Reference
Glossary
A comprehensive guide to NFT and blockchain terminology. Search or browse all 95 terms.
Action Game
noun / ˈækʃ(ə)n geɪm /Game where you won't have to think of a strategy to win.
Airdrop
noun / ˈɛrdrɑp /Free gift sent directly on a wallet.
Arcade Game
noun / ɑrˈkeɪd geɪm /Basic gameplay but require skill to finish the game
Asset
noun / ˈæsɛt /An asset represents a digital store of value hosted on a blockchain. Can be fungible (token) or not (non-fungible token).
Auction (Dutch)
noun / ˈɔːkʃ(ə)n (dʌʧ) /Period of time decided by a seller where an asset price is declining.
Auction (English)
noun / ˈɔːkʃ(ə)n (ˈɪŋglɪʃ) /Period of time decided by a seller where an asset price is increasing.
Bear Market
noun / beə ˈmɑːkɪt /Market period when sellers outnumber buyers.
Bearish
adjective / ˈbeərɪʃ /Being pessimistic about a project or a news
Bid
noun / bɪd /Offer made by a buyer.
Bidirectional Channel
noun / ˌbaɪdɪˈrɛkʃən(ə)l ˈʧænl /Communication channel open for a certain period of time between two parties that allows both to send and receive crypto.
Bitcoin
noun / bɪtkɔɪn /The first Cryptocurrency in history, often referred to as Digital Gold. This term refers to the cryptocurrency (also called BTC) and the blockchain network. Originating after the 2007 financial crisis and the first to utilize a decentralized P2P network.
Block Explorer
noun / blɒk ɪksˈplɔːrə /Blockchain search engine for transaction, wallet and smart contract.
Blockchain
noun / blɒkʧeɪn /Decentralized ledger where the cryptocurrencies' transactions are registered and verified.
Blockchain Game
noun / blɒkʧeɪn geɪm /Using a decentralized blockchain rather than a centralized server. In-game NFT assets are distributed across the network and are interoperable between games. Their scarcity is verifiable.
Bridge
noun / brɪʤ /Tool to transfer token or cryptocurrency from a protocol to another.
Buidl
noun / ˈbɪldəz /People working on the different use-cases linked to a blockchain. The misspelling is in reference to the famous HODL.
Bullish
adjective / ˈbʊlɪʃ /Being optimistic about a project or news.
Burn
verb / bɜːn /Action to reduce the supply of a token
Casual Game
noun / ˈkæʒjʊəl geɪm /Basic gameplay with short-timed attention required
Cold Wallet
noun / kəʊld ˈwɒlɪt /Crypto wallet disconnected from internet
Collectibles
noun / kəˈlɛktəbəlz /A project, the aim of which is to be collected. They may be avatars (PFP), animals, aliens or any other type of digital item.
Crypto Artist
noun / ˈkrɪptoʊ ˈɑrtəst /Originally said for artists being part of the crypto-art movement. Used today for creatives, including visual artists, musicians and filmmakers who choose to publish their work as an NFT on a blockchain.
Cryptocurrency
noun / ˈkrɪptoʊˈkɜrənsi /Running on a trustless peer to peer network, crytocurrencies transactions are verified and maintained by a decentralized system of computer nodes using cryptography.
Cryptographic
noun / ˌkrɪptəˈgræfɪk /which uses encryption algorithms to transmit data securely
Decentralized Apps (Dapps)
noun / dɪˈsɛntrəˌlaɪzd æps (dæps) /Dapps stand for Decentralized applications. They are an interface for smart contracts and are not controlled by a centralized source.
Decentralized Autonomous Organization (DAO)
noun / dɪˈsɛntrəˌlaɪzd ɔˈtɑnəməs ˌɔrgənəˈzeɪʃən /Group of individuals forming an online organization to support a cause or to create an independent community.
Decentralized Finance (DeFi)
noun / diːˈsɛntrəlaɪzd faɪˈnæns (diːfaɪ) /Decentralised finance represents many of the usual financial products we are used to including loans and bonds but using the exchange of crypto tokens.
Delegated Proof of Stake (DPoS)
noun / dɛlɪgeɪtɪd pruːf ɒv steɪk (diː piː əʊ ɛs) /Method used to validate transactions on the blockchain through delegating the voting power to a trusted authority, such as EOS or WAX.
Dump
verb / dʌmp /Sales that causes an asset to lose value.
Dungeon Crawling
noun / ˈdʌnʤən ˈkrɔːlɪŋ /Game where the main goal is to finish dungeons.
DYOR
verb / ˈdaɪə /Acronym for 'Do Your Own Research'. Meaning you should do some research about the team, the project, the tokenomics of a project.
Engagement Transaction
noun / ɪnˈgeɪʤmənt trænˈzækʃən /A type of transaction that occurs only when a channel on the Lightning Network (second layer of bitcoin) is opened.
