# NFT Vocabulary In the NFT Space, there are tons of words and phrases that regular people don't normally use. It's important to know these words and phrases so that you can properly understand what's going on! * BlockChain: Where all the transactions for Crypto and NFTs are kept * Gas: The transaction fee that is charged when purchasing something on the BlockChain * Mint: Purchasing an NFT from the source, at it's original cost * Whitelist: with regards to NFT, this means giving you guaranteed access to buy into an NFT drop at the very early stage without having to rush. * Smart Contract: Where you Mint an NFT, you can also use a website. A contract is much more detailed and can show you alot more about what's going on with transactions and such. * Floor: The "lowest ask" on the secondary marketpalce, if the floor is 0.1 Ethereum, then that means the cheapest NFT available is 0.1 Ethereum * DYOR: Do Your Own Research * Traits: Each individual attribute in a project. Each NFT has traits, whether it's clothing, hair, glasses, etc * Rug: Scam, developers are going to run away with your money and pull the rug under you, causing you (your investment), to fall and go to zero * Alpha: Valuable Information or news that can make you money in the NFT Space * NGMI: Not Gonna Make It * WGMI/GMI: We Gonna Make It/Gonna Make It * FOMO: Fear Of Missing Out * GM: Greeting * GN: Saying Goodbye {% embed url="" %} --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://cryptokenzyy.gitbook.io/crypto_nft_guide/nfts/nft-vocabulary.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.