AtoZ of web3

THE

Vol.2 : The Lingo By Diego borgo & Edmund Howard

A
IS FOR
APE IN
The term "ape in" usually refers to people who
buy a new NFT or coin without doing their due
diligence. The term comes from the 'apes
together strong' meme. However, research
and understanding of what you're buying is
always a must before investing into any
project! That is, unless you are a true degen
(check the letter D for meaning Degen).

By Diego borgo & Edmund Howard

B
IS FOR
BULLISH
The concept of feeling confident about the
future, or the cause or effect of an increase in
NFT or Token prices.

By Diego borgo & Edmund Howard

C
IS FOR
COPY PASTE
In the NFT world it refers to a project that
copies another more popular project by
copying its ideas, appearance, or behavior.

By Diego borgo & Edmund Howard

D
IS FOR
DEGEN
Degen is short for “degenerate". Someone
who takes risks. When it comes to crypto, it
refers to people who invest in digital assets
like NFTs without doing their due diligence,
basing their decisions on impulse and feeling.

By Diego borgo & Edmund Howard

E
IS FOR
ETH
ETH is Ether, which is the native
currency of the Ethereum blockchain.

By Diego borgo & Edmund Howard

F
IS FOR
FLOOR
The floor price is the lowest price listed for an
NFT project. While it doesn't necessarily mean
you should buy NFTs at floor price, most of
them are usually lower ranking in rarity,
nonetheless, it is a good entry point for new
joiners to the project.

By Diego borgo & Edmund Howard

G
IS FOR
GM
Short for Good Morning, a common
way of greeting in Twitter/Discord but
some times in real life too.

By Diego borgo & Edmund Howard

H
IS FOR
HODL
"Hold on for dear life" means holding on to an
asset for a long time, regardless of its price.
The acronym HODL originated from a typo in a
Bitcoin forum in 2013 that readers mistakenly
interpreted as an acronym.

By Diego borgo & Edmund Howard

I
IS FOR
IYKYK
“If you know, you know”. The phrase implies
that some people will find a message or post
persuasive, while others will not. e.g “I just
met a girl who owns 2 CryptoPunks. IYKYK.”

By Diego borgo & Edmund Howard

J
IS FOR
JPGS
JPGs is what we call our art NFTs. The file
extension might be JPGs, PNGs, GIFs, audio or
even video. You often will see people outside
of the NFT community saying things like "Why
do you spend so much money on these JPGs,
are you crazy?".

By Diego borgo & Edmund Howard

K
IS FOR
KYC
"know your customer." It refers to a financial
institution’s obligation to carry out certain
identity and background checks on its clients
before allowing them to use its product or
platform.

By Diego borgo & Edmund Howard

L
IS FOR
LFG
“Let’s F****** Go”. A term used to express
when someone is excited about something.
“Have you seen the floor price? It doubled
overnight. LFG!”

By Diego borgo & Edmund Howard

M
IS FOR
MINT
The meaning of “mint” is “to produce
something for the first time”. In the NFT
world, minting refers to the creation of a new
NFT.

By Diego borgo & Edmund Howard

N
IS FOR
NGMI
Opposite of GMI, short for “not gonna make
it”. Refers to people making bad trading
decisions.

By Diego borgo & Edmund Howard

O
IS FOR
OG
Short for “original gangster” and slang for
“original”. It refers to someone or something
that is an original or originator, especially one
that is highly respected or admired within their
field.

By Diego borgo & Edmund Howard

P
IS FOR
PAPER
HANDS
It’s the opposite of diamond hands and refers
to someone who is nervous and panic sells too
soon, instead of holding for the long-term. It
comes from the Reddit, /r/WallStreetBets
subreddit.

By Diego borgo & Edmund Howard

Q
IS FOR
Q&A
Question & Answer. These happen frequently
within NFT communities and give holders the
opportunity to ask the project owners
questions about the project and where it's
heading.

By Diego borgo & Edmund Howard

R
IS FOR
REKT
Rekt, also known as #rekt, it’s a slang term
for “wrecked”. It’s often used in the gaming
community and refers to someone who has
been totally ruined or destroyed. In the crypto
community, it refers to someone who has
suffered severe financial losses.

By Diego borgo & Edmund Howard

S
IS FOR
SHILL
NFT shilling is when someone promotes an
NFT project on social media as a marketing
strategy or as a way to get them on a whitelist
quicker. Many Discord servers create 'shill'
channels for members to promote projects
that they think have the potential to moon.

By Diego borgo & Edmund Howard

T
IS FOR
TX
TX is short for transaction. Every transaction
on the blockchain is assigned a unique
transaction ID, also known as a transaction
hash.

By Diego borgo & Edmund Howard

U
IS FOR
UP ONLY
This term was popularized by @Cryptopathic
this year. This is of course everyone's desired
direction of NFT prices, and is preferable to the
less popular alternative of "Down Only".

By Diego borgo & Edmund Howard

V
IS FOR
VALHALLA
An enormous hall where dead Vikings party
alongside people with valuable NFTs. See also:
Heaven is either ascending to Valhalla or
heading to McDonald's"

By Diego borgo & Edmund Howard

W
IS FOR
WAGMI
Short for “We All Gonna Make It”. Similarly to
GMI, it’s used to describe a future in which our
investments will have yielded amazing returns.

By Diego borgo & Edmund Howard

X
IS FOR
XYZ
.xyz is a top-level domain name. The domain
name became available to the general public
on June 2, 2014, and since then has been
frequently used by many projects and
businesses in the web3 space.

By Diego borgo & Edmund Howard

Y
IS FOR
YIELD
Yield in financial terms refers to what an asset
produces in financial value. NFTs do not by
default earn yield, however when they are
used to mint tokens and add to liquidity pools
for DeFi, they can earn the holder passive
income.

By Diego borgo & Edmund Howard

Z
IS FOR
Z Z Z ZZ
topic and make them aware!
Z ZZ Z Z ZZ

Tag someone you think is sleeping on this

By Diego borgo & Edmund Howard

Edmund Howard Diego borgo