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00:00:00 – 00:07:09
The video revolves around strategies for making money through NFTs, focusing on methodologies, evaluation criteria, and the importance of credible founders. Initially, the speaker discusses two main methods to profit from NFTs: quick flipping post-minting or long-term holding after thorough analysis. Examples illustrate the varying success of these strategies. A crucial aspect considered in NFT investment is the founders' credibility, with a preference for doxxed founders who have verifiable backgrounds. The speaker cautions against projects propelled by media hype or endorsements from inexperienced influencers, noting that they often lack long-term value. Notable figures like Gary Vee, with his V Friends NFTs, are highlighted as examples of trustworthy founders. Evaluating founders' backgrounds through social media and past affiliations is advised to avoid projects with dubious backgrounds. The video concludes by hinting at further content on advanced NFT investment strategies.
00:00:00
In this part of the video, the speaker discusses strategies for making money with NFTs and how to identify profitable projects. They highlight two main methods: minting an NFT early and selling it quickly, or minting/purchasing an NFT and holding it long-term. An example is shared where an NFT bought for $250 was sold for $1200 after 11 days. Another example shows a less successful flip where an NFT’s value dropped post-minting. The speaker prefers long-term investments in projects they have thoroughly analyzed and shares their approach to evaluating NFT projects to determine their potential for profit.
00:03:00
In this segment, the speaker discusses how to choose NFT projects based on the founders. They emphasize the importance of selecting projects with doxxed founders, as it provides more information about their background and reliability. The only exception is if a non-doxxed founder has a proven track record of success in previous NFT projects. The speaker highlights that good creators and teams are crucial for the value increase of NFTs.
The speaker warns against investing in projects solely gaining value through media coverage or social media, as these are often short-term without substantial goals or experience behind them. They cite examples where normal, inexperienced individuals or influencers like Logan Paul and Paris Hilton launched NFT projects that lacked genuine value or long-term commitment.
To evaluate a potential NFT investment, the speaker advises investigating the founders’ backgrounds through their websites, social media, and any past affiliations. They caution against projects involving founders with suspicious activities or inflated social media followings. Finally, the speaker mentions Gary Vee as an example of a founder associated with a good NFT project.
00:06:00
In this part of the video, the speaker explains the importance of knowing the background and credibility of an NFT project’s founders before investing. They highlight Gary Vee as an example of a reputable figure in the NFT space, noting the benefits of owning his V Friends NFTs, such as access to his conferences. The speaker advises against purchasing NFTs based solely on influencer recommendations, as these are often paid promotions. Personal examples are provided, including buying an NFT from Avenged Sevenfold, which also offered concert tickets. The speaker wraps up by teasing a future video on the next steps for successful NFT investment.