found the meaning, but it was meaningless
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Confused about NFTS? Not to worry.
An NFT is a NON-FUNGIBLE TOKEN. It is always on a specific blockchain, usually having a unique address. Common blockchains on which NFTs exist include the Ethereum and Solana Blockchain, and there are different ways to mint or own an NFT, one of them being the personal creation aspect, but let’s leave that for now.
Now, a "WL" or whitelist enables you to own a particular percentage of a creator's NFT collection. Going through a creator's Whitelist process allows you the opportunity to possess objects in a collection before anything is made publicly accessible or listed in a secondary market.
Being on the whitelist is typically the most affordable way to obtain an NFT, which is why everyone interested in NFTs works to join the projects' whitelists. However, this is not the case for projects that go underwater (when the floor price is beneath the mint price)
After winning the whitelist, you have to pay a mint fee (MP), albeit some projects are free mints, in which case you would only pay gas expenses. Getting whitelisted is never simple, however; it requires fan art, lore, voice chats, steady messaging, giveaways, etc.
No matter how confident you are in a project, you should take some factors into account before starting it; supply and project monitoring demand, volume, the floor price, and sales activity.
The lowest value of one NFT in a collection is called FP (Floor Price). Undercutters are those who list for lower than the fp. Discord, Phantom wallet (sol), Metamask (Eth), Open Sea, and Magic Eden are required apps.
Most importantly, don't work alone; you need access to knowledge, early access to projects, and advance warning of how things will pan out. In the end, it's extremely taxing to read anything so concise, but "Hard work and endurance are the mothers of success." Maintain your effort.
Confused about NFTS? Not to worry.
An NFT is a NON-FUNGIBLE TOKEN. It is always on a specific blockchain, usually having a unique address. Common blockchains on which NFTs exist include the Ethereum and Solana Blockchain, and there are different ways to mint or own an NFT, one of them being the personal creation aspect, but let’s leave that for now.
Now, a "WL" or whitelist enables you to own a particular percentage of a creator's NFT collection. Going through a creator's Whitelist process allows you the opportunity to possess objects in a collection before anything is made publicly accessible or listed in a secondary market.
Being on the whitelist is typically the most affordable way to obtain an NFT, which is why everyone interested in NFTs works to join the projects' whitelists. However, this is not the case for projects that go underwater (when the floor price is beneath the mint price)
After winning the whitelist, you have to pay a mint fee (MP), albeit some projects are free mints, in which case you would only pay gas expenses. Getting whitelisted is never simple, however; it requires fan art, lore, voice chats, steady messaging, giveaways, etc.
No matter how confident you are in a project, you should take some factors into account before starting it; supply and project monitoring demand, volume, the floor price, and sales activity.
The lowest value of one NFT in a collection is called FP (Floor Price). Undercutters are those who list for lower than the fp. Discord, Phantom wallet (sol), Metamask (Eth), Open Sea, and Magic Eden are required apps.
Most importantly, don't work alone; you need access to knowledge, early access to projects, and advance warning of how things will pan out. In the end, it's extremely taxing to read anything so concise, but "Hard work and endurance are the mothers of success." Maintain your effort.
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