EOSIO protocol
noun / iː-əʊ-ɛs-aɪ-əʊ ˈprəʊtəkɒl /Delegated Proof of Stake protocol created by EOS.IO. This protocol can be cloned to create its own blockchain.
ERC
noun / iː-ɑː-siː /Ethereum Request for Comment, token standard for the Ethereum network.
ERC-20
noun / iː-ɑː-siː20 /The token standard for fungible tokens on Ethereum.
ERC-721
noun / iː-ɑː-siː721 /The token standard for Non-Fungible Tokens on Ethereum
Ethereum
noun / ˈiθərˈriəm /A decentralized programmable software platform, it allows developers to create dApps without building their own blockchain. Its native currency is Ether or ETH.
Fast-paced
adjective / fɑːst-peɪst /A game where the rhythm of the actions is quick and requires good reflexes.
Fear, Uncertainty and Doubts (FUD)
noun / fɪə, ʌnˈsɜːtnti ænd daʊts (ɛf-juː-diː) /Acronym for Fear, Uncertainty and Doubts.
Fees
noun / fiːz /Each action or transaction on the blockchain requires a fee. On Ethereum, the Gas is the fee you pay and its prices fluctuate depending on the network's utilisation.
First Person Shooter (FPS)
adjective / fɜːst ˈpɜːsn ˈʃuːtə (ɛf-piː-ɛs) /Game where the camera is showing what the character sees through his eyes.
Flippers
noun / ˈflɪpəz /Trader who buys low to sell at higher price on a short period of time.
Floor Price
noun / flɔː praɪs /Lowest ask of an NFT collection.
Fungible Token
noun / ˈfʌnʤɪbəl ˈtoʊkən /Fungibility is an assets ability to be interchanged with another asset of the same nature and quality. A Fungible Token isn't unique and be exchange with the same token.
GM
noun / ʤiː-ɛm /Acronym for Good Morning. Someone is wishing you a good morning. Will you answer good morning?
GN
noun / ʤiː-ɛn /Acronym for Good Night. Someone is wishing you a good night. Will you answer good morning? May also be used to say goodbye to a project.
Hardware Wallet
noun / ˈhɑːdweə ˈwɒlɪt /Physical crypto wallet. An interaction in real world is needed to send a transaction.
Hodlers (HODL)
noun / ˈhəʊdləz (eɪʧ-əʊ-diː-ɛl) /Crypto slang for a person who holds their assets for a long time as opposed to flipping assets on a trade.
Hot Wallet
noun / hɒt ˈwɒlɪt /Online crypto wallet (always connected to the Internet).
Initial Coin Offering (ICO)
noun / ɪˈnɪʃəl kɔɪn ˈɒfərɪŋ (aɪ-siː-əʊ) /Way of fundraise a project through a token sale.
Know Your Customer (KYC)
noun / nəʊ jɔː ˈkʌstəmə (keɪ-waɪ-siː) /Procedure requiring identity verification (phone number, ID, photo...) before making a purchase or registration on a platform.
Lightning Network
noun / ˈlaɪtnɪŋ ˈnɛtwɜːk /Second Layer Protocol for Bitcoin. Created to scale Bitcoin in order to send more, cheaper and faster transactions.
Liquidity Pool
noun / lɪˈkwɪdɪti puːl /Resource used in Decentralized Finance to ensure liquidity between two tokens or cryptocurrencies.
Management Game
noun / ˈmænɪʤmənt geɪm /Every virtually simulated ecosystem like a city or a life need to be managed.
Marketplace
noun / ˈmɑːkɪtpleɪs /Platform to exchange digital assets.
Massively Multiplayer Online (MMO)
noun / ˈmæsɪvli ˌmʌltɪˈpleɪər ˈɒnˌlaɪn (ɛm-ɛm-əʊ) /Game where players can play online each others in a virtual world.
Metadata
noun / ˈmɛtə-ˈdeɪtə /Properties related to a token. I.e: number of edition, traits, quality, attributes, etc.
Metaverse
noun / ˈmɛtəvɜːs /Interconnected virtual worlds. NFTs mainly represent virtual land, they can also take the form of ‘wearables’ and and accessories to personalize your avatar.
Miners
noun / ˈmaɪnəz /Miners are computers running software connecting them to the network, using their time and computing power to process transactions and create blocks which are added to the Blockchain.
Mining
verb / ˈmaɪnɪŋ /Achieved by powerful computers connected to the Ethereum network and solving complex mathematical problems.
Mint
verb / mɪnt /Minting is the process of creating an NFT, you can ‘Mint’ your own tokens by writing an NFT contract or use one of the many platforms dedicated to the creation of NFT.
Node
noun / nəʊd /Nodes are used to keep the record of every transaction that occurred on the blockchain. Can be used to validate transaction, keep a partial or a full record of the transactions.
