What is a mint and how to make money from it

A mint is an NFT coinage, otherwise the very first generation of NFT.

How does a mint go? Basically there are two stages. These are the WL minting and the Public Sale.

WL - White List gives you the right to buy the collection before anyone else + the price is lower than at the Public Sale

There are a few ways: Investment, Flip, Resale

Investing

You invest in NFT in the same way as on the stock exchange. You buy on a public sale or on WL and wait for the X's. In good projects it is very profitable (you can get 5-10x), but if you miss the moment, you can catch fomo (fear of missed profit).

Flip

Flipping is buying with the aim to sell quickly on raising the lower price threshold (floor). Flipping is very profitable, but sometimes you can catch a huge fomo

Reselling

You need very good understanding of market behavior and some good luck to make such kind of profit on NFT.) You can catch 50-100%

Now that we know what a mint is, we can move on to networks which support NFT

The most popular networks: Ethereum, Solana, BSC.

I will describe each of them in more details

The most popular network for NFT. Now all the top seals worth millions of dollars are held on Ethereum. All brands and whales hang out here. Reliable network, rarely suffers problems and attacks.

Minuses

The main problem is the war for gas (gaswar). What this means? When you want to mint your image you have to pay gas (commission) for the transaction. During the gaswar your transaction may not go through, and there is a chance that you will stay without your image, but you will pay for the gas. That's why you have to increase the gas yourself. It often happens that NFT costs $300 and you pay $500 for gas. Also the downside is the commission on everything. There is literally a commission on every action.

Second most popular network. Now a lot of profitable projects on this network. Take at least the Okay Bears. Mint was worth 1.5 SOL, you could sell it for 159 SOL. The main advantage of the network are cheap commissions, a couple of bucks you enough for thousands of transactions. The relatively low price of a mint 0.5 - 2 SOL.

Minuses

It is unreal to mint manually. You'll need a bot to mint on Public Sale. If you have a WL, your situation is much better.

Mint on this marketplace is different. Earlier it was impossible to mint NFT manually, but now the situation is as follows: first you have to hold a certain amount of BNB (amount is specified by collection creator), then you will be given tickets, if your ticket won you have the right to mint NFT, if not - you will get your money back.

Minuses

You have to hold $350, sometimes more. Not suitable for lowbanks. What would be the chances will have to have multiple accounts.