An alternative buzzword adopted to replace the term 'whitelist'. An allowlist is a process where wallet addresses are added to a private presale list.

An all-time high is the highest price that an NFT collection or token has reached in its entire history.

Information or advice that would give someone an edge in the market and can be used for financial gain. It can also be used to talk about sharing new information that would otherwise remain unknown.

Any cryptocurrencies other than bitcoin. Ethereum, Polygon, and Binance Coin are some examples of altcoins.

To 'ape' into something is when someone buys into a Web3 project without doing their own research (DYOR). This usually occurs when one overspends and buys a lot of NFTs out of FOMO.

Refers to when an NFT brand or project periodically airdrops a piece of art as a reward or utility totheir NFT holders.

Refers to the highest buy or lowest sell offer currently available on a particular cryptocurrency exchange.

A cryptocurrency created by the pseudonymous developer(s) Satoshi Nakamoto and is the first virtual 'peer-to-peer' currency. Bitcoin uses a “Proof-of-Work” consensus protocol.

The first-ever cryptocurrency transaction where Bitcoin was exchanged for a physical good; Two pizzas were bought for 10,000 BTC.

A block is a group of transactions that make up a blockchain. It holds an encrypted hash of the previous block in the chain so that it knows the order of which block came first. This system is necessary to prevent fraud and to ensure synchronization across the blockchain’s network.

A shared, immutable ledger that records every single digital transaction made and allows anyone using the same computer to track assets. It is akin to a public accounting logbook/database that is accessible for anyone to see.

A tool or website that allows users to view and search the transactions on a blockchain network.

Typically used to describe an NFT brand or project that is trusted in the public eye, both due to its achievements and consistent financial success.

The process of converting (bridging) your tokens from one blockchain to another. It connects two blockchains to enable interactions between them without having to sell your original digital tokens.

An abbreviation for bitcoin.

A term used to show positive sentiment towards the market or a digital asset under the belief that there will be upward price movement over time

When the NFT or crypto space experiences a sustained increase in the value of digital asset prices. Bull markets are usually characterised by a greater demand than supply of digital assets. It may also imply growing optimism from traditional financial institutions and mainstream supporters.

The process of permanently removing a digital asset out of circulation to an unretrievable address that is inaccessible by anyone. This is done to either remove unwanted inventory, be used as a mechanism to decrease the supply of a digital asset over time or eliminate any unsold stock.

A platform where users can buy, sell, and trade cryptocurrencies in a centralized manner, typically requiring personal information and KYC verification.

In traditional finance, transactions are typically facilitated and managed by financial middlemen and third parties. Customers trust the bank to hold onto their money for them and use their services to trade with each other.

A place to store digital assets offline and secures them against bad actors in the Web3 space by isolating the assets from the internet.

Also known as consensus protocols. These are methods used in blockchain systems to ensure that blocks are synchronized, secure, and contain the same information across a decentralized computer network. Examples include the Proof of Work (PoW) and Proof of Stake (PoS) consensus protocols.

A piece of information, such as an email address or phone number, used to verify the identity of a user on a blockchain network.

A digital currency that uses cryptography as a means of security. It is an intangible medium of exchange that are borderless, secure and the native tokens of a given blockchain. For instance, Ethereum's native cryptocurrency is Ether (ETH).

Cryptography is a method of protecting information through the encryption and decryption of codes. In the blockchain, cryptography is a method used to secure important data to prevent unwanted or unauthorized parties from accessing and gaining sensitive/private data.

Refers to a service or platform that holds control of users' private keys, such as a centralized exchange. This means that users are not in charge of their own security but delegate it to a third-party (namely the service or platform).

An application built on a decentralized network by combining smart contracts with a frontend user interface. It is like any other digital application but built with the feature of using blockchain technology. This is to prevent users' data from being controlled by any one authority or party.

A group of individuals who work together to contribute to a mission and set of goals without a central authority. DAOs operate under enforceable rules through code and the blockchain.

Decentralized exchange, a platform where users can buy, sell, and trade cryptocurrencies in a decentralized manner, typically not requiring personal information or KYC verification.

DeFi is one application of blockchain technology and it enables digital transactions between multiple parties without the need for a third party or financial intermediary. This is enforced and powered by smart contracts and verifiable by the transparent nature of the blockchain.

A shorthand version for 'degenerates' that is often thrown around in the context of when a trader decides to trade without doing any research and FOMOs into price floor pumps.

The act of allowing someone else to act on your behalf, such as delegating voting rights to a proxy.

The act of delisting or removing your NFTs from an NFT marketplace.

Used to describe people who hold one or more NFTs from a collection for the long term.

An online platform that NFT projects use for connecting to their community.

Used to describe when a Web3 project’s identities are known to the public. Alternatively spelled as doxxed.

Short for "do your own research" and is often used in the context when someone mentions a cryptocurrency, NFT project, or brand so that it is not taken as financial advice.

