NFTs are unique digital assets, such as artwork, collectibles or music, recorded and stored on the blockchain. The blockchain is essential to their existence as it helps establish their authenticity and ownership, allowing creators to trade and potentially earn royalties.
Investing early in trending NFT mints has several potential benefits, including a low entry price and exclusive access. More importantly, early buyers have a higher chance of making a potential profit once the NFT collection or project is listed if it performs well on secondary marketplaces like Magic Eden and OpenSea.
Read on to find out how you can discover the hottest NFT mints
Understanding NFT Minting
NFT minting refers to creating unique digital assets such as artwork or videos, recording them on a blockchain, and turning them into non-fungible tokens with a unique identifier and proven ownership.
Simply put, minting an NFT means creating a new non-fungible token on the blockchain.
NFTs often represent real-world items like artwork, property rights, and real estate. In this use case, minting NFTs allows creators to establish the authenticity and ownership of the assets, making it easy to invest in them.
Here are a few reasons why early minting matters in the NFT space:
- Exclusive access and benefits: Early minting oftentimes comes with special benefits such as limited edition items or NFT drops.
- Lower entry price: Investors can purchase NFT mints at a much lower price than when they are listed and sold on the secondary market.
- Potential for high returns: NFTs can become popular and appreciate significantly in value. Early minting allows early investors to potentially profit by selling their NFTs at a much higher price later on.
How to Discover the Best NFT Mints
Now that you know what NFT minting is, let’s look at how you can discover the best NFT mints.
You can discover the best NFTs using the NFT calendar websites, following X and Discord communities, tracking NFT analytics and marketplaces, and participating in allowlists and airdrops.
Use NFT Calendar Websites
Using NFT calendar websites is one of the ways that you can discover the best NFT mints. You can use platforms like the Magic Eden Mint Terminal, NFTCalendar.io, and Rarity Tools to discover upcoming drops and mints.
For instance, Magic Eden’s Launchpad tracks upcoming NFT collections and projects and features a drop calendar that lets users stay informed about potential mint opportunities and new releases.
These sites track upcoming mints by aggregating data from different NFT marketplaces and platforms using APIs. This information is then displayed in a user-friendly and organized manner.
Follow X & Discord Communities
Many NFT artists share their NFT collections and projects on X. You can list your favorite projects and follow their key accounts on X to stay updated. Additionally, you can follow relevant industry leaders on X and find key hashtags related to the listed NFT projects.
You can also join relevant Discord communities or groups linked to NFT projects. This way, you get real-time updates on various NFT mints while also engaging with a community of people with shared interests.
Track NFT Analytics & Marketplaces
There are various marketplaces and NFT analytics tools that you can use to track NFTs.
Using tools like Blur, Dune Analytics, and OpenSea, you can learn about the price of an NFT, its rarity, and sales. By looking at an NFT’s trading volume and holder data, you can establish whether or not you should invest in a particular NFT.
Participate in Whitelists & Airdrops
An NFT whitelist is a list of people or wallet addresses pre-approved to receive early access to minting or buying non-fungible tokens before the general public for a limited period.
These whitelists are usually used to reward early adopters, manage the NFT minting process, and prevent gas wars and network congestion.
Different NFT projects have different requirements when it comes to whitelisting. However, more often than not, projects whitelist users based on the support they get from their community and users. Users can get on exclusive project mint lists by following the project’s guidelines and social media accounts and engaging with the project by participating in its community activities.
Conclusion
If you are thinking of getting into NFTs as an investment asset class, it’s important to explore NFT minting opportunities wisely.
Even though the NFT space offers various potentially rewarding opportunities, do your own research before investing or minting. And as always, never invest more than you can afford to lose, especially when it comes to all things crypto.
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