MHOUSE DICTIONARY
Crypto and NFT Slang Terms
Defining Web3 Culture
The most comprehensive web3, NFT, crypto and DeFi slang terms dictionary in the metaverse.

- 1/1Shorthand for One-of-One. A unique piece of art. In traditional art, Rembrandt’s Nightwatch is a 1/1. Many Beeple and XCOPY pieces are one of ones. They generally differ from a 10k PFP project(...) Read More
- 2FAShort for 2-factor authentication. This is an extra security step, in addition to username and password, used to log in to (web2) websites and services. It is usually in the form of a code that(...) Read More
- 10k PFPShorthand for 10,000 Profile Picture. This term is used to describe an NFT collection of 10,000 or similar numbers of (8,888 are also popular) images designed to be used as profile pictures on(...) Read More
- ABArt Blocks is a platform founded by Erick Calderon / Snowfro and is one of the OG leaders in generative art, which is art made using mathematical algorithms. All ArtBlocks releases store the(...) Read More
- ADATicker symbol for the Cardano blockchain. Not much more to say about this as nobody knows what exactly the Cardano project does apart from running a huge YouTube channel. Read More
- AFAn abbreviation of "As [email protected]#k". Can be added to the end of any statement for emphasis. Read More
- AFAICT
- AFAIK
- AirdropCoins or tokens that are "dropped" into users wallets without any action on the users part. Similar to food being airdropped from helicopters, free money (or sometimes a scamcoin... beware!) is(...) Read More
- All-InA poker term that found its way into common speech and crypto. Means all your chips / money / tokens / coins are fully invested. You can be all in on a coin, all in on a sector or all in on(...) Read More
- AlphaA term from trad-fi also used in crypto, meaning a piece of knowledge that is new or not common knowledge, very often that can give a trader an edge in the market Read More
- Alpha Leak
- Altcoin
- Altseason
- AMAAsk Me Anything. Usually, an online event where a person of note will spend a given amount of time and take any questions the public will throw at them... hence the name! Read More
- AMMAutomated Market Maker - Theorised by @vitalik and pioneered by @uniswap, AMM were one of the groundbreaking introductions that kicked off DeFi summer and DeFi itself by making DEXs possible.(...) Read More
- ANON
- ApeA reference to anthropological studies of primates and humans that show their genetic predisposition to follow the crowd, particularly when in an excited emotional state. The actions observed(...) Read More
- Assets
- ATHAll Time High. The highest price an asset has reached in the past. The pre-cursor to price discovery… where we all get rich af. Read More
- Bag HolderA person that is holding a "bag" of a particular cryptocurrency and has held it perhaps from ATH down to close to zero. They are at a point where they can hardly sell it due to the immense(...) Read More
- BasedCool, epic, awesome. Often, but not always, in a rebellious middle finger to the establishment way. Read More
- BAYCBored Ape Yacht Club - the one NFT that everybody wished they had bought. One of the earlier 2021 10k PFP projects, billed as the "Cryptopunks for people that could not afford cryptopunks" that(...) Read More
- Bear MarketA legacy trad-fi term describing a period when the market goes down.... or even worse goes sideways in a crab market while pretending to go up but over time generally goes down. Bear markets or(...) Read More
- Bear Trap
- BearishThe way a bear market makes you feel, speak or act. Read More
- Bearwhale
- Beta
- BitcoinA Peer-to-Peer Electronic Cash System. The OG crypto coin created by Satoshi Nakamoto in the seminal white paper of 2008. "If you don't believe it or don't get it, I don't have the time to try(...) Read More
- Bitcoin MaxiA person that believes Bitcoin was the peak of the cryptocurrency evolution and everything that came after it is a scam and a shitcoin and owners of non-bitcoins are complete idiots and(...) Read More
- Bitcoin Pizza
- Block
- Block ExplorerA web interface that allows users to query the contents of the blockchain, like a search engine for the blockchain. Information on the blockchain can be searched like transactions and addresses(...) Read More
- BlockchainA distributed ledger technology created by Satoshi Nakamoto in the Bitcoin whitepaper. Many blockchains exist now such as Bitcoin, Ethereum, Avalanche, BSC etc Read More
