NFT and NFT marketing is emerging as the most wanted business of the crypto world. The Non-fungible tokens have the world the real example of the exclusiveness and the need for blockchain in the world. People always value things that are unique. NFT is definitely such a thing that gets more attention among the people. The concept of the NFT is the tokenization of the assets. The asset can be both digital and physical assets, the specialty of the Non Fungible token. Is tokenizing the assets with NFT standards to make them indivisible and different from each other/The token standard here plays an important role in the process, there are different types of token standards in the blockchain, but the NFT has its own specific types.
For example, if an asset is built with the Ethereum blockchain, then the token standard should be ERC-721/Erc-1155 or something more similar to this standard of different blockchains. The NFT is not just an instance of the crypto space, it has its separate market, and each instance of the NFTs is emerging as the greatest reapers of the crypto space.
There are many examples to point out the success of the NFT in the crypto space. Here are some major examples to show the potential of NFTs in the crypto space.
NFTs are everywhere now in the market. Instead of looking for particular examples of NFTs, here we will look into the services of the NFTs. The services of the NFTs are not limited, and they are boundless in the count.
NFT Marketing Promotions
NFTs are widely used for the sake of promotions. As the surgeon, the NFTs are too high, many companies are looking for the opportunity to gain use from the crowd. And such is the promotions, Minting their foods and packaged foods as NFT many food production companies have made a very good promotion for their contents.
NFT marketplace alone has huge examples for making huge revenue trade in the crypto space; Beeple is one of the world-renowned NFT trades that took place in the NFT space, which went up to more than 69 million dollars. And the creator has been regarded as one of the best three living artists of the entire world.. And the marketplaces are having millions of audiences.
There are many examples to point out to show the real potential of the NFT, and It has its own constructive structure where the NFTs revolution makes a huge profit in everyone’s instances.
You know what? The idea of the NFT sprouted in the year 2012 itself. Yep, you’re right. The concept of NFT’s core started a decade ago. And the colored coin and crypto token based on the real-time assets was the first coin to officially begin the journey of the trailblazing concept of the year 2021. The colored coin evolved, and the idea of making tokens on real-world assets started getting more attention—many new instances game into the existence of the crypto space.
The Evolution of NFT is given below,
Colored Coin (2012)
Though it started to integrate bitcoin with real-world assets, it eventually ended up becoming the brainchild of the even better concept NFT.
The initiative of meme trading is here, and the counterparty is the first platform to have decentralized exchanges for the people who made tokens on the assets that exist in the real world.
Rare pepes (2016- 2017)
The rare peps made a mutual concern with the counterpart where the efficiency of the idea for tokenizing the real world increases. And to stay in the market for a long time, Rare pepes adopted the Ethereum blockchain, which is still one of the best decisions of NFT history. Which actually created a significant impact on the growth of NFT.
CryptoPunks have a big role to play in the NFT market’s growth. Initially, the CryptoPunks were not directly an NFT, but their smart contracts did the work of making an asset more unique after the evolution of Ethereum’s new token standard for the NFT like ERC-721. CryptoPunks started becoming a fledged NFT.
NFT Marketplace For Everything – OpenSea
This is one of the most popular platforms in the NFT, where their trading volume for just one month is over a billion in the market. The Open Sea is common for all the NFT based development in the crypto space, where anyone with a perfect asset can get into the crypto space to make the trade in the crypto space. The trustability of the Open Sea has brought more than 100 million of funds to them just like that. Many NFT markets like OpenSea are out there performing more seamlessly to keep the NFT space very interesting and interactive.
NFT Marketplace Categorized
Here, These NFT Marketplaces are categorized, which means they have their very particular audiences and they serve only particular assets. There are many marketplaces with huge trading volumes that are racing each other to stand out in the NFT market. For example, NBA Top Shots, a sports-based NFT marketplace, is making trades in 100 million just for the special moments like dunk shots of players in the marketplace, on the other hand, Crypto punk like NFT art marketplaces are setting high trading volume in the NFT space, And there are many other NFT marketplaces who are marching towards billions worth market space.
NFT Gaming Platform
To be more specific, NFT gaming platforms are not just Marketplaces, and they have a very bigger motto than just serving as showcases for assets. Some of these NFT gaming platforms have already launched their Metaverse, where the user can interact with the different universe where they can do many things similar to the real world. And the asset collected or the asset won there can be taken into the NFT gaming marketplace for sale.
With the billion-user platform, the gaming platforms have more potential to always stay in the crypto space.
NFT Platform for generative art
One biggest show-stealer of the NFT space is the generative arts such as CryptoPunks, Bored Ape Yacht Club, where the NFT of particular theme-based art is generating in huge supply. These Generative arts are producing in huge supply, but everyone is different from one another. They already established their own market where one single NFT of generative arts went for Millions of dollars.
