Terminologies
A more extensive list for Common Terminologies used in communities and not just for selling your NFT.
- GM: Good Morning.
- GN: Good Night.
- NGMI: Not going to make it.
- GMI: Going to make it.
- WAGMI: We're all going to make it.
- DYOR: Do your own research.
- FOMO: Fear of missing out.
- FUD: Fear, uncertainty, and doubt.
- HODL: Hold on to dear life (Keep your NFT and not sell it).
- Rekt: Someone who lost a lot of money from a bad trade.
- PFP: Profile Picture.
- Paper Hands: People who quickly sell their NFT(s) asset.
- Diamond Hands: People who hold NFT(s) for a project long term through its up and down prices.
- Whale: Someone who has a lot of ETH and purchasing a large number of assets.
- Bag: NFT assets a person holds.
- Bagholder: An investor who holds for too long that the asset's value dropped. huge loss
- Shitcoin: A crypto currency with no value or purpose.
- Memecoin: Cryptocurrency based on a meme.
- Apeing In: Spending a lot of ETH for a project.
- Pumping: Raising an NFT asset price quickly.
- Pump and dump: Buying a large amount of NFTs from a project to inflate its price, then resell them at peak to make quick money.
- Alpha: The intel someone posesses that no one has found out yet.
- Floor: Lowest price available in a project.
- Sweep the floor: Buy all the NFTs at floor price to raise the project's price immediately.
- Flex: Show off.
- Wen: When.
- DAO: Decentralized autonomous organization = a community with a shared bank account.
- Ser: Sir.
- Probably Nothing: The phrase is used sarcastically.
- Fren: Friend.
- McDonalds: Backup plan for when we NGMI.
- Generative Art: Art created algorithmically on the blockchain when minted using a specific set of assets.
- Looks Rare: Rarity is important in NFT, this phrase is used sarcastically.
- IRL: In Real Life.
- Liquidity: Available ETH to buy NFTs.
- Lambo: Become rich.
- Wen Lambo?: When are we going to get rich?
- No-coiner: People who are skeptical of crypto or don't have any coin.
- Noob/Newb: Inexperienced people.
- LFG: Let's f*cking go.
- Gas wars: Large number of people minting same project causing gas to increase significantly.
- Ded: Dead.
- Rug: Creators running away from a project.
- Derivative: Fanart.
- OG: Original gangster People who are early.
- Seems legit: Has excellent prospects.
- NFA: Not financial advice.
- Airdrop: Owner sends free NFT to someone.