Another way to gauge potential value of an NFT is to take a look at the project roadmap. Get an idea of what the team’s plans and intentions are, and most importantly, what value it can bring for you in the future. Dapper Labs is the Web3 studio company responsible for launching NBA TopShot, NFL All Day, UFC Strike, and CryptoKitties.
Ultimately, cryptocurrency worth investing in should provide some sort of value or aim to solve a problem that the creator of the currency has deemed an issue. ETH, for example, exists as a reward for verifying blocks and transactions on the Ethereum blockchain. ETH is a great example of a cryptocurrency with a purpose considering that Ethereum is the most used blockchain for trading NFTs.
Use NFT Analysis Tools
BFF is a community of women and non-binary friends who are working together to help others learn about crypto, NFTs, and Web3. The project’s “founding BFFs” include Mila Kunis, Tyra Banks, and Gwyneth Paltrow, to name a few. With the mission of empowering minority voices in Web3, BFF has no lack of star power and connections which they plan to leverage to provide holders with perks.
Tracking whale movements can be slow and time-consuming, but tools like NFT Floor Alerts, and NFT Go can help you track NFT whale activity. Azuki’s mindmap is a roadmap of sorts with a page dedicated to categories that include the metaverse, the physical world, and the bridge. Want to delve more into supply, demand, and rarity in NFTs compared to traditional art?
- But keep in mind that it’s easy for any project to draw a roadmap and make promises.
- SuperRare is another good choice in terms of exclusive crypto art marketplaces.
- Even if you purchase all the 10,000 pieces, you won’t own the physical panting.
- Let’s break the research down into two separate categories starting with NFTs.
- This is making it really difficult for investors to find the right non-fungible asset to invest in.
You can sort all the NFTs based on their collections, average price, and even volume in ETH on Rarity.tools. When you visit the website, you will see a unique page for every NFT collection. You can even go through the detailed attributes of every particular NFT in any collection. It’s a platform of easy-to-use NFT tools with just one Oxalus ID, you have complete access to the NFT tools, NFT games gateway, an NFT wallet, and a game tracker. The artwork might be compelling enough, but it’s even better when you know that you can do something or get something more with an NFT. And you can’t always easily tell from a project website or Twitter what benefits you can actually get today, versus what they’re promising will be available in the future.
How big or active is the community?
You’ll also want to look out for shady activities such as fake engagement or a lack of responsiveness from the team. Are you always missing hot NFT mints and having to buy on the secondary market at premium prices? In this guide, we cover the essential NFT research tips to help you stay ahead of the game. Here are 7 tips to help you decide what are great NFT projects to get into early. Justin lends a unique voice to the NFT and blockchain space with a passion for its relevance today and in the future.
The ranking system of NFTs on Moby can be handy for finding the top contracts and choosing the right ones to invest in. The only downside here is that you can’t access every feature for free, and you need to get a subscription for better tracking. Oxalus is an NFT analytics platform, where you can find promising Upcoming NFT projects, free minting NFTs, and even hidden-gem NFTs from multi-chain. Now, let us look through some of the best tools to track the hottest and trending NFTs and make some profits. One of the best ways to start with NFT research is to go through the information available on Twitter, Discord, and YouTube. These are the places where a majority of NFT enthusiasts spend their time.
Level Up Your NFT Game
Upcoming NFT can even help you out with promotions of your NFT projects. Even before your project is launched, you can be in the spotlight to bag better deals after launching through promotions. You can also gain insights and real-time data for all the upcoming NFT events on this platform. If you get a premium subscription, you can get access to detailed pages of information for every NFT collection. On top of that, you can also get NFT project breakdowns based on their rarities and attributes. As OpenSea is the largest NFT marketplace, it becomes easy to keep track of the NFTs listed on the platform.
This will make it easy for you to gain visibility and get a buyer for your digital artwork. The live feed tool from Upcoming NFT helps the investors explore the trending NFTs that are being minted on the blockchain and get more insights into them in real-time. For a long time, DappRadar has been functioning as a go-to site for monitoring the sales data of NFT collections. They also came up with a portfolio tracker in 2020 for offering the users a simple way of monitoring Ethereum wallets in real-time.
As a result, you’ll have a leg up on other investors through in-depth market analysis. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. It’s also important to evaluate the NFT’s utility, such as whether it can be used as an in-game asset, exclusive membership to certain platforms or communities, or upcoming airdrops for NFT holders. NFT projects usually present a roadmap with detailed information about their features, upgrades, and development plans.
NFTs are a relatively new market within the crypto industry, and there’s a reason for the hype. Bored Apes, Crypto Kitties, and Crypto Punks are scratching the surface of what the NFT industry has to offer. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. You could also observe the larger market trends by seeing what type of NFT is performing well in the current market.
Moby is not very popular, but it is definitely an effective NFT tracking tool. Moby can turn out to be really useful for NFT investors and also help them in monitoring their assets. They can act upon their investments and make decisions faster because of shorter window periods of 10 minutes, 60 minutes, 24 hours, and a few more. If you’ve narrowed down the list of NFT collections you’re interested in, you may be trying to decide on specific collection items you want to buy. Examining both the traits and rarity of specific items, and the relationship between the supply and demand of the collection can help you evaluate and compare the potential value of the NFTs. Of course, rarity and scarcity is only one of many factors that can affect the value or perceived value of an NFT.
You may see the number of items in a collection listed as “token supply” or “max token supply”. Some projects start with a fixed supply, meaning there are a set number of items. Others may continue adding (or minting) to the collection, which will increase the supply or number of items in the collection over time.
I’m not a financial adviser and do not have control over the future of the markets or the projects. As with any new venture and market, there is a risk it may not work out. Avoid falling victim to fear of missing out, better known as FOMO in the crypto community. FOMO can be brought on by a number of things such as hype induced by influencers and groups of people, limited quantities, and pumping floor prices. NFT Evening has a calendar to keep you updated with upcoming drops and NFTs.
They come with their unique identification codes and metadata, data that describes other data. For example, author, date created and modified, and file size represent basic document file metadata. Technologies connecting the physical and digital worlds are altering human evolution and changing the world we live in. The authors of Wagmi.tips are not responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained here. Many times you will make bad choices but somethings all it takes is a few good calls to change the game for you. As the saying goes, “DYOR” (Do-your-own-research) is the best strategy when evaluating any given project.
Usually, an artist that has a strong fanbase, a renowned reputation, or a history of selling art is more likely to succeed in the NFT world. You could even check the artist’s portfolio and see if they have other exciting work and whether it’s consistent with their style. Another example of a cryptocurrency that serves a purpose is MANA—a token on the Ethereum blockchain that powers the virtual world of Decentrland. MANA is the native token of Decentrland, allowing users to buy and sell land and other digital assets within the Decentraland economy. Upcoming NFT is another valuable platform for never missing out on the upcoming NFT drops. If there are any upcoming NFT projects, events, drops, auctions, or giveaways, then you can get an idea about them through this platform.