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what is the "street cred" mean?

I saw a dramas, and a couple was talking.
Some words, I don't get it even though I looked it up on dictionary.
The conversation was this.

A: You won't lose your street cred.
B: I am happy to lose my street cred.

On the dictionary said "street cred" is something new and popular things that approve or consider of to be part of young people.

To be honestly, I totally don't understanding what the dictionary says.
Or in the conversation, they have hidden meaning of "street cred" ?

Please give me an answer of "street cred"

For learning: English
Base language: English
Category: Other

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    你好

    Street cred is short for street credibility. It basically means respect from knowledge or experiences from living and/or working in the streets.

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