Non-fungible tokens, you have heard a lot about it, right? And the NFT projects from which you can seamlessly make a lot of money. You can also experience the journey of buying and trading NFTs at ease. But the fact is that there are so many NFTs projects available to pick from. The best creators out their launch something every minute.
But honestly, some projects also have low liquidity rates and are not in demand. This is because NFT is unique, and you need to pick a project that offers impressive collections, and that is where the creators often lack behind. Due to this, so many people are interested in trading and buying NFTS. But they are more curious to learn how to find NFT projects early.
If you have decided to enter the world of trading, remember to pick the projects earlier that provide you with better and long-term margins. But the trickiest pasty is identifying the NFT project that offers you high-quality results.
So, here is a step-by-step guide for you. A list of a few essential things you can consider to find the best NFT project for yourself. So consider it and start your trading journey at ease.
What makes NFT projects successful?
Well, several factors contribute to the success of NFT projects. No doubt, the right timing and luck play an important role too. But besides it buying an NFT collection promises you high results. Moreover, some other factors contribute more to the success rate of the NFTs project. Check out below to learn what those attributes are.
- A strong team behind the NFT project that has proven track records
- A clear and précised roadmap
- The artist of NFT collections
- The organic and engaging community
- Effective marketing skills
- Some utility, even if it is just like a profile picture
However, it is not claimed that these factors will provide you high success rate in the NFT team, but the chances are still better than other projects that don’t have these factors in the count. The best team with notable artists and a clear roadmap will have more chances of success than a project with no roadmap, utility, or website.
You can make a lot of your investment if you pick the right kind of NFT project. And for that these factors with help you a lot. So consider it to make your NFT project successful. With these tips, you can enter the beautiful world of collecting NFTs and trading it.
- Why random NFT projects won’t work, and what to avoid while choosing the project?
Buying a random NFT project won’t offer you high returns, and you will lose money. Besides, they don’t come with evidence proving the NFT project will go high over time. If you have already invested before then, you might know how difficult it is to find good NFT projects.
You will undoubtedly find many projects, but plenty of them are not a good pick. A lack of skills and resources is required to create high-quality arts and other forms of entertainment. That’s why choosing the right kind of NFT project is essential, as it will promise you high returns and long-term benefits.
Besides this, to pick the right NFT project, here is a list of things you should avoid. It will ensure you do not buy a worthless project. So ensure you check it out and avoid these things-
- Bad design
- The unengaged team behind the NFT project
- Inconsistent quality of NFT collection
- No clear road map
- Bought followers on social media platforms
These are some factors you should avoid while picking the NFT project. It will ensure that you have chosen the right project. Every second, thousands of NFT projects are pumped out. Some are nice, while others come with low-quality control. However, this strategy is ineffective as you will lose money or may not get a high return valuation. Due to this, opt for the trading collection.
How can you spot the promising NFT projects early? Tips to consider
Throughout 2021, the market growth of NFTs commodities will be unstoppable. You will find many NFTs projects like BAYC, Cool cats, crypto punks, etc. Everyone is trying hard to be a part of the best NFT projects that promise them high returns.
Today, so many projects are announced and then dropped off. That’s why, if you are looking forward to finding the NFT projects early, here are some tips you can consider. These will help you spot the most promising NFT projects that will yield high results.
Believe it or not, Twitter is one of the most renowned platforms where you can find many promising NFT projects in their early stages. The NFT community is highly active on Twitter, so many popular buyers and influencers carry out the projects on Twitter.
Besides this, you will gain a lot of specific information about NFT projection and their performance on several Twitter accounts. There is also a Twitter space where you will get treading real-time data and news from the top verified creators.
Be active in discord
Discord is another online platform that provides insights on NFT projects with serious potential. Besides, almost every new NFT project from the creator is highlighted on the discord. However, the engagement depends upon popularity. You can also find a lot of discord servers that offer you discrete NFT collections.
Use the power of Nansen.ai
If you want to understand the trending and exciting NFT projects better, then Nansen.ai is something you should look upon. It is a data aggregator that collects buyers’ information from different NFT markets. After which, it visualizes the information in different ways for the audience.
Due to this, it becomes pretty straightforward for a buyer to figure out what kind of NFT project they are buying and which collection offers them higher values. The generator also reflects what the collectors are holding up and buying.
Review the project roadmap
To figure out the best collections, it is essential to go through the roadmap of the NFT project. It is a crucial part of NFT projects and shows all the details like important dates, events, the creator’s plan, etc. Besides, it also highlights the list of NFT collaborations and partnerships.
It will also give an idea about the project’s longevity, ensuring that you do not buy an NFT project with shorter roadmaps and unrealistic targets. Reviewing the roadmap will benefit you and give you an idea of what you can expect from the project launch.
Keep an idea on every new activity on the NFT marketplace
You will find many NFT marketplaces like OpenSea, rarible, etc., which help track all the latest and trending collections. With the tool available on the site, you can easily monitor the activity on the platform. Besides, unlike other tools, this one is entirely free to use.
You can manually track every activity, including trades and statistics. That means it will give you a better idea of the demand for NFT collection and whether opting for a particular NFT project is worthy.
Check out the Icy tools.
Another way to figure out whether the NFT project is promising is by identifying the patterns of the NFT market. Thus, you can do this by using Icy tools, and this tool provides you with real-time new and minute-to-minute updates.
Although several people hesitate to buy the paid tool, if you make an account in the NFT marketplace, you can easily use this tool. It will help you find the undervalued NFT projects.
