noun
Internet Slang
sniping
SNY-ping · noun · slang
Grabbing underpriced or newly listed NFTs before anyone else.
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Definitions
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Rapidly buying newly listed, mispriced or rare NFTs — often via bots — before other buyers can, usually to resell higher.
“A bot kept sniping every under-floor listing within seconds.”
by community
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sniping In A Sentence
A bot kept sniping every under-floor listing within seconds.
Origin & Usage
Gaming/auction 'sniping' applied to fast NFT purchasing; explained by Coinbase.
People Also Ask
What is sniping in NFTs?
Sniping is rapidly buying newly listed, underpriced or rare NFTs — often with bots — before other buyers can, usually to flip them higher.
Are NFT sniping bots legal?
Using bots to snipe listings generally isn't illegal, but it's controversial and some marketplaces try to limit it as it disadvantages regular buyers.
How do people snipe under-floor listings?
They monitor new listings in real time and auto-buy anything priced below the floor within seconds, faster than a human could react.
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