Web3 glossary
Community slang, digital ownership and on-chain culture. Get the words people use in crypto threads, and the ideas behind them.
Composability
The ability to combine existing programs or protocols as parts of a larger application.
DAO
A decentralized autonomous organization: a group coordinating decisions and resources through defined rules, often using blockchain contracts.
Dapp
A decentralized application with important backend logic or state running on a decentralized network.
Degen
A crypto risk-taker who dives into speculative trades, often with more enthusiasm than research.
Fren
Friend, written in crypto-chat style: a friendly way to address someone in an online community.
Fungible token
A token whose units are interchangeable with other units of the same token class.
GM
Good morning: the quick hello you see all over crypto and Web3 chats, whatever the time zone.
GN
Good night: a casual sign-off when someone leaves a crypto chat or calls it a day.
Governance token
A token used in a protocol or organization's decision-making system.
IPFS
InterPlanetary File System: a protocol suite for addressing and sharing content through content-derived identifiers.
NFT metadata
Descriptive data linked to an NFT, such as its name, attributes and media references.
NGMI
Not gonna make it: a skeptical reply, a put-down or a joke about your own bad crypto decision.
Non-fungible token
A token with an individual identity rather than interchangeable units, commonly called an NFT.
OG
An early participant or long-time familiar face in a crypto project or community.
Ser
A playful spelling of sir used to address someone in crypto and NFT conversations.
Timelock governance
A governance mechanism that delays execution of approved actions for a specified period.
Token
An onchain unit recorded by a protocol or application that can represent value, access or a claim.
Token burn
A process that removes token units from usable supply under a defined mechanism.
Token ID
An identifier for a token or token type within a particular contract.
Token issuance
The creation and distribution of new asset units under protocol or contract rules.
WAGMI
We're all gonna make it: a crypto community cheer for shared optimism and sticking together.
Web3
A broad label for internet applications using blockchains for functions such as ownership, payments or coordination.
Looking for an earlier definition? Explore the original collection
Concept entries explain ideas. Our separate asset registry identifies coins, tokens and networks by source metadata. Sources & standards