NFTslangs.com

NFTslangs.com

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NFT slangs starting with letter S

Snipe

Used when someone buys a rare NFT at a price below its actual value. Essentially, it means a profitable deal on an NFT. Someone might

Simp / Simping

A person that desperately seeks a woman’s attention with their cryptocurrency or NFT. Generally, it describes someone who expresses extreme passion towards another person without

Snag

To quickly buy an NFT due to a price drop. People often use it synonymously as sniping. For instance, someone might tell you to snag

Shtposter

Another way of typing “shitposter.” It describes someone who derives joy from posting off-topic content on social platforms like Twitter. They aim to steer reactions,

Snapshot

It’s a record of the blockchain state (ledger) at a specific block height (a specific point in a blockchain). Developers use snapshots to capture receiving

Solidity

A free, object-oriented programming language for coding blockchain smart contracts. Solidity is relatively new compared to languages like Python and JavaScript.

Staking

It’s a process where people use their tokens to contribute to rewarding block validation for a fixed period; it applies to Proof of stake (PoS)

Szn

An abbreviation of “season.” The NFT community uses it to depict seasonal changes in the NFT world. Examples “Not many will projects will survive this

Seed hash

These are randomly generated sequence of values that encrypts transaction keys in cryptography. While the “hash” function handles encryption, the “seed” function helps generate unique

Sharding

It’s the process of splitting an overly expensive NFT into units so that more people can afford it. Sharding can also convert an NFT to

Shilling

It’s a marketing strategy usually adopted by influencers to promote an NFT project to push others to invest in it. Example “The project gained popularity

Smart contract

A program on the blockchain that runs automatically only when transacting parties satisfy predefined conditions. Hence, unlike real-life contracts, you can’t alter smart contracts once

Secondary market

It refers to a direct transaction between investors in the crypto market. In NFT, the secondary market typically comes up after minting, phasing out communication

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

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