The NFT craze is living in our heads rent-free. But as more and more people are buying into that investment, competition will definitely get fiercer. Before we get into all that in detail, you gotta make sure you know what you’re doing in the NFT space. So first things first, make sure you know your NFT terms. And when you know how to blend in the community, it’s gonna be time to buy an NFT. It’s not that simple though. So now we’re gonna take a look at challenges you could face, and why an NFT whitelist is the solution!
What Could Go Wrong on Minting Day?
So you’ve been eyeing a certain NFT project for a while, and the minting day arrived! Now, you can be one of the lucky few who manage to mint their NFT of choice peacefully. But two things can also go wrong. First, you won’t be fast enough to catch any of the NFTs. And by the time you try to buy one, they’re sold out. Second, we have gas wars which is a bummer for so many people. Not everyone is ready to pay thousands of dollars on top of the NFT’s own price. Check this out if you wanna read more about gas wars.
If you wanna avoid these problems, you’re gonna have to get yourself on an NFT whitelist? But what exactly is it? And how can you get on it? Let’s find that out and more right now!
What’s an NFT Whitelist?
An NFT whitelist is a list of people who are allowed to mint a project before the public release. Usually, NFT projects that are under a lot of demand and hype have whitelists with a few spots open for people. In other words, the NFT project’s team pre-approves a crypto wallet for a future drop.
Benefits of Getting Whitelisted
- Guaranteed Access & Minting
- Buy Low (and maybe sell high)
- Avoid Gas Wars
Access Guarantee
This solves the first problem with high-demand NFT projects. An NFT whitelist will give you exclusive access to these NFTs before they even drop! That way, you’ll get to pick and choose what to mint and avoid the risk of the NFTs selling out.
Buy Low Because You Can
Okay, so this one specifically comes in handy if the NFT project shows a promising value. That way, you’ll make sure that you buy cheap NFTs and maybe go into NFT flipping! And even if you wanna get into collecting NFTs, buying low is always better than paying more in resale. But if you ever find yourself in that predicament, resale sites like OpenSea and Rarible are your friends.
Avoid Gas Wars
That’s the other problem we also mentioned. Gas wars are brutal on hype projects. And some people might go as far as paying thousands of dollars to just get their minting done. So why go through the extra expenses when you can get a place on an NFT whitelist?
How to Get on NFT Whitelist – Some Helpful Tips
We gotta put it out there before we discuss the how: these tips are not written in stone. Meaning that you could do all that and still be unlucky enough to not get on an NFT whitelist. However, doing all these things will certainly put you in a more favorable position to get on there. So why not try them out? They’re not gonna cost anything, but could potentially help you gain a lot!
Community Engagement – Stay Active!
First things first. When you find a potential promising NFT project, you should always do your own research. Sometimes, promising NFTs could turn into a rug pull, and we don’t wanna risk that, do we? Anyway, when you do find a cool project, make sure you become a member of its Discord server. That way, you can follow up with the latest news, engage in discussions with other members, and more. The most important thing is to stay active on there, including the project’s Twitter! After all, who’s gonna whitelist someone who’s been idle for a long time?
Invite More People
Who doesn’t love getting more exposure? If an NFT team finds that a person is bringing in more potential investors, well they’re probably gonna give back! That way, it’s a win-win situation for both involved parties.
Make Fan Art
Simple! Do you have an artistic touch? Well, that can come in handy and might just land you on an NFT whitelist! Fanart is basically free publicity for the project. That’s free publicity that can also benefit you too.
Participate in Giveaways
Who doesn’t love free things? Lucky for us, NFT projects usually do giveaways and offer a spot of two on their whitelist. So make sure you always keep checking their Twitter and Discord accounts. That’s kind of a full-circle moment that takes us back to the fact that you should always be active!
Get in Early
The early bird gets the worm! NFT projects usually offer free spots for early supporters to create the hype they need. They won’t have to go through the whole selection process to land a place there. But the most important thing there is to know which project to take part in. One indicator of promising projects is how well done their roadmap is, so keep an eye on that too.
Now That You Know All the Details
You should definitely go on your NFT hunt with an idea of what to expect. And generally, every NFT project has a list of requirements to get on an NFT whitelist. These requirements are basically for marketing purposes and to garner the needed hype and exposure. Who knows? You could be sitting on the next most expensive NFT without knowing it! Get in early, and you won’t even need to resort to NFT bots to get what you need. Godspeed 🔥
