Diamond hands is a term for someone who plans to hold onto an NFT long-term. The opposite of paper hands.

Paper hands is a derogatory term for someone who quickly sells an NFT, or sells in a panic when market prices drop. Opposite: Diamond Hands.

A 1/1, or one of one, is an NFT that has been issued as a single, unique edition. Generally more valuable than multi-edition pieces.

An open edition is an NFT for which any number of editions can be minted, in contrast with a limited edition.