SFT (Semi-fungible token) – This is similar to an NFT, but it is minted in quantities.
It is designed to combine the features of fungible and non-fungible and improve on both.
ETH – ETH is short for Ether, which is the currency used to buy and sell NFT assets on the Ethereum blockchain.
Alpha – An Alpha means top NFT investors that have information and knowledge that the rest of the market is unaware of. These Alpha investors sometimes share their gem (undervalued) plays on social media.
For example
“I have found some alpha on a project, and it is undervalued.”
GMI – This stands for ‘Gonna make it.’
This is often used in the NFT world as a phrase when investors find a gem NFT, or big news comes out about the NFT market or collection, which is positive.
WAGMI – This is the same as GMI, but it means ‘we are gonna make it.”
It is often used as a catchphrase amongst NFT holders of a certain collection which is going to go up in value.
NGMI – This stands for ‘Not gonna make it.’
This phrase is used to describe a project or investor that is not making good decisions, or a project that is not doing well.
FOMO – This means Fear of missing out.
This phrase is often used in NFT and crypto trading.
For example
“I have FOMO because this project is going to keep going up in value.”
FUD – This stands for Fear, uncertainty, and doubt.
This is a common phrase in the NFT and crypto space. Many investors use it to describe when something big is happening in the market or a project to create fear and make investors sell.
Scam – A scam is a project or person that is trying to entice investors in with the intention of stealing their money.
Read our Scam article.
Mint – Mint, or minting, is the activity of creating an NFT from a new NFT collection. You mint or create a new NFT from a projects total collection early before it is available for sale on a
secondary NFT marketplace.
Pump – This is often used as a term to create FOMO and excitement in an NFT project. “Pump my bags” (NFT)
Pumping – This describes when an NFT is increasing in value at a rapid rate. “This NFT price is pumping hard!”
Bags – The term bag describes the assets an NFT investor holds. They may hold multiple different NFTs, and the combination of all of these is called their bag/bags.
Shill – Many NFT influencers have been accused of doing this. The term shill, is uses to describe a person who holds an NFT and they want to increase the price. They shill their NFT bag and encourage others to buy!
This term is used by investors to ask others what NFTs they like.
For example
“Shill me an undervalued project!”
Whale – An NFT whale is a term used to describe a wealthy investor who holds a lot of crypto or many NFTs of a particular NFT collection. Wales can buy and sell large amounts of NFTs and move an entire market up or down.
For example
He is a whale and holds 50 NFTs in this collection.
Floor – Sometimes this is abbreviated to FP.
This phrase represents the lowest price of an NFT collection.
For example
The floor (bottom) price of this NFT collection is $100.
You can also floor your NFT if you want to sell your NFT fast you floor or sell your NFT cheap.
Weak or paper hands – This term is used to describe a weak NFT investor that panic sells at a cheap price.
Sweep, swept, sweeping – This describes an NFT investor who purchases multiple cheap NFTs in a collection.
For example
An investor just swept the floor and bought 10 NFTs instantly.
You may also hear it used as:
“I just swept the floor of this NFT collection.”
“Someone is sweeping the floor right now of this NFT collection.”
Apeing/aped in – This term is used to describe jumping in fast and buying an NFT. It usually means an investor is purchasing a few NFTs in a collection before other investors realise how cheap they are and start buying.
For example
“I just aped in and bought this NFT.”
Diamond hands – This term is used to describe a strong investor that has conviction in the NFT they are holding, and are not tempted to sell it for a quick profit.
A Diamond hand NFT investor will hold their NFT for the long term, and if the price suddenly drops, they do not panic sell. In fact, a Diamond hand NFT investor will often buy NFTs from the weak or paper hand panic sellers.
OG – This term stands for Original Gangster.
An OG, is someone who has been in the NFT space for a long time and has done well. It is used as a mark of respect for an NFT investor.
“He is a real OG.”
LFG! – This word stands for ‘Let’s fucking go.’
This is used on the Solana NFT blockchain and means someone is bullish on an NFT or project.
For the poor – This is a derogative term used by Ethereum NFT investors to describe people that invest in Solana NFTs.
Bullish – This term is used to describe someone who has a strong belief that the market or a particular NFT will do well.
For example
“I am bullish that Solana will go to $300.”
“I am bullish on this NFT project.”
Bearish – This term means the opposite of bullish.
For example
“I am bearish on this market or project and think it will go down in value.”
Capitulation – This term is used to describe when the NFT market has been performing poorly for some time, and NFT investors finally capitulate (give up) and sell their NFTs back into a fiat currency.
Founder – The refers to a creator and owner of an NFT project.
Artist – Someone that is an NFT artist and creates the
NFT artwork.
DAO – Decentralised Autonomous Organisation.
This is a community-led group with no centralised authority. Investors get voting rights on how the DAO invests or makes decisions.
Transaction – A transaction is any activity of sending or receiving a token or NFT on a blockchain.
Fee/fees – There is a cost to every transaction on the blockchain. The transaction fee is the amount charged to complete a transaction.
