Entering the web3 space can be incredibly confusing.
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“Gn fren. Dw about the Bear and the FUD, the FOMO will kick back in soon enough - just make sure you HODL until we hit the moon. WAGMI”.

Lost? Don’t worry. Read on and you'll soon understand.

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‍FUD‍

Stands for Fear, Uncertainty and Doubt. This is often used when someone is sharing bad news about a project or crypto in general. 

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Bull/Bear Market
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These are actually old investment terms, but are often used in the NFT Space. A Bull Market is when prices in the market are trending upwards, and a Bear Market is the opposite. A Bullrun is when a project price has steadily risen. 

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FOMO

Fear of Missing Out.  A lot of the crypto and NFT space is driven by the fear of missing out on the next big thing. 

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REKT

Slang for wrecked. Used when an investment has gone badly. 

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FRENS

Slang for friends. Used a lot in the NFT space. 

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GM / GN

Good morning / Good night. 

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The Flippening

Hypothetical scenario when Ethereum beats Bitcoins market cap (most money invested in a crypto project)

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HODL

Hold on for dear life - often used in Bear Markets when folks are stressed and leaning towards selling, but stick around. Probably originated from a typo of HOLD. 

To The Moon

“Mooning” is when a project rises sharply in value. 

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Whale

A whale is a wealthy investor, holding enough wealth to be able to make significant changes in projects value. For example, if they are holding a large amount of tokens from a project, and sell (“dump”) them all at once, the projects overall value can take a large hit. Whales can play a big part in which projects “make it” or which get “rekt”.

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Minting 

Minting is when an investor “mints” an NFT from a website (and smart contract).  Minting usually costs a fee + network fees, and after the process is complete, an NFT makes it into the users wallet.  

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Wen Mint?

“Wen” is simply slang for “when”.  

“Wen mint?” is a common phrase among communities for eager investors to get their hands on NFTs earlier in the project. 

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Probably Nothing

A phrase used sarcastically to mean the opposite. “The NFT collection has surpassed 200ETH in trading volume. Probably nothing”.

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LFG

“Let’s F***cking goooo!”  A term of excitement, especially in the early stages of a project. 

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WAGMI

A commonly used phrase in the space to signal comradery and hope. “We’re all gonna make it”.

Make it in this case usually refers to financial freedom. 

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