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Secondary market

What does Secondary market means?

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 with the project owners or company. NFTs listed on NFT marketplaces are good examples of secondary markets.

Examples

  1. Solsea
  2. Magic Eden
  3. OpenSea
  4. Solanart
  5. Digitaleyes; and many more.

 

Random Slangs

Ape-ing (into something)

When you ‘ape into’ something, it means that you’re buying something in an irresponsible manner and typically out of “FOMO”, and/or without doing your due diligence.

Avatar project

Avatar NFTs are a collection of artworks that represent a particular animate or inanimate object. Avatar NFTs are some of the most common NFTs today,

Miner

An individual who participates in crypto mining. Miners use high-performant GPUs, as the process requires high computing power as more miners join the mining process.

DEX

DEX is an acronym for “decentralized exchange.” It describes an autonomous peer-to-peer (P2P) platform where people can exchange tokens without depending on any mediator for

Doxxed / Doxed

A revealed identity. Some NFT creators or authors prefer to remain unknown, so they tag them “undoxxed.” They become “doxxed” once people know who they

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