At the beginning of the 21st century, the term ‘flipping’ was primarily used for reselling real estate properties for a certain profit. Nowadays, the digital asset industry has completely taken over this activity, with users making hundreds of thousands by flipping cryptocurrencies and NFTs. With an industry valued at $41 billion and thousands of transactions being made each day, the NFT space doesn’t show signs of stopping any time soon. On Twitter alone, we can see a large number of users making thousands of dollars by flipping NFT artworks and collections. There are even some extreme examples such as the NFT CryptoPunk #8348 being sold for around $400 in 2017 and is now worth more than $170 million. Of course, while you may not be able to make millions right off the bat, a few thousand dollars profit is more than reasonable. In this guide, we are going to explain some of the best ways you can scout profitable NFT opportunities and show you exactly how to flip NFTs. >>>Visit the BEST NFT Marketplace<<< Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Where to Flip NFTs – Quick Overview In case you already have an idea about which NFT to buy and you only want a quick outline of the best place to flip NFTs, here it is. NFT LaunchPad – Fast-Growing Platform with Unique Opportunities OpenSea – World’s Largest NFT Marketplace Crypto.com – Most Competitive Fees Binance – Marketplace with the Best Features >>>Visit the BEST NFT Marketplace<<< Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. How does Flipping NFTs Work? Flipping NFTs works basically the same as flipping any other valuables (houses, toys, comics, cars, etc.) You buy a token that you think will increase in value, search for an investor, and then sell it for a profit. If you’re still not convinced about the value of NFTs, just remember that the average trading volume went from $64 million a month in the first part of 2021 to a staggering $750 million in the second part. Naturally, to make the most profit out of flipping NFTs, you will have to buy tokens when they are the cheapest. This is usually in the first couple of weeks after they are released. However, in order to scout the profitable opportunities, you first have to know a thing or two about NFT market. We recommend you spend at least a few months researching NFTs and how they work before you dive into these endeavors. Many people opt for flipping NFTs since they can bring quicker returns compared to making long-term investments with altcoins such as Bitcoin. >>>Visit the BEST NFT Marketplace<<< Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. How to Flip NFTs – Factors to Consider in an NFT Project Making a profit on any financial market requires comprehensive knowledge of it. You need to be familiar with all the different factors that influence the price of a certain asset. With Flipping NFTs, a good practice is to find a specific niche that you are interested in and then target projects that fall within that niche. However, if you know how to do quality research and analyze the factors and characteristics of an NFT, you can make money even on a broader variety of projects. Let’s check out some of the key factors you should consider when looking for a good NFT flipping opportunity. >>>Visit the BEST NFT Marketplace<<< Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Utility Since NFT stands for ‘non-fungible token’, you might be a bit confused when we say utility. While it’s true that most NFTs don’t really have any practical use cases, they do come with certain perks that can capture a trader’s interest. This can be anything from unique access to events for holders, exclusive memberships, or some type of future use in the digital world (an art gallery in Metaverse, e.g.). These types of benefits are one of the main ‘buzz’ drivers and if an NFT project has a unique perk to offer its holders, there is a much higher chance that the community will pick up on it. The Founding Team While digital assets have brought many new innovations to the world, they have also become a place for scammers to make some quick money through ‘pump-and-dump’ schemes. This is why it’s important that you research the founding team behind the project and make sure they are trustworthy. If the creators are anonymous, it’s usually a big red flag. Artwork The next thing you should pay attention to is the artwork. Although the art quality isn’t exactly the biggest success contributor, it should include some specific elements that will make the brand stand out. This includes some distinguishable characteristics that traders will notice. For example, the Bored Ape Yacht Club NFTs all feature apes with