What is a NFT whitelist?

The whitelist not only guarantees a supporter a spot to mint, but could also allow for a reduced price for the NFT (or even a free NFT). By doing so, supporters are incentivized to stay engaged with the project and promote the project to friends very early on in the project lifecycle.

What is a NFT collection?

By definition, NFT collections are limited in supply, and since the success of a project depends on the support of its community, creators invest many months into generating buzz and engagement before finally releasing their first collection.

How much power does NFT use?

The computing power required to operate the underlying blockchain system of NFTs is immense. By some estimates, one crypto transaction could gobble up more power than the average U.S. household uses in a single day. One artist estimated that generating six NFT pieces consumed more electricity than his entire physical studio did in two years.

How do I Mint an NFT?

Log on to one of the NFT marketplaces and upload a file. This process is called "minting" an NFT. You'll usually be asked if it's a one of a kind, if there are multiple copies or if it's part of a collection. (A quick glance at an NFT marketplace shows just how easy the process is — maybe too easy.