How to research an NFT project

NFTs are a new land in the crypto garden, they have been developing for quite some time before coming to light in 2021. If you are interested in NFTs and want to seriously research an upcoming project then spend a few minutes to read this article, maybe it will help you. Project team The team is a very important factor in the success of an NFT project upon launch. A team will often have the following departments: dev (technical), artist (artist), community (community development and support), marketing (product marketing),... You will need to find out who the people are. Who is this person, has any outstanding achievements in the past, and does he have experience in NFTs in particular and in crypto in general? Projects with great backers or partners also show prestige and interest when the project is about to launch.

After learning all about the people who created the project, you can evaluate whether it is a good project, meticulously invested, or just intended to deceive investors. Of course, there are exceptions to everything, some projects with anonymous teams still bring high profits to investors. However, the number is insignificant and it is very difficult for you to get early access to such projects. Road map (Route) Roadmap represents the ambition and vision of a project, you can find the answers by looking at the road map. Time to launch the collection? What are the activities after the project is launched? Holder's rights? Future promotional events… If the project has started to take the first steps of the roadmap, you can also check to see if the developers are keeping their promises as shown on the road map. From there, there are assessments of its reputation and potential.
Community Community is also a very important element of NFTs. The community will show support for the project and money will likely flow in. You can go to social networking sites like X, Telegram, Discord to see the number of followers and know what people are talking about there. However, if just looking at the number is not enough, you can check the actual number of followers through some tools, such as the number of followers of a project on X can be checked via https:/ /twitteraudit.com/ .
Or look at the number of active members on Discord, projects have many ways to make the community vibrant. For example, giving away NFT mints to members who contribute a lot, or organizing Art contests, memes, and games to attract and warm up projects before they are official. debut. How to research an NFT project Admin - September 1, 2023 NFTs are a new land in the crypto garden, they have been developing for quite some time before coming to light in 2021. If you are interested in NFTs and want to seriously research an upcoming project then spend a few minutes to read this article, maybe it will help you. Project team The team is a very important factor in the success of an NFT project upon launch. A team will often have the following departments: dev (technical), artist (artist), community (community development and support), marketing (product marketing),... You will need to find out who the people are. Who is this person, has any outstanding achievements in the past, and does he have experience in NFTs in particular and in crypto in general? Projects with great backers or partners also show prestige and interest when the project is about to launch.
After learning all about the people who created the project, you can evaluate whether it is a good project, meticulously invested, or just intended to deceive investors. Of course, there are exceptions to everything, some projects with anonymous teams still bring high profits to investors. However, the number is insignificant and it is very difficult for you to get early access to such projects. Road map (Route) Roadmap represents the ambition and vision of a project, you can find the answers by looking at the road map.
Time to launch the collection? What are the activities after the project is launched? Holder's rights? Future promotional events… If the project has started to take the first steps of the roadmap, you can also check to see if the developers are keeping their promises as shown on the road map. From there, there are assessments of its reputation and potential. Community Community is also a very important element of NFTs. The community will show support for the project and money will likely flow in.
You can go to social networking sites like X, Telegram, Discord to see the number of followers and know what people are talking about there. However, if just looking at the number is not enough, you can check the actual number of followers through some tools, such as the number of followers of a project on X can be checked via https:/ /twitteraudit.com/ . Or look at the number of active members on Discord, projects have many ways to make the community vibrant. For example, giving away NFT mints to members who contribute a lot, or organizing Art contests, memes, and games to attract and warm up projects before they are official. debut.
There are still many other types of utility, all of which come with NFTs that will attract investors to own them. It's like a benefit when you own an item. Instead of just having pure artistic value, NFTs now have many utilities that will make more people interested in it. Since then, the value and liquidity of NFTs have also increased over time. Has its own characteristics, leading the trend Projects that are at the forefront of a trend will always be attracted and supported.
NFT has witnessed many trends such as PFP (avatar image), Pixel (Crypto Punk, Moonbird), AI technology (Alethea AI), 3D paintings, Art (art). Leading and unique projects always attract more cash flow than their derivative projects. Reality shows that "following" projects at the same time are often unsuccessful or quickly fade away. A 22-year-old Indonesian student became a millionaire when he released an NFT set featuring his selfies. This "unique Binh Duong" collection called Ghozali Everyday includes nearly 1,000 selfies of the guy sold at a starting price of 0.001 ETH but then skyrocketed several hundred times after just a few days of opening. sell.
This is also a very surprising success of a collection that has no investment but is simply unique. Immediately after that, there were quite a few NFT sets running in this form, but of course they did not bring such unexpected results.