The crypto world is falling apart… for now. If you’re still here and survived when one of the largest entities in the space collapsed, I applaud you.

The market will recover like it always does, so we continue to look for promising ideas. The mantra for investors is “be greedy when others are fearful,” so let’s kick this off.

Win Raffles With Cometa

If you’re actively trying to get access to different NFT collections, you know that many teams hype up their socials by conducting raffles or requiring users to grind in Discord. 

To increase your chances of winning, you may resort to a tactic known as “Sybil attacking.” To Sybil attack something means using multiple accounts that you control to do the same action. For example, if you enter an NFT raffle using ten different Twitter accounts instead of one, your chance of winning will be higher. 

I won’t delve into the ethics of this approach, but a market for it exists, and some of you might benefit from it. To keep it completely ethical, you can make accounts for your friends and family and, if you win, buy them ice cream or something else from the proceeds as a “thank you.”

The main drawback of Sybil attacking is that maintaining several social media accounts simultaneously can be difficult. You can use generic tools like Firefox’s multi-account containers or dedicated tools like Cometa.

Cometa is still in beta, but it already lets users manage multiple Telegram and Discord accounts. Twitter is coming soon.

The beta is closed, but SIMETRI subscribers and Twitter followers are getting access. This is what you need to do:

  1. Follow Cometa on Twitter;
  2. Retweet this post;
  3. Join the project’s Discord and fill out the form.

If you troubleshoot the platform before it goes into the production phase, you will have a chance to get on an allowlist for its Access NFT mint, which might be worth a significant sum once the project fully launches. 

NFT Meets DeFi

The cross-over between NFT and DeFi has been gaining traction for a while now. The path to meaningful synergies will be rough, but some projects should be highly profitable. 

Today I have a couple of projects on the path to make your NFT trading more effortless. Use them, and freebies will most likely come your way.

Nifty Apes

Credit in any market is essential. We can create it out of thin air (R.I.P., FTX) or use something as collateral to get money out. I vote for the latter.

Using NFTs as collateral would potentially unlock so much new capital in the NFT space that it could restart the niche’s bull market. Don’t believe me? Look at how lending kickstarted the bull run in 2020.

The issue is the NFT market’s illiquidity. A collection might have high volumes today and almost no trading tomorrow. Thus, adequately pricing collateral and managing loans is paramount. Only strong teams will be able to nail it.

One such team might be Nifty Apes. After all, why else would the industry heavyweights like Coinbase and high-level influencers back it?

Nifty Apes may issue a token in the future, so to qualify for a potential retroactive airdrop, the best time to start using the protocol is now. 

The simplest way to use Nifty Apes is to become a lender. You will need to deposit some ETH onto the platform and create offers for collections. I suggest using this tutorial to understand how the process works and this collection to make offers.

Mferswap

You might have heard of LooksRare and SudoSwap, two newer NFT marketplaces trying to take away market share from OpenSea. They were both successful to an extent, but what if we merged the two?

The answer to this question lies in Mferswap. To remind you, SudoSwap keeps NFTs in pools with ETH for instant liquidity, and LooksRare gives token rewards for active participation. Mferswap has both these features. The latter feature means that the more activities you do, the more tokens you get, which is essential given that the airdrop will most likely be Sybil attacked.

You can do the following to earn tokens on Mferswap:

  1. List (create pools) NFTs
  2. Buy NFTs from pools
  3. Create offers for NFTs
  4. Mint a Sudomfer (0.042 ETH, ~$50 price)
  5. Post a tweet by clicking the “Don’t click me :)” button

Minting more than one Sudomfer is risky. It’s better to use the platform and rely on tweeting.

Good luck, friends. Stay safe.

Disclosure: At the time of writing, the author held several NFTs, ETH, and other crypto assets. Read our trading policy to see how SIMETRI protects its members against insider trading.