gianlucamazza · December 21, 2021 12:46
diff --git a/gistfile1.txt b/gistfile1.txt
 NFT
 Stands for Non-Fungible Token. It’s a unique, one-of-a-kind digital asset that’s stored on a blockchain. No other token or cryptocurrency can replace it.

 Collection
 A collection refers to a portfolio of NFTs that are sold as part of a project, or as part of someone’s inventory e.g. OpenSea collection.

 Floor
 The ‘floor’ or ‘floor price’ of a project is simply the lowest price at which you can buy an NFT from that project on the secondary market. It’s the most popular metric for tracking a project’s performance over time and its relative success compared to others.

 Floor Sweep
 This refers to someone who purchases all the lowest listed NFTs.

 Generative art
 In short, all the NFTs in each of these collections have certain traits in common: Clothes, skin or fur color, eye type, headwear, background color, etc. With 20 different types of clothes, 20 different eye types, 20 different background colors, etc., it’s possible to mix and match these traits to create a collection of 10,000 NFTs that are all unique. While the initial traits are hand-made, each NFT is automatically created by a computer with a random combination of all the available traits. This is the part of the process that’s described as ‘generative’.

 Metadata
 I’ll go with the non-technical and very simplified explanation here: The metadata of an NFT is essentially all the necessary and unique data making that NFT exactly what it is. Perhaps most interestingly, the metadata defines how a piece of art or a collectible looks. That’s why you’ll sometimes have to refresh the metadata on OpenSea before you can see how your newly minted NFT looks.

 Minting
 When you’re buying a completely new NFT from the creator, you’re ‘minting’ it. It’s basically the process of creating that NFT on the blockchain.

 Reveal
 The word here is pretty self-explanatory, but its meaning in an NFT context may not be. For new generative projects, the artwork won’t actually be created until the NFT is minted, and you won’t know exactly what you get until after you buy it. In other words, the art only reveals itself after it’s purchased. It’s up to the creators behind the collection whether the reveal happens immediately, when the collection sells out, or with a delay of 24 or 48 hours for instance.

 Collectible
 Think of this as something that has value or rarity, such as mini-figures or special edition sneakers.

 Bluechip
 Bluechip is the name given to an NFT project that has sustained value over time and is considered a reliable investment.

 Smart Contract
 An agreement that automatically executes between two or more parties under certain conditions. They’re enforced on the blockchain network, irreversible, and not subject to change.

 Tokenomics
 The branch of economics that deals with the design, issuance, trading, and regulations of crypto tokens.

 Staking
 The process of locking up tokens in a wallet for a certain amount of time. The more you lock up, the more chances you have to win a reward as long as other stakers are also taking part. This usually happens on PoS blockchains where users stake their tokens and get rewarded every few seconds or after processing a certain number of blocks.

 Drop
 Drop means to release a new NFT or project onto the market.

 Metamask
 Metamask is the crypto wallet platform used to interact with the ethereum blockchain.

 Noncustodial Wallet
 Think of this as an online wallet that you control using private keys stored in your own computer. One example is MetaMask, which is also a browser extension that lets you run Dapps in your regular web browser (instead of a centralized app).

 Cold Wallet
 A cold wallet is a place that you store your crypto or NFTs offline, it is not connected to the internet and at less risk of being compromised.

 Private Key
 Think of this as a password that’s separate from usernames or email addresses. It gives you access to information or digital property on blockchains. You can always see your public address on Etherscan, but you might need to use a private key to access wallets or assets stored on the blockchain.

 Public Key
 Similar to private keys, it’s a cryptographic key that allows people to access your wallet or NFTs. The difference is it doesn’t need to be kept secret. It’s posted in open spaces so the blockchain knows who you are and what you can do with your tokens.

 Diamond Hands
 Someone with diamond hands is a person that is set on holding their crypto or NFT, irrespective of what the market value is.

 Paper Hands
 Someone who is incapable of holding on to their NFT for long, when the market gets tough they resort to selling their NFT.

 DYOR
 The term is used as a disclaimer when discussing a project, it makes sure that the person decides whether to invest or not on their own accord.

 FOMO
 This phrase means the fear of missing out on the next big project or NFT, encouraging them to buy-in.

