look for things that people are going to be able to use in real life can they use um
can they use these coins for game five is there an ecosystem behind it
is it a metaverse type of project obviously the metaverse type of projects you want to kind of pay
you know be careful weary with but i really think that we'll see game fi absolutely take
off in the next like probably within the next cycle so my top favorite top top top favorite
and again you guys i've got a pretty big moon bag of this and talking all the time is
hey welcome back everybody to altcoin daily today joined with wendy oh host of the wendy oh show
the largest female youtuber and tocker in the world i believe and also recently featured
and written up in time magazine wendy how you doing today i'm doing great thank you so much
is it all or is it coin it is coin today yes it's just aaron austin um is around here somewhere i
don't know it's somewhere floating around in space but yeah it's coined today awesome i'm so happy to
be here happy to chat with you and the altcoin daily squad about what are we talking about
right wendy we come to you for the real alpha i know you're heavily involved in this world
today i want to talk about how to take profits nf in nfts i want to talk about how to spot good nfts
and alt coins on your radar right now april may 2022 all right let's first start with nfts because
nfts have become this very very taboo topic like i can just right click it's a jpeg but in actuality
when you purchase an nft you could either be supporting an artist you can be purchasing an
nft each using some sort of game fi as a metaverse avatar and more importantly a lot of people aren't
talking about this but if you purchase an nft from a musician or from a writer whatever it is
you could potentially own ip rights which is also known as intellectual property
there's all these different merchandising and licensing rights and all these different rights
that happen in the entertainment industry which i'm sure you guys know very very well
got to sign all these contracts make sure you're not getting taken advantage of by those predatory
third parties but nfts offer a lot and we're still very very early in the game so one of the
things that i like to talk about to my audience is how to spot good nft projects well one a top
example is the board api club they've done super super well um they had their their original line
of the board apes and then you're able to buy these serums or whatever it was and then you can
you know mutate your ape into these mute napes and it's pretty cool and now they have apecoin
but a very interesting thing that they're doing is they're talking about utilizing
ip intellectual property rights for their um for the holders so i want to pay attention to
different nft projects that are utilizing a very similar technology do they need a coin
i don't know they could they want to apecoin's doing really well but i think that we should
focus we should think like the big executives from hollywood and when these guys when they go in and
they analyze should we produce this film they're not just looking about writing the content and
producing the film they're looking at like five to ten years down the road down the road can we
take these licensing agreements and sell them can we do merchandising can we do you know they have
all these little contracts and stuff written up so i think it's important for people to utilize this
as utility when they're looking at nft projects what does the team have going on is it just like
a profile picture jpeg i think that that's going to be the key for some of the longevity with nfts
so you just said that look for projects that give you ip rights that's utility i think so yeah
okay i'm following you so far obviously you know board api club mutant api club that was the uh
that was the most popular one i guess um you know what else should i look for well another thing
that i like to look for with nfts is there's different so there's different ways to analyze
your nft pro portfolio you're buying stuff to do quick flips and to make money but you also maybe
want to buy stuff to support a local artist or a musician or a poet or writer and when you're
doing that you're kind of supporting the community and i think that that's a very very powerful thing
and i guess we can kind of segue into profit taking and a lot of people are buying these
jpegs they're pretending like they're on ebay and they're flipping the stuff and they're doing
really well which is amazing but there's no real rhyme or reason to it so the way that i like to
take profit with my nfts is i will go ahead and i will mint quite a few i'll give you omit like
five to ten two to three one or two depending on what the price is and other times like if it's on
the secondary market if it's already on open c or wearable or whatever it is i'll buy two or three
of them and then after i buy you know i've done my research i make sure that it makes sense but once
number starts going up i make a moon bag with my end of cheese i was able to do this with my mutant
apes which is really really nice because i got that air drop but i bought them under 10 eth um
i held on to them for a couple months and waited for the floor price to rise and then i was able to
sell one for about um two or i think three times what i paid for it so i essentially was able to
sell that ape i was able to make profit on it and then the other ape i have i have it free and clear
so when you're selling this ape um are you when you're selling into strength the price has gone
up a little bit are you listing it near the floor price are you trying to get a little bit
more than the floor price it depends so that's another thing that we have to pay attention to
um openc is cool because it's got the little traits on the side to let you know how rare
it is but there's other platforms like ic tools and i think wall street fam they have a tool that
goes along with their nfts as well so it's good to you it's good to like join the discord kind
of see what happens what's happening what people are talking about but look at some of the utility
and then also see how rare your nft is because you might have been able to mint a very very rare nft
so you want to make sure that when you're listing it you want to kind of list it um
with other prices that are cut or with other nfts that are kind of similar that have similar traits
just so that you're not um not necessarily losing money on it however there are some people i do
know let's say they bought an nft and one each and then the floor price goes up to five years
but they sell it maybe at four eight you're still in profit but sometimes you do have to
sell to get that liquidity so you can utilize that liquidity and get into another project
so as we're wrapping up nfts and i want to get on to alt coins on your radar like besides board ape
like how do you find the next board ape obviously every project claims that and most of them aren't
but like i guess if we can look at like the other things that have done well in nft land
like azuki like doodles um that's all i can think about the top of my head but like those are like