- Boomer
- Bot
- BountyA throwback to wild west days when bounties were offered for catching/killing criminals or ethnic minorities. These days they are offered for bugs in code, of which there is an abundance in(...) Read More
- BridgeA service that facilitates the transfer of coins or tokens from one L1 blockchain to another or from L1 to L2. For example from Ethereum to BSC or from Avalanche to Fantom. Read More
- BSCBinance Smart Chain, also known lovingly as Binance Scam Chain. A "decentralised" chain created by the family run Binance exchange. Jokes aside, this was actually called Ce-De-Fi by CZ... which(...) Read More
- BTC
- BTD
- Buidl
- Bull MarketA period when the markets are going up. A term from legacy finance and originating from the idea of the herd of bulls running that cannot be stopped. A symbol of strength and a force that cannot(...) Read More
- Bull Trap
- Bullish
- Burn
- Buying on SecondaryAn NFT term that relates to the period after the mint. Typically, NFTs are minted for the first time from the smart contract in a mint event. Then when all NFTs are claimed or minted, they can(...) Read More
- Cappin
- Caretaker
- Cash Grab
- CeFiThe alternative to DeFi, decentralized finance. Centralised finance includes old school or trad-fi institutions like JP Morgan, Merill Lynch as well as newer centralized crypto exchanges like(...) Read More
- CentralisedWhere a service is provided by a business running a central order book, hosting on central servers and generally run by one or a small group of individuals with decision making power. The(...) Read More
- CEX
- Chad
- CMA community manager is a team member who looks after communication and engagement strategies for a project within their online communities. Usually, teams will have multiple CM's with different(...) Read More
- CodeGrind
- Cold WalletA cold wallet, also known as a hardware wallet, is a physical device (usually resembling a USB stick) that is used to store your private keys completely offline - imagine it as your own private(...) Read More
- Collateral
- Collection
- Collector
- Consensus MechanismThis is the method by which a blockchain decides on a single state of the network as well as which transactions and blocks to add to the chain. Because blockchains are operated by a large number(...) Read More
- Conviction
- COPEUnsuccessfully dealing (or pretending to be ok) with missing out on an opportunity because of a terrible decision. Read More
- Copycat
- CopypastaOh… what would crypto twitter be without copypasta. We come for the riches but we ultimately stay for the entertainment. Copypasta certainly provides the latter. When some (semi-) famous person(...) Read More
- Cozomo de’ Medici
- Crab Market
- Crash the BlockchainWhen an influencer comes into the NFT space and launches a project, they may claim that they can crash the blockchain. LOL. Read More
- Creator
- Crypto Community
- CryptocurrencyA bankless digital currency that runs on a distributed public ledger and enables anyone anywhere to send and receive payments without reliance on a central authority (such as a bank or government). Read More
- CryptoPunksThe original, OG 10k PFP project. Created by LarvaLabs in 2017, cryptopunks is generally recognised as the first generative collection of NFTs. They are 24 x 24 pixels that are an homage to the(...) Read More
- CTA sub-section of Twitter used by the Crypto community. Many people make a new Twitter account specifically for CT to stay on top of crypto news, follow influencers and network with others in the(...) Read More
- CZChangpeng Zhao is the founder of the popular crypto exchange, Binance. CZ reminds us of the pirates of the carribean that stuck their middle fingers up at every member of the establishment. CZ(...) Read More
- DAO
- dAppA dApp is a software application that is built on a decentralised network (e.g. a blockchain) and is a combination of a front end user interface and a smart contract. Read More
- Data
- DecentralisedA way of operating without being governed by a central authority. Instead, the system is spread across multiple points of authority. For example, a peer-to-peer network. Read More
- Ded
- DeFiThe recreation of traditional financial services like borrowing and lending in a permissionless manner on decentralised blockchains. Only code and logic decide what happens e.g. how much you can(...) Read More
