WHAT? NEW OPPORTUNITIES IN NFTS? how to get involved! you just can't miss Y00TS Solana NFT! why are they pumping?

By elena_did | news crypto nft defi | 15 Sep 2022


 

Are you looking for some powerful info coming from web3 that can make you find a new and easy to enter in this space?

Well if YES, you're in the right place. Discovering new opportunities in crypto and NFT space like buying and the process how to find the next successful NFT is exactly what you will find in this article. 

Through this article, you will find the mostpopular ways to make your journey in crypto and NFTs more interesting and profitable: Finding successful NFT Projects 

Let's dive into it! Bet it will suits you?!#

 

 Finding THE BEST NFT project:

 

DeFi summer did not happened again. Crypto is in a bear market. The merge of Ethereum just happened, it was a success, but ETH price is dropping. Lack of crypto and DeFi regulations produce fear and more uncertainty. So what remains to be good?  

You guess it: NFTs. 2022 NFTs are not the same as 2020 NFTs. The trading volume is lower, few creators have an interest to join in the NFT space right now, flipping NFTs is getting harder and harder, and the floor prices are lower. But what better time to get involved rather than now? With all this kind of unpleasant events happening, the competition is slowing down, projects spend less money on marketing & advertising, hiring is reaching new lows, so launching an NFT project doesn't seem a bad idea right now.

In case you are not a creator, the alternative to benefit using NFTs is finding the hyped and valuable projects that are dropping in this unfavorable environment and interact with them. Getting involved in the early stages of a strong NFT project is one of the best ways to enjoy high profits later.

 

How to do it?

These are some points you can easily check on any NFT project:

  • visit its twitter/discord/website (a project should have all 3 to be considered strong)
  • look for engagement from community: number of followers (check if they are real or just bots), discussion and announcements on discord should be in a high volume, twitter spaces activity
  • verify the website: all links have to work
  • doxxed team is better than undoxxed team (doxxed team= members reveal their identity)
  • developers with experience are required
  • a recognized artist may help the project to grow, but be aware that the project is not popular just because some celebrities/influencers promote it!
  • if the project has a token, look if it has a liquidity pool too: without a LP, the tokens can not be converted into dollars
  • look at the NFT type (if you don't know which types of NFTs are created today, take a look to my last article about them:) : for a PFP look closely to the art/artist; for a utility NFT check if they actually bring value from their acts, not just words; for a gaming NFT investigate the tech people and find their past experience and involvement in web2&web3 (for the game structure, this has a very important role) and so on.
  • pay attention to the blockchain network the project is launched on: the most popular ones are Ethereum and Solana and are considered the best ones; also Matic(Polygon) is a good option
  • don't forget to check the marketplace the NFT project is launching ( it may be OpenSea, SudoSwap, Magic Eden, Rariable and they differ from each other: from royalties option to blockchains support)
  • answer the question: why do you want to buy that specific NFT project?

 

The most NFT projects use for launching, the Ethereum Network, but the gas fees you pay to launch an NFT collection and those for only buying an NFT had increased considerable and users lost a part of their interest in ETH NFTs (gas fees reached a high of 180$). To solve this problems NFT collectors and creators started thinking and using alternatives like Polygon Blockchain or Solana Blockchain.

For less than a cent in fees, fast transactions and strong security, Solana Blockchain Network suits the best for all users. Due to the high demand of Solana NFTs, the biggest NFT marketplace, OpenSea, added support for SOL NFT projects, resulting in more growth for Solana Ecosystem.    

 

With SOL growing at a high rate, the next big thing in Solana Ecosystem may has just pumped out: introducing to Y00TS NFT !

 

What is Y00ts Solana NFT project?  

 

Y00ts NFT has the goal to bring a 'common-sense approach to NFT intellectual property'. It is all about copyrights, royalties and customization. The collector and creator are both empower and they have rights to control what they own. It is based on the idea that any NFT should have its own IP to easily track who is approved to use the NFT.

What Y00TS NFT bring new in all NFT and crypto space is to create a 'y00ts store' where the buyers have the opportunity to customize their YOOTS NFT once a month using the traits submitted by the artists. NFTs are know for their unicity so who would not want to be able to redesign his/hers NFT? You will have now the opportunity to extend your creativity and to become a mini-artist, making adjustments to your beloved NFT to like it even more!  

