Top NFT Artists have hit the jackpot thanks to NFT Art Collectors, who are avid admirers of both crypto and art. NFT Art Collectors, who worship e-art, are known to change their collections from time to time.
Can you blame them if they don’t stick to a particular taste in the crypto realm, which is teeming with a variety of art pieces? It’s for this reason that selling your NFT necessitates a thorough examination of what NFT Art Collectors are looking for.
NFT Art Collectors, NFT Artists, NFT Marketplaces, and even the entire sphere have watched a metamorphosis as tokens pass from one hand to the other. Regardless of their reasons for collecting, most NFT Art Collectors seek tokens that will hold their value and be respected over time.
But do you always wonder why some of the collectors are getting ahead of you every now and then? Certain collectors grab the projects as soon as the drop is revealed, and therefore they gain the max profits. The surprising part is that the strategy is not rocket science either. Even a beginner can start implementing it so that satisfying results are not far off.
We are going to go a bit deeper into the strategy, which is entirely free, and also our discussion will encompass around the drawbacks and mistakes of the aforementioned tactics.
Check Out An Example First
To know about the strategy, let us know about Cryptoadz, which was created by an artist named GREMPLIN, and it came out only a couple of days ago. But if you look deep into the artist’s track record, you would know that this creator was behind the most successful DAO profile ic collection.
So far, DAO has been an immense success and has a floor value of 1.8eth right now. Believe it or not, traders are also willing to give their Fidenzas to get some of the rare toads of the collections.
You might ask why we took these names up all of a sudden. Well, the reason is they have an exciting beginning. It is common for most of the NFT projects to have a massive marketing campaign so that the people can know about the drops as soon as they are revealed- or even earlier. On the other hand, Cryptoadz had a stealth drop.
They just had an early reveal on their discord which means they did not want the news to go out of the chatbox. That is because the creators did not want a gas war among the early adopters of the project.
As a result, you could hardly get the news regarding their reveal on sites like rarity.tools which mostly give you a calendar view of the upcoming and recent drops.
So How Could You Have Possibly Found Out About It?
If you check who made the first few purchases of Cryptoadz, you can notice some really influential names like punk 4156 and Justin Aversano (the photographer behind the popular project Twin Flames). So to get notice of the stealth drops like Cryptoadz that appear out of nowhere, you need to be a part of the inner circles. Or else you can track the wallets of the people who are in these circles so that you can follow their transaction methods.
There are some tools that you can check out which will give you an idea of the notable buyers who are jumping in early and doing pretty well for themselves. So today, we will talk about how specific wallets will help you grab the collectibles early.
We are going to go a bit deeper into the strategy, which is entirely free, and also our discussion will encompass around the drawbacks and mistakes of the same.
Origin Of The Strategy
This strategy can be traced back to the stock investments in which people would sit back and look at the financial filings. This happened in the case of Warren Buffet, so much so that CNBC has a separate Buffet watch segment where you can see the daily tracker of the updated portfolio of Warren Buffet.
Numerous investors also call themselves Buffet clones. These people care more about winning money, and for that, they are willing to check track records 24/7.
The NFT market is full of illiquidity and transparency, which is why individual buyers can have a huge impact every now and then. You should follow the strategy so that you can find the pumps and invest at the right time.
Smart investors always take advantage of the illiquidity, and they have a proper level of granularity so that they can correctly use the real-time visibility. There is no reason why you cannot be one of them, and you only have to use the wallet analysis method.
Advantages Of The Strategy
The first advantage is that you can automatically expand your circle when you find experts in various niches. If you want to get alpha, this is the perfect strategy to implement. Apart from using your own due diligence and studying the different kinds of art, you can start following someone else who is already excelling in this field.
What if there are numerous projects and you do not know which one to vouch for? Then it can be pretty confusing to use your own study methods. You will have to believe in the inner circle of experts, and then you can make your best bet.
Disadvantages Of The Strategy
If you do not vet the collector, you will not be able to understand the strategy behind their line of investment. When this strategy becomes very popular, it becomes ripe for manipulation. Most people will start tracking wallets, and the effect will pose an adverse impact on the NFT graph.
Ways To Find Key Wallets
If you are wondering how, to begin with, you should have a collector in mind. Next, you have to check out their wallet address. If you are lucky enough, you can get their Opensea collection on the Twitter page itself.
For example, you can easily see the collection of Vincent Van Dough, and he has publicized it. If you cannot find them quickly, then you have to snoop a bit by checking the media section on Twitter. Then you can go to rarity.tools and search for the specific NFT.
Last but not least, do your research and homework before you put your best bet in the same.
If you want to try this strategy in the proper manner, then nansen.io is going to help you. It is gaining momentum, and this dashboard will help you analyze the individual wallets. It may be a little bit pricey, but it will be worth the investment. Do you want to do it for free? Here’s how!
Etherscan
Etherscan is an Ethereum network blockchain explorer. You may search for transactions, blocks, wallet addresses, smart contracts, and other on-chain data on the website. It’s a free Ethereum blockchain explorer that’s one of the most popular.
Etherscan can assist you in gaining a better understanding of how you interact with the blockchain, other wallets, and Apps. This understanding can also assist you in remaining safe and recognizing questionable behavior. You’ll need a wallet address, transaction ID (TXID), contract address, or similar identifier to paste into the search field in order to utilize Etherscan.
Depending on what you’re looking at, the information you see may vary, but the majority of it will include related transactions, addresses, timestamps, and quantities. Through Etherscan, you may engage directly with smart contracts to perform trades, check gas fees, and look for airdrops.
