NFTs, or non-fungible tokens, are steadily gaining popularity every day. In 2020, the net worth of the NFT market was $17 billion, up exponentially from $82.5 million in 2019. If you’re interested in entering the marketplace, now is the time to get in on the ground floor and turn a profit in the world of NFTs. Sibel is an up-and-coming NFT influencer, and she wants to share her expertise on how to enter her world.
The simplest way for most people to get in on the fun is by buying and selling NFTs. Often, people will “flip” them similarly to stocks; selling high and buying low is a common mantra for both spaces. Some of the most popular NFTs might be out of most beginners’ budgets, but don’t be discouraged. Thousands of NFT collections are more affordable. Plus, new projects drop on the scene daily. Sibel monitors the market to find the best NFTs to share with her fans, and she gives away assets on her Twitter account. “You can check the NFT marketplaces like OpenSea for new projects, which will help you get in on the ground floor of a movement,” said Sibel. “You can also search for new and upcoming projects on social media by searching through hashtags.”
Most NFTs are at their cheapest when they’re minted or bought by a consumer for the first time. To make the most money, you’ll want to find NFT projects that you can buy for the first time when they’re brand new. Sibel recommends following people in the cryptocurrency and NFT spaces to learn strategies and find projects that haven’t even launched yet. “People who are part of the community for a collection of NFTs will get first access to them when they drop,” said Sibel. “You can join the creator’s Discord server or follow them on Twitter so you can buy when something is new.”
Many NFTs will likely become more and more valuable as more people learn about them. If you’re interested in buying your first ever NFT, it’s time to pick a project!
