When Ebay started, I bought some timeshares in the 1990s. And now, the same practice is being applied in the current NFT space.

However, a new phenomenon has infiltrated NFT auctions - the practice of sniping.

So what exactly is it? Let’s find out.

Key points covered in this episode: 

✔️ Sniping is the mass purchase of NFTs at the very last minute, decreasing its sale price. These incidents affected people’s NFT pricing strategy. And it doesn’t look too favorable for most. 

✔️ Snipers are definitely bad news in the NFT auction space. Some enthusiasts have crafted bots to solely do the dirty work for them, causing an uproar among NFT fans, as snipers can resell the NFTs for a higher value. 

✔️ Be aware of handling snipers. Once you’re immersed in the NFT space, it always helps to pay attention to what’s going on. Don’t be afraid to ask for advice from other collectors.

✔️ Snipers are changing the pricing strategy of the NFT business. The unexpected can come crashing like a rogue wave. And that’s exactly what snipers have caused at NFT auctions. As sniping bots bid en masse, people miss out on getting NFTs at lower prices.

✔️ As an NFT hunter, know what’s going on out there. Make it a daily habit to catch up on the latest updates in the NFT space. Join the conversation in the fight against sniping. And remember, don’t be a part of the problem!

✔️ Snipers can affect your NFT launch. What’s the best way to deal with snipers at your auction? Don’t let them win. Everyone deserves a successful and fair experience.  In the world of NFTs, the main star should always be YOU - the buyer and the trader.

Learn about NFTs and with the best timeline resource here: https://nfttimeline.com/

Here’s a list of the top NFT Platforms right now:

• OpenSea.
• Mintable.
• Rarible.
• Foundation.
• SuperRare.
• AtomicMarket.
• Async Art.
• NiftyGateway.

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