What are some lesser-known NFT slang terms that traders use to communicate?

3 answers

• Paul ViennaMay 05, 2021 · 5 years ago
  Sure, here are some lesser-known NFT slang terms that traders use: 1. PFP: It stands for Profile Picture. Traders often refer to NFTs that are used as profile pictures as PFPs. 2. Mooning: This term is used when the price of an NFT or a particular cryptocurrency rises rapidly. 3. HODL: It means to hold onto an NFT or cryptocurrency instead of selling it, even during market fluctuations. 4. Rug pull: This term refers to a situation where the creators of an NFT project exit scam and disappear with investors' funds. 5. Minting: It is the process of creating a new NFT. 6. Whitelist: A list of individuals who are given priority access to purchase limited edition NFTs. 7. Gas fees: The transaction fees required to perform actions on the blockchain, such as buying or selling NFTs. I hope you find these terms helpful in navigating the NFT market!
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• Rana KhanMay 30, 2021 · 5 years ago
  Yo, here are some lesser-known NFT slang terms that traders throw around: 1. PFP: It's short for Profile Picture. People use it to talk about NFTs used as profile pics. 2. Mooning: When an NFT or crypto's price shoots up like crazy, it's mooning. 3. HODL: It means holding onto your NFT or crypto, no matter what the market does. 4. Rug pull: When the creators of an NFT project scam everyone and vanish with their money. 5. Minting: Making a new NFT, bro. 6. Whitelist: A VIP list that gets first dibs on limited edition NFTs. 7. Gas fees: The fees you gotta pay for doing stuff on the blockchain, like buying or selling NFTs. Hope these terms help you navigate the wild world of NFTs, my friend!
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• user23087860Sep 03, 2022 · 3 years ago
  Certainly! Here are some lesser-known NFT slang terms that traders use: 1. PFP: It stands for Profile Picture. Traders often refer to NFTs used as profile pictures as PFPs. 2. Mooning: This term is used when the price of an NFT or a particular cryptocurrency rises rapidly. 3. HODL: It means to hold onto an NFT or cryptocurrency instead of selling it, even during market fluctuations. 4. Rug pull: This term refers to a situation where the creators of an NFT project exit scam and disappear with investors' funds. 5. Minting: It is the process of creating a new NFT. 6. Whitelist: A list of individuals who are given priority access to purchase limited edition NFTs. 7. Gas fees: The transaction fees required to perform actions on the blockchain, such as buying or selling NFTs. I hope you find these terms useful in the NFT market!
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