GLOSSARYNFT Collection

NFT Collection

An NFT collection refers to a group or series of non-fungible tokens (NFTs), which are digital tokens minted on a blockchain. Each NFT within a collection is distinct, and some NFT collections may have a limited number of tokens, creating a sense of scarcity and exclusivity. Certain tokens within a collection may also be rarer than others, adding value and uniqueness to specific NFTs.

NFT collections are typically bought, sold, and traded on various blockchain-based marketplaces like the Crypto.com NFT platform. Popular NFT collections have gained attention for their uniqueness, cultural significance, or association with well-known artists and creators, like the Bored Ape Yacht Club and Loaded Lions.

Key Takeaway

An NFT collection refers to a group or series of non-fungible tokens (NFTs), which are digital tokens minted on a blockchain and typically bought, sold, and traded on various blockchain-based marketplaces.

Related Words

Market Cap

Market cap refers to the total dollar value of a cryptocurrency in circulation. It is calculated by multiplying the token price by the total number of tokens.

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Circulating Supply

Circulating supply is the amount of a cryptocurrency currently on the market. The number can grow or shrink for various reasons.

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TradFi

Traditional finance, or TradFi, is a conventional approach to financial activities that relies on established institutions, such as banks, insurance companies, investment companies, and stock exchanges.

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Collection Value

Collection Value is the aggregated monetary value of all the NFTs in a collection.

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NFT Sales Volume Index (7D)

The NFT Sales Volume Index (7D) shows the price and number of editions of a non-fungible token (NFT) collection sold over a 7-day (7D) period.

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Crypto Asset

Crypto assets are transferable digital representations of value made possible by cryptography and blockchain technology.

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24H Volume

24H Volume shows the number of a cryptocurrency’s tokens traded over a 24-hour time frame.

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7D

7D, short for seven days, refers to price data that has been collected for a cryptocurrency over a 7-day period.

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Floor Price

Floor Price is equal to the lowest-priced NFT in a collection.

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Gas (ETH)

Gas is the cost of a transaction on the Ethereum network.

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