How to Flip NFTs – Guide to NFT Flipping

How to Flip NFTs – Guide to NFT Flipping

How to Flip NFTs – Guide to NFT Flipping

Splashy NFTs that have the online community talking can quickly shoot up in value. That means that the NFT space is filled with opportunities for flipping – buying an NFT and immediately reselling it for a profit.

Flipping NFTs can be lucrative, but it takes hard work and finding the right NFTs to flip. In this guide, we’ll show you how to flip NFTs and highlight the 5 best NFTs to flip in 2022.

How to Flip an NFT – Quick Steps

Here’s how to flip an NFT in a few simple steps:

Step 1: Create a MetaMask wallet. Install MetaMask on your smartphone or browser.

Step 2: Buy BNB. Purchase BNB from any major exchange and send it to your MetaMask wallet.

Step 3: Connect to NFT LaunchPad. NFT LaunchPad is one of the best NFT marketplaces for flipping NFTs. Connect your MetaMask wallet.

Step 4: Buy an NFT. Buy an emerging NFT  like the Lucky Block Platinum Rollers Club NFT, on NFT LaunchPad. (Changed Undervalued to emerging)

Step 5: Sell Your NFT. Sell your NFT for more than you paid for it.

What is NFT Flipping?

NFT flipping involves buying an NFT at one price and selling it for a higher price, usually within a few days or weeks. The goal of NFT flipping isn’t to collect NFTs or to invest for the long term, but rather to trade them for a short-term profit.

Best NFTs to Flip

Looking for the emerging NFTs to flip? Here are our top 5 picks for 2022. (Changed Best to Emerging)

1. Lucky Block Platinum Rollers Club NFT

The Lucky Block Platinum Rollers Club NFT collection is a prime target for flipping because it offers holders real-world value. This NFT is more than just a collectible – in fact, it’s a lottery ticket.

Whoever holds one of the 10,000 Lucky Block Platinum Rollers Club NFTs is entered into a daily lottery drawing. The lottery winner earns $10,000, or $20,000 if you own one of the 25 rare NFTs in the collection.

A Lucky Block Platinum Rollers Club NFT mints for $1,500, so the upside potential is huge if you win the lottery. And with only 10,000 NFTs in the drawing, the odds of winning are pretty good.

Another reason to like the Lucky Block Platinum Rollers Club NFT as a target for flipping is that the group behind this project is legit. Lucky Block was one of the first crypto projects to create a blockchain-backed lottery system, and it was the fastest-ever crypto project to reach a $1 billion valuation. So, any prospective buyers can feel confident that Lucky Block’s NFT lottery will pay out long into the future.

Buy Lucky Block NFTs 

Cryptoassets are a highly volatile unregulated investment product. 

2. Great Ape Society

The Great Ape Society NFT collection is a low-cost way to get into the world of NFT apes. The ape craze has proven extremely durable, making this a great theme for flipping NFTs.

The Great Ape Society collection consists of 10,000 unique ape characters. The characters have 45 different clothing styles, 25 different hats and hairstyles, and a wide variety of facial expressions.

You won’t have to invest tens of thousands of dollars to get your hands on one of these NFTs. Great Ape Society NFTs start at 0.35 ETH, or around $1,100.

Buy Great Ape Society NFTs

  Cryptocurrency markets are highly volatile and your investments are at risk. 

3. World of Walrus

The World of Walrus collection stands out for NFT flipping because the size of this collection is extremely limited. There are only 100 pieces of art in the entire collection.

The World of Walrus collection transforms world leaders of the 20th and 21s centuries into walruses. The art is comical and thought-provoking, helping it appeal to a wide range of potential buyers. 

Prices start at 12.41 BNB, or around $5,200.

Buy World of Walrus NFTs

 Cryptocurrency markets are highly volatile and your investments are at risk.

4. Bored Ape Yacht Club

Another collection to consider when flipping NFTs is Bored Ape Yacht Club. Anyone with a passing interest in NFTs will have heard of this collection, which contains 10,000 ‘Bored Apes’, each depicting an ape with a unique aesthetic and background.

