This is to acknowledge the certification awarded to three of my students who have successfully completed their learning at the Goldenswap's Virtual Academy (G.V.A)

I celebrate you all
I am proud as well

Goldenswap to the world

The Goldenswap METAVERSE Glossary

Airdrop – NFT enthusiasts and experts do their best to keep up with their favorite projects and products in the NFT space. Airdrops are an effective tool. They used to share new non-fungible tokens among those interested. They exist as bonuses or free collectibles and will generate more interest in the project or reward existing holders.

Alpha – This term is used when you get information before the market. Similar to getting “tips” in stocks.

Aped / Ape-in – This term originated directly from Crypto Twitter. It describes the act of taking on large positions when compared to the size of your portfolio. Apes have been a crucial part of the NFT space. Initially, there were multiple 24 Ape Punks, and we now have the Bored Ape Yacht Club.

Bored Ape Yacht Club (BAYC) – This collection of 10,000 individual tokens design gives it an ape-like appearance. It is hosted on the Ethereum blockchain. And, it’s one of the most talked-about NFT collections with a high sale record of $2.75m.

Blue-chip – This term means that the NFT will attain a high value and retain it for a long time. “This NFT is a blue-chip.”

Cash Grab – When a project is only in the space for monetary gains and will not bring the collectors future value. Similar to a rug pull which is later described.

Crypto Twitter (CT) – This is the active community of crypto holders and enthusiasts on Twitter. This community will discuss trending topics in the crypto space, including hot tokens, global news, and so on.

Ded – This is the short form of the dead. It can be used to describe a situation during which a token or collection ends up poorly. For instance, “The price of the last NFT I purchased keeps dropping, from 10 ETH, it’s now 0.0002 ETH. It’s “ded.”

Derivative – This describes smaller projects that arose from a larger project. They copy the design or branding and put a small twist to it.

Dutch Auction – Refers to a type of bidding that considers all bids for the asset before arriving at a ceiling price at different intervals.

Do Your Research (DYOR) – Before you join the next NFT project, it’s a great idea for DYOR. The world of NFTs is made up of multiple individual elements. Doing your research is important so as to avoid investing in a bad project or wasting your money.

Flip – Just like its name suggests, a flip is an act of quickly trading an NFT. When you flip an NFT, this means that you buy and sell it quickly within a short period – usually within a few days. It’s a strategy to make money from these tokens instead of holding onto them.

Floor Price – The floor price, also referred to as floor, is the lowest asking price demanded by an NFT collection, either as a whole or subset of a particular group. Various important parameters determine the floor price.

Fear of Missing Out (FOMO) – the fear of missing out expresses itself when you buy an NFT because you are scared of not being a part of the next big move. Often, these purchases are not backed up by any comprehensive reasons.

Frens – Short for “friends”, referring to other members of an active NFT community. It can also refer to those who believe in a similar project.

FUD – Stands for Fear, Uncertainty, and Doubt. FUD occurs when the price of a particular digital asset drops drastically due to some form of negative news. When this happens, people will panic about selling their digital assets.

Generative Art – This refers to art generated using advanced algorithms and minted in real-time.

GM (Good Morning) – In the NFT world, GM is more than a greeting. Yes, people say GM to each other in the NFT community because we are a global optimistic group. However, it expresses the idea that a project is still early and everything seems bright about it.

GN (Good Night) – Active members of the NFT ecosystem say good night to each other because they are members of an optimistic community. It’s a great way to end your day after an active period of NFT trading.

IYKYK – Means “If you know you know”. This is used when you have a certain knowledge of a project that isn’t obvious at first glance.

KYC – Stands for “Know your customer”. This is a term to describe the process of a company where users fill in their personal details. Most blockchain companies and trading platforms gather user information to comply with KYC regulations.

LFG – Short for “Let’s F*cking go”. This term is ideal if you are excited about something or expect that your next course of action will go well. It’s a term that’s best used with rocket emojis.

MAYC (Mutant Ape Yacht Club) – This is a popular collection of 20,000 individual tokens designed to look like mutant apes. A derivative of the Bored Ape Yacht Club project.

