Disclaimer 4

Introduction 6

What Are NFTs And How Did They Come To Be? 7

The Primary Characteristics Of An NFT 9

Uniqueness 9
Permanent Asset 9
No Central Authority 9
Programmability 10

How Do NFTs Work? 11

How Does NFTs Gain Value? 14

The Three Types Of NFT Users 16

The Creator 16
The Entrepreneur 16
The Collector 17

Getting Started With NFTs 18

What You Need To Get Started 18
What To Look For In An NFT 19
NFT Cryptocurrency 19
NFT Creator / Artist / Developer 20
Asset Type 21
Current Trends 21
Best Ways To Find Hot NFT Projects 22
How To Buy NFTs 25
How To Sell NFTs 26

Using NFTs As An Opportunity To Turn A Profit 28

How Valuable Are NFTs? 28
Is It Possible To Profit From NFT Flipping 29
What Does It Mean To “Flip” NFTs 29
Getting Started With NFT Flipping 30
Step 1: Identify NFTs With The Greatest Potential 30
Step 2: Determine Scarcity In The NFT 32
Step 3: Research And Predictions 33
Step 4: Investing In The NFT 34
 Step 5: Waiting It Out And Flipping The NFT 37
Tips For Selling Your NFT 38
What To Avoid When Flipping NFTs 40
Avoid After Market NFTs 41
Avoid Overlooking Future Plans 41
Avoid Hasty Decisions 42
Avoid Not Backing Up Your Security Details 42
Avoid Using Untrusted Wallets 42
How Long Should You Hold Onto An NFT? 43
The Role Of Uniqueness In NFTs 44
Examples Of NFT Sales That Led To High Profits 45
Withdrawing Profits From An NFT Sale 47

What Does The Future Of NFTs Look Like? 49

Flipping Versus Creating Your Own NFT 51

Creating Your Own NFT 53

How Do You Know When To Sell 61

The Role Of An NFT Calender 69

Using OpenSea To Flip NFTs 75

Creating A MetaMask Wallet 75
Connecting Your MetaMask Wallet 82
Setting Up Your OpenSea Profile 85
Exploring The Marketplace And Finding Opportunities 89

How Does NFT Minting Work? 91

What Is NFT Minting? 91
What Are The Fees Involved With NFT Minting? 92
How Profitable Is NFT Minting? 93

NFT Frequently Asked Questions 95

What Was The First NFT To Be Launched? 95
How Are NFTs And Crypto Connected? 95
How Much Profit Can You Make Flipping NFTs? 96
What Are The Different Types Of NFTs? 96

Wallets With ERC-721 (NFT) Compatibility 100

MetaMask 100
Coinbase Wallet 101
Fortmatic 102
WalletConnect 104

Best NFT Marketplaces And Platforms 106

 What Is An NFT Marketplace? 106
Which Marketplace Should You Use? 106
Best Marketplaces To Consider 108
OpenSea 108
AtomicHub 108
Rarible 115
NFTICALLY 116

Best Tools For Finding NFTs To Flip 119

Zerion 119
NFTBank 121
Etherscan 123
Nansen 125
NiftyRiver 127
NiftyRiver - OpenSea Rarity Extension 130
NFT Stats 131

Trends In Trading - Digital Coins, Memes, And More 133

What Is A Meme Stock? 133
What Is Wallstreetbets? 133
GameStop Was The First Example 133
Dogecoin, The Original Meme Coin 134
Shiba And Other Sons Of Doge 134
FOMO And Risks 134

Final Words 135

Disclaimer
Copyright Notice
Copyright © [2021] [NFT Hustle]

NFT Hustle is the copyright holder for all content provided in this book. The author of the book,
NFT Hustle, also holds all intellectual property that is associated with the contents of the book.

Financial Advice
The information, data, and opinions shared in this book are based on the expertise and
experience of the author, NFT Hustle, and do not replace any advice from a qualified financial
advisor or cryptocurrency expert. The information contained in this guide does not guarantee
profits from NFTs. The author, NFT Hustle, will not be held responsible for any risks, damages,
or losses experienced when the information contained herein is utilized as a means of flipping
NFTs for profit.

Limited Warranties
At the time of writing, the author of this book, NFT Hustle, endeavored to ensure the accuracy of
all data presented within the content. The author does not, however, warranty the accuracy as
data related to the industry is a constantly changing subject. The book does not warrant or
guarantee any specific results.

Trademark
NFT Hustle holds copyright and intellectual property rights to the official logo of the author
presented on the cover of this book. The logo is not to be used on external websites or
publications without the permission of the author.

Any third-party trademarks mentioned within the content of this book are the property of the
trademark owners. NFT Hustle does not claim ownership of any third-party trademarks that may
be mentioned. The book does not grant readers a license to utilize any third-party trademarks
that are located within the content, as permission for use needs to be obtained from their
respective owners.
Introduction
The finance world changed drastically when Bitcoin was announced just over a decade ago.
The very first cryptocurrency in the world was officially released on 3 January 2009 by an
unknown entity that called themselves Satoshi Nakamoto. While it took a while for the world to
adapt to a new form of currency, today, most people have heard of the term “bitcoin” in the past.

Over the years, many developers and even business owners have started to take an interest in
cryptocurrency, along with the technology it runs on - called a blockchain. Bitcoin isn’t the only
cryptocurrency anymore. In fact, as of 2021, it is estimated that there are more than 6,000
different cryptocurrencies in existence. A majority of these run on an existing blockchain, with
the decentralized technology created by the Ethereum network being especially popular.

As the crypto market gains traction, we are seeing new developments and unique ways that
people are engaging this industry - often with an aim to gain profit in the process. This is where
NFTs, also known as non-fungible tokens, come into the picture. There are a few theories in
terms of where NFTs came from, but most people agree that Colored Coins formed a basis for
what we now call non-fungible tokens.

Within just the first three months of 2021, more than $2 billion worth of NFTs were sold. This
was a significant increase compared to the last quarter of 2020, and the figures for NFTs
continue to rise - showing potential as an investment opportunity for traders, collectors, and
even artists alike.

Even though NFTs have become popular, many people do not truly understand what they are
and how they work. The idea of owning a digital property is still somewhat new to many people,
which can make the process of profiting from these tokens confusing.

In this book, you’ll be able to discover exactly what NFTs are, along with a large number of
details to help you gain more knowledge on this industry. We’ll also be taking a closer look at
how NFT flipping works and what steps are needed to profit with this type of strategy. You will
also discover other means of using NFTs as an opportunity to turn a profit, including minting and
creating your own.
What Are NFTs And How Did They Come To Be?
NFT is a term that stands for “non-fungible tokens.” It is a term that has become quite popular
within the cryptocurrency and even financial markets - but what is an NFT, and how did it come
into existence? Before we dive deeper into profiting strategies for these tokens, we should first
take a closer look at what these digital properties really are.

Many experts believe that the idea behind NFTs we know today came from a Bitcoin system
that was called Colored Coins. These “coins” actually represented assets in the real world, but
in a digital space that allowed the coins to be stored on a blockchain. There were multiple usage
examples for colored coins, and the coins could be representatives of both services or products
delivered in a real-world situation.

When looking at NFTs, however, things are a bit different. Instead of representing a physical
property, such as a product offered by a shop, an NFT is rather attached to a digitized item.
These are sometimes referred to as “collectibles,” although in recent times, we have seen
alternative types of NFTs surface too.

Kevin McCoy was the very first individual to create an NFT. He announced the NFT on the 3rd
of May, 2014. The NFT was called Quantum and was minted prior to the explosion of the
non-fungible token art industry.

The token was simple. It represented a GIF of an image that continued changing - in both shape
and color. This is also where the association between NFTs and artwork might have come into
play. Today, when looking at NFTs, the majority of these digital items are presented in the form
of art - from cute animals to complex designs and paintings that are considered to be truly one
of a kind.
McCoy wasn’t the only one to jump on this opportunity, however. In the same year, a company
called “Counterparty” was launched. The company was established by Evan Wagner, Adam
Krellenstein, and Robert Dermody. Counterparty was developed to offer a financial platform that
utilized peer-to-peer transactions and technologies. The open-source structure of the platform
made it easy to use and customize according to the needs of the individual. The primary idea
behind Counterparty was to allow assets to be created and then exchanged on top of a
decentralized network. At the time, art was not the main focus of Counterparty - but rather an
opportunity for people to create their own currencies that were tradable at the time.

In 2015, Counterparty gained a partnership with a company that was developing a game. The
game was called Spells of Genesis. The team behind the game had an idea to incorporate a
type of digital currency in the game. The developers ended up calling the currency BitCrystals.
The company was also one of the very first to launch their own ICO in order to gain support
from investors and supporters.

From here, more companies and developer teams decided to partner up with Counterparty,
leading to the introduction of trading cards on the platform. This is also a time when more
people started to take notice of the opportunity to create digital artwork assets and then
monetize them through this type of technology.

With the introduction of Cryptopunks in 2017, things quickly started to shift. Prior to this time,
many of the earlier NFTs were created on ERC20. This Ethereum Token Standard was popular,
but had limitations that restricted the possibilities that could be achieved with NFTs. Developers
started to turn to the ERC721 protocol instead, which quickly became the standard for anyone
looking to create their own NFT.

Following Cryptopunks, the next “big thing” in the market was CryptoKitties, an NFT that quickly
made a name for itself throughout the entire world - and one that is often considered the NFT
that really made a name for this technology. In fact, Fox News and CNBC, along with several
other large news publications, even covered stories surrounding CryptoKitties.

With the introduction of CryptoKitties, the NFT market really started to take off. More than
120,000 people now own one of these collectible NFTs, with over 1,600 people playing every
month. This, of course, isn’t the only type of collectible that has made a name for itself on the
NFT market - and apart from those already in existence, new ones are surfacing on a regular
basis.
The Primary Characteristics Of An NFT
Now that we have taken a closer look at what NFTs are and how they came into existence, it’s
time to consider the primary characteristics that make a non-fungible token what it is. There are
several factors that come into play when looking at NFTs. As previously noted, NFTs run on
blockchain technology, a type of database system that is decentralized.

For an NFT to be considered an NFT, there are a few characteristics that it should meet. These
characteristics essentially form a type of backbone for NFTs, while also allowing these digital
properties to gain value and become an interest among investors, collectors, and digital
entrepreneurs.

Uniqueness
One of the main things that you should keep in mind when looking at what characteristics an
NFT should possess is uniqueness. When a new NFT is created, it needs to be unique. This
means it will have a unique entry on the associated blockchain too - and entry that should also
be verifiable. The uniqueness of these tokens is also what makes them so popular. Some
creators are offering multiple NFTs that have similarities, while also creating ones that are
completely unique compared to the other offerings. This does promote not only uniqueness but
also creates a sense of scarcity.

Permanent Asset
The blockchain is a decentralized database that has no central authority. In cases where a
database system is handled by a central authority, many factors stored may be temporary and
even susceptible to fraudulent behaviors. Hackers and programmers are sometimes capable of
modifying such a system, due to the central authority involved in the database. By
decentralizing the NFT, these actions are preventable while also creating a digital property or
asset that is considered permanent.

Once an NFT is created, it produces a permanent asset on the blockchain it is connected to.
This allows additional data to be stored inside the NFT. Such assets may include music, images,
and more. This is also where the collectibles come into play - by allowing pictures to be
uploaded, artists are looking at NFTs as an opportunity to create permanent, unique assets that
help to promote their work while also profiting at the same time.

No Central Authority
A major difference exists between classic “art sharing” platforms and an NFT - and one of these
comes in the form of authority. Since an NFT runs on the blockchain, the decentralization makes
the digital property permissionless. This allows for extra flexibility in terms of how the assets can
be utilized in a digital space.
Programmability
In addition to the previously mentioned characteristics, another important one is
programmability. In basic terms, an NFT is really just a piece of code that was created on top of
a blockchain platform. This means the digital asset had to be programmed to come into
existence. The programmability of NFTs also adds to their versatility. This allows creators to
develop a wide variety of NFT types, such as the ability to add code that provides royalties to
the original creator in the form of tokens. Such a strategy helps the artist responsible for the
NFT gain profits even as their non-fungible tokens are sold down the line, exchanged, and other
actions are performed with these digital assets.
How Do NFTs Work?
Non-fungible tokens were originally developed as a way to overcome some of the greatest
challenges that creators are facing on the internet today. While the initial NFTs did not have the
exact same role as we use them for today, the principles do remain similar. The problem we are
facing with the internet, particularly when looking at creators, is the fact that it is difficult to
provide proof of ownership. In a physical world, receipts and several other forms of ownership
exist. Additionally, the physical world makes it relatively easy to implement both uniqueness and
scarcity.

Take a general photograph stored as a JPG image. This image may be an original one you took
with your digital camera, but make a copy of it - and the two files are exactly the same. All data
related to these two files will remain the same, even if you decide to change the file names. The
same goes for digital artwork, vector graphics, and even music stored in formats like MP3.

This is where NFTs come into the picture. With NFTs, files or rather digital assets are created in
a different way. When the user creates an NFT, the process is generally referred to as minting.
Through this minting process, a new token is essentially created on top of an underlying
blockchain. The majority of NFTs today are made on the Ethereum blockchain, particularly due
to the versatility offered by this technology. Ethereum itself is a type of cryptocurrency. It has
similarities to other cryptocurrencies but offers an extensive, programmable blockchain that
people can utilize to build upon. Another blockchain platform that is also known for
implementing its own protocols to support NFTs would be TRON. This cryptocurrency has also
started to gain a lot of traction, and with the introduction of the TRC-721 protocol, creators now
have more options to choose from when minting their own NFTs.

Regardless of the blockchain utilized, the purpose of an NFT is to lock an asset into a token on
the decentralized network. This creates a more permanent solution for an asset to existing -
without the risk of physical damage. A decentralized network has no central system that is in
control. This means damage to a computer or hosting server will not cause problems with the
storage or existence of the NFT.

We talked about how digital files on a computer can be copied. A simple search on Google also
gives you access to millions of photos - right-click and select “Save Image As,” and you’ve
successfully copied the image. The image on your personal computer would not be an exact
copy of the one you found on Google. This brings up concerns when looking at copyright
problems affecting NFTs - but it is also where the non-fungible token yields a solution.

When browsing through an NFT platform, you will see a number of digital assets. Let’s consider
an example. If you browse the official Decentraland Marketplace, you’ll be presented with a
variety of game assets that come in the form of NFTs.
If you right-click on any of these pictures, you can save it to your computer. That creates an
exact copy of the image on your local storage device, right? Actually, this is not accurate. Even
when looking at digital art, such as those that can be found on the Foundation platform, you
won’t gain ownership or an exact copy of the actual asset when you right-click and save the
picture on your computer.
This is where the technology that drives NFTs comes into the picture. Even though it's possible
to copy that picture over, it doesn’t mean you own it. Ownership is proven by the technology that
lies underneath the NFT. This is because NFTs are created in a similar way as crypto coins or
tokens are on a blockchain network. When the asset is created, code is generated along with
the process - and this code links the NFT to the original creator. Remember, previously we
mentioned that NFTs allow for multiple assets and data types to be stored inside the coin. This
includes a collection of all transactions performed with the NFT. The entire list starts with the
owner’s unique identity, along with the data of the asset itself.

Of course, one of the main reasons why creators end up making their own NFT on a platform is
because they want to profit from the process. This means the NFT will eventually gain new
ownership. Fortunately, the programmability and specific structure of an NFT allows it to be
transferable, considering that the current owner initiates this transfer process. When the original
artist sells the NFT, then this transaction is recorded - along with an identifier that binds it to the
new owner.

Thus, while it is possible to download the picture from a website, this will not actually give you
any type of ownership for the asset. Instead, the only way to gain actual ownership is to meet
the reserve price and pay the appropriate fees to the current owner - followed by a transfer of
ownership.
How Does NFTs Gain Value?
Here’s an interesting fact - one piece of artwork based on NFTs sold for $69.3 million. The NFT
represented a collage that had a total of 5,000 pictures incorporated into it. The piece of art
measured 21,069 pixels by 21,069 pixels, making it quite large in size. A programmer based in
Singapore bought this particular NFT from the artist for a massive amount - and this is only one
example of how NFTs can gain significant value, sometimes in just a short period of time.

The question is - why are people willing to pay millions of dollars for simple pieces of artwork? In
fact, some of the collectibles and images that represent NFTs are definitely not considered true
craftsmanship. We’ve seen pixelated graphics sell for large amounts of Ethereum in recent
times. This is actually where a large part of the confusion surrounding NFTs comes in. People
fail to realize why these digital assets are actually considered valuable, especially when many of
them seem so simple.

There are specific factors that should be kept in mind when looking at NFTs and the value they
gain. The two primary elements that come into play include both scarcity and uniqueness - and
with NFTs, it is possible to bring these two elements to the table. This is something that people
have strived for during a long period of time, especially as the world is transitioning from a
physical-first to a digital-first view. NFTs provide proof of ownership, as this is the basic principle
that helps the token gain value on a blockchain network.

Since the real asset is tied to the current owner’s unique identifier, it means other people can
copy the picture or item as many times as they want, but they will never actually possess
ownership over the property. The only way to gain ownership of an NFT the person really wants
to have ownership over would be to initiate a transaction with the current owner - and this
generally includes the use of cryptocurrency as a digital payment option.

Of course, ownership is not the only factor to consider when looking at how the NFTs gain
value. Simply owning something doesn’t mean everyone wants it. This is why uniqueness is an
important element in these non-fungible tokens. Uniqueness refers to the fact that every NFT
has its own token or “place” on the blockchain. Some artists would create two pieces that look
the same, sometimes with a small variation in the design or structure - and then publish them as
two different NFTs in a collection. This helps to promote uniqueness in the artist’s collection.
Even when the artist decides to create multiple NFTs with the same piece of art, each of them
will have their own identifier on the blockchain - which every token is still unique on the
backend.

One of the most important elements that come into play in terms of value, however, is scarcity.
Take the collage we mentioned at the start of this chapter into consideration. The digital asset
was an art piece with a massive resolution, consisting of 5,000 images in total. Apart from the
fact that the creator worked very hard (and long) on the production of this digital asset, it is also
truly one-of-a-kind. The artist behind the collage did not make any duplicates of the digital asset
as an NFT. Instead, he decided to only create a single NFT that represented his piece of art -
and this is how it gained so much popularity and, of course, rose in value.

There are other elements that also affect how valuable a specific NFT becomes. Exposure is an
important factor. When an artist creates an NFT and promotes it, sometimes the digital asset
would go what people refer to as “viral.” This means thousands, often even millions, of people
take notice of the asset. People start to share the artwork on their Facebook and other social
media pages. In some cases, big publications may even start to pick the NFT up and publish
content on this particular digital property. The greater the exposure, the more interest the NFT
will start to attract overtime. As people start to become more interested in the NFT, some will
also explore opportunities to own it - and this is where the value really starts to jump up. A large
number of creators would set their NFT up for an auction, allowing multiple people to bet on it.
In this type of auction instance, there is a much greater chance of gaining significant value when
the NFT gains excessive exposure.
The Three Types Of NFT Users
Not everyone who owns an NFT decided to create or invest in it for the same reason. There are
different types of NFT users, and it is definitely a good idea to consider the differences. This will
give you a better view of where you fall within the user base in the NFT scope. In this book, we
are focusing on methods to profit from NFTs - and in this case, you will likely fall within a specific
class. Still, having a better understanding of what the different user types are can be useful in
your pursuit of a journey in the NFT industry.

The Creator
First up is the creator - and this user is pretty much self-explanatory. The creator is the person
who decided to actually create the NFT. In a large number of cases, the creator is an artist -
oftentimes a “digital artist.” You will notice that a majority of NFTs that are currently out there
come in the form of a picture. Sometimes, the NFT is represented by a GIF or a short video
instead. This is why the industry has become well-known for providing unique and rare art
pieces for people who are looking to own digital properties.

The creator does not have to be a creative artist, however. It is important to note that there is a
large variety of NFT types - and this gives more than just the digital artist an opportunity to
create their own token.

Music artists are also gaining interest in the NFT market. There are music enthusiasts, DJs, and
artists creating unique tracks or sounds - and then creating NFTs that represent these files.

Another example of a creator would be a game designer. Some companies have started to
incorporate NFTs into their games. One example would be unique items that are only obtainable
through an NFT. When someone buys the NFT, they are given access to a special code that can
be redeemed inside the game. The code then provides the owner of the NFT with the asset that
could be seen in the digital property.

These are only a few examples of creative ways that creators, artists, developers, and other
individuals are taking advantage of NFTs.

The Entrepreneur
This category can also be referred to as the investor or the trader. The reason we decided to
call it “the entrepreneur” is due to the fact that some “flippers” have created a full-time business
opportunity through the buying and selling of NFTs.

The entrepreneur primarily specializes in flipping NFTs. This means that they will carefully watch
the market and see what type of NFTs are gaining traction and value. The individual then
decided to buy in on these NFTs, and hold on to them for a certain period of time - while
continuing to keep a close eye on the market.
Once the person notices a significant spike in value for an NFT, they decide to put it up for sale.
Entrepreneurs will often also participate in auctions - by auctioning off an NFT they bought for
flipping purposes, they can usually maximize the profit potential of the property.

Essentially, an entrepreneur, investor, or flipper has a primary goal of utilizing the NFT market as
a way of profiting in the process.

The Collector
Not everything deciding to buy an NFT on a digital platform has a goal of selling it to turn a
profit. There are actually many people who are looking to support the industry or people who
truly enjoy the variety of artwork and other digital assets that are created as NFTs. These
individuals are generally considered collectors in the industry.

Collectors are also sometimes the ones who pay significant fees for NFTs. This generally
happens when a person finds a particular interest in a specific collection of NFTs. When they
have the opportunity to collect multiple NFTs that form part of the collection, they may decide to
set out in a search for the remaining items.

The collector is also one particular part of the NFT industry that can help flippers gain more
profit. When a flipper or entrepreneur has ownership of an NFT that is missing from the
collector’s collection, then they are often willing to pay high fees to have the ownership
transferred to them.
Getting Started With NFTs
We have taken a closer look at what NFTs are, how they work, and even how these digital
assets gain value. Since we are focusing on providing an understanding of methods that allow
you to profit from these assets, we also need to cover steps to take when you are looking to get
started with the tokens.

The good news is that NFTs are not as complicated as it may sound. Many people find that
once they have a basic understanding of how these tokens work, it becomes easier to make
their mark in the industry. When it comes to finding ways to profit from NFTs, however, there are
a few essential factors that you always need to keep in mind.

What You Need To Get Started

The first step to getting started with NFTs is to ensure you have all the required tools ready to
invest in these opportunities. There aren’t too many different things that you need if you are
looking to get started - but it is important to make a very important decision first. This comes in
the form of a budget. As we have mentioned previously, NFTs can sometimes reach very high
prices, but that doesn’t mean you need to spend a million dollars to get started. There are many
NFTs out there with a lower price tag. This can be a good starting point for many people.

Before you start looking at NFTs and considering your options, it’s a good idea to take a closer
look at your budget. You should decide how much money you are willing to spend when you are
starting out with your journey to profiting from non-fungible tokens.

There is no fixed amount that is right for everyone when they are looking to start out with NFTs.
If you are not sure how much to use, it may be a good idea to browse through a few NFT
marketplaces. This can give you an idea of how much NFTs cost and help you determine where
your budget will fit in.

You will also need cryptocurrency to get started. NFTs are not sold through fiat currency.
Instead, platforms that specialize in the sale of NFTs utilize the cryptocurrencies that the
blockchain is based on. For a significant number of NFTs, the assets are built on top of the
Ethereum blockchain. This means that you’ll find the cryptocurrency used for many NFTs is
Ether. To buy NFTs, you’ll need to ensure you have a wallet that contains ether. Fortunately,
there is a large variety of wallets that you can choose from - and the majority of cryptocurrency
wallets available today do provide support for Ethereum. Do take a moment to ensure the wallet
you choose is compatible with platforms that provide you access to an NFT marketplace. One of
the most popular wallet options is MetaMask, but many people are also moving toward
alternative options like Coinbase.

