord, etc.

Play to Earn (P2E)

These are decentralized games powered by smart contracts that reward players with tokens and digital assets. P2E gamers often access the games via their NFTs

Close