“WAGMI” = We’re all gonna make it
“NGMI” = Not gonna make it
“Few” = short for "few understand".
“hodl” = to hold (i.e. not sell) your coins/NFTs (especially as prices wildly fluctuate!)
“Ape” / “apeing” = to dive into a project recklessly without research / based on momentum
“Wen Moon” = when will the value of this asset go so high it reaches the moon?
“Probably nothing” = probably not any thing important (used sarcastically)
“Degen” = short for Degenerate, meaning taking unreasonably high trading risks
“DYOR” = Do your own research
“Rekt” = “Wrecked” (lost a ton of money)
“HFSP” = “Have fun staying poor”
“GM” = good morning
“GN” = good night
“Ser” = sir
“Fren” = friend
“Shilling” = being annoying about getting people to buy your art or buy your bags. Or trying to generate FOMO among others. Don't do it. Nobody likes it.
“Maxi” = derived from Bitcoin Maximalist. The belief that your crypto-chain is above all the best
“McDonald's” = our backup career plan in case the NGMI scenario comes true
“FUD” = Fear, Uncertainty and Doubt. An old sales trick, most commonly attributed to Microsoft in the 1990s.
“Generative Art” = art that is algorithmically generated, ideally in real-time when minted.
“PFP” = profile picture
“Mint” = the act of initially issuing a piece of art on the blockchain, either by the artist or the collector.
“Right Click Save As” = every non-NFT person's first "gotcha" move when learning about NFTs - demonstrating their vast technical capacity to download an image from a web browser.
“Floor Price” = the lowest available asking price on OpenSea / Larvalabs/etc either for a collection as a whole or for a subset of the collection. Imagine buying NBA tickets, sorting by price, and the cheapest is a $60 nosebleed seat = $60 is a floor for that game
“burning” destroying your NFT; why burn NFTs? to decrease supply & thus increase price of remaining relevant NFTs
“sniping” = getting a great deal