While registering for a wallet account, make sure you take careful note of the security measures.
Wallets like MetaMask use a recovery phase. If you ever need to recover your wallet, then you’ll
need this phrase. Write it down or take a photo - and make sure to keep it safe. Ensure the
password you create is also secure, as this will help to prevent unauthorized access to your
account.

Another essential step to take is to ensure you are able to actually load your wallet with
cryptocurrency. Fortunately, most digital cryptocurrency wallets now allow people to easily buy
digital currencies using a credit or debit card. You can usually enter a specific amount in your
local currency. The app then shows you how much Ether (or other appropriate cryptocurrencies)
your account will be loaded with. If you are happy with the transaction details, proceed with the
checkout process to ensure your wallet gets loaded.

These steps are simple yet essential to perform if you wish to use NFTs for profitable
opportunities. Once you have completed these steps, you can start to move on to the next
sections.

When looking at what you need to get started with NFTs, it is obvious that you’ll also need a
device capable of using crypto wallets, as well as the applications that make up the NFT space.
Fortunately, this does not necessarily mean you have to buy, sell, and monitor your investments
from a computer all the time. Many companies have developed mobile apps that make it easy to
take your profile with you wherever you go. You’ll just need to ensure you have an active and
stable internet connection when accessing your wallet or NFT portfolio.

What To Look For In An NFT

Once you have the tools and hardware needed to get started, it’s important to avoid jumping into
random investments too quickly. You might feel tempted to jump on this gold mine by buying the
first NFT that pops up when you take a look at the offers that are available. Instead, give
yourself an opportunity to learn more about NFTs. When you understand the specific elements
you should look for when investing in NFTs; you’ll be able to reap a greater amount of benefits
in the process. In this section, we will take a closer look at the specific elements that you can
use as criteria to help you find the right NFTs for your investment profile - with a particular focus
on helping you find the digital assets that will make the flipping process worth it.

NFT Cryptocurrency

A good starting point for the process would be to determine the coins or cryptocurrency you
prefer to deal with. Some people do have a preference for specific cryptocurrencies, but it is
also important to note that not all blockchain networks provide support for the tokens used to
create NFTs. Currently, Ethereum remains the most popular player in the NFT market. In fact, a
majority of the NFTs that are currently available are built on the Ethereum blockchain. Due to
the popularity of Ethereum, it is generally very easy to buy Ether and use it as a way of
obtaining NFTs.
While Ethereum is the most popular cryptocurrency used for NFTs, there are many new
emerging options that are of interest among crypto and NFT experts as well. The TRON network
recently announced a new token that provides support for NFTs on their blockchain. Another
emerging cryptocurrency system that supports minting and trading of NFTs is Polygon, also
known as MATIC-USD. It is important to note, however, that Polygon actually runs on the
Ethereum blockchain but serves as a second-layer technology that is highly scalable.

Even though still at a very early phase, another important system that we should keep in mind is
Binance. Binance USD, or BNB-USD, is considered a stable coin that has gained a lot of
support. In fact, the New Yo’rk State Department of Financial Services is involved in the
regulation of the coin, which adds to its overall security and stability. Trading and creating NFTs
are still relatively new activities in the Binance network, and particularly on the BNB-USD
blockchain, but they have already started to show a lot of potentials.

NFT Creator / Artist / Developer

The cryptocurrency used to transact with an NFT is not the only factor that you need to take into
consideration. It is important to look at who the creator of the NFT is. Remember that NFTs do
not have a lot of restrictions in terms of who can create these digital assets. This means anyone
can really create something, set up a minting process, and create an NFT that resembles the
“thing” they created. This could be a piece of art, a music track, or even in-game content that
you can redeem later on.

When a creator becomes more acknowledged and gains popularity within the NFT industry, the
prices for the NFTs they create generally experience a surge too. This is why you can use the
creator as an indication of what the true value of an NFT may be. Take note that the creator
does not necessarily have to display a record as an NFT artist. Sometimes, well-known names
throughout the world come to the NFT industry. When this happens, the NFT will likely do well,
as people already recognize the name - and there will be a lot of competition to gain access to
the digital assets.

An excellent example comes from Disney - a company we all know and love. While Disney has
been specializing in movies and even games for many years, along with their theme parks, the
company now seems to show an interest in the digital world too. Disney recently announced
that they would be launching their own series of NFTs. The entire process will start with only a
selection of two NFTs. One NFT will represent Elsa, a character from the popular Frozen movie.
The other NFT will showcase a picture of Iron Man, the main character from the movie with the
same name. The company also announced plans to bring additional NFTs to the market, such
as ones representing Wall-E and C-3PO.

Another example comes from Jack Dorsey, the CEO of the social media giant Twitter. Early in
2021, Jack decided to put his signature up as an NFT. He sold his signature through an NFT
platform for more than $2.9 million. The value of this NFT is increasing, which will likely bring
significant profits to the current holder.
With these examples in mind, note that just because a creator behind an NFT is lesser-known
does not necessarily mean the digital assets hold no value. Many of the NFTs that have gained
significant value in the recent past were created by new names in the market - so be sure to
explore all of your options.

Before deciding to invest in an NFT, take a look at the creator profile. This will give you an idea
of the NFTs the person has created in the past - and also allow you to identify creators that have
more value associated with their assets. If you are aiming to support newcomers to the NFT
industry, limit your investment amount. This way, you’ll reduce the risks you take on - especially
if the creator does not make an impact. Even with a small investment, it is sometimes possible
to gain significant growth in your investment when a “newbie” makes its mark.

Asset Type
The main type of digital asset associated with NFTs is, without a doubt, artwork. In fact, the
artwork is what really made the NFT industry take off - and even today, we can see that a
significant number of these assets are associated with pieces of art. This can be in the form of
photographs, as well as drawings and paintings. Some people also use their 3D modeling skills
as a way of creating unique-looking NFTs.

While art is popular, you should not overlook opportunities that lie in other types of digital assets
that are sold as NFTs. Be sure to consider all of the options that are available - this includes
utilities, audio-based NFTs, game-related assets, and more. This way, you won’t restrict the
opportunities you find to only a specific type of digital asset - suddenly opening up more doors
and options to choose from.

Current Trends
While it is important to take several aspects of a specific NFT into consideration, you also need
to look at the current market trends. By analyzing trends that currently exist in the NFT space,
you’ll be able to determine what kind of assets are gaining the most traction right now. In turn,
this helps you pin your selection down to a more concentrated list of NFTs - an effective strategy
for finding the more profitable entries on the market.

There are several strategies that you can use to analyze the trends that are currently rising in
the NFT market. One particularly effective strategy is to utilize the “featured” and “hot” lists that
are usually presented on NFT marketplaces. These lists generally give you an idea of the NFTs
that are currently rising in value while also featuring top creators that you can explore.

Best Ways To Find Hot NFT Projects

When you are still new to the NFT market, things can feel very confusing. Sales in this industry
are consistently rising. Between the second and third quarters of 2021, an 800% increase in
sales within the NFT industry was recorded. This brought sales for NFTs up to a record-breaking
$10.7 billion within the third quarter. These figures will continue to rise in the future - but profiting
from these projects is not as simple as choosing a random NFT to buy.

To profit from NFT, you need to take the factors we previously discussed into consideration.
Additionally, it is also important to understand what methods you can use as a way of identifying
NFTs that can turn into profit. It is always useful to take a closer look at current news events that
are related to NFTs. This will give you a good idea on the current types of NFTs that are thriving
- as these are usually the ones that are considered to be newsworthy. In addition to helping you
find hot projects, news-related content surrounding NFTs can often also contain very useful
information, along with case studies, to help you gain more knowledge in this industry.

Apart from using news publications as a way to gain more insight, make sure you take
advantage of NFT marketplaces too. OpenSea is currently considered a particularly popular
place to find, buy, create, and sell NFTs.

The homepage already gives you a good overview of current NFTs - including the trending or
“hot” projects. You’ll find that the platform is very easy to explore - allowing you to easily find
what you are looking for.

If you scroll down a bit, you’ll see a section called “Top collections”. Here, you can adjust the
period to show the best performing collections over certain periods of time - such as seven
days, the past 24 hours, or rather for the entire month. Take a closer look at the list you see in
this section - it will definitely be useful when trying to find hot projects to invest in.
Use this as a guide to help you identify not only collections that are performing well, but also
creators. As we can see in the screenshot above, there are a few creators that have been
experiencing a decline in sales and interest within the past seven days. Do not, however, solely
base your judgment on the seven-day figures. Move over to a one-month time period, and you’ll
see the top-performing collection in this screenshot is number one for a reason. In the past
month, it experienced a significant gain.

This does not necessarily mean you should jump to the top-ranking collection and buy an NFT
immediately. Instead, use this as guidance. Keep the listings you see here in mind. Take a
closer look at the collection itself, as well as the creator behind the NFT.

You should also take a moment to consider the currently trending NFTs - which can be found
directly underneath the top collections part. Here, you’ll be able to choose from a variety of
different categories and see NFTs that are currently rising in terms of both popularity and value.

When looking to profit from NFTs, many people take the current hot projects into consideration
and look at the type of NFTs that are trending at the moment. They will then turn to NFTs that
are not necessarily on the top 10 list but still meet the criteria they identified earlier on. This way,
they can invest a smaller amount and still create a profitable opportunity for themselves. With
this strategy, beginners are also able to reduce the risks they take while investing in NFTs, with
the goal of flipping their digital assets at a later date.

Another important factor to consider is that OpenSea is not the only marketplace for NFT
creators, buyers, and collectors. There are other options that you should also explore - including
rarible. The rarible platform is actually particularly useful for people who are looking to make
bigger investments. This platform focuses solely on helping you identify some of the rarer NFTs
that are currently in existence. Since rarity is an incredibly valuable element in the industry, it
also means that prices for these collections and NFTs will be much higher compared to regular
NFT marketplaces.

Even if you are looking to start out smaller, you can still use a platform like Rarible to find ideas
for potential investment options. Take a look at the Top collections and Hot bids sections. These
tell you more about the type of assets that are currently considered rare and most valuable -
which you can use as criteria when searching for ideal NFTs to buy while browsing other
platforms that are currently offering these digital assets.

While these are all helpful platforms to utilize when searching for hot projects in the NFT space,
do not limit yourself to these alone. There are other platforms that can also be helpful - and this
includes social media. People are constantly posting on Twitter, Instagram, and other social
media networks about NFTs. Take a look at popular tags, then see what people are posting.
Make sure you take note of the likes, shares, comments, and other elements that affect the
popularity of each post you see.

This can also be useful when you are looking for a way to identify new and rising NFT projects
to consider as an investment opportunity. By taking a look at the comments, you’ll also have the
opportunity to find out what people think or say about specific projects. This information can
often come in handy when trying to determine whether a specific NFT is expected to rise or fall
in the near future.

How To Buy NFTs

Buying NFTs is actually a process that has become simpler than ever before - and it is easier
than most people think. Millions of people are already using cryptocurrency wallets. Even if you
have just downloaded one to explore the market in the past, this already gave you some insight
into the market. As we have already explained, a cryptocurrency wallet is the first step - along
with some crypto coins that you will use as a virtual currency to buy the NFT.

Apart from this, it is also important to understand that there are two ways to buy NFTs. When
you visit a marketplace that promotes NFTs, you will be able to choose between “Buy Now” and
“Auction” NFTs.

As the names imply, a buy now option is an NFT that has a fixed price, as specified by the
creator. Some creators do set a specific price that they expect the buyer to pay. This can
sometimes be a beneficial factor, as there are no additional bids that can drive up the buy price
for the NFT - allowing you to know exactly how much you’ll pay beforehand.

Auctions are also relatively popular. With auctions, the creator puts the NFT they created up for
sale. Sometimes, the NFT is placed on an auction by a holder who previously bought it from the
creator. People can then bid against the NFT, which causes the value to rise over time. The
current owner of the NFT usually has the ability to set a specific duration of time for the auction.
When the timer for the auction ends, then the highest bid will win. If you have the highest bid, it
means you will need to pay the amount you entered in the auction in order to gain ownership
over the NFT.

Since many of these NFTs are sold on a digital marketplace, it means you’ll usually have no
need to be concerned about security measures. Some of these marketplaces, such as
OpenSea, will create the NFT for the artist or creator. The NFT is then automatically transferred
to the new owner’s wallet upon successful purchase. This, however, is not always the case.
Always take a closer look at the regulations presented by a platform. Make sure there are
security protocols in place to help secure your funds and avoid scams.

To actually buy the NFT, you will need to have your wallet connected to the marketplace. Make
sure you do some research on the different wallets that are available. You also need to note that
not all cryptocurrency wallets provide support for the token format used by NFTs. These digital
assets use the ERC-721 token standard. The wallet you choose should also be compatible with
this type of token. MetaWallet is currently considered one of the most popular options for people
who are looking to store their ERC-721 tokens, but there are other options available as well.

Before placing a bid on an auction or deciding to buy an NFT, be sure to load your wallet with
funds. The funds should also be converted into the appropriate cryptocurrency that will be used
to make the transaction. For example, if you decide to utilize a platform that sells NFTs that are
built on the Ethereum network, you’ll need to load Ether in your wallet. Since you connect your
wallet to the marketplace, it does make the process of paying for the NFT and securing your
ownership much easier and more efficient.

Once you have secured purchase for an NFT, the process is pretty much straightforward - but
the specific steps involved do depend on the marketplace or platform you use. In most cases,
the marketplace will ask you to authorize the transaction on your connected wallet. The
appropriate amount of cryptocurrency is then transferred from your wallet, whereafter the NFT
will be sent to your wallet. The NFT will now remain present inside your wallet - once it appears
in the connected wallet, it means you have officially gained ownership of the digital asset.

How To Sell NFTs

Now that you have a better understanding of how the purchase works when purchasing NFTs, it
is also important to look at the procedure involved with selling. When it comes to profiting from
NFTs, the primary idea is generally to buy low and then sell at a higher price point. This is why
you need to understand how the selling process works.

First of all, to sell an NFT that you have previously purchased, you need to ensure it is currently
held in your own wallet. When signing into your wallet, you may need to navigate to the NFT
section as the main dashboard sometimes only displays your primary cryptocurrency assets,
such as Ether.

You do need to consider whether you want to set a fixed price for the NFT, or rather put it up for
auction. It is generally not advisable to buy the asset and immediately sell it. Rather hold on to it
for a while until you notice an opportunity where it may gain in value. At this time, you should
also do some research to choose an appropriate platform to utilize. There are a few platforms
that you can use to sell the NFT - OpenSea, once again, is a particularly popular option that you
can consider. If you have previously created an account on the platform, then the process
should also be much easier.

Start by considering which NFT you wish to sell. You also need to determine how much you
expect to gain from the sale. Always consider the purchase price at this point. The sale price of
the NFT should be higher than the price you paid when you initially bought the NFT - in the
opposite scenario; you will end up taking a loss. By holding on to the NFT for a while, you can
carefully watch the market and set up your sale at just the right time - thus maximizing the
profits you can gain from the sale.

NFTs are generally part of a collection. With this in mind, you may need to set up a new
collection on your preferred platform - then make sure your wallet is connected. The specific
steps required to initiate a sale for an NFT tend to differ somewhat from one platform to the
next. Generally, you’ll need to fill out a few details about the NFT and provide proof of
ownership. This is generally an important part if you have not created a new NFT from scratch.

To create a collection, you’ll need to have a logo and featured image ready. These platforms
also usually require a banner. Make sure you fill out all of the fields - the more data you provide,
the more complete your profile and the details surrounding the NFT collection will be.

At this point, it is also important to note that in certain cases, the NFT you bought remains part
of an existing collection - and the creator may charge royalty fees for transactions made with the
digital asset. Always take note of how the NFT works and the specific rules enforced by the
creator. This way, you’ll be more acknowledged and have a better understanding of what you
should expect when you aim to sell the asset for a profit.

When setting up the sale for the actual NFT you own, you’ll need to specify the type of sale you
prefer. If you would like to receive a fixed fee, then choose a flat sale. On the other hand, if you
want to see how much the NFT can rise in value, choosing an auction can also be a good
option.
Using NFTs As An Opportunity To Turn A Profit
By now, you should understand that the NFT market does hold potential. We shared some
profitable examples of NFTs being sold for millions. At this time, you may feel interested in
turning a profit yourself with NFTs - but you may not understand exactly where you should start.

Getting started with NFTs as an opportunity to earn extra money requires a thorough
understanding of the market, as well as several elements that are involved in the industry. Since
we have already shared some vital data regarding NFTs, you should have a good foundation to
work on. In this chapter, we will expand a bit on the methods that can be used to profit from an
NFT. We do focus particularly on the use of flipping, which is currently considered an excellent
opportunity for people who are not looking to create their own NFTs, but rather profit from those
digital assets that are already in existence.

How Valuable Are NFTs?

A few years ago, people didn’t even think that it would be possible to charge millions for
something as simple as a pixelated drawing. Truth be told, there are many NFTs that are
exceptionally simple - yet they are selling for a lot of money. While the idea may seem
far-fetched, we are seeing this type of motion consistently today. The idea has become a reality
- and for people who are looking to earn from an investment, this is excellent news.

Now, with this in mind, it is important to understand the driving factors behind the value of an
NFT. In a previous chapter, we explained how the CEO of Twitter sold an NFT with his signature
for millions of dollars. If you refer back to the beginning of the guide - this is where the
characteristics of an NFT come into play.

What made the signature of one person sell for millions? There are actually a lot of different
elements. First of all, Twitter’s CEO decided to only create a single NFT with his signature. This
marked two checkboxes on the list of criteria already - uniqueness and rarity. By only creating a
single NFT, it means ownership of the digital asset is extremely rare. Only one person in the
world is able to own the signature at a time - and it is also unique. No other signature has the
exact same design like this one.

Of course, in this particular scenario, the name behind the NFT definitely contributed to its high
selling price - but that doesn’t mean a person not as well known can’t produce a highly valuable
NFT. As in this example, two of the most important drivers behind the value of an NFT is its
uniqueness, as well as its rarity. When these two elements are met by the NFT, then it already
serves as proof that it can become a valuable digital asset.

Is It Possible To Profit From NFT Flipping

We have considered the elements that make an NFT profitable. For creators, NFTs can be an
excellent way to monetize their artwork, music tracks, 3D models, and several other digital
assets. In addition to providing the creator an opportunity to monetize and sell artwork in the
form of an NFT, it is also possible to claim royalties for these assets. This means that the
original creator of the NFT will continue to gain profit even after they sell the asset. When
someone buys the asset and then sells it, part of the profit gained will go toward the original
creator.

Of course, making your own NFT can be a time-consuming task. It can also be confusing and
requires specific skills. If your goal is simply to profit from existing NFTs, then enter the world of
flipping. NFT flipping has become a very popular option for modern-day investors - especially
those that find themselves interested in the cryptocurrency world.

In short, yes, it is definitely possible to profit from NFT flipping. Still, there are risks involved.
With this in mind, while the market is profitable when it comes to flipping, you still need to do
extensive research and make careful decisions when investing in an NFT. The goal is to ensure
the NFTs you end up buying will gain in value, instead of experiencing a decline.

What Does It Mean To “Flip” NFTs

Flipping or to flip - these are not new terms or activities in the modern-day. People have been
using these methods to gain a profit for a significant period of time. The entire concept behind
flipping really started in the physical world. There are many examples, with house flipping being
particularly common. An investor would decide to flip houses. This starts with the process of
buying a house. The investor would often look for houses that can be picked up for a low price.
Perhaps some work is needed on the house. By investing in some renovations, the value of the
house can be significantly increased. When the investor later decides to sell the house, they
often turn a massive profit if they did proper research beforehand.

Another common example includes buying secondhand items, repairing or renovating them, and
then selling them again. A person may consider visiting a second-hand antique store. They pick
up a number of furniture pieces at a low price. The person then spends some time repainting
the furniture and making it look new again - and then sells it at a profit.

In the NFT industry, the flipping process actually works very similarly - but there is one tedious
step that you can skip. With NFT flipping, the process starts by identifying the right NFTs to buy.
These need to be digital assets that have the potential to become more valuable in time. Once
you buy the NFT, you simply hold onto it until it gains value - and then decide to sell it. When the
sale price is higher than the buy price, you profit from the transaction. Unlike scenarios in the
real world that may require some renovation or remodeling before selling, these NFTs can be
sold as is - the same way they were the moment you gained ownership of the asset.

By low and sell high is the strategy that most people use. At a beginner stage, you’ll likely start
out slow - perhaps with only a few NFTs in your portfolio. Your budget for investing may also be
a bit limited. Over time, however, proper research and the right decisions can help you diversify
your portfolio. Profits made through your flipping journey then help you buy a larger collection of
NFTs, increasing your opportunity to earn profits from flipping these digital assets.

Getting Started With NFT Flipping

You’ve found an interest in NFT flipping and feel ready to get started - but as you set out on this
journey, you find yourself unsure about where to start. The entire landscape can be confusing,
especially for someone with no to little experience in the field. This is why we’ve decided to
compile a step-by-step guide.

With just five steps included, this guide will help you get an understanding of how NFT flipping
really works - by taking you through every part of the process.

In order to completely follow this step-by-step guide, we do recommend you take some time to
look over the requirements for buying and investing in NFTs first. In a previous chapter, we
provided an overview of everything you need to take advantage of the market. When you fail to
meet some of the criteria, you may find yourself with a need to go back before you can complete
all of these steps.

Just the recap, make sure you have access to a mobile device or computer, along with an active
internet connection. You’ll also need to have a cryptocurrency wallet with some added tokens. A
good idea is to use a wallet that provides support for different token types. This way, you’ll have
more freedom to explore NFTs that are created on multiple blockchains - which essentially helps
you maximize the opportunities you will be exposed to. The wallet should also provide support
for the ERC tokens utilized in the creation of NFTs. Load the wallet with some initial funds. If you
are still very new and feel unsure about the specific blockchain you’ll use, it’s a good idea to opt
for Ether when buying cryptocurrency. You can, of course, exchange the Ether for a different
type of cryptocurrency later on if needed.

Step 1: Identify NFTs With The Greatest Potential

The last thing you want to do, regardless of experience, is rush into an investment when it
comes to NFTs. There are already a lot of different NFTs and collections available. While some
of these are able to do great and gain value in a very short period of time, this does not happen
for every NFT that exists.

This is why the first step is to determine the NFTs that currently offer the most potential as an
option for flipping. Remember that you are not a collector, as the criteria in such a case would
be different. Instead, you want to focus on finding NFTs that have the potential to turn a profit
over a certain period of time. Many people prefer short-term gains when they decide to initiate
an NFT flipping strategy, but there are also some that hold onto the digital assets for longer.
This can also be the most challenging part of the process. Research is a key element in helping
you find the NFTs that are profitable. While this can be somewhat of a tedious task, it does play
an essential role in ensuring the NFTs you decide on won’t result in a loss.

Your research should consist of multiple platforms ideally. While it may be tempting to simply
jump on the top list on an NFT marketplace and buy one of the assets that pop up, this can be
very costly - and does not guarantee you will gain a profit anytime soon. Instead, look at more
than just the top collections or the hottest drops of the day - you want to focus on finding NFTs
that show potential in growing within the near future. Even in the long run, the NFTs you decide
to invest in should still be able to uphold their value.

One thing to take into consideration here is the fact that some of the biggest profits made with
NFT flipping accounts for people who got into a new NFT project early on. If you are able to
recognize the potential of an NFT in its early stages, then you gain a chance to achieve a more
significant amount of profit if the asset takes off and gains significant popularity in the upcoming
years, or sometimes even months.

Let’s take Larva Labs as an example. When the company only started out, they only had a few
NFTs that were promoted as “CryptoPunks.” At the time, they weren’t as popular. In just a short
while, however, Larva Labs became known as the guys behind CryptoPunks - and today, these
NFTs are selling for over $200,000 each. The company has been able to grow significantly in a
very short time - and now even works closely with giants like Google on multiple projects.
Dapper Labs is another excellent example, which is the company behind the CryptoKitties
collectible series.

