NFT-Dictionary

6529 will start this list today(2:11 PM · Sep 1, 2021) but will add to it with suggestions. NFT twitter has a great culture, very positive. Let's keep it this way.

Need an NFT dictionary? Here it is.

      DECA FAM

📘📗📙📕

🔻

While the list is essentially unorganized, it’s notable that punk6529 started off with “gm,” short for good morning. It speaks to the welcoming intentions of making an informal community dictionary, and possibly the friendliness of the NFT community at large. That cultural openness parallels the real innovation of NFT markets that just about anyone, anywhere can access. It’s a community with arms wide open.

6529

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gm

gm means "good morning"

We say good morning to each other because we are a friendly happy optimistic global community and it is nice to say good morning to your friends as you start your day

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gn means "good night"

We say good night to each other because we are a friendly happy optimistic global community and it is nice to say good night to your friends as you end your day

(20 hours after you say gm and 4 hours before you say gm again)

gn

Gallery in progress ...

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Ser

Ser means "sir"

It is a way to respectfully introduce oneself or perhaps share an alternative point of view

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Fren

Fren means "friend"

Because we are all friends here on a happy mission quest together

DR

GM

NFT TERMINOLOGY

Based on 6529

GMI WAGMI

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GMI / WAGMI

"Gonna Make It" / "We All Gonna Make It"

The happy future state when everyone understands our JPGs the way we do.

"MOMA just bought a punk. WAGMI"

NGMI

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NGMI

Not Going To Make It.

Best used in a self-deprecating way about one's own personal bad decisions

"Sold a Fidenza for 5ETH. NGMI"

McDonald's

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Our backup career plan in case the NGMI scenario comes true

"Sold a Fidenza for 5ETH. Applying now to McDonald's"

LL

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Larvalabs, the creators of punks, autoglyphs and meebits

"LL rarely tweets"

AB

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ArtBlocks, the most important platform for generative art in the world, that has three collections: "Curated" (ABC), "Playground" and "Factory"

"Her ABC collection is 🔥"

Generative Art

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Generative Art

Art that is algorithmically generated, ideally in real-time when minted.

"She is a bright new star in gen art"

PFP

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Profile Picture. The punks, apes, cats, dogs, skeletons and so on, that we all use in our proto-metaverse of Twitter and Discord.

"That golden snail PFP is sick"

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Looks rare

Looks rare

Rarity is often a driver of value in this space. Used ironically.

[posts picture of steak] "Looks rare"

FOMO

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The Fear of Missing Out.

Buying an NFT because you are afraid of missing out on the next big thing.

"I FOMOed into Golden Snails and I am not sure why"

The opposite of FOMO.

Failing to buy an NFT because one is coping with one's earlier error of not FOMOing at 1/10th the price.

"I know Golden Snails are up 50x and heading to Christie's, but I didn't like the launch so staying out" "OK, LOL, cope"

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Cope

1:1 Art

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Art where each piece is unique (1 of 1). This can be thought in contract to PFP and Generative Art collections that range from 200 to 10,000 pieces typically.

"1:1 szn is coming soon"

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Szn

Szn means season which means market cycle.

Crypto szns are accelerated IRL seasons. NFT szns are accelerated crypto seasons. Might last as little as 1-4 weeks.

IRL

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IRL means In Real Life, otherwise known as the world beyond OpenSea, Twitter and Discord.

It is not recommended to spend too much time there. IRL does not have sufficiently good JPGs.

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Probably Nothing

"probably nothing" means "probably something". It is the polite way to FOMO, with just barely some plausible deniability.

"Visa bought a punk. Probably nothing"

Up Only

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Originally popularized by @CryptoCobain for ETH this year (I believe).

It is everyone's desired direction of NFT prices, certainly preferable to the less popular alternative of "Down Only"

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Liquidity

Available ETH to buy JPGs. This is an impossible state of being. Any available ETH converts into JPGs immediately so everyone is a state of perpetual illiquidity.

This is the first edition 2022 July 11 | 20 TERMS It will be updated. 2023 Feb 20 | 33 TERMS 2023 April 14 | 55 TERMS 2023 April 15 | 67 TERMS

V3.0

Cool Cat

Moonbird

CryptoPunk

Bored Ape

Nouns

SMOLSKULL

My Decagons 🥴😅 Not All of them!

Mint

The act of initially issuing a piece of art on the blockchain, either by the artist or the collector.

"Wow, beautiful picture. Mint it!"

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1/1 of X

Right Click Save As

This is the way

Floor Price

OG

Alpha

Its Money Laundering

JPGs

Delist

Discord

Roadmap

LFG

The way to think about PFP and gen art collections.