a ‘bored’ expression on their face, wearing some unique clothing and accessories. Number of Items Scarcity is a huge factor when it comes to NFTs. If there is a limited amount of items, there is a high chance that investors will make early moves to acquire the tokens. In the past, the top-performing NFT projects were those that had 10,000 available pieces. Association and Community Some of the last factors you should consider are association and community. NFT projects usually have people talking about them on social media and telegram even before they launch their first pieces. Some of the notable platforms you should always check out are Clubhouse, Reddit, Telegram, Discord, and Twitter. Additionally, you should also see whether there are any celebrities or influential figures associated with the project. This can be a huge success driver and you can make a huge profit if you notice it at an early stage. How to Flip NFTs – Minting and Secondary Marketplaces After you spot a promising NFT flipping opportunity, you will want to buy it as soon as possible. You can do it in two ways – minting and secondary marketplaces. >>>Visit the BEST NFT Marketplace<<< Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Minting NFTs The term ‘minting’ refers to buying an NFT piece immediately after it’s officially released and before it gets listed on a secondary NFT marketplace. That’s why many traders call it the primary marketplace. One of the main benefits of minting NFTs is that you will be able to purchase them at extremely low prices, meaning you will have a huge margin for profit. However, minting high-quality NFT projects can be a bit complex due to the very high demand and often limited supply. For this reason, founders create whitelists to give the early supporters a chance to acquire a piece before the collection goes live on a marketplace. The best way to ensure a spot on the whitelist is to join the NFT’s Discord group and go through the necessary requirements. After you have successfully minted an NFT, you will be able to move it to a secondary marketplace and then sell it for a higher price. Secondary Marketplace If you don’t manage to mint an NFT early, you still have a chance of making a profit by buying a piece at a lower price on secondary markets. Here is how the process goes (we will use NFT LaunchPad as an example). Step 1 – Take a look at the upcoming and trending projects for a chance to buy in early. Or, if you already have some specific collection in mind, you can find it through the search box. Step 2 – Filter the projects by clicking on ‘Set Price’. This way, you will have a clear overview of the cheapest projects at the given moment. Step 3 – Scout for NFTs that you think are undervalued. For instance, if the lowest price of an NFT you see is 0.5 ETH and the next one is around 0.08 ETH, it might indicate that it will grow in value. Step 4 – Tap on the NFT that looks interesting and check out its traits and features by clicking on ‘Properties’. This will also provide you with insight into its rarity. Step 5 – Don’t forget to check the liquidity. By pressing ‘Activity’ you will see how many people are listing the piece compared to how many are actually purchasing it. If there are transactions occurring every few minutes, you might’ve found yourself a winner. How to Connect to a Secondary Marketplace? To join a secondary marketplace and start buying NFTs, you will first have to open up an account on a crypto exchange. This is because most NFTs are sold for Ethereum, which means you will have to buy ETH first and then exchange it for an NFT. Here is how you can do it. >>>Get Ethereum on eToro to buy the NFT<<< Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Step 1 – Create an eToro Account and Purchase ETH Firstly, create an account on eToro by going to their official website and clicking ‘Join Now’. Use one of the available funding methods (PayPal, Skrill, Bank Transfer, Debit/Credit Card, etc.) to deposit money into your account. After your account is funded, use the search box to find ETH. Type in the amount you want to buy and press ‘Confirm’. Lastly, to transfer ETH to your digital wallet, go to eToro’s main dashboard, select ‘ETH’, and click ‘Transfer to Wallet’. Side note: Make sure you purchase enough ETH to cover the network fees as well. Step 2 – Download MetaMask MetaMask is the bridge that links the crypto exchange to an NFT marketplace. You can download the app on your computer through Firefox and Google Chrome, or on your Android and iOS devices. Go to MetaMask’s official website, create a wallet, set a password, and go through the recovery phase (this is in case you need