What’s the point here? Everyone who got in early with these two companies was able to
experience substantial growth in their investment. The NFTs sold for low amounts at first, but as
the projects became more popular, the prices quickly started to rise - and today, those “early
birds” are able to turn a huge profit when they decide to sell their CryptoPunks or CryptoKitties.

Another tip that is also very useful - avoid considering your investment as a way of purchasing
art. Instead, think of the entire process as investing in a backstory. The early projects that get so
much traction usually have a story behind them. Perhaps the creators share something of value
with the audience - this could be anything from their journey toward success to something more
heartfelt. In the past few years, these are NFTs that have been doing exceptionally well. If you
can find an NFT collection with a good story behind it. Take the purpose into consideration. All
of these details will help you gain a better understanding of why the collection was made, who
the creators are, and what the NFTs could mean in this emerging market.

All of these tips need to be utilized in combination with each other. Take every detail into
consideration. Try to find projects that will allow you to get on early - but still ensure the purpose,
story, and other factors that are behind the NFT shows potential in the industry. Take advantage
of all the tools that are available to your disposal - and do not only look at the biggest NFTs that
are currently ranking, but also consider those that are still rising. Sometimes, the “gold mines”
are not clearly visible on the homepage - but missing out on them now would lead to regret later
on.

With this said, be cautious about making decisions too quickly and without the right amount of
information. Make sure you have all of your facts before you decide whether or not an NFT is
worth investing in. If you are too hasty, you might end up buying an NFT that won’t gain value in
the future. This, in turn, would result in a loss - or cause you to sit with digital assets in a wallet
that people are not looking to buy.

As you take a closer look at the NFTs that match the criteria, be sure to make a list. This way,
you’ll have something to reference later on as you continue with your research process. Set up
a spreadsheet with the NFTs you find noteworthy, along with their links and any additional
information you can find. This gives you an easier way to compare multiple NFTs to each other
and find the ones that seem to possess the most potential.

Step 2: Determine Scarcity In The NFT

Uniqueness is one of the first factors that are generally associated with an NFT. The goal is to
create digital assets that are unique - and this drives the value. Many creators, however, are
launching multiple NFTs in a collection - with these assets having similar features.

While these NFTs may still hold value, it is important to note that there are limitations. This is
where scarcity, or rarity, comes into the picture. Even though uniqueness is an important driver
behind profit and value, the rarity of an NFT plays an even bigger role. The rarer an NFT, the
more demand there will be for the digital asset. This also means the value of the asset will
continue to increase.

With this in mind, when you are looking to buy an NFT, consider whether scarcity would be a
factor in its design. Take a look at all of the other NFTs that the creator has made. This will give
you an opportunity to determine whether they create multiple NFTs that have the same
properties. In this case, the value of each NFT may not increase too much - since there is no
driver behind scarcity in the assets. Instead, consider looking for creators that ensure each of
the NFTs they set up for sale has unique properties. This should be done in such a way that the
NFT you decide to buy becomes a rare find - since there is no other one like it.

There are certain platforms that focus specifically on the sale and display of rarer NFTs. Rarible
is a good example of such a platform. All of the digital assets you can find on this platform are
100% unique and considered rare options in the NFT market. This means these NFTs are
generally expected to gain a further increase in value as time goes by - given that there is an
appropriate demand for the creator, the collection, and the specific type of NFT you are looking
at.
Step 3: Research And Predictions
We’ve said it before - research is your most valuable asset when it comes to finding NFTs to
invest in. Without research, you’ll find yourself investing in NFTs that may not hold much value
for the future - and in this case, you end up with digital assets that cause you to lose the money
you decided to invest.

There really is no specific way to go about doing research. Instead, you need to take advantage
of all the resources that are available to help with the research phase of the process. By now,
you should have a list of potential NFTs that you have found in your search. In the previous
step, we also discussed the important role that scarcity plays - so this already helps you narrow
down the list. Now, it is time to take a closer look at how you should go about doing research on
the NFTs that still remain active entries on your list.

Even if the list is narrowed down significantly, you should do research on each of the NFTs that’s
still on the list. This way, you’ll be able to identify multiple opportunities - and make more
informed decisions when you decide on which NFTs are worth the investment.

Start by looking at the creator behind the NFT. Do some research to find out more about who is
behind the NFT. Sometimes, this would bring you to a brand that has decided to create its own
NFTs. In other cases, an individual would be the person behind the digital assets. Try to learn as
much as possible about the creator, as this gives you an idea of how “trustworthy” they are.
When looking at the NFT or collection page, you’ll often be presented with social media links
and, in some cases, also links to their website. These are great starting points to help you learn
more about the creator.

Be sure to take more than just these links into consideration. See if the creator has released any
NFTs on the platform in the past. If the creator already has a portfolio of NFTs, then you can
take a closer look at the performance of previous ones they published. This way, you’ll be able
to notice patterns - which allows you to determine whether the creator’s NFTs hold any
significant value. If past NFTs from this person or brand performed really well, then there is a
good chance that a specific asset you are looking at may have a similar performance. While this
is not guaranteed, it does give you some level of assurance. If the person has several NFTs with
a weak performance, then it might be a good idea to look at a few of your other options.

Take a look at all of the NFTs that are currently on sale by the individual too. See how much
they are selling for - not only the ones that the person is selling themselves but also assets that
others have bought with the goal of flipping for a profit. You’ll be able to determine whether the
assets sold by this creator are gaining value and helping other people turn a profit when they
decide to sell them.

You need to utilize as many tools and resources as you can to determine the potential that a
specific NFT has. This will help you make more accurate predictions when you are looking to
find the right NFTs to invest in. Narrow your list down until you only have NFTs that show true
potential in this emerging market - this way, you’ll be able to increase your chances of success;
which also means giving yourself a greater opportunity to profit.

Step 4: Investing In The NFT

You should now have a more limited list of NFTs on hand - especially if you carefully followed
the previous steps we talked about. This is the ideal way to find profitable opportunities when
looking at NFTs. At this time, you should be ready to start investing in these digital assets.

We discussed the requirements and a few steps you need to take to prepare yourself before. If
you have completed those and you are properly prepared, then this particular step should be
relatively simple. This step consists of actually investing in the NFT.

Some people will choose to only invest in a single NFT when they start out, while others may
want to consider diversifying their portfolios. It is generally a good idea to consider investing in
multiple NFTs - even if it is just two or three. This way, you can often limit your losses should
one of the NFTs decline in value or fail to experience an increase in its value. When the other
NFTs take off, then you’ll be able to make up for any losses you suffered previously.

Make a list of the NFTs that you will be investing in - then start at the top of the list. You’ll need
to follow the steps to buy the NFT for every asset you are looking to invest in.

Start by navigating to the NFT’s page. This page will usually be located on a specific NFT
marketplace you decided to utilize. At this point, you should be signed in and your wallet needs
to be connected to the marketplace. If you have not taken these steps, then it is possible to
make a quick connection - when you proceed with the purchase, you’ll be asked to connect your
wallet.

To buy the NFT, you will need to ensure it has a buy-now offer. Some NFTs are rather provided
as an auction. In this case, you’ll be given an opportunity to place a bid on the NFT - but you’ll
only be given the opportunity to buy the digital asset if you have the highest bid when the
auction closes.
If the NFT is being sold through an auction, you will be presented with the current highest offer.
In order to place a bid, your offer needs to be higher than the current winner. Click on the “Make
Offer” button and enter the amount you wish to put down as a bid.

It is important to note that the auction process may slightly differ from one marketplace to the
next. Fortunately, most of them will provide you with the current highest offer and help you make
an offer on the auction with ease.

Take note of the time that is left for the auction. The longer period that is left, the higher the
chance that the current offer amount will continue to increase. Choose small increments when
adding your bid, as this helps to limit the rate at which the price for the NFT would increase in
the remaining time.

As a beginner, you may find it easier to opt for NFTs that you can buy without having to
participate in an auction.
When you land on an NFT’s page that has a Buy Now listing, you will have two options to
choose from. You can choose to buy the NFT for the price it was listed for. This is a relatively
straightforward process - you’ll simply click on the “Buy Now” button to proceed. If you feel that
the price is too high and would rather like to negotiate with the creator of the NFT, however, then
you can choose the “Make Offer” button. This button allows you to send a custom offer to the
creator or current holder. The current owner of the token will then be able to see the offer and
respond to it - they can either accept or reject the offer you have made. In some cases, a
negotiation can be started this way - allowing you and the current NFT owner to communicate
with each other. This way, you can come to an agreement for a price that fits both of you.

When you decide to buy the NFT, you will be taken to a digital checkout page - where you need
to authorize the marketplace to charge the connected wallet. Note that with marketplaces that
use manual operations, you may need to manually transfer the Ether (or other cryptocurrencies
as agreed on) to either the platform’s wallet address or directly to the seller.

Safety tip: The NFT market may still be relatively new, but there are already scams. Be careful
when someone asks you to transfer cryptocurrency directly to their wallet for the purchase of an
NFT. For an added layer of security, consider using a marketplace that serves as an agent
between you, the buyer, and the current owner of the digital asset.

Step 5: Waiting It Out And Flipping The NFT

When it comes to flipping NFTs, there’s no point in buying and then selling the asset
immediately. Rather consider this a longer-term investment, as you need to wait things out a bit.
When listing an NFT for sale right after buying it, chances are, its value will remain very similar
to what you paid. Since the goal here is to profit from the transaction, you need to ensure the
point at which you decide to sell the NFT will yield a higher amount compared to what you paid.

Now, with this said, it does not necessarily mean you’ll have to hold onto an NFT for several
years. Some people are able to turn a profit by simply holding on to an NFT for a couple of
weeks. It all depends on what happens after you become the owner of a specific asset.

Patience and consistent monitoring become your two most valuable assets at this point. You
need to have enough patience to wait it out. If you act too quickly, you could miss out on a great
opportunity that would have come in the future. Still, waiting for too long could also cause you to
miss out on an opportunity when a collection had a surge in its interest and demands.

While waiting it out, you’ll need to frequently monitor the market. This means taking a look at a
number of factors to help you understand how much your new NFT may sell for at the time.

Take a look at the market and the current trends that show up on platforms like OpenSea and
Rarible. This will give you an idea of the NFT types that are currently popular at the time. You’ll
then be able to determine whether your NFT may fit the current trends. Make sure you take the
collection that the NFT is part of into account as well. When the collection starts to make waves
within the industry, then it means the individual NFTs that are part of it will also start to gain
value.

In the event where you notice the collection starts to take off, you’ll need to start monitoring the
market more accurately. This also means signing onto your preferred platforms and checking
the current auctions on the collection more frequently. As you notice the assets are gaining
more traction, you can consider making a listing for the NFT you previously bought.

When you decide to sell the NFT, make sure you carefully consider the listing you set up. Take
some time to write an appropriate description and make sure your wallet is connected.
Furthermore, choose between a Buy Now or an auction listing. Many people who decide to flip
NFTs tend to have better luck in terms of turning a profit when they use auctions instead of Buy
Now listings. This is because people can easily bid an amount against the asset - and as
interest increases among the community, people will consistently try to outbid the last bidder.
This also means the value of your NFT will continuously rise.

One thing to note is that you may be asked to pay a gas fee when you initiate a sale for your
NFT. This depends on the type of NFT you bought - particularly what blockchain it was created
on. In this case, the gas fee can sometimes be relatively high, depending on the current network
traffic, cryptocurrency exchange rate, and demand. Make sure you take the gas fee of the listing
into consideration when you create the listing. The profit you make from the NFT should cover
not only the initial buying price, but also the gas and service fees.
Tips For Selling Your NFT
Simply creating a listing for an NFT is often not enough to get it to sell for your expected price.
This is especially the case with people who are still new to the market. When you haven’t made
a name for yourself yet on a platform like OpenSea, then you will need to build up your profile
and get noticed before things become easier when you decide to list your NFT for sale.

There are a few ways to get people interested in your NFT when you make a listing for it. The
first comes in the form of social media. A quick browse on social media platforms will introduce
you to a lot of pages and accounts that are dedicated to NFTs and the industry surrounding
these digital assets.
Do a quick search on Facebook, for example. You’ll be presented with a long list of groups that
focus specifically on NFTs. Some of these groups have over 10,000 members - this can help
you get that initial exposure you need to really succeed in the industry.

Now, when you decide to promote the NFTs you have set up for sale on these networks, it’s
important to avoid making your posts come across as spam. Many people simply post a link to
their NFT sale on these pages or groups and expect their assets to sell. Unfortunately, the
process is not as simple as this.

If you do wish to turn to social media platforms as a way to promote your NFT sale, make sure
you work smart. This means joining the groups and making a name for yourself. It is much
easier to draw attention to an NFT sale you have up when you first allow people to start
recognizing your name. You’ll be building a sort of authority for yourself within the industry.
When people are able to recognize your name, then it means you’ve built up a reputation - and
that can go a long way.

Start your journey in these groups by introducing yourself. The truth is, people, enjoy hearing
about others’ journeys. Your Facebook profile should also ideally be as complete as possible.
Don’t try this with fake accounts, as you want to build up a name for yourself - and this will
eventually become a very valuable asset when you set up NFT sales.

When you start posting links to your NFTs, avoid only sharing the link to the sale page on the
marketplace. Instead, create some enticing copy along with the post. For best results, avoid
using the exact same message in every single group you post to. Try to edit the content of the
post a bit, which provides a unique message for each of the groups. Tell the group members a
bit about the NFT. Many people do not buy NFTs for the picture but rather for the backstory
behind the digital asset.

With networks like Twitter and Instagram, you can also decide to post pictures of the NFT. Since
Instagram does not allow you to place links in the description of your posts, include a link to
your marketplace profile in the bio of your account. This will encourage people to go to your bio
and click the link - allowing them to immediately see all of the NFTs that you are currently
selling.

What To Avoid When Flipping NFTs

As a person becomes more experienced with the process of buying and selling NFTs for profit, it
becomes simpler. You’ll eventually be able to identify the NFTs that have the most potential and
understand which ones you should rather steer clear of.

At this point, however, you find yourself still at a starter phase of the journey. This means it can
be hard to understand what exactly you should do. There are actually quite a few mistakes that
people tend to make when they decide to flip NFTs, especially at earlier phases of the journey.
With this in mind, we’ll be taking a quick look at some of the most important factors that you
should consider - with a particular focus on mistakes. When you understand common mistakes,
people make when flipping these digital assets, you’ll be able to avoid them more effectively
once you start your own NFT portfolio.

Avoid After Market NFTs

A term that is quickly becoming relatively popular in the industry is “after market NFTs.” These
are the type of NFTs that you can usually pick up for cheap. They are often made by artists who
are desperate to make a sale. Unfortunately, this means they will turn anything into an NFT
without having a good story behind it.

The problem with these NFTs is the fact that they rarely gain any value over time. Many of these
artists do not have a record in the industry that you can track. They are generally people who
are not well known on the internet or in the physical world.

Yes, there have been scenarios where after market NFTs created by unknown individuals took
off - but this is a big risk.

When investing in an NFT, you should ensure it comes from a reputable source - especially if
you are looking for more assurance. Consider artists who are exclusively creating NFTs for their
art - the ones that are trying to make an actual impact in the art and NFT worlds will usually
have some type of story behind their artwork. Similarly, many cryptocurrency companies have
decided to launch their own NFTs. Even in this case, the NFT will still have a story or purpose
that drives its creation. The NFTs created in such ways generally sell out very quickly. This
means only a few NFTs are up for grabs - and when you get in at the right time, the NFTs will
generate the two most important elements. This, of course, includes scarcity and rarity. These
are also the NFTs that quickly experience a surge in their value, allowing you to profit
significantly in the process.

Avoid Overlooking Future Plans

Many people who mint or create their own NFTs do not have many plans for the future. They
want to get an NFT out there and then profit from a sale - that’s it. Unfortunately, this limits the
potential of an NFT.

When an NFT represents something that will continue to be worked on in the future, then it will
generally have much greater potential to become something bigger.

Take a look at who the creator of the NFT is. See how they fit into the cryptocurrency community
or industry. Those creators who have plans to continue their involvement and participation in the
community are more likely to get noticed. As these creators are noticed within the community,
the value of the unique NFTs they have created in the past will also gain more recognition.
Avoid Hasty Decisions
In the NFT industry, being too hasty and failure to be patient can lead to serious consequences.
You’ve read reports of people making millions by buying and selling NFTs, sure. The thing here
is - those people generally did not buy just the first NFT that came up when they decided to visit
an online marketplace. They likely conducted a significant amount of research to facilitate their
decisions.

As a beginner in the market, you feel excited to start building your own NFT portfolio and begin
flipping these assets for a profit, sure. The problem is, making hasty decisions will lead to
disappointment. Don’t buy an NFT just because you like it. Avoid giving in to the temptation of
choosing the first NFT that comes up on a list just because you want to own one of these digital
assets as fast as possible. Instead, take your time looking at the NFTs that are available, do
research, and find creators that you can rely on as a means of profiting from NFT flipping.

Sure, you may feel a bit frustrated when you are new and want to start filling your NFT wallet -
but do research, check the trends, and carefully watch the market to determine when to make
your move.

Avoid Not Backing Up Your Security Details

People have lost access to their crypto wallets in the past - and it can sometimes be impossible
to gain back access. When you first set up an account with a wallet, it will create keys on the
local computer - and then you will be presented with a secret passphrase.

Make sure you back this phrase up. If you ever need to restore your wallet, you may need to
have these ready. The phrase serves as a type of encryption module for your wallet, which
allows you to gain back access.

Avoid Using Untrusted Wallets

In order to participate in either the buying or selling of an NFT, you need to have a compatible
wallet. There are several wallets that provide support for the token standards used when NFTs
are created. Some of these wallets are certainly better known than others. Trust is something
that you need to take as a priority within the cryptocurrency market - and this includes the
trustworthiness of your wallet.

You need to avoid opting for a wallet that may end up in scams or result in you losing access to
your digital assets. The best option at this point is to choose a wallet that already has millions of
users. The wallet should also provide you with multiple security options - this adds more
protection to your wallet, helping to prevent unauthorized access. Additionally, ease of access is
also something you should keep in mind. Ensure the wallet is capable of providing easy access
to your funds and assets when you need it - while still adding that layer of security you need.
Currently, one of the most well-known wallets is MetaMask. It’s free to set up your own wallet,
and there are multiple ways to access a wallet on this platform. MetaMask also provides
compatibility with multiple blockchain networks and can be used to store both cryptocurrency
and NFTs. Additionally, MetaMask offers a browser extension that easily integrates with
websites like OpenSea and Rarible. These are the most popular marketplaces that people use
to create, buy, and sell NFTs.

There are, of course, other wallets that are also trusted among millions of people. Coinbase has
recently started to provide support for a large number of NFTs and digital collectibles through
certain token protocols. This particular wallet has built up a bigger audience than MetaMask, so
it is a good option to consider - just note that there are some geo-restrictions in place, so the
wallet cannot be used in some countries.

How Long Should You Hold Onto An NFT?

There is no dedicated timeframe in which you will be able to profit after you decide to buy an
NFT. In fact, there is always a risk that the NFT won’t gain value. In such a scenario, you can
hold onto it for years without seeing a rise in price.

When you are trying to determine how long you should hold onto an NFT, you do need to
conduct extensive research. You’ll need to constantly watch the market as well. If you fail to
miss an important movement in the NFT and crypto markets, you may end up missing out on
the perfect opportunity to sell.

Many experts decide to invest in NFTs with the idea to profit from it as soon as possible. Take a
look at how long each NFT in a creator’s collection is being held by owners. This should give
you a good idea of how long it takes for the NFT to gain more value - and this is the timeframe
in which you’ll find it most appropriate to sell the NFT.

Some of the people who have gained significant experience in the industry are able to profit
from NFT flipping within a few days. They would be an NFT at a minimal price, hold onto it for a
couple of days, and then sell it for a profit. In other cases, people may choose to hold on to the
NFT for a longer duration of time. This can be very useful if you notice the creator has plans to
expand their presence within the cryptocurrency community. As the creator becomes more
known within the community, there is a chance that the value of their NFTs will also start to
increase. At this point, you may find that the sale of the NFT holds greater potential.

You should also keep an eye out for news publications and websites that cover media events.
Many of these publications actually cover stories related to NFTs. This can happen, for example,
in an event where the creator lands a big sale. As the news publication reports on the sale, the
artist or creator would, of course, become better known within the community. This can create a
higher demand for the NFTs created by this person or company - ultimately leading to more
people bidding on a sale.
The more people bidding on an auction you launch for an NFT, the higher the potential
becomes. While things may start out small, you may find that the NFT’s bid goes much higher
than you initially expected as you reach closer to the closing day. At this point, it’s important to
note one thing - make sure you set a reserve price if you decide to use an auction. The reserve
price should cover factors like the initial cost of the NFT, as well as the listing fee for the NFT.

With all of these factors in mind, monitoring will be your most valuable asset when trying to
determine how long you should hold onto an NFT. Make sure you carefully monitor not only the
specific NFT collection that your asset is part of, but also the creator and what they are currently
doing. The more data you can accumulate, the easier it will be to determine when the right time
to sell would be.

The Role Of Uniqueness In NFTs

We’ve covered the process of flipping NFTs and shared some serious mistakes to avoid. We
also looked at factors that actually contribute to the value of an NFT. Now, we should quickly
touch on the topic of uniqueness. While we have looked at the fact that uniqueness contributes
to value before, it’s a good idea to take a look at the topic in more depth.

Uniqueness is a term that refers to something that is generally considered “one of a kind.” In the
NFT industry, this is actually exactly what it means too. When browsing through the large variety
of NFTs, you’ll see that some creators are publishing multiple NFTs with the exact same artwork.
These may be selling for high prices, but take a look at how many owners they have had. You’ll
likely find that the only owner associated with these NFTs are the people who created them.

The problem here is the fact that the NFTs are not actually unique. Consider a scenario where
you buy one of these NFTs. The next day, you see someone else has bought one too. Yes, it is
true that the address of the two NFTs differs, but at a surface level, they do not offer anything
unique - as the exact same art was used to create both.

The idea behind driving value for NFTs is to create something that is different from everything
that other people already own. The NFT needs to be created from something unique. This does
not only include the artwork associated with the NFT or a music track. You also need to ensure
the NFT has unique elements associated with its description - there should be a story behind it
that actually makes sense. Remember, previously we shared the fact that the story that is
driving the NFT has a big role to play in ensuring it is able to gain value and return a profit.

Examples Of NFT Sales That Led To High Profits

For many people, it can be difficult to grasp the idea of selling simple pieces of artwork -
sometimes even pixel graphics - for high fees. One way to ensure you can grasp the value
behind these assets would be to take a closer look at some of the biggest profits made in the
industry. Thus, we have decided to dedicate this particular section to take a look at successful
sales - where people were able to sell an NFT they had ownership of for high fees.

The first and probably most popular example is an NFT that was called “The First 5000 Days”.
The creator of the NFT is known as Beeple, or Mike Winkelmann. The project actually started in
2007. Mike decided to start creating one new piece of digital art on a day-to-day basis since
2007. In 2021, Beeple decided to put this collection of 5000 pictures up for sale as an NFT. To
his surprise, the NFT quickly gained traction and became a widespread news article on media
sites and publications. By March 2021, Beeple sold this 5000-picture collage that took him over
a decade to complete - to a bidder that offered him $69.3 million for the NFT. To date, this is the
NFT that sold for the highest price ever since the introduction of these digital assets - for now, of
course. Christie’s Inc sold the NFT through an online auction they held. A programmer from
Singapore, known as both Vignesh Sundaresan and MetaKovan, decided to place a bid of $69.3
million on this one-of-a-kind NFT. Many people consider this sale to be the start of a revolution -
the beginning of an era where people will increasingly start to recognize the potential that these
assets offer.

This was not the only NFT that sold for a significant profit. Just a few months later, a collection
of NFTs known as CryptoPunks also yielded quite a few major sales. On the 10th of June, 2021,
CryptoPunk #7523 was sold for an astonishing $11,754,000. This sale was made from the
Natively Digital auction, held by Sotheby. The collection had more than 10,000 Cryptopunks
available at the time - but this particular one had a great story behind it, which made it stand out.