- DegenAn affectionate and self-assigned term that members of the crypto world refer to themselves and others. Even though it stems from Degenerate or Degenerative Gambler, it is generally used as a(...) Read More
- Delist
- Devs Do Something
- Diamond HandsA collector with diamond hands is able to resist panicking and hold onto an investment even when the price dips...believing that the price will rebound. Their hands are strong and tough as(...) Read More
- Digital Collectibles
- Dildo
- Dip
- Discord
- Dog Coins
- DOGE
- Dolphin
- Down OnlyThe opposite, but more rarely used, version of Up Only. That period in a market where everything seems to only go down. See also Bear Market and Bera. Read More
- DoxThe act of revealing your own or someone else's identity online. Originates from the act of publicly sharing documents (or docs) online. Back in the real hacker days, a computer may be hacked(...) Read More
- Drippy
- Drop
- Dutch Auction
- DYORDo Your Own Research. A term used as a generic disclaimer by anyone when discussing or recommending certain coins, NFTs or anything else in life. Very often people will shill absolute crap and(...) Read More
- EIP
- EIP-1559
- ERC
- ERC-20
- ERC-721
- ERC-1155
- ETHETH is shorthand for Ether. It is the second largest digital currency by market cap apart from Bitcoin. It's common for noobs to mix up Ethereum and ETH. Ethereum is the blockchain while ETH is(...) Read More
- EthereumEthereum isn't a cryptocurrency. It also isn't just a passion project of one introverted boy who had always been good at math. Ethereum is the blockchain behind the cryptocurrency Ether (ETH)(...) Read More
- Exit Liquidity
- F in the ChatAgain, from the gaming world coming to crypto. To pay your respects. This originated when Call of Duty asked players to press F on their keyboard to “pay respects” to virtual fallen players. Read More
- Fan TokenA fan token is a cryptocurrency created by an individual or group with an audience, often a sports team, that allows its holders participation in the team's governing activities while gaining(...) Read More
- Fanboy
- FarmCrypto farms are banks of computers that mine, or create, crypto tokens. To be more environmentally friendly, they are often powered by the by-products of fossil fuel production. These farms(...) Read More
- Fat Fingered
- FaucetFaucet comes from a word for water tap sometimes used in the US. In crypto it is a service that dispenses free cryptocurrency. Don't get too excited, it is usually for a test network like(...) Read More
- FCFS
- Few
- FiatA term for traditional money issued by nation states in modern times which is backed by neither gold, silver nor any other item and has no intrinsic value other than the authority of the state.(...) Read More
- Fish
- FlexShow off your wealth or general dominance in an ostentatious way. Read More
- FlipTo buy and sell something in true Arthur Daly fashion. Read More
- Flippening
- Floor is LavaWhen an NFT project’s floor is being bought up quickly and the cheapest price is rising fast, the floor is lava. This can occur from massive whale sweeps or a mention on @garyvee’s podcast. Read More
- Floor PriceThe lowest price of an NFT within a collection that’s available to buy. Can be a good metric for the health of a project. Read More
- Floor Sweeping
- FMLFuck my life. Let’s roleplay for a second; You had 2 choices to mint on the day. The one you choose has a bug in the contract and the Devs have disappeared. The other one has mooned and is(...) Read More
- FOMO
- FOMO-in
- FR
- Fractionalise
- FreecoinerIf you receive crypto currency as part of an airdrop, as a gift or by other means, congratulations! You’re now a freecoiner and you can’t lose. Read More
- Fren
- FUDFear, uncertainty and doubt. Used to put downward pressure on the price of a coin or NFT. FUD is often spread about new NFT projects, often unfairly to tank the floor price. This can be done to(...) Read More
- FUDDER
- Fudding Your Own Bags
- Full NodeA full node contains a blockchain’s entire history and verifies transactions for it. Running a full node helps to secure the blockchain for everyone. Read More
- Fungible
- Future of France
- GGangster. A term of endearment. Read More
- Gains
- GasOne of life’s necessary evils. Gas is the transaction fee you pay when interacting with the Ethereum blockchain. If the traffic is high at the time, the fee can skyrocket into $000’s. Read More
- Generative ArtBeautiful code that is randomly generated, created and stored on the blockchain. It looks visually stimulating to all that live inside The Matrix. Read More
