web3 simplified @SimplifiedWeb3

making crypto, NFTs, and the metaverse easier to understand… a project by @ReformersNFT…not financial advice. https://t.co/xhE5KSQAsR web3simplified.xyz wagmi Joined December 2021

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web3 simplified @SimplifiedWeb3

3 years ago

web1: clicks web2: content web3: community

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web3 simplified @SimplifiedWeb3

3 years ago

alpha = new information that isn’t general public knowledge. Sometimes that hasn’t been announced yet

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web3 simplified @SimplifiedWeb3

4 years ago

Fungible = mutually interchangeable; something that can be replaced by another identical item Example: 1 dollar bill traded / replaced for another 1 dollar bill

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web3 simplified @SimplifiedWeb3

3 years ago

DYOR = do your own research

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web3 simplified @SimplifiedWeb3

3 years ago

web 1: visits web 2: likes web 3: $

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web3 simplified @SimplifiedWeb3

3 years ago

fomo = fear of missing out

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web3 simplified @SimplifiedWeb3

4 years ago

“I think people should become an #NFT collector before becoming an NFT creator so that they can learn the ins and outs of launches, community, etc.” - @iSocialFanz on the @NFT365podcast podcasts.apple.com/us/podcast/nft…

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web3 simplified @SimplifiedWeb3

3 years ago

alpha = new information that isn’t general public knowledge. Sometimes that hasn’t been announced yet

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web3 simplified @SimplifiedWeb3

3 years ago

web1: create website web2: create profile web3: create value

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web3 simplified @SimplifiedWeb3

3 years ago

degen = a slang term for "degenerate" Typically used to describe someone who is buying, selling, trading, flipping, and or holding NFTs and cryptocurrency.

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web3 simplified @SimplifiedWeb3

4 years ago

For some people #NFTs are a way to fund their business or their mission in life. Was just listening to a Twitter space where a guy has an idea to turn empty and abandoned lots in his city into green spaces. His idea is to sell NFTs to do that. #NFTCommunity

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web3 simplified @SimplifiedWeb3

3 years ago

ama = ask me anything Used when people provide a space for people to ask questions

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web3 simplified @SimplifiedWeb3

3 years ago

gm = good morning Todays a great day to learn about web3. If you already are you’re early. If you start today you’re not late you’re on time. #NFTCommunity #NFT #NFTeducation

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web3 simplified @SimplifiedWeb3

3 years ago

web1: clicks web2: content web3: community

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web3 simplified @SimplifiedWeb3

3 years ago

= aka the “floor price” the lowest price that an NFT of that collection is selling for (usually in the “buy now” category)

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web3 simplified @SimplifiedWeb3

4 years ago

web 1 - website web 2 - social media web 3 - community

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web3 simplified @SimplifiedWeb3

3 years ago

#HODL = hold on for dear life usually refers to #crypto coins or #NFTs and is a general recommendation to hold them and not sell them in a panic when the price drops

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web3 simplified @SimplifiedWeb3

3 years ago

web 1: read web 2: write web 3: own

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web3 simplified @SimplifiedWeb3

3 years ago

= decentralized finance An ideal that usually refers to crypto coins and cryptocurrency. Imagine a currency that is not controlled by one organization or government and where your finances are not controlled by a bank / other organization. Example: $BTC aka Bitcoin