Beginner's Guide to NFT: How to Participate in NFT Products with Good Conduct

First of all, if you are an important person in the NFT cycle, you may decide to skip these lines, for example, OpenDAO airdrops in these two days will cost at least hundreds of Lab SOS. Free, do you want to know what NFT is? How to buy NFT? So this article is not your food, and you will have to spend more time than most people learning. Popular blockchain and cryptocurrency education has yet to reach temporary benefits, let alone NFT, but those who really want to know will find a way.

However, if you are a newbie NFT player like me (outside the currency circle or seeking advice on NFTs) then this phrase might be a good book (it has less travel and can help you earn money. 'silver). .

Are NFTs eligible?

We believe that NFTs are the killer “apps” of blockchain so far. In addition to the early group performances, the spread of NFT has spread to many areas such as fashionable IP, music, games, entertainment, chat, etc. which mainly affects the area application of the blockchain technology output recognition function. From global celebrities like Curry, Lin Junjie and Shawn Yue at NFTs, to big names like Gucci and Pepsi, celebrities from all walks of life are donating NFTs, according to digital news reported by Xinhua recently, the field says there will be. buy more inputs.

Now, among the many NFT commentators and participants, each side has a different focus as well, most users and key players still focus on the forecast and the benefit, which is understandable. A small number of players list according to their tastes. Of course, the two don't need to crash. Wouldn't it be great if you could buy the NFT you want to print and at the same time enjoy the benefits of fun? ?

According to the data, cryptocurrency analysis firm Moonstream released data on the state of the NFT market in late September, and according to the report, it investigated more than 700,000 locations from April to September. Each owns Ethereum's NFT 16.71% of NFTs are 80.98% of NFTs. Although there are now over 1 million holders in the NFT market, the number of key players is extremely limited, and the head spin is still very evident. It means more opportunities in the market.

Find the right NFT scan tool

Returning to the important question, after the wave in the media and Opensea a few weeks ago about the right approach to NFT trading from a consumer money cycle perspective, I quickly realized that I needed to find a platform. similar information on the NFT industry. The NFT segment of platforms like coinmarketcap / coingecko / is not a small number and like Coinmarketcap cannot meet my requirements (I will also go directly to Opensea). You can find out in advance about nansen.ai, rarity.tools, icy.tools and nftgo.io by analyzing platforms / tools.

After some previous experiences, I came to the following conclusions:

Nansen

Nansen, well known for his expertise in cryptocurrency analysis, also has expertise in NFT operations. -Player level. Not a friend. This clearly does not align with the position of the intended user of this article. I haven't reached this level yet and will discuss it in the future.

low equipment

Now, the most popular NFT low query tools have a clear view. Likewise, it requires a modification process to be used.

Ice. property

The best features include easy-to-use to view NFT trackers, list monitors, feeds, and alerts. is only available to members who have opened up to 400 RMB / month. I already have some understanding of NFT trading. And users with daily needs will find it more efficient.

NFTGO.io

As a decision, I recommend one. If the most commonly used data for cryptocurrency users is coinmarketcap and the funds are not small, then NFTGO is the best choice for most NFT traders. details. Icons, whale tracks, NFT airdrop and calendar cast, rarity queries. The simple and clean layout of this page is my choice, which means it is now free. Everyone! So I decided on a site to have a good experience

"I had no idea he would be paralyzed even if I tried him with a hammer"

After I found the right tools, I started to experiment, after looking at all the market data I noticed that the market value and NFT holders have been increasing steadily in recent months. or here. This does not include multiple composite materials (Solana / Polygon). For example, NFTs in the public chain ecosystem indicate that the NFT industry is still expanding, and short signals can also be used to determine the level of market sentiment.

And the special thing that I love the most and can help the most is whale tracking. Tracking whales, optimizing huge whale games (buy / sell / launch / destroy) combined with the new project detail page and mapping function of the new platform is quite easy. I support my decision in the product market because I personally think the insufficiency is different. for

Below we use a real-life scenario that reviews the entire process of finding potential NFT goals (information is not an investment).

Purchase decisions

About a week ago, I was walking on a giant whale (NFT's main dealer) working on a strike project on the NFTGO giant whale finder feature (no screenshots at the time, but it was is fine, you can request the project directly) and it caught my eye .. The price of mint is also very cheap, so I want to give you a brief description of this project.

Add them to Discord and Twitter. There have been numerous hashtag tweets on Twitter with #frensfollowfrens, indicating that the gold market is quite hot right now and worth digging further. The artwork is also very cute and pleasing to the eye. like that:

On the second day, he confirmed that Alien was the biggest first customer and that the cost of new purchases in 24 hours was up 12.65%. as well as other measures. new holder development / holder concentration etc), I decided to buy and the lowest price is only around 0.02-0.03 and the price is only a few hundred yuan, which is total. ~

I am referring to the NFTGO bass function when choosing before purchase. I bought this green man # 868 priced at 0.035 ETH for the full price, rare, and like beauty.

During the next 3 days, we will analyze the cost of the NFT project on a daily basis. I feel the same when I first started to speculate in cryptocurrencies. I also use the icy.tools mentioned above for the warning function as well, but my cheap green man doesn't have to pay for it alone.

hour of sale

Also, two days later, the day before the actual sale, I was happy to learn that the lowest cost of the project fell to 0.18 ETH (at the time almost 5 times the turnover or) and continues to increase. If the pace is too slow and the entry of new users to the west, we decide to sell. The final order was finalized for sale at a price of 0.39 ETH (happy and nervous)

Summary: In retrospect, we find that the NFT industry is similar to the cryptocurrency industry, but the use of data analytics is higher than that of the cryptocurrency industry. The sell decision also tests the human condition and determines the income or terminal loss, accepting estimate B is riskier (no cash = no sell = rollback) with a bit of luck, but follow the plan. 'about 0.23 ETH. Floor prices have also increased significantly more than 5 times from what I bought, showing that analyzing the data was a big help in determining the time to really get into the business. . I realized that I wanted to be an entrepreneur who knows NFT at a higher level. It is not easy to do and it takes a lot of time and energy to “watch the market”.

Essentially, for those unfamiliar with NFT newbies, NFTGO is an easy-to-use and user-friendly one-stop-shop data platform analysis tool that often meets the needs of NFT players. Even if you don't get your hands on future NFT investments, this is the platform you will use every day and consider trying more tools in other languages.

What can be improved:

1. We encourage you to post instructions on using NFTGO features similar to Nansen101 on your platform. While the symbols are more obvious, there are many points yet to be explored and explored beyond the scope of this sentence. to learn;

2. The demand for multi-channel support can be determined, and other public channel NFT ecosystems are also growing rapidly.