Royalties – Many NFT collections charge a royalty on every purchase or sale for an NFT. These royalties can be between 1% and 10% of the price of the underlying NFT price.
IP rights – Some NFTs have
intellectual property rights attached to them. You may buy an NFT, and the IP remains with the original creator, or it may transfer to you.
Influencer – An
influencer is someone who has a large social media following and is usually knowledgeable in the NFT space.
Exchange – An exchange is a platform or app where you can exchange one NFT or token for another.
Marketplace – An
NFT marketplace is a website where you buy and sell an NFT.
Wallet – This is a
digital wallet.
Ledger – A
ledger is a hardware digital wallet that offers an extra layer of protection for NFTs and tokens.
P2E – P2E means
play-to-earn.
You can play a game on the blockchain and earn NFTs or tokens as rewards.
Metaverse – A
metaverse is a virtual world where you can meet people, create businesses, sell products, play games, and more.
Auctions – There are online NFT marketplaces that allow
auctions. You can bid against other investors for an NFT.
Swap/swaps – You can swap one NFT for another NFT on certain
swap platforms. This means you exchange your NFT for another NFT you want. The cost of swapping an NFT is far less than selling your NFT and then buying the other.
Avatar – Avatar refers to the picture you use online. You can
create your own avatar for metaverses that look like you.
Airdrop – An
airdrop means an NFT is automatically dropped into your digital wallet. NFT projects use use airdrops to reward their holders or as a marketing strategy.
Staking –
Staking refers to a system that allows you to move your NFT onto a reward platform that often gives people who stake a daily, weekly, or monthly reward.
Bridge/Bridging –
Bridging means when you move one NFT from one blockchain over to another blockchain.
Fractional –
Fraction NFTs allow investors to own part of an NFT between other investors. This helps you gain exposure to an expensive NFT without having to pay the full price.
Collectables –
Collectable NFTs are like digital baseball cards. These NFTs are sought after by other investors, especially sport enthusiasts.
Print/printing – You can
print your NFT onto canvas and even get 3D moulds delivered to your door.
Token – A token is a cryptocurrency token that is often attached to your NFT. NFT projects use tokens for utility and as a reward to NFT holders.
Tools –
Tools are useful websites that help you with your NFT investing.
Bluechip –
Bluechip NFTs refer to the top NFT collections. Just like you get bluechip stocks, you also get bluechip NFTs.
Calculator – There are
NFT calculators which help you calculate the value of an NFT. They can also be used to calculate how profitable an NFT APY is.
Funds – Some investors prefer to invest in an
NFT fund. The fund purchases NFTs and the fund investors profit when the fund sells an NFT.
Calendars –
NFT calendars make it easy for you to see new NFT mints coming out and events covering an NFT or the market.
Newsletter –
NFT newsletters help investors keep up-to-date with the NFT marketplace.
Podcast –
NFT podcasts bring together the top influencers and projects. You can listen to NFT podcasts to learn more about the industry.
Spaces – On Twitter you can listen and speak on spaces. Spaces are online discussions about an NFT project or space. They are similar to podcasts.
Rarity –
Rarity refers to how rare and unique an NFT or trait is. There are platforms that help you value your NFT and how rare it is.
Copy Trading – Just as with the stock market you can view top NFT traders and what they are investing in. You can then
copy their NFT trading strategy.
Futures – This is similar to stock
futures. You can short or long an NFT collection.
Gas – On the Ethereum blockchain every transaction a user does is charged a fee which is known as a gas fee.
PFP – PFP stands for profile picture.
NFT pictures are used as your profile picture on Twitter.
Flex – Flex or flexing is when you show off. You may flex your NFT collection or investment skills to others.
Mooning – Mooning refers to an NFT project where the price is rapidly increasing in value. This NFT project is mooning.
Wen – Wen stands for when. It is used as a term in NFT for wen price at $1000, or wen moon.
Ser – This is a popular NFT term meaning Sir.
Ser is a gender neutral term.
Probably nothing – This is used a lot in the NFT space. When something big happens in the space or a project people type “probably nothing.”
For example
The price of this NFT has increased by 100%. Probably nothing!
GM – This stands for good morning!
GN – This stands for good night.
Frens – This stands for friends.
Project – This refers to an NFT project or collection.
Liquid – Liquid refers to an NFT project having a lot of volume of buyers and sellers. This project is liquid. Meaning you can buy and sell with no problem as there is demand.
Illiquid – This is the opposite of liquid. Some projects may look good or have a high floor price, but there are very few buyers. Be careful of any NFT collection that is illiquid.
HODL – HODL is a popular phrase in the NFT and crypto space. It stands for ‘hold on for dear life.’
When you HODL an NFT, you are not selling it regardless of the price going up or down.
Simp – There are very few females in the NFT space and some post provocative bikini pictures to gain followers or engagement on their Tweets. A simp is someone that comments, likes, and shares these.
Content farming – This is when someone Tweets about something in the NFT space to get others to react and help their social post go viral.
Secondary market – A secondary market is an NFT platform or
marketplace where you can buy and sell NFTs with other investors.