- Genesis BlockThe original block of a blockchain network. All other blocks on the blockchain consider this one their grandad. It’s akin to the first brick in a wall. Read More
- Genesis DropThis is the first NFT released by a creator, hopefully to an eager audience who will snap it up quickly. Generally the rarest and most expensive of a collection, hodlers are considered OG. Read More
- GGLike many crypto terms, this originated in gaming culture, and means Good Game. Read More
- GMThe greeting of crypto twitter and NFTers all around the world. Its origins stem from “Good Morning” but it is to be used all times of the day. Became slightly cringe for a period when big(...) Read More
- GMI
- GN
- GOAT
- GOD CANDLEThe largest candle on a crypto trading chart. You don’t want to miss these. Often created by unforeseen events, it the kind of thing that will give you a rise in your pants. Read More
- GrailSomeone’s ultimate NFT. Whether comprised of a particular collection of traits, colours or just something done by an artist. But like the Highlander says “There can only be one”. Read More
- Grind
- GTD
- GTFOGet the fuck out. Could be used positively or negatively. Both variants convey maximum surprise. Read More
- Gwei
- Hard ForkA hard fork splits a blockchain into two but allows both branches to keep working simultaneously. Creating this permanent divergence can help upgrade the blockchain as long as the community all(...) Read More
- Hashing
- HashrateAKA hash power is the rate at which a computer solve complex cryptographic puzzles to mine / create cryptocurrency on a POW blockchain. Can also be applied to a collection of networked, e.g. the(...) Read More
- HENCongrats on stumbling onto one of the lesser known, more random corners of the NFT world. The Hic et Nunc Marketplace on the Tezos blockchain. Don’t know how you got there but enjoy! You’re in(...) Read More
- HFSP
- HODL
- Holding the BagThe Web3 version of being caught with your pants down. When a crypto asset drops value quickly, those left that didn’t sell are holding the bag. Generally worthless now, it’s akin to having(...) Read More
- Honey PotA honey pot is a very sneaky crypto trap. A smart contract looks to have an exploit. Users who discover it look to exploit it but get exploited themselves by the honey pot. Instead of stealing(...) Read More
- Hopium
- Hot WalletA hot wallet is a cryptocurrency wallet that is connected to the internet with the private keys also accessible on the internet. Storing assets in this way can leave them susceptible to a hack.(...) Read More
- ICOICO is the acronym for Initial Coin Offering. It was the fund raising process of choice of Ethereum based blockchain companies in the 2017 bull cycle. To a large extent, it was reliving the(...) Read More
- IDEKI don’t even know. Can often be the answer to why someone degens into something regrettable. Read More
- IDK
- IEOInitial Exchange Offering. When a cryptocurrency exchange releases a token for sale to its members to buy within its platform. The supposed benefit of this is that there is more vetting of the(...) Read More
- Illiquid
- ImmaI’m going to… Read More
- ImmutableOne of the core principles of blockchain technology and NFTs. Immutable means that something can’t be changed, modified or altered after creation. When an NFT is on the blockchain, its(...) Read More
- IMX
- IPFS
- Its Money LaunderingThe battle cry of everyone who doesn’t understand NFTs and gets jealous of the huge gains. The buyer is accused of money laundering, although we all know the blockchain doesn’t lie and is(...) Read More
- IYKYK
- JOMO
- JPEG
- Kevin
- Key
- KLF
- KMS
- KOL
- LarpA fraud, a faker. A person pretending to be someone they are not or to have done something they did not do. Comes from the Live Action Role Play games where people would dress up and act out the(...) Read More
- Larva LabsA New York design studio at the forefront of the NFT world. Creators of @cryptopunks, @meebits and @autoglyphs, their place amongst the Ethereum Hall of Fame is undeniable. Read More
- Laser EyesA bull market condition that Bitcoin maxis seem to contract that alters their Twitter PFP in the hope that $BTC will hit $100k. Generally lasts 1-2 months. Read More
- Layer 1Layer 1 refers to the main layer of a blockchain. Ethereum, Solana and Avalanche are all Layer 1 tokens. Layer 1 blockchains all battle with what @Vitalik called the blockchain trilemma -(...) Read More
