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How to Market your NFT Project on NFT Launchpads

How to Market your NFT Project on NFT Launchpads

In this article, you will learn how to market and promote your NFT project and what makes an NFT so attractive to investors. In an interview with a partner of a top NFT investor, it became apparent that NFT platforms are rising consistently. 

Of course, we need to acknowledge the hard work and excellent skills of NFT creators. But, it is essential to underline the unbeatable effort of marketing power to get the projects across to investors on NFT launchpads. 

Talking about marketing, you must create a solid sales method to persuade customers to put their money into your projects. A quick reminder, NFT launchpads are already full of skillful minters competing for the same customer you want. 

But the question is ‘How’? Indeed, when it comes to marketing your projects on NFT launchpads, it is not one size fits all. However, there are certain tested and trusted principles you can apply to get the right results. 

This blog post will uncover some of the basics of NFT marketing strategies that can give your projects an edge over tight market competition. To start, let’s share a story of Nike and NFT startup RTFKT

A Brief History About How Nike Acquire NFT Startup RTFKT

We were the original investor in RTFKT back in 2019, even before they started the company. The three founders are Steven, Chris, and Benoit. I first met Benoit Pagotto when I visited the E3 gaming conference in LA in 2019. He shared his vision of creating a digital sneaker fashion brand. I was fascinated by the concept vision, and we knew people were spending more time in the digital world. So creating a brand for a new digital space is a huge opportunity.

People are used to getting commercial goods in games and other VR spaces, and many gaming companies are embracing creators to launch new content on their NFT launchpad. It resonated with us. So we helped them from the company and some initial funding. It feels like a long time ago, but it was just two years ago.

What is the investment process?

These are a few signs to look out for when determining how interesting or investible a project would be on an NFT launchpad. First, you need to look at how much organic content is generated around the project on the platform and where the younger generations spend their time and money.

For example, many people create content for VR chat and strategize how to list it on a public platform. When they publish that content in the digital world, it becomes more natural and familiar.

In the case of Fortnite, older people are buying skins for $25 or $40, and it is now a trend with the younger generations, who spend more time in the digital space and are more contented buying digital goods even though you can wear them in the physical world.

When companies were building new brands in the digital world, that is spot on, and NFTs are allowing several people to create digital content that is authentic on NFT launchpads.

What NFT Projects Do you want to acquire?

We talked about a company called Jadu in Los Angeles, and they were trying to create an original Pokemon game in the real world combined with NFT and AR technologies. That’s an exciting project to pay close attention to even outside NFT launchpads

Another one we got was Divine Anarchy. If you combine Anime into the NFT launchpad, It’s an exciting effort to connect Anime to the games and create new game mechanisms.

One of the firms we invested in is High Rise, a fashion MMO targeting the younger female generation. Users can buy skins and fashion items where they will have fashion shows daily. They are converting arts and other items into NFTs and are launching a High Rise creator program on NFT launchpads.

What Does NFT Mean in Gaming?

In the gaming world, starting from Axie Infinity and Animoca Brands, so many companies are trying to convert NFTs into gaming. Also, some companies are waiting from the sidelines, but there will be a lot of ample opportunities for creators, artists, and game studios to look into it.

NFTs are taking on unique shapes and not just art. It has gone beyond the casual. They have utilities beyond just being hung on a wall. From blending fashion to anime mechanics in the digital world, it has been a fascinating time.

Are NFTs a Good Investment Opportunity?

When we first saw Bitcoin in 2010 or 2011, we didn’t think it would be an opportunity. We bought and sold a few rights after Bitcoin was only around $300. We lost a massive fortune on the table. That was only one of our early big learning lessons.

When mobile gaming became a trend, most people assumed it was just a fluke or a tiny portion of the large gaming market. Now mobile has become two-thirds of the gaming market. A lot of people and we missed this opportunity.

We didn’t want to miss any other emerging platform like NFT launchpads. When we first learned about VR, we started investing. We took the plunge when we saw blockchain technology and invested in it quickly too. Those lessons also pushed us to look for new opportunities in the digital space. Currently, technologies like VR, blockchain, NFTs, and Metaverse have a significant historical moment that we will realize in hindsight.

