Gm or Gn idk, here at The Airdrop we like to think of ourselves as the google of Nfts except without the ads. If you enjoy todays content don't forget to leave a review, subscribe and check out our giveaway at the end 👇. Enjoy!

Here's what we have for you today:

• 📖 So Many NFT Terms, But What Do They Mean?

• 🗽 Heres What You Missed At NFT Nyc 2022

• 📊 Top 5 Sales Of The Day

A Beginner’s NFT Glossary

Raise your hands if you've been with your friends and they're discussing NFT stuff, but you couldn't contribute because you could barely understand all the terminologies they're using. Yeah, we've been there too. Definitely not a good place to be. 

We know what it’s like to be new in the space and feel overwhelmed by all these terminologies. Sometimes it feels like watching a French Soap Opera without the subtitles. It seems interesting, but you probably don’t understand what’s going on. So we’ve created a quick short guide to help you understand all the common terms you'll come across in the NFT space

1:1 – Means One of One ( you can stop calling it one ratio one now). It signifies a single edition NFT. A good example is Everydays by Beeple. It was a single NFT that doesn't belong to a large collection.

Airdrop – Means to drop a digital asset into a wallet for free. Airdrops can be for promotional purposes, gifts, or event prices.

Ape-ing/ Ape In: To rush into buying NFTs without giving it careful thought or research. Usually out of FOMO.

Bearish: A crypto market condition during which values of assets drop. (The highlight of the 2022 crypto market and it has been a bloodbath).

Blue Chip: Popular NFT projects with a high level of stability and huge, loyal communities e.g BAYC, and CryptoPunks. 

Bullish: The opposite of Bearish. It’s a crypto market condition characterized by increasing asset value.

Burn: It means to effectively remove an NFT from circulation. The asset will still be on the blockchain, however, it will be in a wallet where it’s no longer accessible.

Crypto Twitter: Refers to developers, founders, analysts, influencers, and speculators that frequently talk about cryptocurrency subjects on Twitter.

DeFi: An acronym for decentralized finance.

Degen: Short for “degenerate.” Refers to people who often make risky investments in the crypto space. A good example are people who ape-in to NFT projects without doing due diligence.

Delist: To remove an NFT from a marketplace. For example, Opensea delisted the Not So Okay Bears NFT collection.

Derivative: An offshoot collection derived from an original project. For example, RRBAYC is a derivative of BAYC.

Diamond hands: Refers to someone who refuses to sell assets despite price volatility, negative news, poor market, and FUD.

Doxxed/Doxed: Refers to a situation where the identity of an NFT administrative team member, dev, or creator is revealed to the public. Being doxed in the NFT space usually signifies transparency and increases community confidence in the project.

ERC-721:  A token standard that allows for the creation of non-fungible tokens

Floor price: The lowest price of an NFT in a collection. Buying the “floor” means collecting the cheapest NFT in a project

FOMO: Acronym for Fear Of Missing Out. It signifies a situation where someone is afraid they may miss out on the next big thing in the crypto space

Fren: An NFT slang for “Friend”

FUD: acronym for Fear, Uncertainty, and Doubt. It’s used to describe negative and inaccurate information regarding a project or token.

Gas:  Fees you pay on the blockchain as compensation for using the computational resources to execute transactions.

Generative Art: A project in which NFTs are generated by a computer program from a pool of limited assets and defined parameters. Each NFT may have unique traits, however, they’ll all share at least, one common individual characteristics

HODL: Alternative spelling for “hold” and also an acronym for “Hold On for Dear Life!” it's the opposite of flip. Refers to a situation where someone keeps crypto assets for a long time.

Metadata: A collection of data that carries the unique identity of an NFT. It also defines ownership of the asset

Metaverse: A 3D virtual world where people can interact and try to create real-world experiences.

Minting: The process of converting a digital item into an NFT and making it part of the blockchain. 

Moon: Refers to a spike in the value of a digital asset.

NGMI: Acronym for "Not gonna make it."

Off-Chain: Refers to anything that’s stored outside of a blockchain. 