Flipper/Flip/Flipped – This word refers to someone that buys an NFT and instantly sells it for a profit.
1/1 – This stands for one-of-one. Some digital artists create a special one-of-a-kind NFT to sell. This means there is only one NFT and not a collection.
Reveal – Some NFTs that are minted do not show the rarity or the picture instantly. There is a delay in the picture being revealed to the public. The reveal is when the pictures are available to see. Many top NFT collection mint like this and hold the reveal for days and sometimes even months.
Trait – A trait or traits refers to the different parts of an NFTs picture.
For example
The skin colour may be gold and your picture has a hat. These are NFT traits.
Some traits are rare (collectable) and make your NFT worth a lot more than other NFTs in the same collection.
Web3 – Web3 is the evolution of the Internet. Web2 refers to the Internet where it is more informational. Web3 changes the function of the internet through using the blockchain, cryptocurrencies (spending), NFTs, and decentralised finance. Web3 increases the user functions.
All-in – All-in refers to an NFT investor that is spending all their money on one NFT or collection.
For example
“I like this NFT project and I am going all-in.”
Dumping – This is where an NFT owner sells all their NFTs quickly and cheaply. They are basically cashing-out and leaving.
Dump/dumped – This is where the price of an NFT drops rapidly.
For example
“Wow! The price of this NFT dumped hard.”
REKT – ETH is short for Ether, which is the currency used to buy and sell NFT assets on the Ethereum blockchain.
Cash grab – A cash grab is where an NFT creators goal was not to build the project, but simply to promise things and create hype and the investors loose most their money. The NFT creator literally takes all your money.
Rug-pull – A
rug-pull is a common occurrence in the NFT space.
An NFT creator has no intention of building their project past mint, and usually disappears with your money when they have made enough from investors.
Giveaway – This is a term used for giving away some cryptocurrency or NFT to the public. It is used as a marketing tool by influencers and projects.
Pre-sale – A pre-sale refers to an NFT collection which allows a select group of investors a mint price that is below the public mint price. It is usually given to influencers and important early NFT investors.
Delist – Delist refers to when you remove the NFT you have for sale on a secondary marketplace. The price of the NFT may be increasing rapidly and you decide to delist your NFT for sale in the hope that it increases more.
List – You decide to sell your NFT, so you list it for sale.
Listings – Listings refers to the NFT’s that are for sale on a platform.
OTC – This refers to selling your NFT to another investor directly. You sell your NFT Over-the-counter.
NFT investors do this to get a better price and often avoid the royalty fees.
Degen – This is a term of endearment in the NFT space. A degen is a degenerate NFT investor. A degen is an NFT investor that is constantly trading and very active in the NFT space.
For example
This person is a full Degen.
Pre-reveal – This means the NFT artwork will not reveal until after the mint.
Locked – This refers to some NFTs or projects funds being locked away for a specified amount of time.
Unlocked – This means that NFT funds or tokens are available to sell straight away.
IRL – This stands for ‘in real life.’
For example
We have not met IRL.
Common – This means that your NFT is not rare. There are many NFTs like yours and your NFT does not have any rare traits. These are usually the cheapest in an NFT collection.
Rare – This means a rare trait NFT that is popular with investors and usually priced well above the floor price of the NFT collection.
Mystic – A mystic means you have minted or own a very rare (mystic trait) NFT.
SOL – Short for Solana and SOL is the native token for their blockchain.
DM – This means to direct message me. Some people use PM, which means to private message them to chat.
Trade – This refers to any buying or selling of an NFT.
For example
I traded an NFT for another one.
Bank – This refers to making a lot of profit on an NFT.
For example
I made bank on that NFT trade.
Rug/rugger – A rug is an NFT collection that the owner has disappeared and left the investors holding worthless NFTs.
IAPSWAGMIOABE – It means I’m pretty sure we are gonna make it or at least break even.
Break even – This means you didn’t make a profit or lose money on an NFT. You literally broken even on the trade.
DEV – A dev is a developer. It usually refers to someone that works on the technical aspect of an NFT project, including the coding.
WL – This stands for white list. A white list refers to the chance to receive a mint of an NFT collection. People compete with each other for a slot and a chance to mint a particular NFT.
Flip – A flip refers to an NFT investor that sells their NFT fast so they can take a profit.
TA – This stands for technical analysis. Some NFT investors will use charts and volume to ascertain the direction of the NFT price.
Supply Squeeze – Some NFT collections have 10,000 NFTs in the collection. A popular collection might only have 100 NFTs for sale on a secondary marketplace. The less NFTs available for sale the higher the price. When an NFT investor sees people not listing their NFTs for sale and there is demand from buyers there is a supply squeeze and the demand outstrips the supply.
Shit posting – Some NFT investors like to Create drama on social media platforms. They will post a comment or thread to upset people and create a response.
Balls Deep – This is a term used which means someone is going all-in on something. The NFT investor is fully committed to the event and has no intention of turning back.
For example
“I’m going balls-deep into this collection.”
Thank you for reading this!
Please have a look at our crypto and blockchain dictionary to learn the slang involved in cryptocurrency investing.
