In a world where time is a luxury, grasping the significance of Non-Fungible Tokens (NFTs) might seem daunting, especially in the less explored Web3 industry.
But here’s the scoop: NFTs are more than just digital assets — they’re the cornerstone of the digital economy’s future.
Picture this: A digital asset, securely kept within the blockchain, representing a one-of-a-kind piece of art or a prime piece of virtual real estate. From artwork to virtual estates, NFTs captivate the attention of Web3 enthusiasts, investors, artists, and gamers alike.
The buzz around NFTs is undeniable and numbers speak volumes.
According to Statista, the NFT marketplace is projected to reach beyond $80 billion by 2025. The average revenue per user in the NFT market will amount to US$162.1 in 2024.
But here’s the kicker: As of early 2022, less than 5% of NFT collectors were actively participating in NFT whitelist opportunities. This is a very interesting discovery, as, besides the ones less familiar with Web3, NFT collectors also don’t fully get the best of NFTs.
But what is an NFT whitelist? How to find the upcoming NFT whitelists? This is not as confusing as it may sound. Let’s clear the air.
In this article, we’re diving deep into the world of NFTs. Let’s understand:
• What is the NFT whitelist and its purpose
• How to find upcoming NFT whitelists and launches
We will break down into the basics, reveal insider tips, and show how to stay ahead of the curve in the NFT revolution.
What is the NFT Whitelist and Its Purpose?
The NFTs being whitelisted means that an individual or their cryptocurrency wallet address has been pre-approved for the NFT mint before it’s available for the public. To be whitelisted for an NFT collection is important, as users make sure they get an NFT before it’s sold out. Various NFT collections offer various privileges for their whitelisted users besides insurance for an NFT ownership. For example, CoinGames offers a lower NFT prize for whitelisted users besides early access.
For CoinGames’ Rising Legends, whitelisted wallets can buy our NFTs at 0.35SOL before it’s available to the public at 0.5 SOL.
Some whitelisted users are even privileged to provide feedback to the company, allowing for potential adjustments based on their interests. This feedback loop can lead to customized enhancements, ensuring that the final product resonates more closely with this select group.
NFT Privileges
NFT collections communicate with the public with their pre-organized privileges before their official release. These benefits might include lower NFT prices, participation in special events, and additional perks for early NFT holders.
For instance, at CoinGames, our Rising Legends whitelisted users will gain:
• Private Sale Access: Enter the private sale with a special price.
• Exclusive Events: Participate in two exclusive events on June 5th before the collection is officially available to the public. These include:
Ø WL GTD at 10:00 a.m. UTC
Ø WL FCFS at 2:00 p.m. UTC
· The Rising Legends NFT collection will be available to the public on June 5th, since 4:00 p.m. UTC.
As we see NFT whitelisting is a significant event and opportunity not to be missed. With NFT whitelisting, users or customers enjoy private access to the NFT mint before it’s available for the public, obtaining NFTs at special prizes, and much more based on specific companies’ preferences.
Knowing where and how to find information about upcoming NFT whitelists is as important as understanding their benefits. So, let’s start with it as well.
How to Find the Upcoming NFT Whitelists?
In the past NFTs were more perceived as digital arts and people were not expecting to gain any serious benefits from them. Eventually, NFTs or NFT collections have been elevated to a level, where they are not only fun to have but can generate a significant benefit for their owners. One of the reasons for this major purpose shift was the growing interest in NFTs by such companies as online casinos, brands and corporations, art institutions, and more.
The institutions have all the required resources to use NFTs within their ecosystems and bring money to their customers. For example, at CoinGames, we operate as a diversified ecosystem encompassing various such as:
• Online casino
• Sportsbook and betting
• Web3 and cryptocurrency
This gives us the flexibility to provide various utilities to our NFT holders, such as:
• 10% casino revenue share
• 50 million $CGT token Airdrop
• VIP systems
• Staking to earn passive income
• Extra benefits as early access to new games, loyalty points, and much more.
Where to Find Information about Upcoming NFT Whitelists?
Staying up to date with one of the leading technologies within the future of Web3 and the metaverse is not that complicated if you know exactly what to look for. Moreover, knowing the key steps in finding promising NFT projects will help you also understand this project’s potential. Here are some steps you should take to find information about the upcoming NFT whitelists and understand if they may have potential.
