NFT Secrets…
NFTs, the term is everywhere lately, and this is just the beginning. The technology for NFTs has been around since 2010 and became more mainstream in 2017 with the launch of Crypto Kitties. NFTs are quickly becoming mainstream, and before we know it, they will be a part of everyday life. I have spent a good chunk of 2021 with my team exploring and learning NFTS, how to purchase NFTs, how to create them, the best platforms, and the dos and don’ts of the NFT world. Here are the top 10 NFT secrets we have learned…
Be prepared.
Create a Crypto financial portfolio. Do your research and find a Crypto Investment platform such as Coinbase to build a portfolio. Create a wallet on Metamask, and fund your account.
Have a collector’s mindset.
When looking at art in the NFT space, think about it as a collector for future value. A lot of the conversation is about NFTs as an evolution of fine art collecting in the digital space. So, when you are looking at purchasing an NFT, think about the future value and resale possibility of that NFT. NFTs are investments, so invest for the long term as a collector.
Support artists who are branching out into this new space.
While keeping in mind the collector’s mindset, look at new and upcoming artists. The digital and NFT world is opening new doors for artists to branch out with their work. Giving them new opportunities to create and sell their artwork. Consider investing in these new artists and becoming a collector of their work.
Do your research.
As you begin to consider investing and purchasing NFTs, educate yourself. Learn about the different types of wallets, platforms, gas fees, and buying options. Some NFT platforms allow you to buy with a credit card, and some only use ETH or WAX tokens, so know the requirements and options before attempting to purchase and make sure you are prepared.
Be clear with what you want to accomplish from the beginning.
Why do want to buy or create NFTs? Is it to share art? Is it to gain access? Or is it to license and reproduce? Know your reasons. Jumping into the NFT world to buy or sell without a clear direction is the quickest way to become frustrated and set yourself up for frustrations and financial loss.
If you decide to become a creator, research, plan, and educate yourself.
It is not recommended for someone to create and sell an NFT without a plan of action. Design a plan before you create, mint, and sell your NFT. Plan your content, know what platform you want to sell from, learn that platform, buy an NFT from another creator, know the fees involved, and have a plan to promote.
Connect with The NFT Community.
The NFT Community is all about connection and support. Know where to find other people in the NFT community and connect. Get on Clubhouse, Discord, Twitter, and Instagram. Join NFT groups, listen in on NFT Clubhouse rooms, follow other NFT artists and collectors, and communicate!
Collaborate with other artists and collectors.
Look for different artists and people with different backgrounds to add ideas, brainstorm, and work together. You never know how your feedback or feedback from someone else can help you or them. Work and build together to create something extraordinary!
Realize that launching an NFT successfully takes time.
In order to be successful in creating, launching, and selling your NFT you need to have time and support, it does not happen overnight. Follow the tips above. Purchase NFTs, build a community, do your research, design a plan, connect, gain and show support.
Utilize the ELF mentality!
Getting into the NFT Space should be Easy, Lucrative, and Fun! The moment it becomes anything less, take a step back and evaluate. Think about where you are going wrong, changes to be made, and new steps to take. Maybe educate yourself a little more. We are all learning this new world, and things are changing daily.
I hope our NFT secrets help you as you explore the NFT space!
Learn more about NFTs, and be sure to check out the Global Leaders Collective.
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