WAGMI is the abbreviation of “We Are All Going to Make It” and stands for “We Will All Make It”. This expression, which has become widespread with the introduction of digital assets into our lives, is used in crypto communities among the NFT jargon.
What Does WAGMI Mean?
The concept of Wagmi, which has become more popular especially with the introduction of NFTs into our lives, means “We will all succeed”. Wagmi, short for “We Are All Going to Make It”, is said to be a companion and support to crypto traders, friends or social media followers. In addition, in the NFT world, WAGMI is used when talking about NFTs that have been successful or are expected to be successful in the future.
GMI (going to make it) has recently transformed into WAGMI, especially after the rise of NFT, with the establishment of the “we” culture and language in the ecosystem.
What is NFT, What Does It Do?
NFT is defined as a type of cryptographic tokens on a blockchain that represent a unique asset. NFT, which stands for “Non-Fungible Token”, contains the proof of the digital equivalent of an image, sound file, video or physical asset.
NFTs, which are part of the Ethereum blockchain, can be thought of as a kind of certificate for owning digital artifacts. NFT transactions are recorded through blockchain technology. These blockchains are encrypted in such a way that the data inside them cannot be changed. These digital assets cannot be deleted, copied or synced with a similar asset, because each NFT asset has its own unique feature.
NFT is a crypto asset that represents something unique and collectible using blockchain technology. In other words, they are digital assets that leverage blockchain technology to provide authenticity and security. Blockchain is basically a distributed database for recording and storing information. This database is also called a digital ledger and the decentralized network ensures that data cannot be hacked or manipulated.
