How to detect promising and sustainable NFT projects in the information flow?
14 October 2022Artists release millions of different NFTs, and it is a challenging task to uncover the most exciting and worthwhile entries among such great variety. Those who can do it, however, will find themselves in the spotlight and can hit the proverbial jackpot.
Top 10 Ways to Find the Coolest NFT Collections
There are a considerable number of different platforms that create and advertise NFT collections. Let us examine the most popular one.
1. Official project websites
One of the mandatory stages in the development of NFT projects is the creation of their own website that include:
- Project description, background, vision, mission, creators, artists, and roadmap;
- Official social media accounts;
- Token distribution system;
- Membership benefits and more.
Once can typically find comprehensive information regarding a project on its website, including release dates and much more.
2. Roadmap analysis
The more detailed a roadmap is, the better. It is the main document that potential investors and buyers analyze before spending their money. Numerous projects constantly introduce new features, related collections, technology transfers, etc. — all to promote community growth and sustainability. The roadmap includes information such as:
- NFT reset information — time, date, and coinage price;
- Upcoming events;
- NFT rarity levels;
- Merch releases and more.
The more effort the team puts into their roadmap, the greater the likelihood of someone deciding to invest in the project.
3. Twitter
Even though Twitter was created as a regular social media network, it has become one of the largest platforms for advertising NFTs. Additionally, the immense influencer presence makes it easy to find worthwhile projects here. Many celebrities have already grown to appreciate the benefits of NFTs and are ready to share their opinion. What is more, essential updates, release schedules, and roadmaps often get preemptively posted on Twitter.
4. Nansen
Nansen is an AI-enabled dedicated blockchain analytics app for Ethereum that facilitates finding new investment opportunities and interesting projects. It also allows setting notifications to protect one’s portfolio positions.
In addition, the platform tracks activity from various wallets, including those owned by whales, and forms user recommendations based on this information.
5. Discord
When creating an NFT collection, developers aim to expand the community as much as possible by sparking discussions regarding their project.
Discord is an app that helps build highly active communities. Better engagement makes the project more likely to hit it big during sales.
6. OpenSea
OpenSea is the largest NFT marketplace. Every day sees a considerable number of different collections being published here. The service has a ranking system to help users find the most popular and successful projects, which makes it highly reliable when selecting NFTs.
7. NFT Calendar websites
NFT Calendar is a recent innovation, which so far has little competition. By collecting data on upcoming NFT releases, the service allows you to keep track of projects getting ready for release. It promotes NFTs hosted on multiple blockchains such as WAX, Solana, Ethereum, etc.
8. Rarity.Tools
For many, the main criterion for choosing NFTs is their uniqueness. Unfortunately, there are quite a few rather similar projects, which only serves to dampen their value. Rarity.tools will help to prove that your product is one-of-a-kind and worthy of attention.
The service makes analyzing individual tokens from the same collection as easy as possible. Use it to check the new projects’ rarity and assess their potential profitability.
9. RyzenNFT
This particular Google Chrome extension includes unique tools for early detection of future projects based on Ethereum and Solana with direct links to websites dedicated to them.
In addition, it provides a complete package of NFT analytics for finding great projects in pre-launch development stages.
10. Icy.Tools
Icy.Tools analyze NFT collections and compile lists that highlight the hottest collections, the latest market patterns, and NFT metrics such as low prices, trading volumes, and transaction history. The platform enables you to evaluate various projects faster and focus on the most promising candidates.
What should you pay attention to when selecting collections?
Choosing NFTs for investment is always difficult. However, there are a few tips that will prove useful:
- Use various tools for NFT analysis;
- Read live reviews;
- Turn on the flair;
- Consult with other crypto enthusiasts.
It is worth remembering that NFT is an art form, so one also needs to reflect on how much they like a particular product as a potential consumer.