NFTslangs.com

NFTslangs.com

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WAGMI

What does WAGMI means?

It means “We are all going to make it.” Often used on Twitter and Discord to express optimism to the NFT community when a decision is favorable. Although it’s general crypto slang, NFT communities use it more often.

Examples

“We just swept the Moonly NFT floor, WAGMI.”

“We had a collaboration with Moonly NFT today. I’m excited, WAGMI!”

 

Random Slangs

Minting

The NFT creation process. In the background, it’s the process of attaching a unique (non-fungible) token to a digital file. Invariably, the attached token tracks

Ethereum

Ethereum is an open-source blockchain that runs on smart contracts, and its native currency is Ether or ETH. The Ethereum blockchain is the basis of

Liquidity pool

Crowd-sourced pool of cryptocurrencies or tokens locked in a smart contract to facilitate trades between the assets on a decentralized exchange (DEX).

(Floor) sweeping

Buying an NFT in bulk at its lowest price, probably below or at the FP rate. For instance, project owners can sweep the floor of

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

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