Published on August 29, 2022
Do You Need Discord to Trade NFTs?
Discord can be an incredibly useful tool for trading NFTs and connecting with your favorite NFT communities.
9 min read
Non-fungible tokens (NFTs) have been a hot topic in the crypto-sphere for quite some time now. When it comes to trading, their popularity is escalating with each passing day. But if you're new to the world of NFTs, keeping up with new NFT projects can become challenging. At such times, Discord communities come to the rescue.
Discord is a communication platform for all kinds of communities, such as gamers, artists, fans, and NFT enthusiasts. Discord is easy to set up and free, so you can start immediately.
Nearly every NFT project launches a Discord server to foster community, announce project updates, and chat directly with their most passionate members. As a result, Discord has aided in the growth of many NFT audiences, investments, knowledge, and trading. For example, The Crypto Barista, a cafe in New York City, is solely funded by NFTs, and they have around 1.2k members in their Discord community.
In this guide, we'll show you how to use Discord to trade NFTs. We'll also walk you through the step-by-step process, from setting up your account to getting to know the NFT project you are trading in. And don't forget to join the icy.tools community on Discord!
What is Discord?
Discord is the complete community chatroom. It's also an audio and video chat application with many features, such as assisting bots, private groups, chat, and voice text, making it perfect for building a community for your creative work. Although it was initially created for gamers, other communities quickly adopted it due to its useful features.
Because community building is an integral part of web3, Discord quickly became the preferred meeting point for groups looking to grow and build their NFT project with fans and members. In short, Discord is the go-to place for finding NFT communities.
Some features that make it an interesting attraction for NFTs or crypto communities are the following:
One of the main reasons people prefer Discord over other platformers is the ability to create private groups. Other users cannot join these groups unless they have an invite link or know the password, which provides an extra layer of security.
Because private communities can blossom around a cool NFT project, members can share their thoughts, ideas, and beliefs about the project with an exclusive group of people.
One major advantage of private groups is that they offer exclusive conversations and information that can help you get an edge over others when trading NFTs.
Bots That Assist You
Discord is plentiful with bots designed to assist you within the community. For example, the OpenSea Listings discord bot can notify you anytime a high-end NFT is listed at a low price. Another example is the NFT Mints bot, which can notify you about newly minted NFTs.
And all this is just the tip of the iceberg. Similar discord bots can help you with NFT trading, and even offer cryptocurrency news so that you don't miss out on crucial information about the market. Don't forget to set up your icy.tools Alerts for Discord!
NFT Discord communities consist of project members, NFT holders, and other NFT enthusiasts. These communities can be filled with people willing to share crypto and NFT advice.
Within a Discord community, specific channels are often dedicated to a certain topic. These topics can range from "project roadmap" to "memes." These specific channels create a sense of belonging as well as an opportunity for community members to contribute to the project.
NFT projects tend to invest a ton of effort and money into building a strong community of backers and collaborators. Some of the most famous NFT communities are Bored Ape Yacht Club, CryptoPunks, Doodles, Veefriends, etc.
Now that you know what Discord can offer you as an NFT holder. The real question is whether you need Discord to trade NFTs or you can do without them.
Do You Need Discord to Trade NFTs?
No, you don't need Discord to trade NFTs. But if you'd like to get a deeper understanding of the NFTs you're investing or trading in, it is certainly beneficial to join their Discord community. A smart trader uses all the tools available, and Discord can be hugely useful in the world of NFTs.
Discord is one of the most underrated social media platforms out there. Being in the right communities at the right time can get you ahead of the market, especially in the crypto and NFT space. So, let's help you make an account and join Discord!
How Do You Join Discord?
Create Your Account
To create an account, follow these steps:
Join the server
Once you've created an account on Discord, you'll want to join the server of your favorite NFT project and interact with others. For that, click on the Discord symbol within an NFT project's official website for the invite link.
Within Discord, you can find a list of servers you have joined on the very left side of your screen. By moving the server symbol to the proper position, you can change the order of your servers.
Once you've joined a Discord server, it will likely prompt you for permission to join.
Sometimes, when you enter a server, you may find it empty or quiet. Fret not!
To steer clear of spam and bots on a server, some projects ask you to agree to their terms of service before you can view their channel. Simple gateways include selecting an emoji (typically in the shape of a tick or check mark with a numeral next to it). Once you've completed that, you'll be able to access all the channels and chats going on within them.
Pages that belong to a particular server are referred to as channels on Discord. There are two types of channels on Discord:
Text channels come in two types: public and private. Public text channels are available to anyone who visits the server, while private ones are only visible to those members who have been granted access to them. Private text channels can be used for discussing sensitive information like bank account numbers or passwords without worrying about being seen by others.
These text channels also consist of information related to the NFT projects with channel names like Lore, Roadmap, Start-Here, Socials, etc.
Leveraging Discord Community
Once you get familiar with Discord, you can start leveraging it for information and community. You can see a list of all users on the right side of your screen. The projects have distinct categories to denote bots (used to assist in channel moderation, offer metrics, make announcements, and more) and individuals of various user roles depending on their involvement in the channel. In addition to the list, when users communicate on text channels, roles may also be denoted by an additional icon next to the user's name.
Some projects reward users with levels or positions for performing particular tasks, number of interactions, or simply for being active in general to encourage people to engage with the community. This is also considered for choosing individuals to be on an allowlist for NFT mints. So, you can even get early access to some NFT projects through Discord.
Additionally, if you have access, you can communicate using voice channels. The administrator will grant you this access but has the right to revoke it at any time. Voice notes not only help you build better credibility and trust but also clear your issues in a better way. So, you will get more familiar with the project and NFT markets to trade better. These discussions will also save you from scams, as you can just ask around before investing in any project.
See you on Discord!
NFTs are a great way to express one's creativity, but can also be leeched upon by fraudsters. Within a Discord community, the NFT project founders regularly lay out the rules of the server, along with specific scam attempts their members need to be aware of. So tread carefully!
The idea behind Discord is simple: it allows you to connect with other users, regardless of whether you know them personally, and help you make new friends, brainstorm ideas, and exchange information.
Overall, leveraging Discord to trade NFTs is a choice left to you; but in your NFT journey, you're sure to find some awesome communities willing to help you make more informed decisions along the way.