In Conclusion

We have strategically presented how you can take advantage of the NFT launchpads and other marketplaces to teach you first practical ways to benefits from NFT projects. From how Nike, the shoe company, first spotted RTFKT and acquired it, that’s an excellent way to learn pro marketing techniques that will separate your NFT project from your competitors on the platform. You also know how to generate a fortune from the organically growing community.  

Before you begin strategizing on how to promote your NFT on NFT launchpads, you need to draw a solid marting plan and manage your ads adequately to get the best result. 

Most Frequently Asked Questions About NFT Launchpad Mining

Most Frequently Asked Questions About NFT Launchpad Mining

The recent boom in the NFT marketplaces has awakened many people as non-fungible tokens became the new source to make a fortune. As the trend continues to surge, competent NFT experts are making interesting impacts by creating valuable digital assets that command huge sales and profits. 

As the NFT community grows, more people are putting their skills on the line to create more upcoming nft project on various NFT launchpads. Have you ever heard the word ‘mint’ before? Now you can understand better. 

Related: Most Frequently Asked Questions on BNB Crypto Launchpad Subscription

NFT launchpads offer you numerous opportunities to make money in whatever capacity you want. Depending on your financial strengths and goals, you may participate on the platform as a creator or inventor. To create on NFT launchpads, you need to learn more about mint.

What does it mean to mint on NFT launchpads?

In the NFT space, Minting means publishing your unique token on a blockchain to make it purchasable for interested investors. In simpler words, it lists a token you created for sale on the NFT launchpads where customers can see and buy it. 

Most Frequently Asked Questions About NFT Launchpad Mining

Here is a simple step-by-step for minting: you first create a digital wallet that can protectively store cryptocurrencies. Some of the most prominent wallets for Minting are MetaMask, Coinbase, and Rainbow. After that, you will have to purchase a little crypto to cover the charge of minting on the NFT launchpad. Lastly, you will link your wallet to a credible online marketplace such as OpenSea, Zora, and Raible.

It is possible you still don’t understand how NFT works even though the concept is fast rising. In that light, we have helped you compile a series of most frequently asked questions on NFT Minting, and we provide tailored answers from experts to clear your doubt. 

These FAQs are also here to give you helpful tips when troubleshooting during a live mint. You can refer to this article whenever you have issues when minting on an NFT launchpad. Without further ado, Let’s go into the questions and answers.

Most FAQs about Minting on NFT Launchpad 

Why can’t my wallet connect to mint on a launchpad?

There have been many issues about the wallet not connecting to mint on different NFT launchpads. So, you are not the only one experiencing hitches with your wallet. To solve that issue, you must clear every cache on your current browser to free some spaces. Then, try connecting your wallet again. If the problem continues, you may use another browser – preferably Google Chrome. Most minters across various launchpads use chrome or Brave.

Most Frequently Asked Questions About NFT Launchpad Mining

Why am I still unable to mint even as I’m on the whitelist?

This problem seldom occurs, but it is easy to solve. If you are on the whitelist and cannot mint, it is likely that your wallet address has not been added to the whitelist. Meanwhile, the address may be written on the initial list, and it didn’t make the final list. Some NFT launchpads require collections to tender the final whitelist about two days before the launch. If you can find your wallet address in the final whitelist, kindly contact the platform’s helpline.

Why is my transaction not going through after I have clicked on the ‘mint’ button?

Yes, you may be frustrated seeing ‘transaction failed’ consistently as you try to launch. When that happens, it is primarily a result of network congestion. NFT launchpads are global platforms. By implication, you should expect that a lot of people are also mining when you are trying to do the same, which could cause network failure. 

The only remedy to this issue is to wait a bit and try to click the ‘mint’ button again to resubmit the transaction or start another one. Here is another trick: try to open multiple browser tabs and shuffle between them at intervals. It may increase your chances.

I can’t mint an NFT; why?

