Community Mining is all about creating incentives for extracting value from your community.
The objective here is not the quality of the content generated but the actual building and growth of the #community itself.💡
🧵1/4
🏔️
Three main reasons why people want to create for their community:
- Other people care about what I make
- I am part of something bigger
- Brand building and learning
Humans want to be part of something bigger & it's always a rush when your work is taken seriously!
🧵2/4
🏔️
Make it simple for the community to participate & don't be too demanding or risk losing their interest & motivation!
- Be consistent with the communication channel
- Make it sustainable; people can't be engaged 24/7
- Have tasks for every level of participation & skills
🧵3/4
🏔️
The end goal is building community and having your community grow with you!
#CommunityMining ✨ - Find gems by allowing people to grow and become valuable resources.
🧵4/4
At #InPeak we are all about giving you with the tools to keep you in the know in the age of Web3, NFTs and emerging tech.
If you found this valuable
1. Follow us @inpeakxyz for more content like this. 2. Like and Retweet the first tweet below:
🏔️Stop, wait a minute. Are you an NFT Trader or Collector? Do you even know the difference? There IS a big difference!
We had an amazing conversation about the Foundations of NFT Trading with @The0xJose, founder of @nftperp.
Read below for tips & tools on trading NFTs.
🧵👇
🏔️Being able to cut through the noise is super important. There are many people talking in this space. DYOR & always correlate w/data.
Recommended tools: @nansen_ai & @parsec_finance
These platforms, help you digest information & determine entry points.
🧵 (1/3)
🏔️Due diligence & best practices when trading NFTs:
#1 Have a strong fundamental belief, 🚫emotions
#2 Plan ahead your entries and exits
#3 Follow smart wallets
#4 Typically you don't want to buy when you already see an NFT shoot up in price
⛰1/6
Here are the top X things that we learned! Share yours below 😉
⛰2/6 1- Supply & Demand rules everything! 👑 Whether in business, crypto, stocks, NFTs, the housing market, or simply swiping left or right on a dating app for a new friend🔥😜
2- Supply & Demand
-How much do we have?
-How many people want it?
-How much are they willing to pay?
⛰3/6 3- Factor for regulating price 🫰📈💸
- Too much of anything VS too few people wanting it = Price goes down ⬇️
- Too few of anything VS too many people wanting it = Price goes up ⬆️
Who remembers the Covid19 🧻 craze right at the beginning? Too much demand vs short supply!
👉🏾NFTs are beyond a JPEG, they: 1. Allow space for innovation to traditional markets.
2.Give social relevance to traditional artists. 3. Commemorate special events + bring unique rarity to traditional musicians.
Copyrights exists at the moment of creation, but it’s not enough to protect NFTs once they are out there in the market. 1. Is it original 2. Was it done for a company 3. Is there proof of my creation 4. Are there 3rd parties involved
3/4 Copyrights are still very bureaucratic.
Blockchain makes the process:
1.Easier
2.Cheaper
3.More transparent + accessible on a global scale🌎
You can protect your NFT project via trademarks or copyright. Companies who do so are on the rise.📈