Crypto & NFT Terminology

Some frequently used terms used on Crypto % NFT Twitter and their meanings:

1. GM- Good Morning
2. GN- Good Night
3. Ser- Sir
4. Fren- Friend
5. GMI- Gonna Make It
6. NGMI- Not Gonna Make It
7. WAGMI- We Are Gonna Make It
8. FUD- Fear, Uncertainty and Doubt
9. To The Moon- When a cryptocurrency/coin will go up in value, to the moon is metaphorically speaking
10. FOMO- Fear Of Missing Out
11. ATH- All Time High
12. ATL- All Time Low
13. Bullish- Expectation that a coin / NFT will go up in value
14. Bearish- Expectation that a coin / NFT will go down in value
15. HODL- Holding a coin / NFT for long term gains through losses or highs.
16. Fiat- Government issued currency such as USD, Pounds and Euros
17. DYOR- Do Your Own Research
18. WL- Whitelist
19. Shill- The act of promoting coins/NFTs
20. Dump- The act of selling a coin
21. Airdrop- When a coin/token gets dropped to a person's wallet for free
22. Ape in- The act of purchasing a NFT or a coin
23. Degen- A person who purchases coins and/or NFTs without much/any prior research
24. DAO- Decentralized Autonomous Organization
25. Diamond Hand- A person who does not sell their NFT or coin despite it losing value
26. Paper Hand- A person who sells their NFT or coin too soon, or as soon as the value drops a little
27. Flipping- refers to buying items at low prices and selling them quickly for a profit
28. Floor Price- The lowest entry price listed for a NFT project
29. NFA- Not Financial Advice
30. Rug Pull- refers to a scenario when a team behind a seemingly authentic NFT project abandons it and runs away with investors’ funds.
31. Secondary Market- After an NFT is minted, it can be sold or purchased on the secondary market, such as LooksRare
32. Whale- A person who has a lot of holdings in a NFT or coin.
33. Minting- The process by which an NFT becomes part of the blockchain. Once an asset is put on the blockchain, it is “minted” as a token and cannot be altered.
34. Blue Chip- Well known projects with not a lot of volatility
35. Bridge- The process of transferring of tokens and/or arbitrary data from one chain to another for a fee.
36. CT- Crypto Twitter
37. DEX- Decentralized Exchange
38. CEX- Centralized Exchange
39. DeFi- Decentralized Finance
40. Devs- Developers
41. Doxxed- When the identity of an anonymous developer, project founder or creator is revealed.
42. ICO- Acronym for Initial Coin Offering. It is an unregulated funding method, where the development team for a new cryptocurrency sells digital assets to early adopters.
43. VC- Venture Capital
44. KYC- Know Your Customer. Process in which companies verify their users’ identities by requesting a series of personal information (e.g. passport/government-issued IDs)
45. IDO- Initial Dex Offering. In IDOs, new NFTs or tokens are launched via a decentralized liquidity exchange as a fundraising method for upcoming crypto or NFT projects.
46. L1- Refers to a base blockchain network and it's underlying structure. (eg. Ethereum, Bitcoin)
47. L2- Layer 2s are scaling solutions that operate on top of an underlying blockchain protocol (e.g. Ethereum) to improve its scalability and efficiency.
48. MEV- Maximal Extractable Value (formerly Miner Extractable Value)
49. Multisig- Multi-Signature Wallet, It is a wallet that requires more than one signature for a transaction for moving funds for additional security.
50. Pump and Dump- When a person buys a whole lot of a coin and promotes it to drive it's price higher, then sells it for a very big profit, causing loss for other people.
51. Roadmap- A set of goals/achievements for a coin or NFT project which they work hard to reach
52. Seed phrase- The 12/24 word phrase which is used to access crypto wallets
53. Tokenomics- A word coined by combining “token” and “economics”. Tokenomics include statistics, quality and data of a token that may interest investors.
54. Web3- An idea/vision for a new iteration of the web based on a decentralized online ecosystem powered by blockchain technology
55. DApp- Decentralized Application