Non-Fungible Token (NFT)
noun / nɑn-ˈfʌnʤɪbəl ˈtoʊkən (ɛn-ɛf-ti) /A unique digital asset, Non-Fungible means each asset is individual and can’t be replaced with another. Humans are Non-Fungible.
Off-chain
noun / ɒf-ʧeɪn /Any action made outside a blockchain (Credit Card payement, Web2 login...).
On-chain
noun / ɒn-ʧeɪn /Any action recorded on blockchain (transaction, signature, mint, etc.)
Open World
noun / ˈəʊpən wɜːld /Used when the whole map is accessible for exploration to the player.
Pictures for Profile (PFP)
noun / ˈpɪkʧəz fɔː ˈprəʊfaɪl (piː-ɛf-piː) /Digital avatars that have been generated through an algorithm.
Play To Earn (P2E)
noun / pleɪ tuː ɜːn (piː2iː) /Where time spent within a game can be monetized.
Private Key
noun / ˈpraɪvɪt kiː /Private address used to send transactions. This should be kept secret.
Proof of Authority (PoA)
noun / pruːf ɒv ɔːˈθɒrɪti (piː əʊ eɪ) /Method used to validate transaction on the blockchain by a small group of trusted authority.
Proof of Stake (PoS)
noun / pruːf ɒv steɪk (piː əʊ ɛs) /Method used to validate transaction on the blockchain through staking a cryptocurrency.
Proof of Work (PoW)
noun / pruːf ɒv wɜːk (piː əʊ ˈdʌblju(ː)) /Method used to validate transaction on the blockchain through solving equations with computational calculations.
Public Key
noun / ˈpʌblɪk kiː /Public address to receive crypto transactions.
Pump
verb / pʌmp /Sales that causes an asset to earn value.
Real Time Strategy (RTS)
noun / rɪəl taɪm ˈstrætɪʤi (ɑː-tiː-ɛs) /Game to build an empire in real-time, meaning your competitors are doing the same and can attack you at any moment.
Rekt
noun / rɛkt /A familiar word used to describe a brutal and savage loss, usually referring to a negative financial investment.
Roadmap
noun / rəʊdmæp /Future objectives of a project.
Role Playing Game (RPG)
noun / rəʊl ˈpleɪɪŋ geɪm (ɑː-piː-ʤiː) /Role Playing Game, a gaming genre based on your control of a character in a digital world.
Satoshis
noun / sɑˈtoʊʃiz /Smallest unit of Bitcoin. 1 satoshi represents 0.00000001 BTC
Second Layer
noun / ˈsɛkənd ˈleɪər /Overlay of a blockchain used to provide additional functionality while keeping the security of the first layer (i.e Lightning Network and Bitcoin).
Seed Phrase
noun / siːd freɪz /12 or 24 words used to recover your crypto-wallet
Semi-Fungible Token (SFT)
noun / ˈsɛmi-ˈfʌnʤɪbəl ˈtoʊkən (ɛs-ɛf-ti) /SFTs are a mix between a Non-Fungible Token and a Fungible Token. SFT can be sold as either a bundle of the same token or individually.
Signature
noun / ˈsɪgnɪʧə /Action where the signature from the crypto-wallet is needed. Used to prove your identity (by owning the private key)
Smart Contract
noun / smɑːt ˈkɒntrækt /A program which runs on a Blockchain, a collection of code and data that has been stored at a specific address on its Blockchain.
Social Token
noun / ˈsəʊʃəl ˈtəʊkən /Token linked to an individual or organization with the objective of promoting a community and their social interactions.
Strategy Game
noun / ˈstrætɪʤi geɪm /Game where a strategy is needed to move forward.
Token
noun / ˈtəʊkən /Mostly distributed during ICO or Airdrop, tokens are dependents on a cryptocurrency and its blockchain.
Trading Card Game (TCG)
noun / ˈtreɪdɪŋ kɑːd geɪm (tiː-siː-ʤiː) /Card game where players fight against other players or collect rare cards.
Transaction
noun / trænˈzækʃən /Action on a blockchain which sends crypto-currency or interacts with a smart contract to store or initiate different programs. For example: Transferring an NFT.
Transaction Per Second (TPS)
noun / trænˈzækʃən pɜː ˈsɛkənd (tiː-piː-ɛs) /Number of transaction validated on the blockchain per second.
Voxel
noun / vɑksɛl /3D version of a pixel.
Wallet
noun / ˈwɒlɪt /Crypto-wallet to store crypto-currency and tokens.
Whale
noun / weɪl /Wealthy wallet with a valuable portfolio of cryptocurrency, NFT assets or both.
Zk-Rollup
noun / zikeɪ roʊlʌp /signature method used to reduce transaction fees
Zk-SNARKs
noun / zikeɪ ɛs-ɛn-eɪ-ɑr-keɪz /Method used to validate transaction anonymously.