- Layer 2Layer 2 is the secondary framework built on top of an existing blockchain. Its main goal is to solve transaction speed and scaling difficulties that Layer 1 blockchains encounter. The Ethereum(...) Read More
- Learn to Earn
- LFGLet’s fucking go. The rallying cry of the crypto community when something is pumping. If this doesn’t motivate you, nothing will. Read More
- Light NodeThe little brother of blockchain nodes, light nodes download just enough data to process and verify transactions. Whereas full nodes store a blockchain’s complete history. Read More
- Liquid
- Liquidity
- Liquidity PoolUsed in AMMs or DEXs like Uniswap, a liquidity pool is, as it sounds, a pool of crypto assets used to facilitate trades. A typical liquidity pool may consist of two assets, e.g. ETH and USDT.(...) Read More
- LMFAO
- Looks RareRarity is important within an NFT collection. However, if someone comments on your newly minted PFP that it “looks rare”, it could be ironically. This may create a flipping desire. It’s also the(...) Read More
- Lurk
- Magic Internet Money
- Mainnet
- Market Cap
- Master NodeA master node is like the hub and overseer of a blockchain. It verifies and relays transactions, stores the blockchain’s history, can help with governance and performs other operations. Running(...) Read More
- Maxi
- McDonalds
- Meat SpaceWhilst most of our time is spent in cyberspace, our IRL bodies occupy the meat space. AKA the real world. Read More
- Meme
- Memecoin
- MempoolShort for memory pool, a mempool is a small database of pending transactions on a blockchain. It can create an agonizing wait, like when you buy an NFT and have to wait for the transaction to(...) Read More
- Meta
- Metaverse
- MEV
- MferA derogatory term, literally meaning "mother f**ker". Also a PFP NFT collection of pencil drawn stick men and women, mostly sitting at computers. Read More
- Mhouser
- MinersMiners are people who use fast computers, often with graphics cards, to mine, or create, a crypto currency like ETH or BTC. Their work secures the blockchain and they get rewarded in tokens for(...) Read More
- MiningContrary to popular belief, crypto mining does not involve a shovel and a pick, rather it’s a competitive process of adding new blocks to a blockchain. Mining allows new tokens to be created(...) Read More
- MOAR
- Mods
- Moon
- MoonboyWeb3 financial experts who live in their parent’s basements and think something is about to “go to the moon”. Moonboys perform technical analysis on crypto charts after watching a YouTube video(...) Read More
- Mooning
- Multisig
- Never Trust, Always Verify
- New CoinerSomeone who has recently made their first purchase in the crypto space is a new coiner. Whilst it is an exhilarating time, they are also susceptible to FUD and being scammed. We were all newbies(...) Read More
- NFAShort for Not Financial Advice. Whenever you are giving someone crypto or NFT advice, you must finish your sentence with NFA. This means you are not responsible for what happens based on the(...) Read More
- NFTA Non Fungible Token is a unique digital asset that exists on a blockchain. On Ethereum, it is created using ERC1155 or ERC721 standard for non-fungible tokens, as opposed to ERC20 standard for(...) Read More
- NFT DomainsNFT domains are minted on the blockchain, such as .ENS or .NFT. They allow the user to set their Web3 username and give them complete ownership of their data. The best use case is that it can be(...) Read More
- NFTer
- NGMIShort for Not Gonna Make It. The opposite to WGMI or GMI, this state of being is to be avoided at all costs. A bad trading decision, whether selling too low or buying too late deserves a NGMI. Read More
- Nick SzaboOne of the founding fathers and pioneers of crypto currency. He developed the concept of smart contracts and created the precursor to Bitcoin called BitGold. If you hold Nick Szabo on your ‘who(...) Read More
- NMPShort for Not My Problem. Especially handy if you gave some advice and followed it up with NFA. After that, it’s NMP. Read More
- Nocoiner
- NodeAny device or computer that connects to a blockchain is considered a node. Each one supports the blockchain by validating transactions that are made. Whilst there is no monetary reward for(...) Read More
- Non-fungibleSomething is non-fungible when it is unique, and not directly interchangeable with anything. That can be due to its properties, production date or any number of unique aspects. A house,(...) Read More
