What is an OG in NFT?

OG. OG means original gangster. It means the people who were here early and earned respect in the NFT space. Similar to early adopters.

What is the rarest NFT?

CryptoPunk #5822 was sold for 8,000 ETH in February 2022 to the CEO of a blockchain technology startup. It comes from the rarest alien edition — there're only 9 of them in the entire NFT collection.

What does GM mean in NFT?

gm stands for “good morning”, but in the crypto and NFT world, it is more than a greeting as it expresses that idea that "we are early" and our future is bright.

What does WL mean in NFT?

WL is short for whitelist. Generally, whitelisted members are able to mint the NFT during the presale period. The pre-sale can last for hours, or days, ahead of the public sale, and differs from project to project. Whitelists are commonly granted to early community members and those who contributed to the project.

What does LFG mean in NFT world?

"Looking for Group" is the most common definition for LFG on gaming apps, such as Discord and TeamSpeak, as well as on Snapchat, WhatsApp, Facebook, Twitter, and Instagram. LFG. Definition: Looking for Group.

If NFTs Were Honest

What is original gangster in NFT?

OG. OG means original gangster. It means the people who were here early and earned respect in the NFT space. Similar to early adopters.

What does CCO mean NFT?

A CC0 (creative commons – no rights reserves) NFT is a form of copyright that enables the creator to allow their NFTs to be owned by others.

What is OG mean in crypto?

(crypto Original Gangster) Slang for a founder of any early crypto blockchain such as Vitalik Buterin, who invented Ethereum. A crypto OG can also refer to an early investor in Bitcoin or Ethereum. See OG.

What is FP in NFT?

Floor price. Floor price means the lowest entry price listed for an NFT project.

What does SPA mean in NFT?

Over the last couple of months we've been working on something big here at OV – a new fundraising mechanism for NFT projects, using NFTs themselves that we call the NFTSPA (short for NFT Simple Pre-Purchase Agreement, pronounced “Nifty Spa”).

What is LFG mean in crypto?

LFG -- “Let's go!” (with an expletive added in the middle). A common crypto rallying cry. Not coincidentally, these are also the initials of the Luna Foundation Guard, a group of investors that back the controversial stablecoin TerraUSD.

What does NGMI mean in crypto?

NGMI stands for “Not Going to Make It”. NGMI means you will not be successful due to a bad decision or poor judgement. For example, if someone sells an NFT at a loss while others believe in the project's long-term success, the seller may be judged as NGMI. WAGMI stands for “We're All Going to Make It”.

What does mint mean in NFT?

“Minting” an NFT is, in more simple terms, uniquely publishing your token on the blockchain to make it purchasable. A simple step-by-step for starting this involves creating a digital wallet, specifically one that securely stores Cryptocurrency (well-known wallets include Coinbase, MetaMask, and Rainbow).

What is the most expensive NFT sold in 2021?

1. Beeple, Everydays: The First 5000 Days – $69.3 million (38525 ETH) The single most famous NFT sale (and the most expensive NFT sale) in 2021 was Beeple's Everydays: The First 5000 Days.

How much do NFT artists make?

The average NFT royalty typically ranges from 5-10%. In most NFT marketplaces, the creator can choose their royalty percentage and the payments are automatic upon each subsequent sale in the secondary market.

Is NFT easy to sell?

Most people interested in creating and selling NFTs are digital creatives. So in short: Yes, it is hard to sell an NFT unless you already have an audience. As with anything, you need to find your buyers, and they don't come just because you uploaded something on a marketplace or website.

What does RAID mean in NFT?

Raids refers to doing a flash campaign on Twitter or other social media platforms. Some NFT projects like to use raids as a way to keep the community engaged in order to promote their NFTs.

What is a moon boy crypto?

The Moon Boyz is a collection of 11,111 unique ERC-721 tokens living on the Ethereum Blockchain. Unique and 3D designed, each NFT comes with a full membership to an ever-growing community and awesome utilities.

What does 888 mean in crypto?

Angel #888 is a reminder to thank the Universe for blessings and miracles @888tnw #888innercircle.

Can I use Creative Commons images for NFT?

Creative Commons CEO Catherine Stihler answered in a very good analysis of the subject. In short, NFTs are not related to copyright, and as CC licences are copyright licences, they may not interfere with potential uses of CC content.

Can you sell Creative Commons?

What is Creative Commons? As the copyright owner in your work, you can sell or license it to others, which could be done through a contractual agreement.

Can you use public domain images for NFT?

You can even sell public domain art, as it is. But remember, when you mint an NFT, it must be your original work. Therefore, you should never mint a public domain piece (unless you're using only some parts of it).

What is whitelist in NFT?

NFT whitelisting is the process of getting a crypto wallet address pre-approved for minting. Besides minting priority, users of whitelisted addresses may enjoy other benefits like reduced transaction fees and exclusive content, depending on the project.

Is it better to mint or buy NFT?

In addition, buying an NFT at market can help you save on overall costs. Timing your purchase when network activity is low can save money on gas fees, giving you the opportunity to get in at a reduced price point compared to minting.

Can you mint an NFT for free?

The good news is that many popular platforms have now introduced a free minting feature to create NFTs, exclusive for broke people looking to hop onto the NFT bandwagon. The feature is relatively easy and, of course, free for everyone. Also, there is no coding required to complete the process.