The collective noun for any new venture in web3, could be a new DeFi protocol or a group of NFTs. These can be generative, a limited series or whatever clever technique the Devs and project owner decides. Some will have utility; others will look nice as PFPs. Some may have a roadmap and some not.

Degen Chat

“Check out Pak’s new project ASH. It’s mined by burning NFTs. How do they come up with this awesome shit all the time?”

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