Distributing NFTs Through Different Channels

NFTs are controversial, exciting, promising, a breakthrough in technology, and a lot more. No matter what your opinions of NFTs are, there is no doubt about the fact that it is one of the most effective marketing tools in the modern world.

But why are NFTs so popular as a marketing tool? Here are a few reasons:

  • The scarcity of NFTs gives them a unique value
  • Complete ownership of NFTs makes them different from any other merchandise or gifts
  • It is easy to trade and make money off NFTs, which makes it lucrative for both creators and owners
  • They help build customer loyalty in many cases

While NFTs are undoubtedly popular, not everyone can market or sell an NFT collection. The first barrier comes in the form of distribution channels. How do you make sure that people can reach and buy your NFTs? That’s what we will answer here today.

Know your target audience

If you have decided to drop your NFT collection, you must first know who would want to buy it. For example, soccer clubs do not promote their NFTs to basketball fans and vice versa. If you are a die-hard soccer fan, you would be ready to buy a historic soccer moment captured in an NFT.

The first thing you need to do is identify your target audience. You can market to your target audience only when you know who would be willing to buy your NFTs. Without knowing that, you cannot move on to the next steps. Knowing your target audience is the first step to building customer loyalty.

Knowing your target audience is not very difficult in the age of social media. That brings us to our next point.

Establish a social media presence

Social media is by far the most popular channel for NFT promotion and distribution. If you are a creator, we can assume that you already have a sizable following on at least one social media platform. If you do not, work on that before dropping your NFT collection.

It is very important to understand the nature of different social media platforms before you aggressively market yourself on them. Tiktok, for example, has a different user base when compared to Twitter. However, that does not mean that one is less efficient than the other. Ideally, you should have a presence on multiple social media platforms. Having that will make your NFT promotion and distribution much easier.

Listing your NFT on the right marketplace

While all NFTs on the ERC-721 or ERC-1155 protocols are found in OpenSea, listing them in any random marketplace is not the best idea. Depending on your niche, you would have specific listing platforms to hose your NFTs. For example, digital creators are much more familiar with SuperRare, Foundation, Rarible, etc.

You should list your NFTs on multiple marketplaces and have an authentic storefront in each. While it does take more work and time, the rewards and chances of success are much better.

Talk about your NFTs in your own platform

Be it a YouTube channel or a Medium blog, you should always have a space where you talk about your NFTs in detail. If someone is intrigued by the idea of your collection, they would not simply buy it without any research. Unfortunately, mainstream media will not and cannot cover NFT drops, especially when the volume is so high. The solution is to talk about your NFTs on your own platform. Be it microblogging on Twitter, blogging on Medium, or creating videos on YouTube, there must be at least one repository of information about the collection from a fan perspective. Not only will it draw people, but also help with building customer loyalty.

If you follow these simple steps, distributing NFTs through different channels will no longer be challenging.

 

The Basics of Trading Cryptocurrency

Cryptocurrency is a new type of asset that has been drawing the attention of traders all over the world. Because cryptos represent virtual assets, a cyber-based form of currency, the rules and guidelines for making a profit in the marketplace of cryptocurrency are quite different from those that govern traditional stock and bond trading.

The first thing for beginners to do is figure out which of the dozens of major cryptocurrencies to trade. After that, you’ll want to master the basic “mechanics” of trading cryptos. Finally, for those who want to maximize their profits without putting a huge amount of capital at stake, there’s the option to trade Contracts for Difference on cryptocurrencies. Here’s how it works.

The Main Currencies for Trading

One thing investors should do first is choose the cryptocurrencies that suit their own trading personality. There are hundreds of cryptos out there, but only a few that are considered major players. Plus, new ones are cropping up all the time so it’s usually a wise move to choose a few that have been around a while and built up very large followings. As is the case with stocks and bonds, the more actively-traded the asset, the easier it is to sell or buy at any given time. More buyers and sellers make for an active marketplace. Right now, the most actively-traded cryptocurrencies include Bitcoin, Ethereum, Zcash, Litecoin, Monero, Ripple, Dash, Cardano, NEO, Bitcoin Cash, and EOS. There are hundreds more, but these are the ones that see 90 percent of the daily trading action.

How to Trade

The first two items that any crypto trader needs are an exchange, and a virtual wallet to safely store the keys to their currency. As typical crypto exchanges are largely unregulated, you will want to ensure you are using a reliable and security focused service. Forex brokers are quickly getting into the mix of cryptocurrency trading. They are often regulated by the geographical jurisdiction in which they reside. It’s no wonder they are booming in popularity, as they solve the problem of “peace of mind” for traders that are leery about putting too much of their money into an unregulated account. You simply need to select an exchange where you can execute trades. Many beginners use exchanges like easyMarkets for trading Contracts for Difference on cryptocurrency.

Trading Crypto with CFDs

People new to trading cryptocurrency usually want to test the waters with small amounts of capital before committing to larger trades. One of the ideal ways to begin is with Contracts for Difference. These unique financial instruments allow you to get into cryptos without owning the underlying asset.

You’re simply purchasing a “contract” the predicts whether the price of that particular cryptocurrency will go up or down. If you expect Litecoin, for example, to rise in value then you would purchase a CFD to buy at the current price. If the Litecoin market price goes up, then you have earned a profit that consists of the “difference” between your contracted buy price and the new, higher price. CFD trading also gives you the advantage of using leverage by trading on margin. The CFD exchanges, in addition, are much more secure from hacking incidents than the cryptocurrency exchanges are.

Bitcoin Storage: How the Winklevoss Twins and the Rich Store their Cryptocurrency

Bitcoin-Storage

Private bodyguards, secret vaults, and extra layers of cryptography. The world of crypto brings with it a lot of unexpected drama and much needed security measures to protect digital assets against consequent risks.

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Investments in Blockchain Farming and Agriculture

blockchain farming

Hype surrounds cryptocurrencies and their potential to liberate the unbanked and create a new model of finance for the world. Yet, the potential for the underlying blockchain technology to revolutionize farming does not seem to find its way to the news rounds. The agricultural sector benefits from blockchain technology with the help of names like IBM.

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