Rekt

What does Rekt means?

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 online gamer who’s had themselves utterly ruined. You could say someone got rekt in a bearish market, for instance. An NFT community can also describe someone whose loss is beyond recovery as “rekt.”

Until it got blocked, there was even a Twitter bot called REKT that gathered information about people who’ve lost money on BitMEX.

Examples

“Their FOMO in the pump and dump project later rekt them”
“You can get rekt from a wrong investment decision.

Random Slangs

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

Decentralized apps (dApps)

Apps or programs that execute tasks within the decentralized or blockchain ecosystem. Generally, dApps run on smart contracts and are autonomous. Examples OpenSea, Magic Eden,

Open editions

These are NFTs offering an unlimited number of mints within a specified time frame. As opposed to limited editions, collectors can mint as much as

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

HODL

An acronym for “Hold on to Dear Life.” The NFT community uses it to encourage people never to let go of their digital assets, regardless