So how to make money flipping NFTs on OpenSea, itis a huge question and it is a thing that becomes more and more difficult because the supplyexceeds the demand, meaning that more people are scheduling NFTs on OpenSea and pretty much allthe marketplaces compared to the people who are willing to buy those NFTs and investing in NFTsseems quite scary for most people because they don’t want to settled money into something and holdit with months or even times, they prefer to flip the NFT, buying it today and reselling it maximumtomorrow up to 48 hours this is how you can make money from flipping NFTs on OpenSea and the othermarketplaces and if you’re ready let’s go for it Hello everyone it’s Petko Aleksandrov, I hope you aredoing well and in today’s video I’ll be talking about how to make money flipping NFTs on OpenSeaand two more marts that I’ve been using recently and it acts even better than OpenSeafor a few rationalizations that I will share with you in this video and as well I will dive intodetails about the fees and the commissions we paid to the marketplace because this issuper important when we are flipping NFTs Now for the very novices, I have to saythat NFTs are Non-fungible tokens with one decision, the latter are virtual parts of artit could be a JPEG, it could be a GIF, a short video and if we are expanding to the Metaverse it couldbe really anything in a digital tournament from Avatar to a wearable or to a house where you are livingor a complete plot of land that you are buying or renting and when we are talking about flippingNFTs, we mean to resell it quickly on a higher price, a few days is the maximum probably aweek but not more, if you contain the NFT for a few cases weeks, month or even years, it is considered to beinvesting and when you are flipping you are just buying and reselling on a higher price, that’s theflipping.So how you do that, the most common way is to use the OpenSea marketplace and if I go torankings, you will see some of the top collects where we can see those with the most prominent loudnes forthe last 24 hours and 7 days which is pretty handy statistic but not enough and some of themost popular collections are the Crypto Punk, Bored Ape Yak club, Sandbox which is a Metaverse and thereyou can own a piece of land you can own the Avatar, you are eligible to own a game and everything in the game isNFT, so first thing to remember is that the NFTs that have some Metaverse, some implementation intoa game have more price. So stay with me now and I will explain that in more details along the video. Now what I want you to pay attention to is the floor price, if I format the collections accordingto the floor price on the top, we will see the ones that are pretty much the most expensive, the floorprice for the novices is the lowest premium in the collecting , now if I click on the Bored Apre Yak Club which are one of my favourites, you can see that the flooring price sits at virtually 49 Ethereumand if I click on buy now, I will see really those that are on a fixed premium and not on an auctioneer, now pay attention to that the two that are with the lowest price at 49 Ethereum are just behinda third one that sits at 50 Ethereum, meaning that if you buy one of the two and you resell it, just1 Ethereum higher, you will be still in the top three cheapest NFTs and this is a common strategywhen we are flipping NFTs, you are searching for the accumulation where the cheapest NFT or maximumtwo cheapest NFTs have a little bit bigger space compared to the third or the fourth NFT in thiscase, “were having” two at 49 Ethereum and the third largest is at 50. So one more go if you purchase one ofthe two and you roll it for 50 Ethereum you will be earning 1 Ethereum alright, and the nextperson who is looking for the cheapest NFTs is certainly have a look at your NFT and you havea huge potential to resell it and 1 Ethereum at the current price is $4000, it is good enough to cover the Gas rewards for the busines , now if the collection has plentyof NFTs at the lowest expenditure for example 0.1 and you have 4 NFTs with 0.1 and then youhave another 5 NFTs with 0.11, you don’t have that opening right if you resell an NFT for 0.01 justas a profit, you will end up losing money because you will be paying Gas costs, this is why I wouldsuggest you to look at all NFTs on the marketplace and on the left side you have the filter whereyou can select the Polygon Blockchain , now for the amateurs the Polygon Blockchain has no Gas fees.So if you resell it on a little higher premium you will be still intention up making money becauseyou are not paying those Gas fees and the client rewards I have explained in details in another videoI