NFTslangs.com

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NFT Metadata

What does NFT Metadata means?

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).

Random Slangs

Cryptocurrency

This is an ungoverned cryptographic digital currency that exists on a decentralized ledger. You can use cryptocurrencies to purchase digital and physical items. However, transactions

BSC

An acronym for “Binance Smart Chain.” BSC is a protocol that makes the Binance Chain interoperable and programmable. Hence, other resources can communicate with it.

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

(Floor) sweeping

Buying an NFT in bulk at its lowest price, probably below or at the FP rate. For instance, project owners can sweep the floor of

GameFi

A blend of Game and Defi (decentralized finance). It’s a system where people get real-life financial returns for playing digital games. Generally, it defines the

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