- NonceShort for Number only used once. All blocks within a blockchain feature an encrypted nonce, which is also known as being hashed. Blockchain miners use computers to solve the mathematical(...) Read More
- Noob
- Normie
- Off-chainWhen digital data is stored off a blockchain, for example on a central server, it is considered off-chain. Some NFT projects store the data of their projects this way on decentralised servers(...) Read More
- OG
- On-chainAn on-chain transaction occurs when the blockchain is modified and verified on the public ledger. On chain data is data that is stored on the blockchain, as opposed to centrally or on IPFS. For(...) Read More
- OPOver-powering. When you are so rich and so skilled and so strong and so invincible that resistance is futile. Read More
- Open EditionAn open edition NFT collection has no limit to the amount of NFTs that can be minted. Rather than utilising rarity that 1:1 NFTs or limited edition collections have, this could be a limited time(...) Read More
- OpenseaThe largest and most decentralised NFT marketplace. Opensea has become ubiquitous with NFT trading as the dominant secondary marketspace in the game. Original collections can also be launched on(...) Read More
- P2EShort for Play to Earn games. p2e games are blockchain based games that feature an open economy that uses tokens as rewards. In an ideal world, these tokens can be traded on crypto exchanges and(...) Read More
- P2PShort for peer to peer network, it’s a network of computers that shares and interacts directly without a central server. This can increase security, transparency and control over an action.(...) Read More
- PaperhandsIf you buy an NFT or crypto currency planning to hold it, but sell quickly for a loss at the first sign of trouble, you are deemed to have paperhands. This shows weakness and can be a hard(...) Read More
- PLEBS
- POAP NFTShort for Proof of Attendance Protocol NFT. These can be rewarded to attendees of an event, in the form of a virtual or physical POAP. Utility can be added to them as they are collected. It’s(...) Read More
- PoSShort for Proof of Stake. This is a consensus mechanism for securing and processing transactions on a blockchain and is an alternative to Proof of Work. It requires validators to stake some(...) Read More
- Position
- PoWShort for Proof of Work. First popularised by Bitcoin, PoW is a decentralised consensus mechanism that requires blockchain miners to solve complex mathematical puzzles with computers to verify(...) Read More
- Pre-minePre-mining is when crypto coins or blockchain based tokens are created ahead of a public launch. These can be used as a reward for early investors in a project or as payment from the organisation. Read More
- Price DiscoveryThat beautiful moment when a coin breaks its ATH and enters the rare space known as price discovery. For example, in the 2020-2022 cycle, Bitcoin broke through previous ATH of ±20k and entered(...) Read More
- Private keyIn cryptography, messages are secured by a combination of public and private keys. Your crypto private key is a randomly generated string of letters and numbers, or sometimes in the form of a(...) Read More
- Probably NothingIn the Web3 world, if a significant event happens, it’s ‘probably nothing’. Its proof of how the crypto community is really good at keeping their cool and is extensively used in an ironic way. Read More
- Project
- Proof of SteakAn in-joke for crypto degens. Proof of Steak is a great twitter post to tag with a picture of your steak dinner to your crypto mates. Always hilarious. Read More
- Protocol
- Protocol CoinA protocol coin is native to its blockchain and can be used for transactions on its respective blockchain. It can also be sold on crypto exchanges or used as voting rights in a DAO. Read More
- Public KeyIn cryptography, messages are secured by a combination of public and private keys. Your public key is the address of your crypto wallet. You can share this and other users can send crypto to(...) Read More
- Pump and DumpA pump and dump is a typical scam in the crypto/ NFT world. An asset is hyped up to a fever pitch. Influencers are screaming about it and the FOMO kicks in. The community buy in, raising or(...) Read More
- Raids
- Rarity
- Reaching
- Recovery PhaseAlso known as your seed phrase or secret recovery phrase, this is a set of words that is used to represent your private keys and they authenticate and encrypt your crypto wallet. It is in the(...) Read More
