NFT Community Dictionary

The NFT Community use a lot of terms and abbreviations to communicate with each other, and this could be confusing the first time, some of these words are essential for your understanding and participation in the space, that's why we create a list of the most common terms used on this space, feel free to learn:

• WAGMI: This is the abbreviation of "We're all gonna make it".

• NGMI: This is the abbreviation of "Not gonna make it".

• APE/APEING: The meaning that we can give to this word is "to dive into a project recklessly without research / based on momentum".

• WEN MOON: The meaning that we can give to this word is "when the value of this asset goes so high that it can reach the moon".

• PROBABLY NOTHING: This is a sarcastic use for "probably anything important is happening right now".

• DYOR: This is the abbreviation of "Do your own research".

• REKT: Reference of "Wrecked (Lost a ton of money)".

• HFSP: This is the abbreviation of "Have fun staying poor".

• FUD: This is the abbreviation of "Fear, Uncertainty, and Doubt".

• FOMO: This is the abbreviation of "Fear of missing out".

• HODL: The meaning that we can give to this word is "Hold on for dear life (Hold your Tokens - Don't sell)".

• WHALE: The meaning that we can give to this word is "Entities who own a large number of tokens that can change the market in a single trade".

• CRYPTOSIS: The meaning that we can give to this word is "When someone is bitten by the crypto bug, and simply can't shut up about it".

• WHEN LAMBO?: The meaning that we can give to this word is "When your Token reach the moon so you can buy a Lamborghini".

• FLIPPENING: The meaning that we can give to this word is "Moment when the value of a crypto-token overtakes the value of Bitcoin".

• BYOB: This is the abbreviation of "Be your own bank".

• AIRDROP: The meaning that we can give to this word is "Send tokens for free to a different wallet address".

• GM: This is the abbreviation of "Good Morning".

• GN: This is the abbreviation of "Good Night".

• BURN: The meaning that we can give to this word is "Destroy a token that was not MINTED or in other cases MINTED but still destroyed".

• DIAMON HANDS: The meaning that we can give to this word is "A person who holds on to an asset through price volatility, negative news, poor market sentiment, and whatever kind of FUD".

• FLOOR: The meaning that we can give to this word is "simply the lowest price at which you can buy an NFT from that project on the Secondary Market".

• GAS: The meaning that we can give to this word is "The price for making a transaction on a Blockchain".

• MINTING: The meaning that we can give to this word is "When you're buying a completely new NFT from the creator".

• PAPER HANDS: The meaning that we can give to this word is "Basically the opposite of Diamond Hands, refers to someone who sells something at was is perceived by others as too low of a price".