 As said earlier, many people might be trying to mint at the same time as you, and there is a limited supply of the token collection. As multiple transactions are going on simultaneously, some are expected to fail while others go through. So, if yours fails, don’t be frustrated. Know that many other minters are facing the same problem as yours. This issue always happens when you mint a popular collection—a little advice: You may deliberately choose a less popular collection to have a smoother flow.

What can I do to increase the chance to mint more successfully?

Of course, you can improve your chances of minting more efficiently with a few tricks. Ultimately, you make sure you get a fast and stable internet connection. Then, you may choose a PC over a smartphone in the process. Although, several resourceful smartphones can help you mint without stress. Yet, computers have proven to be faster on different occasions. 

Most Frequently Asked Questions About NFT Launchpad Mining

Why can’t I mint even with the right amount of SOL?

Due to Solana’s transaction fees, you may have to get more SOL than the estimated price of the mint. Meanwhile, you don’t have to spend more than necessary. You only need around 0.02 SOL to make things perfect. So, if you cant mint on NFT launchpads, check your balance.

When will my NFT project get listed on the platform for sale?

For most NFT launchpads, your mint gets listed for sale after completing the Minting. If there is any delay afterward, you may check the network and refresh the page to see updates about new listings. That is more reason to ensure you work with a fast and reliable internet connection. 

In Conclusion

The above questions and Answers cover everything you need to know about minting on NFT launchpads. If you follow the simple instructions in the answers sections above, you will mint like a pro even if you are a first-timer. 

This is how nft launchpad games project work

This is how nft launchpad games project work

Long before esports—the competitive video gaming industry—was widely recognized as a legitimate profession, popular nft launchpad games project such as ‘Diablo II’ (2000) or ‘Runescape’ (2001) established fully fledged digital economies in which the best players could earn a living simply by being good at the game. Indeed, one of your co-authors, Moritz Baier-Lentz, was able to fund his undergraduate and graduate school by completing in-game tasks and selling the associated prizes for real money—at one time, more effectively than any of the game’s 13 million active players.

However, the early 2000s were a ‘Wild West’ of digital assets, virtual ownership, and online identity—and nft launchpad marketplaces and transactions were never completely legitimate or secure, making stories like this one more of a case study in deft individual entrepreneurialism than a viable professional pursuit.

Massive expansion of the gaming industry, based on centralized value systems

Today, about 3 billion people worldwide play video games, and a whole infrastructure has developed around professional gaming, providing enormous chances and money for elite players. The absolute best of them are classified as athletes, earning salaries as team members, sharing in tournament prize money, and demanding expensive sponsorship deals. Others monetize their live broadcasts by gaming on audience sites like as Twitch or YouTube Gaming.

According to BITKRAFT Ventures, video games have grown to a $336 billion business, including a diverse range of software, hardware, and intellectual property. As gaming has evolved to become the world’s biggest media category, surpassing linear television, on-demand entertainment, cinema, and music, it has acquired specific features. Notably, practically all economic activity associated with NFT launchpad games project is centralized, giving creators and publishers complete control over everything that occurs inside their NFT launchpad games project. 

The financial reason for this is to collect the billions of dollars created by the sale of in-game content, digital objects, and subscriptions—but it also means that the great majority of players have little opportunities to participate in the value without professionalization.

This traditionally custodial model of ownership and profit sharing has survived as the business has grown—but it may be about to undergo a paradigm shift with the introduction of so-called NFT launchpad games project. This sort of video game enables players to ‘really’ earn and own digital assets, which they can later sell independently of the game.

Play-to-earn may put gamers’ digital identities, assets, and ownership in their hands.

If people are to devote significant time, attention, and personal resources to digital environments, it is critical to create faith in the permanence of their digital presence and goods—as well as their economic resilience. Early implementations demonstrate that this is indeed possible using blockchain technology, which can assure digital trust and a decentralized storage of value through cryptography.

