What is the meaning of whitelisted in the context of NFTs in the cryptocurrency industry?

3 answers

• Singh ShivamMar 07, 2023 · 2 years ago
  Whitelisted refers to a process where certain addresses or individuals are given special permission to participate in a specific NFT sale or event. It is a way to control access and ensure that only approved individuals can purchase or interact with certain NFTs. This can be beneficial for creators or platforms to maintain exclusivity or limit participation to a specific group of people.
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• Yohannes KifleJan 08, 2024 · 2 years ago
  In the context of NFTs, being whitelisted means that you have been granted permission to participate in a specific NFT sale or event. This is usually done to prevent bots or scalpers from buying up all the NFTs and to ensure that genuine collectors have a fair chance to acquire them. Whitelisting can also be used to create a sense of exclusivity and scarcity, which can drive up the value of the NFTs.
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• MrGusJun 11, 2022 · 3 years ago
  Whitelisting in the context of NFTs is a process where certain addresses or individuals are given special access to participate in a specific NFT sale or event. This can be done by the NFT platform or the creator of the NFT. By being whitelisted, individuals have the opportunity to purchase or interact with the NFT before it is made available to the general public. This can create a sense of exclusivity and can also help prevent bots or scalpers from dominating the market.
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