How To List NFT?
Listing an NFT is a simple job where the asset to be converted as an NFT should be uploaded to the respective platforms. These platforms can lie on both open or General NFT marketplace like OpenSea, rarible, or the specific NFT marketplace like Decentraland or NFT Top Shots. After uploading them, giving details such as the description of the NFT and title for the NFT is very important. Finally, integrating the wallet with the platform, fixing a price for the asset, or setting up an auction will be enough to list the NFT. But there are listing charges in some NFT platforms, and some do it for free of charge. Listing the NFT will allow the users of the particular platform to see your NFT and make interaction for buying your NFT. So listing an NFT is essential and mandatory.
By coming this far, you should have realized that the NFT is not a market where everyone can make a fortune. To do so, you will need an excellent marketing strategy. With the perfect marketing strategy, even a very efficient product that has the potential to change the phase of the NFT space can also vanish unnoticed. The NFT market includes various phases, and to be more precise, there are such things as the pre-listing and post-listing phases in the NFT market.
NFT marketplaces with well-established audiences will be the end point for marketing the NFT at a higher level. So actual marketing flow lies on making promotional strategies to the NFT marketplace and it also becomes an important part.
Why NFT Marketing is important?
Every single day NFT is getting more and more populated. Many vital, as well as many not-so-good NFTs and NFT based service platforms, are getting into the NFT space. So the people who tend to buy an NFT or utilize the service have many options. Sometimes this population makes the vital efficient product Completely dissolve in the air. To prevent them from happening. The need for NFT marketing is very high.
How To Market NFT?
The NFT marketing has various processes, and they are not just about bragging that the product is good and promoting them in mediums. NFT marketing has more other serious businesses to take care of. They include analytics, constant activity, monitoring, and new R&D works. To get the limelight for the NFT, the NFT marketplace show will be promoted to a whole new level. So here the actual marketing lies on promoting the NFT marketplace.
Phase 1: Ideation
Ideation is the most important part of the NFT marketing, where after the development begins, analyzing the market for a better spot where the NFT product may fit in easily. The ideation parts also work on developing an idea from a rough draft to a clear structure, and This is important because the efficiency and excellence will have no effect if the product doesn’t suffice or work on the need of the people in the crypto space,
Phase 2: NFT Marketing strategies
The term the NFT Marketing Strategy defines the methods and paths used to get an NFT product to the wider crowd, and there are many useful strategies in the crypto space. Here are some important ones,
Social Media NFT Marketing
Social media marketing is carried out to let the users of that medium know that such a product, an NFT, is available in the market to make the trade. And their main vital benefits are repeatedly shared among the people as posters or short promotional videos.
Community NFT Marketing
This marketing is about taking the product to the knowledgeable crowd and establishing a crowd who talks and discusses the NFT product. The community will engage the internet’s various services, and the talk made everywhere in the NFT space will generate huge revenue.
Influencer NFT Marketing
Influencer marketing is about hiring well-known media influencers and making them do promotional for the NFT. If you have a question about what good it can get you, then you need to think about the ads cast with stardom. Literally, most of the marketing relies on influencer marketing as an easy way to bring a product to the users.
If you think marketing is all about promotion, then reconsider that the real marketing lies in finding the loopholes and blindspots in the particular product reaches and mitigating them. Growth hacking is such a process of analyzing the product reach insights and many other things to enhance the reach of the product.
Content Marketing is where the real impressions about the particular product are conveyed. Every word written and every script showcased will have a huge impact on the people in the crypto space. More than other marketing strategies, Content Marketing will be the best and effective one.
Phase 3: Target Acquisition
The last phase is the most important and final destination of the NFT Marketing, which is reaching the target set. Every marketing service will begin with the target to achieve, and the strategies are perform depending on reaching that particular target. NFT Marketing services will also perform analysis, growth hacking and enhance them until the target is hit.
Advantages Of Our NFT Marketing Services
- We have very excellent records and results when it comes to NFT marketing services. Our experience in the market will be the greatest advantage.
- Assistance round the clock, we are always here to help and solve any kind of queries, issues without any delay.
Advanced tools and strategies to analyze and promote the NFT product.
- Best professionals in marketing services will increase the chances of reaching a very wider set of people.
Our NFT Marketing services are affordable and feasible in the existing crypto space.
Not every NFT Marketing service can perform all the tasks and many stops with the phase, even forget that there is a third one. But the Blockchain App factory was born with the ability to make success on every marketing service. And our pioneer ship in the NFT Marketing services will be a great witness.