Metadata Name:
This is the name of the Trait in the properties list, for example: if you have a trait called "happy-something.png", you can set its metadata name to "Happy".
Title Name: ( Will no longer exist in newest version )
By default each NFT will have the name "Project Name #1", "Project Name #2", "Project Name #5000", etc.
If you want each NFT to have a customized name (like Mr. Green or Clayton Bigsby) you can set this for each trait - the final name of the NFT will be the combination of all Title Names that were used in the NFT.