NFT mint waves.

#NFTs are a powerful tool for fundraising, marketing, and building your community. How you structure the mint process is key.

A16zcrypto’s Scott Kominers wrote a must-read article for anyone planning an NFT project:

A new NFT launch strategy: The wave mint

"In an NFT project, the mint – the process by which tokens are initially allocated – largely determines who your community is and how they and the broader market view the project going forward. You are who you keep company with – which means you need a mechanism that draws participation from the people you want, and to execute it in a way that is easy, secure, and engaging."

1. Wave Mint is a new minting strategy for #NFT projects that invites members from different communities in a series of waves, starting with closely related communities and expanding outwards.

2. The method aims to draw participation from people with shared interests and values, building a strong core community and establishing social proof.

3. The Wave Mint mechanism offers advantages over traditional allow-lists, such as improved user engagement, better supply and demand management, and a more positive experience for participants.

#marketing #experience #community #project #management #people #projects #strategy #building #planning #engagement #fundraising

Read the article here: https://a16zcrypto.com/content/article/a-new-nft-launch-strategy-the-wave-mint/