Terminology

Learn the terminology of the NFT world below

NFT

• Non fungible token

GAS / GWEI

• Transaction fee associated with every purchase / sale on the ETH block chain

Minting

• Creating a NFT through a creator website

ETH

• Ethereum - The currency most used for NFTs

Floor Price

• The absolute lowest a NFT in a collection is selling for.

Smart Contract

• The creator of the NFTs contract on the ETH blockchain. These contracts hold the code to the NFTs you are purchasing.