Blockchain technology is already being used in a wide variety of industries, ranging from banking to art—and video NFT launchpad games project are no exception. NFT launchpad games project depend on blockchain technology to create wealth, including in the form of non-fungible tokens (or NFTs). A non-transferable token (NFT) is a digitally protected claim of ownership for a single, non-transferable digital asset. In practice, NFTs may take on a variety of forms inside virtual environments, including people, goods, land, and ornamental customization elements such as digital apparel. Individuals ‘earn’ the most precious things by doing very well in the game and may then sell them for real-world money on their own terms.

This is how nft launchpad games project work

The actual revolution is in the decentralized integrity and security of these digital goods, which may now transcend a company’s or even a government’s conventional proprietary, custodial ownership and discretion. For instance, rather than depending on the permission or regulations of publishers or other third parties, in-game resources from pay-to-win games may be freely traded on markets both inside and outside the game.

Numerous communities have cropped up recently, demonstrating the potential for NFT launchpad games project to help develop a new economy. Notably, the computer game ‘Axie Infinity’ demonstrates that this is more than a pipe dream. The popular play-to-earn ecosystem has grown from 4,000 to 2 million daily active users in a matter of months, with particular traction in the Philippines and Venezuela. For participants in nations such as these in the Global South, the money they may make in the digital realm is significantly more than the revenue they can earn in their local physical economy.

Additionally, ancillary scholarship platforms,’ such as Yield Guild Games, that enable and educate players in emerging economies to participate in NFT launchpad games project, have attracted significant investment and grown to be billion-dollar businesses in a matter of months, eclipsing the value of many of the most popular video games. By globalizing the market for game-based non-financial transactions in this manner, NFT launchpad games project and their associated platforms demonstrate frictionless economic opportunity and meritocratic participation across regions. It is 2021, and the planet seems to be flatter than it has ever been.

For the time being, it’s worth highlighting that NFT launchpad games project do not naturally and completely remove the centralization inherent in games: they still need the publisher’s power to define, issue, and regulate the asset that ultimately becomes an NFT. Rather than that, the greatest promise of NFT launchpad games project is in their ability to decentralize marketplaces for the creation, ownership, and exchange of digital assets, as well as the potential created when these marketplaces are connected to the traditional economy and fiat currencies, allowing players to convert their digital time, effort, and earnings into physical disposable income.

Owning and participating in critical components of these new worlds generates significant financial benefits for those who believed; many of whom will be from developing economies that jumped on the opportunity when it presented itself.

For gamers, the NFT launchpad games project concept may provide a novel and flexible method of earning money. However, it also represents some of the dangers inherent in the digital economy, which risks generating “people as a service”: employment insecurity, insecure connections between enterprises and employees, and a lack of social safety nets. Given the existing disproportionate representation of freelancers in the creative sector, these are all factors that policymakers must address.

This is why NFT games will change the gaming industry forever

This is why NFT games will change the gaming industry forever

The NFT games business has exploded in popularity as a result of the COVID epidemic, and is on course to generate $180 billion in sales by 2021. At the same time, there are obstacles, and the sector is ready for upheaval. Blockchain games with earn-as-you-play features and non-fungible tokens are set to permanently alter the scene.

You’ll discover in this article:

  • What are the gaming industry’s current issues 
  • What are play-to-earn NFT games 
  • How do they address the gaming industry’s current challenges 
  • What has to happen for P2E NFT games to become widespread

Continue reading to see what makes this new generation of gaming so interesting.

What are the gaming industry’s current challenges?

Pay-to-play, free-to-play, season passes, and downloadable content (DLCs) have all become very popular and profitable business models for nft games free to play. However, each of these has trade-offs.

1. The conventional approach – “Pay-to-Play” and downloadable content

While the pay-to-play business provides an engaging gaming experience, there is an entrance hurdle. You must pay for the game in advance, and in certain situations, you may also need to purchase an expensive gaming device or computer to run the game successfully.

After a game is released, game companies typically issue DLCs or season passes that feature more missions, characters, and goodies. The issue here is that some studios have abused this by releasing sub-par goods at launch and attempting to remedy them via different updates. Certain content is even hidden behind DLCs or season passes, requiring you to pay an additional fee to get the complete gaming experience.