- Rekt
- Reset the RoomWhen it’s all getting out of hand in a Twitter Spaces and the host is losing control, it’s time to reset the room. Read More
- Reveal
- Right-Click, Save AsNormies who don’t understand the transformative nature of NFTs will often claim to ‘right-click, save as’ and steal your NFTs. Whilst they have a small JPEG of your image, they have neither the(...) Read More
- RN
- RoadmapA roadmap outlines the plans for a coi or an NFT collection beyond the mint day. It shows any strategies, goals and plans the dev team has and can be a great insight into the drive and desires(...) Read More
- RollupA rollup takes tens, hundreds or thousands of transactions off the blockchain, and rolls them up into one single transaction to be placed back on the blockchain. It is a scaling solution and(...) Read More
- Rug Pull
- Rugged
- SAFU
- Satoshi NakamotoSatoshi is the anonymous writer and creator of the Bitcoin whitepaper. More than just a blockchain founder, he/she/they are the philosophical deity for Web3 and the crypto space. Whilst we don’t(...) Read More
- Sats
- ScalabilityPart of the blockchain trilemma, scalability refers to the capability of a blockchain to handle large amounts of transactions in a short period of time. This may greatly impact the decision on(...) Read More
- Scam
- Scam CoinsScam coins pose as legitimate crypto coins and exist solely to steal your money. They could be a clone of a real coin or could even be dubbed a pre-mint coin, which turns out to be false. When a(...) Read More
- Scammer
- Schelling PointThe Schelling Point is a key concept in game theory, where independent participants arrive at the same conclusion. It often refers to a focal point in a given field or the solution that we are(...) Read More
- SEC
- Secondary MarketAfter an NFT project mints out, the NFTs can be bought and sold on the secondary market. Opensea, Looks Rare, Rarible and Super Rare are Ethereum-based examples of a secondary marketplace. This(...) Read More
- Seed PhraseYour seed phrase is a series of usually 12 or 24 words that are generated by your crypto currency wallet as the master password. Heaven forbids your computer or hard drive breaks down, you can(...) Read More
- Seems LegitShort for seems legitimate. When appraising a project and DYOR, a good outcome would be that a project seems legit. Be careful however because this phrase is used in equal parts for real and(...) Read More
- Seems RareSimilar to ‘looks rare’. This is used generally sarcastically to appraise someone’s NFT. Whilst we are all chasing sub 1% traits, this phrase might be more directed to a 45% trait. Read More
- Ser
- SFT
- ShardingSharding is a method of increasing the scalability of a blockchain, by breaking up network nodes into smaller groups. Each shard can then reach consensus and approve a transaction on behalf of(...) Read More
- Shill
- Shill ThreadA shill thread is where an influencer or big investor in the NFT space invites people to post their own projects in a shill thread on twitter. The hope is that the investor will then ape into(...) Read More
- Shitcoin
- SidechainA sidechain is a chain that is linked to another blockchain, often via a bridge and often with the goal of alleviating congestion on the primary network or provide scalability. This can allow(...) Read More
- Simp
- SlashingCrypto slashing occurs when a blockchain validator misbehaves and endangers the network. This happens primarily on Proof of Stake networks where validators lock up their tokens, instead of(...) Read More
- SLP
- Smart ContractA smart contract is a self-executing code on a blockchain. Stored on the public ledger, they can’t be altered by anyone once deployed. These transactions are made on the blockchain without(...) Read More
- SMFH
- Soft ForkA soft fork is an update to the blockchain that doesn’t create a separate chain like a hard fork does. Safer to implement than a hard fork and less disruptive, soft forks are backwards(...) Read More
- SOL$SOL is the native crypto currency of the Solana Blockchain. A popular chain for NFTs after Ethereum, it is faster in terms of the transactions per minute it can handle and drastically reduces(...) Read More
- SoliditySolidity is the programming language of the Ethereum EVM, or Virtual Machine. It is used to write smart contracts and powers the blockchain. It was first proposed by Gavin Wood, who developed it(...) Read More