will plummet a association in the area so you can get familiar with it. Now I’ll be recording more videosabout how to make money flipping NFTs on OpenSea, and if you don’t want to miss them, make sure tosubscribe to my YouTube channel, this will push my videos to a brand new audience because it is goodfor the YouTube algorithm.Thank you guys so much and too a big thank you to HIGHMONKEY forsponsoring this video, but more on that later Now I will go a little bit more in detailsabout the filters because I want you to know in more details how to make money flippingNFTs on OpenSea, all the NFTs in front of me are on the Polygon Blockchain, as well on the leftside you have the option to select the minimum and the maximum amount you are willing to spend andif you’re a rookie I don’t propose you to jump into those expensive NFTs because you might end uplosing money, for example a good amount to start is somewhere between $200 to 500 and assumingyou like some NFTs on the Ethereum Blockchain you will have to cover Gas costs as well so, probably a thousand dollars is a rational extent that you can start and as well if you are juststarting out and you don’t have an report hitherto, pay attention to the fact that you will have to paya one-time Gas fee when you are registering and you synchronize your account to OpenSea.So let’shave a look at some of the NFTs that are in the range between $200 and 500. Now I will clicksuper arbitrarily on any of the NFTs The Gatekeepers for example I’m not familiar with that collectionbut I want to see the collection and what I’m looking at is the space that I showed betweenthe cheapest and a little bit more expensive NFTs and you can see over here that we don’t havesuch a cavity, those NFTs that are on a secured rate start at 0.0044 and the second one is at 0.0044 and the next one is 0.0045, 0.0045, and we have a few at that price.So if I obtain an NFT at station 0.0044 and I register it againon world markets at world prices of 0.0045 0.0045, first my earning is likely to be simply 0.001 of Ethereum which is almost nothing and at the same time my NFT will go among those thatare at the same price, so one more time you need to look for the collects where there is some spacebetween the cheapest and the third largest, the fourth and the following NFTs. Now before I testify you how tomake money flipping NFTs on two other scaffolds, I want to say a huge thank you to the sponsorof today’s video HighMonkeys, this is a developing NFT project with a huge idea that goes beyond asimple digital piece of art, HighMonkeys is an NFT collectible and pay attention to this, the pre-salemeeting is tomorrow on the 21 st of December at 8: 00 pm 8: 00 pm Eastern time and the public sale is on thenext day, the 22 nd of December it is available for purchase or marketing on OpenSea and highmonkeys.io.Now HighMonkey’s collections are unique 10000 NFTs and collectibles, with a cold-eyed signatureinspired from the notion of changing the feeling from the tense lifestyle to the relaxed lifestyleHighMonkeys is not just a collect of NFTs like other NFTs, but too a Crypto token and a Play toearn game projects are coming up and because the supply of NFTs nowadays transcends the demand, itis super important for a project to apply the NFTs into a game and play to earn activities areprofitable, because the players can actually earn tokens and NFTs while playing the game and youwill be surprised how much fund some people constitute from playing games and this is why I’m lookingfor the HighMonkeys game to be launched and if you check out their white paper you will getfamiliar with the whole project but what I want to pay attention to is the technology itself.Sothe token is a RC 20 clues which is developed on the Ethereum Blockchain. The NFTs and alldigital collectibles are developed on the ERC7 21 and the gaming is on ERC 1155, below you can seewhat I has already mentioned, the Polygon Blockchain where you don’t remuneration Gas rewards, so definitely thatis a project you want to check out because you won’t be paying Ethereum Gas costs if youdecide to buy some of the HighMonkeys NFTs. And the best thing is to get them at the pre-salebecause this is the lowest cost, so thank you guys so much with that said let’s go back to thevideo and what I just said is that the pre-sale is always the lowest price because the OpenSea isaftermarket, this is where people are already flipping NFTs, they are reselling them for profit.So the best thing always is to look for the NFTs on the minting time, if you like a projectyou should keep an eye on the minting time and the other pulpit where you can give it a tryflipping NFTs is Solana, it became favourite