NFTs have become an integral part of the Web3 gaming community: you can now get your CoinGames Rising Legends collectible through our very own NFT Whitelist! The NFT market has been in full flow for months, and we can’t wait to share our amazing collection with our wonderful users on May 29th! We are happy to announce that the collection will be available on Magic Eden, one of the leading NFT marketplaces in the sector. As stated, a whitelisting process will also be availble for those interested in the collection. In this article, we will explain what an NFT whitelist is and the benefits of joining the exclusive group of chosen crypto wallets.

What is an NFT whitelist?

Generally speaking, whitelisting is a process that refers to “approving a list of IP addresses, email addresses and applications while rejecting everyone else.” When speaking in particular about digital assets, whitelisting basically grants presale minting access to pre-approved crypto addresses.

  • An NFT whitelist refers to a list of crypto wallet addresses (could be any amount – but ususally specified beforehand by the artist or project) that are granted exclusive minting opportunities prior to their scheduled release to the general public, and usually at a lower cost – or in some cases even for free.
  • The whitelisting process is usually carried out by a project for the sole purpose of rewarding a particular group of people in the community – could be early adopters or participants to the project, or sometimes even users that are actively interacting with the cproject on social media – it is usually up to the NFT releasers to decide.
  • Remember: the application process for whitelisting depends on the project. If you are interested in getting whitelisted, you’ll need to follow all the instructions posed by your project of choice. In the case of CoinGames, for example, users have a chnace at being whitelisted by completing tasks on Zealy, or participating in certain tournaments and promotions that you can find in our bonuses page here. If and when your application is accepted by completing the prerequisites, you’ll simply need to provide the project with your crypto wallet address and you’ll be ready to mint! Just keep in mind that every project has a different amount of time available for pre-minting.

What are the Advantages of an NFT Whitelist?

NFT Whitelisting comes with its own series of very real advatnages for both the projects and digital asset prospective buyers. Generally speaking, a whitelist can be carried out for the following reasons: “rewarding early supporters, preventing gas wars and guarding against spam.”

  • In big name projects that carry out public NFT sales, a large number of users interacting with the project’s smart contract simultaneously could end up causing the blockchain’s transaction fees to increase somewhat – obviously depending on the amount of traffic at any given time frame. This is one of the reasons why whitelists are activated: to avoid that big competition to approve minting transactions drives up prices.
  • By allowing some users to mint their NFTs before the public release, congestion on the blockchain to approve transactions will be alleviated, therefore avoiding an unraveling of fee amounts.
  • Another reason why whitelists are created by certain projects is to simply reward their most loyal users and contributors. \Its a way to keep them interested in the project and to thank them for their continued support by goiving them an opportunity to mint an NFT before the general public and at a discounted cost, as will happen with CoinGames’s Rising Legends collection.
  • Whitelists can also have the goal of democratizing NFT collection launches by making it “less likely that affluent crypto investors (aka whales) will have an unfair advantage on the mint day” and acquire a large number of pieces, leaving less for other interested users.

NFT Pre-Minting and Wallet Necessities

When NFT creators and projects found themsleves wanting to organize their releases in a more timely and streamlined manner – so as not to distrupt traffic and fees on their blockchain, as mentioned above – they adopted whitelisting as their primary strategy.

  • When granted pre-minting access by a project, users are ready to get their NFT. The minting process is key: the user granted access will need to publish a unique digital token on a smart contract blockchain, depending on which one the project is carerying out the sale. The user that mints the NFT becomes its owner.
  • Once you have successfully been whitelisted, you will need to make sure to have the correct crypto wallet and address to be compatible with the blockchain that the NFT project has chosen. For example, if a project is on Ethereum (ETH), the user will need a compatibel wallet such as MetaMask. In the case of CoinGames, out whitelisted users will need to keep in mind that they will need to have a functioning Phantom wallet address, as our Rising legends collection will require a Solana (SOL) wallet.

To learn more about how to get whitelisted and about our Rising Legends collection, head over to CoinGames today or visit our NFT page.