Non-fungible tokens (NFTs) have recently grown in popularity; yet, many new initiatives have been dangerous, prone to value stagnation, minimal effort, or, worse, outright scams. In this regard, credibility, integrity, and transparency are extremely important (and becoming increasingly rare) in the area, and the Random Character Collective is one of the pillars of these ideals. The Random Character Collective has established an organic community of creators (artists in both physical and digital mediums) and consumers over the course of several successful projects, coining the "walking" category of animated NFTs. The Invisible Friends collection is a series of 5,000 animated NFTs designed by Markus Magnusson and is the Random Character Collective's most recent and possibly most hyped endeavour. The Invisible Friends collection is now in the pre-mint stage, with the first holders of the NFTs unknown.

How to Amass Invisible Friends

Because the Invisible Friends project has not yet began its public minting phase, the greatest value proposition at this time is the ability to obtain a mint spot by entering the public mint's whitelist. If you are successful in getting on the whitelist, the price to mint an Invisible Friend on its website is 0.15 ETH plus gas fees, which must be paid via an extension-based cryptocurrency wallet such as MetaMask.

How to Obtain Whitelist Status for Invisible Friends NFT Collection

The whitelist to mint, like many other NFT projects, is intended to incentivise community engagement, so ways to get on the public whitelist include holding other Random Character Collective tokens, winning Twitter sweepstakes for people who create Invisible Friends fan art, purchasing some of the limited Invisible Friends merchandise, or winning giveaways on its Twitter.

Invisible Friends NFTs Are What Are They?

Invisible Friends is a collection of 5,000 animated NFTs depicting walking avatars with translucent skin. NFTs have a diverse set of characteristics that contribute to their scarcity and market value. The Random Character Collective has already announced a 3D cooperation with Nguyen Nhut, demonstrating the potential to tie future (airdroppable) projects into Invisible Friends in the same vein as the Bored Ape Yacht Club with the Mutant Ape Yacht Club, which is a possible long-term value increase.

Who Is the Designer of Invisible Friends?

Markus Magnusson started the Invisible Friends project after showing a variety of walk cycles on social media, and he joined the established Random Character Collective. Magnusson has previously released NFTs that have empirically fetched a significant floor price, and the Random Character Collective has already released a number of popular "walking" NFT collections. In this regard, the makers of Invisible Friends are trustworthy and experienced, and they have also proven to be transparent throughout the collection's creation process.

On OpenSea, how can you purchase Invisible Friends?

Once the minting process is completed, Invisible Friends can be purchased on OpenSea, removing the randomness of the minting process, however the collection's floor price will almost definitely be significantly more than the 0.15 ETH mint price.

Purchasing Invisible Friends on OpenSea will be similar to purchasing from any other NFT collection in that you will require an extension-based wallet with enough Ether to meet the price of a listed NFT and the associated gas cost.

Maintain the Security of Your NFTs

A hardware wallet, which is completely isolated from the internet, is the greatest long-term solution for keeping your Invisible Friends (and other Ethereum-based NFTs) safe. In this way, NFTs and other assets held on hardware wallets are protected from phishing attacks produced by fraudulent URLs. Ledger's Nano X and Nano S are two of the most popular hardware wallets, with compatibility for most blockchains and full NFT support on both the Ledger hardware wallets and Ledger Live.

Having said that, hardware wallets cannot defend against social engineering vulnerabilities, thus the 24-word recovery phrase linked with your hardware wallet is the path of least resistance to the cash in a hardware wallet and should be secured as such. Hardware-based assaults are also conceivable, but most people consider them to be less dangerous than social engineering attempts.

Where Can I Purchase Ethereum For NFTs?

To buy or mint an Invisible Friend or any other Ethereum-based NFT, you'll need Ether, which will cover the Ethereum Network's gas fees as well as recompense the project's artists and distributors, in this case Markus Magnusson and the Random Characters Collective.

To purchase Ether, you must use a cryptocurrency exchange, same to how you would purchase foreign cash. These exchanges are classified into two types in the cryptocurrency space: centralised exchanges (CEXs) and decentralised exchanges (DEXs). CEXs are arguably easier to use and better for transferring funds between fiat currencies and digital assets, whereas DEXs have lower fees and more esoteric token trading pairs for transferring funds between digital tokens.

Gemini, eToro, Coinbase Global Inc. (COIN), and Voyager are among the greatest CEXs, all of which have desktop and mobile clients that may be linked to debit and credit cards, as well as bank accounts.

Is Minting an Invisible Friend NFT Worth It?

Overall, considering the realistic timeline and reputation of the project, as well as the current demand in the NFT field, minting an Invisible Friend has a relatively minor drawback (assuming that getting into the whitelist is taken for granted). Looking at the current prices of the other Random Character Collective projects and the community passion surrounding fan art and the mint whitelist, the upside is also rather large. Having said that, the long-term value of Invisible Friends (or any other NFT project for that matter) is very speculative and should not be kept without diversification and hedging.

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