May 8, 2024

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What is an NFT whitelist and how to join it?  by CoinTelegraph

What is an NFT whitelist and how to join it? by CoinTelegraph

© Reuters. What is an NFT whitelist and how to join it?

Cryptocurrency-based scams are constantly proliferating across the non-fungible token (NFT) space; So, Staying informed is the most important way to prevent new and existing NFT scams. Fraud aside, intense competition for newly minted NFTs can lead to higher prices and higher transaction fees, making them unaffordable for early adopters.

  • Ari Paul: “Soon only whitelisted cryptocurrencies will be withdrawn”

NFT providers have solved these problems by creating whitelists or allowedlists, which grant special privileges and access to new NFTs.. Before public minting begins, non-fungible token projects use allow lists to restrict who can issue NFTs. For example, one can withdraw NFTs without worrying about gas wars if they are whitelisted.

  • The problem with NFTs: from rhetoric to fact

This article will cover the concept and process of NFT whitelisting, why it is used and how to obtain it.

Read the full article on Cointelegraph

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