Learn about the process of joining NFT whitelists from scratch.
The skyrocketing popularity of NFTs (non-fungible) tokens has triggered a rivalry between collectors, with everyone eyeing rare NFTs. At the same time, scams have swept the NFT space, creating an environment of mistrust. To solve the rivalry issue and separate genuine NFT collections from scams, NFT providers (creators and marketplaces) have come up with the concept of whitelisting.
If you have read about NFTs or have an interest in collecting rare collectibles, you might have heard of the term 'NFT Whitelist'. In this blog, we discuss NFT whitelists and the process of getting whitelisted in detail.
Whitelisting means approving certain IP addresses and wallet addresses to participate in an activity. Since crypto and NFT projects focus a lot on community building, they may have thousands of community members even before the launch. These projects have a certain fraction of their total supply reserved for the community members, to provide them with exclusive access before the launch.
While the number of NFTs might be fixed, the demand surpasses the supply more often than not. To democratize the participation process for a private sale or exclusive access, NFT projects resort to whitelisting. NFT whitelisting allows community members to register their interest for the private sale and then, a certain number of wallet addresses are whitelisted for the private sale based on certain pre-determined conditions.
There are various tactics that NFT projects use to invite entrees for whitelists. Generally, most projects release a whitelisting form. Interest users are required to fill out the form and provide certain details, including their wallet address, the reason they want to join the private sale and their email address.
In some cases, interested users may also have to perform a certain activity, i.e. following a Twitter account or liking and retweeting a tweet to be eligible for private sale whitelisting. Below is an example of the same.
There are three key reasons NFT projects use whitelists:
The process to get whitelisted for an NFT private sale may vary from project to project. But here are some general steps to maximize whitelisting chances:
Note: You must sign up on a crypto wallet and top it up to get whitelisted for an NFT private sale.
NFT whitelists allow project owners to grow their community, reward early adopters, counter gas wars and establish authenticity by preventing scam interactions. They also help NFT projects create a buzz online for greater visibility. Anyone following the aforementioned processes can apply for an NFT private sale whitelist. However, remaining active in community channels increases your chances of getting whitelisted substantially.
Are you planning to launch your NFT private sale whitelist? Building a community is a prerequisite for that. Sign up on Blaze now to grow your audience and track engagement in real time.