 HODL
 HODL is the misspelling of ‘hold’ which became a meme. It is also sometimes abbreviated to hold on for dear life. This phrase means to hold on to your NFT or currency.
	NFT
	Stands for Non-Fungible Token. It’s a unique, one-of-a-kind digital asset that’s stored on a blockchain. No other token or cryptocurrency can replace it.

	Collection
	A collection refers to a portfolio of NFTs that are sold as part of a project, or as part of someone’s inventory e.g. OpenSea collection.

	Floor
	The ‘floor’ or ‘floor price’ of a project is simply the lowest price at which you can buy an NFT from that project on the secondary market. It’s the most popular metric for tracking a project’s performance over time and its relative success compared to others.

	Floor Sweep
	This refers to someone who purchases all the lowest listed NFTs.

	Generative art
	In short, all the NFTs in each of these collections have certain traits in common: Clothes, skin or fur color, eye type, headwear, background color, etc. With 20 different types of clothes, 20 different eye types, 20 different background colors, etc., it’s possible to mix and match these traits to create a collection of 10,000 NFTs that are all unique. While the initial traits are hand-made, each NFT is automatically created by a computer with a random combination of all the available traits. This is the part of the process that’s described as ‘generative’.

	Metadata
	I’ll go with the non-technical and very simplified explanation here: The metadata of an NFT is essentially all the necessary and unique data making that NFT exactly what it is. Perhaps most interestingly, the metadata defines how a piece of art or a collectible looks. That’s why you’ll sometimes have to refresh the metadata on OpenSea before you can see how your newly minted NFT looks.

	Minting
	When you’re buying a completely new NFT from the creator, you’re ‘minting’ it. It’s basically the process of creating that NFT on the blockchain.

	Reveal
	The word here is pretty self-explanatory, but its meaning in an NFT context may not be. For new generative projects, the artwork won’t actually be created until the NFT is minted, and you won’t know exactly what you get until after you buy it. In other words, the art only reveals itself after it’s purchased. It’s up to the creators behind the collection whether the reveal happens immediately, when the collection sells out, or with a delay of 24 or 48 hours for instance.

	Collectible
	Think of this as something that has value or rarity, such as mini-figures or special edition sneakers.

	Bluechip
	Bluechip is the name given to an NFT project that has sustained value over time and is considered a reliable investment.

	Smart Contract
	An agreement that automatically executes between two or more parties under certain conditions. They’re enforced on the blockchain network, irreversible, and not subject to change.

	Tokenomics
	The branch of economics that deals with the design, issuance, trading, and regulations of crypto tokens.

	Staking
	The process of locking up tokens in a wallet for a certain amount of time. The more you lock up, the more chances you have to win a reward as long as other stakers are also taking part. This usually happens on PoS blockchains where users stake their tokens and get rewarded every few seconds or after processing a certain number of blocks.

	Drop
	Drop means to release a new NFT or project onto the market.

	Metamask
	Metamask is the crypto wallet platform used to interact with the ethereum blockchain.

	Noncustodial Wallet
	Think of this as an online wallet that you control using private keys stored in your own computer. One example is MetaMask, which is also a browser extension that lets you run Dapps in your regular web browser (instead of a centralized app).

	Cold Wallet
	A cold wallet is a place that you store your crypto or NFTs offline, it is not connected to the internet and at less risk of being compromised.

	Private Key
	Think of this as a password that’s separate from usernames or email addresses. It gives you access to information or digital property on blockchains. You can always see your public address on Etherscan, but you might need to use a private key to access wallets or assets stored on the blockchain.

	Public Key
	Similar to private keys, it’s a cryptographic key that allows people to access your wallet or NFTs. The difference is it doesn’t need to be kept secret. It’s posted in open spaces so the blockchain knows who you are and what you can do with your tokens.

	Diamond Hands
	Someone with diamond hands is a person that is set on holding their crypto or NFT, irrespective of what the market value is.

	Paper Hands
	Someone who is incapable of holding on to their NFT for long, when the market gets tough they resort to selling their NFT.

	DYOR
	The term is used as a disclaimer when discussing a project, it makes sure that the person decides whether to invest or not on their own accord.

	FOMO
	This phrase means the fear of missing out on the next big project or NFT, encouraging them to buy-in.

	HODL
	HODL is the misspelling of ‘hold’ which became a meme. It is also sometimes abbreviated to hold on for dear life. This phrase means to hold on to your NFT or currency.