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NFT Term Glossary

Canonical definitions for NFT and crypto terms, each as its own glossary entry for fast internal linking.

Impermanent Loss
1 min read

Impermanent Loss

Impermanent loss refers to a loss in the value of assets locked up in a liquidity pool. You can calculate impermanent loss by comparing the value of the tokens …

Impermanent Loss
Incentive
Dec 02, 2025

Incentive

A broad term used to describe rewarding, productive and positive behavior that is beneficial to a blockchain network. …

Infura
Dec 02, 2025

Infura

Infura (owned by ConsenSys) provides blockchain and IPFS data feeds to cryptocurrency companies and software developers …

Internal Transaction
Dec 02, 2025

Internal Transaction

On the Ethereum network, internal transactions are transactions that occur when two smart contracts interact. Internal …

IRL
Dec 02, 2025

IRL

Acronym for “In Real Life” refers to the physical world where we live and breathe. IRL is in contrast to …

IYKYK
Dec 02, 2025

IYKYK

IYKYK stands for “If You Know, You Know” which is a popular saying in NFT crypto art. It refers to the idea …

JPEG
Dec 02, 2025

JPEG

The most common types of NFT digital artwork to date are image files. Many critics of crypto artwork and NFTs often say …

JSON-RPC
Dec 02, 2025

JSON-RPC

JSON-RPC is a lightweight, stateless RPC protocol heavily used within the Ethereum ecosystem. For an app or software …

Keeper
Dec 02, 2025

Keeper

In the world of DeFi and smart contracts, many protocols rely on continuous updates of chain states. Since a smart …