NFT

What does NFT means?

NFT stands for “non-fungible token.” An NFT is a non-replaceable token that tracks digital assets on the blockchain. Each NFT is uniquely tied to a specific item to prevent ownership conflict, and they’re all bound by smart contracts. Therefore, you can buy any item digitally, including music, cloth, food, land, house, and art and track them as NFTs.

Random Slangs

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

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)

Wen

A loose spelling of “when.” Crypto communities use it to inquire about the time of an event. Examples “Wen WL:” Asks when an NFT whitelist

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

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