Play to Earn (P2E)

What does Play to Earn (P2E) means?

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 or specific tokens.

Examples

Axie Infinity
The Sandbox
Lucky Block

Random Slangs

HODL

An acronym for “Hold on to Dear Life.” It actually first appeared as a misspelling of “HOLD” in a 2013 post on bitcointalk.org. The NFT

GMI

An acronym for “Gonna make it.” In contrast to “WAGMI,” “GMI” typically applies to one person only. Individuals in NFT use it to express optimism

Decentralized Autonomous Organization (DAO)

These are transparent organizations with no centralized control. The essential attribute of a DAO is that nobody governs it. It uses autonomous rules based on

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

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