1/1 NFT
NFT art is a unique, one-of-a-kind digital collectible that only the artwork itself exists.
Full definition of 1/1 NFTCrypto Terminology
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ADA
ADA is the native cryptocurrency of the Cardano blockchain platform, which was established in 2017 by co-founder of the Ethereum network Charles Hoskinson.
Full definition of ADAAirdrops
Airdrops are free collectibles given away by the authors of a certain NFT collection.
Full definition of AirdropsAlpha
In the NFT world, the term "alpha" refers to information that can presumably be used for some benefit or profitable end.
Full definition of AlphaAMA
AMA is an abbreviation for "ask me anything". It is used by people who are opening themselves up for a session where the community can ask any kind of question.
Full definition of AMAApe In
“Ape in” usually refers to people who rush into buying a new NFT or coin without doing much due diligence or research. It originated through the “apes together strong” meme. It is, however, always advised not to ape in any…
Full definition of Ape InArt Blocks
It seems there’s some sort of misconception towards Art Blocks- it’s not referring to an NFT collection or a type of NFT art
Full definition of Art BlocksAsset
A non-fungible token (NFT) or cryptocurrency is an example of a digital collectible that is referred to as an asset. NFTs are all the rage in the crypto world–some are even fetching millions of dollars. But what are the benefits…
Full definition of AssetB
Beeple
Mike Winkelmann, the most well-known digital artist, goes by the alias Beeple.
Full definition of BeepleBitcoin
Bitcoin is the world’s most popular cryptocurrency. Bitcoin is a virtual currency designed to act as money and a form of payment outside the control of any one person, group, or entity, thus removing the need for third-party involvement in…
Full definition of BitcoinBlockchain
Blockchains are distributed databases used to securely store data and information in a publicly accessible way. Rather than relying on a single centralized server, blockchain-powered crypto networks store data across distributed devices (nodes) worldwide. Ultimately, these distributed devices can be…
Full definition of BlockchainBlue-chip NFT
While exploring the vast world of NFTs, you may hear the term “blue chip” thrown around quite often. And if you are an NFT collector or investor, then you should know what a blue chip NFT is and why they…
Full definition of Blue-chip NFTBurning
Non-fungible tokens (NFTs) are immutable once they are created on the blockchain, but can they be eliminated? If you need to get rid of your NFT, there is just one option: burn it. So, how and why would you want…
Full definition of BurningBuyer
In the NFT/Crypto world, a buyer is a person looking to earn money by purchasing and selling digital collectibles. There are two broad types of entities that buy NFTs. 1. Individuals Individuals from the majority acquire NFTs for a variety…
Full definition of BuyerC
CC0
Creative Commons Zero (CC0) is the most liberal form of copyright protection in which creators must forgo any copyright protection and allow the public to use, adapt, or profit from their work. What exactly is a CC0 NFT? To comprehend…
Full definition of CC0Cold Wallet
A cold wallet is a more secure kind of cryptocurrency wallet that is stored offline. Examples of cold wallets include paper wallets and hardware wallets. Hardware wallets are physical devices, many of which look like USB drives. Top brands include…
Full definition of Cold WalletConsensus Models
Consensus models are systems that are meant to provide trustworthiness and reliability. Parties have traditionally outsourced consensus to impartial third parties (banks, escrow companies). Blockchains, on the other hand, validate transactions using computer algorithms and peer-to-peer networks. The consensus method…
Full definition of Consensus ModelsCryptocurrency Noobs
Since the 2017 bull market, interest in Crypto has been rising, and it has grown even more since 2021, when the nonfungible token (NFT) boom and Bitcoin's (BTC) all-time high PricePrice occurred.
