The world of NFTs is evolving at lightning speed, creating a vibrant digital culture filled with unique slang, community rituals, and insider expressions. Whether you're just hearing "GM" for the first time or wondering what "WAGMI" really means, understanding the lingo is key to fully engaging with the crypto-native community.
In this comprehensive guide, we decode 60 essential NFT terms popularized by influential collectors like 6529, helping you navigate the space with confidence and clarity. From morning greetings to market psychology, these phrases aren’t just jargon—they reflect the values, humor, and resilience of a global digital movement.
What Does GM Mean? The Language of NFT Culture
At the heart of NFT communities lies a shared language—one built on positivity, irony, and mutual support. These terms go beyond abbreviations; they express identity, sentiment, and collective belief in decentralized creativity.
Let’s dive into the most widely used expressions across Twitter, Discord, and crypto forums.
1. GM – Good Morning
A simple yet powerful greeting. Saying "GM" sets a positive tone for the day. It's more than just "good morning"—it’s a ritual that reinforces community spirit.
👉 Discover how NFT communities build trust through daily rituals like GM.
2. GN – Good Night
The nighttime counterpart to GM. Ending your day with "GN" closes the loop on a day of collaboration and connection.
3. Ser – Sir
Short for sir, used respectfully when addressing others.
Example: “Ser, your insights on generative art are unmatched.”
4. Mam – Ma’am
The female equivalent of Ser. Polite and widely accepted in discussions.
5. Fren – Friend
A playful twist on friend. In NFT circles, everyone is a fren, united by shared passion.
6. WAGMI – We All Gonna Make It
An anthem of optimism. WAGMI reflects the belief that despite volatility, long-term value will emerge.
Example: “Major institutions are buying NFTs—WAGMI!”
7. GMI – Gonna Make It
Individual version of WAGMI. Used to express personal confidence in a project or decision.
8. NGMI – Not Gonna Make It
Often self-deprecating. Admitting a poor trade? “Sold my blue-chip NFT for 5 ETH… NGMI.”
This phrase carries humility—and sometimes salt.
9. McDonald’s
Symbolizes failure in the NFT world. If you NGMI hard, you might “go work at McDonald’s.”
It’s humorous, but also a reminder of real financial stakes.
10. LL – Larvalabs
The pioneering team behind CryptoPunks, Autoglyphs, and Meebits. Mentioning LL signals deep knowledge of NFT history.
11. AB – Art Blocks
A leading platform for algorithmically generated NFT art. Known for its curated collections like Fidenza.
12. Generative Art
Art created via code, where each piece is uniquely generated during minting. Highly valued for its blend of creativity and technology.
13. PFP – Profile Picture
Short for profile picture. Projects like Bored Ape Yacht Club turned PFPs into status symbols across social media.
Market Behavior & Psychology Terms
Understanding market sentiment is as important as knowing technical terms. Here’s how NFT traders express FOMO, regret, and speculation.
14. FOMO – Fear of Missing Out
Buying because everyone else is buying—even without research.
15. Cope
The emotional defense mechanism after missing a big gain.
Example: “I didn’t buy because the art didn’t speak to me…” → “Cope.”
16. Szn – Season
Refers to market cycles, which move fast in NFTs—sometimes lasting only weeks.
17. Up Only
A hopeful mantra: prices will rise indefinitely. Often used sarcastically during bull runs.
18. Floor Price
The lowest listed price in an NFT collection. A key metric for evaluating entry points.
19. Delist
Removing an NFT from sale, often because the floor is expected to rise.
👉 Learn how tracking floor prices can improve your NFT investment strategy.
20. Liquidity
Despite high trading volumes, many NFTs suffer from low liquidity—meaning it’s hard to sell quickly without dropping the price.
Community & Identity
NFT communities thrive on inclusion, inside jokes, and shared values.
21. OG – Original Gangster
Respect for early adopters. Being an OG isn’t just about timing—it’s about contribution.
22. Alpha
Insider knowledge or strategic insight that gives an edge. “He dropped serious alpha today.”
23. IRL – In Real Life
Everything outside the digital realm—wallets, Discord servers, and Twitter threads.
24. Meatspace
Synonym for IRL, often used humorously.
Scams, Risks & Cautionary Terms
Not all terms are positive. Some warn of danger.
25. Rug / Rug Pull
When creators abandon a project and take investors’ funds.
26. Shilling
Over-promoting a project, often with ulterior motives.
27. FUD – Fear, Uncertainty, Doubt
Spreading negativity to manipulate markets downward.
Advanced Concepts & Culture
These terms reflect deeper engagement with blockchain philosophy and digital ownership.
28. On-Chain vs Off-Chain
Whether data (like metadata) is stored directly on the blockchain (on-chain) or externally (off-chain).
29. Burn
Intentionally destroying an NFT to unlock rewards or prove scarcity.
30. Stake
Locking up an NFT to earn yield or governance rights in a DAO.
FAQ: Common Questions About NFT Slang
Q: Why do people say GM every day?
A: GM is more than a greeting—it’s a ritual that strengthens community bonds and promotes positivity in a high-stress environment.
Q: What does “Looks rare” mean? Isn’t rarity good?
A: It’s usually sarcastic. When someone posts a common NFT and claims it’s rare, others respond “Looks rare” to mock inflated claims.
Q: Is calling someone a “noob” offensive?
A: It can be, depending on context. Best used self-referentially (“I’m such a noob”) rather than toward others.
Q: What’s the difference between WAGMI and NGMI?
A: WAGMI expresses collective optimism; NGMI is a reality check—either self-aware or judgmental—about poor decisions.
Q: How do I know if I’m coping?
A: If you’re rationalizing not buying an asset that’s rapidly increasing in value, you might be coping instead of facing FOMO honestly.
Q: Why do people care so much about being “on-chain”?
A: On-chain storage ensures permanence and decentralization. Off-chain data can be altered or lost—going against core blockchain principles.
Core Keywords in NFT Culture
To enhance discoverability and relevance, here are the core keywords naturally integrated throughout this guide:
- GM meaning
- NFT terms
- WAGMI
- floor price
- generative art
- PFP projects
- crypto slang
- NFT community
These terms reflect both search intent and cultural significance within the space.
Final Thoughts: Speak the Language, Join the Movement
Mastering NFT terminology isn’t about sounding cool—it’s about belonging. Each phrase carries history, emotion, and context that deepen your understanding of one of the most innovative corners of the internet.
As new projects emerge and cycles evolve, so will the language. Stay curious, keep learning, and remember: GM, fren—WAGMI.
👉 Stay ahead of the next NFT season with real-time market insights and tools.