Ape In Meaning in NFT

If you’re scratching your head and don’t know some (if not all) of the abbreviations/terms used to discuss NFTs, then congrats! this is the place to go. NFT is currently a very trendy topic on the internet (especially on Twitter). Ape In in NFT means rushing into a project with full passion and excitement!

These relatively new terms/abbreviations will be explained here. ‘Ape In’, for example, is one of numerous NFT terminologies that many enthusiasts are unfamiliar with. In this article, we will try to define the term Ape In, as well as how and why it is used.

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NFT for Dummies

Before we get into what the Ape In thing is all about, there are a few things you should know about NFTs or Non-fungible Tokens. We’ll go over the very minimum you will need to understand everything.

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NFTs are blockchain-based cryptographic tokens. A blockchain is a public ledger of unchangeable transactions. Most of the blockchains are distributed. This means that various entities own and control them.

A “token” is a unique sequence of integers that can be allotted to a “wallet” managed by someone on a blockchain.

Because they are all unique in a sense, NFTs are not fungible. You can’t replace it with another identical item or currency. For comparison, you can exchange a $1 bill with any other dollar bill and will retain its worth. Chickens <3, gold, and money are all fungible. Keep in mind that you can buy and sell NFTs in US dollars, Bitcoin, or Ethereum.

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APE IN

Ape In is a term to describe people who rush into purchasing a new NFT or currency without conducting thorough research or study. It all started with the ‘apes together, strong’ meme. However, it is always advisable not to ‘ape in’ to any projects without first conducting a thorough study and knowledge of what you’re purchasing.

  • ‘Ape In’ in a sentence:
    • “When I noticed the *$TUDF was rapidly climbing, I decided to Ape In.”
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