NFT Glossary
Plain-English definitions of the NFT terms you'll see across NFTHUD.
- Floor price
- The lowest price at which any item in a collection is currently listed for sale — the cheapest way to buy in, and the headline number most traders watch.
- Market cap
- An estimate of a collection's total value, calculated as floor price multiplied by total supply. Useful for comparing size, but real liquidity is usually far lower.
- Trading volume
- The total value of sales over a period (e.g. 24 hours), measured in ETH. High volume signals strong interest and liquidity.
- Owners (unique holders)
- The number of distinct wallets holding at least one item. A higher owner-to-supply ratio means ownership is more spread out and less concentrated.
- Total supply
- The number of NFTs minted in a collection. Combined with owners, it shows how widely distributed the collection is.
- Mint
- Creating a new NFT on-chain, usually when a collection first launches. The mint price is what the original buyer pays.
- Gas
- The fee paid to the Ethereum network to process a transaction. Gas rises when the network is busy.
- Rarity
- How uncommon an item's traits are within its collection. Rarer items usually command higher prices than the floor.
- Trait
- An individual attribute of an NFT (e.g. background, hat, eyes). Combinations of traits determine an item's rarity.
- Verified collection
- A collection confirmed as authentic by a marketplace such as OpenSea, shown with a badge. Always check the official contract before buying.
- Blue-chip
- An established, high-value collection with a strong track record and community — for example Bored Ape Yacht Club or CryptoPunks.
- All-time high (ATH)
- The highest floor price a collection has ever reached.
- PFP
- Profile-picture NFT — an avatar collection people use as their identity on social media and across web3.
- Wash trading
- Artificially inflating volume by repeatedly buying and selling between wallets you control. It can make a collection look more active than it really is.