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What Does That Mean?

Updated: Apr 20, 2022

With new ventures comes new language. Every industry has its own curated lingo that helps people in the industry work better. The world of crypto is no different. Here are a few of the big players in crypto-lingo:


NFTs (or “non-fungible tokens”) are a special kind of cryptoasset in which each token is unique — as opposed to “fungible” assets like Bitcoin and dollar bills, which are all worth exactly the same amount. Because every NFT is unique, they can be used to authenticate ownership of digital assets like artworks, recordings, and virtual real estate or pets.

Ethereum (ETH)

Ethereum is a platform powered by blockchain technology that is best known for its native cryptocurrency, called ether, or ETH, or simply Ethereum. The distributed nature of blockchain technology is what makes the Ethereum platform secure, and that security enables ETH to accrue value.

Token vs. Coin

Simply put, a token represents what you own, while a coin denotes what you're capable of owning.

On a broader scale of things, tokens existed long before cryptocurrency was a thing. Even today, it has very little to do with crypto at all.


Roadmap is a document that maps out the goals and strategies of an NFT project in order to communicate its long-term value.

Floor Price

Sometimes also referred to as "price floor" - is a term that originates from commodity trading and refers to the lowest price, rather than the average price, at which an NFT can be bought.

Gas Prices

The term given to the fee that most NFT trading platforms charge.


Minting an NFT is how your digital art becomes a part of the Ethereum blockchain–a public ledger that is unchangeable and tamper-proof. Similar to the way that metal coins are minted and added into circulation, NFTs are also tokens that get “minted” once they are created.

Public Key

This is a personal identifier that allows people to view your wallet and send you cryptocurrency. Think of it as a phone number, people can get ahold of you with it, but that's all.

Private Key

This is a long string of numbers that allow you to access your wallet and crypto. This should never be given out to anyone you don't know or trust to handle your financials. If you lose or misplace this, you may lose your cryptocurrency forever.


Like the wallet in your back pocket or purse, this holds all of your crypto. From Bitcoin to Doge and everything in between. Also, keep an eye on your amounts as prices can fluctuate every day.

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