A 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. The word FIAT comes from the Latin "Let it be done" and means that the currency's value is derived solely from state or royal decree. The US dollar and most other currencies are FIAT currencies. It is often used to draw a contrast between such paper currencies and cryptocurrencies such as Bitcoin that are backed by proof of work or other currencies that may be backed by the mining or storage of precious metals like gold or silver.

Web3 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 on it once. They often play clips of Endor’s ‘Pump it up’ and love Bogdanoff twin memes.

Tokenomics 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 currency, where it will go and its potential future. For NFT drops there can also be tokenomics, especially if there are planned airdrops, ERC 20 tokens etc in the roadmap. Marketcap, token release, mining costs and incentives, who owns the coins and how many are available are all tokenomic considerations.