You're a newbie in the NFT space and you want to make it, right? You want to milk the JPEG market, to turn a few dollars to a dream.
Maybe your portfolio is in the $100s, or even near nothing. This is a guide on how you can survive in this NFT bull-market. A guide, how I started
Maybe your portfolio is in the $100s, or even near nothing. This is a guide on how you can survive in this NFT bull-market. A guide, how I started
Start by learning more. Since you've a considerably small capital, you should spend a lot of time learning how NFT works. There are tons of value on YouTube for you. Start with those that teach its basics. Take your time then move on to those that explore the chains they exist in
You're done learning the basics. Now is time to choose your path, because given the size of your portfolio, you can't afford to be everywhere.
The HIGH RISK/HIGH REWARD PATH:
1. ETH L1 may not be for you. Go to L2 protocols such as Arbitrum. They've some free to mint projects..
The HIGH RISK/HIGH REWARD PATH:
1. ETH L1 may not be for you. Go to L2 protocols such as Arbitrum. They've some free to mint projects..
For which you'll use some of your capital as gas fee. Some of these free mints include @enjoyooooor @SmolBrainsNFT @smolizards
The tweet below contains others
Try to get WL
The tweet below contains others
Try to get WL
Whitelist (WL). It is what guarantees your spot on the mint. It is what you should try to get. A safe bet imo. You've small capital, you should've time to hustle for these WLs.
@feyi_x has a thread that explains it and how you could get it
@feyi_x has a thread that explains it and how you could get it
This, from Lamideji, also shows how profitable it could be. The few dollars you put in could become a dream yn. But you need this WL. You can't afford to battle with the other 10k people that'd be minting on public sale.
MODERATE RISK/MODERATE REWARD
Something else you could do is explore NFTs on chains that have low gas fee. Solana is one. Near, Celo and FTM are other contestants in this, but I'll choose Solana ecosystem if I were you. You know why?
Something else you could do is explore NFTs on chains that have low gas fee. Solana is one. Near, Celo and FTM are other contestants in this, but I'll choose Solana ecosystem if I were you. You know why?
NFTs thrive on hype. Hype is majorly what drives the price to X's. So, you need to be where the hype is. After Ethereum NFTs I think the next chain that its projects have much hype is sol.
But on sol you get to meet lots of shitty NFTs. At this point, you've to factor the meats.
But on sol you get to meet lots of shitty NFTs. At this point, you've to factor the meats.
You should follow @SOLBigBrain @SolanaSensei @SolMintDaily and pick the gems out of the many projects they share. It is not easy, though; but nobody will help you do this. You've to develop research skills.
In some cases, these could do:
πCheck the utility of the project...
In some cases, these could do:
πCheck the utility of the project...
Weigh ir based on promise Vs achievement.
Weigh longetivity
How long has the team been in development?
πCheck the exposure. How many people know about this "great" project yet. Usually, the less the better.
Don't jump into all the apes and clubs you'll see. They're not unique
Weigh longetivity
How long has the team been in development?
πCheck the exposure. How many people know about this "great" project yet. Usually, the less the better.
Don't jump into all the apes and clubs you'll see. They're not unique
They're mostly cash grabs.
πcheck the team's sneak peak/NFTs. It is an NFT, the art matters. How lit is it? Is it worth the price?
πcheck the socials of the project. How is the twitter and discord group? How many announcements and collaborations are there?
Back to main topic‡οΈ
πcheck the team's sneak peak/NFTs. It is an NFT, the art matters. How lit is it? Is it worth the price?
πcheck the socials of the project. How is the twitter and discord group? How many announcements and collaborations are there?
Back to main topic‡οΈ
LOW RISK/HIGH REWARD
Grind for WL and sell your spot. Well, I've a friend that got 4.8 ETH out of this in January alone. It isn't easy tho.
You've to join the group of big, hyped Eth based projects and try to get WL spot. Because it is difficult to get, whales buy it.
Grind for WL and sell your spot. Well, I've a friend that got 4.8 ETH out of this in January alone. It isn't easy tho.
You've to join the group of big, hyped Eth based projects and try to get WL spot. Because it is difficult to get, whales buy it.
They'll make profit, nvm. 1 mint covers the cost and puts them buyers in profit, because the token is hyped. The pump, as everyone expects, should be crazy. The FOMO will be hard.
Such projects include @squiggles @hypebearsclub @Imaginary_Ones @GamingApeClub @InvsbleFriends
Such projects include @squiggles @hypebearsclub @Imaginary_Ones @GamingApeClub @InvsbleFriends
With membership running in hundreds of thousands, a WL in any of such projects is a blessing. As a newbie who doesn't have capital yet, you could grind to get it, then market your WL. Between 0.05 -0.4 Eth is a good price.
There are other ways of raising your capital and other things you could do. I will discuss some NFT trading strategies that I've been using to make the dough, but that will be in another thread.
If you found this thread interesting, quickly give me a follow @chikamobi ππ
If you found this thread interesting, quickly give me a follow @chikamobi ππ
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