A simple explanation of NFT whitelist and how to obtain it

A simple explanation of what is the NFT whitelist? NFT whitelist refers to a special list. The addresses or accounts on the list are authorized to participate in the purchase or transaction of a certain NFT project. Compared with ordinary users, whitelist members usually enjoy more rights or benefits. There are many ways to obtain an NFT whitelist. The most common method is through application or invitation from the project party. The project team will screen out qualified users based on different standards and needs and add them to the whitelist. Sometimes, participation in community activities or early investment can also qualify for NFT whitelisting. In short, the NFT whitelist can provide users with a better purchasing and trading experience and become an important player in the NFT market.

What is the NFT whitelist?

Simply put, the whitelist is a guarantee provided by the NFT project side. When you have the whitelist qualification of the project, you are guaranteed to have the right to purchase NFT first, without having to queue up to buy it. However, the official does not send out the whitelist for free. You must meet many specific conditions to obtain it. For example, you need to invite friends to join the community, retweet official news, or obtain it through a lottery. If you are a KOL or celebrity, you may also get it. The ultimate goal of receiving free whitelists or airdrops is to help NFT marketing.

If you neither get the whitelist nor miss the launch of NFT, you can still try your luck in the secondary market. In addition to the secondary market opened by the project itself, NFT collectors will also The NFTs they hold are sold on third-party NFT trading platforms such as Opensea and Lootex. The concept is a bit like an online auction, a transaction between holders, but the price is usually higher than the price at which the NFT was first released. High, some popular NFT projects are likely to increase several times as soon as they change hands. Of course, it is also possible that the NFT purchased for a large sum of money will depreciate significantly after the popularity subsides.

How to obtain the NFT whitelist?

It is relatively difficult to obtain a whitelist, and there are strict layers of security controls. Unlike traditional online identification, whitelisting involves a list of approved crypto wallet addresses. This means that users must obtain permission from the project before they can mint by a certain time. This whitelist is created via a smart contract and only approved users can perform minting operations.

In order to obtain the whitelist, we first need to join the community of the corresponding project. Many projects have their own communities, so we can join the corresponding community after discovering new projects. Therefore, it is important to choose projects and stay active. When selecting a project, in addition to paying attention to the work itself, we should also pay attention to the experience and past successes of the project team members. After joining the community, we need to observe how active the community is. Additionally, in the project’s Discord we can find news and information about release dates, revisions, whitelist member benefits, and other important information.

After determining the target project, we need to pay close attention to the official whitelist requirements. These requirements will vary based on project needs. Once we reach our goal, we have the opportunity to be whitelisted.

In fact, from a profit perspective, NFT project parties usually do not launch just one NFT, but a complete NFT series. Through algorithms, these NFT series will be given different attributes and appearances, making the NFT obtained by each buyer unique. In addition, even if it is the same series of NFTs, their prices will be different. The lowest price is called the "floor price" and is often used as a reference indicator to judge the value of NFT.

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