in 2021 and the sole token has exploded in ethic, I’ve beentrading it, I have recorded a few cases videos about it and I think it has a huge potential becauseit’s a much better technology according to countless professionals if they liken it with Bitcoinfor example. Now what’s interesting with Solana is that we have the upcoming programmes right on theirwebsite, so here we have plenty of collects but if you look at the central sheet at solanaart.ioand you scroll to the bottom you will see that we have the see you soon on Solana art projectsand this is pretty cool because you can check out their Twitter’s pages and that’s not a bad ideaactually if you liken how many admirers they have, for example the Zoolana at the moment hasabout 14000 admirers, the chimpfight.io and they had minting today has above 12000 followersand the Crypto Pets for example, they have below 10000, but above 6000 which is still prettygood.So if you are looking for project that you want to get before it’s on the aftermarket youneed to join their Twitter’s pages and follow if the audience is actually rising or decreasingbecause if the public, if the community is rising it means there is a huge potential in that projectand getting an NFT on the pre-sale or on the minting date might give you a great opportunityto flip it quickly on a more expensive price, especially those projects that exactly sell outat a time you will end up making money because those who disappointed or missed the point to get an NFTon the pre-sale they will be willing to spend some more fund on the aftermarket and here we go tothe third marketplace where it becomes more and more difficult to grasp an NFT on the launch dateand this is the Veve app and if I open the website vive.me, you’ll see that they are suggesting youto get the app and if I “re opening the” app right now you will see that I can start collecting and what’sinteresting is that the government has comics collectibles and the government has some lowerings that are coming everyother day sometimes every day at a specific hour and in Europe, in Bulgaria where I live itbecomes more and more difficult to grab any of the NFTs and from my customers and someof my students from the NFT course, I is a well-known fact that in the United Position it is more likely toget an NFT.So what’s the idea here, they’re making contracts with popular labels such asSpiderman there are plenty of labels X-men, Dark Hulk, there is the market where you can find manymany NFTs and they are all branded okay, Dreamworks, we have Marvel, Universal, so what we have seen sofar on OpenSea or Solana is pretty much collections or skill from an artist that are likely to be popular but atthe same time might not be popular but with Vive, we actually ensure labelled NFT collections and thisincreased the demand in such values that when they are dropping a new NFT collection, thousands ofpeople are willing to buy and the Buy button exactly blocks and especially in Bulgaria where I live andwe don’t have a super-fast internet, it is truly impossible to get one and what is more interestingactually is that they have pretty cool Rarities, for example the one that just sold out today hasUtra-rare, Rare and Common, Uncommon and Secret Rare and when you are buying you can seethat it says when you purchase from a blind container you will receive a random collectible from thisseries and you won’t know which collectible you get until after payment, so pretty much you fundthe detail and you are waiting on the Buy button and it shows how many seconds are left before thelaunch and when it comes on the right second if you click on it, it’s just sold out because thereare thousands of people and even they roll a few cases hundred or thousand NFTs, they’re being just soldout in a second and this is where we have a bigger requisition than supplying and those NFTs they get onthe market immediately on a much higher price from what they have been rostered at the firstplace, for example those that are listed at $50, jump around 10 experiences the price immediatelyon the marketplace and you will see them at 500 or even more, so if you succeed to grabany of these NFTs you will be most likely able to flip it immediately on the marketplace, a few cases days the premium you paid and pretty much these are the three marketplaces that I usethe most when it comes to flipping NFTs for profits, if you have any other suggestions I’llbe super happy to see them in the comments below and if you have enjoyed the video make sureto support my channel with a huge like, it’s quite late after midnight, so I have to say thankyou guys for watching and just stop the video ..
Get in touch for your NFT project