From the same collection, CryptoPunk #7804 was sold for $7,566,173.88. Similar to the
previous one, this particular CryptoPunk also formed part of the unique Alien punk line, where
only nine designs existed. This particular CryptoPunk actually has a rich history. The first sale
for the CryptoPunk NFT was recorded in 2018 at the start of the year. At this time, someone
bought the digital asset for $14,988. Just over three years after the initial sale, the current owner
of the asset was able to sell it for over $7 million. This is an excellent example of how NFT
flipping can certainly pay off - especially if you hold onto these assets for a while.

Even more of the top sales in the NFT industry comes from the collection of CryptoPunks. At a
price of $7.58 million, CryptoPunk #3100 was sold in March 2021. Four months later, a buyer
chose to purchase CryptoPUnk #5217, forming part of the Ape Punk series, for $5.45 million.
CryptoPunk #7252 was sold for $5.3 million, and #2338 was later sold for just over $4 million.

Another important example that we should cover would be Doge. If you know the cryptocurrency
industry, then you already know about the coin that is based on a dog - in particular, a Shiba Inu
dog. The cryptocurrency was originally created in 2013 but never really took off after Tesla CEO
Elon Musk endorsed it with a quick post on his social media account. This Tweet on his Twitter
account was seen in the early stages of 2021, and this quickly caused a rapid spike in the
interest shown for Doge. This also led to the development of an NFT that represented the Shiba
Inu meme that made Doge a popular addition to the cryptocurrency world - and the asset was
sold for $4 million in June 2021. The NFT was sold on the Zora platform.
Other profitable NFT sales that are also certainly worth noting at this point include:
● Crossroad was developed by the same artist as the First 5000 days, which was the NFT
that sold for the highest price in history. The Crossroad NFT was sold on a platform
known as Nifty Gateway. An anonymous buyer won the auction for the NFT, at a price of
$6.66 million.
● Yet another creation by Beeple, known as the Ocean Front, was sold for $6 million.
● On to another creator, Edward Snowden created the NFT known as Stay Free. This
digital artist is also well known as a whistleblower. He constantly provides contributions
to local communities. His Stay Free NFT sold for $5.4 in the month of April 2021.
● Noora Health is an organization that was initially founded in the year 2014. The company
focuses on providing families with high-quality healthcare services - while also ensuring
these services reach a broader population. The idea behind the Save Thousands of
Lives NFT, which was created by Noora Health, was to assist in funding the non-profit
organization - with the goal of saving more lives, just as the title suggested. The NFT
was sold in May, 2021, for a price that reached slightly over $5 million. The sale was
made on the OpenSea marketplace.

While this list is not complete in terms of big sales that were made in the NFT scope, they do
give you a great view point to see the potential of the industry. With these examples in mind, we
need to consider a few characteristics that we can see among them.

First of all, take note of the stories and purposes that have driven the value of these NFTs. Take
the NFT created by Noora Health as an example. Remember that we previously talked about
the fact that those NFTs that have a real cause and story behind them tend to gain the most
value. In this particular case, the purpose of the NFT was to raise funds to assist with providing
healthcare services to those in need. The goal was to save lives. This is the “purpose” that
drove a significant increase in the price of the NFT.

In the case of the CryptoPunks, the main factor that contributed to the rise in value was rarity.
Take a look at the CryptoPunks that sold for millions of dollars each. What do they have in
common? Among about 10,000 pixel art NFTs that are very similar to each other, these were
part of exclusive lines. This includes the Alien Punks and the Ape Punks. Each of these lines
only had a couple of NFTs - and that’s it, with no more created in the line. Thus, this created a
sense of rarity, which led to a consistent rise in value.

Withdrawing Profits From An NFT Sale

Once you have bought an NFT, waited it out, and then listed it as a sale - either through a Buy
Now offer or an auction - you may be wondering what you should do after selling it successfully.
One thing that you may notice is that the process of buying an NFT may be somewhat easier
compared to withdrawing profits you made from the flipping process. Fortunately, most
processes only require a one-time setup. Once you have configured everything, then
withdrawing profits in the future becomes much easier.
Before we take a look at how you can gain access to your profits in a fiat currency, let’s first
consider how the withdrawal and sale process works.

You post an NFT for sale, and you get a buyer. Now, the cryptocurrency is deposited into your
wallet - this particular transaction will depend on how your account is configured. In cases
where you are using a local wallet provided by an NFT marketplace, the cryptocurrency you
earned throughout the sale will be transferred to this wallet address. With some platforms, you
would connect your NFT wallet before you can start any type of transaction. In this particular
case, the funds will be transferred to the wallet you connected previously in the event of a
successful sale.

If the funds are stored in a local marketplace wallet, this is the time to send them outward to the
NFT wallet that you prefer to use. Make sure you take the pointers we looked at previously in
mind. The NFT wallet you use should be trustworthy, provide support for the appropriate token
standards, and offer low transaction fees. Make sure you consider factors like the gas fees
when sending cryptocurrency from one wallet to another, especially if you need to do a
conversion or exchange throughout the process.

Now, be sure to understand you are not actually transferring the NFT itself, but rather the
cryptocurrency you got during the sale. Thus, you do have more flexibility compared to
transferring an NFT between wallets. When you send the cryptocurrency to a wallet, you should
try to find one that you can use to withdraw money. This means the wallet should give you the
ability to sell the cryptocurrency you own and then withdraw the fiat currency into a local bank
account.

Coinbase is actually a good example, but make sure you take note of the country restrictions
that are in place. Start by taking a look at the countries that are currently supported by Coinbase
and the official Coinbase wallet. This will allow you to determine whether or not this is a good
choice for you. If there are local wallets that make the process of selling for a local currency
easier, take a look at their reputation. This can sometimes make the entire process significantly
easier.

Once you have the funds in the local wallet, you may need to do an identity verification before
you can proceed. This, of course, depends on the specific wallet that you choose, as well as the
regulations that the company behind the wallet has set in place. This may include filling out a
form with your full name, address, and contact details. You will likely be asked to upload a
picture of your identity card, passport, or driver’s license too. Be sure to complete all the steps
and provide pictures that are clear - this will help to speed up the verification process. Many
people decide to complete the verification at the start of their journey. This way, they won’t have
to wait for their documents and information to be verified before they are able to withdraw funds.

After verification, you need to decide how you wish to withdraw the funds. If the funds are still
allocated in the form of a cryptocurrency, you may first need to exchange it for a fiat currency.
Most wallets now provide you the ability to store fiat currency in your wallet - which can then be
used to buy cryptocurrencies or withdraw funds to a local bank account. Take note of all the
withdrawal methods that the wallet supports, then choose one that is most suitable for your
needs and situation.

In the majority of cases, people find that a bank transfer is a convenient option. If the company
provides support for your country, then they will usually be able to easily deposit the funds you
withdraw directly into a local bank account. Be sure to check with your bank if they support this
type of transaction. You may also need to provide the company with more than just your account
number and bank name, as they may require a routing number or swift code too.

While considering the withdrawal options, it is crucial to take a closer look at the fees associated
with each. When you have to exchange cryptocurrencies, there may also be fees involved.
Make sure these fees will not result in a loss from the money you made during the flipping
process.

After you have completed all required steps for the withdrawal process, make sure you look for
any additional information provided by the company that provides the wallet services. You may
have to wait a few days for the money to reflect in your local bank account. This generally takes
between three and seven business days but can sometimes take longer - depending on where
you live and the bank you use.
What Does The Future Of NFTs Look Like?
When looking at NFTs and the market surrounding these digital assets, one thing is for certain -
the industry is volatile. One person gains the ability to sell an NFT for millions of dollars, but
then the next guy buys an NFT for $500, yet finds that they are completely unable to sell this
NFT at all after the purchase. This makes it exceptionally hard to determine what the future truly
holds for NFTs.

At the moment, the best way to determine the potential that lies ahead in the future of this
industry is to consider where we are standing right now, while also taking a look at the history of
the NFT space.

In this post, we have taken a closer look at examples of high-value sales. These examples
make it obvious that the NFT market currently does hold potential. We can also see that the
most significant trend in this industry only started in 2021 - which means people now have an
opportunity to enter this growing market at a relatively young age. Sure, there are NFTs that
were sold a few years ago, but they didn’t reach such high prices before 2021.

When we take a closer look at the current trends, particularly since the market truly started to
escalate, we can definitely see the potential. While The First 5000’s sale price has not yet been
surpassed by another NFT, this does not mean it won’t be in the future. We still constantly see
NFTs being sold for millions - and that means the market currently still holds value.

Consider Bitcoin for a moment. While NFTs are not powered by the Bitcoin blockchain but rather
Ethereum, we’re simply trying to make a point here. Bitcoin was first launched in 2009. At the
time, one Bitcoin wasn’t even worth a full dollar. Now, take a look at the value of Bitcoin today. A
single Bitcoin is now worth over $60,000 - and at certain points, the price has hit over $64,000
already. While there have been dips in the value of Bitcoin, we can definitely see a consistent
rise when looking at graphs for the past few years.

Many people looked down on the idea of a digital currency that ran on a decentralized network
back in 2009. Today, those people feel upset with themselves. Had they even bought just one
Bitcoin at the time, they would’ve had their pockets stuffed with extra cash right now.

Now, let’s turn over to NFTs. What is the first thing people said when NFTs first started to take
off? The idea of selling what many people refer to as “basic” or even “stupid” artwork - and
gaining millions of dollars in profit. This is something that people are still struggling to grasp. Do
you see a similarity between the situation we face now and the time that Bitcoin was first
announced? What about the person who invested just over $14,000 in a CryptoPunk a few
years ago, then sold it in 2021 for millions? If that guy was skeptical and didn’t decide to make
the investment, he would’ve lost out on the profit.
With this said, it is important to note that we are not saying we guarantee that NFTs will take off
in the same way as Bitcoin, Ethereum, and the entire cryptocurrency market. Still, it is important
not to overlook the current potential that the NFT industry shows. The industry is already
revolutionizing the way that artists are able to share their work, while also having proof of
ownership - something that is often difficult to maintain when sharing artwork on websites like
DeviantArt. This creates a new way for artists in different sectors to showcase their work and
make a real living while also protecting the ownership of each piece they put on sale. Not only
does this account for people who create digital paintings. Vector and pixel art creators, DJs, and
many other people are now capable of producing NFTs that protect their digital property
ownership while also offering the individual an opportunity to gain exposure and an income from
their efforts.

In the future, we may see the NFT market expand even more. Several large organizations,
including Disney, have already shown their interest in NFTs. When such organizations make a
mark in this type of industry, it generally serves as evidence that there is great potential.

While this is true, it is also important for people to continue to realize the risks that are involved
in this entire process. Even when the NFT market continues to rise exponentially within the next
few years, and we continue to see these assets being sold for millions, every person who enters
this market does have risks to face. When investing in an NFT that fails to yield any increase in
value, or perhaps one that no one wants to buy, then you’ll end up with a collection of assets
that are completely worthless.

This is why we have stressed the importance of research multiple times. Just because there
seems to be a surge in sales for NFTs, do not rush in with a buy. You may end up investing
more money than you can afford to lose - and then up losing it. Of course, this does not mean
that there isn’t potential for a beginner. The key is to perform research, learn how everything
works, and carefully consider all of the tips we have shared thus far. This way, you’ll feel more
educated once you enter this market, allowing you to make decisions that are smart and more
informed. Smarter moves in the NFT market, especially for those who are not looking to collect,
but rather flip, is essential - it leads to higher gains and a better chance to achieve successful
sales and profit in the process.
Flipping Versus Creating Your Own NFT
The NFT space has created multiple opportunities. Not only for collectors but also for those
individuals who wish to take advantage of the profitability presented by this market. Flipping has
become a relatively popular option for people who are looking to make a profit from NFTs, but
there are other opportunities presented by these digital assets too.

Take a moment to consider the many NFTs that are already in existence. Ask yourself where
they came from - ideas were turned from concept to digital asset by artists. Someone created
the NFT - not only the artwork or music track behind it, but also the digital property that it now
represents.

With this in mind, make sure you do not overlook the opportunity presented as an NFT creator.
There are no specific criteria that you need to match to qualify for the creation of NFTs. This
means that apart from flipping, you also have the ability to create your own NFTs - and then
offer them up for sale.

Now, the main factor that keeps people from doing this is the fact that they immediately think
about the need for creativity. NFTs are generally associated with art - that means you need to be
an artist, right? The truth is, creating art for NFTs does not have to be overly complicated. Yes,
there are people creating advanced, complex art pieces and then selling these as NFTs. On the
other hand, take a quick look at the NFTs that are doing exceptionally well. You’ll notice that a
large number of these do not really seem like pieces of master art.
Take the screenshot above into account. Yes - this is an NFT listed on OpenSea.io. What’s
more, the NFT is actually featured at the time of writing - which means it has a strong level of
interest behind it. The NFT is extremely simple. It has a message that reads “Stand Strong” and
the background color’s HEX code at the bottom. How much time do you think it took the creator
to design this? This type of design can be made with something as basic as Paint.net or even
an online tool like Canva.

Now, at this point, we need to be realistic. The people behind the NFT shown above were smart
- and they created a complete story to go with the NFTs they created. The chances of being
successful with something that is this basic are generally very slim.

Continue to look through the NFTs. While there are amazing pieces of art shared as NFTs, you’ll
also see some basic drawings and artwork that look simple yet are selling for high prices. Some
people even turn photographs into NFTs - and these may be even easier to create, as you
simply click a button on a camera to take the picture.
The point here is that you do not need to be the world’s greatest artist or most creative person to
create your own NFT. This is why it is important not to overlook creating NFTs as an opportunity
in this industry.

At this point, it is important to compare the process of flipping NFTs and creating your own NFTs
for profit - this will give you a chance to see the industry from both sides. The goal here is to
help you determine which strategy will be the more suitable option for you in particular.

With flipping, it means you won’t have a need to create “something” that you can use in the
creation of the NFT. Instead, you’ll be taking advantage of the skills presented by another
person. You buy an NFT that has already been created, which means there is already an
element - be it a piece of art, a digital character, or perhaps a music track - that accompanies
the block on the network.

Now, on the other hand, you may also end up paying large amounts of money when looking to
flip NFTs - particularly compared to making your own digital assets. When you create your own
NFT, you’ll only pay gas fees, which are needed throughout the minting process.

Not all are good when it comes to choosing to create your own NFT over flipping, however. Fully
understanding all aspects can help you choose which direction you should go in terms of
profiting from NFTs. When you create your own NFT, there is generally only a very small chance
for the collection to really take off. By opting for existing NFTs, you have a chance to find
collections that are constantly increasing in value - and essentially take advantage of the
popularity to help you profit in the process.

Creating Your Own NFT

While flipping is useful, some people also want to explore the entire scope of NFTs from a
different side. It is possible to do both - buy and sell NFTs (aka flipping), while also having NFTs
that you created from scratch. In this section, we’ll take a closer look at the process of creating
your own NFTs, which you can then keep in a collection or decide to put them up for sale.

When it comes to creating your own NFT, you need to consider the same facts we covered while
focusing on flipping. We talked about the fact that there needs to be a purpose and a story that
drives an NFT, and the entire collection. This is what people are looking for. People generally do
not buy an NFT just for the artwork presented, but rather for the reasoning behind it. The reason
or story should not be outright to make money. Sure, your goal here is to profit from NFTs - but
you need to add character to the collection that you are going to make.

So, before you start creating artwork or setting up a contract with a designer, you need to plan
things out. With a great plan, you’ll be able to increase your chances for success in the process.
A good starting point would be to decide on a common theme that the collection will share. You
should browse through NFT marketplaces to help you get a few ideas. This can help you see
how other collections are made, the themes that they utilize, and the stories that drive their
popularity.

This screenshot is the current homepage of Rarible, a popular NFT marketplace that focuses on
helping people promote rare NFTs. By simply looking at this page, you can already get an idea
of collectibles, artwork, and other types of NFTs currently trending. Use this to your advantage.

Now, while it is important to browse through these platforms to get an idea for collections and
NFTs, never copy another person’s digital assets. Be original. Remember that uniqueness is an
important element in the NFT world.
Here we have an example of a collection. By taking a look at this collection, we can already see
a common theme. The entire collection focuses on abstract artwork. You can also see that these
assets generally sell for relatively high prices - 0.1 ETH is currently valued at just over $400.
Sure, this isn’t the same as those multi-million dollar sales we’ve talked about; consider the fact
that these are all auctions. This means people are constantly bidding on them, and their values
will be increasing in this way.

Even after you sell an NFT, as the creator, you have an opportunity to continue making profits
from the asset - this is done through royalties. Perhaps your NFT sells for 0.1 ETH today. In a
few months, it is sold for 2 ETH by the person who bought the NFT from you. At this point, you’ll
make a profit from the sale - if you decide to ask royalties for subsequent sales. The royalties
are usually a percentage of the amount the NFT is sold for.

Once you have a better idea of what you wish to add to your collection, it is time to start working
on the art that you will be using. There are a few options to consider at this point. Many people
decide to start the process by taking up a course in drawing or digital art. This can be a useful
entry point if you are not experienced in using software like Adobe Photoshop or CorelDRAW.
Both of these are popular software used by graphic designers - but they do come at a fee.
There are actually several NFT artists who started out their process by using a free or
open-source application, such as Inkscape, Gimp, or even Paint.net. The built-in Paint program
that comes pre-installed on the Windows operating system is also great if you are planning to do
pixel art.

Here’s a simple example of someone using the free software Gimp to create basic pixel art.
The software is even used for more advanced pixel art drawings, such as the one below.

The point that we are trying to make here is that you do not need to buy expensive software if
you are looking to create artwork for your own NFT. Of course, there's no need to limit yourself
to pixel art alone. We just used this as an example - but the opportunities when it comes to NFT
artwork are truly endless.

Some people find it hard to draw or create digital art - and this is perfectly fine. If you are not the
creative kind, and rather want to focus on creating a story behind your NFT collection, then you
can always hire a graphic designer to do the designs for you. This does not have to be
expensive - you can browse platforms like Upwork, Guru.com, Freelancer, and even Fiverr to
help you find talented individuals who are great at creating digital art.

Since there are risks you’ll be taking when creating your own NFT; you may want to keep your
expenses at a minimum for now. With this in mind, Fiverr is a good starting point.
Visit Fiverr and search for “NFT art” or a related keyword. You’ll be instantly presented with a
wide selection of services from designers who can create unique icons, pictures, and other
types of collectibles for your NFTs.

Here, you can see a few examples of people offering these services from prices that can go as
low as $10. Be sure to take a look at the reviews presented on each artist’s service profile. This
gives you a good idea of the projects they have worked on and how clients find their services.
Many of these artists will present some of the work they have done previously on the service
page. Make sure you take a look at this as well. The portfolio will give you a good idea of the
creativity and talent presented by the individual.

When you find someone who can do artwork for you, make sure you know exactly what you
expect before you hire them. By now, you should have an idea of the theme you wish the
collection to follow - so try to be as clear as possible when explaining your vision to the artist.
This way, they will be able to more effectively meet your needs when creating digital artwork for
you.

When you have the digital art ready, you can proceed to create your own NFT. At this point, you
will need to consider which blockchain network you want to create your NFT on. Ethereum is
certainly the most popular one at the moment, but there are other blockchains that support NFT
token protocols too. Consider factors like gas fees when deciding which blockchain to use, as
this tends to differ from one another.

There are options for creating NFTs in a gasless environment. Polygon is a particularly popular
system that provides support for gasless NFT creation on top of the Ethereum network. This is a
good idea if you prefer not to pay high fees as a way of creating your own NFT - the perfect
option for people who want to minimize the amount of money they invest into the process; thus
reducing the risks you face.

OpenSea provides support for creating NFTs through Polygon technology. When you visit the
homepage of the OpeanSea platform, click the “Create” button. This will take you to a page that
asks you to connect your wallet. Make sure you choose the correct wallet to connect to the
system. After successfully connecting and authorizing your wallet, you’ll be provided a form to
complete - this is where you will add the artwork associated with the NFT, as well as other
information - such as stats, unlockable content, and traits.

Note that at this point, you do need to have a collection to add the item to. If you haven’t made a
collection yet, head over to your profile, then click on “My Collections.” Add a collection - be sure
to add both a logo and featured image. These two images should clearly relate to the theme of
your collection, as it helps people understand what to expect when they start browsing your
items.

On the “Create new item” page, you’ll be presented with a choice between two blockchains.
Scroll down to find this particular choice.
Ethereum is the default choice. When you choose Ethereum, you’ll be charged a gas fee to
create the NFT. If you do not wish to pay gas fees, then switch to Polygon instead.

The final step is to click on that “Create” button and wait for the NFT to be minted. Once
created, it is automatically added to your account - where it will be locally stored on the built-in
OpenSea wallet. You can always transfer the NFT out to your preferred wallet, but you’ll need to
have it on OpeanSea if you wish to sell the NFT. At this point, you can choose to initiate a sale
immediately or rather wait a bit to create some excitement around your collection.

The sale process works the same as with flipping - so be sure to keep everything in mind we
shared in the previous chapters. You’ll be able to choose between a Buy Now or auction offer,
and will need to promote the sale of your NFT to get it noticed.
How Do You Know When To Sell
One of the biggest challenges that people face is not knowing when it is time to sell an NFT they
own. Being too hasty with this process could result in losses or even cause you to miss out on
the great potential that the NFT later on shows. On the other hand, waiting too long before you
decide to set the NFT up for sale can also have disadvantages. Timing really is everything when
it comes to these digital assets.

In this chapter, we are going to take a closer look at a few strategies you can use to help you
understand when it is the appropriate time to set up a sale for your NFT. We’ll also help you
determine an appropriate duration for sale, which especially comes into play when looking at
auctions. The goal here is to help you maximize the potential gains that you can obtain through
the flipping of NFTs by perfecting the timing of your transactions.

Before we consider elements that you can utilize as a means of determining when it is the right
time to sell your NFT, it is important to take note of one important factor. While there are factors
that can help you make this decision, there is no tool that can tell you the exact, to-the-second
moment for when to initiate the sale. Over time, you’ll gain more experience. In this particular
market, experience is one of the most valuable factors in your journey. As you accumulate
experience, you’ll eventually find that it becomes easier to not only identify opportunities to profit
from NFTs but also to determine when you should take certain actions with your digital assets -
such as to initiate a sale for the token.

Now, with this in mind, there are a couple of techniques you can use as a way to identify the
right moment to sell while also helping you decide between the buy now and auction listings.

One particular factor that will play a significant role in helping you perfect timing is an exit
strategy. This particular type of strategy revolves around plans you have in motion to understand
when it is time to exit a position - or, in this case, decide to sell your NFT.

This is why it is also considered important to understand whether you are looking for short or
long-term holds before you start to invest in these digital assets. There is a significant difference
in the potential of each, as well as the exit strategy that will be most viable to ensure you can
gain a profit.

Without having an idea of your ideal hold period, it becomes so much harder to develop an exit
strategy or to spot specific opportunities within the market.

Let’s consider the primary differences between the two hold options:
● Short-term hold: A short-term hold strategy generally refers to investing in an NFT that
is expected to gain a significant increase in value within a very short period of time. Your
plan may be to hold onto the NFT for just a couple of days. Sometimes, a short-term
hold is also used for NFTs that may gain value within a few weeks. This strategy holds a
close relation to hypes and trends. The idea is often to identify NFTs that are currently
 trending - you then buy in the NFT hype just as it starts to take off and carefully monitor
the market to see when the hype will be over. You then sell the NFT you invested in just
before it starts to fall.
● Long-term hold: Many people are also looking toward long-term holds. These are ideal
opportunities for individuals who have the patience and time to allow their investment to
grow. In the majority of cases, you’ll find that a long-term hold provides a greater level of
profit compared to a short-term strategy, but there are also more risks involved. These
are the NFTs that are often associated with games, such as collectibles or in-game
items. You may try to enter the collection early on - this way, you can ride the wave as
the game creates a name for itself and gains traction within the entertainment industry.
Of course, as the game starts to get picked up on media publications and gain
popularity, the value of the NFTs sold by the creator would also start to rise.