A decentralized and open-source blockchain with smart contract functionality.

A blockchain explorer for the Ethereum network. It allows you to search for transactions, smart contracts, wallet addresses, and other relevant on-chain data that you might need.

Short for "fear of missing out". Usually used in the context of traders or buyers who experience the feeling of “missing out” by not buying into a project or collection.

The act of dividing the ownership of an NFT into smaller fractions that are tied to the whole. It represents proportionally shared ownership of an NFT.

A colloquial Web3 ​​​word for 'friend'.

Short for "Fear Uncertainty and Doubt". FUD is thrown around on Web3 Discord or Twitter. Often seen in the context of the negative news of a digital asset or when someone is skeptical about the NFT project's creators or team.

When something is exchangeable for something else of a similar kind.

A phenomenon that occurs when network traffic on a network is high. This happens when demand for an NFT collection is high and individuals intentionally pay higher gas fees than required so they have a higher priority for their transaction.

Short for "Good Morning" and can be seen on Web3 Twitter and Discord channels.

Short for "Gonna Make It" and is used in the context of showing support for a project, brand, or person in Web3 Twitter or Discord.

Short for "Good Night" and can be seen on Web3 Twitter and Discord channels.

A type of cryptocurrency that allow tokenholders to vote on the direction of a blockchain project. The primary purpose of governance tokens is to decentralize decision-making and to give holders a say in how the project is run.

A very small amount of Ether (ETH) that is used as the unit of measure for Ethereum gas prices. 1 GWEI = 0.000000001 ETH.

Short for "Holding Onto a digital asset for Dear Life" and is often used when a crypto price or the floor of an NFT collection tumbles. Holders are encouraged to “hold on” as prices drop for their asset in hopes that it will return to its initial value.

A person or entity that owns a particular token or cryptocurrency.

A hot wallet is any digital wallet that is connected directly to Web3 dApps. This makes the wallet more vulnerable to online attacks or phishing attempts.

Any asset that is collected, used, or found in the context of a gaming environment. Can refer to aesthetic or functional assets that users can use in a game.

A crowdfunding approach for raising capital. Tokens are sold in a public sale to fund a crypto project.

Short for “InterPlanetary File System”. A distributed peer-to-peer filesharing system that hopes to change the way information is distributed for a more distributed and transparent web.

Short for "In Real Life".

Third party protocols that are integrated and connected to an underlying blockchain.

The act of listing or adding your NFTs to an NFT marketplace with the intention to sell it. May also refer to cryptocurrency tokens.

A phrase used jokingly to describe an NFT that actually isn't rare at all.

Short for Maximialist, a phrase coined by Ethereum founder Vitalik Buterin. Refers to someone who believes that their Web3 project will be the dominant one in a certain space.

Data or information about other data (by providing the nature, structure, and context of the data).

A cryptocurrency digital wallet that enables users to access the Web3 ecosystem of decentralized applications (dApps).

A version of the internet that is built around the idea of virtual reality, augmented reality, and the blockchain for trading digital assets. It is a place that would allow people to work, play, shop, and do other things in a virtual experience.

The process of verifying new transactions on a blockchain.

The process of converting digital files (like a PNG, JPEG, MP4, or MP3) into digital assets that are stored on the blockchain and ready to be traded. Also refers to the primary sale of an NFT project.

A subgenre of play-to-earn. Move-to-earn games reward users for moving around or completing physical activities in the real world.

Short for "multi-signature," a feature that requires multiple parties to sign off on a transaction before it can be executed on a blockchain network. This most frequently appears on a DAO's treasury wallet, where multiple "custodians" must sign off on any transaction.

Short for “Not Gonna Make It”. Used as a way to make fun of people who have overly negative, or “bullish” opinions about crypto, or people who fail to understand Web3 concepts.

Refers to devices or computers. This usually refers to devices that are network stakeholders of a given blockchain.

Refers to a service or platform that does not hold control of users' private keys, such as a decentralized exchange. This means that users are in charge of their own security and privacy.

Digital assets that live on a blockchain that are powered by a smart contract to prove ownership of it. NFTs can also be associated with physical assets and represent other real-world objects like art, music, real estate, and more.

A service that allows users to easily convert their fiat into any specified cryptocurrency.

The largest and most popular marketplace for crypto collectibles and NFTs which allows you to sell, buy and discover digital assets through an accessible user interface.

Individuals can transact with each other directly without any need for third parties or intermediaries to facilitate the connection.

Short for “Profile Pictures”. Refers to NFTs that have art that is akin to social media profile pictures.

A word that combines "physical" and "digital" together. It is a concept thrown around to talk about bridging the digital world with the physical world to provide interactive experiences for the user.

A term associated with games that allow individuals to make a living by playing video games. P2E assets are either earned or rewarded and can be sold for cryptocurrencies or fiat.

