Why Launch your NFT Collection?

WHY YOU SHOULD LAUNCH YOUR NFT COLLECTION

Welcome to the secondchapter of our NFT Creation Course! In this chapter we are going to look at the reasons why Launching an NFT Collection is a good idea. Of course, it doesn't make any sense for us to do a course learning how to create NFTs without first assessing whether it is a good choice or not, so let's get to it.

Are NFTs for Me?

We will differentiate between two cases in which you are sure to find yourself:

1º You want to create a business but you do not yet know exactly which one or how to execute it.

2º You already have a business (or a business idea) and you want to grow it.

The benefits are practically identical in both cases, but we will still see them separately. Remember to read all the details because at the end you have a practical example in which we will see it more clearly.

I want to start a business: Do NFTs work for me?

If you want to create a business, whatever it is, using NFTs as a medium or as a business itself can be a great idea for several reasons.

We must be clear that thousands of NFT collections are created every day and only a small percentage are successful.

This does not mean that it is impossible, much less if you know how the industry works and use it to your advantage. And that is precisely what we will learn during the course.

We must also make it clear that creating a successful NFT collection without investment is much more complex and will require much more time and effort. That is, the more capacity we have to invest in our collection (art, equipment, marketing, development, etc.) the better results we will be able to achieve more easily.

The point is that the opportunity exists, it is real, and if you take advantage of it you can create a business that works and generates income through NFTs.

Advantages of using NFTs to Build Business

The advantages of creating a business using NFTs as a medium are clear: 

I HAVE A BUSINESS, CAN I TAKE ADVANTAGE OF NFT?

If you already have a business, the advantages are practically identical, yes, we will have won a lot since it will be easier to gain the confidence of investors. But it also has an extra disadvantage; we must find a way to fit a utility in the NFTs related to your existing project.

But don't worry about that, in the next chapters we will see how to decide what utility to offer in an NFT collection.

Again, if you already have a business you will be able to get extra funding to scale it, increase your reach to potential customers, forge a loyal community around your product. In short, it will open the door to boost the growth of your project.

Our example (Smithii) is clear. While we are creating our product we create community in social networks and take advantage of the "NFT Collection" effect to improve the performance of the work we do in terms of marketing.

That said, let's take a look directly at a real example that can serve as a reference and that I personally like a lot. This is the NFT "Meta Tattoo Club" collection.

SUCCESS STORY WITH A REAL BUSINESS

Meta Tattoo Club is a NFT collection created by a Swedish tattoo studio. It is a very striking case as they have managed to sell 8888 NFTs. And not only that, the collection is still active and is keeping at a moderately good point.

As they tell us, they wanted to expand their tattoo studio and the tattoo culture around the world.

Undoubtedly a reference when it comes to creating hype around the concept of the tattoo with a resounding success in the Solana network.

As mentioned above , they sold 8888 NFTs at a price of 2 Solana at launch (October 2022). That is, they made a total of 497,728 USD on the mint alone.

In addition, they currently have a total volume of 140k Solana. The numbers speak for themselves.

And if that doesn't sound like enough, they have also built a gigantic community. Currently almost 12,000 followers on Twitter and a large number of interactions on each post.

Of course, there is also a risk, because if we do not keep the project active and working properly, it may imply the total loss of our business.

Despite all the above, remember that this is not for everyone. In other words, it is just another way of starting a business, with its pros and cons. 

After learning everything we are going to tell you in this course you must decide for yourself. If you see it viable and applicable to your situation and personal case, go ahead. Do not get carried away and reason before taking any step forward.

Thanks for reading, here's to the next chapter, see you there!