Three NFT Strategies For Beginners in Fintech

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So where do you start? Well, with an NFT strategy that works for YOU! And today I'm sharing three of my favorites with you so that you can get started on creating your own NFT strategy too!

Violet Summer

By Violet Summer

BY VIOLET SUMMER

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August 6, 2022

AUGUST 6, 2022

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Last updated November 16, 2022

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Trade like a degen with three beginner strategies to get started on your Web3 journey.

Buy Low, Sell High

The bear market is back and NFTs are now more valuable than ever. Earlier this year, I wrote about how NFTs can be used to monetize your brand and create scarcity. As a result, more brands are jumping on the NFT bandwagon.

Today, NFTs are quickly becoming mass-adopted by legacy brands. Those who make swift shifts in their daily habits, will reap the benefits of holding NFTs. Here are three NFT strategies to get you through the bear market.

 

  1. Get on pre-sale or "allowlists" so that you can connect and mint directly from the collection's NFT contract. 
  2. Mint more than one so you can trade and at a higher price when the collection moons or the collection volume starts to gain traction. This is known as on-chain NFT analytics. You can examine the collection's movement directly from the block explorer or use tools from Ape Framework.
  3. Create separate wallets or accounts for your collections to avoid getting rugged or loosing your most valuable digital assets. Buy a hard wallet or invest in "cold storage" like Ledger or Trezor to minimize risk attacks. 

 

Visit the Glossary to learn about NFT terminology. 

 

*This is not financial advice. Please do your own research. 

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