#LearnCrypto Gas wars – a surge in minting costs caused when there are significantly more buyers than available NFTs in a collection; users need to increase their gas fee and outbid others’ for the transaction to happen. 

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Fractionalized NFTs – a division of ownership of an NFT. This makes it possible for several people to own a single NFT. Smart contracts can differentiate between a fractional NFT and an individually owned NFT. 

#LearnCrypto Forks – an update in the network protocol (the open-source software that runs blockchains). A soft fork is a minor upgrade to the software and typically means nothing for users. 

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Floor – the floor or floor price is the lowest price to buy an NFT on the secondary market. It’s the most popular metric for tracking an NFT collection’s performance over time and comparing it to others. 

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Mainnet – a blockchain that transfers a digital currency from a sender to a recipient. Mainnet is the main network; actual transactions take place on a distributed ledger. 

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GM – good morning – common greeting used in Web3 and crypto communities. 

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Fren – short for friend; often refers to someone active in an NFT community. 

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Floor sweep – buying a large number of the cheapest NFTs in a collection on the secondary market. NFT collection creators sometimes do this or are asked by the community to do this for the project to raise the floor price. 

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Diamond hands – someone who holds their position (investment, NFT, cryptocurrency) no matter what, even during big market swings. Someone with diamond hands wouldn’t mind the assets’ price actions.

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Degen – short for “degenerate,” usually refers to people who make risky and bad bets. In the crypto space, it can refer to people who invest in digital assets like NFTs without doing due diligence. 

#LearnCrypto Circulating supply – the number of cryptocurrency coins or tokens publicly available in the market. The circulating supply of a cryptocurrency can increase or decrease over time. The number of coins increases as new coins are mined and decreases when a coin burn even

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Zk-SNARKs: A type of zero-knowledge cryptography which allows someone to prove that they know something without giving away any additional information apart from the fact that it's true.

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Zero-knowledge proof: A proof that provides evidence of the truthfulness of a statement without revealing any additional information beyond what is already known.

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Whale watching: Slang term used in reference to analysing investors' activity for clues that they are about to pump or dump coins.

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Whale: Slang term used in reference to an investor who has a substantial amount of capital to invest, typically one looking to make significant investments.

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Weak hands: Slang term which refers to individuals who are easily scared by market fluctuations and sell when prices drop, causing further drops in value.

#LearnCrypto  Wallet: A digital location used to store crypto funds by storing private and public keys that provide access to your cryptocurrency holdings.

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Wash trading: This is when investors create artificial trading activity to appear as if they are doing business, but in reality, it's fake, and there is no actual, legitimate buying or selling occurring.

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Wallet seed phrase: This is a list of words used to generate deterministic keys for wallets.

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Wallet address: The public key of a cryptocurrency wallet that is used to receive funds.