GLOSSARY
Web3 & NFT Terms For Beginners
Are you getting into Web3 and NFTs but have no idea what strange and technical terms you see online means? Why is everyone saying GM? What is a rug? Are you looking for a Web3 and NFT dictionary that explains these Web3 and NFT terms in plain simple english? Well this page is for you then!
GMI’s Web3 & NFT glossary will explain the most commonly used terms and abbreviations that you see in the Web3 and NFT industry. This is the perfect page for Web3 and NFT beginners to start out at and get familiar of the terminology you’ll see often in NFT twitter and discords.
A
B
Bag
Bear market
BEP-20
BEP-721
Beta
Blockchain
Bots
Bridges
Browser Extension
Bull market
Burn
Buy the dip
C
Capital
Centralized
Centralized Exchange (CEX)
Coinbase
Cold wallet
Contract
Cross-chain
Crowdfunding
Cryptojacking
Currency
D
Dark web
Dead coin
Decentralized
Decentralized Autonomous Organizations (DAO)
Decentralized governance
Decentralized marketplace
Decentralized network
Deep web
DeFi
DeFi aggregator
DeFi degens
Deflation
Degen
Delisting
Derivative art
Diamond hands
Digital asset
Dip
Discord
Do your own research (DYOR)
Doxed
Dump
E
Email spoofing
ERC-1155
ERC-20
ERC-721
ERC-777
ERC-827
ERC-884
ERC-948
Escrow
Esports
F
Fiat
First-Move-Advantage (FMA)
Floor price
Fear of Missing Out (FOMO)
Fud
Fungible
G
H
Hard cap
Hardware wallet
Hash
Hash rate
HODL
Hot storage
Hot wallet
I
Immutable
Impermanent loss
Inflation
Initial Coin Offering (ICO)
Insider trading
Intellectual Property (IP)
Interest rates
Internet memes
Internet Service Provider (ISP)
Interoperability
Intrinsic value
IP address
J
Javascript
K
KYC
L
M
Mainnet
Mainnet swap
Malware
Market
Market cap
Market maker
Max supply
Memecoin
Metamask
Metaverse
Micropayment
Minecraft
Miners
Minimum Viable Product (MVP)
Mining
Mint
Mobile wallet
Money Laudering
Moon
Multi-coin wallet
N
Newb
NFT
Nifty Gateway
Node.js
Non-fungible token (NFT)
O
Off-chain
OHM Fork
On-chain
Opensea
Open source
P
Paper hands
Passive income
Peg
Phishing
Play-to-earn (P2E)
Ponzi scheme
Portfolio
Pre-sale/whitelist
Private key
Proof of stake
Proof of work
Protocol
Public address
Public blockchain
Public key
Public ledger
Public sale
Pump and dump scheme
Pyramid scheme
R
Rage quit
Rank
Recovery phrase
Regulated
Return on Investment (ROI)
Roadmap
Rug Pull
S
Satoshi Nakamoto
Satoshi
Scam
Scammer
Script
Secondary market
Securities and Exchange Commission (SEC)
Seed phrase
Shilling
Shitcoin
Smart contract
Solidity
Stable coin
Staking
T
Token
Token sale
Token swap
Tokenomics
Total supply
Trade volume
Transaction
Transaction fee
Two-factor authentication (2FA)
U
Unrealized profit & loss
Unregulated
Unstoppable domains
Use case
V
Verification code
Vitalik Buterin
Volatility
W
Wallet
Wash trade
Watchlist
Wen lambo
Wen moon
Whale
Whitepaper
Y
Yield farming
Copyright © 2022 GMI