A Glossary of NFT Terms | Learn basic NFT terms | Whitingo (2023)


Beeple is the professional name ofMichael Joseph Winkelman, an American digital artist, graphic designer, and animator. He is known for using various mediums to create comic and ghostly works that make political and social commentary, using pop culture figures as references.


Bitcoin is a decentralized digital currency with no central bank or single administrator that can be sent from user to user without intermediaries over the peer-to-peer bitcoin network.


A blockchain is a distributed database shared between nodes on a computer network. Like a database, a blockchain stores information electronically in a digital format. Blockchains are best known for their crucial role in cryptocurrency systems like Bitcoin to maintain a secure, decentralized ledger of transactions. The innovation in a blockchain is that it ensures the fidelity and security of a data record and builds trust without the need for a trusted third party.


Cardano is a public blockchain platform. It is open source and decentralized with consensus achieved through Proof of Stake. It can facilitate peer-to-peer transactions using its in-house cryptocurrency, Ada. Cardano was founded in 2015 by Ethereum co-founder Charles Hoskinson.

Cold wallet (also called hardware wallet)

A cold wallet is a physical device that keeps your crypto assets (e.g. cryptocurrency, NFTs) completely offline.Many of these cold wallets look like USB sticks. A cold wallet is much more secure than the so-called hot wallet (see below) as it keeps your crypto assets offline. The downside is the possibility of losing your device and therefore the assets it contains. Col wallet providers include Ledger Nano, Trezor, CoolWallet. For a more complete list, please go toHere.


Coldie is an award winning mixed media artist whose stereoscopic 3D art has been featured at national art shows, major cryptocurrency events and live auctions. ... Off-center portraits are created by taking more than 10 images of each person and recombining them into a stereoscopic 3D collage

colored coins

The term “color coins” broadly describes a class of methods for representing and managing real-world assets on the Bitcoin blockchain.

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beepsmost expensive NFTVideo.

crypto kitty

CryptoKittiesis a blockchain game on Ethereum developed by Canadian studio Dapper Labs that allows players to buy, collect, breed and sell virtual cats. It is one of the first attempts to use blockchain technology for recreation and leisure.


CriptoPunksare a set of 10,000 pixel art images, each of which is a character generated exclusively by Larva Labs in 2017. Digital asset platform Anchorage helped Vis acquire CryptoPunk7610.

Kryptopunk #7523

Masked Alien #7523is one of nine Alien Cryptopunks. He's the only one with a mask. The growth of the NFT ecosystem and its rapid rise on the global cultural scene must be attributed in part to the closure of our physical world during COVID-19.

Damien Hirst

Damien Steven Hirstis an English artist, businessman and art collector. He started The Currency project, which sold 10,000 unique hand-painted works covered in paper dots, each corresponding to a non-fungible token. He is reportedly the UK's richest living artist with an estimated net worth of $384 million in 2020


A decentralized application (DApp, dApp, Dapp or dapp) is a computer application running on a decentralized computer system. DApps have been popularized by distributed ledger technologies (DLT) such as the Ethereum blockchain, where DApps are often referred to as smart contracts.


Decentraland is a decentralized 3D virtual reality platform consisting of 90,601 plots. Virtual Estate in Decentraland are NFTs that can be purchased by the MANA cryptocurrency, which is based on the Ethereum blockchain. It opened to the public in February 2020 and is maintained by the non-profit Decentraland Foundation.


Dogeis an internet meme that became popular in 2013. The meme usually consists of an image of a Shiba Inu dog accompanied by multicolored text in Comic Sans font in the foreground. The text, which represents a kind of interior monologue, is deliberately written in broken English.

(Video) 40+ NFT Terms To Know | NFT Terms 101 | NFT Glossary


Motoris a blockchain-based gaming platform focused on creating player-owned digital items such as “NFTs” (non-fungible tokens). They provide ways to create tokens that can be used in multiple video games as well as multiple platforms from PC to mobile. Enjin NFTs allow players to take real ownership of their in-game items and trade them with others in-game and out-of-game


ERC-721refers to a token pattern found on the Ethereum blockchain.

Ethereum 2.0

Ethereum 2.0(ETH2) is an upgrade to the Ethereum network that aims to improve the security and scalability of the network. This upgrade involves shifting Ethereum from its current mining model to a staking model.


A collage of 5000 digital imagescreated by Winkelmann for his Everydays series. The related non-fungible token (NFT) sold at Christie's in 2021 for $69.3 million, the most expensive NFT and one of the most expensive works by a living artist.