Full definition of Cryptocurrency NoobsD
Devs
Devs is the term used to describe developers or blockchain developers. Simply put, it’s a short form for developers. A blockchain developer is responsible for designing smart contracts and DApps and to maintain a blockchain’s code, so they need to…
Full definition of DevsDEX
DEX is the short form for decentralized exchange. Decentralized crypto exchanges are P2P blockchain-based marketplaces where users trade crypto assets. In contrast to centralized exchanges where transactions take place through a centralized orderbook, transactions in DEX occur directly between traders…
Full definition of DEXDiamond Hands
Diamond hands is a reference to crypto investors who hold on to assets with high volatility for a long time, regardless of prevailing market conditions. It is the opposite of paper hands, which is someone who sells as soon as…
Full definition of Diamond HandsDiscord
Discord is a free messaging app that provides users with text, voice, and instant video chats. It was first launched in May 2015 and was initially made for gamers to interact with audio and text when gaming. In the crypto…
Full definition of DiscordDrop
A drop refers to the release of a new non-fungible token (NFT) project into the market. Using NFT drops, creators tell collectors the exact date NFTs are available for minting and purchase. NFT drops are typically announced via email newsletters,…
Full definition of DropDutch Auction
A Dutch auction, also known as a uniform price auction or a descending price auction, is a bidding technique that has gained traction in the crypto markets. It entails finding an optimum price for sellers to sell off their assets.…
Full definition of Dutch AuctionDYOR
DYOR is a famous phrase in the crypto sector, and it stands for ‘do your own research.’ It is not just an acronym but a piece of solid advice to all crypto enthusiasts who want to make it in the…
Full definition of DYORE
ERC-721
ERC-721 is a token standard for non-fungible tokens on Ethereum. A pillar of the ecosystem, it supports billions of dollars’ worth of NFTs.
Full definition of ERC-721Ethereum
Ethereum is a public blockchain platform that allows users to receive and send value worldwide. The native token on the Ethereum blockchain is ether (ETH), which is to pay for transaction fees on the network. The concept of Ethereum was…
Full definition of EthereumExchange
Exchange provides a safe and decentralized avenue for owners to put up their token for trade where other owners can browse and offer their own token in exchange.
Full definition of ExchangeF
Flipping
Flipping is a loose term for buying items at low prices and selling quickly for a profit.
Full definition of FlippingN
NFT Marketplaces
An NFT marketplace is a digital platform where buying and selling of Non –Fungible tokens take place. The platform allows NFT creators to sell their Non-Fungible Tokens to interested buyers.
Full definition of NFT MarketplacesNFT Project
An NFT or Non-Fungible Token is a blockchain-based certificate that proves ownership. NFTs provide a fully transferable and universally regarded form of title ownership. These unique cryptographic assets are transfiguring the globe and upsetting all industries beginning with art and finance but progressively pushing their way through fashion, sports, and beyond.
Full definition of NFT ProjectNFT Pump and Dump Schemes
Since the peak of the pump of NFT projects in 2021, the market sentiment has portrayed evident signs of confusion. The world has been astonished as pictures of apes sold for tens of millions of dollars. A sea-water size of headlines about million-dollar NFT hacks has flooded the internet as corporate cash grabs intensified. The real question remains, are NFT projects just a pump and dump? Let's dig deeper.
Full definition of NFT Pump and Dump SchemesNFT Raids
NFT raids are the community's social media flash campaigns to promote new projects for non-fungible tokens {NFTs}. These raids are frequently used to promote digital assets in the form of digital art or digital collectibles, such as unique avatars or playable game characters.
Full definition of NFT RaidsNFT Roadmap
The official platform of almost every NFT or Metaverse project nowadays features an NFT roadmap. There is always an NFT plan, even when you can't locate a well-written whitepaper.
Full definition of NFT RoadmapNFT Royalties
Royalty payments are basically the percentage payments made to an artist for subsequent and ongoing use of their assets. In business terms, royalties are a percentage payment of the profits sales of an artwork. For NFTs, these royalties are set by the creators during their minting process.
Full definition of NFT RoyaltiesNFT Shilling
In simpler terms, "shilling" refers to an individual promoting an NFT project to increase its popularity and convince people to purchase the digital artwork. This article will describe what "NFT shilling" means in the digital world.
Full definition of NFT ShillingNFT Staking
The popularity index of Non-Fungible tokens has exponentially sprouted to a market capitalization of just over 2 billion dollars and a 24-hour trading volume of 4.6 million dollars at the time of publication. NFT staking has reinforced this rapid growth as investors, and NFT fans can now earn passive income on their staked NFTs.
Full definition of NFT StakingO
On-Chain – How does it work?