Punks are 1/1 of 10,000. Fidenzas are 1/1 of 999.

Each one is unique, but they belong to a coherent whole collection in contrast to 1:1 art.

Every non-NFT person's first "gotcha" move when learning about NFTs - demonstrating their vast technical capacity to download an image from a web browser.

Civilian: "I Right Click Saved 6529 and now it is my PFP" 6529: "Go right ahead"

A way to commend socially positive behavior

"She never shilled her project" "This is the way"

The lowest available asking price on OpenSea / Larvalabs/etc either for a collection as a whole or for a subset of the collection.

"Golden Snails have hit a 3ETH Floor, but Golden Snail Nerd Glasses are 12ETH floor this morning"

OG means original gangster. First become popular through 1990s hiphop, the super-Lindy term just flows through community after community.

It means the folks who were here early and earned respect.

"He is an OG punk holder"

Alpha is a term from the investing/hedge fund community representing the outperformance generated by the skill of the asset manager vs beta (the market's performance). Most people's alpha IRL and in crypto is beta in disguise.

"She dropping serious alpha today"

This is meant to suggest that NFT prices are not real because people are using NFTs to money launder. The exact mechanism of how this works in highly liquid markets is never described.

This is a specific form of IRL and crypto twitter coping about NFTs

JPGs refers to our NFTs that might be JPGs or GIFs or PNGs or audio files or video files or computer games.

It is reclaiming a cope/insult for the community given many normies think "but you are just buying JPGs, are you mad?"

"They will never steal our JPGs"

Delist your NFTs from Opensea (no longer offer them for sale) because prices are rising rapidly and they might get sold and market expectations of their value has changed.

"Golden Snail 5ETH floor. Delist!"

Also related to: "Hide your JPGs"

A messaging platform heavily used by NFT twitter for NFT project communities.

Discord is all of: a) useful b) overwhelming c) full of scammers d) will eat all your CPU cycles e) default set to annoy everyone within miles with notification beeps

The set of activities an NFT project (usually PFP) will plan to do to add value to a community.

Roadmaps are viewed as desirable in PFP projects and insulting to ask for in art projects.

Needs some care to not accidentally violate securities laws

Let's F***ing Go. Used when you are excited about something. Best used with rocket emojis.

"New Golden Snail mint. LFG 🚀🚀🚀"

punks

Autoglyphs

Meebits

In my experience, in Web 3.0 spaces, Ser is used regardless of gender. DR

🚀

CloneX

World of Women

NounPunks

Doodles

Few is short for "few understand". Like "probably nothing" it is polite FOMO.

"MOMA bought a punk. Few"

The state of chaos that ensues when all of NFT twitter tries to mint the same project at once, driving up gas prices for the whole Ethereum network.

The hardest unsolved problem in computer science - there is a Nobel Prize in this for someone.

Ded is short for dead. Also, see "deceased"

"I sold my Fidenza for 5ETH. I am deceased."

Rug is short for rug pulled. It came from Crypto Twitter and particularly DeFi where a lot of projects pumped and dumped on retail.

Not 100% sure if rugs as a concept make sense in the context of JPGs, but it is used for devs who run away from their project +/-

If You Know, You Know

This is, like "few", a polite form of FOMO in most, but not all usages.

"MOMA bought a punk. IYKYK"

Projects derived from the original project, first popularized with a wide variety of "alternative" punks.

The intelligent view on derivatives is that they are fine, enhance the brand of the original and everyone should stay cool about them.

Newbie and Plebian. The opposite of OG. The polite way to use these terms is only about yourself.

"6529 is such a noob. I can't believe I forgot to mint the Golden Snail"

"Seems legitimate" in other words, the project looks serious and potentially with good prospects.

Can be used straight or ironically about a project's prospects

"I am launching Baby Fast Food Golden Snails on Solana" "Seems legit"

Another term for "IRL". That vaguely annoying reality where the laws of physics and biology apply. Not highly recommended.

"Meatspace issues today. Car tire blew out"

When you fail to mint a project and have to buy on opensea. Comes from finance world - primary stock sales are directly from company; secondary is what you trade day to day. Almost all action is secondary.

"Missed the mint, gotta buy on secondary"

A game theory term people believe applies to NFTs (and BTC)

Specifically that certain NFTs will become stores of value and, as such, become more of a store of value, storing more and more value in those NFTs

See: Up Only

Up Only (see earlier in thread) now correctly credited to

This one comes from CryptoTwitter and refers to the price of your NFT ascending to the moon which is very far away

Less popular in NFT Twitter because we are a bit less financial over here. Used more ironically.

"6529 x Golden Snail collab" "Wen moon, ser?"

