THE NIFTY DICTIONARY

Demystifying NFT terminology, jargon, and slang, one definition at a time

DIAMOND HANDS

A long-term NFT holder; a person not concerned by short term NFT price fluctuations.

noun

DROP

noun or verb

To debut an NFT and make it available for purchase at a specific time and place.

Or, such a debut.

GAS

noun

On the Ethereum network, gas is a fee that must be paid to the network in order to make a transaction.

MINT

To create an NFT on a blockchain.

verb

NFT (AKA "NIFTY")

A digital asset that has been linked to a blockchain, making it unique and traceable.

noun

ONE OF ONE (1/1)

An NFT that has been issued as a single edition; a unique NFT, with no official copies. Generally seen as more valuable than multi-edition NFTs.

noun

OPEN EDITION

An NFT for which an unlimited number of editions may be minted. The opposite of a limited edition, such as a one of one.

noun

PAPER HANDS

A short-term NFT holder who is likely to resell for a small profit or a loss. The opposite of diamond hands.

noun

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