NFT Terminology

Address

A place where you can send cryptocurrency \ NFT and from where, in the form of a string of letters and numbers.

Mint

The NFT purchase process.

Presale

Sale of NFT before its public offering to specific investors.

Supply

The number of NFTs on the drop.

Whitelist

A list of people who have priority when buying NFT.

Roadmap

This is a high-level visual summary that helps to outline the vision, as well as the direction of development of a particular product.

Whitepaper

A document issued by a crypto or NFT project that provides investors with technical information about its concept and a roadmap of how it plans to grow and succeed.

Diamond Hands

Long-term investors who do not sell their assets when they fall.

Paper Hands

Investors who sell all assets at the first opportunity or bad news

Airdrop

If we consider this concept in the NFT plane, then this is the distribution of NFT \ tokens for the retention of NFT.

Beta version

The preliminary stage of software release, at which access to it is provided to a certain number of users and third-party software testers for testing in real conditions.

Flipping

An investment strategy in which you buy something for the purpose of reselling it at a profit, usually within a short period of time.

Shilling

An act of enthusiasm in promoting a particular project

Metaverse

It is a digital universe that contains all aspects of the real world, such as interaction and real-time economics. It offers a unique experience for end users.

Play-to-Earn (P2E)

Blockchain Play-to-earn games are a way to make money just by playing the game.

Mint on the WL token and Mint on the wallet

WL token mint, this is when a token is sent to your wallet, in the presence of which you will be able to mint in the WL phase. The advantage of this method is that such tokens can be sold on such sites as FFF. Here you can also evaluate by the flor of the token whether the mint will be worthwhile or not.

Mint on the wallet, this is a regular mint, in which your wallet is entered into the database, which can be minted on the overhead phase

Pre-reveal and Post-reveal

Many projects conduct mint in the “unreveal" format. This means that after the mint you get an nft with an undisclosed pattern, which will manifest after a while.

After the mint in this format, we can see the following picture:

Before revil people do not know the rarity of their nft, and the excitement plays in them to keep it up to revil to find out if it is rare or not

After revil people with rare NFTs rejoice and put them above the minimum price. But those who got the usual ones are angry and drop the minimum price.

In projects with this method, mint is best sold before revil itself. People on the eve of revil because of the excitement begin to buy in large volumes