Today, you can earn money without leaving home, and with the help of fast-growing innovations, everything is possible. More and more often we hear about the incredible successes of newly minted traders who are addicted to making huge money with the help of new-fangled crypto trading automation software.

So how do you make money? How to find the very project that will bring a lot of green? Let’s start in order with such a topic as NFT projects, for example, in 2 months NFT Moonbirds has grown from $ 175 to $ 45,000, but how to look for projects that will shoot?

What you should pay attention to when choosing an NFT project:

To begin with, it is important to understand that there is a risk that the owners of the collection will simply take and dump with money, there have been such precedents, and we will figure out how to minimize these risks.

Social networks. We subscribe to the top influencers from the world of NFT and follow them. Also, each NFT project has its own Twitter account, and to check it for cheating, you can use such a service as Twitteraudit.com.

Discord. We look at subscribers and the activity of participants on the server. Usually, if there are a lot of subscribers, the message feed flies at the speed of light.

Project website. Be sure to look at partners, Roadmap, and developers. If the project has some kind of NFT pig avatar instead of a face, this should be a wake-up call for you.

The project should hold contests, interact with the community, make various buns, raise HYPE and warm up interest in your project.
Let’s take a look: we saw the project, look at Twitter and check it for cheating. Next, we look at which of the celebrities or popular and rich “boys” are signed. We check the site, if everything is fine with it, then go to Discord and check it.

Top NFT Collectors:

  • OhhShiny
  • Crypto Baristas
  • Dribblierac.eth
  • J1mmy.eth
  • RealmissNFT
  • Deeze
  • Fifarokh
  • NFT.NYC
  • nounsdao
  • BoredApeYC
  • Dikasso_

Project research

Visit the project’s website, social media profile, and community to learn more about it.

Mission: What is the purpose of the project? Is there a reaction to this objective?

Team: Who is in charge of the project and who are the key contributors? Do you follow what they have to say on Twitter? Do they have the required talents (for example, designer, developer, or community manager) to execute it? Is there any past work by them that might be useful?

Roadmap: Is there a strategy in place to give long-term value to the NFT? Will there be a decrease in utility for NFT owners, for example?

Community: Is the project’s core team active in the community? Are community members inspired by the project’s roadmap and do they contribute to the conversation or are they merely speculating on prices? How many people are actively engaged in the community?

Social sphere: What is the aim of Do NFT collectors discuss the project? What kind of activity will you find if you look for the name of the project on Twitter?

If you’ve previously muted the project, go to its NFT marketplace profile (for example, OpenSea) to look for more signals.

Verification: Has the project been verified? Sometimes scammers create a fake project with the same name.

Owners: How many items are there per owner? 2-3 items per owner (divide the items into owners) is a good sign that the project is not concentrated in the hands of several collectors.

Minimum price: Does the price stay on the floor? If there are a lot of ads for sale, it’s a sign that people are trying to dump the project.

Rarity: Rarity **** This is a sign of how rare and valuable NFT is. Collectors often (but not always) look for the rarest NFTs from the project. Use rarity.tools to search for NFT rarity for Ethereum and Solana NFT respectively.

Conclusion

NFTs are a new and exciting way to collect and invest in digital assets. While they are still very new, their rarity and value make them an interesting option for collectors and investors alike. With more projects creating NFTs, the options for collecting and investing will continue to grow. Ultimately, it is up to the individual to decide if they want to invest in or collect NFTs. However, as with any investment, it is important to do your research and understand the risks involved before making any decisions.