very different art styles and then they have a lot of derivative copies and azuki also i guess used a
new kind of uh smart contract code to make things uh cheaper but like so i guess like i'm thinking
oh find something that's radically different don't get into derivatives is that how you think
about it and if so uh i would love if you could like mention a few more projects on your radar
well well some of the stuff that i'm looking at i'm really looking at some of the utility behind
the stuff i'm paying attention to like what can i actually do with this nft do i getting ip rights
can i stake it can like you know there's all these different things i do like the new tech being
utilized like you talked about for azuki um and i also follow that similar protocol that you do
is looking for things that have not been done yet like different types of art because let's face it
we see so many different apes being made like so many different apes so many different kind
of cats being made and i think they have lazy lions or something like that i don't even know
but i look for things that are kind of brand new and they have actual like utility behind it like
there's this one project that um we spoke about quite some time on the channel it's called um
bmc blockchainers mining club and it's basically nfts that are backed by bitcoin
because what they did with the profits of the sale is they when they bought bitcoin miners
and so holders get bitcoin um given out to them like every once in a while depending on how the
you know how it's set up and then there's a was another really cool project that we were able to
successfully flip it's called generative dungeons and it's basically it's if you guys go to window.e
the team was so generous to air drop me some and what these what these do is if you go to
window.even you click on my generative dungeons you can actually play the nft inside my wallet
which is super super cool so you want like those are examples of things you want to look for you
want to look for things that are like that nobody else is doing or it's brand new obviously there's
going to be risk associated but if you can spot this stuff new i think that you'll do okay i love
it guys i encourage everybody to go subscribe to wendy on youtube and twitter links below
wendy let's get into some altcoins on your radar what are you what are you looking at
right now it is still the same game plan as 2021 i am looking for metaverse and game 5 projects i
think that we will have a bear market obviously i don't know exactly when that's going to come
i can speculate i can speculate um but you know the market is showing like decent strength right
now not too terribly great not too terribly sexy but i do think that if you pay attention
to all coins like obviously we've got the top 100 that look pretty decent but i would maybe
take a step back and pay attention to projects that may have real utility like i believe step
it was it step official or step that gmt whatever it was completely went off and that makes sense
because it does have real utility look for things that people are going to be able to use in real
life can they use um can they use these coins for game fi is there an ecosystem behind it is
it a metaverse type of project obviously with the metaverse type of projects you want to kind of pay
you know be careful weary with but i really think that we'll see game fi absolutely take off in the
next like probably within the next cycle so my top favorite top top top favorite and again you
guys i've got a pretty big moon bag of this and talking all the time is gala the reason why i like
gala is because they have their you know they've got their gala stuff so i run my founders notes
and then they just launch gala music gala music is cool because what they're doing is they're
incubating artists and like hey you can sell your nft for this this and whatever and they're kind of
helping them do it the proper way and for me that is an absolute real use case when it comes to nfts
so projects that are doing similar things that have gaming are involved in music that are nfts
game fi a plate or whatever it is those are projects that i'm keeping on my radar
obviously some things we want to look for we want to is the team docs how is the discord
is there bots you want to go to the um you want to go to the founders and the teams to their personal
social media pages they should have those linked to the website you want to make sure they're not
saying weird things or being weird um if you know how to read code you want to take a look at the
audits at the codes make sure that it makes sense and then kind of figure out what the utility is
if the team is able to present to you the utility of the project on the front of their website it's
easy to understand within the first five minutes i think you've got yourself a winner i'm with you on
the uh play and earn or gamified coins no no the metaverse crypto it seems like there's like a gray
line between metaverse and gaming type things how do you kind of like differentiate those or do you
well i kind of do because one of like again some of the stuff that we look for because i have a
vetting team and we go through like every like anything that comes in we vet it before we talk
about it on the channel if like whatever it is and then also too like for our white paper we have the
wendy's white paper which is a free newsletter like the guys just don't randomly talk about
stuff they they look at things that may have real utility you know that they like they're excited
about i pay them to do it but they you know they look at things that get them excited and we have
like a vetting form that we use that we you know we're like does this check off does this check off
but when it comes to the metaphor stuff i think that we do have to kind of be careful and be a
little bit weary because a lot of teams will pump out metaverse metaverse metaverse but they don't
really have real utility like can i actually use this metaverse like is it similar to sandboxes
it's similar to decentraland is it similar to what gal is doing is it similar to any of this stuff
so i think you should you know you know you can play you can have some fun be a
dj and throw some money and throw a little bit of disposable income but take profits like a savage
and just make sure whatever metaverse project you're in make sure that it makes sense and it's
checks the different boxes that make sense to you
i like it i'm a big fan of wendy oh i encourage everybody to go subscribe to her youtube channel
follow her on twitter wendy any final thoughts for the altcoin daily audience
thank you so much to alton coin for inviting me on the show and rumor has it rumor has it when austin
and aaron get back from whatever it is they're doing irl they will be coming on the o show
and they will start to come on the o show more often so you guys are going to have to subscribe
to check out those scandalous conversations definitely and we'll link it on twitter and
stuff when we do so follow us on twitter wendy thank you so much for coming on have a great day