Popular and famous NFT collections

Acronyms and terms commonly used by people in the NFT and crypto space. Useful to make sense of online conversations on Discord, Twitter, Instagram, etc.

This is a list of useful definitions for the most common terms encountered in the blockchain, crypto and NFTs space.

NFT communities have certain ways of communicating and building their membership count. 

Most NFT projects are ‘collections’ – a set of NFTs which are all based on the same concept.

The blockchain can be defined as a decentralised, distributed and (most of the time) public ledger.

A non-fungible token or NFT is a unique and non-interchangeable unit of data stored on a digital ledger (blockchain).

The current process for acquiring an NFT is not so straightforward, mainly because these are new technologies that have not yet been adopted in the mainstream. User-friendliness is still a work in progress.