# NFT Terminology {% embed url="" %} Lucas is a great resource in the NFT community with lots of experience in NFTs and a frequent host of Twitter Spaces {% endembed %} gm - Good Morning and the universal salutation of the NFT space. Morning being a reference to being early to an emerging space the "gm" term is used morning noon or night. LFG - "Let's Fu\*king Go" - enough said WAGMI - "We All Going to Make It" a term reflecting the supportive and non-competitive nature of the NFT marketplace. NGMI - The opposite of above, someone or something that's "not going to make it". Seed Phrase - A secret recovery phrase used to access a crypto wallet. Never save your Seed Phrase on a computer, keep physical copies in different locations and follow [these instructions](https://metamask.zendesk.com/hc/en-us/articles/360060826432-What-is-a-Secret-Recovery-Phrase-and-how-to-keep-your-crypto-wallet-secure). Blockchain - [A decentralized network of computer nodes](https://www.investopedia.com/terms/b/blockchain.asp) that stores information across multiple locations creating a trust-less network of information, resources that is verifiable and secure. [Web3](https://www.youtube.com/watch?v=C3lCA6K2Y8g) - Shifting from a centralized web (Facebook, Google, etc) and creating a new peer-to-peer decentralized network with rights that ensure the users independence and freedom of access. Minting - The actual connecting of your digital asset to a particular block chain. {% embed url="" %} {% endembed %} DAO - A decentralized autonomous organization without a "CEO" top down type leadership. The basic idea of the DAO Rugged - A project that pulls it's funds without realizing any of the projects goals. Also any technical glitches that happen in Twitter Spaces or prevent you from minting. Basically any error. DYOR - "Do Your Own Research" although not exclusive to crypto this phrase and "Not Financial Advice" are very common reminders of the risk levels of working in crypto and NFTs. Aping In - The act of NOT doing the above "DYOR" but just emotionally and irrationally jumping into an investment. NFT - "Non Fungible Token" basically means a token that is one of a kind and is limited to the scarcity you decide to create for that NFT. Like an edition of 100 or 1/1 and your digital asset is attached to this one token. Alpha - Information that helps someone profit from a project or give someone an advantage in trading or new releases, developments, etc. {% content-ref url="/pages/oC0mwh3oUITYzptRw6qi" %} [Share your knowledge](/suggestions/share-your-knowledge.md) {% endcontent-ref %} --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://artists-nft-guide.degendudes.io/understanding-nfts/nft-terminology.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.