NFT Terms
Blue Chip NFT
An NFT collection with strong track record, high floor price, and broad market recognition.
Dynamic NFT
An NFT whose metadata can change in response to on-chain events or external data.
Floor Price
The lowest listed price for any NFT in a collection at a given time.
IPFS
InterPlanetary File System - a decentralized storage network commonly used for NFT metadata.
NFT Rarity
A measure of how uncommon an NFT traits are within its collection.
NFT Royalty
A percentage of secondary sale proceeds automatically paid to the original creator via smart contract.
On-Chain NFT
An NFT whose image and metadata are stored directly on the blockchain.
Soulbound Token
A non-transferable NFT permanently bound to a specific wallet address.