Have a large enough community before you launch art is subjective it’s hard to predict what kind of art people will love Add utility to your NFT project What needs to be done (it’s hard!) build a business grow a following take a tone of time don’t start if you think about doing it short […]
provides a value on top of just scarcity valued based on their underlying utility e.g. ticket to a special event, a playable character in a game Examples VeeFriends you can access events and conferences and coaching sessions the art is the insignificant part ot the project Kings of Leon (music) limited edition vinyls live show
Tips (11:50) Share your NFT project link early. Share as soon as your have your items added, not when you are ready to sell Set up in advance. Initialize early so you don’t miss your launch day Add extra benefits to owning your NFTs e.g. a product or a membership or something. Your art may
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Store of value cryptos (e.g. Bitcoin, Litecoin) safer than other cryptos, likely to go up in dollar value over time limited number of coins store or increase purchasing powers over time the more the government print, the more it loses the purchasing power disadvantage: limited functionalities Smart contract cryptos (Ethereum and Binance smartchain) less emphasis
Binance Coinbase leading cryptocurrency exchange in the US website and app, easy to use since 2012 charge a lot for each transaction Rewards: earn interest in the account Earn (earn program): get free crypto when you finish learning Crypto.com Gemini
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Categories DeFi (decentralized finance) NFT Utility tokens Store of value tokens (e.g. Bitcoin, Litecoin) Yield farming tokens (e.g. Aave) Most popular cryptocurrencies Bitcoin (BTC) 21 million BTC limit THE currency of the Internet in less than 10 years (when there are fewer scammers) global currency payment if you bought $100 in 2009, at its all-time
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Bear run Blockchain a secure type of ledger that documents transactions of cryptocurrencies organizes a big spreadsheet of transactions in blocks Bull run Cold storage e.g Ledger Nano S Crypto intangible magic internet money that can be used for payment over 7,000 DeFi Dollar cost averaging KYC law know your consumer law NFT Non
Strategy for new crypto companies get the messaging right so people know what you do create content to educate to help people understand podcast, blog, anything educational make the website super obvious open a Twitter and Telegram account How is crypto marketing different from other marketing? cannot do paid acquisitions like Google ads, Twitter ads,
