What Does “COPE” Mean in NFTs? A Beginner’s Guide

MetaversePlanet September 18, 2024Last Updated: September 18, 2024

0 2 minutes read

If you’re just stepping into the world of NFTs (Non-Fungible Tokens), you may have come across the term COPE. It’s a popular word in online communities, especially when it comes to discussions about cryptocurrency and NFTs. But what exactly does it mean? Let’s break it down in simple terms.

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What Are NFTs?

What Does "COPE" Mean in NFTs? A Beginner's Guide

First, let’s quickly recap what NFTs are. NFTs are digital assets that represent ownership of unique items, like digital art, music, collectibles, or even virtual land. Unlike cryptocurrencies such as Bitcoin, which are identical to one another, NFTs are one-of-a-kind or part of a limited edition.

Now that we’ve got that out of the way, let’s focus on COPE.

The Meaning of “COPE” in NFTs

In NFT and crypto communities, COPE is a slang term used when someone is trying to deal with or come to terms with missing out on a big opportunity, usually involving the chance to make money. It’s short for “coping,” which means “trying to handle a difficult situation.”

In simple terms, when people say “You’re coping” or “Just cope”, they’re implying that someone is trying to mentally adjust after losing money or missing out on a big opportunity—like not buying an NFT when its price was low and then watching it skyrocket.

How Is “COPE” Used?

Here’s an example to help you understand how COPE is used in the NFT world:

Imagine you could have bought an NFT for $100, but you didn’t. A few weeks later, that same NFT is worth $10,000. You feel regretful and might express your feelings by saying, “I have to cope with missing out on that NFT.”
Or, if someone is feeling down about not being able to buy an NFT early enough, other people in the community might jokingly tell them to “COPE” to suggest they should just accept it and move on.

Why Do People Use “COPE”?

In the fast-paced world of NFTs and crypto, prices can rise or fall dramatically. It’s common for people to feel like they missed a huge opportunity, and COPE has become a way to express that feeling of regret. Sometimes, people use the term humorously, as a way of easing the frustration that comes with these high-stakes investments.

Understanding the slang used in NFT and crypto communities can make it easier to follow conversations and feel more comfortable as you navigate this new space. COPE is one of those terms that has become a way for people to deal with the emotional ups and downs of the NFT market. Whether you missed out on a big opportunity or not, learning to COPE is part of the experience in this ever-changing world!