NFT, Web3, Metaverse Glossary

# A B C D E F G H J K L M N O P Q R S T U V W Y Z


What is 1/1 of x?

Learning crypto slang is one of the biggest hurdles that crypto newcomers have to overcome, and finding quick, clear definitions can be challenging. This is especially true when crypto Twitter or your favorite Bitcoin forum comes up with new terms at a rapid-fire pace.

What is 1:1 Art?

As digital collectibles, NFTs are sought-after and valued because they’re rare. While most NFTs exist as a series of several digital pieces, there are also 1:1 NFTs – one-of-a-kind, unique digital collectibles. One of one pieces tend to command higher prices because of their rarity.


What is Ape in Crypto?

There’s been a lot of online hype about the Bored Ape Yacht Club, but there’s also plenty of advice on crypto market forums to avoid being an “ape”.

What is Art Blocks (NFT)?

To the average person, the idea of a digital art piece going for millions of dollars might sound ridiculous. However, crypto enthusiasts understand that, amidst the growing NFT boom in the blockchain arena, top-dollar items are more common than ever.

What is Ada Cardano?

ADA, run on the Cardano blockchain, is one of the biggest cryptocurrencies outside of Ethereum and Bitcoin. In fact, ADA is frequently seen in the list of top three crypto market caps behind the two major players.

What is Airdrop in Crypto?

If you’ve casually browsed crypto communities online, you’ve probably seen startups advertising “free” airdrops of digital assets (like non-fungible tokens or NFTs) or even a few tokens of their new native cryptocurrency.

What is AMA in Crypto?

Many crypto communities on Reddit, Discord, and other social media platforms hold frequent AMA sessions for their members. But just what is an AMA and what can you get from attending AMA sessions?


What is BTD or BTFD?

If you’re a crypto investor, you’ve undoubtedly heard the words “buy the dip” a thousand times before, especially when a coin’s price drops. But what does it mean to buy the dip – and is it a good idea?

What is Binance Smart Chain (BSC)?

Cryptocurrency and decentralized finance is all the rage right now, which means more would-be investors are participating in the various trading platforms and crypto day trading. As a result, trading volume has skyrocketed, leading to a massive scalability problem within decentralized exchanges.

What is Bot in Crypto?

Crypto trading can feel like an arcane and intimidating concept to the average person. This is especially true when enthusiasts often have complicated multi-screen setups displaying all the major cryptocurrency exchanges.


What is a Crypto Developer?

When you want updates on blockchain projects, it’s typically the devs who answer your questions and provide information on blockchain features. But what are devs, and why are they so important in the crypto space?

What is a Copycat in Crypto?

In the crypto world, there are a lot of slang terms used to describe different things. If you’re new to all this, it can be a bit confusing. There are terms that may sound like a foreign language to a newcomer – rekt? wen lambo? HODL?


What is a Dutch Auction (NFT)?

Digital marketplaces offer several ways to buy NFTs – you can either buy them directly or participate in an auction for a chance to purchase an NFT. One of the most popular types of auctions in the NFT space is the Dutch auction.

What is DYOR?

Most crypto advice posts or videos end with a “DYOR” from the poster. No, not the luxury fashion brand. So what does DYOR mean, anyway?

What is Discord?

Crypto newbies may be confused when they see forum posts that recommend you check out a Discord server. In the past few years, this platform has become popular for esports communication, talking about the crypto market’s latest news, or even simply hanging out remotely with large groups.

What are Diamond Hands?

Many people say that having diamond hands is one of the best traits to have as a crypto investor. But just what does that mean, and why is it a good thing? Read on to find out all that you need to know about diamond hands – and how to get them!

What is Delist NFT?

Non-fungible tokens, or NFTs, are digital assets that get listed and traded on alternative marketplaces. Like any other (non-crypto) digital exchange, users can browse through thousands of NFTs and purchase one from a listing ⁠– this also means they can get delisted, too.


What is ETH?

ETH is widely used in crypto markets for purchasing tokens, paying gas fees, and investing in crypto assets. But what is ETH, and is it the same as Ethereum? How does it differ from Bitcoin?


What is FUD in Crypto?

Online forum members often warn nervous investors not to give in to “FUD” when investing in crypto. But what is FUD, and why does it plague crypto markets?

What is FML in Crypto?

When prices start to fall or a crypto venture goes bust, you may find some crypto investors saying “FML” on Twitter or Discord. What does this acronym mean?

What is Fomo in Crypto?

Many of us may know what FOMO means when it comes to hanging out with friends or missing events. But what does FOMO mean to the crypto community?

What is Floor Sweeping?

If you’ve dipped your toes into the cryptocurrency world, you’ve undoubtedly heard some crypto terms being thrown around. From “hodling” to “getting rekt”, it can be tough to keep up with all the lingo.

What is Floor is Lava?

The world of decentralized finance has its fair share of crypto slang, and one of the most common terms is “the floor is lava”. While they share the same name, however, this has nothing to do with the classic kids’ game.