As you can see, the strategies surrounding these two types of NFTs are not the same. This is
why it is a good idea to start the process by considering which option you prefer. Personal
preference comes into play, as well as how long you are willing to wait to profit from each of
your transactions.

Another factor that you can keep in mind when trying to identify the ideal time to sell is the
current trading volume. Sure, each NFT is unique - but there are a few factors related to the
trading volume that can still prove useful to your strategy and exit plan. Start by identifying NFTs
that hold similarities to the one you invested in. This could be NFTs that are part of the same
collection, for example. Look at other NFTs that the creator has published. Try to determine how
they are trading at the moment.

If you find that the creator has recently gained a lot of popularity in the marketplace and within
this industry, then it is time to start monitoring more closely. While sudden popularity can
skyrocket the price of an NFT and the value of the entire collection, it is important to understand
that waiting just a day too long can cause you to suffer significant losses. Thus, as soon as you
notice the trading volume for the collection, creator, or similar NFTs are increasing, keep a
closer eye on the market. This can help you find great times to set up a sale for your NFT.

With this in mind, consider engagement for similar NFTs too. Platforms like OpenSea and
Rarible do not only allow people to buy and sell these digital assets. You can also create a
showcase, a type of portfolio that displays your collection of NFTs. Whether listed for sale or not,
if you make your NFT available for public viewing, then other people who are browsing the
platform can like, favorite, and sometimes even comment on your assets.

You can use these engagement features to your advantage when trying to determine when you
should consider initiating a sale for the NFT you own.

Start with the creator of the NFT. Navigate to their profile page. The specific engagement factors
you will see highly depend on the platform you are using.
Let’s consider a quick example of a random profile featured on the OpenSea platform:

As we can see here, the assets created by this creator have 49 owners - which means people
are actually buying their content. Note that a creator doesn’t need thousands of owners to be
successful. Imagine each of these assets is sold for an average of 0.1 ETH. With a total of 49
current owners, that is at least 4.9 ETH. This means that just the owners of these have already
provided the creator with over $20,000 in Ethereum - but you need to look at more than just the
current owners. Look at the volume traded - that gives you a far better idea of how well the
creator is doing. In the example above, the creator has traded more than 70 Ethereum. That
calculates to almost $300,000.

Of course, you should not only look at this factor. If you take a look at the current floor price,
volume traded, and current owners of the creator - particularly the creator of the NFT you own -
then you can get a good idea of their performance over time. You also need to take a look at
how active they are, as well as the engagement on the NFTs they have posted for sale.

Scroll down and click on “Activity.” This will give you a more accurate view of the current activity
and trends among the NFTs from the creator.
As we can see here, the last transactions on the creator’s NFTs were made just 16 hours ago in
the screenshot above. This means they are relatively popular. In terms of direct sales, however,
this might not be just the best time to sell:

We see that over the last three months, things have actually been quite stable - so we should
perhaps decide to wait a bit longer until the creator gains more traction. You’ll usually be able to
obtain a greater level of profit when you wait it out until you identify a spot where the creator’s
artwork is trending and gaining more popularity. At this time, buyers on the marketplace will be
more likely to place higher bids or pay more for an asset from this creator.
Now, we take a look at a different creator’s activity page - and as we can see here, the creator
experienced a surge in sales over the past few days - and this might prove to be a useful time to
initiate that sale listing on the marketplace.

Of course, these are not the only matters that will help you determine the right time to sell. It is
important to keep up with the latest trends in terms of news publications, media outlets, and
other websites that focus on the latest hypes within the industry. By following these, you can
keep track of current trends, as well as those that are just starting to pick up. In turn, you’ll be
giving yourself an opportunity to have a more appropriate view of when the time has come to
sell your asset.

There are quite a few platforms that you can use to keep yourself posted on the latest news.
Google News remains among the most popular since a large variety of publications are indexed
and part of the Google News network. By searching for something as simple as “OpeanSea” or
“NFTs” and similar phrases, you can browse through current news and see what stories are
trending within this industry.

As an example, at the time of writing, one story was related to Spellfire, a popular game,
creating NFT cards that will be sold on the OpenSea platform. The company decided to only
create a total of 100 cards that will be exclusively sold as NFTs, which adds to their rarity.

Sure, this is something that still needs to happen - but you can still use it as a way to estimate
current and future trends. The company is planning to create NFT cards. This means following
this publication; there may be a hype toward collectible cards that are created as NFTs. If you
have any NFT collectible cards, then this might have been a good time to consider setting up
your sale. Of course, you can’t really use one single story as a 100% accurate measurement,
but it can still play a part in the elements you consider when determining when it is the right time
to sell.

If you prefer to be informed about the latest publications, then Google Trends is another useful
tool that you can utilize. This platform allows you to check current trends related to any keyword
or search phrase. You also have the option of setting up notifications for future posts that are
related to these trends.

The process of using Google Trends is actually very easy. Start by entering a search phrase.
You’ll be presented with the current interest over time. As we can see in the screenshot above,
there has been a significant spike in interest in NFTs since early 2021, and between July and
October, interest has started to skyrocket. This graph also shows us that NFTs are not going to
become obsolete anytime soon, as the trend continues to rise.

Scrolling down also gives you access to current trending topics and queries that are related to
the keyword you entered.

Use this as a way of determining what is currently popular in the industry. Here, we can see that
NFT games, NFT Ape, and Solana NFT are on a breakout - which means if you have any
holdings that match these three categories, it could be a good time to set up a listing to sell your
NFT.
You can also create subscriptions, which allows you to be notified of any new changes. Click on
the menu button and then “subscriptions” - then click on the “+” button at the bottom right corner
of the dashboard. This will show you a form that you can complete to create a new subscription.
You can have multiple subscriptions. Take advantage of the “related queries” and similar
aspects to help you find current topics to add to your subscription - then be sure to constantly
keep an eye out for emails from your subscriptions. This can become exceptionally helpful in
determining trends that are taking off - and these trends might be just what you need to gain the
profits you are looking for with your NFT investments.

There are all useful methods, but you should explore all of your options when you are trying to
determine when it is the right time to initiate a sale for the NFT you own.

If you are looking for tools that are particularly tailored toward the NFT industry, then there are a
couple of options you should consider using. Let’s take a closer look at a few tools that are
excellent for people who are looking to take their NFT game seriously.

First up is a tool called NFT Stats. This is actually a multifunctional tool that both buyers and
sellers can utilize. You can use the tool to identify NFT projects that are on the rise - allowing
you to determine which projects you should consider investing in. Of course, the analytical tools
offered on this platform also allow you to determine when you should consider selling a specific
NFT that is currently part of your portfolio.

When using NFT Stats as a way of knowing when to sell, you should navigate to the “Best
Selling NFTs” link. This will give you an overview of NFT types, creators, and collections that are
currently selling really well. Make full use of the Market Insights and NFT trends too - as this will
further give you an opportunity to see when it is the right time to sell.

Another useful tool is NFTBank, which is a type of portfolio management platform. You can
easily showcase and organize all of the NFTs you own with this tool. Once your collection has
been created, you can access a large variety of statistical tools and analytical data. Similar to
NFT Stats, you can utilize this data as a way of identifying that perfect moment to set up your
sale.
The Role Of An NFT Calendar
The NFT market may still be young and a relatively new addition to the cryptocurrency industry,
but it has surely made a name for itself already. This is why we are seeing new tools related to
NFTs being released on the internet quite frequently. While some tools are not well-known
among the NFT community yet, certain platforms have gained a lot of popularity within the last
couple of months.

One of these would be a website known as NFTCalendar. Yes, the website’s function is just as
the name sounds - it is essentially an NFT calendar that gives you an overview of non-fungible
tokens that are about to launch. While the platform may seem quite basic at first glance, NFT
Calendar actually has significant potential when it comes to people who are aiming to flip NFTs
for profit.

Let’s take a closer look at the platform before discussing it in more detail.

As you can see, the platform was made to be minimalistic. The simple layout of the website is
what makes this such a great tool. There are no overwhelming feelings when browsing the
platform - instead, you get to look at the NFTs that are dropping today, the latest ones that have
dropped, as well as what the future holds for the market.

The NFTCalender is one of the best places for buyers to find new NFTs that they should invest
in. When you land on the homepage, you’ll instantly be presented with the drops that are
happening on a specific day.

If you are looking to make an investment immediately, then this is actually a good place to start
the process. Don’t just jump on the very first posting that you see here, however. Instead, scroll
down and take a closer look at each of the listings. You can also click on one of the postings to
read more about the NFT. Use these listings to really study the new NFTs that are dropping -
you’ll be able to gain valuable information, and this gives you an opportunity to identify tokens
that have potential.

The platform also has several filter features that you can take advantage of - be sure to use
these, especially if you wish to buy an NFT on a specific blockchain.

In the screenshot above, you can see the blockchains that are supported by NFTCalendar. As
you can see here, and as expected, Ethereum is the most popular one, with the majority of
NFTs listed on the platform being minted on this particular blockchain. You can also see that
Polygon is gaining significant popularity - we previously discussed Polygon as a platform that
allows you to mint NFTs without the need to pay gas fees.
Just because a blockchain does not seem to be particularly popular at the time does not
necessarily mean it does not have any potential. Do your research well, and you’ll discover that
blockchains built outside of Ethereum are also gaining traction, which presents you with an
opportunity to catch up to a trend while it is still at an early stage.

NFTCalender has more tools and resources that you can benefit from. If you take a look at the
main menu on the website, you’ll see that they actually have a complete guide called the “ABCs
of NFT”. This guide provides an extensive overview of what NFTs are, making it a perfect
starting point for beginners who are not yet too familiar with what this market is all about. There
is also a news section. Be sure to check it out if you want to keep in the loop with the latest
news and publications surrounding the NFT world.
While the news section on the website is not as frequently updated as the list of NFTs that are
dropping, there are still valuable posts that you can use as a way of determining where you
should invest your money.

Back on the homepage of the website, make sure you do not only look at the “Today’s Drops”
section. Take advantage of the other tabs that are available too. These include:
● Upcoming: This shows you a list of NFTs that haven’t dropped yet, but a release date
has been announced. Use this to determine NFTs that show a lot of potentials - and
ensure you are able to get in early by setting up a notification on your calendar for the
launch date.
● Ongoing: In this section, you’ll be presented with a list of NFT events that are currently
ongoing. This is also a good way of gaining early access to new NFTs that show
potential in the market.
● Newest: A list that shows you the latest NFT drops. This does not only include events
but all types of NFTs that have been launched recently - including those that have just
passed their event dates.

Let’s consider an example. At the time of writing, there are quite a large number of NFTs listed
at the “Upcoming” tab on NFTCalendar. Now, if we scroll down a bit, we see one, in particular,
that shows a lot of potentials - which will form a collection known as the “Sandot Kids.”

What do you see here that makes the NFT collection stand out? There are actually two specific
elements. First of all, check the title of the NFT - “The Sandot Kids - Limited Edition NFTs”. Now,
consider what we have mentioned about NFTs before. Rarity and uniqueness are two of the
main drivers behind the value that an NFT presents. This is exactly where the term “Limited
Edition” comes in.

You see, this particular collection is not entirely new. The company behind it has already
released collections known as the Sandot kids in the past. This time around, however, things
are changing a bit. The company has decided to launch a selection of limited edition characters.
This usually includes only a small number of NFTs that will never be repeated. What does this
mean? These NFTs will be incredibly rare! This means that their values will almost certainly
increase post the launch date - and it also presents a great opportunity to you.

These are not the only factors that allow us to see the potential presented by the NFT collection.
When we click on the name of the NFT, we are shown a description presented by the people
behind the collection.

Here, we can already see several factors that contribute to the overall popularity - and which will
eventually end up driving up the value of each token.

First of all, rarity further comes into play when we see that only 10 limited edition characters will
be made available. That’s a very limited line, which means the people who are able to land one
of these characters upon the initial sale will sit with a high potential NFT asset in their wallet.

The company is also well-known within the NFT industry, and they already have a track record
with the previous NFT collections that they have created. Furthermore, take a look at the launch
details. We can see here that they have created placeholders at the moment and that each
placeholder shows a clue regarding the character that will replace it. What does this mean? It
means the company has already developed a strategy that will drive engagement and
excitement for the project - which also makes it a more valuable option to invest in.

Now, with this in mind, it is also important to note that these types of NFTs will often be sold
through an auction - so carefully consider what you will be able to afford. If you are rather
looking for an NFT that will allow you to enter a collection at a tight budget, then look for NFTs
that holds potential but are planning to make fixed-price sales.

These are all excellent tips to help you better understand the role that the platform known as
NFTCalender plays in the industry. While the platform itself doesn’t allow you to directly buy or
sell NFTs, you can use it as part of your research process. The information presented on this
platform makes it an incredibly valuable tool in your search for the perfect NFT to invest in.
Another major benefit that you gain when you decide to utilize the platform is the fact that all of
their tools are free for buying. This means you do not need to pay anything or subscribe to a
plan if you wish to see the latest NFTs that you could invest in.

With this said, make sure you take note of the event listing feature offered by the website. We’ve
previously compared the process of flipping NFTs to making your own. If you decide to create
your own NFTs, then this platform will present you with an additional opportunity.

Every NFT and event that you see on the NFTCalendar platform was listed by the creator or the
company behind it. What does this mean? As a creator yourself, you can also choose to list
your own NFT here. Note that this usually does not work too well for people who are flipping -
you should rather focus on listing NFTs that you created yourself.

The process of listing starts by clicking the button at the top of the website, “List Your Event.”
Here, you will be presented with quite a few options to choose from. When creating your event
listing, you need to ensure you make it as thorough as possible.

At this point, we need to point out an important factor that was shared previously - NFTs
generally do better when there is a purpose or a story that drives it. With this in mind, you need
to take a closer look at the purpose of your NFT - and this needs to be relayed here on
NFTCalender when you decide to make a listing for the assets you created.
Using OpenSea To Flip NFTs
There are quite a few platforms that serve as marketplaces for the NFT world. These
marketplaces focus on providing people an opportunity to view, collect, buy, sell, and create
digital assets as non-fungible tokens. While many of these marketplaces may exist, some
remain more popular choices among those who find an interest in NFTs - and OpenSea is
among the more popular options that people opt for.

OpenSea provides an open marketplace that focuses primarily on NFTs that utilize the
Ethereum blockchain in the creation of tokens. In addition to providing support for
Ethereum-based NFTs, the OpenSea platform is also compatible with NFTs that are created on
the Polygon blockchain. Polygon is a blockchain system that is actually based on Ethereum but
was developed to provide a gas-free method for minting NFTs.

By keeping fees low and only charging when you make a successful sale, OpenSea truly
enables artists to flourish in terms of utilizing NFTs as a way to profit from their online activities.
You’ll also be given an opportunity to lower the fees that you need to pay when initiating a
transaction on the platform. This also means you’ll get more out of every transaction, which
helps you maximize the profits you are able to make through the process of selling NFTs.

In this section, we specifically focus on the process of flipping NFTs with the help of OpenSea.
We will consider the process of creating and connecting a compatible wallet, the configuration
process for your OpenSea profile, as well as the buy and sell methods that you need to
understand. By providing each set of instructions in a step-by-step method, you’ll find it easier to
get going and flip your very first NFT on the OpenSea platform.

Creating A MetaMask Wallet

Before you can actually start to transact on the OpenSea platform, you’ll first need a compatible
wallet. There are a lot of cryptocurrency wallets out there, and many of them are implementing
support for NFTs. It is, however, important to also consider the compatibility of the platform you
decide to utilize. With OpenSea, support for wallets is a bit restrictive - so make sure you
understand which wallets are supported. If you do not currently have one of these wallets, then
you’ll need to create one before you can proceed.

When you head over to OpenSea.io, click on the “Wallet” icon - which can be found in the upper
right corner of the website. This will show you a list of the wallets that the OpenSea platform
supports.
These are also the more commonly used wallets that people opt for when they are looking to
transact in the NFT market.

Of course, you may already have some NFTs in your wallet - particularly if you are not in a
completely new stage - and in such a scenario, you can click on the “Show more options” link to
determine if your existing wallet may be supported by the platform.
As you can see, OpenSea does provide support for a variety of wallets. Some, however, are
only supported on mobile devices - which includes Trust and OperaTouch.

Now, with this in mind, make sure you understand the compatibility, features, and fees involved
with each of these wallets. If you do not have a wallet already, we highly recommend you give
MetaMask a try. This is a highly trusted wallet that is used by millions of people. It’s quick, easy,
and free to set up your wallet - and MetaMask provides multi-platform support. This allows you
to easily deal with transactions on your computer and your mobile phone while using the same
wallet.

One thing to note here is that MetaMask does not come with a native app for Windows, macOS,
or Linux. When you decide to use MetaMask on a computer, then you’ll use the browser
extension that was developed by the company behind the wallet. This actually holds benefits.
Since MetaMask integrates with your web browser, it also means that connecting the wallet to
supported apps and initiating transactions have become significantly easier.

By using a browser extension instead of a native application, you also get better compatibility
with computer operating systems. Since Google Chrome is available for most operating
systems, it means you’ll be able to easily integrate the wallet with any computer. In addition to
providing support for Windows, Linux, and macOS, you can also use Google Chrome, along
with the MetaMask wallet, on computers running Google Chrome OS and FreeBSD.

You can also use MetaMask on mobile devices. The company developed native apps for both
iOS and Android operating systems. This ensures you can easily take the wallet with you when
you are traveling - giving you easy access to your NFTs, cryptocurrency, and the ability to
transact regardless of where you are. Simply head over to the Google Play Store or Apple App
Store, depending on the mobile device you are using. Search for “MetaMask,” and you should
be able to easily find the app.

Note that the process of using the same wallet on multiple devices has some complications - so
be sure to follow each step. Start by considering the device where you will create the actual
wallet.

Visit the MetaMask homepage (MetaMask.io), then click on the “Download” button. The platform
should automatically detect the operating system you are using. In this particular part, we’ll
assume you will create the wallet on a computer - so make sure the “Chrome” button is
selected, then click on the install button.

You’ll be taken to the appropriate page, where you can download the extension for Google
Chrome. Follow the steps and make sure you click the “Add extension” button on the pop-up
that shows up during the installation process.
You will now need to go through a short configuration process to create the wallet. As we have
mentioned in a previous chapter, the wallet will be created locally on your computer. You can
later on then use a specific method to sync the wallet with additional devices, such as your
smartphone.

Once the extension is installed, you’ll be taken to a setup page automatically. At the bottom of
this page, you’ll see the “Get Started” button - you need to click on this button and then follow
the instructions provided to create your wallet.

Click on the second option on the next page - “Yes, let’s get set up!”. This button will guide you
through the process of creating a new wallet. The first option lets you import a wallet that you
previously created - which is a function you can use later when you decide to use the wallet on
a smartphone as well.

The next page has an optional prompt. The app will ask you whether or not the wallet may
collect anonymous data related to your activities. The data collected and stored will be used for
analytical purposes to help MetaMask better understand how people are using the wallet. Any
data collected will be stored and utilized anonymously and won’t be linked to your account
details or IP address. Note that you can click on the “No Thanks” button if you do not wish to
share these details with the company behind the MetaMask wallet.

You’ll need to create a password for your wallet on the next page. Make sure you choose a
strong password - and one that you won’t forget. Enter the same password in the second field
for confirmation.

The last step is to click on the button “Create.” This button will start the process of creating the
wallet locally on your computer. You’ll also need to go through a few steps to secure your wallet.
This process will allow you to recover the wallet in the future while also giving you the ability to
sync the wallet with multiple devices - including your smartphone.

You’ll be given a secret phrase during this process. It is CRITICAL that you make a secure
backup of this phrase. If you ever lose access to your wallet, you won’t be able to gain back
access if you do not have this phrase. The phrase consists of a few words - both the words and
the order are crucial factors in the recovery process for wallets. The phrase is also required
when you need to connect the wallet from another device, such as your mobile phone.

You’ll be asked to enter the recovery phrase on the next page. Select each of the words that
appear at the bottom in the exact same order that they appeared when you were given the
phrase.

When you have followed these steps, you should now be prompted with this screen:

You’ll now be presented with your newly created wallet. In addition to a web page that
represents the wallet, you can also click on the extension at the top bar on Google Chrome.
This opens up a small pop-up at the top right corner of your browser - you can use the wallet to
transact with cryptocurrency, as well as NFTs. The base cryptocurrency on the app will be
Ethereum, but you can easily add additional currencies and coins to the wallet.

This is the basic process of setting up your own wallet on MetaWallet. You should now be ready
to start transacting. Since you are looking to buy NFTs and then sell them, you will need to add
funds to the wallet. MetaMask provides support for a variety of different payment gateways.
Take a closer look at the options that are available to help you find a payment method that is
most suitable for you, particularly based on what is available in your country.

If you will be using the wallet on an additional device, then this would be a good time to do the
setup. Start by downloading the app on your phone, then choose “import wallet” during the
configuration process. You’ll need to enter the recovery phase you were provided during the
initial wallet creation. This will allow you to sync your wallet with the mobile app.

Connecting Your MetaMask Wallet

Now that you have created your MetaMask wallet, the next step is to connect it to the OpenSea
platform. Note that OpenSea works closely with your NFT wallet as a way of setting up a profile
for you - so this is the first step, unlike some systems that first require the user to create an
account before connecting their wallet.

The first step is to visit OpenSea.io - this is the homepage for the platform. In the upper right
corner of the website, you’ll see a couple of icons - choose the profile icon.

If you are not currently signed into an account on OpenSea, then this button will take you to a
page that asks you to connect your wallet. If this is your first time signing into OpenSea, then
you’ll be able to set up your profile after connecting a wallet.

You’ll see a list of wallets that the platform supports. Since we are using MetaMask for this
example, this is the one that should be selected in the scenario.
This will bring up a popup. If you currently use a popup blocker, you may need to disable it first,
depending on the settings. The popup will ask you to authorize the connection request from
OpenSea on the MetaMask wallet you previously created.
Click the “Next” button, and finally “Connect” on the second page. The second page in the
popup shows you the authorizations and permissions that the app you are connecting to asks.

Once you have authorized the connection, you’ll be taken to your profile page. At this point, the
page looks very basic since you haven’t done any configuration yet. You can decide to
immediately start browsing the large variety of NFTs on the platform, but we do suggest you
take a moment to complete a few things on your profile first. This way, you’ll have a profile up
and running by the time you decide to invest in an NFT on the platform.
Setting Up Your OpenSea Profile
Right now, your profile on OpenSea is very bland. When you visit your profile page, you’ll be
presented with a grey background that represents your cover art, a basic gradient picture that
represents your profile picture, and a username “unnamed.” As you become more known in the
NFT industry, you definitely want to ensure you have a great profile. This is also important to
add a level of trust when potential buyers look at your listings - as they will often not only
consider the NFT you are selling but also click on a link that lets them analyze your profile.

Now, as you can see on the profile page, you’ll definitely need some creatives to set things up in
a professional way. You do need both a profile picture and cover art to upload on the platform.
Additionally, you need to decide on a username that you prefer. While some people do use their
own name here, a majority of individuals and especially companies or groups like to come up
with creative names. Just make sure the name is somewhat “brandable,” - which means it
should be something that people can easily recognize when you start making a name for
yourself. It should be relatable, something that is simple and easy to remember but also
contains a creative element. If you have established a name for yourself in another market, such
as the general investment space, then it may be a good idea to use the usernames people have
come to know you buy on your OpenSea profile too.

When it comes to creatives, things can be a bit more complex. This can be especially difficult in
cases where you do not have experience in fields like Photoshop and graphic design in general.
The good news is you do not need to be an expert in design or art as a way of creating an
avatar and cover photo for your profile on OpenSea. There are several platforms that have been
developed to help non-creative individuals be more creative without the need to use software
like Adobe Photoshop or CorelDRAW.
One of our favorite tools would surely be Canva. This tool has a free plan that gives you a lot of
artwork, templates, and options to explore. Best of all - you do not need any type of graphic
design or related experience if you wish to use Canva. In addition to a free plan, Canva also
offers a very affordable subscription plan, which gives you access to a wide variety of
professional and premium resources. Note that you don’t have to spend money right away, as
the platform gives you access to all the tools you need to get started.

