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Complete Guide on NFTs.md

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Buy NFTs From

  1. Opensea.io
  2. Rarible.com
  3. Mintable.app

Finding NFT Projects Early

  1. Twitter
  2. Alpha groups/shill channels
  3. NFT drop websites

NFT Growth Blueprint

  1. Find a Project. Use rarity.tools, NFTgo, Coinmarketcap.
  2. Validate project - 10 step checklist(written below)
  3. Get whitelisted through discord grinding, invites, giveaways, fan arts, existing NFTs, engaging on their social media etc.
  4. Mint : Purchase at lower price before the general public and then flip it for a much higher price. Minting an NFT is publishing a unique digital asset on ethereum blockchain for the first time so that it can be bought, sold, and traded.

10 Step Checklist To Validate An NFT Project

  1. Check their twitter account.

    • Followers - 5000+
    • Engagement on tweets should be good.
    • Hype.
    • Giveaways.

  2. Check their discord server.

    • Members - more than 75% of twitter followers
    • Are the team engaging with the chat?
    • Are members truly excited for the project?
    • Check announcement channel.
    • Check when was the first post made
    • Also check how actively the Founder is engaged with the people.

  3. Check their website.

    • Is the site well built?
    • Does it sound shady?
    • Are there any spelling/grammatical errors?
    • Is there a roadmap on the site?
    • Is there an aspirational value or emotional sentiments attached to it?
    • For example, there are many NFT projects dedicated to animals and their improvement. So emotional sentiments are involved here which makes the NFT special.

  4. Are the founders visible on the site?

    • Visible founders is reassuring as it is clear that the founders are proud of what they have built.
    • What the founders/teams academic or skill credentials?

  5. Are the founders real?

    • Links to Linkedin account?
    • Links for twitter account?
    • Google search the founder names.
    • Reverse image search the founders image.
    • Check youtube channel if there is any.

  6. Is there a strong community behind the project?

    • Again the point of aspirational or emotional value comes here.

  7. Any negative news about the project?

    • Search on twitter.
    • Search on Youtube.
    • Google search project name.

  8. How unique is the NFT project?

    • Is it a derivative?
    • Does it have a USP?

  9. Does the NFT have utility?

    • Do you get anything else other than the NFT?
    • Can it be used in the Metaverse?

  10. How strong is the road map?

    • What is their plan once the NFT drops?

Gas Price

The price you pay to ethereum miners to carry out your transaction on the ethereum blockchain. With ETH 2.0 the gas prices must have fallen drastically. So keep that in mind.

Gas Price Trackers

  • Ethereumprice.org/gas/
  • Etherscan.io/gastracker

NFT Project Price Trackers

  • icy.tools
  • nonfungible.tools/supersea
  • dune.xyz/rchen8/opensea

Whitelist

Whitelist means you get priority access to mint an NFT, before the general public gets a chance to have it.

8 Strategies To Get Whitelisted

  1. Just be early.
  2. Hold another NFT. Projects in its partnership could give you whitelist spots.
  3. Be active and helpful in discord.
  4. Engage with their social posts.
  5. Invite people via your referral link.
  6. Enter all the giveaways.
  7. Create fan art.
  8. Gigs(Risky). Basically hire people or a virtual assistant on fiverr who will grind and find all the NFT projects that fit our 10 step criteria.
  9. Do as many of these as you can.
  10. Getting WL is not as easy as it looks.
  11. You need to spend time for this.

Twitter Accounts To Follow

  • @JRNYcrypto
  • @Zeneca_33
  • @OttoSuwenNFT
  • @thebrettway
  • @beaniemaxi

NFT Scams To Watch Out For

  1. Fake Mint URLs in your DMs on Discord server.
  2. Fake collection pages on opensea. Always use official links given on the projects' twitter account.
  3. Fake accounts on twitter, youtube and social media.

Create A Big NFT Project

  1. Social Media Accounts
  2. Generate followers
  3. Plan out your roadmap
  4. Set up while listing
  5. Set up giveaways
  6. Manage the whole project.
  7. Set up discord server
  8. Be active in Discord.
  9. Set up the website.
  10. Promote and market the product.
  11. Set up minting.
  12. Add utility and aspirational value to the NFT.

Sell Individual NFTs/Small Collections

  1. Confirm the design style. Use the activity tab and search old projects which have sold well. It can be bears, pokemons etc or anything you like.
  2. Create the NFT. Use Canva Pro, or Photoshop
  3. Create collection page on OpenSea.
  4. List it on the market place. Use OpenSea, rarible etc.
  5. Sell it. Collect funds.

3 Phases Of A New Collection

  1. Minting.
  2. Pre-reveal
  3. Post-Reveal

Some Tips

  • When ETH price goes up, the volume of NFTs traded on OpenSea goes down. They are inversely proportional to each other. Trade NFTs only when they are in bull run or when ethereum is in bear market. In a bear market, only buy NFT Projects that are really hyped or the projects you really believe in.
  • Always buy an NFT 1-2 days before the pre-reveal. The people who could not get whitelisted now want to buy that NFT and they push the price higher. Buy before the price is pushed higher by people. And sell when the reveal happens.
  • Use polygon blockchain to avoid high gas fees on ethereum blockchain. ETH is most popular and mostly used. But polygon etc can also be used.