Read on Twitter
(1) Identifying the best NFT projects.
Some of the things you should look out for
A THREAD
Some of the things you should look out for
A THREAD
(2) I ask myself many of these questions and seek for an answer before investing in a project:
Who created this project?
When was it created?
Who has bought from this project?
Where did it come from?
Who created this project?
When was it created?
Who has bought from this project?
Where did it come from?
(3) You should always keep one thing in mind. The NFT space is now in the stage of mainstream coverage with massive influencers looking into it now — meaning we will see a rise in projects.
A large influx of people results in the legit projects being hidden by many others.
A large influx of people results in the legit projects being hidden by many others.
(4) Do I know the creator?
If I do, this is already a bonus. A project selling out can be due to the person who runs it entirely. If people trust the creator, they may also trust the vision of their projects. Helps to know a legit person running a project.
If I do, this is already a bonus. A project selling out can be due to the person who runs it entirely. If people trust the creator, they may also trust the vision of their projects. Helps to know a legit person running a project.
(5) When was it created?
You have to understand the market before getting into it or risk falling into the trap of being dumped on. These questions result in you thinking long-term for the project. Know what you are investing in, but the timing of your entry is also crucial.
You have to understand the market before getting into it or risk falling into the trap of being dumped on. These questions result in you thinking long-term for the project. Know what you are investing in, but the timing of your entry is also crucial.
(6) Who has bought from this project?
Do you know them personally, or have you heard of them? Answering this will enable you to avoid complications of buying something with no value. This heavily ties in with the second point where you don’t want to get dumped on.
Do you know them personally, or have you heard of them? Answering this will enable you to avoid complications of buying something with no value. This heavily ties in with the second point where you don’t want to get dumped on.
(7) Where did this project originate from?
I hope you understand to find a legit product/service; you should always do your research as this is the main factor to avoid falling into a “rug-pull”. Many of the points listed above also link together to “understanding the creator”.
I hope you understand to find a legit product/service; you should always do your research as this is the main factor to avoid falling into a “rug-pull”. Many of the points listed above also link together to “understanding the creator”.
(8) Here is a graph that I currently agree projects are going through right now, by @DCLBlogger -- drop him a follow.
Look at the project’s roadmap and what they plan to achieve. Is it possible? and are they striving to do it?
Look at the project’s roadmap and what they plan to achieve. Is it possible? and are they striving to do it?
(9) Case study: Hashmasks 
@TheHashmasks
Currently one of the biggest projects. This project is also a personal favourite of mine, primarily due to the easter-eggs; remember this:
“You will inevitably miss projects. You can’t be in every project.”
@TheHashmasks Currently one of the biggest projects. This project is also a personal favourite of mine, primarily due to the easter-eggs; remember this:
“You will inevitably miss projects. You can’t be in every project.”
(10) People will feel like they are missing out on the primary market, so it’s better to buy it now instead of purchasing it from the secondary market later at a hiked price. They don’t want to miss out, especially when they notice the community talking about it relentlessly.
(11) Your Hashmask was unknown to you for some time & you received $NCT tokens to change the name if you purchased a Hashmask. People made over x10 if they bought in at Phase 1 when selling their $NCT tokens!
They also could have got rare attributes and sniped some rare names.
They also could have got rare attributes and sniped some rare names.
(12) Where do I find these projects?
There is no proven method or guidebook you can use to find all the best NFT projects and this will forever be a difficult thing to do. Every recommendation is bound to be biased in some sort of way so If you fail to diversify your sources...
There is no proven method or guidebook you can use to find all the best NFT projects and this will forever be a difficult thing to do. Every recommendation is bound to be biased in some sort of way so If you fail to diversify your sources...
(13) ...of information, it may lead you away from certain projects just due to your lack of exposure.
Take your own path. Discover the projects and then research to find a long-term project.
Take your own path. Discover the projects and then research to find a long-term project.
(14) All the information in this thread was explained to detail in this full article, make sure to sign-up to the newspaper for more 
https://www.loop-news.com/p/identifying-the-best-nft-projects
https://www.loop-news.com/p/identifying-the-best-nft-projects