At this point, it is important to take the “theme” of your account into consideration. Sure, you
might not be interested in minting and creating your own NFTs right now, but you will still need
to make your profile interesting for people who might browse the NFTs you have on offer - as
your profile is the first thing they will see when browsing through your collected NFTs.

Remember to create an account. You can use your email, Google account, or even your
Facebook account to proceed. After creating your own Canva account, all of the designs that
you make will appear on the homepage when you sign in. For now, take a look at the design
options that are available - you’ll be presented with a large variety of formats and even
templates to choose from.

There are no strict restrictions in place in terms of what you can use as the avatar and cover art
for your profile; just make sure you create something that is related to the specific theme you
are looking to implement. Of course, you can decide to add a photo of yourself, but most people
enjoy adding something more creative that creates a virtual “brand” for themselves.

Simply create a new design - you can choose from a template or add your own custom
dimensions.

Once the new document is created, you’ll be presented with a number of templates, as well as
elements and graphics on the left side of the platform. Use these to create something to
represent your profile on the OpenSea platform. In the example below, we used custom
dimensions at 1024 x 1024, as this would produce a high-quality image that can be easily
scaled on OpenSea.

Use your creativity at this point to explore different options and find a template or collection of
elements that really stand out for you. Try to be unique if possible too, as this would contribute
to the theme of your channel while also ensuring it doesn’t feel like a copy of a different
collection or collector.

Here’s a quick and easy example that took less than a minute to complete, yet it can still prove
as a basis for creating a profile on OpenSea. Of course, this example would have limitations in
terms of what would fit with its general “theme,” - but it still proves just how easy it can be to
create something on the Canva platform.
After downloading your final icon/avatar, you simply head over to your profile on OpenSea. If
you hover your mouse over the current gradient placeholder for your avatar, you’ll see an edit
button in the form of a pencil. Click on this and upload your avatar.

A popup will open, with MetaMask asking you to authorize the action. After signing the
authorization form, wait until the uploading finishes, and you’ll see the new profile photo added
to your OpenSea account.

The last step is to create an artwork that will become the cover photo for your profile. Once
again, you can use Canva for this - just be sure to use a horizontal orientation with an
appropriate resolution for the artwork. A good starting or reference point is 1200 x 500 pixels.
Create something that matches the theme you are after on Canva, download the image, and
then do the same as you did with the profile icon - but this time, click the edit button that
appears when you hover your cursor over the cover art placeholder.

At this point, you should have a profile with a username, your email address has been
confirmed, you uploaded the appropriate graphics, and you feel ready to start your journey with
NFT flipping on the platform.
If you skipped any steps at this point, then head back and complete them to avoid running into
problems at a later time. By completing your profile early on, you’ll find it much easier to get
started and won’t have to constantly come back to complete other parts of the profile at a later
date. You can also add links to your social media and even a short bio to give people a better
idea of who you are.

You should also have your wallet funded in order to ensure you are able to perform transactions
when you identify that perfect NFT - this way; you won’t have to worry about delays or running
into problems with a payment provider at the most critical point in your journey within this
industry.

Exploring The Marketplace And Finding Opportunities

Once you are ready to start flipping NFTs on OpenSea, you should start by considering the
investment you wish to make. It’s a good idea to have at least a rough figure in mind when you
start out, as this will help you prevent major losses in the process. Take a look at the amount of
Ethereum you deposited into your MetaMask wallet - then consider how much of the Ethereum
you wish to spend on the first NFT that you will be buying.

Start by taking a look at what’s featured on the OpenSea platform at the moment. This is always
a useful way of identifying “hot” projects that are consistently gaining value. Do note that these
also often include auction-based sales, which is something to take into consideration when you
have a specific budget in mind for that first NFT.

Take advantage of all the methods we have discussed related to finding opportunities within the
NFT industry. Avoid making hasty decisions, as this may result in disappointment when you,
later on, discover better opportunities were available at similar prices or find that the NFT you
decided to invest in has no traction and cannot be sold for a profit.
Make sure you visit the “explore” tab on OpenSea during this process, as you’ll be able to
discover a wide range of opportunities here. Take a look at the top NFTs at the moment. This
shows you a list of NFTs that are doing well and those that have a high demand at the time. You
can also explore the top NFTs in different categories on this page. This is useful if you wish to
buy specific types of NFTs, instead of broadening your selection to multiple categories.

When you find a collection that you feel interested in, click on it and explore the current NFTs
that are part of it. Be sure to take into account factors like the number of owners that the
collection has, as well as the current activity. These are elements that will ultimately help you
identify the NFTs and collections that have better potential in terms of flipping them later on for
profit.

Make sure you note that later on, you’ll also want to understand the process of selling the NFT
too. We discussed how the sale process works. Take this into consideration to ensure you are
able to set up a sale for the NFT at the right time. As we already discussed, when you decide to
sell one of the NFTs you bought on the OpenSea platform, you’ll need to decide on the type of
sale to initiate. This may be in the form of an action or a direct offer where you expect the buyer
to pay a specified amount.
How Does NFT Minting Work?
While flipping NFTs do offer an excellent opportunity for people who wish to profit from the
industry, it is important to understand all of the options that come with non-fungible tokens. As
we explained earlier, many people are turning to the market as creators - and you don’t even
need to have excellent graphic design or creative skills to utilize this market from such a
perspective.

Creating your own NFTs provides an excellent opportunity to profit not only in the short term but
also over time. This is due to the fact that you can set up royalties when you create your own
NFT. What this means is that every time someone sells an NFT that you created, you’ll be
earning a percentage of the transaction amount as royalty.

The process of creating an NFT involves a method called “minting.” This term has become quite
popular in the modern-day - if you have done some research in this industry, you would have
likely noticed the term mentioned before.

In this chapter, we will take a closer look at what NFT minting is and how the process works. We
will also consider the fees that are involved in the minting process and consider the profitability
of this process.

What Is NFT Minting?

Let’s start by taking a closer look at what exactly NFT minting is. As you might have noticed
already, minting is closely related to the creation of non-fungible tokens. The process of minting
actually refers to the steps that are needed for the NFT to be created on the connected
blockchain. By minting a token, you are establishing its presence inside the blockchain. This
creates a block that is associated with the NFT you are creating - which is also how proof of
ownership is granted within the market.

We can actually compare this minting process to fiat currency. With fiat currency, there is a
physical process that governmental agencies utilize in order to create bills and coins. This is
actually carefully done to help avoid money laundering. The currency that is created in the
physical world is done through authorized facilities and goes through a special process to
ensure they are registered within the government’s currency network. This is actually a process
similar to NFT minting - but with a non-fungible token, the process is rather done in the digital
world instead of physical attributes.

The process essentially focuses on converting a file, which can be artwork or audio, into a
collectible asset in the form of cryptocurrency. The crypto asset is created on a decentralized
network - the blockchain. This means not only does the newly created block give you proof of
ownership, but the NFT or digital asset becomes permanent. There is no way to delete the NFT
once it is created, and it cannot be modified at all. These are some of the factors that contribute
to the trend that has been established within the industry.
While the cryptocurrency market focuses on providing speed in terms of transactions, NFTs can
sometimes take a short while to be created. The speed of creation depends on a couple of
factors, such as network traffic and the specific blockchain that you are using. Fortunately, in
most cases, it takes merely a few seconds for an NFT to be minted on top of a blockchain.

What Are The Fees Involved With NFT Minting?

A particularly popular question that people ask when it comes to NFT minting relates to the fees
involved in the process. It is important to understand that in a large number of cases, minting or
creating a new NFT will NOT be free. There are fees involved in the process. The specific fees
do depend on a couple of things, so make sure you understand the elements to help you make
more informed decisions.

Most platforms that allow you to create NFTs won’t have a direct charge that you need to cover.
For example, when you decide to mint your own NFT on OpenSea, the platform itself won’t ask
you to pay service fees. You also do not have to pay any fees to keep your minted NFTs inside
the local wallet on OpenSea or to list it on the platform. This is not the case with all of the
platforms out there, however. Always make sure you consider any specific listing or service fees
that a platform may charge before you decide to start minting an NFT on the system - as this
could affect the potential and profitability of the NFT you create.

Now, while most platforms won’t have direct charges involved in the process of minting an NFT,
there are some fees that you will usually need to cover - these are called “gas fees.” The gas
fee is not charged by the platform that you are looking to create your NFT on but rather
associated with the blockchain - as you need to pay a certain fee in order to create a new block
on that decentralized network. The gas fee will always be charged in the native cryptocurrency
that fuels the blockchain. For example, if you decide to mint an NFT on OpenSea, then the
block representing the non-fungible token will be created on the Ethereum blockchain. This
means you’ll be required to pay a gas fee in Ether to initiate the process.

There is no fixed price in terms of how much the gas fees will be. It all comes down to the
specific moment when you decide to mint the NFT. Several factors come into play when it
comes to determining the gas fees you will pay to create the block on the blockchain. The
amount of the native cryptocurrency, such as Ether, you will pay depends on network traffic at
the time. In addition to considering network traffic, you’ll also need to take the current price for
the cryptocurrency into account. Even when the exact same amount of the native
cryptocurrency is charged for two minting transactions, the price in your local fiat currency may
differ as the prices for these virtual currencies are constantly changing.

While you’ll need to pay gas fees in a large number of cases where you decide to mint an NFT,
make sure you take note of the fact that alternative options are also available. Here, we should
take a closer look at a blockchain known as Polygon. This blockchain was developed as a way
of creating an opportunity for more people to explore the NFT market, offering full support for
the token format needed to mint and create non-fungible tokens. By providing a gas-free
system, you can mint NFTs without having to pay these gas fees - which is a viable option for
people who are not looking to make big investments when they are only starting out. By using
Polygon as your preferred blockchain, you’ll be reducing the risks you take on if you decide to
invest your time in the process of creating your own NFTs.

How Profitable Is NFT Minting?

When it comes to minting NFTs, the primary goal is to create profit from your creations. There
won’t be much of a purpose if you decide to become a collector and only collect the NFTs you
create. With this in mind, we need to consider the profitability that minting NFTs present.

First of all, the profitability does depend somewhat on the blockchain you use to mint the NFT.
This is because you will be paying a gas fee during the minting process, except if you use a
gas-free blockchain like Polygon. When you need to pay gas fees, this could be anything
between $50 and $200 - depending on traffic and the current price of the cryptocurrency that
represents the blockchain you choose. This is a fee that you need to keep in mind when you are
trying to determine how profitable minting NFTs can be in your case.

The profitability of NFT minting will also depend on whether the NFTs you create will join the
trend or lie dormant in your own crypto wallet. Unfortunately, there is no sure way of telling
whether or not your NFTs will sell and gain value once they are minted, which also means
determining the profitability of NFT minting is seemingly impossible.

Still, there are a couple of factors you can keep in mind when trying to determine whether
minting NFTs will be worth it in your case. Start by considering your current influence in the
industry, as well as whether you have an established following on any social media platforms.
Note that this following does not necessarily need to be directly related to NFT minting - this is
where the “purpose” and “story” behind the non-fungible token come into play. When you have
established a name for yourself in another industry, you can consider creating an NFT collection
that focuses on an idea revolving around your expertise.

Let’s consider an example. In this example, you have a fitness channel on YouTube, where you
are looked at as an inspiration and expert in your field. You are now looking to create NFTs as a
way of adding an extra stream of income to your efforts. In this scenario, you could create an
NFT collection that has a strong association with what you do - maybe artwork that is related to
fitness equipment that you frequently use, or even drawings that showcases your favorite
workouts. When you release these NFTs, you can easily tap into the audience that you have
already accumulated on YouTube.

By educating your audience about cryptocurrency and NFTs in general, you can already gain
some initial interest. This is a great way to “kickstart” the process of minting your own NFTs and
creating interest - which can help to give you those initial sales you need to get your name out
there in the industry.
In this case, you may find that NFT minting and the creation of your own digital assets on the
decentralized web is a profitable option. Of course, there are no guarantees that your audience
would be keen on the idea of investing in these digital assets. In such a case, it may be harder
getting that initial boost that you need to make your NFT collection popular - which ensures the
collection of digital assets are able to gain value.

Since there are no guarantees that an NFT collection you mint will take off, it is important to be
careful when you are completely new to the industry. You might want to limit your risks by trying
to mint the NFT at different times and seeing when you are able to get the lowest gas fee.
Ideally, try to get a time where the gas fee calculates as close as possible to $50 - as the fees
can sometimes reach for prices that are much higher than $100.

You can also further limit your risks by opting for a gas-free blockchain. If you turn to Polygon,
you won’t have to worry about gas fees. This means you won’t have to pay fees in order to
create your NFT, ensuring you do not lose anything if the collection you create turns out to be
unsuccessful.
NFT Frequently Asked Questions
We’ve covered a lot of information regarding non-fungible tokens in this book. By now, you
should have a thorough understanding of what NFTs are, how they work, and the opportunities
that lie within the industry. Even though we aimed to cover the information you need to
successfully flip NFTs, there are still a few questions that you may have. If this is the case, then
be sure to take a quick look at the frequently asked questions we share below. We provide
detailed answers to help you get those final questions answered before you set out on your
journey into the world of these digital assets.

What Was The First NFT To Be Launched?

This is actually a very common question asked by a lot of people who find themselves with
interest in NFTs. People generally want to know where NFTs came from and why they became
so popular - in such a short period of time. In terms of what the very first NFT was, there is
some debate around this question. Some people do refer to earlier projects as a foundation for
NFTs, but even though there were some projects that had similarities to what we know as NFTs
today, the “original” remains an NFT known as Quantum. This NFT was minted on the 3rd of
May, 2014, and was created by Kevin McCoy.

How Are NFTs And Crypto Connected?

When looking at any guide that focuses on NFTs, you’ll also get a rundown on what
cryptocurrencies are. This is due to the direct connection that is shared between crypto and
NFTs.

To better understand this connection, it is important to understand what cryptocurrencies are

and how NFTs are created. Cryptocurrencies are virtual currencies. Unlike fiat currency, such as
the US Dollar, cryptocurrencies do not have a physical representation. There are no bills or
coins that you can use to transact with a cryptocurrency. This, however, does not mean that
cryptocurrencies do not hold any value. In fact, many of the cryptocurrencies in existence cost
thousands of dollars for one token.

Cryptocurrencies are built on top of a network that is decentralized, which means no central
controlling agency or entity exists. These networks are referred to as the blockchain. Different
blockchains exist, but the basic idea behind them is the same. Some blockchains are made to
provide greater flexibility, while others solely focus on the use of crypto tokens and coins. The
Bitcoin blockchain is a good example of a decentralized network that primarily focuses on
financial transactions. With a network like Ethereum, things are a bit different. On the Ethereum
blockchain, people are able to develop applications referred to as DeFi apps. These apps run
on the decentralized network and allow people to transact with the cryptocurrencies that are
attached to the blockchain - which, in this case, would be Ether.
NFTs are technically a type of cryptocurrency by themselves. Instead of just being a virtual
block, however, these assets are rather associated with a digital file. The digital file can be a
photograph, a piece of art, or even a song that someone produced. There are some differences
between an NFT and a cryptocurrency, however.

First of all, NFTs are, just as the name suggests, non-fungible. They are not considered mutually
interchangeable, which sets them aside from a cryptocurrency like Bitcoin. It is also not possible
to buy or sell just a part of an NFT. With Bitcoin, for example, you can sell or buy less than one
token. This is often referred to as satoshi, which is kind of similar to “cents” that we use in fiat
currency. Due to the high value of Bitcoin, many people buy or sell just a very small amount at a
time. For example, at the time of writing, 0.0001 BTC is equivalent to around $5.67.

With NFTs, the entire asset needs to be transferred at a time. There is no way to split it up into
smaller parts - such as 0.5. When you buy an NFT, the entire token is sent to your wallet. If you
sell an NFT that you currently hold in your wallet, then the entire token is sent to the buyer’s
wallet address.

NFTs still need to be built upon a blockchain and are always connected to a cryptocurrency,
however. This is where the connection comes in. If you transact with NFTs, you’ll be paying gas
fees - and these fees are billed in cryptocurrency in most cases.

How Much Profit Can You Make Flipping NFTs?

There is absolutely no guarantee that you will make a profit when you decide to flip NFTs. At the
same time, just because there are no guarantees does not mean it’s impossible to earn money
from the industry. In this book, we looked at several examples of NFTs being sold for ridiculously
high amounts - sometimes millions of dollars. This provides you with solid evidence that the
industry definitely has potential - but it’s hard to estimate where you will stand and in what
position you’ll find yourself should you decide to start flipping NFTs.

Due to the volatility in the NFT industry, it would be impossible to be completely accurate when
you are calculating the expected profits you might make. This is also where the risks come into
the picture.

Overall, it’s obvious that you can profit from the industry, but you need to look at NFTs from both
sides, and understand all elements to avoid disappointment down the line.

What Are The Different Types Of NFTs?

While the idea behind NFTs and the basis in terms of the code that runs to create the blocks are
all the same, there are a few different types of non-fungible tokens that have come into
existence in recent times. When browsing a marketplace like OpenSea, you’ll discover that
these platforms generally categorize the NFTs that are listed based on their type. By
understanding the different types, you’ll have an easier time determining where to invest your
money and what to look for while also being able to identify the types and categories that yield
the most potential at a given point in time.
While you may see quite a large variety of categories here, it is important to take a few things
into account. First of all, every category consists of NFTs that represents a block on the
blockchain - which is how proof of ownership is provided by these assets. The block is
associated with a file - and the categories generally provide a view on the type of file you should
expect to find with the NFT.

Some NFTs are rather associated with an in-game item. For example, when you buy an NFT
that is part of a collection for a virtual world, you’ll usually be presented with an in-game item
that you can download or use. Of course, a graphic file will be attached to the NFT - which gives
you a good idea of what you should expect inside the game or virtual world.
Wallets With ERC-721 (NFT) Compatibility
A wallet is an essential tool that you need if you are planning to enter the NFT market. These
wallets, generally referred to as Crypto Wallets, focus on giving you the ability to store your
crypto coins in a secure way. A wallet generally consists of a special key that is made on your
local device, which also allows the same wallet to be imported and used on other devices -
given that you ensured you made a backup for the security keys beforehand.

While the number of wallets available for cryptocurrencies was significantly restricted during the
earlier stages of the industry, there is an endless selection of these tools available right now.
Even though a large number of crypto wallets are available, it is important to understand token
compatibility when looking at the NFT market in particular.

Cryptocurrencies can be developed to follow different token standards. For example, the
Ethereum blockchain itself was developed to provide support for ERC-20 tokens. Later on, new
token standards were developed, many of which have already been integrated in the Ethereum
blockchain. NFTs are created to be non-fungible, and the standard ERC-20 token is not
compatible with this type of digital asset. Thus, a new token standard was developed to provide
a more appropriate solution for the storage and creation of non-fungible tokens - whether it is a
piece of artwork, an in-game item, or a music track.

When looking at a wallet that you can use for the purpose of NFTs in particular, you need to
ensure you look for ERC-721 compatibility. In some of the newer blockchain technologies, other
token formats, including ERC-1155. If you choose a wallet that is not compatible with the NFT
token standards, you may end up with problems when you are trying to connect to an NFT
marketplace and flip these assists.

This is why we decided to take a closer look at wallets that provide support for NFTs. There are
quite a few of these wallets available, but we will focus specifically on the more popular ones
that have gained support from millions of people in the past few years.

MetaMask
Of course, we have to start this list with MetaMask. If you have taken a closer look at all of the
information, we have shared. Thus, you already saw the name “MetaMask” mentioned multiple
times. MetaMask is currently considered the most popular wallet for NFT collectors, flippers, and
creators. The wallet makes it super easy to collect NFTs and hold all of these tokens in a central
location.

A particularly useful feature from MetaMask is the fact that the wallet uses a browser extension
for Google Chrome. Once installed, you can create a local wallet for free, and then connect it to
other devices - including your smartphone. The smartphone app for MetaMask is available for
iOS devices, as well as smartphones that are powered by the Android operating system.
MetaMask has expanded significantly over the years. While the company and developers
behind the digital wallet still have a number of features to implement, the functions already
added to the wallet provide a wide range of opportunities for all areas of the NFT market.

The wallet can connect to a number of different networks. In addition to the main Ethereum
network, the wallet also provides compatibility with Binance Smart Chain, as well as several
testnets, which are often utilized by developers looking to expand on their offerings. After
creating a wallet on MetaMask, you’ll find that an ETH balance shows up - the balance will be
0.0 ETH following registration. In addition to Ether, you can also add other coins that follow the
same token protocol as the current blockchain network that the wallet is connected to.
Alternatively, you can connect to other networks if you wish to add coins from another
blockchain network that are not compatible with the main net.

Coinbase Wallet
MetaMask is not the only wallet that provides compatibility with ERC-721, ERC-1155, and
related token formats. Another very popular wallet is called the Coinbase Wallet. As you might
have already guessed, this wallet is directly connected to the Coinbase platform - an exchange
system that focuses specifically on cryptocurrencies.

Coinbase is currently considered to be one of the biggest cryptocurrency exchanges that exist.
The platform is trusted by millions of people and used as a way of exchanging between multiple
cryptocurrencies on a daily basis.

The Coinbase wallet was developed to provide a local storage solution for people who need a
way to keep their cryptocurrencies safe. The wallet itself provides support for a greater variety of
tokens and coins compared to the main Coinbase platform - which adds to the overall versatility
the user obtains when they opt for this particular wallet.

Another beneficial factor that comes with Coinbase Wallet is the connection the platform has to
the main Coinbase system.

If you decide to use Coinbase Wallet, it’s a good idea to start the process by creating your own
Coinbase account first. This is done directly on the main Coinbase platform - not the Wallet app.
When you create an account there, you’ll have an opportunity to easily buy and sell
cryptocurrencies. The platform itself also gives you access to trading tools, which can further
expand your opportunities. Our focus here, however, is on how the system can be helpful in
your journey with the NFT market.

After creating a Coinbase account, make sure you follow the appropriate verification steps. This
way, you’ll ensure that there are no bumps down the road - such as a request for verification
when you are trying to make your first transaction.
The next step is to set up an account on Coinbase Wallet. This will create a wallet with the
security key stored on your local disk. Take note of the security phrase that you are provided
with during the wallet configuration - this phase will help you gain back access to your wallet
should you ever lose your device or need to format your computer.

The final step is to create a connection between Coinbase and your Coinbase wallet.
Fortunately, this is pretty much straightforward. Simply visit Settings and choose to connect to a
Coinbase.com account. This connection will greatly expand your options when it comes to
buying NFTs and selling them. Once you connect your Coinbase wallet to your main Coinbase
account, you can follow a specific series of steps to get crypto into your wallet and then use the
crypto to buy NFTs.

The first step is to buy cryptocurrency on Coinbase.com. Make sure you consider the NFTs that
you want to invest in. These should correspond with the cryptocurrency that you are going to
buy. For example, if you decide to use the OpenSea platform, then you’ll be focusing on tokens
created on the Ethereum blockchain. This means you’ll need to buy Ether on Coinbase.com, as
this will be the standard cryptocurrency used to transact on OpenSea. Coinbase.com makes the
process of buying cryptocurrency very easy - you can use either a credit or a debit card in the
process. You can also choose to buy USD Stablecoin and then convert it to Ethereum afterward.
USD Stablecoin is a crypto coin that has a 1:1 ratio with the US dollar. This means one USD
Stablecoin will always be valued at one US Dollar.

After this process, you’ll sign into your Coinbase wallet and choose to transfer funds from your
Coinbase.com account. Transfer the appropriate amount of Ether that you wish to invest in your
NFT portfolio. Following this process, you now have a Coinbase wallet that contains the ETH (or
another cryptocurrency) that you can use to buy NFTs or pay gas fees in the creation of your
own digital assets.

