How does whitelisting work for NFT projects?

[magneto]

Just curious about this since I've seen it thrown around a lot.

Why is whitelisting important for a NFT offering and why are people so desperate for it to the point that they are willing to pay money to get Whitelisted? What is it from the issuer's perspective that drives this necessity?

Thanks in advance!

magneto

[malcovi2]

Just curious about this since I've seen it thrown around a lot.

Why is whitelisting important for a NFT offering and why are people so desperate for it to the point that they are willing to pay money to get Whitelisted? What is it from the issuer's perspective that drives this necessity?

Thanks in advance!

magneto

1. whitelisting is like similar to pre-sale the lowest price that they are going to sell it or sometimes they give you the nft for free.
2. it creates the illusion of FOMO, whitelisting was very effective during the ATH of nfts because they are required to entice people to join the group but today people are cheating it by letting in bots.
3. people in the WL get to have benefits, unique NFTs, airdrops, special treatments, and future benefits in the roadmap.

[X-ray]

When it's related to the popular NFT, the hype will so big and the chance to make money from being whitelisting to minting NFT will be so high. The whitelisting participants will able to pay less money and they will get huge ROI even when NFT gets traded on opensea.
In my opinion this is the main thing motivate all of people are rushing to join in the whitelist. They wanna get a very big advantage to multiple their money instantly but remember if this is not a token which is liquid.
NFT was not liquid so this depends on their luck

[CaVO32]

When it's related to the popular NFT, the hype will so big and the chance to make money from being whitelisting to minting NFT will be so high. The whitelisting participants will able to pay less money and they will get huge ROI even when NFT gets traded on opensea.
In my opinion this is the main thing motivate all of people are rushing to join in the whitelist. They wanna get a very big advantage to multiple their money instantly but remember if this is not a token which is liquid.
NFT was not liquid so this depends on their luck

This is only true for high potential projects, wherein, a lot of people are chasing to be included in the whitelist. Because the chance of earning good money is there once they launch the project in public. So some are really after to be included in the whitelist, even if we say, some are asking KYC. And most of the time, they need higher investments, where regular crypto users can't afford. So before you think of being included in the whitelist particularly in NFT projects, better do your own homework first. Don't just believe from fud.

[Maus0728]

Basically, whitelisting allows people to cash cow various NFT projects in the space, to maximize their financial gains.

Whitelisting, similar to the ICO craze of 2017, is just a procedure of having your wallet address pre-approved for the project's future releases so that you will be one of the selected few people who may buy their assets at a premium price. And few of the primary benefits of being whitelisted are:

1. Discounted price
2. A chance for a free airdrop
3. Avoid gas war
4. As well as to flip NFT's to maximize the discount price.

No wonder why people even create a group of NFT hunters whose sole purpose is to whitelist their accounts to milk these projects.

[cryptoaddictchie]

Just curious about this since I've seen it thrown around a lot.

Why is whitelisting important for a NFT offering and why are people so desperate for it to the point that they are willing to pay money to get Whitelisted? What is it from the issuer's perspective that drives this necessity?

Thanks in advance!

magneto

Obviously its for the profits that they could get from it. These whitelisting on nft is kinda a scarce and a huge hype. A 0.1eth minting could be worth 1, 2 or even more eth upon launching of the nft. So thats like more than 10x or more already. Why the price easily go up? Its because of the possible hype or trend on that nft. There are many users whom are earning huge from these and even buying whitelist slot for such money.

[Blowon]

Why is whitelisting important for a NFT offering and why are people so desperate for it to the point that they are willing to pay money to get Whitelisted? What is it from the issuer's perspective that drives this necessity?

the whitelist is limited to only a few random winners or certain conditions can win it, with the whitelist we get a very rare limited NFT with unique uses or a high price in the future, but when we get the whitelist we are still asked to buy the NFT at a predetermined price. it is determined that some people who can't afford to buy NFT with whitelist prefer their whitelist at a high price because usually after the NFT is sold out the price will explode

[crwth]

If you want to get a discounted price of the NFT or get in before anyone else, it's like getting ahead of everyone with the project. You can have a higher chance of profiting if you get in it that way. From what I have seen and experienced, you have to do tasks like something below to be qualified.

• You have to follow social media accounts
• Retweet posts
• Putting contact information (so they can follow up on you or something)

Something related to the above could get you in a whitelist, and sometimes it's even given as a raffle or something. I'm not sure how you can secure a spot like that, but I noticed with all the NFT projects that I have seen.

[Pterosaur]

Whitelisting is like getting a discount on your investment just like those IEO discounts years ago and we all know how trending NFTs are right now, there is a chance of making bigger gains from the NFT whitelist thats why people don't joke with white listing.