What is Floor Price NFT?

Many people think NFT trading is simple. After all, all you need to do is press buy, collect your primary purchase, and sit back as your bank account expands, right? Wrong.


What is GWEI in Crypto?

The world of cryptocurrency and blockchain platforms can seem pretty complicated when you’re first starting out, especially when you encounter a seemingly endless string of crypto slang.

What is GMI in Crypto?

Blockchain technology and cryptocurrency is more popular than ever, and that means crypto Twitter is abuzz with its ever-growing list of popular slang. At the forefront of buying and selling NFTs is the term “GMI”, which is a response to the unpredictable nature of the crypto market cycle.

What is GM in Crypto?

It’s common to see crypto Twitter users or forum members post or send messages saying “GM”. Curiously, the usual responders to “GM” are also blockchain technology enthusiasts.

What is Gas Fee?

Crypto investors are often heard complaining about the cost of gas for minting digital artworks into NFTs. They may also compare gas fees, or talk about waiting for gas prices to go down.


What is HODL?

In the distant past of 2013, a user called GameKyuubi typed out a drunken post onto a Bitcoin forum entitled, “I AM HODLING”. It was a typo-filled rant, bolstered up against the age-old strategy of buying and holding, that soon became one of the biggest memes in the cryptocurrency realm.


What is IYKYK?

While browsing Discord channel posts or talking to people on crypto spaces, you may have seen the acronym “IYKYK” being used. What does it stand for, and why is this acronym being used as a signal between crypto enthusiasts?

What is IPFS?

Today, there are billions of Internet users using web and mobile applications for communication, entertainment, or even informational purposes – making access to content and services necessary for the vast majority of people.

What is IRL?

“IRL” stands for “in real life”. It refers to our physical lives in the offline world. This term is used to distinguish real-life events, things, and places from our online life on platforms like Discord, Twitter, and Instagram.

What is Immutable X?

NFTs, or non-fungible tokens, are extremely popular because of the value locked behind blockchain assets. Industry titans, celebrities, and regular everyday folks are all trying to jump in on the newest tech craze to make their fortunes by trading and creating NFTs.



What is KOL?

Today, there are over ten thousand crypto tokens collectively worth over a trillion dollars on the market. With the strong potential for profit and the market’s volatility, investors look to KOLs for insights about crypto companies and the future of blockchain technology.


What is Looks Rare in Crypto?

Rarity is one of the most important things in NFTs because the rarer the piece, the more expensive it becomes. However, you shouldn’t take everyone at their word when they say an NFT “looks rare”. Sometimes the term “looks rare” is used ironically or sarcastically for pieces that are actually cheap.

What is Larva Labs?

Larva Labs is probably one of the best-known names in the crypto community. But who are Larva Labs and what has this team done? Read on for a complete guide to everything you need to know about Larva Labs!

What is LFG?

When the crypto community gets excited about new market developments, you’ll see a lot of forum posts declare, “LFG!” But what does this acronym mean, and why does it show up in so many online messages and Tweets?


What is Multisig?

Most cryptocurrency wallets are single-signature, which means it only needs one person to sign off on a transaction. While this may be fine for individual wallets, corporate or organization wallets may take on too much risk by solely depending on one person – thus the need for multisig wallets.

What is Mooning in Crypto?

“To the moon” is one of the most commonly-heard phrases in the crypto community, and it’s always a cause for celebration whenever it does happen. But what does the moon and “mooning” have to do with cryptocurrency?

What is Moonboy?

When a crypto token’s price goes to the moon, this means it’s going up in value – generally a positive thing. So, why is it that when someone is called a moonboy in the crypto space, it seems to have a negative connotation?

What is Moon in Crypto?

When an initial coin offering looks promising, you may see online communities say that its current price will “go to the moon”. But what does this mean for the crypto coin’s value, and will a coin that’s gone to the moon be able to go there again?

What are Mods in Discord?

For NFT noobs, one of the best ways to quickly immerse into the world and learn more is by joining a Discord group. In the NFT space, Discord servers have become places for NFT projects to create communities for interested traders and holders to gather, discuss, strategize, and trade.

What is Minting?

If you’ve heard of crypto-assets called NFTs, you’re probably aware of how popular they are in the blockchain space. From Bored Ape Yacht Club to Squiggles NFTs, these art projects go for thousands of dollars on the secondary market and attract new investors.


What is a Noob in Crypto?

Like the term “rekt”, “noob” is a slang term that originated in the gaming world to describe someone who is new or inexperienced in a certain game. Today, the word has crossed over into the online lingo of cryptocurrency enthusiasts, who use the term to describe newcomers to the crypto and NFT space.

What is NGMI in Crypto?

Despite being around for just a few years, the crypto community has developed an entire lexicon of slang terms. Some slang terms are meant to be encouraging, such as the term “WAGMI”, which is short for “we’re all gonna make it”.

What is Not Financial Advise?