- Soy BoyIn the normie world, a soy boy is a derogatory term for someone who isn’t masculine. In the crypto space, it is someone who doesn’t have diamond hands and can’t handle the dips of the market. Read More
- Stable Coin
- Staking
- Sweep the Floor
- SZNSlang for season, as in crypto season. Rather than following a calendar season, a SZN can last as little as weeks and generally follows market sentiment. Seasons include Alt season, Solana(...) Read More
- Tard-Fi
- TDA
- TestnetA testnet is a secure environment for testing on a blockchain. Its software mimics the main blockchain and allows devs to test their smart contracts before going live. Its significance cannot be(...) Read More
- Tether
- This is the Way
- TINA
- TINA RIFShort for There is no alternative, resistance is futile. Perfect for when you need to explain the beauty of crypto to normies. Read More
- Token
- TokenomicsTokenomics is looking at a crypto currency beyond the name and funny dog picture. It is studying the supply, the emissions, the burning, the incentives that may affect the price of a crypto(...) Read More
- Total SupplyCrypto currencies have a total supply which indicates the amount of tokens that are already created minus those that have been burned. Not be confused with max supply, the total number of coins(...) Read More
- TPSShort for transactions per second. A key metric for blockchain efficacy, the TPS refers to how many transactions per second a blockchain can handle. The Bitcoin blockchain TPS is approximately(...) Read More
- TraitNFTs within a large collection are often divided by the traits they feature, which helps to make each NFT unique. Traits can vary in rareness and will have the greatest influence on pricing(...) Read More
- TVL
- Txn HashThe id produced on the blockchain that represents a particular transaction. Imagine Amarantha sends Bartholomew some ETH. There will be a sending address, a receiving address and a transaction(...) Read More
- Ultrasound Money
- Up OnlyThat period in a full-on bull market when token prices all seem to just permanently go up. Every single coin whether Bitcoin, scamcoin, vaporware or other just seem to pump forever. This(...) Read More
- USDC
- USDT
- UtilityThe "raison d'etre" of a coin... what does it do? Typically, this was a term to evade securities laws where it was argued the tokens were not securities or breaking laws because the coin was(...) Read More
- ValeWhen you say goodbye to something that is dying. Or has already died. Read More
- ValhallaThe heaven of Norse and Scandinavians. The place you go after you died a heroic death in battle. The answer to all of your needs. In crypto, this means the place you go after HODLing through(...) Read More
- VaporwareCrypto currencies or tokens or projects that are hyped up but actually have no technology or team whatsoever behind them. Think hardware, software or if there really is nothing at all(...) Read More
- VolatileThe wild fluctuation of the price of an asset. "Stable" assets should have low volatility. Crypto on the other hand.... Read More
- WAGMI
- WalletA leather container frequently found in a Boomers pocket full of pieces of plastic that they insist have intrinsic value, as opposed to your non-custodial immutable blockchain money which they(...) Read More
- Wallet Address
- Web1
- Web2
- Web3
- Wei
- WenWhen... but you are in such a rush for the thing to happen (usually a 10x or lambo money) that you do not even have time to use the h. Read More
- Wen Lambo
- Wen MoonThe eternal bear market question. Hours, days and years of staring at a screen full of red numbers watching net worth bleed out and all the time wondering when your coin or NFT will go to the moon. Read More
- WETH
- Whale
- WhitelistOften a new NFT drop will have a private sale and a public sale. Being on the whitelist means your wallet address is allowed to mint in the private sale, guaranteeing that you will get at least(...) Read More
- Whitelist Games
- WhitepaperA document outlining the purpose of a coin and the (technical) solution it provides. The first whitepaper was for Bitcoin and later a whitepaper became a legal requirement for an ICO.(...) Read More
- Wojak
- Worthless Governance Token
- Yield Farming
- YODO
- YOLOYou Only Live Once. A general term used to describe a carefree attitude. In crypto usually precedes the act of aping large percentage of net worth into a ponzi that will soon be at zero. Read More