Collecting NFTs can seem overwhelming at first. Not only do you have to collect the right ones, but also make sure that they are worth something on the marketplace. This blog post will give you 6 tips to help you start collecting NFTs and turn them into a valuable collection.
Find Out What’s Trending
The most recent NFTs are probably going to be the most popular ones. NFTs with a short history behind them will likely not have been traded for very long, meaning that they won’t have had much of a chance to rise or fall in value yet. Some examples include Cryptokitties, Jungle NFT marketplace, and CryptoPunks. On top of this, some users may still own these tokens from when they were first made live on the blockchain – which means if you can get hold of any, then their price could explode! However, do remember that even though there might be hype around certain types of tokens at present, this doesn’t mean all new releases will automatically follow suit – so always research individual tokens to avoid disappointment.
You should be able to find out what is trending by checking the most recent posts on popular social media channels, such as Reddit and Twitter. For example, you can check places like r/cryptocurrency for information about the latest NFTs that are making waves in this space. Another good place to look into would be CoinMarketCap. You could also try searching YouTube, where influential vloggers sometimes cover new releases of different tokens – which will likely give you an indication if it’s worth getting involved with some further research at your end.
Search For “Best Of” Lists
There are many different lists out there that can help you find the right NFTs to collect. You can find lists for specific categories of NFTs or general collections of different types of tokens.
Be sure to do your research before buying any NFTs, as some may be scams. Always check the legitimacy of an NFT before purchasing it. You can use resources like Trustnodes to verify whether an NFT is legitimate or not. If you’re looking for a curated list of verified and trustworthy NFTs, check out the NFTY News website. They have a comprehensive list of all verified NFTs, as well as a news section that covers the latest in NFTs and blockchain technology.
Join An Active Community
For most people who are new to crypto, the hardest part is getting started. One way you can make it a bit easier on yourself is by joining an active community of crypto enthusiasts. This will help you learn faster and approach your goals with more confidence in what you’re doing. You might even find someone else going through the same experience as you which makes things so much better! There are many communities on Telegram or Discord where beginners can chat about issues they face while trading, buying their first NFTs, et cetera. These communities are also great for getting tips on what to buy and sell.
There are many different types of communities, so you should do some research first before joining one. Some might be more focused on trading, others might be more about discussing new projects and their potential value. Whichever community you choose, make sure it is active and has a good reputation! Joining the right community can help speed up your learning process and give you valuable insights into the world of crypto-collectibles.
Use Social Media
Use social media to search for NFTs that you may be interested in collecting. There are several online communities where people share information about NFTs and how to collect them. By following these groups, you can learn about new types of tokens being released and find collectors who may be willing to trade or sell their tokens to you.
Twitter is a great resource for finding out about new NFTs. The #NFT hashtag is used by many people in the community to talk about all things related to non-fungible tokens. You can also follow popular accounts like @nft_collector, which shares news and tips on collecting NFTs, or @nonfungibles, which showcases interesting examples of NFT projects.
Use Blockchain Explorers
When you’re starting, it can be helpful to use a blockchain explorer to research different types of NFTs. This will give you an idea of the different options that are available to you and help you make more informed decisions about which tokens to collect.
Use blockchain explorers to research NFTs like etherscan.io or other similar websites that you can use to watch transactions on the Ethereum network in real-time with up-to-date information about each address’ balances of tokens under management (TAUM). Using this tool will help give you an idea of which tokens are available for trading, what type they are, how many exist & who owns them! Use these tools before making any decisions related to investing because it is important to have all necessary knowledge beforehand so as not to avoid being scammed by false claims made by others trying to take your money away from you illegally which means no growth for you.
Don’t Expect To Get Rich Overnight
The world of NFTs is still in its early stages, and there will likely be many more changes to come. It’s important to remember that while there is potential for profit down the line, collecting NFTs should primarily be seen as a hobby or investment opportunity. With that said, don’t let this discourage you from starting your collection; rather, use it as motivation to learn as much about the industry as possible. By doing so, you’ll put yourself in a better position to capitalize on future opportunities.
By learning about the different types of NFTs available and what each one offers, you’ll be able to better decide which ones are right for you. There are many resources available online that can help with this process, so take your time and read up on as many as possible. Thankfully, by following these six simple tips, you can make the process much easier and get started on your collection today!