![]() ![]() The ERC-721 contract standard produces completely unique NFTs. The Ethereum blockchain‘s token standard for fungible currencies, such as USDT, MANA, and MATIC 23. They do not have separate token IDs but exist as duplicates of the same digital asset. ERC-1155 tokenĮRC-1155 token is a semi-fungible token standard. Obviously, users don’t want to invest in something just because an NFT influencer promoted it. As there are many scams and bad actors in the NFT space, the term is very popular. The abbreviation for “do your own research” is DYOR. dAppsĭecentralized Applications (dApps) are any applications built and run on decentralized networks such as the Ethereum or Solana blockchains. Ledger and Trezor are the two most widely used cold wallet manufacturers. Hardware (or cold) wallets are a more secure option because they store digital currency and non-fungible tokens offline. One kind of crypto wallet is the cold wallet. There are two types of crypto-wallets: hot and cold. Crypto walletsĬrypto wallets are platforms for storing, transferring, and managing crypto assets such as cryptocurrencies and NFTs. As users compete for tonnage, this makes them “collectible.”Īlso Read: What Is Fortnite Game? Is Fortnite A Violent Game? 17. CollectiblesĬollectibles are one-of-a-kind fungible tokens with varying rarities. Bitcoin MaximalistĪ Bitcoin maximalist is someone who thinks Bitcoin is better than all other cryptocurrencies and is the only one that is valuable. He picks the incorrect NFT to purchase? Yes, he is also a Bozo. But those who are deeply involved in the NFT scene are throwing it around everywhere. In the digital world, avatars represent human personification.Ī bozo still means what it always did. AvatarsĪvatars can be two-dimensional images that represent you online, or they can be three-dimensional hyper-realistic beings ready for the metaverse. It is primarily used to describe someone who makes significant financial commitments to dubious and risky cryptocurrency projects. Degenĭegen is short for degenerate, and it has several different meanings within the crypto sphere. DeFiĭeFi is an acronym for “decentralized finance,” which contrasts with traditional finance or CeFi (centralized finance), in which a bank or business controls users’ money. It is, as the name implies, a type of organization that has no central authority and operates independently. DAOĭAO is a popular cryptocurrency slang term that refers to decentralized autonomous organizations. ![]() CryptojackingĬryptojacking is a type of crypto crime that involves stealing a computer and using it to mine cryptocurrency. As a result, someone who is bullish expects market prices to rise.Īlso Read: Explain CryptoKitties? Can You Make Money With CryptoKitties? 9. BullishĪ bull market, as opposed to a bear market, refers to a market in which prices are rising. The majority of the time, projects airdrops NFTs to reward users for their loyalty, participation in contests, or other actions. AirdropĪirdrop refers to the free delivery of NFTs or tokens to users’ wallets. Even though they don’t all have exactly 10,000 avatars, the phrase is used to describe this kind of collection rather than a specific number of avatars. The CryptoPunks collection in 2017 may have been the first of its kind, and many more have since emerged. 10k ProjectĪ 10k project is an NFT collection made up of around 10,000 avatars. BagholderĪ bagholder is someone who keeps their investment rather than selling it, even if it is losing value and becoming worthless. Naturally, the objective is to profit when the market recovers. The abbreviation BTD means to “buy the dip.” It alludes to purchasing coins, tokens, or other assets at a discount because their value has decreased. It started on Reddit and has since spread to Twitter, the cryptocurrency community, and other places. AMAĪsk Me Anything, or AMA, is a style of social media post in which the poster responds to queries from viewers. An ape is someone who buys an NFT or a token right away without first researching it. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |