Your next drop – what you should keep in mind (2/2)
This is the second part of our series. The first part about what you need to know about your next drop can be found here. In this article, we’ll give you more tips for your next drop.
1. Too cheap or very expensive? Beware
Owning NFTs is an investment like any other. Keep in mind this rule of thumb: spend only what you are willing to lose. Even if you’ve followed the tips from this post and you like the project, take a moment and see if it fits your budget. But beware, you don’t want to buy an NFT just because you can afford it. Remember to research each project thoroughly and always ask yourself if the project, the artist, and the community are a good fit for you.
2. Don’t trust direct messages
Maybe you follow some NFT channels on Instagram, Twitter and other medias like the author, in which case you’re almost guaranteed to have received one or two direct messages with promising drops. Don’t respond to them. While you can get lucky and be one of the chosen ones, the probability of a scam is much higher in your DMs. So, especially as a beginner, you should stay away from them.
3. Find drops
NFT drops happen daily and are announced in many places: Twitter, Discord, Instagram, NFT marketplaces and your own communities are great places to stay up to date. But stick to tip #2 and avoid direct messages. If you’re into metaverses like The Sandbox and Decentraland, you’ll quickly catch the drops happening there.
You will get regular information about drops on these platforms:
NFT Lately – Newsletter for drops, news, releases and exclusives.
NFT Evening – News, articles and a calendar for drops and events.
NFTdropscalender.com – Upcoming NFT events and drops.
These tips will help you make a better decision when buying NFTs. But keep in mind:
All investments, including NFT investments, involve risks that may result in loss of asset value, financial loss, or legal consequences. In this article, we only want to inform you, not give you financial advice. Seek the advice of a licensed financial professional before making any legal or financial commitments.