Metaverse – The Metaverse is a 3D virtual world where people from different parts can connect and interact. Popular blockchain-based projects on this Metaverse Decentraland and The Sandbox where people can buy and sell different types of NFTs.

Moonboy – This term refers to someone who has blind faith in a token or project, especially when there are indications that it may fail to do well. When the price of BTC drops from $69K to $30k, some traders still say “$BTC 100k coming soon”. That’s a moonboy statement.

Mint – Mint describes the act of issuing a piece of art on the blockchain. This action may be performed by the artist or collector of the non-fungible token. Read more on how to mint an NFT here.

NFA – Stands for Not Financial Advice. It is closely related to DYOR. It explains that when a person shares a particular trading idea or informs you about a token, you are free to follow the input or not.

NFT – Non-fungible token (duh). This term represents a unique digital asset on the market today. Non-fungible tokens are special because they maintain the identity of the owner of the ticket. Read more about NFTs here.

NGMI – Short for “Not Gonna Make It”. This term is the exact opposite of WAGMI (explained below), and is an expression of bad news. NGMI may serve as an expression of a person’s bad decisions. It means that based on the current price of the asset and supply-demand, we may not make it. It can also refer to a single NFT or active NFT community.

PFP – Profile Picture NFTs. These are new types of NFTs, that are unique to each user. However, they can only be used as a profile picture. Read more about PFPs in this article.

Rekt – This is slang for “wrecked.” i.e., a person’s portfolio of digital assets has been destroyed. In the crypto community, it means someone who has suffered substantial financial losses.

Rug pull – Rug is also the short form for rug pull. This term originated in Crypto Twitter and the world of DeFi. It describes projects that pump and dump their tokens on retail traders. While rug pulling does not occur in the same way in the NFT space, it describes projects whose developers have abandoned them.

Ser – This term means “Sir.” Active members of popular NFT communities use this to respectfully introduce themselves or share a point from an alternative point of view.

Serum – This is a term related to the Bored Ape and Mutant Ape NFTs. It is a crucial element used to create the MAYC NFTs. The Serum was a separate NFT that could be used on your Bored Ape, after which your Mutant Ape was created.

Shilling – NFT Shilling is the process of promoting a particular NFT or collection on social media. Some specially designed shilling channels can be used for different NFT projects.

Snag – This refers to when a project meets some obstacles or problems that temporarily it from progressing with some of its plans.

Snipe – This involves having an overview of the best tokens or collections from your favorite marketplace.

Sweep The Floor – This refers to someone or a group of people who keep buying NFTs at the lowest possible price. Most NFT enthusiasts attempt to sweep the floor to earn maximum returns on earnings.

Traits – This refers to the distinguishing features and qualities of an NFT project. For instance, the Cryptopunks collection involves a combination of different digital and unique characteristics.

WAGMI – Means “We All Gonna Make It”. This term is often used to express good news. It means that based on the price of the asset and its current supply-demand, we may either make it or not. The term can refer to either a single NFT or a community of NFTs.

Wen – Short for “when”. This refers to the uncertainty surrounding the NFT ecosystem. It describes a scenario where people wonder which token will take off and make them rich enough to bug all they want. “Wen moon ser?”

Web3 – This is a new version of the worldwide web designed based on blockchain technology. This innovative technology incorporates concepts such as decentralization and token-based economics.

Whale– This term refers to a person with multi-million dollars worth of money in their portfolio or a person with a large amount of NFTs from a particular collection.

Whitepaper – This term is more popular in the crypto community and on crypto Twitter. A whitepaper is a document that describes all the essential details and information about a particular token.

I'll be dropping a post on the impact of NFTs to Africa

There is a growing market of NFTs in Africa but there are challenges

The story of Non-fungible tokens (NFTs) has been spreading like wildfire recently, and Africa has joined the carnival. From art and music to games and videos, some of these digital assets are selling in millions of dollars. Nigerian record label owner, Don Jazzy became the pacesetter in the Nigerian music industry in 2021 when he made up to $300,000 in ten minutes on an NFT, after collaborating with a digital artist who created three artworks and had him add a background sound to them. Jacon Osinachi Igwe is regarded as the first African artist to exhibit a series of NFTs at Christie’s, a renowned auction house in London.