to restore your wallet in the future). Step 3 – Transfer ETH to MetaMask Time to transfer the ETH to MetaMask. Start by opening your digital wallet and clicking ‘Send’. Next, go to MetaMask and copy-paste the wallet’s address into eToro’s address field box. Type in how much ETH you will transfer and click ‘Send’ once again. Step 4 – Connect to an NFT Marketplace To connect to an NFT marketplace, go to the official website, find the wallet icon, and select ‘MetaMask’. Fill out the necessary details to finish up the connection process. Step 5 – Buy the NFT Your final move is to buy the NFT you are interested in. Most platforms have the NFTs listed for a fixed price or included in an auction. In case there is a fixed price, you can click on ‘Buy for X’ and if there is an auction, you can click on ‘Place a Bid’ to participate. Either way, once you make a purchase, you will be able to see your new NFT in the ‘Collectibles’ tab. >>>Get Ethereum on eToro to buy the NFT<<< Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. What is the Best NFT to Flip in 2022? When it comes to the most profitable NFT flipping opportunities in 2022, we choose Lucky Block’s NFT – The Platinum Rollers Club. Lucky Block’s crypto (LBLOCK) was released at the start of 2022 and it has already skyrocketed in value and brought some huge returns to early investors. Experts believe that this will happen again with the NFT collection as well. So what exactly is Lucky Block’s main advantage? The answer is unique utility. Not only do owners have lifetime entry into daily NFT lottery draws, but they can also win double the jackpot amount if they mint one of the rare pieces. Also, there is a ‘Win a Lambo’ draw that will take place and the winner will receive a $250,000 Lamborghini. Sounds interesting? Here is how you can invest in Lucky Block NFT. >>>Get Lucky Block Platinum Rollers Club<<< Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Step 1 – Open the Binance Smart Chain in Your Metamask Account Metamask automatically takes users to the ETH main network. To switch to the Binance Smart Chain, you first have to go ‘Wallet’. Next, in the list of networks, find the Binance Smart Chain Network. If you can’t find it, go to ‘Settings’ > ‘Network’ > ‘Add Network’. Enter these details: Network Name: Smart Chain New RPC URL: https://bsc-dataseed.binance.org/ ChainID: 56 Symbol: BNB Block Explorer URL: https://bscscan.com After following these steps, your ‘Wallet’ should now show the Binance Smart Chain Network. Step 2 – Buy Wrapped BNB (WBNB) Since this NFT is minted on the Binance Smart Chain, you will need WBNB (Wrapped BNB) to purchase it. You can exchange pretty much any crypto you have for WBNB. At the time of writing, one Lucky Block NFT costs 3.75 WBNB. Side note: Make sure you have enough WBNB to also cover the gas fees. Step 3 – Open the NFT Marketplace in Your Browser The Platinum Rollers Club is currently available only on the recently-released NFT marketplace called NFT Launchpad. Type in this link in your browser to open it – nftlaunchpad.com Step 4 – Press ‘Connect Wallet’ Find the ‘Connect Wallet’ button on the NFT Launchpad website to proceed to the next step. Step 5 – Connect Your MetaMask Account to the NFT Launchpad After clicking the ‘Connect Wallet’ button, you should connect your MetaMask account. Remember, your network should be set on Binance Smart Chain beforehand. Step 6 – Search for Platinum Rollers Club Use the ‘Explore’ option to find Lucky Block’s NFT in the list. You can type in the name in the search box to find it quickly instead of browsing through all the offers. Step 7 – Purchase the NFT To finalize your investment, click on ‘Buy Now’. During this process, you won’t get to see the NFT’s image until the transaction is completed. Instead, you will see a cover image that hides which piece you are getting, something similar as a lucky dip. This is to conceal the rare pieces that we mentioned. There are 25 rare NFTs and you will know if you are one of the lucky owners after the purchase has been made. After the transaction is finalized, you will be able to tell apart the rare NFT due to the incredible visuals. The NFT you purchased will appear in your main profile. >>>Get Lucky Block Platinum Rollers Club<<< Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. How to Flip NFTs – The Verdict While flipping NFTs can be an extremely lucrative activity, it also comes with a lot of risks. Make sure you do enough research on the NFT you plan to buy and don’t waste all of your money on one project. With that said, if you are looking for the best NFT to flip in 2022, we recommend that you check out Lucky Block NFT.