- Follow high-authority and popular NFT marketplaces: Magic Eden is currently leading the list of the top user-friendly and popular NFT marketplaces in the world. Whether you’re a beginner in the Web3 world or an experienced user, it’s easy and simple to navigate through this NFT marketplace. It also gives more chances for the NFT collection to be exposed to a larger audience due to its strong community and ecosystem. As an NFT fan, we all know that exposure is one of the most important factors in the success of any NFT collection. Magic Eden operates on multiple blockchains including Solana blockchain. These blockchains are well known for their high speed and low costs. Magic Eden is also at the forefront of security and safety manners with measures in place to secure the users from scams. The stats speak for themselves too. According to CoinTelegraph, Magic Eden’s trade value reached $756.5 million in March 2024 making it a 194.4% increase. Magic Eden also maintains a high standard for listed NFTs providing buyers with confidence in the quality of its presented NFT projects. According to CryptoPotato, only 5% of NFT projects are accepted on Magic Eden.
• Follow Twitter/X: Twitter or X platform is the major “home” of Web3 influencers and companies. According to Techopedia, Twitter is the primary platform for the latest news and trends in the Web3 and NFT spaces. Influencers and thought leaders in the crypto and Web3 world use Twitter to share insights, which significantly impact market trends and public interest. Therefore following popular hashtags, spaces, and influencers is one of the most effective ways to stay updated. At CoinGames, we’re actively participating in these discussions as well, especially now that our NFT collection, Rising Legends is about to drop on Magic Eden. Here are some of the best spaces to follow:
• Advanced research tools: Popular research tools help users make informed decisions about NFT investments. Such service providers also have dedicated pages to the upcoming NFT collections and whitelisting opportunities easy to find and navigate. One of the most popular ones is moonly, this is a platform where Web3 fans gain analytics and insights to make good NFT investment decisions and find the best upcoming and live NFT drops.
How to Know if an NFT Collection Has a Future?
In the rapidly evolving world of Web3, it’s hard to give a 100% guarantee about a specific NFT project’s success. However, several factors should be considered to make a well-informed decision. Here are some:
• Concept and creativity: Uniqueness and creativity are one of the gateways to the success of any NFT collection. Before investing in NFTs, make sure to ask yourself the following two questions:
• How is this NFT collection unique?
• Does it offer something new and innovative from the existing NFT projects?
At CoinGames, our strategy is straightforward. The Rising Legends NFT collection merges ancient mythical characters with contemporary art and adventurous personas, creating a captivating fusion of diverse spheres that initially seem unrelated. This already establishes a strong identity.
• Long-term vision: Understanding the purpose of the NFT collection is crucial. Analyze its roadmap, community engagement, ongoing development, and utilities. For example, at CoinGames we have a clear vision to elevate the crypto casino industry to the next level. With further implementation of our NFT collection and $CGT token, we create a “web” of opportunities within our decentralized ecosystem.
At CoinGames, our users have everything in one place. We have everything needed for a fast and seamless user experience such as operating in the decentralized system via smart contracts which makes connecting the wallet a minute-long action, an opportunity to interact with native currency, create your online identity through our NFT collection, and enjoy its numerous benefits, such as: 10% casino share, owning over 50 million $CGT tokens Airdrop, VIP systems, generating passive income through tokens and other extra benefits within the casino and sportsbook. The existence of our active community on multiple platforms ensures heavy engagement and popularity within our ecosystem.
These are some of the major factors to consider in deciding whether an NFT collection holds a promising future. To learn more about this topic, check out our blog dedicated to NFTs in Gaming.
In conclusion, the non-fungible tokens (NFTs) represent more than a piece of art. NFTs are the future of the digital economy. NFTs and the Web3 industry are simpler than they may same at first sight. In contrast, this industry is created to facilitate further and accelerate digital experiences. Understanding NFTs is crucial in navigating the evolving Web3 landscape, and getting the most out of its offerings is what we should learn.
As one of the most successful internet personalities, Gary Vaynerchuk states:
“NFTs are the next big thing because they prove ownership and allow for new levels of interaction and engagement with content”.
