#raioninfluencer Abimbola Abe: “5 Ways To Spot a Good NFT Project.”
With the current Buzz around NFTs, I think it’s only right to know how to separate noise from the signal.
This short and detailed article will help you to identify those projects that have potential and those that have not.
1. Look For the numbers.
The number of transactions, number of token holders, and total supply are important indicators for the project’s performance.
2. Look at the Use Cases
They are what makes an NFT project interesting — they are what separates it from the rest of the projects out there.
3. Check Twitter
NFT lives, communicates, and displays its majority of communities and information on Twitter; any worthwhile project, including new ones, will have a Twitter presence that is worth monitoring.
Currently, this is the only social platform where NFTs and NFT art is mainly discussed; it is the most effective and best platform for finding plenty of NFT projects as well as marketing and promoting your NFT art and collectibles.
Unlike Instagram, Twitter is the most popular social media platform among NFT members.
3. Check out the project they’re working on
Here comes the main puzzle piece: the project itself. One of the most essential pieces of NFT seems to be the project, or in my opinion, the brand. This is what keeps people interested and keeps the demand for their assets high.
4. Analyze the NFT Group
Some NFT project teams will be made up of well-known individuals, while others will be led by unidentified individuals or teams and yet others will have both known and unknown contributions mixed. You should become familiarized and comfortable with the main founders and cross-check their background reputation about what they have done in the past, and note down their performance with the audience.
5. Join the Discord and Telegram Channels
NFT projects generally maintain channels on both Discord and Telegram. These community conversations can be quite useful for gaining an understanding of the community, attitudes, and activities of a project.
You are one step closer to discovering the optimal NFT for you and your long-term investment goals once you determine these three important aspects of research check-out.
Remember to ALWAYS conduct your own research!
