The NFT world started with finance and gaming. You’ll notice these origins in many words below, as the jargons from these worlds are now merging into this new crypto-twitter lingo. Enjoy!
This means a unique work, a short way to say it is an edition of one.
Airdrop refers to sending NFTs or tokens to users’ wallets, usually for free. Typically, projects airdrop NFTs to promote their collection or to reward someone for their loyalty, participating in competitions, and so on.
This comes from the investing/hedge fund community, when a stock outperforms due to the manager’s knowledge vs. beta (the market’s performance). It became a synonym for good insights.
An anon is someone who is anonymous (or really pseudonymous) in the crypto space. Many collectors, artists and projects don’t reveal their real names.
Artist proofs somehow disappeared from the crypto art space. The promise of automatic resale royalties (which are not enforced throughout yet) somehow replaced the need for the retention of an artist proof as a retirement fund.
Some projects, like Left Gallery, are trying to bring back APs by releasing unique editioned NFTs as 1+1AP, where the 1 NFT gets sent at the time of purchase to the collector and 1 NFT gets sent to the artist wallet.
A digital representation of you! Therefore, Avatars can be 2d images that represent you online, or they can be 3d hyper-realistic beings ready for the metaverse. Avatars are human personification in the digital world.
A blockchain is a distributed ledger (or database) that can securely store information digitally. Notably, blockchains store data across distributed devices (nodes) of a worldwide computer network. In other words, a decentralized server stores and manages the information, instead of a single centralized server. The technology facilitates an immutable and transparent record of information, which is always accessible to the public. For this reason, blockchains are popular for their use in cryptocurrency and NFT systems.
Art that exists or interacts with the blockchain as NFTs or not. An academic paper from 2019 claimed, “There is no such thing as blockchain art”.