Never share your seed phrase!

Dictionary

Lambo

Opposite of McDonalds. Used to express being rich in the near future. Once you made a lot of money with NFTs, you will spend it

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Layer 2

Layer 2 refers to a network running on top of the Ethereum network which is considered as layer 1. They are connected through smart contracts.

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Lazy Minting

If you create digital art, you can list it first on OpenSea or any other platform, and then if somebody buys it, it gets minted,

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LFG

Let’s F *** ing Go. Usually used when someone is excited and wants to share his excitement with others.  

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Liquidity

In the NFT space they use the word liquidity for the amount of ETH you have over to buy NFTs. NFTs have an illiquid nature,

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Liquidity Pools

Locked cryptocurrency funds gathered by individuals. They are managed by a contract and are essential for exchanges yield farms, games, and so on.

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LL = Larvalabs

Larva Labs is a development studio that created CryptoPunks in 2017. They were the first to develop an NFT. They created several NFT projects, but

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Looks Rare

NFTs prices vary according to their rarity. The more rare traits an NFT has, the more expensive (Utility has also a big influence on the

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LP

A Liquidity provider is someone that locks up cryptocurrency in exchange for a return. This liquidity is usually needed for DEXs so that trading can

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