NFTslangs.com

NFTslangs.com

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NFT slangs starting with letter R

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A scornful description of NFTs. People who don’t believe in NFTs often use this phrase to express how easy it is to acquire an NFT

Rekt

Another way of typing the word “wrecked.” It’s a slang often used by the crypto and gaming community to describe crypto, NFT trader, or an

Royalties

The certain percentage earned from an NFT sale or resale. Royalties might also come as life-long passive income for artists or NFT owners if they

Rugpull

It’s a cryptocurrency scam where all project owners pull out all resources, including investors’ funds— it usually happens after everyone interested in the project due

Roadmap

A detailed outline of how an NFT project will achieve its aim. It contains all the strategies, plans, and routes an NFT project will take

Ring Signature

It’s a digital signing or agreement made by any member of a particular group—on behalf of the entire group (ring). Ring signature, however, ensures that

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

Reveal

Refers to the step in the mint process when a buyer sees what they’ve minted. Buyers typically don’t know what they’re purchasing while minting an

Reward pool

Refers to token storage that rewards people for participating in token staking or sometimes crypto campaign, usually a P2E game. The reward pool typically contains

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