An enormous hall where dead Vikings party alongside people with valuable NFTs.

See also: Heaven

"6529 is either ascending to Valhalla or heading to McDonald's"

DYOR means Do Your Own Research

The person telling you this is (correctly) disclaiming responsibility re the question of if an NFT is right or wrong for you

"I aped Golden Snail, but DYOR"

This one has come straight from Crypto Twitter. It means "take on a large position relative to one's own portfolio size"

Apes have a strong NFT history - first, the famous 24 ape punks and then with Bored Ape Yacht Club.

"I aped Golden Snail, but DYOR"

NFA means "Not Financial Advice". It is related to DYOR.

Again, someone shares an idea, but your job to decide if it is for you.

"I aped Golden Snail. NFA"

A bit advanced for today's lesson, but yes, 6529 will allow

SukiEditions (twitter account)

Also a daoist mantra inspired by a cryptic sci-fi cult.

Mam is short for "Ma'am"

Like Ser, this is also a respectful way to introduce or share an alternative point of view

"Mam, I prefer my Golden Snail"

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Degen is short for Degenerate, meaning taking unreasonably high trading risks

"All non-Degen trading punished in Up Only 1:1 szn. Few. LFG 🚀🚀🚀. NFA. DYOR."

Derived from Bitcoin Maximalist. The belief that your crypto-chain is above all the best

It has now made it to NFTs.

"he is a punks maxi. missed BAYC. coping hard"

Salt, as in salty, as in your tears, when you are coping.

"Golden Snail is just a rug. 6529 shilling all day" "So much salt"

These can have their normal English meaning or the opposite. DYOR!

"Her NFT made the MOMA. Love to see it" "Celeb cash grab project site down. Hate to see it"

Rekt is short for wrecked, for when the state of your portfolio looks like a car crash. This is not desirable, but often unavoidable.

"Got rekt trying to go short the Golden Snail. NGMI"

Decentralized Autonomous Organization. Smart contracts with their own tokens and governance that own assets and take actions. Endless potential, but 👀for the SEC

"I am launching my hoodie nerd glasses DAO next week"

Something you can say to anyone more than 22 years old whose opinion you disagree with.

"The Golden Snail is not real art" "OK Boomer, NGMI"

When you don't know the gender of the anon character you are interacting with.

"Love coolcat5434. They are a great collector"

When you note a smooth move from one of friends, competitors and collaborators in the metaverse. A mark of respect mostly

Self-contained, does not require a sentence.

Being annoying loud about getting people to buy your art or buy your bags. Or trying to generate FOMO among others. Don't do it. Nobody likes it.

"Here goes he goes again shilling the Silver Snail"

Your bags, like 6529's suitcase before a long trip, are heavy. They are heavy because you packed too many NFTs in them and you are now are trapped in an illiquid position.

[Record scratch, 3 days earlier]

"Bags packed on the Silver Snail! LFG!!! 🚀🚀🚀"

The act of sweeping all the floor (lowest) priced NFTs in a collection into your wallet. Often the step before discovering your bags are too heavy.

"Just swept the floor on the Silver Snail!"

Fear, Uncertainty and Doubt. An old sales trick, most commonly attributed to Microsoft in the 1990s.

Here it is repurposes for price predictions, namely to complain that they are too low.

"2,500 ETH floor for Fidenzas in 2025 is FUD"

🐐

Greatest of All Time. Pure respect and homage.

"He is the🐐Golden Snail trader"

🐐

Nobody can explain it well. Basically frens with the same JPGs as you, but I am not thrilled with my explanation either.

"Gang gang"

Nakamigos

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Few

Gas or Gas Wars

Ded

Rug

IYKYK

Derivatives

Noob/Pleb

Seems legit

Meatspace

Buying on secondary

Schelling Point

Up Only

(updated with correct provenance)

I knew/forgot that. Must be getting old in meatspace.

Cryptopathic

Wen moon?

Valhalla

DYOR

Aped

NFA

This is the way (continued)

Mam

Degen

Maxi

Salt

Love to See it Hate to See it

Rekt

DAO

OK Boomer

They

"I see what you did there"

Shilling

Your Bags

Sweep the Floor

FUD

GOAT

Gang Gang

The end of 6529's tweet!

🚧

But the dictionary continues! And the words that are used in the NFT space will be added to this dictionary!

🧶

In a world where our digital lives are more interconnected than ever before, the battle for digital rights and data privacy has never been more crucial. Protecting your digital rights isn't just about securing your data. It's about protecting the values of freedom and democracy online.

So if you are going to fuck around by giving up your digital rights, you will soon find out that you wish you hadn’t.

FAFO

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"Fuck Around & Find Out"