Are there any specific slang phrases used by NFT collectors and investors?

3 answers

• Chad MoonJun 28, 2021 · 5 years ago
  Absolutely! NFT enthusiasts have their own unique jargon. One popular phrase is 'moon' which refers to a rapid increase in the value of an NFT or cryptocurrency. Another term you might hear is 'HODL', which stands for 'Hold On for Dear Life', and it means to hold onto your NFTs or cryptocurrencies despite market fluctuations. Additionally, 'rugging' is a term used to describe when a scammer pulls out liquidity from a token, causing its value to plummet. These are just a few examples of the slang phrases used by NFT collectors and investors.
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• Sneha KunduMar 21, 2024 · 2 years ago
  Oh yeah, NFT collectors and investors have their own language! 'PFP' is a common acronym that stands for 'Profile Picture'. Many collectors use this term to refer to NFTs that they use as their profile pictures on social media platforms. 'Whale' is another term you might come across, which refers to individuals or entities with a large amount of NFTs or cryptocurrencies. And let's not forget 'minting', which is the process of creating and issuing new NFTs. These slang phrases add a bit of flavor to the NFT community.
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• MahdiSep 11, 2021 · 4 years ago
  Definitely! NFT collectors and investors have a whole vocabulary of their own. 'BYDFi' is a term you might hear, which stands for 'Buy Your Dream Financial Independence'. It's a popular phrase used by a digital asset exchange that aims to empower individuals to achieve financial freedom through NFTs and cryptocurrencies. Other common phrases include 'DYOR' (Do Your Own Research), 'FOMO' (Fear Of Missing Out), and 'NFT drop' (the release of new NFTs). These slang phrases reflect the excitement and unique culture of the NFT space.
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