How to sell out an NFT collection in 4 weeks or less?

February 22, 2023
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5
min read

https://www.chase.be/hoe-verkoop-je-een-nft-collectie-uit-in-4-weken-of-minder-ke5tz

How to sell out an NFT collection in 4 weeks or less?
Have you ever wondered what Web3 is and what each project is all about? Web3 companies are projects built on the blockchain that integrate digital assets and virtual worlds, incorporating community input through participation. Well, xSpectar is a prime example of a Web3 project that combines NFTs and the Metaverse to create its own unique world.

xSpectar is one of the leading projects on the XRPL network. The team is building a universe in the metaverse and uses its own cryptocurrency to reward the community for actively participating in the digital ecosystem.

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The goal of xSpectar is to create a membership-based community in the metaverse with the help of its community. It is one of the few projects tapping into the $1.589 billion metaverse market.

Planning for the NFT Launch on XRP

xSpectar reached out to Chase to help sell out their NFT collection within four weeks. Their focus was on a small NFT community on the Ripple blockchain, utilizing organic reach, social storytelling, and growth-hacking strategies.

The goal of the xSpectar agents' NFT sale was to provide the XRPL community with an NFT collection that could be used in the xSpectar Metaverse, with the NFTs convertible into 3D avatars for exploring the different worlds. The secondary goal of the sale was to generate sufficient capital to support the development of their marketplace and metaverse, which was built on Unreal Engine 5 and required an experienced team of developers.

XSpectar recognized Chase’s potential as a leading digital marketing agency. We have a proven track record of driving the success of Web3 projects through well-executed social media campaigns. This included static and dynamic visuals, growth hacking, and outbound marketing campaigns targeting the XRP community. Our new Web3 department managed the entire onboarding process, developed the launch strategy, identified the right channels, and produced marketing content.

How to succeed in the XRP space?

With an existing community and visual assets that could be repurposed for marketing, we developed a step-by-step plan aligned with XSpectar’s ongoing activities to maximize our marketing efforts. We produced high-quality dynamic and static social media content, which we promoted using relevant hashtags such as #XRP and #NFTs.

In our visual library, we also helped create a promotional social media video to attract users through paid ad campaigns and drive traffic from word-of-mouth marketing efforts, highlighting the limited availability of the NFTs.

Each social media post included industry-specific hashtags to boost organic reach and was further promoted through paid boosts to ensure it reached the target audience. Additionally, we partnered with specific XRP and NFT influencers to spread the word about the NFTs through NFT or XRP giveaways, generating additional traffic.

In the final phase of the project, we identified the need for conversion ad campaigns on the xSpectar landing page to highlight the limited number of NFTs still available. When we launched the social media ad campaign on Meta, our goal was to sell the remaining 200 NFTs during the final week of the sales event.

What were the results of the XRP campaign?

xSpectar successfully sold 7,111 NFTs in four weeks, generating $1.5 million, with NFT prices ranging from 444 XRP to 888 XRP per NFT sold.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">🔥🚨 PRE-SALE SOLD OUT 🚨🔥 <br><br>All 7,111 agents sold! Thanks to everyone who purchased one or more agents 🙏</p></blockquote> <br><br>We feel truly humbled by the great support from our amazing community; you are the ones that make this possible! <a href="https://twitter.com/hashtag/xSPECTAR?src=hash&ref_src=twsrc%5Etfw">#xSPECTAR</a> <a href="https://twitter.com/xspectar/status/1594414642129944578?ref_src=twsrc%5Etfw">= Community ♥️ <a href="https://t.co/fO0MhABqqC">pic.twitter.com/fo0mHabqqc</a></a> — xSpectar™ (@xspectar) November 20, 2022<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Xspectar's tweets ranked at the top of key hashtags such as #XRPL, #XRP, and even #NFT, which required a significant amount of engagement—likes, replies, and retweets—to reach the top. We successfully achieved this goal, resulting in greater organic reach on Twitter.

Since xSpectar sold out its entire collection, the company has begun working on its metaverse project and has generated enough liquidity to complete its xSpectar marketplace.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">BIG NEWS, AGENTS! 😎 <br><br>The native <a href="https://twitter.com/hashtag/xSPECTAR?src=hash&ref_src=twsrc%5Etfw">#xSPECTAR</a> Marketplace is! </p></blockquote><br><br>🧬 Make & accept offers in <a href="https://twitter.com/hashtag/XSPECTAR?src=hash&ref_src=twsrc%5Etfw">#XSPECTAR</a> or <a href="https://twitter.com/hashtag/XRP?src=hash&ref_src=twsrc%5Etfw">#XRP</a> <br>🧬 ZERO trading fees <br>🧬 Filter traits & rarities <br>🧬 See offers from other marketplaces <br><br>Let the trading begin! <a href="https://twitter.com/xspectar/status/1621781002921058304?ref_src=twsrc%5Etfw">👇 <a href="https://t.co/6V2psTP0lb">https://t.co/6V2psTP0lb</a> <a href="https://t.co/RR86GSwfv4">pic.twitter.com/RR86gSwFv4</a> — xSpectar™ (@xspectar) February 4, 2023<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></a>

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