Looking to get into NFTs but don’t have $1000 to spend on an item from a popular collection? No worries: there are ways to find very promising NFTs at a fraction of the price or even for free, as the team of the NFT marketplace Liquidifty will explain in this article.
How Much Do You Need to Get Started with NFTs?
Newbies looking into how to get into NFT trading are often disappointed to find that all the top collections on OpenSea are beyond their budget. In spite of the recent crash, the cheapest Azuki NFT still costs $14,000, a Moonbird is at least $30,000, and the floor price for a Bored Ape is over $100,000.
But an experienced crypto or NFT investor will tell you, the biggest gains in this industry aren’t made by buying the biggest cryptocurrencies or the most popular NFTs. Rather, one should look for new projects with a potential to do a x10, x20, or even x50.
But how do I get an NFT with this sort of growth potential?, you can ask. There are several ways, but they wouldn’t be obvious to a beginner. And who would know better how to get NFTs of the best new projects for cheap than the team of an NFT marketplace? That’s why we’ve asked the team of the popular BSC-based platform Liquidifty to share their secret hacks.
Advice 1: How to Get an NFT Via INO
INO, or Initial NFT Offering, is a new and trendy way for NFT-based games and metaverse platforms to raise funds. The proceeds from selling an intial collection of NFTs are used to finance the development of the first version of the game. Often an INO happens almost simultaneously with an IDO, or an initial token sale.
INOs are your best chance to get promising NFTss at the lowest price. They are essentially mints, just like ones you’ll find on OpenSea, but with two differences:
1) an INO is the first step in building a bigger project;
2) INOs are held on specialized launchpads dedicated to GameFi and the metaverse, just as Liquidifty.
Liquidifty is an NFT marketplace and launchpad centered on gaming on Binance Smart Chain (BSC). In just a few months, it’s become one a favorite for users who wish to get started with NFTs and Play-to-Earn gaming on this fast and efficient blockchain. The projects that have made their debut on Liquidifty include Drunk Robots, Chain of Legends, CanaBoyz, and Soul of Meta.
So how to get a NFT at an INO? The key steps are these:
- Study the Upcoming section on a launchpad, select a few projects you like, and join their social media and Discord servers.
- Analyze each project’s roadmap, NFT utility, partnerships, art quality, etc.
- Pay special attention to the team and community: are the founders determined to implement the roadmap and is there strong public interest?
- Check the INO terms, especially the whitelisting process. Often being on the whitelist means an even lower price.
- Once you’ve chosen a project, make sure you have enough of the required cryptocurrency in a decentralized wallet like MetaMask – and tune in on the day of the INO to mint an NFT.
By the way, while you do research into how to get NFT assets at INOs, check out gaming and metaverse IDOs also – like those that take place on Liquidifty.
What makes this platform special is that you don’t have to be whitelisted or stake huge amounts of tokens to get an IDO allocation: all you need to do is purchase a pass.
Depending on the pass type (Gas, Liquid, or Solid), you’ll get either a guaranteed right to participate in the first-come, first-served round of an IDO or a guaranteed allocation of tokens, plus various privileges, such as NFT airdrops. Speaking of airdrops – they are another great way of getting into NFTs.
Advice 2: How to Get Into the NFT Market Via Airdrops
Liquidifty holds regular airdrops for its pass holders, distributing dozens of valuable NFTs every time. They include the most interesting new gaming collections, such as Drunk Robots and XPansion, as well as NFTs of established popular games like Axie Infinity.
An airdrop means that you get an NFT 100% for free, no strings attached – you can do whatever you like with it. You can put it up for sale at once on the same marketplace (i.e. Liquidifty), send them to another wallet or marketplace, or wait until the market conditions improve and the price rises.
Many NFT games also conduct airdrops and NFT giveaways on Twitter or through Discord servers – their own or those of partner projects. Often you’ll need to retweet a post, tagging a few friends, or write your own posts about the project, follow the project on social media, invite someone into Discord, and so on.
Popular projects with large communities can have a hundred people or more joining NFT giveaway. Therefore, if you want to maximize your chances of winning, it’s better to join as many giveaways as you can. It can be time-consuming, but you can win an NFT worth over $100 – and who knows, maybe even sell it for $1000 a few months later.
Advice 3: How to Get into NFT Art as an Ambassador
Many blockchain games and metaverse projects launch ambassador programs as part of their promotional campaigns. Ambassadors complete different tasks: write and translate articles, create videos, manage local communities, participate in game testing, retweet news, and so forth.
Ambassadors get three types of rewards:
- payments in USDT;
- project tokens;
- NFTs.
Being an ambassador requires commitment and an investment of your time. So if you’re wondering how to get into NFT art and gaming quickly, this is not the best way. But if you want to become an expert in the industry or even earn a regular income with crypto, ambassadorship is a great entry ramp. You may get NFTs for free, but the experience and connections you’ll gain can be even more valuable.
In this article we’ve talked mostly about gaming NFT games rather than regular NFT art collections. This is because GameFi is the fastest-growing segment of the industry and the one that offers most opportunities to beginners at affordable prices.
If you compare the floor prices for the hottest projects on Liquidifty and OpenSea, for example, you’ll see a radical difference: a great gaming NFT can be yours for $50-$100 instead of thousands of dollars. And as games like Drunk Robots or Chain of Legends become more and more popular and their NFTs acquire more utility, the price can increase more than that of a regular NFT that isn’t part of a game.
The prices on bluechip collections like Bored Apes may be up many multiples since mint, but lots of other great opportunities are waiting to be discovered. As long as you do some research and look outside of OpenSea, you can create a great portfolio at a surprisingly low cost. The key is choosing the right marketplace or launchpad – such as Liquidifty.