NFT LINGO!!

Work in Progress

New teretories can be exciting and scary at the same time! Understanding what people actually mean if they say things, can make a huge difference :)

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NFT Twitter Lingo

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GM

Good Morning - NFT folks are friendly humans and typically always wish a good morning!

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GN

Good Night - After a long day in the NFT world we wish eachother a good night.

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WAGMI

We are all gonna make it!
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NFT Project Lingo

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Whitelist / Presale

A method do get exclusive or early access to the initial sale of an NFT project.

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Mint

Minting is the process of publishing an NFT on the blockchain. Also used to express when a new project will start to sell their tokens for the first time.

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Secondary Market

While the initial sale of a project is mainly done via the projects website, secondary market describes platforms like Opensea or Rarible where you can still purchase NFTs from current owners who are willing to sell.
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Ethereum Lingo

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DAO

Decentralized Autonomous Organization

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DeFi

Decentralized Finance

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Gas

A virtual fuel used in Ethereum to execute smart contracts. Eventually costs you need to pay when interacting with smart contracts (Sening ETH, Transfer NFTs, etc.).

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Gwei

Short for gigawei, a denomination of ether, commonly utilized to price gas.

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Gas War

Extremely high gas prices due to limited access events like a new NFT DROP, where people overpay on gas to secure priority positioning to make sure their transactions completes successfully.