At this point, all that is left to do is to connect your Coinbase wallet to the NFT marketplace that
you will be using. The wallet also comes with a built-in browser, which allows you to explore the
latest additions to the world of DeFi apps. This includes a selection of digital assets that are
created and sold as NFTs. You can even sign into websites directly on the browser that comes
built into the Coinbase Wallet app - given that you are using the app on your mobile phone.

Fortmatic
Another great wallet service is Fortmatic. This wallet also provides compatibility with all major
NFT token standards but takes somewhat of a different approach to the process of creating a
wallet and accessing your funds. The idea behind Fortmatic is to create a wallet system that
offers easier access, with no long strings or codes to remember. Instead, the platform uses your
email address or a mobile phone number to create an account.
While there have been some security concerns when looking at wallets that allow you to create
a digital wallet hosted in a cloud environment, note that Fortmatic uses state-of-the-art security
systems to help safeguard all of your funds. A wide range of security-compliant services and
technologies are used to ensure your wallet is inaccessible without appropriate authorization.

When you decide to sign up for a wallet, you’ll need to visit the official Fortmatic homepage.
From here, click on the “Wallet” menu item, then “Continue”. You’ll now be asked whether you
wish to sign up with your email address or rather your phone. Choose the option that is most
appropriate for you. Many people choose their phone number as this makes the process of
two-factor authentication a bit easier, but using your email can also be ideal.

If you decide to use your phone, make sure you choose the correct country code, or you won’t
receive the PIN the platform sends you via SMS.

You will need to verify your account during the registration process. You’ll receive either an SMS
or an email with a six-digit code. Fill in this code on the website, then proceed. Create a strong
password - and be sure to make a backup of the password to ensure you do not forget it.

At this point, you can configure a few security factors - such as two-factor authentication, your
PIN, add an email address, and export your private key. It is definitely a good idea to go through
each of these steps before you start using the wallet. These steps are provided as a way of
enhancing the overall security you get when using Fortmatic in your NFT wallet.

One important factor to note is that the mobile app seems to have more features compared to
the web app. The company keeps the web app simple, as the purpose here is to give you an
opportunity to buy crypto (ETH), send crypto, and connect to compatible NFT marketplaces.
When you sign into a platform, such as OpenSea, using your Fortmatic wallet, you’ll be asked to
enter the email address or phone number you used to create the account. At this point, you
simply need to add your password and, if you decide to set up 2FA, you’ll also need to
authenticate the connection using the Fortmatic mobile app.

WalletConnect
WalletConnect was developed to become a standard in the industry. The company behind the
wallet focuses on creating a web3 app that is easy to use, while also providing a way to utilize
dapps to their full potential. The platform was developed with both the user and the developer in
mind, allowing for various opportunities and the expansion on current technologies within the
cryptocurrency industry.

It’s actually very easy to use WalletConnect, and one of the major factors that really sets this
wallet aside from others is the wide compatibility it offers. Many wallets, as you might have
noticed, focus on providing compatibility with only a single or a very limited selection of
blockchains. With WalletConnect, however, you get universal compatibility with any type of
blockchain. The wide token support on this wallet also means you can use it with any dapp,
regardless of the tokens used in the dapp or the blockchain it is built on.

Due to the extensive SDK that is used by WalletConnect, apps that use the wallet can also offer
greater flexibility - such as the ability to easily connect between multiple devices using
something as simple as a QR code.
This is also where things change for this particular wallet. WalletConnect isn’t a singular wallet
by itself. Instead, it serves as a layer between a platform, such as OpenSea, and the wallet of
your choice. This allows greater flexibility, giving you the ability to connect to OpenSea and
other marketplaces even when you are using a wallet that the platform isn’t generally
compatible with.

Some of the wallets that are currently compatible with the WalletConnect platform include:
● Rainbow wallet
● Trust wallet
● MetaMask
● Argent Wallet
● imToken
● BitPay
● MathWallet
● TokenPocket
● Pillar Wallet
● Crypto.com DeFi Wallet
● Gnosis Safe Multisig
● ONTO

There is also a significant selection of dapps that the WalletConnect platform is compatible with
- including some of the major players in the NFT marketplace industry. These include OpenSea,
Zapper, Rarible, and more.

By turning to WalletConnect, you can have a central space where your connections are
managed. This makes the process of tracking certain aspects of your cryptocurrency accounts
easier - while also allowing you to have a central hub for monitoring transactions and the history
of your account. The universal compatibility between dapps, wallets, and related technologies in
the cryptocurrency industry helps you expand your opportunities as well while keeping the
number of accounts you need to manage to a minimum.

When you first land on the official homepage that represents WalletConnect, you may feel that
the platform has a large focus on developers. While this is true, simply click on Register to start
exploring the options that the platform provide to those individuals who are looking to enter the
NFT market from the consumer’s side.
Best NFT Marketplaces And Platforms
Throughout this book, we have shown you what NFTs are and how they work, while also
discussing the opportunities that the market holds. While we did mention a few marketplaces
that can be used to create, store, buy, and sell NFTs, we didn’t go into too much detail - as up to
this point, the goal was to help you better understand how flipping NFTs work. In this chapter,
our view will focus specifically on marketplaces that you can utilize throughout your journey.

What Is An NFT Marketplace?

An NFT marketplace is actually just as the name sounds - it is an online store that allows you to
browse through different NFTs that were listed by people. These marketplaces bring creators,
collectors, and investors together in order to create a community where people can perform
various interactions, with NFTs at the center.

A marketplace will usually allow you to both list an NFT for sale and buy an NFT that was
posted by another person. Some also provide additional functions - which is something you
should look at when choosing the right platform for your NFT flipping and investment journey.
The ability to create an NFT directly on the platform will always be very useful. This way, you
won’t have to visit a different platform to create an NFT and then transfer it over to the
marketplace - this type of process can actually result in higher costs, as you will likely need to
pay fees when transferring the NFT from one wallet to another.

Many marketplaces will also have analytical features, stats, and other pages that help you find
opportunities to invest in on the platform.

Which Marketplace Should You Use?

NFTs are still somewhat “fresh” on the market, but they are gaining popularity very fast. Even
though there is still somewhat of a limitation in terms of marketplaces you can use to buy and
sell NFTs, the already-growing list does make the process of choosing the right platform difficult.

When you are looking for the right marketplace to utilize, there are a couple of things you can
look at and keep in mind. This will help you filter through different platforms and choose one that
will keep the security of your funds a priority while also giving you access to the opportunities
you are looking for.

Some of the things that you should keep in mind when you are considering multiple
marketplaces:
 ● Blockchain: Make sure you start the entire process by considering the blockchain you
prefer when it comes to creating, buying, and selling NFTs. While Ethereum is currently
the biggest blockchain that provides support for the NFT token format, other options are
available. Explore your options and choose a blockchain that is suitable for you. Once
you know which blockchain you want to focus on, look for a marketplace that provides
support for this particular decentralized network. This way, you won’t run into issues later
on when you try to buy or sell an NFT.
● Wallet Support: In addition to considering the blockchain you prefer to use, make sure
you take your wallet preferences into account as well. There are quite a large variety of
wallets that you can use when dealing with NFTs - so carefully choose one that is
suitable and won’t cause you to end up with security issues. When you have chosen a
specific wallet, you need to make sure the marketplace you use provides support for the
specific wallet. If the platform does not support your wallet, you will need to do consistent
transfers when you are trying to list NFTs or buy digital assets currently available on the
marketplace.
● Reputation: The reputation of the marketplace is another factor that you need to keep in
mind. Many of the marketplaces are still very young, which can make it difficult to
determine not only the potential presented by the platform but also potential risks. Do
some research about the platform. While the marketplace may list reviews on its own
website, make sure you take the opinion of people from other sources into account too.
Take a look at Reddit, Twitter, Facebook, and even blog posts. There are many experts
in the industry that frequently provide details about NFTs and the marketplaces that can
be used to buy and sell these digital assets. Try to ensure the marketplace is trusted
among professionals before you decide to list any NFTs.
● Functions: The functions that the platform offers should also become part of your
decision-making process. You should carefully consider what exactly the marketplace is
able to offer you. If you are interested in being a creator or think you may consider
minting your on NFTs at a later date, make sure the platform allows you to do so. This
reduces the need for accounts on multiple websites, which can become time-consuming.
● Fees: Another thing to look at would be any fees that are associated with using the
platform. There are several platforms that won’t charge you fees to list an NFT, but you
may still need to pay a gas fee, depending on the blockchain used and the type of
transaction you are initiating. Try to opt for a platform that won’t charge you several fees,
as this will affect your ability to profit in the process.

These are some of the most important features and elements to consider when you are
choosing a specific marketplace to use on your NFT journey. As you gain more experience in
the market, you’ll eventually learn about the smaller details that really make a difference in the
end. This will help you re-evaluate the marketplace you initially chose to buy and sell NFTs on,
allowing you to determine whether moving to a different one could be a good choice.
Best Marketplaces To Consider
Now that we have taken a closer look at a couple of elements that can help you choose a good
marketplace for NFTs, it is time to also consider the marketplaces that are currently available.
While there are quite a few already, some of them simply do not meet the expectations that
people generally tend to have when it comes to minting, creating, buying, selling, and
performing other transactions using NFTs.

Our experience has shown us that there are really only a few marketplaces worth the effort.
These are the marketplaces that are easier to use, professionally developed, and capable of
helping you be successful in the process of flipping NFTs. Let’s take a closer look at some of the
marketplaces that we prefer when we dive into the NFT market.

OpenSea
We have mentioned OpenSea several times in this book - and for a good reason. This was
actually the very first marketplace that came into existence with a specific focus on NFTs. Even
today, while several others have emerged too, OpenSea remains a popular and preferred option
among the NFT community. This is why we decided to cover OpenSea first. It is a
beginner-friendly option that even provides ways of entering the market without investment from
your side. Of course, this comes in the form of the support offered for the Polygon blockchain - a
gas-free system that makes it possible for artists and creators to mint NFTs without paying gas
fees.

OpenSea is a simple platform that even professionals in the industry rely on. The simplistic
layout of the website means browsing through the large variety of digital assets is easy. There
are also numerous tools that you can take advantage of in order to discover excellent
investment opportunities when your aim is to flip NFTs.

Since we have talked about OpenSea and even provided guides on this platform throughout the
book, we won’t go into too much detail here. If you decide to utilize OpenSea, be sure to follow
the guides we shared to help you understand how the platform works.

Just one note - OpenSea is not just a platform for flipping NFTs. You can use this platform as a
creator too - simply connect your wallet, create a collection, and then start adding your NFTs.

AtomicHub
The next marketplace we want to look at here is called AtomicHub. This particular platform does
not have as much recognition compared to OpenSea, but it is important to note that it is still a
relatively new player in the market. Even though relatively new, more than 71 million NFTs have
been created on AtomicHub, making it a fast-growing platform for artists, collectors, and
investors alike. There is quite a large focus on the use of NFTs as a gaming mechanism on
AtomicHub, which means it is also the ideal platform for people who enjoy playing games.
The platform also features a clean design to ensure browsing and using its functions is not
overly complicated. There are several opportunities that you can explore too.

Once you land on this platform, you’ll notice that the main idea revolves around collectibles.
This includes collectible cards, characters, coins, game items, and many more. Due to the fact
that the gaming industry is HUGE, the idea presented here works really well - but you still need
to keep the tips we shared in this book in mind to ensure you do not make hasty decisions that
you may regret later on.

One excellent feature that you will notice is the company provides live stats of the platform
directly on the homepage. This allows you to see what is going on - as you can see in the
screenshot above. With more than 47,000 sales done during the day (at the time of the
screenshot), it becomes obvious that this platform has become exceptionally popular.

If you take a closer look at the top menu bar on the AtomicHub website, you’ll notice that you
can explore the current NFTs that are available, as well as participate in trades. Additionally, the
platform also allows you to create your own NFTs, which makes it a multipurpose solution for
creatives and investors alike. As an investor, you can also choose to utilize the platform as a
way of creating your own NFTs - which can be easily done by hiring someone on a platform like
Upwork, Fiverr, or Freelancer.

The first step to using AtomicHub is to connect your wallet, similar to the process you need to
follow with other NFT marketplaces. To do this, you’ll need to click on the “Login” button - you
can find this button at the top right corner of the website.

You’ll notice that the wallets supported by the platform are quite limited, so carefully consider
what wallet you wish to use with AtomicHub.

Now, if you have followed the guidance we provided, you likely do not have a WAX Cloud Wallet
at the moment. Since you are new to the industry, try to keep things simple and opt for the
easiest solutions whenever you can - in this case, it means using the WAX Cloud Wallet instead
of having to turn to external tools.

If you click on “WAX Cloud Wallet,” you will be given a popup that asks you to sign into your
wallet account. If you don’t have an account yet, simply click on the “Sign Up For Account” at
the bottom and follow the instructions provided to you. You can also click on one of the icons at
the very top of the popup in order to create an account using one of the following accounts:
● Facebook
● Discord
● Google
● Steam
● Talk
● LINE
● VK
● Reddit
● Twitch
● Twitter
It’s free to open up a new WAX Cloud Wallet account and there are no initial gas fees that you
need to pay. You simply need to accept the Terms of Use and confirm that you are over the age
of 18 to complete the registration process.
Once your account is created, you’ll be asked to authorize the connection between your Wax
Cloud Wallet and the AtomicHub platform. Approve this connection to proceed, and this will
allow you to sign into the system.

At this point, you won’t have a balance in your wallet - but this can be fixed easily as it’s
generally a straightforward process to do a top up for your WAX wallet. The native currency for
the platform is known as WAX, which you will be using to buy and sell NFTs.

Note that AtomicHub will automatically generate a username for you. This is the username that
will appear on your profile, as well as any NFTs that you wish to sell on the platform.

By clicking on the “Explorer” link, you’ll gain access to the NFTs that are currently trending on
the platform. There are a couple of categories to choose from, which allows you to explore and
navigate the different types of NFTs that are available on the platform.

In addition to being able to see all of the assets that are available, you can also choose to only
see assets, templates, schemas, or the collections that are currently trending on the
marketplace.

As mentioned previously, you can use this platform as a creator too. The process of creating
new NFTs is quick and easy - but there is one particular factor that you should keep in mind.
The process of creating an NFT on the platform works somewhat differently compared to a
marketplace like OpenSea. When you visit the “NFT Creator” page, you’ll see what we mean.
You’ll notice that there is a bar that reads “RAM” at the top - as shown in the screenshot above.
AtomicHub uses this as a way of allocating you the resources needed to create new collections
and mint your own NFTs. You’ll be allocated a small amount of RAM when you sign up for the
first time. After this, however, you’ll need to buy more RAM if you wish to continue publishing
your own NFTs on this decentralized network. Fortunately, buying more RAM seems to be
relatively affordable - so you’ll still be able to keep your costs relatively low while minting NFTs
at AtomicHub.

There are numerous settings that you can adjust when you create a new collection. These
collections work in the same way as what you have already seen on OpenSea. All of the NFTs
that you decide to mint need to be part of a collection. Thus, the process of creating your own
NFTs on AtomicHub starts with the creation of a new collection - click on the button and fill out a
few fields to get started. You’ll also need to upload a cover image for the collection in order to
publish it. As we have stated previously, you do not necessarily require graphic design skills or
expertise to do this. Simply head over to Canva.com and create the cover graphics by utilizing
the templates provided to you. You can also hire a designer from Fiverr or another freelancing
platform if you do not wish to create the graphics yourself.

AtomicHub provides extensive documentation on its official website. This is a great starting point
when you are completely new to the platform. Make sure you carefully read through the
documentation to learn how everything works, as this will help you get acquainted with the
process of creating, buying, and selling NFTs in the marketplace. The company is also active on
various social media platforms, including Discord and Twitter - so be sure to follow them to
ensure you stay updated with the latest news from the platform. Since they frequently share
details of new NFTs on these channels, you’ll be able to utilize the expertise of the people
behind AtomicHub to identify digital assets that are showing a lot of potentials.

Rarible
We really can’t provide an overview of marketplaces for NFTs without taking note of Rarible.
This platform has become well-known within the NFT community, especially for people who
want to profit from flipping. Rarible’s name really describes what the platform is all about - the
entire system was developed to focus on exposing some of the rarest NFTs that are currently in
existence. The marketplace has some similarities to platforms like OpenSea, but only lists a
selected number of assets to ensure you can take advantage of the “rarity” factor that are
generally associated with these digital assets.

As with the majority of the other platforms that exist, you can create an account on Rarible
without having to pay any fees. The only time you will be expected to pay anything would be in
cases where you decide to buy an NFT. The sale process may also hold charges, as there are
gas fees that need to be covered. The specific amount will depend on the blockchain used by
the NFT, as well as the current network status.

Rarible offers various tools and functions that can help you find the perfect NFT for your
investment purposes. When you land on the homepage of Rarible, you’ll already be able to
discover some of the rarest and most trending NFTs that are currently available on the platform.
Take full advantage of this factor - look at the NFTs that are currently featured while also
scrolling down to see the top collections and the hottest bids for the current time. By taking a
closer look at these sections, you’ll be able to discover NFTs that are trending - and that means
these non-fungible tokens are almost certain to take off and gain further value in the future, even
after the sale.
Rarible provides support for a number of wallets, which adds extra versatility. The most popular
wallet used to create an account on the platform is MetaMask, similar to many of the other
Ethereum-based blockchains that are currently in existence. Apart from MetaMask, a large
selection of alternative wallets are also available. This includes Torus, Blocto, Portis, Coinbase,
MyEtherWallet, and Fortmatic. Apart from these, note that the platform offers support for various
mobile wallets too, which gives you an opportunity to browse, buy, and sell NFTs from a
smartphone device.

When you sign in with your wallet for the first time, you’ll need to agree to the terms and
conditions of the platform. After agreeing, you’ll be signed in and can start working on your
profile. Apart from allowing you to buy and sell NFTs, note that Rarible also provides an
opportunity to create your own NFTs on the platform. This is a great option if you are planning to
create your own NFTs. Note that you do need to consider the rarity factor that comes into play
with this particular platform. When setting up your own NFT, make sure there is a properly
structured story behind it while also focusing on providing excellent graphics to accompany the
token. The rarity factor associated with the NFT you create is one of the most important
elements that you have to keep in mind.

Creating NFTs on Rarible does not cost any service or listing fees, but you will need to pay for
the gas fee to create a block for your token in the blockchain. Since different blockchains are
supported by Rarible, the gas fees depend on the specific blockchain you are creating the NFT
on. Other factors also come into play when looking at the gas fee - such as the amount of traffic
and transactions that are currently being executed on the blockchain.

The platform also gives you access to Explorer, where you can take a look at NFTs in different
categories. You can see the featured items at the top of each list, allowing you to see which
NFTs are the most popular options at any point in time. One particular factor that we also enjoy
about Rarible is the fact that they have categories in “sale type.” This allows you to easily filter
through NFTs based on the type of sale you prefer. With this feature, it’s incredibly easy to find
auctions, as well as buy now options that won’t have any waiting time before you know if you
won the auction. With a buy now option on the platform, it also means the value of the NFT
won’t increase during the sale period - making it easier to understand exactly what to expect in
terms of how much you’ll be paying for the NFT.

NFTICALLY
NFTICALLY is another major player in the NFT market. What makes this particular platform truly
stand out in the market is the fact that the developers behind the system focus on simplicity. By
making things as easy as possible, the platform provides an appealing option for people who
are completely new to the market. Another factor that makes the platform quite unique is the
fact that users are given an opportunity to create their own store on the NFTICALLY
marketplace, instead of just listing their own NFTs or flipping these digital assets.
The company developed a platform that uses a three-step system to help creators get started.
Here’s a quick overview of the three steps:
1. Start by connecting your wallet to the platform.
2. Configure your own NFT store on the platform.
3. You’re ready to start selling, with a range of tools provided to help your store grow.

By providing compatibility with all of the major wallets that feature ERC-721 token support, you
also gain more versatility when choosing which wallet you wish to use with this platform. Of
course, the platform provides compatibility with MetaMask, as this particular wallet has become
a go-to option for people who are interested in the NFT market. In addition to MetaMask, you
can also use Fortmatic and Walletconnect in order to create your store.

Apart from providing multi-wallet support, it is also important to note that NFTICALLY provides
support for three of the biggest blockchains that are currently utilized in the NFT industry. This
includes Ethereum, Polygon, and Binance Smart Chain.

The guidance provided by the marketplace is another factor that helps newbies get into the NFT
industry. You do not require any type of technical experience or expertise when you decide to
set up shop on the platform. Note that while a large number of the features you find on
NFTICALLY are geared toward creators, as well as enterprises that wish to create and sell
NFTs, there are several functions you can use to flip NFTs as well.

Even when you are planning to flip NFTs and not participate on the platform as a creator, you
should still create your own store on the marketplace. This will allow you to store the NFTs that
you buy from existing creators on the platform. Once you have bought an NFT on NFTICALLY,
you can then list it for sale in the store you created.

There are several functions that NFTICALLY offers to help you grow your store on the platform.
This includes a selection of third-party tools and integrations that can be utilized as a way to
improve the appearance and performance of your store. Some of these integrations help you
gain access to advanced analytical tools, which can be used to optimize your listings and the
store in general. While these may feel like more advanced features, once you start flipping
NFTs, you’ll quickly start to build up expertise. As you gain experience, you can start to explore
additional strategies that you can use as a way of enhancing your store’s presence, the
popularity of your NFTs, and get more sales for your listings.

The platform features a built-in payment gateway that makes the process of buying and selling
cryptocurrencies easy. This is useful when transacting with NFTs. By utilizing the built-in
payment gateway, you can easily use your credit or debit card to convert fiat currency to an
appropriate cryptocurrency. Once converted, the cryptocurrency you now have in your wallet
can be used to pay gas fees and other costs that are associated with the NFT flipping process.

If you decide to use this platform as a way of creating your own NFTs, then you can also set up
commission fees as well as royalties. This gives you the ability to create a passive income
stream, as you’ll earn royalties with every sale made - even when you are no longer the owner
of the NFT you created.
Best Tools For Finding NFTs To Flip
When looking at the NFT industry from a flipper’s and investor’s point of view, there is a major
benefit that comes into mind. As the industry becomes more popular, companies are releasing
APIs and other tools, which are then used by developers to create useful tools for people who
wish to invest in NFTs. Of course, this is where you come in. You are looking to invest in NFTs
and then, later on, sell them for a profit - and that means you need a few tools to help you make
the right choices.

With many tools on the market now to help people get a better view of the potential and current
opportunities within the NFT market, it is important to know which of these platforms are the
more appropriate options to invest in. Without doing research or knowing where to turn, you
might end up paying fees for a tool that can’t give you any useful information.

Through our experience, we’ve come to find that certain tools in the NFT industry tend to be
more useful than others. This is why we decided to set up a chapter dedicated to the tools that
are currently available. We will focus on providing a description and overview of the tools we
have found to be exceptionally useful, while also giving you an explanation of what each tool
can do for you. Carefully consider what your preferences are, as well as whether you prefer free
or paid tools. This way, you’ll be able to filter through the tools we discuss and look at the ones
that could hold the potential you are looking for.

Zerion
The very first tool on our list is called Zerion. This particular tool is still a relatively new addition
to the market, but it is important to consider the fact that NFTs have only recently started to
really take off - so you’ll notice that many of the best tools on the market today are relatively
new.
Zerion is actually a bit different compared to some of the other tools that focus on NFTs. It is
rather described as a DeFi portfolio management solution that allows you to monitor and track
assets that are related to decentralized applications. This, of course, would include NFTs, which
are tokens generated on decentralized blockchains.

The platform itself features a very clean appearance, which adds to its ease of use. This is
actually a particular factor that people often overlook when they consider NFT tools or any type
of portfolio management system that can help them keep track of their investments. By offering
a streamlined, simple platform, you’ll have an easier time learning where everything is and how
the various features of the system work.

Zerion offers a three-in-one platform design. One of the key benefits that come from an account
on the platform would be the management features. You can easily import the assets you
already own into the Zerion platform. You then have the ability to keep track of various metrics
related to the asset, which can be helpful when you are trying to find that sweet spot to set up a
sale for the NFT.

