What Is NFT Whitelist Best Strategy To Get Whitelisted in 2022
With so many people entering the NFT space, I thought the best time to create an article explaining how the NFT work and how to get on an NFT whitelist. So many NFT collections are released every single day. And NFT creators are using whitelists to reward particular community members. by allowing them to mint tokens at a reduced price, before the public sale, and sometimes even for free.
Some of the most hyped NFT start conducting whitelists, so people are trying to understand what is an NFT whitelist, and how are you able to get on it. Throughout this entire article, I’m going to tell you how to get on an NFT whitelist for these upcoming hyped NFT projects, let me tell you if you can get on a whitelist for some of these collections, you are going to have a significant advantage over people who are not whitelisted.
A statistic that compares whitelisted and none whitelisted buyers shows which one has a better likelihood of making a profit when flipping , according to OPENSEA data shows that users who make it to the whitelist and later sell their newly minted NFT, gain a profit of 75.7% of the time, and people who didn’t make it to the whitelisted only make a profit 20.8% of the time which means if you got whitelisted you have a much better likelihood of making a profit once selling that NFT.
What is an NFT whitelist?
A whitelist is analogous to a VIP list, or a guest list for an event. If you are on it, you earn rewards. Sometimes it`s early access. It might also mean you get to acquire an NFT at a reduced price. By defining a whitelist, NFT developers pick specified cryptocurrency wallet addresses to grant access to the minting process for their NFTs for a specific window of time. Some NFT projects are community-centric. Therefore, whitelisting allows early supporters or active members to be rewarded for giving them an initial slot to create an NFT as a non-member. It can help avoid
When many users try to mint NFT for the same project at the same time, transaction fees soar. This is the cost of actually executing the transaction, excluding the cost of purchasing the NFT itself. Therefore, by choosing a different time frame for each consumer, devs can extend their purchases for long periods. This is similar to setting up a meandering queuing system outside your business or offering a period to buy. It eliminates crowds around the place-it’s only a virtual place in the NFT.
Best strategy To Get Whitelisted for NFT project
There is no secret getting whitelisted on an NFT project is hard, I will share some of the best strategies you can follow so you can take advantage of the next NFT project you want to buy in.
Being Early
Being early in the NFTs project is the first advice successful NFT investors and collectors use to secure their position in the whitelist spot. A decent NFT project would constantly grow the community fast, as the hyped play an important role, most talented NFT collectors jump into it as soon as they see the community grows.
There are several ways to find an NFT project early:
Twitter is the most powerful tool to find upcoming NFT projects. most of those in the NFT community are living on Twitter, if there is a place to start with Twitter is your first place. also, most of the whitelist and giveaway activity is happening there.
If you can sift through the noise, it’s a better tool than Twitter for finding NFT Projects. Each project, group, or influencer has its Discord server with different levels of activity. If you can identify a server with a close community that is publicly discussing a new project, you can find them as well.
- Upcoming NFT websiteThe first strategy NFT creators use when they their NFT drop is to list it on the upcoming NFT site, every day hundreds of projects are listed on these kinds of websites. take your time, look into a collection that interests you.
check the lates upcoming NFT drop
Launchpads
NFT Launchpad is a platform that allows the minting and launch of NFT initiatives. With the NFT Launchpad Development services, the creators may gather funding to construct NFT projects, launch their NFT products, and advertise their NFT projects too. These are pretty much like IDO launchpads but cater exclusively to NFT developers.
NFT Launchpads help to identify early-stage promising nft projects and participate in their presale events. some launchpad needs to buy their NFT so you can get whitelisted in their upcoming NFT event.
Alpha groups
group is a closed discord server where the members share information about upcoming NFT projects with huge potential. by joining one of these Alpha groups out there, you will be able to get information that they’ve gathered from the connection they have from the NFT space to make better trades, also share stuff like whitelists spots in certain projects, and giveaways. To find an alpha group you have to lock into those throw leaders in nft space, people you see on youtube, Twitter reach out and ask them. Usually to be part of the Alpha group you need to buy an NFT or be a Patreon member.
Purchasing Previously Released NFTs
A new way that NFT project owners do, is to reward those nft holders that have purchased into their previously released nfts, by giving them a whitelist spot to mint their new nft project.
An example of an nft collection doing this is invisible friends, which hasn’t been released just yet, and as you can see on their Twitter, invisible friends is part of the random characters collective, and the random character collective has released nft projects in the past, and within the invisible friends discord server, they mention half of the early access spots to the whitelist spots will be reserved for holders of “slim hoods” and “mood rollers”, and those two projects are part of the random character collective.
Community Participating
Participating in the community activity is the most challenging part of the list. It’s the most time-consuming part of the NFT whitelist war. participation means being active within the community of that nft project, And this could be a different activity, like creating fan art for the project participating in giveaways, joining games events that are happening in the community of that NFT collection. What nft creator want to see here is that individuals are participating with the nft project’s ecosystem, are you adding benefit to the community
Be A Content Creator
Start creating content about NFT, and build up your social media, being a creator for the nft space, will going to get you in a lot of projects, some project owners will come to you and offer you a whitelist spot for you to promote them on your socials. Tiktok is a great tool and easy to build an audience, there are so many influencers that get whitelist spots or get free nfts to promote their project.
Final Thoughts
The NFT world is a very fast-moving space. The 2021 year witnessed a great burst of NFT projects, people rushed in to acquire their NFTs.
As part of that wild rush into NFTs, a massive rise in gas costs so much so that it began to take out smaller competitors in the market. And in response, whitelisting emerged and has become commonplace.
While gas costs on the Ethereum network are still a serious problem, whitelisting has helped. The idea is that the NFT world is always developing and adapting. This is a very new space and if you are reading this you are very early.
