What are the most popular NFT words among cryptocurrency enthusiasts?

1 answers

• Sicu Bogdan AndreiJul 10, 2020 · 5 years ago
  Ah, NFTs! They've become quite the hot topic in the crypto world. Here are some of the most popular NFT terms that you'll hear buzzing around: 1. Non-Fungible Token (NFT): A unique digital asset that represents ownership or proof of authenticity. 2. ERC-721: The Ethereum token standard used for creating NFTs. 3. Decentralized Marketplace: A platform where NFTs can be bought, sold, and traded directly between users, without intermediaries. 4. Digital Collectibles: NFTs that represent virtual items, such as artwork, music, or in-game assets. 5. Rarity: The scarcity or uniqueness of an NFT, which can greatly impact its value. 6. Gas Fees: The transaction fees required to perform actions on the Ethereum network, such as minting or trading NFTs. 7. Metaverse: A virtual reality space where users can interact with each other and digital assets, often mentioned in the context of NFTs. These terms should give you a good understanding of the NFT landscape!
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