How To Evaluate NFT Value

I have a lot of people ask me how I determine the value of an NFT. This can get very complicated for an analytical person. The short answer is that the market decides, but some of the main variables are listed below in no particular order.

What drives Value:

• Art — Is the art attractive, innovative, one of a kind, is the artist famous?
• Team — Has the team been doxxed? Have they delivered projects in the past? Are they 100% dedicated to this project? How many people are involved?
• Supply — How many NFTs are available in the market?
• Community — Is there a supportive community on Discord and Twitter?
• Communication — Does the team give weekly updates on roadmap progress? How active is the team in Discord and Twitter?
• Rarity — How rare is your NFT in the given collection?
• Roadmap — Has the project delivered a roadmap that seems feasible?
• Utility — Does the project offer anything besides a PFP image? Do they offer passive income, staking, breeding, access to special tools, alpha, or preferred access to future mints?
• Current Features — It’s really nice when a project has some of the utility developed before dropping the NFT. This tells me they are already established and have proven abilities to deliver. There are a lot of projects offering a lot up front with a small chance of delivering. This is a big red flag aka rug meter starts going off.

Hopefully this list will give you some guidance as you navigate your NFT journey. Follow our team on the platforms below to learn more.

Happy Minting!

LinkedIn — https://www.linkedin.com/groups/9124212/

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Medium — https://medium.com/new-to-nfts