noun
Internet Slang
snapshot
SNAP-shot · noun · informal
A block-height record of who holds what, for rewards.
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Definitions
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A timestamped record of NFT/token ownership at a specific block, used to determine who qualifies for an airdrop, allowlist or governance right.
“Snapshot's tomorrow — make sure your NFT is in your wallet, not on an exchange.”
by community
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snapshot In A Sentence
Snapshot's tomorrow — make sure your NFT is in your wallet, not on an exchange.
Origin & Usage
On-chain mechanic; the name also references the Snapshot governance tool.
People Also Ask
What is a snapshot in crypto?
A snapshot is a record of who holds which tokens or NFTs at a specific block, used to decide who qualifies for airdrops, allowlists or votes.
Why do I need my NFT in my wallet for a snapshot?
Because the snapshot reads on-chain ownership at that moment; if your asset is sitting on an exchange it may not count toward the reward.
Is a snapshot the same as the Snapshot governance tool?
Related but not identical — the general term means a block-height ownership record, while Snapshot is also a specific off-chain voting platform.
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