Fidenza line by artist Tyler Hobbsconsists of 999 unique Art Blocks representing a pattern of colorful squares and rectangles generated through an algorithm. Fidenza #313 in the series recently sold for 1,000 ETH, just over $3.3 million at the time of the transaction. The artwork sold to the previous buyer on June 11th for just 0.58 ETH (about $1,400), representing a truly impressive return in two months.

fractional NFT

fractional NFTare NFTs that have been split into smaller parts by their original owner. They can be divided into just 2 parts or even billions! This allows anyone to partially own iconic NFTs like CryptoPunks. When an NFT is split, the parties are locked into a smart contract


FUD describes the spread of "Fear, Uncertainty and Doubt" (usually through the media). FOMO describes the "fear of missing out".[1][2]


Frederic Duquette pseudonymFVCCRENDERis one of the most prominent artists in the NFT space, making a splash by selling an artwork for 25 ETH. It has been featured on Nifty Gateway and SuperRare. A Vancouver-based self-taught 3D artist, he focuses on "crisp architectural geometry, radiant futurescapes, and brilliant crystalline arrangements."

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gas charges

NFT Gas is the name given to the fee most NFT trading platforms charge. These are incurred to carry out the transaction or execute a contract on your blockchain platform. Gas prices on Ethereum are given in Gwei units. It is determined by the amount of network traffic and processing power required to complete a transaction. To learn more about gas tariffs, visitHere.


Vercold walletabove.

Hot wallet (also called software wallet)

A hot wallet refers to a virtual wallet that can be accessed online and facilitates cryptocurrency transactions between the owner and end users. The most popular hot wallet is Metamask. Other hotwallers are Walletconnect, Coinbase and Fortomatic (Here is a longer list of hot wallets). Note that because hot wallets can be accessed online, they are more vulnerable to attack than so-called "cold wallets" (also called "hardware wallets").

Jack Dorsey

The CEO of Twitter sold an NFT ofyour first tweetfor $2.9 million.


A public ledger derives its name from the ancient recording system used to record information such as commodity prices, news, and analysis. The public ledger was available for inspection and review by the general public. As cryptocurrency-based blockchain systems have emerged, relying on a similar record-keeping mechanism and public verification, the use of the public ledger has gained popularity in the cryptocurrency world. This article takes a look at cryptocurrency public ledgers, how they work and the challenges they face.


Minting an NFT makes your digital artwork part of the Ethereum blockchain - a public ledger that is immutable and tamper-proof. Similar to how metal coins are minted and circulated, NFTs are also tokens that are “minted” after being created.


Mintable is a Singapore-based non-fungible token (NFT) platform developed by Mark Cuban. It currently “aspires to become the largest NFT marketplace in the world, cataloging every NFT ever minted on Ethereum as part of a major platform upgrade.”


A non-fungible token (NFT) is a unique, non-exchangeable unit of data stored on a digital ledger (blockchain). NFTs can be linked to playable digital files such as photos, videos and audio. NFTs use a digital ledger to provide a public certificate of authenticity or proof of ownership, but do not restrict the sharing or copying of the underlying digital files. The lack of interchangeability (fungibility) distinguishes NFTs from blockchain cryptocurrencies such as Bitcoin. For a quick introduction to NFTs,Watch this video.



NFTfi is a P2P lending platform that uses one of your NFTs as a transaction guarantee.

nice goal

Nifty Gateway is an online digital art auction platform for non-fungible token art founded by Duncan and Griffin Cock Foster and since acquired by the Winklevoss twins. Nifty Gateway has sold NFTs from Beeple, Grimes, LOGIK and other well known NFT artists.

Open sea

A peer-to-peer marketplace where products like toys,digital art, and other assets guaranteed by aBlockchaincan be bought and sold.

public book

A public ledger derives its name from the ancient recording system used to record information such as commodity prices, news, and analysis. The public ledger was available for inspection and review by the general public. As cryptocurrency-based blockchain systems have emerged, relying on a similar record-keeping mechanism and public verification, the use of the public ledger has gained popularity in the cryptocurrency world. This article takes a look at cryptocurrency public ledgers, how they work and the challenges they face.

Smart Contracts

Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met. They are typically used to automate the execution of an agreement so that everyone involved can be immediately sure of the outcome without involving a middleman or wasting time. You can also automate a workflow and trigger the next action when conditions are met.


Verhot walletabove.

Very rare

SuperRare is an NFT marketplace for collecting and trading unique, single-issue digital artworks.

the sandbox

Sandbox is a community-driven, decentralized gaming ecosystem where designers and artists can create, share and monetize NFTs and gaming experiences on the blockchain and partner with many industry giants. Its popular virtual properties, known as LANDs, are taking the NFT world by storm.

(Video) NFT Explained In 5 Minutes | What Is NFT? - Non Fungible Token | NFT Crypto Explained | Simplilearn


Short for “crypto wallet”. A crypto wallet is an interface through which you can interact with your blockchain assets. Crypto assets are essentially data on the blockchain. Cryptocurrency wallets keep the private key of your location on that blockchain, and that private key determines whether you can access that cryptocurrency. Cryptocurrency wallets are broadly classified as hot wallets and cold wallets. Hot wallets store your cryptocurrency keys in an internet-connected application, while cold wallets keep them offline and disconnected from the internet.


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