Check the liquidity and market volume.
These are two essential concepts in your journey of finding the best NFT projects early. It is necessary to measure liquidity and market health. With the help of it, you can easily select which NFT project will provide you with high returns.
However, liquidity is a term that refers to how fast and easy one asset can be converted into another asset without deteriorating the price. With a liquidity spectrum, you can easily compare different assets and find the most promising NFT project early and quickly.
Effective ways to find out about NFT projects early
Here are some effective ways to find the NFT projects quickly. With NFT projects, you can earn a lot of profit, and besides, you can share your ideas with the world. But today, as the competition is increasing rapidly, it is vital to have proper planning to add security and safety to your investment whenever you enter the NFT marketplace.
It will make sure that you can make a good amount of money. But the question arises, as the demand for NFT projects is increasing; finding a project that offers you better results is a bit challenging. That is why; here are some steps you can take in count. It will help you to find the best NFTs project in a short period.
1. Use NFT calendar
The best and easiest way to find NFTs projects is using the NFT calendar. This calendar will showcase all the upcoming news of NFTs and highlight the latest NFT launches. It is evident that if you know all the details about NFTs launch, you can easily find a project ready to launch. Besides this, you can access the website and use it as the initial step in researching NFT projects.
Along with that, the website is entirely free and updates regularly. So you can use it anytime without restriction and stay updated on all NFT launches. By this, you can find a project easily through the NFT calendar.
Besides this, the NFT launches will put down all the links to the entire site related to the project. It will make it easy for you to research all the NFT projects. However, for showcasing the projects on the site, the NFT creator must submit their projects and the running list every day and week. However, for that, you need to follow three steps-
- Choose your NFT marketplace
- List down your NFT projects
- Promote your NFT projects
In this way, the NFT calendar can be an ideal choice to find NFT projects and get an idea of the NFT marketplace before time.
2. Research yourself
When you look at the marketplace, you get different cryptocurrency operators and new collections or existing ones. However, this case only applies to new NFTs, cryptocurrencies, and games. Thus, if you want to figure out the assets of the NFT platform and track the website, you need access to price, market cap, owners, and trading volume.
Several social media platforms provide you with all the detailed information about NFT projects. However, whenever you choose any NFT project, it is imperative to look at the team working on it, and this will ensure that you have picked the right NFT project.
3. Join NFT whitelists and communities
Another way to find NFT projects is by being a part of NFT communities. Some so many traders find difficulty in minting the fresh NFTs, and this is because they find that all the assets have already been bought. In that scenario, the projects will be launched on the secondary markets at a high price.
You will get a small profit margin if you buy a project from there. But luckily, you can avoid it by adding yourself to the NFT whitelist. With this, you can guarantee access to projects that are too early. Besides, you will get the projects at quite an affordable price.
However, some projects require an eligibility check. So once you meet it, you can quickly start minting your NFT and find the NFT projects hassle-free and fast.
4. Learn the rarity prospect of NFT
Some of the NFTs are unique from others. Due to this, if you want a high-quality NFT, you must invest enough time in searching every minor to significant thing of NFT, especially the rarity of it. It will ensure that you make much more profit from the NFT project.
Push yourself to search for the rarity of NFT and figure out what separates this NFT project from others. Additionally, you also need to figure out the age of NFT. It is believed that the old NFT is, the more value it will offer you, and the more unique it will be. Undoubtedly, the value of digital art increases as time passes. But all these facts apply to the best NFT projects.
5. Be patient and wait for the projects
To find the NFT projects early, wait for the project. Whether the project is good, bad, or rare, you should not immediately jump on it and buy it. The advantages of the digital world are indescribable, but it also has a few drawbacks: scams. Thus, it can affect the valuation of your NFT projects.
That is why, if you went in rust to flip the NFT without even going through the background of NFT projects like who is the creator, the team behind, rarity, and liquidity, you might lose a lot of cash. That’s why you should look at the history of the NFT projects you pick.
See who has created it, and many times it has been flipped. Besides this, ensure that the digital pieces you picked check all the boxes. This is because; if you know what you sell, it will become easier for you to flip. In short, ensure you do not rust in buying an NFT project.
6. Detailed uniqueness and attributes
Undoubtedly, all the NFTs follow the same concept, but it adds different and specific details that make the NFT unique from others. Thus, that is the point to pay attention to while choosing the NFT projects to invest in. It will ensure that whatever NFT you invest in is successfully generating thousands, and this can be possible only if the characters on the NFT project collection are different.
For instance, if you are investing on 20 pandas, then what details on each panda make it different from another? Which design is alluring? Why investing in it can be beneficial? Is it the right NFT project that you are looking for? In short, breaking down the details of the NFT project will help you find the models and artworks that grab the public attention.
If so, then you can immediately invest in the NFT project. Thus, remember, if the liquidity of the NFT project is low and there is no demand for that particular NFT project in the market, then investing in it is entirely worthless. That’s why it is essential to check the uniqueness and specifications.
Must read about What Are NFTs, And Why do They Have Value
The final verdict!!
With these factors, you can easily find an NFT project that you can rely on. Besides this, it will make sure that you spot the right kind of project that offers you great investments in the long run. Follow the guide and find the right sort of NFT project.
Besides this, you can also try visiting the creators and team of the NFT project online. It will help you understand which projects are worth investing in and the significant reasons that have led to the success of these NFT projects. So make sure you consider all these facts to get the best deal.