- Gas = Commissions and Fees. The fees you are paying to buy or sell, especially on the Ethereum blockchain, is akin to calling a broker in the '80s or '90s and dropping $50 to buy 100 shares of Microsoft (MSFT) .
- Airdrop = One-time special dividend. This is when an NFT project lets you mint an NFT or "magically" deposits a new NFT in your wallet. This is like receiving a one-time $5.00 dividend from Deere (DE) . There's often a run in the NFT until it goes ex-drop (ex-dividend), then it will drop.
- Mint = Initial Public Offering. A mint is when a project creates and distributes new NFTs similar to a public offering of a stock for the first time.
- Floor = Current minimum "ask." The floor is lowest price an NFT can be bought immediately.
- Sweep the Floor (Project owners) = Stock buyback. When a project buys all of its NFTs at the current floor price. The term sweep refers to buying all the NFTs listed at the current floor price, which can range from one to 100+.
- Sweep the Floor (Buyers) = FOMO. When buyers sweep the floor, it is usually because of momentum or project news. This is also similar to option flow.
- Burn = Merger. This is a phrase that can mean a few different things, but here I'm using it with the idea of burning (destroying) two NFTs to create and receive a new NFT. This is similar to two companies merging to form a new company. Some aspects of both companies will likely remain, but some will be removed.
- Breeding = Spinoff. Some NFT projects will allow you to "breed" two or more NFTs to create a new one. You still retain the original, but now have an additional NFT that will trade on its own. This is like getting shares of Chipotle Mexican Grill (CMG) from McDonald's (MCD) many years ago.
- Play-to-Earn = Dividend. A play-to-earn NFT game will reward you with in-game coins, cryptocurrency, or NFTs, all of which have the potential to be traded/sold for fiat. The game is going nothing more than returning a portion of its earnings to game players in a similar manner to how companies return cash to investors via dividends. It's not exactly the same, as game players have to work for it, but it's the closest comparison.
- Ape In = All in. Aping in is similar to buying aggressively or buying in size. It reminds me of someone "pounding the table," declaring a strong buy, or saying they are going all in on a stock.
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