Stay long in the NFT industry, and you will soon notice many NFT slang that may leave you scratching your head. In this article, we will explain, "What Does DEGEN Mean In NFT? And More NFT Slang." Let's get started.
What Does DEGEN Mean In NFT
This is really a shortened term for a degenerate, a gambler, or someone who takes incredibly high risks while genuinely shooting for the stars. It refers to investors that make unresearched purchases of digital assets like NFTs or cryptocurrencies, also someone3 who invests in investments.
What Does DYOR Mean In NFT
Do Your Own Research. Don't rely on other people. Before you buy NFTs, invest in cryptocurrencies, or join a community, do your own research.
What Does FLOOR Mean In NFT
You hear this one a lot. Floor is simply the NFT's lowest price in the collection. It can also be considered the least amount necessary to purchase one. When assessing an NFT project, this measure should be taken into consideration.
What Does MINT Mean In NFT
The creation of a new NFT token. Minting is the process of turning a digital file into a crypto collectible or digital asset on the Ethereum blockchain.
What Does FOMO Mean In NFT
Fear Of Missing Out. An emotion that drives you to make wild decisions. When an NFT project rises sharply in value and investors buy in because they are afraid to miss the boat.
What Does DEGEN Mean In NFT? And More NFT Slang - Hopefully, this article can help you to get some knowledge.
