Do you see people posting stuff like “GM” and “degen” every time you open Twitter? And perhaps, you’re too shy to ask exactly what it all means.

Don’t worry, we got you. Check out this list of the most common NFT slang words you need to know!

Degen

Short for “degenerate”. It refers to someone who makes risky bets on NFTs. 

Diamond Hands

Diamond hands refers to someone who believes that their NFT is valuable enough to be held long-term. It is the opposite of paper hands. 

Drop

This refers to an NFT’s debut. Example: Steve Aoki’s first-ever NFT drop is tomorrow. 

Gas fees

Gas is a fee paid to complete a blockchain transaction on the Ethereum network. The fee goes to miners as compensation for their computational effort to validate the transactions and add them to the blockchain. 

GM

Good morning. Popular abbreviation the NFT community uses to greet each other.

GN

Good night. GM & GN.

LFG

“Let’s F***** Go”. Used to express extreme excitement, usually about an NFT project.

Mint

Minting refers to the process of creating an NFT on the blockchain. The token is minted on a blockchain such as Ethereum; once it is minted it has unique metadata, which can be stored, traced, and traded. 

NGMI

Not gonna make it. A derogatory term used for people or projects trying to rip other people off. 

Paper Hands

Paper hands is a slightly rude term used to refer to someone who doesn’t support a project long-term and sells an NFT for a quick flip in the hope of a quick gain. It is the opposite of diamond hands. 

One of One

This refers to NFT art pieces with only one edition minted on the blockchain. Artists can choose to mint many editions of the same piece, but a one of one is unique and more valuable as only one person can own that particular artwork. 

Open Edition

The opposite of limited edition. Open edition drops allow buyers to mint as many editions as possible of the NFT on sale within a certain time frame, such as three minutes. There is no limit to the amount of NFTs that can be minted within that time frame. 

WAGMI

WAGMI = We all gonna make it. A slang term with a positive outlook referring to everyone one day being successful in the NFT space.

Now that you’re armed with these cool NFT slang words, LFG!!