Bored Apes were initially launched in April 2021 for a price of 0.08 ETH – which equated to around $190. Since then, these NFTs have skyrocketed in value due to their celebrity backing, with high-profile names like Eminem and Logan Paul investing in the collection. One Bored Ape even sold for a remarkable $3.4 million, highlighting how great these NFTs are for flipping.

5. CryptoPunks

Rounding off our list of the best NFTs to flip is CryptoPunks. CryptoPunks was one of the first NFT collections and was initially launched in 2017. These NFTs went under the radar until 2021, when the NFT market experienced tremendous growth – which made these ‘Punks’ incredibly valuable.

Like Bored Ape Yacht Club, these NFTs have become incredibly sought-after due to their ‘premium’ status. Although the Punks themselves depict simple 2D pixel characters, they have been purchased by the likes of Jay-Z and Steve Aoki. Notably, the most expensive CryptoPunk was sold in early 2022 for 8,000 ETH – equating to an extraordinary $24 million!

Is NFT Flipping Profitable?

Now that you know how to find NFTs to flip, it’s time to answer an important question: can NFT flipping actually be profitable?

The answer is yes. However, NFT flipping isn’t a sure thing. You can lose money flipping NFTs. In order to turn a profit, you have to have the right NFT at the right time.

Ideally, the best time to flip NFTs is when the market for NFTs is going up. That way, you’re more likely to be able to profit from whatever NFT you buy.

Best Platforms for NFT Flipping

If you’re looking for the best marketplace to flip NFTs, check out NFT LaunchPad. This NFT marketplace was built by creators with the needs of artists, collectors, and NFT traders in mind.

On NFT LaunchPad, you’ll find hundreds of popular NFT collections, including many that are ripe for flipping. For example, this marketplace is home to the Lucky Block Platinum Rollers Club and Great Ape Society collection.

All prices on NFT LaunchPad are in wrapped BNB, making it easy to compare prices between collectibles. This is also a plus because BNB is easy to buy, sell, or swap at any major exchange.

Another reason to choose NFT LaunchPad for flipping is that you get to decide how you want to sell your NFTs. You can offer an auction or fixed price, making it easy to choose your target profit for an NFT sale.

How to Flip an NFT – Example

Ready to flip your first NFT? We’ll walk you through how to flip an NFT using a Lucky Block Platinum Rollers Club NFT and NFT LaunchPad as our example.

Step 1: Create a MetaMask Wallet

You’ll need a MetaMask wallet in order to buy and sell NFTs on NFT LaunchPad. You can install MetaMask on your smartphone or browser.

Step 2: Buy Wrapped BNB

Purchase BNB at a crypto exchange and transfer it to your MetaMask wallet. You’ll need enough BNB to purchase the NFT you want to flip.

Step 3: Connect to NFT LaunchPad

In NFT LaunchPad, click ‘Connect Wallet’ and then follow the instructions to connect your MetaMask wallet.

Step 4: Buy an NFT

Search for the Platinum Rollers Club NFT collection. Choose one of the available NFTs to buy and then click Buy Now.

Buy Lucky Block NFTs 

Cryptoassets are a highly volatile unregulated investment product. 

Step 5: Sell Your NFT

Now it’s time to flip your NFT for a profit. In NFT LaunchPad, find the Lucky Block NFT you just purchased and select the Sell option.

You can list your NFT in an auction or set a fixed sale price. If you choose an auction, make sure to set the floor price at what you paid for the NFT so you don’t lose money.

Once your NFT sells, you can pocket the profit or use the money to flip another NFT!

Conclusion

Flipping NFTs can be profitable if you choose the right NFT at the right time. If you’re ready to try your hand at NFT flipping, check out the Lucky Block Platinum Rollers Club NFT collection. Sign up for NFT LaunchPad to flip this NFT today!

Buy Lucky Block NFTs 

Cryptoassets are a highly volatile unregulated investment product.

Read: Gala Price Prediction Today, 2022 and 2025

Subhash

Subhash

Subhash, Founder of Crowdwisdom360 is an MBA and a Trained Financial Advisor with an extensive background in Forecasting in Financial Services and Politics. He has appeared many times on National TV and has written for a variety of magazines on Wealth Management and Election Strategy.