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I'm gonna keep this thread simple, just want to put yall on since I haven't seen any mention of Solana at all yet. Solana is a new crypto currency traded primarily for NFTs. It is a fresh and competent runner up to ethereum due to its lack of high gassing fees, and its lightning fast transfers.
Step 1. Get Solana: If you don't know how to buy crypto, the easiest way is through the coinbase mobile app. Purchase Solana through whatever medium you prefer.
Step 2. Get Phantom Wallet: Phantom wallet is the recommended wallet for Solana traders, but there are alternatives. https://phantom.app/
Step 3. Send the Sol you bought earlier to your phantom wallet address.
Now you are ready to trade nfts with solana. Where can you do this? --
Secondary Markets:
https://solanart.io/ <-- Biggest market. Has the most sales info.
https://digitaleyes.market/ <-- Second biggest
https://magiceden.io/ <-- Only purchase nfts that are verified with a collection. People have been known to upload fake nfts posing to be new mints.
just simply connect your phantom wallet to the websites to start trading.
Primary market? (MINTING)
What about the primary market you're asking. This is where the term minting comes in. Think of minting like so, you are at a restaurant and you see one of those little vending machines that take a quarter and you get a little surprise from. Each different nft collection is like one of those vending machines. Before they hit the second market, they were sold directly from the artist for a flat (usually affordable) price. When you mint a collection you have the potential to get a very rare or very basic one -- but so far every collection I have minted seems to sell on the secondary market for a profit regardless of rarity. A collection with a big following could mint for less than 1 sol, and immediately be worth 10x or more on the secondary market.
Research:
Just watch twitter. That's about it. The collections that have the most hype on twitter and in their discord sell out the quickest and sell for the most after their initial mint. Do your own research.
Avoid scams. Once you join any nft-related discord you will more than likely start getting messages from people either trying to scam you and steal your wallet or people trying to promote other projects. You can change your discord settings to avoid that.
Why should you take my word for it? I don't know, do what you wanna do, but what I will say is I started doing this only about a week ago, starting from a free giveaway nft, and I now hold about 120 sol+ in nfts. (€16,500 right now) I say get at it while its fresh and hold, Solana is only going to get bigger and bigger. Good luck people, leave a like if you make some money.