On-chain transactions refer to the transactions that occur on the blockchain and are dependent on the blockchain’s state for validity. This article takes you through on-chain transactions and how they work in the digital world.
Full definition of On-Chain – How does it work?OpenSea
OpenSea is an ecommerce identical to Amazon, but unlike Amazon, all of the things displayed are distinctive digital treasures in the form of NFTs that users may buy, sell, and mint. The website allows customers to conduct straightforward, trustless transactions with one another because it is a decentralized, peer-to-peer marketplace.
Full definition of OpenSeaP
Paper Hands
Diamond hands and paper hands are popular slang phrases used on the internet to describe stock traders’ appetite for risk. Originating from online discussion board r/wallstreetbets, these phrases essentially describe the likelihood of an investor to sell, in the event of a price drops or even where they make modest capital gains.
Full definition of Paper HandsPlay-To-Earn Games
The gaming industry has grown exponentially in the past few decades, registering billions of dollars in revenue. It is estimated that an average player spends over $200 a year on games and gaming devices. With the rise of blockchain technology, more is expected of the gaming world. Blockchain-based games offer an admirable play-to-earn feature for all to enjoy.
Full definition of Play-To-Earn GamesPrivate Keys
Usually, private keys are numerical codes encoded in a more user-friendly manner to make them easier to remember. Most wallets use the 'secret recovery phase', also known as the 'seed phase', to unlock crypto wallets. When opening a crypto wallet, you are assigned a string of words that you use to unlock your wallet funds. The private key is embedded in this string of words.
Full definition of Private KeysPublic Ledgers
A public ledger is a record-keeping system that includes and maintains each participant's identity and transactions. Understanding that cryptocurrencies are decentralized and encrypted, digital artwork like NFTs and crypto tokens can be safely exchanged between participants in a blockchain network.
Full definition of Public LedgersR
Rarible NFT Marketplace
Using NFTs, Rarible is an Ethereum-based network that makes creating, selling, and buying ownership rights to electronic artworks easier. Unique cryptocurrency properties and NFTs help show distinctive goods like antiques and original artwork. Rarible uses two NFT token standards: ERC-721,…
Full definition of Rarible NFT MarketplaceREKT
Rekt is a slang term derived from the English word ‘wrecked,’ which means something that has been entirely damaged. Rekt may be used in the same context as ‘wrecked’ to mean something has undergone severe damage and is obliterated.
Full definition of REKTS
Solana in NFTs and Web3 Development
Solana is an open-source network founded in 2017 by a seasoned investor and software engineer named Anatolyy Yakovenko. The blockchain was built by Solana Labs, a software company based in the United States of America. Solana Foundation, a nonprofit entity based in Geneva, Switzerland, coordinates its ongoing projects and developments.
Full definition of Solana in NFTs and Web3 DevelopmentStablecoins
A stablecoin is a utility token built on another coin's Blockchain. The main objective of stablecoins is to provide the cryptocurrency ecosystem with a digital asset that is not volatile and does not fluctuate in value. Stablecoins offer convenience, security, and privacy of crypto and, at the same time, offer stability and trust of fiat.
Full definition of StablecoinsSweeping the Floor in NFT
Sweeping the floor in NFTs refers to purchasing NFTs at their floor prices. What is the floor price? NFT floor price is the lowest price to buy a particular NFT. It is the lowest price offered by the NFT seller.
Full definition of Sweeping the Floor in NFTT
Tezos
For Non-Fungible Tokens, Tezos has become one of the most widely used blockchains worldwide (NFTs).
Full definition of TezosThe Polygon Network
Polygon conveys the concept of a 'network of many unique chains.'
Full definition of The Polygon NetworkThe Secondary Market
The secondary market allows artists to earn passive income through royalties and this is continuous even after the asset is minted out. Most artists never see a penny when their work is resold, even those whose works command astronomical prices and have thriving secondary markets. However, NFTs changed all that.
Full definition of The Secondary MarketTokenomics
Tokenomics is a mixture of two words, Token and economics, which refers to a crypto project's supply and demand features. In layman's language, the given denomination explains the practical applicability of a token in economics.
Full definition of TokenomicsU
Utility Token
A utility token is a special type of digital asset that is mainly aimed at raising funds needed to develop a crypto project.
Full definition of Utility Token