Africans are now dancing harder in the NFT party. A survey by Finder ranks Nigeria as the 6th largest adopter of NFTs and South Africa as 12th. The survey also hints that NFT adoption will more than double in these countries due to the high interest among respondents.

In 2021, several digital artists of African descent made their mark and had their works minted on several platforms like Opensea, Foundation, Super Rare, Mintable, Wax, and many others. African digital artists also built communities like Africa NFT Community, Black NFT Art, Network of African NFT Artists, Afro Future DAO, Kenyan NFT Club, and Nigeria NFT Community. These communities served as a platform to promote collaborations and share ideas, resources, and challenges, as well as online and hybrid events, focused on branding, storytelling, art promotion, and helping up-and-coming artists to scale

However, with the giant strides of Africans in the NFT space, there are bottlenecks artists and traders face.

Anti-crypto policies
Topping the infamous list of countries that have placed a ban on all activities relating to cryptocurrency is the largest crypto market in Africa — Nigeria, followed by Kenya, Burundi and several other African countries. Nigeria’s federal government ordered banks to shut down all accounts used for crypto transactions. The ban hinders artists active involvement in NFTs.

Shortage of collectors
African artists still have a market problem. The number of creators is hugely overwhelming compared to the art collectors. There are not enough African collectors in the NFTs space.

Creator Economy
Universally, the creator economy is estimated to be worth around $100 billion. However, African creators have not received as much recognition as their global counterparts. As a result, they don’t generate as much revenue. Also, many creators here do have a hard time receiving payments since global payment processors are not fully established for users in Africa.

Gas fees
One of the most challenging issues in the African NFT space is the exorbitant gas fees required for minting on most NFT marketplaces. Though this cost is a threat to innovation everywhere, it hinders many African artists, particularly budding ones, from participating.

African art creators continue to use NFTs to leverage the shift of art to the digital world despite the hurdles. Going by projections, it would continue to garner attention and grow more influential as the world fully embraces virtual currencies and digital assets.

Leebliss13:
Hi there,

You are cordially invited to the scheduled Zoom meeting.

Topic: NFTs & the Metaverse with Chief, Saeid Reza and Lord Goldenswap(my humble self)

Time: Apr 15, 2022 09:00 PM Africa/Lagos

Join Zoom Meeting
https://us02web.zoom.us/j/88951339694?pwd=ZmJ4QU1majVRQytySnRTSEVTR3NPUT09

Meeting ID: 889 5133 9694
Passcode: 943484

Find your local number: https://us02web.zoom.us/u/kd6JdAAG3Z


Ceah

Is this still ongoing

Miraj22:

Is this still ongoing

for the zoom meeting, No.

But our Virtual Academy is always ready to accept new intakes

Hello guys..... I hope you're making good use of the skills?

❗️DON’T MISS ULTRON’S SPECIAL METAVERSE PROMOTION RUNNING FOR NEXT 100 DAYS❗️
 
Get a reward voucher based on the 100% value of your staking hub NFT and use it in an upcoming Ultrons Metaverse land sale.
 
This limited opportunity started @ 15.06. and ends @ 8.10.2022. 
 
WINNING PERIOD with 100%  reward ends on 30.06.2022
 
After July 1st, this limited offer will enter the 100 days COMPETITION PERIOD with 100% voucher dropdown - 1 % per day.
 
What do you get? (example)
 
➡️15.6. - 30.6. ➡️ STAKING HUB NFT 5000 USDT - voucher for 5000 USDT(100% of hubs value)
 
➡️15.7. ➡️ STAKING HUB NFT 5000 USDT- voucher for 4250 USDT (85% of hubs value)
 
➡️15.08. ➡️ STAKING HUB NFT 5000 USDT - voucher for 2700 USDT(54% of hubs value)
 
➡️15.09. ➡️ STAKING HUB NFT 5000 USDT - voucher for 1150 USDT (23% of hubs value)
 
FIRST COME FIRST SERVE. BECOME A LANDLORD OF YOUR ULTRON VIRTUAL LAND.

WhatsApp: +2347018130222

Still vending. Check my bio for contact.