Joepegs Glossary
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Written by Trader Joe
Updated over a week ago



  • A stand-alone piece of art. They may form part of a larger collection, but are individually made and include no generative techniques. In traditional art, The Mona Lisa could be considered a non-digital 1/1.


  • A style of minting or trading where the price of an NFT does not remain the same. In Dutch Auctions, prices descend and in English Auctions, prices ascend.


  • Avalanche is a decentralized, open-source proof of stake blockchain with smart contract functionality.


  • The token you use to purchase NFTs on Joepegs and pay gas fees.

Blue Chip:

  • A title typically given to established NFT collections with a loyal following and high trading activity.

Buy Now:

  • Buy an NFT instantly on Joepegs.

Collections Page:

  • A list of verified collections.

Connecting your wallet:

  • In order to Trader NFTs you must connect your Web 3 wallet. There are many options out there, but Metamask is the most popular.


Explore Page:

  • On Joepegs, this is where you can browse randomised NFTs


  • The price of the cheapest listed NFT in a collection


  • A project that combines game elements with decentralised finance.

Gas (War):

  • A fee in AVAX you pay to process NFT transactions. On Avalanche gas is cheap, however gas prices may increase if there is a spike in network activity. Popular NFT mints will often cause such spikes, and are known as Gas Wars.



  • Trader Joe’s one stop shop for buying, selling, and launching NFTs on Avalanche


  • The NFT launch platform, allowing teams to launch and users to mint new collections


  • Putting your NFT up for sale

Make an Offer / Has Offers:

  • Users can make offers on NFTs that are unlisted. The owner may accept the offer if they agree with the price


  • MetaMask is a software cryptocurrency wallet used to interact with the Ethereum blockchain


  • The storage of an NFTs unique information


  • The process by which NFTs are created on the blockchain. Buying an NFT during a primary sale event is often termed ‘minting’


  • A wallet that is given special privileges during an NFT mint. This often takes the form of early access or discounts for new collections



  • Unlike currencies, a non-fungible token (NFT) is a unique, non-interchangeable unit of data that can be sold and traded. This means that each NFT’s value is determined by the seller, much like art in the traditional market. There are many types of NFT, but predominately they are visual tokens.

Off-chain metadata:

  • The art and metadata is stored off of the blockchain

On-chain metadata:

  • The art and metadata is stored on the blockchain

One Tick:

  • Collections that have been verified as authentic and has passed standard volume benchmarks


  • Short for Profile Picture, an NFT that you would use as your avatar. This is one of the most popular formats for NFT collections as it builds upon the social element of NFT trading.

Profile Page:

  • Here you can see your full NFT portfolio on AVAX.



  • NFT mints are often randomised. This means that you won’t know what specific NFT you are purchasing. After minting an NFT, some collection may choose to delay the reveal of the artwork, to strengthen price floors.


  • With each sale, a percentage of the NFT’s value may be paid to the artist


  • When a project owner abandons a project without clear communication of intent to do so.

Secondary Sales:

  • A market where holders trade previously minted NFTs.

Smart Contract:

  • A self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code.

Trader Joe:

  • One-stop-shop decentralized trading platform on Avalanche

Two Tick:

  • Similar to a ‘Blue Chip’, these collections have performed exceptionally well on Avalanche.


  • The NFT is owned by a particular user, but has not been put up for sale.


  • Additional benefits that come with owning an NFT, such as rewards or brand experiences.


  • The amount of AVAX that has been traded for a given collection

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