Artists own the IP and collect royalties as a compensation for their hard work! You can appreciate the art work and enjoy all the utility and benefits that comes with the position of a HODLER. 

The artists designed the NFT like a fluffy monkey (similar to APES) which wears accessories and different clothes. The hodlers can not change the metadata or the shape, size, name of a trait. They can't change, for a example a T-shirt into a fur coat. These are the only things that are not accepted, but the rest are free to be used! And there are some really cool ones! 

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                                                                             image from here

 

Why is YOOTS NFT project so popular?

 

Y00ts has been the most hyped Solana NFT due to 3 main factors: established team, minting based on critic requirements and unique features that no one thought about.

But concerns were there: what if this is just a dumb project that is meant to make the creators rich and the collectors to look like losers? This kind of thinking was born because of the difficulty to put your hands on one of the Y00TS NFT. The whitelist process was kinda complicated and people DO NOT like complicate things. A lot of barriers were put in front of the real believers and the 'get-rich-quick' persons dominated the whitelist, or maybe this is just what people  thought at the beginning.

With all the scandalous commentaries, something made them change their mind. If you want to find what, stick a little bit longer with me. You are gonna discover the answer with the help of this analysis:

 

1. THE Y00TS TEAM

Y00ts NFT was founded by the same strong team of the popular BLUE-CHIP DeGods Solana NFT project and the two of them are high corelated. This is a doxxed team with a good reputation and a successful NFT project, so two points of the list above are already checked. GREEN FLAG! 

The Dust labs, is the group behind DeGods NFT and they did amazing things like launching the $DUST token. It is easy to buy, you can find it on DEXs (decentralized exchanges) and during this bear market time, it had a pretty strong price. It can be hold in a Solana Wallet.

The importance of DUST token with Y00TS NFT stands for the right to mint A Y00T NFT. If you have 375 DUST, congratulation! You can buy a Y00TS NFT! But the DUST price at the beginning of the minting was around  $1288,67. Not so low or even affordable if you didn't have any DUST before. The concerns begun with that, but in time don't you think it may actually worth it? they have big plans though..

 

2. MINTING A Y00TS NFT

Why would ever made someone a minting process so complicated if the project was not valuable?

To better understand it, for a spot on the whitelist without having DUST tokens, you must get a scholarship or enter a raffle. This means a hard test you need to pass. Not many did that, so a lot of unhappy people made really harmful comments. The Y00TS NFT had also limited spots like a max supply of 15,000 and it was heavy over-subscribed. These are the math's rules that not everyone can take a piece. The lucky ones get the spot and they felt special, but the majority thought about them like being somehow privileged and the revolt was seen and felt. So, the buzz and conflicts continued. This is human nature, emotions dominate us, when we are mad we tend to do illogical things or even regret some remarks. We need a clear mind in order judge proper. Many were impulsive and maybe could not see the right picture. This justify the bad gossips about the project.

Even the minting was delayed one day, it went perfectly. The Y00TS had a successful mint on MagicEden, a solana NFT marketplace.

 

3. UNIQUE FUTURES

Besides the capability to customize your NFT, you can also built sub-communities or sub-DAOs. You can benefit by creating a strong team that will evolve together and also charge the future members with a SOL fee to enter. All sales for the sub-communities bring you a percentage of the royalties too. You have a lot of benefits to enjoy! You will learn the process of creating a strong DAO, how to manage it and how to make connections in web3, all in one, with a Y00TS NFT! The experience that is given to you is priceless, so how can you still have doubts Y00TS NFT?

 

Ownership is the most important thing these days. Crypto and NFT space is full of scammers and the fear of users is gradually increasing! Y00TS NFT is the solution: less worries, more security, so crypto evolution and adoption increases!

Right now, Y00TS NFT project is experimenting a more efficient way to increase the value of NFTs, that can revolutionize the space, making your experience more pleasant and secure in the web3 space in a easy and enjoyable manner.

What are your thoughts now about Y00TS? You still don't see its enormous potential? Give me your thoughts in the comments section!

 

 

 

This is not financial advise, just info from a NFT passionate!

For more insights, visit my twitter: Elena⚡️ (@CatalinaDidita) / Twitter

 

 

 

 

 

 

 

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elena_did
elena_did

Crypto & NFT enthusiast who loves economy


news crypto nft defi
news crypto nft defi

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