According to GaryVee, NFTs are the next hot thing. In this guide, we’ll show you all the steps and buttons to click so you know how to invest in an NFT.

Check this other post out if you’re not sure what an NFT is.

The example below will be strictly on OpenSea, since that’s the most popular platform out there currently for NFTs. It’s the most relevant platform for you because:

• It’s currently the biggest NFT market place.
• Big marketplace = more liquidity = flip NFT pieces faster = more money for you.

What You Need (Skip This Section If You’ve A Metamask Already)

If you haven’t already, is you’ll need a Metamask wallet with ETH in it, so you can actually buy NFT pieces. If you don’t have a Metamask yet, I got you. Just follow the instructions in this article on how to use Metamask, through the 2^nd section where I show you how to fund your Metamask wallet.

• Skip the 3^rd section onwards, since that’s just showing you how you’d use Metamask to trade coins not available in normal exchanges. Since we want to use our ETH to invest in NFT pieces instead, you can skip that section.

There’s 2 ways for you to gamble invest in NFTs.

First Way On How To Invest In NFT Pieces: OpenSea

The first way to play with NFTs is through the secondary market. This is the most straightforward way to invest in NFTs.

You see, NFT pieces are generated by artists themselves or a group of people willing to take the risk and “mint” pieces for a collection before it’s hype. After the NFT pieces are generated, people will throw it on OpenSea to sell. Hence, secondary market.

Step 1: First, go to https://opensea.io/ and connect your wallet.

• There’s no screenname or password for Opensea. You just connect your Metamask wallet and the website will know how many ETHs you have and what NFT assets you already own. This is why having a wallet is a requirement to play with NFTs.

Step 2: You can explore the website however you’d like, but for this example we’ll find some listings to buy via Stats > Rankings in the menu. This’ll then show you the most popular NFT collections (see pictures below):

Step 3: Then, let’s say you want an ape. Then you’d click on the “Bored Ape Yacht Club” collection above. You’ll then see the collection. You’ll have a ton of options and filter to choose from.

• One of the most common is filters “status” on the left-hand side, where you can see which NFT is available to buy now vs. which NFTs are on auction (if you want to bid and perhaps lock in a cheaper deal).
• Another filter is the dropdown on the right where you can sort the NFT listings based on price, recently sold, and more.

Step 4: Say you find an ape you love. Click it to see the NFT listing. If it’s an auction, you can make an offer. If it’s a buy now listing, you can just press Buy now.

Step 5: You can optionally do some rudimentary research by looking at its price history to see how many times it’s been traded. You can also look at its properties to see how rare certain traits are for this piece.

Step 6: Finally, let’s say you’re ready to buy and press Buy now. It’ll look something like the below. Then all you have to do is check the terms of service box and press “Checkout.” Your Metamask will pop up and you’ll complete the transaction from there.

Congratulations, you’ve played yourself just learned how to invest in your first NFT!

2nd Way To Invest In NFT Art: Drops

The secondary market is “safer” in the sense that you can observe market demand. Investing in “drops,” or original releases is much riskier because most NFT projects won’t get any traction.

As a compensation for this risk, you can get an NFT for potentially much cheaper in the primary market vs. what people will be selling it for on OpenSea just a few days later. Hence, profit.

Outline the rest.

1. Look for an NFT that’s about to drop. Few ways to go about it. You can pick whichever. The specifics of researching NFTs’ viability is not something I’m an expert in, and so will not be covered in detail in this post. Here’s some ways you can find some NFTs that are about to drop:
   1. Search through Twitter for new NFTs.
   1. Get an app called NiftyDrops, where it’ll give you a list of NFTs that are about to be released. The app looks like the following:

• Once you find a website with an NFT that’s about to drop, it’ll generally have a countdown timer and look something like this:

• Next, you’ll want to join their Discord group and follow their Twitter so you can stay up-to-date for any delays, etc. You should also schedule an alarm for when the drop is, because these generally sell out within seconds.
• Then, when they release their NFT, they’ll generally have a “Mint” button on their website, where you can mint NFTs. Just press the “Mint” button and your Metamask wallet will have a popup to complete the transaction.

• Once you’ve successfully finished minting, the asset will show up in your Metamask wallet and your OpenSea profile.

“Should I Invest In NFT Pieces?”

Despite what GaryVee says, I’d say for most people, they should not invest in NFTs.

The reason being it’s an extremely volatile market, and the argument that your NFT is a “value hold” is a flawed argument. Since NFTs are ultimately procedurally generated (meaning you can have an infinite supply), the value just comes from the flex and hype. The value plummets if there’s no flex or hype. Thus, you’re not “holding value” – you’re just holding the bag.

You might never be able to sell your asset because there’s hundreds of new projects each month and once the hype dies, it’ll be very hard for anyone to purchase your NFT even if they want to, because the entire market has forgotten about it and won’t even know how to find your NFT.

The NFT market is crazy – you can make 10000%, or be stuck holding an NFT forever. As such, I’d probably rank the following crypto assets like this, from most risky to least risky:

• Crap coins, like the “Million Token”
• NFTs
• Altcoins with fundamentals, like ADA / MATIC / XRP / SOL.
• Regular cookie cutter coins like BTC, ETH.

So, know that your investment in NFT is just a gamble. Don’t “invest” in NFT if you cannot lose all your money. And losing all your money with NFT is a very likely outcome.