NFT? NFT?? NFT??? Been hearing "minted for $70 sold for $12000" and wonder how it's all done? Well this thread explains it allπ
Firstly NFTs are referred to Non- Fungible tokens. In lay man words they are unique digital arts. Let's leave all the long explanation and paragraphs and get straight to earning on NFTs.
The most common and easy way to make money on NFT is by minting a project's arts while it launches. It's like getting the arts before it gets listed on marketplaces. Marketplace is similar to an exchange.
On marketplace you can buy and sell your arts while coins are traded on exchanges.
The Ethereum blockchain has been the home of NFT's. So you should be ready for gas wars.
Moving on, how do we spot good projects about to launch?
The Ethereum blockchain has been the home of NFT's. So you should be ready for gas wars.
Moving on, how do we spot good projects about to launch?
I get them on Twitter!
Follow this gems, they post updates on life changing projects @DeezeFi @NFTmachine @xincdoteth @C0inAlchemist
@hirst_official @Blockanalia @notEezzy
@DannyCrypt @Ademiici @ThinTallTosin
Go get your metamask and ETH ready, it's about to get lit.
Follow this gems, they post updates on life changing projects @DeezeFi @NFTmachine @xincdoteth @C0inAlchemist
@hirst_official @Blockanalia @notEezzy
@DannyCrypt @Ademiici @ThinTallTosin
Go get your metamask and ETH ready, it's about to get lit.
Once you get a project, the minting happens on their website, you can use @MetaMask wallet browser . Make sure you have enough eth for gas and a good network the because fastest fingers win. After minting, you can then proceed to list for sale on a marketplace.
There are hundreds of collections of opensea, how do we know the next cryptopunk or boredape? Well just look out for projects with great community, because that factors demand. You can also evaluate the demand of a project by dividing the number of items in a collection by the-
Number of owners. For example @cunningfoxes has 8.9k items and 3.2k owners. Dividing that we have approximately 3 Which means 1 person own an average of 3 arts in the collection. Once the average is above 4 I do not invest in such projects.π
After buying at the floor price simply wait for it to moon. Most times it goes well and some times it doesn't. Always invest what you can afford to lose. Up next step to step guide on how to buy NFT'S on opensea
Visit opensea.io via your metamask browser on your phone or use chrome on your PC which has a metamask extension
The link above takes you to the homepage of opensea. You can search the name of the collection or items you want check out with the search button
Once you have found a collection to invest in
Make use of the filter in the left hand side. Use the "buy now" and the "low to high" filter so you can see the cheapest NFTs that are available for sale in the collection
Make use of the filter in the left hand side. Use the "buy now" and the "low to high" filter so you can see the cheapest NFTs that are available for sale in the collection
Click on the NFT of your choice and click on buy now. Follow the steps and you become a NFT owner. Yes it's that simple. Kindly help retweet so others can also benefit from the knowledge. Follow me for more information on cryptocurrency and dont forget to invest wisely!. Thank u
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