Apart from providing you access to a portfolio management system, you can use Zerion as a
way of exploring current opportunities in the DeFi market, as well as an investment tool. Zerion
gives you access to an explorer that lists the latest apps, NFTs, and other assets that you can
use to invest in. As you buy assets on the marketplace, they are automatically imported into
your portfolio directly on Zerion, which then allows you to keep track of everything in one place.

If you prefer a tool that gives you everything you need to be successful with NFTs and related
DeFi apps, then Zerion might be something to try out. The process of starting out on the
network is also relatively easy. Start by connecting your wallet to the platform from the
homepage.

By default, Zerion provides compatibility with seven popular wallets. In addition to these wallets,
you can also use the ESN address of other wallets if you do not use one of these. After
connecting your wallet, you’ll be directed to a dashboard where you can start utilizing the
functions offered by the platform.

You can choose between different payment options for depositing funds into your account. This
is a useful function if you wish to utilize Zerion as a way of buying assets in addition to
managing your portfolio. The specific payment options available to you will depend on a few
factors, with your locality being an especially important element.

From this dashboard, you’ll be able to explore quite a large variety of tools - allowing you to find
investment opportunities, see what assets are trending, and even buy crypto directly. Once you
have bought crypto, you’ll then be able to use your virtual currency as a way to buy NFTs and
other assets that are listed on the Zerion marketplace.

Since this is a very new platform, you’ll find that the opportunities presented to you are currently
quite limited. This, however, does not necessarily mean the tool does not have any potential.
Getting in early with a tool like this will often expose you to greater opportunities compared to
those who only register an account once the platform is more established. Of course, the fact
that the platform is still at an early stage does mean it comes with risks - which is why limiting
your investments can be a good idea but still give you the ability to get in earlier.

NFTBank
When it comes to popularity, NFTBank definitely has made quite a name for itself. This platform
is also one of the more established tools in the NFT industry right now and continues to expand
on its offerings. There is also a significant number of individuals interested in flipping and
profiting from NFTs who actually take advantage of the functions offered by NFTBank.

The platform is essentially a portfolio management tool that takes care of everything you need
to manage the portfolio of NFTs you currently own. One thing that really sets NFTBank aside
from some of the other platforms is the fact that the system was developed with everyone in
mind. It does not matter your current level of experience; you are able to utilize the services and
functions that the platform has to offer.

NFTBank provides real-time data with daily updates to your portfolio. This is another powerful
feature that you can utilize, and you’ll find it incredibly useful as you gain more experience in
this industry.
NFTBank describes its portfolio management system as being smart - and with a good reason.
The thing is, the system does not only allow you to import NFTs and show your performance
over a certain period of time. It actually does more than this - the system allows you to discover
new NFTs, while also giving you an overview of NFT prices that are closely related to the ones
you already have in your portfolio. This means you’ll be able to determine the potential yielded
by your own NFTs at any given time, giving you the ability to identify that perfect moment to set
up a sale.

The signup process consists of three simple steps that help you get a profile up and start
managing your portfolio immediately. The first step is to choose your preferred signup process.
You can choose to sign up by connecting your wallet. Alternatively, you can also use your
Google account, Discord account or manually enter your email address and a password to
configure an account for yourself.

Since the focus here is to ensure you are capable of managing your NFT portfolio, it’s definitely
a good option to sign up using your wallet. The process is also quick and easy when you use a
wallet since this will already authorize NFTBank to import your current portfolio.

NFTBank is actually compatible with wallets that run on different blockchains, which is beneficial
for people looking to greatly expand their current portfolio. When you connect your wallet for the
first time through the signup process, you’ll be asked to enter a nickname. This is up to you. In
our example, we use the same nickname/username we used on the OpenSea platform to keep
things simple.

Once you have completed the initial setup process, you’ll be presented with a dashboard that
shows the current assets you hold in the connected wallet. Of course, you’ll also be able to
connect additional wallets to the system, which is useful for people who expand their portfolio
beyond just one wallet or blockchain. Be sure to connect all of your wallets to get a better view
of your entire portfolio while also ensuring any suggestions or notifications provided by the
system are appropriate toward your collection.

At this point, you can start monitoring the progress of your assets and even use personalized
analytics to help you decide when you should sell. In addition to this important function, the
Explorer menu item on the platform gives you the ability to find pricing information and statistics
related to popular NFTs. If you are looking for more tools that will help you find NFTs to invest in,
then the Explorer section on NFTBank can be helpful.

You can choose between different blockchains when you decide to use the Explorer platform at
NFTBank. This is useful if you have a specific wallet that you use, and you prefer not to expand
to other blockchains. Additional filter options are also available, which can be used as a way to
filter down to a more limited selection of NFTs that you may uncover as investment
opportunities.

While using the Explorer, note that this can be used as a way of determining the current
potential value of your own assets too. If you have NFTs in your possession that is part of a
specific collection, then use the Explorer function to search for the collection. You’ll be able to
see what the current value of the NFTs in the collection is, which gives you an idea of current
trends. By looking at the history function of these NFTs, you also give yourself the ability to
identify opportunities - this could relate to a situation where collection-specific NFTs that are very
similar to the ones you own suddenly start to take off. With this type of data at your disposal,
timing with your flipping actions can become more accurate - which essentially translates to
more profits.

Etherscan
Sometimes, the simplest or even oldest of tools remain some of the most useful when it comes
to helping us gain more valuable data on our investments. Unfortunately, people often tend to
overlook some of these tools, rushing to find the latest invention on the internet to help them
track, manage, and explore their own portfolio.

Etherscan is one of these tools that are actually very helpful, yet many people fail to actually
utilize the tool when they are doing research in the NFT industry. Remember that a majority of
the NFTs that are currently in existence use Ethereum as the base blockchain. A common
reason why many people overlook the role that Etherscan can play in their journey is due to its
function. Etherscan is mostly used as a verification system, allowing people to verify the
existence, security, and transactions related to a specific block on the Ethereum blockchain.
This may be related to your own block or one owned by another person. Of course, an NFT is a
token that is represented as one of these blocks, which means this particular asset can also be
tracked and monitored on the Etherscan platform.
First of all, yes, Etherscan is definitely not the easiest or most user-friendly platform that you can
use as a way of conducting research. The truth is, for a newbie, the platform may look
exceptionally complex. There are several statistics, prices, charts, and other complex data
displayed on the homepage of the Etherscan platform.

In reality, Etherscan is not as complex as it may seem when you open the platform up for the
first time. The main factor that you need to take into consideration here is to learn more about
the platform and take things one section at a time. You will also not need to consider all of the
elements that are listed on the homepage, as the idea here is to do research on NFTs
specifically.

If you followed the guide from the start, then you already know that NFTs, or non-fungible
tokens, use a very specific token format in their creation. While some platforms are starting to
experiment with other token standards, ERC-721 still remains the preferred format for the
majority of NFTs that are created. If you take a look at the menu at the top of Etherscan, you’ll
find a couple of options to choose from in the top right corner. Highlight “Tokens,” and you’ll be
able to limit the data shown on the page to a specific token standard. Here, you can see you
can filter NFTs, or ERC-721 tokens, to the latest transfers, as well as the top-rated ones.

The “top” list will show you the ERC-721 tokens that had the most trades for the current period -
which utilizes data related to both of the past 24 hours as well as the last three days. Additional
filters are available for those who need more control when they are doing research on NFTs,
collections, and related factors.

You may be asking - how does this data help? The truth is, you can actually use the data to
identify two opportunities:
 1. By looking up data related to a specific NFT you already own, you can see how other
assets in the same collection are doing. This lets you see how many sales are
conducted within the collection on a daily day. With this data, identifying times when you
should consider selling your NFT can be easier. As the number of sales continues to
increase, you can carefully consider each of the NFTs, while also seeing the total
transfers done in both 24-hour and three-day timeframes.
2. The platform can also be useful for identifying investment opportunities. When you notice
a specific NFT collection is experiencing a significant increase in the number of daily
transfers, it may showcase an opportunity for short-term investment and profit.

If you plan on utilizing Etherscan to help you profit from NFTs, it is a good idea to create an
account for yourself. This way, you can easily track and favorite specific NFTs, which allows you
to keep track of them on a personalized dashboard. It’s free to create an account for yourself,
which means this tool will not result in extra charges. Simply visit the Register page, fill out a few
fields, and you are ready to start creating your own personal dashboard on the platform.

Nansen
There is quite a large variety of tools, platforms, and websites that focuses specifically on the
NFT industry. The majority of these platforms tend to focus on helping you keep track of the
latest NFTs, manage your portfolio, and find opportunities to invest in.

If you have taken a closer look at the previous chapters in our book, then you would’ve noticed
a very important element - the earlier you can get into an NFT collection that holds potential, the
greater the profits will be once the assets start to take off. This is where Nansen comes into the
picture.

Nansen uses state-of-the-art technology, combined with AI features, to help you find
opportunities at the earliest stage possible. The platform has been around for a short while now
and has already gained significant popularity within the NFT industry.

Before we take a closer look at the Nansen platform, there is one thing to note first. Nansen is
not a free tool. While there are many free tools available to help NFT investors, they often lack
the features that bigger tools like Nansen offer. The good news is that Nansen does hold a lot of
potential, and you can likely make up the fees charged by the platform easily when you utilize its
features to invest in NFTs and flip them.
The good news is that you do not have to immediately subscribe to one of the plans offered by
Nansen. The company offers a seven-day trial offer. While the trial is not free, it does come at
an affordable price of $9. This gives you full access to all features of the platform for a period of
one week. After the trial period, you have the freedom to continue with the plan you chose, or
rather cancel if you do not wish to continue using the platform. This allows you to get a good
idea of the potential that the platform offers - while also determining whether the monthly plan
would be worth the investment.

There are multiple plans that you can choose from, which also creates an opportunity to find an
option that suits both your needs and your budget. You can choose between monthly, quarterly,
or yearly subscriptions, with prices starting at $149 per month. The company allows you to pay
through either fiat currency or with cryptocurrency.

In terms of features, the company has developed a platform that analyzes more than 100 million
Ethereum wallets throughout the world. By using smart technology with artificial intelligence, the
system is capable of identifying opportunities in the NFT market early on. The machine learning
capability gives the system the ability to not only monitor these wallets but to collect data and
learn from the information. The data is then utilized as a way of estimating the potential of new
NFTs as they appear. You then gain access to the data, allowing you to find NFTs that may be
worth your time and consideration as an investment opportunity.

In addition to these functions, Nansen also comes with certain security modules that help you
keep track of certain things - such as your current NFT collection, cryptocurrencies held in your
wallet, and the transactions that are related to NFTs you are investing in. With this information,
you have the ability to identify suspicious activities that could put your current investment in
jeopardy.
NiftyRiver
There are a few tools that focus on being a complete solution to helping you get into the NFT
industry and profiting along the way - and NiftyRiver is certainly one of the more noteworthy
options. This tool can be useful for identifying opportunities at an early stage, but it is also
incredibly helpful in determining which of the more well-known NFTs are currently thriving. You’ll
find that NiftyRiver actually holds a lot of similarities to certain platforms that provide the same
type of features. The major difference comes in terms of pricing. For example, similar features
are available on this platform as compared to Rarity Sniper - but with Rarity Sniper, you need to
pay a monthly fee to utilize the service. NiftyRiver is actually free to use, making it great for
those newbies who do not want to make a big investment as they are just entering the market.

You will notice that NiftyRiver does offer a premium plan. This plan focuses on giving you
access to a wider variety of functions but is definitely not a requirement to use the platform. If
you are planning to use NiftyRiver throughout your journey, then it might be a good idea to start
out free. As your portfolio grows and you start making a profit with your NFTs, you can always
consider upgrading to a premium account so that you can gain access to a wider collection of
tools and features.

When you visit NiftyRiver, the website will automatically connect to MetaMask if you have the
browser extension for the wallet installed. Alternatively, you can also connect a different wallet to
the platform, based on the one you chose to transact with.
The data presented on the homepage of NiftyRiver focuses on providing a view on currently
trending NFTs. You can use this information in order to determine which collections are gaining
traction - which is a great way of identifying potential opportunities for investment in the industry.

Make sure you utilize all of the functions that NiftyRiver offers, however. While the data on the
homepage is useful, there are additional tools that you can utilize to gain a better overview of
NFTs that have the potential to help you make a profit through the process of flipping them.

The great thing about the premium access feature that NiftyRiver offers is the fact that you won’t
be throwing money away on a monthly subscription. You don’t need to pay the company directly
if you wish to have premium access to their features. Instead, you simply need to own certain
types of NFT assets - and this will immediately grant you access to the platform’s premium
features.

There are two NFT collections that can provide you premium access to NiftyRiver. These
include CryptoFreaks and DigiRocks. You can buy an NFT that is part of either collection, store
it in your MetaMask wallet, and then connect the wallet to the platform. Once the platform
detects that you have either a DigiRock or a CryptoFreak in your wallet, it will automatically
grant you access to the premium features.

CryptoFreaks are sold on the OpenSea platform. If you rather prefer DigiRocks, then you’ll need
to visit the official website (digirocks.io) to buy one of these digital assets.
In terms of pricing, you may find that DigiRocks is the more affordable option when compared to
CryptoFreaks. Thus, if you do wish to gain premium access to NiftyRiver, then you should
consider investing in a DigiRock. This can be an especially good choice if you want to keep your
investments to a minimum at this time. Remember that you will remain the owner of the NFT
even if you are planning to use it as a way of gaining premium access to the platform. This
means you’ll always have an opportunity to sell it at a later date. Since this particular collection
is seeing significant growth in just a couple of months, it will surely continue to rise in the
upcoming months. This means that not only do you get access to premium features on
NiftyRiver, but you’ll also be giving yourself an opportunity to gain extra profit in the process.

If you are looking to find NFTs that are currently considered to be rare, then click on the “Rarity”
link at the top of the NiftyRiver website. This will show you the specific collections that currently
hold some of the rarest digital assets in existence. Use these as a guide to help you understand
how to invest your funds in NFTs.

You can also find information about new NFTs that are about to drop, as well as gain access to
sales that are available at the time. This helps you find opportunities to get in early when looking
at the latest NFTs to enter the market.
NiftyRiver - OpenSea Rarity Extension
While on the subject of NiftyRiver, we should also mention the Chrome extension that was
launched by the creators of this platform. The extension is called “NiftyRiver - OpenSea
Rarity.”potentialsdownload the extension for free, even if you do not have premium access at
NiftyRiver. The extension is available on the official Google Chrome Web Store - once you add it
to your browser, it will automatically load when you visit OpenSea.

To understand the value and usefulness of this extension, we need to revert back to something
we have already mentioned in this book. Remember the most important factors that give an NFT
its value? Yup - rarity is one of these factors.

This is exactly what the extension is all about - helping you identify the rarity of each NFT that
you see listed on OpenSea. In addition to being compatible with Google Chrome, you can also
use the extension on other browsers that provide support for Chrome extensions, such as
Opera.
After installing the extension, visit OpenSea and start exploring. Note that the extension may not
show rarity ratings on every single NFT that shows up on the platform, as it depends on whether
or not the specific digital asset has been indexed and rated on the NiftyRiver platform.

NFT Stats
When it comes to flipping NFTs, you need to ensure you have access to the right market data
and analytical information to help you succeed. While many platforms have been developed to
give you access to “top lists,” the information provided by these systems can sometimes feel too
limiting. You’ll notice especially as you gain experience; there comes a need for more advanced
and in-depth data to help you make decisions in this industry.

This is where NFT Stats come in - a comprehensive platform that focuses on giving you a better
overview of the industry. The NFT Stats platform offers three different statistical tools -
Collections, Sales, and Rarity. The platform also provides market insights, trends, and a view on
the best-selling non-fungible tokens at any given point in time.

When you first land on the website’s homepage, you’ll be presented with a couple of data
elements that are already useful. This includes the current trading volume for the past 24 hours,
as well as the number of NFTs sold within the same period of time. With this selection of data
points, you’ll find it significantly easier to identify opportunities in the NFT industry.

If you are looking to maximize the profits you can gain through NFTs, then one particularly
useful function on this website would be the “Rarity” tab. This tab shows you the NFTs that are
currently considered to be the rarest on the blockchain.
You’ll notice that the list of NFTs that appear on this page is constantly updating. This is
because the company uses an algorithm that closely analyzes the current market. By
consistently looking at NFTs that are being released, as well as the transactions within this
industry, the platform is capable of delivering more accurate information related to the rarity of
an NFT. In addition to providing an overview of the rarer types of NFTs on the market, the
platform also offers a rarity rating with each of these digital assets.

The rarity rating gives you a more in-depth view of how rare the NFT actually is. This can be a
useful measurement when your aim is to collect extremely rare NFTs, with the goal of selling
them for exponential profits at a later date.

One thing to keep in mind is that the rarer an NFT is, the higher its price will be. If you’re rather
looking to keep your investments to a minimum at the moment, then it might be a better idea to
look at the Collections and Sales pages. The Sales page will give you a better overview of the
current top-ranking NFTs, based on the sales volume reported within a specific period of time -
which you can set to 24 hours, seven days, or 30 days. Having a look at the data over a longer
time period can usually give you more data to work with - allowing you to consider which
collections and NFTs are currently trending.
Trends In Trading - Digital Coins, Memes, And More
Over the past few years, we’ve been introduced to quite a large selection of investment
opportunities on the internet. From investments in stocks to buying and selling cryptocurrencies,
there is no shortage of these opportunities to help people profit. The latest craze involves
memes. While these were ones solely known as “jokes” passed around on the internet, memes
have now become someone of a topic in the investment scope.
With recent trends surrounding meme stocks, some people were able to make millions through
investing at just the right time. Apart from stocks, we also face the opportunity to invest in
cryptocurrencies that are, once again, related to memes.

What Is A Meme Stock?

Meme stocks are still somewhat of a new trend on the market. The idea behind meme stocks
really started to take off while the world was facing a pandemic. The idea behind these stocks is
relatively simple. A meme stock refers to a specific company stock that skyrockets in value
following social media interactions. Investors, experts, and other individuals would create trends
surrounding specific company stocks. In this case, the prices for stocks in the company would
experience a significant increase in value. By buying and selling at just the right times, it is
possible to gain a significant profit from the transactions - even if the company’s performance
didn’t lead to this rise.

What Is Wallstreetbets?
Wallstreetbets is one of the best examples of how social media is able to influence the price of
stocks. This particular group was initially founded on Reddit as a SubReddit. The idea behind
the SubReddit is to share details of stocks and other types of investment opportunities. In the
beginning, the Wallstreetbets group on Reddit was behind a rise in several stock prices -
resulting in some individuals gaining significant profit from the money they decided to invest in
stocks mentioned on the SubReddit. The group still remains very active, providing a number of
useful tips to help people gain a better view of the best stocks that are currently available.

GameStop Was The First Example

The Wallstreetbets SubReddit is probably mostly known for its role played in the significant rise
in GameStop stock value. This was actually the very first meme stock that was produced due to
the effort of expert investors on Reddit - particularly inside this Wallstreetbets group. At the
beginning of 2021, Wallstreetbets were able to create an uproar in memes and discussions
related to GameStop stock - this led to a 69% increase in value per stock. This actually led to a
halting of trades for GameStop stock. In just the course of a few days, trading for GameStop
stock has halted a total of nine times. One report explains that people initially didn’t give much
thought that a simple post on the Wallstreetbets group would result in any significant changes.
Yet, these thoughts quickly changed when GameStop became the very first meme stock - with
prices soaring day after day for a short period of time.

Dogecoin, The Original Meme Coin

Memes have not only been associated with stocks. The cryptocurrency market also serves as
home to a coin that was created based on a meme. This is where Dogecoin comes in - a
cryptocurrency that is represented by a meme of a Shiba Inu dog. The coin was initially
launched in 2013. The idea behind Dogecoin was to create a decentralized payment system,
helping people break free from the idea of always having a centralized control system or
authority when making online payments. Today, Dogecoin is viewed as the original meme coin
within the cryptocurrency industry. While a relatively old entry in this industry, the coin only really
started to pick up in January 2021, reaching a high of $0.64 per Dogecoin on the 9th of May.

Shiba And Other Sons Of Doge

While Dogecoin may still be the parent of meme coins, several “sons” of the coin were launched
in the cryptocurrency market. Shiba Inu is definitely one of the more popular coins that are
based on the original Dogecoin. This is also a cryptocurrency that focuses on being
decentralized and was released in 2020. The market cap for Shiba Inu coins is currently $30.9
million. The current price for a Shiba Inu coin is $0.00005080, but we see the value quickly
surge.

FOMO And Risks

Fear of missing out, or FOMO, has become somewhat of a problem in the investment market.
This is why we see many people jump on the train of cryptocurrencies without thinking too much
about it. Unfortunately, these individuals often fail to realize the risks that are involved in the
transactions they are making.
The truth is, the cryptocurrency and stock markets do hold a significant amount of risks. While
we are frequently seeing posts regarding people becoming millionaires from investments, these
publications are not covering as many stories about people losing a large sum of money by
making hasty decisions.
This is why research is such an important element when looking to invest - whether this is in
meme stocks, a meme coin, or any other type of asset, for that matter. Always take a look at the
price changes over the entire lifespan of the asset, consider coverage for the asset in recent
news publications, and make sure you limit your risks by not investing more than you can afford
to lose.
Final Words
Non-fungible tokens, most commonly referred to as NFTs, have taken the world by storm. Ever
since the initial launch of Bitcoin and the cryptocurrency industry itself, we’ve seen a large
variation in development within the market. Apart from Bitcoin, altcoins, and decentralized
applications, the world has welcomed the idea of selling digital artwork, music tracts, and even
in-game content through what we call NFTs.

These tokens form part of multiple blockchains, with the most common still being Ethereum.
NFTs are empowering artists to create digital artwork that actually holds proof of ownership. This
entire industry is changing the way digital artists in different markets and creatives are profiting
from their hard work. Artists, however, are not the only individuals who are able to profit from
this evolutionary technology effectively.

Investors looking to profit from the cryptocurrency industry are also showing significant interest
in the NFT market. The rise in popularity has significantly increased following NFT sales that
were sold for millions of dollars. While this isn’t something that every investor in the market can
attest to, there are still many who achieve great profits by buying and selling NFTs.

NFT flipping is not only a profitable way of earning through the NFT and cryptocurrency market
but holds a number of additional opportunities - including the ability to create an investment
portfolio for yourself.

While a large focus has been placed on the involvement of artists in the creation of NFTs, even
non-creatives are finding ways to dig into this goldmine from a creator’s side. By utilizing
services like Fiverr and Upwork or even turning to graphic design software, you are able to set
up and mint your own NFTs. This can form a valuable part of your journey, with some investors
tackling the industry from both sides - through flipping and the creation of their own NFTs.

Regardless of how you wish to enter or approach the market, the point remains - NFTs have
taken off and become exceptionally popular. Some of these digital assets have already sold for
millions, and we are sure to see this trend continue in the future. With this in mind, getting in at
an early stage could result in a much more significant level of profit down the line, while also
allowing you to take advantage of the current growth that the NFT market is experiencing.

The information we have shared in this book aims to equip you with the knowledge, expertise,
and even the skills you need to make your mark in the NFT industry. Be sure to read through the
book from start to finish, as the data we provide were structured in such a way to gradually give
you the information you need to better understand the market. By now, you should have a good
grasp of what NFTs are and how they work. You should also understand why some of the NFTs
out there are selling for millions of dollars, which gives you some insight into the industry and
what it is worth. We also considered how you could turn the tables and create your own NFT as
an alternative opportunity and provided a complete walkthrough for flipping these digital assets
on one of the internet’s most popular marketplaces.
In conclusion, we want to make a point of the fact that the NFT industry definitely has potential.
The earlier you are able to get into the industry, the more opportunity awaits your journey. As
with all investment opportunities, however, there are still risks involved in the entire process -
hence the fact that we mentioned research as a critical factor on more than just a single
occasion.

Now, we leave the journey to profit within the NFT market to you. Be sure to start out slowly -
consider all of the basics we shared, and then gradually move throughout the content to help
you understand how to invest in these assets, which NFT to choose, and when the ideal times
arise to buy and sell.