If you’ve been running in the cryptocurrency space for a while, you’ve probably seen people giving tips or insights about certain crypto assets but end their post with “Not financial advice”.


What is Opensea?

NFTs, or non-fungible tokens, comprise some of the most valuable digital assets currently available on the net. Projects like CryptoPunk and Bored Ape Yacht club represent the cream of the crop, with crypto market investors trading them for thousands of dollars at a time.

What is OG in Crypto?

If you’re a Bitcoin newbie, you might have trouble deciphering sentences riddled with acronyms. MM, HODL, AUR, BHC, and OG are all slang terms you’ll see on crypto Twitter – but what do they all mean?


What is Probably Nothing?

When crypto enthusiasts say, “probably nothing” after some news, everyday people may be surprised at how they suddenly treat it like it’s a big deal. What does the slang term “probably nothing” mean, and when do crypto traders use it?

What is P2E Blockchain Games?

P2E games have become a big part of both the gaming community and blockchain development. Through blockchain-based game platforms, devs have given dedicated players a chance to earn crypto rewards that can be converted into real-life money.

What is PFP?

If you spend a lot of time on Twitter, you may have noticed a surge in folks using illustrated avatars as their profile picture (PFP). Sometimes, you’ll even notice that their profile pic appears as a soft hexagon instead of Twitter’s usual circle – a unique feature that Twitter has rolled out exclusively for NFT holders.

What is Paper Hands?

When stock prices or crypto prices go up, holders rejoice and anticipate big rewards when they finally cash in. But as these coins continue to go up in value, you may see some posts making fun of those who gave up and had “paper hands”.



What is a Rug Pull?

Imagine this. You spot a new token on the market. It has a lot of hype, so you and a lot of others buy in, hoping that the devs can live up to it. Then the token’s value drops to zero, the devs are gone, the Discord server is silent, and you’re out a whole bunch of money.

What is Right Click Save As?

When people make fun of NFTs on Crypto Twitter, one of their go-to phrases is “I can just right-click and save as”, meaning they can also “own” an NFT simply by saving the image. So, where did this meme come from and why is it so prevalent?

What is Reveal in Crypto?

Have you seen the term “wen reveal?” before? If you have, chances are that the person who said it was an NFT trader.

What is REKT?

Most gamers have deployed the term “rekt” as a crushing blow to a player who’s been completely obliterated by their opponent. But what does “rekt” mean in cryptocurrency slang?

What is NFT Raids ?

Rolling Stone magazine said that “community is the secret to NFT success”. This is evident in how NFT creators, holders, and crypto enthusiasts have all rallied together behind a project they believe in and campaigned for it via an NFT raid.


What is a Stablecoin?

If you’ve dabbled in cryptocurrency, then you may have heard the term “stablecoin” – or maybe you’ve even bought some. But what is a stablecoin and what is it good for? Read on for a complete guide on what stablecoins are and what their purpose is!

What is a Soy Boy?

You may have heard the term “soy boy” being thrown around in crypto spaces. As it turns out, soy boy is an insult targeted at weak-minded crypto investors.

What is SOL in Crypto?

Like Bitcoin and Ethereum, Solana (or SOL) is a digital currency that exists exclusively online. Initially released in 2019, a single SOL coin now trades for up to $200.

What is NFT Shilling?

When new crypto assets for art come out, crypto enthusiasts start talking about keeping an eye out for NFT shilling. But what is NFT shilling, and what does it have to do with promotional content on social media platforms?

What is an NFT Secondary Market?

NFTs (Non-Fungible Tokens) have internet investors in a frenzy, with many cryptographic assets going for exorbitant prices in the crypto art space. However, it isn’t the blue-chip artists who set these eye-popping prices – instead, secondary sales continue to hold and inflate the base price on secondary markets.




What is Vaporwave in Crypto?

When a new crypto or NFT project launches, some people tend to be wary that it could be vaporware. But what is vaporware, and why is it a bad thing?


What is WETH?

You may have heard of ETH a.ka. Ether a.k.a the native currency of Ethereum, a decentralized, open-source blockchain platform. But what in the world is WETH? And how does it affect Etherium holders?

What is a CryptoWhale?

When talking about crypto, you may have heard talk about what the whales are doing or seen someone complain that whales get all the good NFTs.

What is Wen Moon?

If you’re a bitcoin or cryptocurrency holder, you may have heard the term “wen moon” thrown around lately. But what does it mean?

What is Wen Lambo?

The cryptocurrency community is a welcoming one, but it’s also sprouted its own evolving language that, to newcomers, may seem completely alien at first.

What is WAGMI?

Like any growing group, the crypto community has its own language. Hop onto any crypto space like crypto Twitter or an NFT Discord server and you’ll find unique terms like “wen lambo”, “ape in”, and “WAGMI”.


What is Yolo in Crypto?

Whether it’s from other people who are into crypto or via Drake or Lonely Island, it’s near impossible to be in crypto (or the world at large) without hearing someone say YOLO.