GM, Fren and WAGMI - Web3 Slang You Should Know

If you're stepping into the Web3 space for the first time, you'll quickly come across a range of expressions and abbreviations that are commonly used within the community but may be unfamiliar to you. To help you navigate confidently and join the conversation, we’ve put together this guide explaining key Web3 terms and acronyms you should know:

The Basics

• GM: Short for “Good Morning” - Used in Web3 communities to wish others a good start to the day and spread positive vibes.
• Fren: A playful way of saying “Friend” - Used to express the sense of closeness and connection between community members.
• WAGMI: “We Are Gonna Make It” - A positive and optimistic expression of collective belief in the Web3 journey.
• NGMI: “Not Gonna Make It” - The opposite of WAGMI. Used to express doubt or predict failure.
• LFG: Short for “Let’s F*cking Go” - A motivational phrase to encourage action, enthusiasm, and moving forward.
• Fam: Short for “Family” - Used lovingly to refer to one’s Web3 community, highlighting close bonds and mutual support.

FOMO, DYOR & More - Web3 Mindset Essentials

• FOMO: “Fear of Missing Out” - Describes the anxiety of potentially missing a valuable opportunity, like a mint or drop.
• FUD: “Fear, Uncertainty and Doubt” - A strategy used to spread skepticism or negativity, sometimes to manipulate markets.
• DYOR: “Do Your Own Research” - A key rule in Web3 reminding everyone to verify facts independently before trusting hype.

Tokens, NFTs & Investing Essentials

• DeFi: Short for “Decentralized Finance” - A blockchain-based financial ecosystem where users can access financial tools without relying on traditional banks.
• NFT: Short for “Non-Fungible Token” - A unique digital asset like art or collectibles. For more details, check out our blog post What is an NFT?.
• Minting: The process of creating new tokens or NFTs directly on a blockchain.
• Looks Rare: A popular expression used to suggest that an NFT appears rare – and potentially more valuable.
• Gas: A transaction fee paid when interacting with the blockchain - for example, when minting an NFT. These fees fluctuate based on network activity.
• Airdrop: Free distribution of tokens or NFTs, often as a reward for community engagement or loyalty.
• Bag / Bags: Refers to the digital assets someone holds - like crypto, tokens, or NFTs. “My bags are full” means being fully invested in a project.
• Diamond Hands: Describes someone who holds onto their assets despite market volatility – often celebrated as strong and loyal.
• Paper Hands: The opposite of Diamond Hands - someone who sells early or under pressure due to fear or uncertainty.

Community Vibes

• DAO: Short for “Decentralized Autonomous Organization” - A community-led structure using smart contracts, where members make decisions collectively.
• PFP: “Profile Picture” - Refers to NFTs designed to be used as profile pictures, often part of large collections like Bored Apes or Pudgy Penguins.
• Degen: Short for “Degenerate” - A playful term for highly active, risk-taking Web3 participants who live and breathe the space.
• Grinding: Deep community involvement, such as joining discussions or contributing regularly to earn roles or whitelist spots.
• Touch Grass: A tongue-in-cheek reminder to take breaks from the digital world and reconnect with real life.
• CT: Short for “Crypto Twitter” - Refers to the corner of Twitter (now X) where the crypto and Web3 community interacts and shares updates.
• Wen ... ?: Web3 slang for “When ... ?” – Often used with anticipation, like “Wen mint?” or “Wen reveal?”
• Moon / Mooning: “Moonin’” describes the moment when a project is getting tons of hype and community excitement is at a high.

With this quick Web3 vocabulary guide, you’re ready for your next Discord session, NFT mint, or to scroll through CT like a pro.

Want to dive deeper, connect with the fam or simply drop a “GM”? Join us on X:

@maggyandjules – Follow along as we build Maggy and Jules® in the Web3 space
@annaxistina – #WomanInBlockchain and founder of Maggy and Jules®

WAGMI, fren. See you on chain!