When tokens went live there was a high chance of making a huge return. Eager adopters rigorously tried to become part of every project as early as possible. During the ICO craze, in 2017, users pushed to find new projects and searched for ways to sign up for pre-sales, or even private ones.
Being involved in a project still holds a vital factor, but, to get involved, users need to be early and more importantly, active.
Getting white-listed by NFT projects can be a big deal. Many users have made vast amounts of money from NFTs. NFTs initially go on sale for around 0.07 ETH and can end up being worth 1 ETH each or more. While many projects fail, the few that do succeed make up for the failed ones by far.
To help differentiate the bad projects from the good, early adopters look for signs of a successful assignment. Typically, having active social and discord channels is a signal for a quality project.
Unfortunately, new projects have picked up on this, making their white-list exercises active in discord groups.
IS SPENDING HOURS ON DISCORD THE ONLY WAY?
Twitter users have complained about the requirement to mass invite others into discord channels, alongside the rules on staying active for hours a day to qualify for new projects. What was once seen as a lucrative hobby quickly turned into a full-time job, and to many users, that just isn’t possible.
Some of the other requirements can include social media management; posting and retweeting people’s content. The requirements to get in are discouraging some users away.
Finding quality projects isn’t easy, and under such conditions, it could be even harder to get involved. Some users have taken to other methods of finding lucrative NFTs such as parser bots that scrape the stats from NFTs in a brief window before they post on OpenSea or other marketplaces.
With such demands, it seems users are still willing to try, indicating the hype for NFTs has not yet settled. With large companies (including casino companies) getting involved we might still have a long way to go with NFTs.
If you’re frustrated by waiting, in the meantime, you can still use crypto for recreational purposes at places such as Bitcasino, 1xBit, or FortuneJack.