Short for "Proof Of Attendance Protocol". These are NFT collectibles that live on the xDai network and are given out during events or other online community activities (like on Discord) to signify that the user attended a particular event.

A period of time before a token or cryptocurrency is made available to the public, during which it is sold to early investors at a discounted price. This is often done in tandem with an "allowlist", where buyers on an allowlist get early access (presale) to the tokens before the general public.

A string of numbers and letters that should be kept securely and never shared with anyone. If others have access to your private key, they have the capacity to move around your digital assets. This key is needed to verify transactions when you choose to move around or sell your digital assets.

A mechanism that allows someone to validate or mine cryptocurrency based on how many tokens are “staked” by the person. The idea is that miners in a blockchain that operates through a PoS model will be less inclined to attack a network if they have a big stake in the given blockchain.

A mechanism used to verify the accuracy of new transactions being added on the blockchain. It requires members of the network to solve a complex mathematical puzzle and if successful, gives them a reward. This is done to prevent a bad agent from disrupting transactions. This mechanism takes up a lot of computational energy.

Used for encrypting data and can be freely circulated without any security concerns of unsolicited changes.

A coordinated effort to artificially inflate the price of a token or cryptocurrency.

A term taken from the stock market to describe market manipulation. It is often carried out by a group of individuals who talk about buying into an NFT project or cryptocurrency to artificially drive up (pump) its price. When the price is high, they exit and sell their shares. This sudden sale drives the price down (dump) and potentially crashes the price.

A proposed timeline of updates, additions, and changes to any Web3 project. Web3 projects without any credibility tend to be judged based on their team's experience and the depth of their roadmap.

Used to describe a feeling of being scammed or frauded. The feeling comes after buying into a “rug pull”.

A scam where the developers of a project abandon it shortly after making profits from the launch of a Web3 project. Investors/holders then feel “rugged”.

A string of words that acts as the master password for accessing your crypto wallet and should never be shared with anyone or stored online, as it can be used to access your wallet and transfer your digital assets around. Also known as a recovery phrase.

A colloquial crypto word for “sir”. This term has been flagged for non-inclusive language since it assumes the person you are speaking to is a man.

Often used when someone actively promotes (or self-promotes) a cryptocurrency, ICO, or NFT collection through unsolicited DMs, Twitter comments or Discord messages. Most of the time, the community looks down on people who do this as they promote it out of self-interest rather than a collective interest.

Contractual agreements enforced through computer code instead of traditional intermediaries. It allows multiple parties to be accountable for what they sign and agree to do.

A programming language created by the Ethereum Network team for constructing and designing smart contracts on Blockchain platforms.

It refers to permanent, non-transferable, and non-tradeable NFTs that are tied to a person's or organization's identity. This could include things like real-life achievement badges, completing a degree, an internship experience you've completed, or maybe even your passport (in the future).

Stablecoins are digital currencies pegged to real-world assets, like fiat currencies or commodities.

A way of earning rewards for holding certain cryptocurrencies and locking the tokens away for a period of time.

Also known as the Ethereum 2.0 or Serenity upgrade. It was an upgrade to the Ethereum blockchain network that aimed to improve its scalability, security, and sustainability. The Merge was the update named for when Ethereum went from a Proof of Work to Proof of Stake network.

A digital asset that represents a specific asset or utility and can be traded on a blockchain network. It can refer to either a cryptocurrency token or a non-fungible token.

The study of the economic aspects and principles of a particular token or cryptocurrency, including its issuance, distribution, and use.

A fund or reserve of cryptocurrency, typically held by a decentralized autonomous organization (DAO), used to finance the development and maintenance of the organization or project.

Generic units that are representative of a given volume of 3D space.

The place where you can store your digital assets like cryptocurrencies and NFTs. A functional wallet includes both private and public keys, a wallet address, and a seed phrase.

A string and combination of different characters to identify the location of a wallet that can receive and send digital assets on a given blockchain. Similar to a website address but instead of bringing a user to a website, a wallet address points to a specific wallet.

Web 1 is the first phase of the web or the 'read-only' web.

Web 2 is the second phase of the web, marked by the rapid growth of social media and @username handles. It refers to the 'read-write' web where user-generated content can be shared and interacted with one another.

Web3 is the third phase of the web that we are currently entering or the 'read-write-own' web. It refers to a value-exchange model through digital assets, rather than just the exchange of information. This is also marked by the decentralization of information and digital assets.

A phrase thrown around on Discord channels and Twitter when there is talk about when the value of the Web3 project or brand will go super high.

WETH is the short form for Wrapped Ether, which is used to make an offer to buy an NFT or to bid on an auctioned NFT.

Used to describe individuals or entities that hold a large number of digital assets like NFTs or cryptocurrencies.

A way to add wallet addresses to a presale list for a project mint or launch. This term is flagged next to it since it isn't an inclusive or diverse term. It is problematic because it implies the binary of white is good/black is bad.