Covers NFT offerings with mint.fun 💰
Metaversal is one Bankless newsletter for weekly levels on NFTs, virtual worlds and collectibles
Dear Bankless Nation,
The Mint.fun Team, Contextdefinitely going on my Nice list this year!
Not only have they built mint.fun into one of the most useful general NFT discovery and minting interfaces out there, they’ve also just launched a very useful new tool called “Offers”.
This new resource is collected everyone the current offers people have placed on NFTs in your wallet, so you can easily find and accept bids in one place without having to go through each NFT marketplace separately as you would have had to before.
Personally, I’ve already hit offer to accept a handful of bids I wasn’t aware of previously. Let’s create a quick tutorial on how to use this tool to streamline your year-end NFT wallet management!
-WMP
🙏 Sponsor: Uniswap Labs — Better Prices, More Listings: NFTs on Uniswap✨
For the uninitiated, mint.fun is an NFT discovery and coining site.
Any NFT project can use the site to offer one free coining UI to the community, as follows:
In addition, mint.fun offers free discovery tools for NFT collectors, including real-time streams free and trends NFT mint, coin and trade statisticsa wallet tracking system and an approval list center that helps you find and create from ongoing NFT launches you are approved for.
On the collectibles side, the latest mint.fun release is the new and aforementioned offering resource. Driven by Reservoir NFT API system, offers specially aggregated bids on your NFTs from other places everyone active NFT marketplaces.
This coverage is important because previously you had to go to OpenSea to see just your OpenSea offers, and to LooksRare to see just your LooksRare offers etc. Now you can review all outstanding offers across all marketplaces in a single hub on mint.fun, which is a definite UX advancement when it comes to easily finding and accepting bids for NFTs.
When it comes to actually using offers, the system is simple. You start by going to mint.funconnect your wallet, and then click Offer button in the profile drop-down menu. Doing so will bring you to a dashboard like the one shown just above.
Specifically, this dashboard will show you how many NFTs you have that have active offers. It will also show the exact NFTs in question, the Wrapped ETH (WETH) bid sizes, the percentage difference between the bids and minimum prices, the wallet addresses of the bidders and the NFT marketplaces where the bids originated.
You can browse through the active bids using filters for highest bids, largest bid-to-floor differences or recent bid activity. If you find an offer you like, you can click on Accept button by selecting NFT, after which you will see a popup like this:
In this popup, you will be able to make a final review of the offer expiration time, the marketplace and royalty fees you face, and the final amount of WETH you can receive.
If everything checks out, press Accept button again, complete the sale transaction with your wallet, and voila! That’s all it takes. In your address you will have your new WETH, which you can then bid, hold, unwrap or make any DeFi exchange you want.
Ultimately, then, the mint.fun Offers tool streamlines the process of finding buyers for your NFTs.
If you have a lot of NFTs, many of the active offers you will see will be low thanks to “stinking bids”, but the accompanying statistics on mint.fun – such as bid-to-floor differentials – will help you take informed decisions for your wallet in an easily accessible way.
Of course, if you are mainly interested in clearing your wallet and are happy to bid some offer on the NFTs you are ready to move on from, this tool will be right for you!
William M. Peaster is a professional writer and creator of Metaversal– a bankless newsletter focused on the rise of NFTs in the crypto-economy. He has also recently contributed content to Bankless, JPG and more!
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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
Mediation. From time to time I may add links in this newsletter to products I use. I may receive a commission if you purchase through one of these links. In addition, the Bankless writers have crypto assets. See our investment information here.