2. Microtransactions and the “Free-to-Play” paradigm

Free-to-play League of Legends and Fortnite have grown in popularity lately, particularly among mobile players, owing to the fact that gamers get the complete game for free. However, game companies get revenue via advertisements and microtransactions. It’s rather aggravating to see an advertisement flash up every ten seconds. Learn more about EA drops microtransactions.

To entice players to spend money, some game developers balance gameplay in favor of features that need microtransactions, such as goods with enhanced stats. This is referred to as “pay-to-win,” and it is infuriating for players who do not choose to or cannot afford to spend their hard-earned money on improving their in-game character quicker. That is why NFT games like Starcraft and League of Legends have formed the backbone of the eSports sector, since they are really a contest of talent, with the winner being the best player.

3. Establishing a Career in the Gaming Industry

It’s challenging for the typical player to establish a viable profession in gaming. If you’re really talented at a game, you may pursue professional status and join an esports team. However, only a select few achieve professional success, and a professional’s career is often brief.

Gamers may also try creating video on sites like as YouTube, Bilibili, or Twitch in order to make subscription fees or get sponsorship partnerships. However, you’ll need to begin promoting yourself and often “whale” on NFT games in order to cover all of the information. Additionally, it takes time to develop an audience before achieving success.

Finally, apart from these gaming economic strategies, players are mostly at the mercy of game publishers nowadays. While players may have paid for in-game skins, characters, and stuff, the game publisher maintains them all and may simply choose to remove them or even ban / terminate your account. Additionally, game publishers have strict restrictions on how in-game characters and objects may be traded, since they want the largest number of players to purchase their NFT games or pay for stuff.

This is why NFT games will change the gaming industry forever

So, what are play-to-earn non-financial-transaction NFT games?

Play-to-earn is precisely what the name implies – you play a game in order to earn money, in this instance, cryptocurrency. This adds another layer of complexity to video NFT games, shifting the emphasis away from pay-to-play or pay-to-win and toward play-to-earn.

NFTs (non-fungible tokens) are digital tokens that are one-of-a-kind. They denote ownership of Internet-related objects such as art, music, and memes. Characters, skins, weapons, and other in-game things may all be considered NFTs in the gaming environment.

Thus, play-to-earn NFT games enable players to earn money while maintaining total ownership of their characters and in-game assets.

How can play-to-earn NFT games address the gaming industry’s current issues?

The P2E model resolves some of the current concerns with conventional gaming, since the game itself is often “free,” and earning and spending money requires skill. The more skilful you get, the more crypto you earn to spend on character upgrades. While there will always be whales, you may now compete using the cryptocurrency you earned by playing the game.

P2E NFT games provide players with a new revenue source if they are not interested in becoming a dedicated eSports gamer or broadcaster. You may need to make an initial commitment, but if you play consistently, you will earn it back and more. This is especially effective in poor nations, where the profits on P2E NFT games far exceed the minimum wage. Are you not convinced? A 22-year-old man used the money he earned playing Axie Infinity to purchase two properties. This is a game-changer (pun intended) in and of itself!

Additionally, NFTs resolve the ownership issue. Because the majority of P2E NFT games are entirely decentralized, no one may terminate your account. You may trade, sell, or even lend your character to other players in a P2E game in return for cryptocurrency. This increases the in-game cryptocurrency’s value exponentially, since it is required for every transaction. The greatest aspect is that gamers can immediately sell in-game bitcoin for cash, generating additional revenue from P2E NFT games. Click here to get about blockchain & cryptocurrency laws and regulations.

What is required for play-to-earn NFT games to become popular?

P2E NFT games need more time to build. At the moment, there are certain restrictions.

The most evident disadvantage is the complexity of installation. It’s simple to create a profile for a play-to-earn game. However, the difficult aspect is creating your cryptocurrency wallet. To get started, you may need to purchase some ETH or an in-game persona, which comes with significant gas costs. As a result, the NFT games remain relatively inaccessible to the typical player who has never dabbled with crypto.