NFTslangs.com

NFTslangs.com

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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

Public key

This is a cryptographical hash that produces public wallet addresses for transacting cryptocurrencies. Although it comes with your private key, you can share it with

Degen

Short for “degenerate”, usually refers to people who often make risky bets. In the crypto space, it usually refers to people who invest in digital assets like NFTs by “ape-ing” in and without doing due diligence.

Meatspace

A combination of meat (flesh) and space (habitat); describes the physical world. It’s the opposite word of cyberspace. Examples “The metaverse can never be like

Ring Signature

It’s a digital signing or agreement made by any member of a particular group—on behalf of the entire group (ring). Ring signature, however, ensures that

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