![]() ![]() It also notes the most engaged members on platforms like Discord. This is where a whitelist saves the day.Įssentially, a whitelist helps record some of the earliest members to join the project’s social media platforms. But, as more people get on board, it becomes harder for the project’s team to identify and reward the earliest fans. The followers and fans of a given project create awareness and attract more people to support or invest in the NFT. However, an NFT with a significantly high following and potential investors shows the promise of growing in value. Without supporters, NFTs are mere pieces of code on the blockchain. Besides the order, here are several other reasons why whitelist NFT is applied Appreciating Early Fans and Followers Whitelisting is incredibly helpful in achieving this. ![]() Most criteria, however, ensure that the project’s earliest fans and followers get the upper hand to encourage more followers and, hopefully, more investors in the project.īecause of the high demand for NFTs, especially at launch times, NFT projects need a democratic system to ensure their NFTs are distributed systematically. Different NFT projects have varying criteria for who will qualify to be on the whitelist. To resolve this challenge, whitelist NFT came to life.Ī whitelist, also known as a mint list or an allow list, makes it easier for an NFT project to identify a few select individuals who will have early-bird access to their NFTs. It also caused frustration for many buyers who could not easily access the tokens. ![]() This scramble for NFTs at launch brought congestion to the blockchain networks responsible for minting. Whenever a particular project launches its NFT, crypto enthusiasts flock to marketplaces trying to mint them as soon as possible. As more people discovered these digital assets and realized how valuable they are, the demand for NFTs grew unbelievably high. In 2021, NFTs became increasingly popular. You can think of a whitelist as a VIP list indicating which NFT enthusiasts will get early access to mint a given NFT. A whitelist is a list that authorizes a particular crypto wallet address to mint an NFT when it drops before it goes on a public sale. What Is A Whitelist NFT?Ī Whitelist NFT is a digital asset that can be sold to wallet addresses on a whitelist. However, as popular as this word may be, many people do not fully understand what it means, how to get whitelisted NFT, and why it is even helpful, to begin with. If you’ve been around the NFT space for a while, you’ve probably come across whitelisting. ![]()
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