On-chain: Refers to anything that’s incorporated into a blockchain

Paper hands: Refers to someone who sold an NFT at a comparatively low price due to poor market, price volatility, and negative news. Opposite of diamond hands

PFP: Short for profile picture. Refers to NFTs which are essentially avatar items and are primarily meant to be used as profile pictures.

Probably nothing: This term is ironically used to refer to something that's important in the NFT space. It translates to “probably something important”

Roadmap: A document that outlines the plans, goals, and next steps of a project

Rekt: Slang for "Wreck." Refers to someone or something that's been totally ruined. 

Rugpull: A scam in which a team behind an NFT project promotes it in a bid to get people to invest in it and then run away with the money after getting significant investments.

WAGMI: Acronym for "We're All Gonna Make It."

Whitelist: Usually abbreviated as WL. Refers to a list of collectors who gain first access to minting an NFT drop before the general public.

Whitepaper: An official paper released by project developers detailing the technical information of an asset. It usually contains the project's concept and roadmap.

Heres What You Missed At Nft Nyc

Should NFT NYC be renamed “Superbowl of NFTs? 

We think it should be. Superbowl has a fun ring to it, right?

Anyway, the event had so many people who all said they had so much fun (Woodstock who?), and of course, we also checked it out and learned a lot (the Good, the Great and the Amazing). 

Overall, NFT NYC was, by far,  the best thing that’s happened in the general crypto space all year. And now, we feel kinda bad for the people who missed it. 

So, like granny recalling tales from her sweet young days, we’ll give the highlights of the events as best as we can. So here are three of the less unimportant things that happened at NFT NYC.

ApeFest Took Over Pier 17

There were apes here, apes there, and apes all over pier 17 Manhattan for four straight days, and not one was bored at any moment of the event.

Day one saw Amy Schumer kick things off with a quick stand-up set. Then, the Applied Primate Engineering team came on stage to unveil a gold fur Mega Mutant Ape NFT (we bet those guys somehow got Midas to touch that ape). But that was not before Questlove and LCD Soundsystem made the apes dance.

By the end of day 4, there had been appearances from Timberland, Lil Baby, Haim, Snoop Dogg, Dave East, Eminem and many more (talk about superstar lineup). In addition, there were auctions, merch sales, and many other treats you’d probably want to learn more about on BAYC Twitter. 

Doodles Factory 

While the apes were doing, well, ape things at Pier 17( no, they weren’t swinging from trees), the Doodles were also having fun at the Palladium theatre. Of course, there was drinking, eating, degens, and… Yes, announcements! 

Check out our article on the doodles announcement here 

But this is a quick recap

• Pharrell Williams is now the chief brand officer for Doodles, and he plans to release an NFT-themed album titled “Doodle Record: Volume 1” sometime soon.

• Doodles have raised a round of funding led by Alex Ohanian’s VC firm.

• And, Doodles 2 is coming very soon.

Cooltopia outdid Zootopia

Okay, we admit, the heading was an attention-bait But, seriously, the cool cats put together one of the best NFT exhibits of the whole NFT NYC conference as they had displays of amazing cool cats NFTs all over. Holders also got to participate in games and win exclusive prizes and merch. They even had a cool cats documentary show (someone said it was quite touching). 

If you attended CooltopiaNYC, tell us which was your favorite

Fur is Lava (quite fiery)

Upside down room (Gravity works a little different here)

Garden of light (all sweet and bubbly)

Rock the boat (No, we’re not on the opensea)

NFT NYC had the whole city of new york looking like the biggest gallery in the world with displays of artworks on billboards, graffiti on walls, and statues all around the city. 

Summarily, NFT NYC captured and reflected the enormous diversity, variety, and vastness of NFTs. (We learned those big words from the reviews)

🤣 How About A Laugh?

TOP 5 SALES OF THE DAY

So how did we do?

• ⭐️⭐️⭐️⭐️⭐️ You guys killed it!

• ⭐️⭐️⭐️ Mid

• ⭐️ This actually sucks

👽 GIVEAWAY  

Who doesn't love free stuff? Exactly, we want to reward early subscribers with the chance to win a Alien Fren Evolution (look how cute this guy is). Here's how to enter 👇