There has been a substantial rise in Non-fungible tokens (NFTs) adoption in 2021. The existence of Metaverse as well as the myriad of hottest NFT projects have offered a compelling use case.
As per blockchain analytics firm Chainalysis Inc., the NFT industry saw the market go up to $44.2 billion in 2021, maintaining a steady rise of 29 percent over last month.
57% of sales came from those looking for forthcoming NFT ventures to be marketed for a profit. There’s no doubt that many of such projects will take a nosedive, as only a few can swim in this current.
So, finding the right NFT project early is pivotal.
If you’re looking to become involved with NFT, our guide to finding the best NFT projects can be an excellent launch pad.
Twitter is by far the most effective tool for spotting NFT ideas early on. The NFT community lives on this platform. It’s possible to identify the most popular influencers and customers in a certain industry by analyzing their social media activity and followings.
Twitter is the place where everyone discusses their favorite and least favorite NFT projects, as well as what they’re keeping, selling, and buying.
One of the most reasonable tactics to find NFT jewels is via the use of accurate analytical data. Nansen makes that power available to anybody who wants it.
Using Opensea data, Nansen builds graphs and statistics that are simple to understand. To put it another way, users can examine what the industry’s most influential bidders are purchasing and keeping.
Alerts are also available so that you are notified if a certain someone buys or mints a new collection. With Nansen, you can also check which NFTs are the most popular for each week.
A project’s road map is an integral aspect of the NFT industry. It ranks among the most important element of a well-executed plan. For every collection, there has to be a road map that lists all the forthcoming events, dates, as well as fresh NFT releases for the Project.
If you want to make long-term investments in digital assets, you’ll need a roadmap containing big long-term events. The unsustainable short-term commitments made in a short-term plan are also a major wake-up call.
Free tokens, perks, airdrops, and other giveaways are all examples of what they offer.
It’s a good idea to check out a project’s social media handles or website to get a clear sense of how they operate, or else you’ll be aiming for hot waters.
4. Rarity Tools
Rarity Tools is a great resource for exploring fresh and underpriced rare mints. Rarity’s calendar is a convenient tool for members to keep track of scheduled events and drops in the community.
With Rarity Tools, you can also see who else is interested in these new initiatives and join them. Some people may mint a lot, while others may just mint a few. This website serves as a launching pad as well as a research tool.
Rarity Tools is a fantastic tool for locating rare collections at a discount. ‘ When a user selects the “Buy Now” option, rare assets will fill the website with the rundown of various non-fungible tokens that are currently available for purchase.
First, choose what interests you and then select a pricing range that works for you and your wallet.
5. Follow The Trail
To guarantee that your judgments are sound or to validate what renders any NFT valuable, you may wanna check out who the top buyers are.
Whenever you visit the NFT marketplace, OpenSea, you’ll notice some of the biggest names in the industry. Then you’ll know what they’re looking for in terms of a legitimate NFT.
It allows you to see things from their perspective. You’ll also know what to look for when you do your own research.
Of course, this isn’t a failsafe strategy to selling or buying NFTs. If you’re looking to purchase or sell NFTs, this isn’t a failsafe strategy. Many sellers put a value on a collection based on how they feel about it, rather than how much it is worth.
Use it to add a price tag to your non-fungible tokens, as well as to view different ones. Find the base price for each by clicking on it.
6. NFT Calender
The NFT Calendar serves as the foundation for all planned NFT projects. Because of the ease with which new NFT drops are uploaded, the site might get too crowded at times.
It’s worth noting that certain someone might be paying for the privilege of having their Project appear at the top of the list.
The NFT calendar is a useful starting point for your research. There are new mints added to the site every day, and did I mention that it is completely free.
The official website offers all of the knowledge that a savvy NFT shopper may want. Also, by going through the project’s website and social handles, you can easily assess their engagement, roadmap, or even watch out for red flags.
Solana is a public blockchain platform that lets you determine the rarity or uniqueness of any single NFT or the whole collection. That being the Bored Ape Yacht Club to CryptoPunks or any other hottest NFT library of your choice.
This is your go-to tool if you’re interested in gauging the rarity of an NFT and, therefore, its value. By using rarity. tools, anybody interested in investing in an NFT may easily predict how scarce and lucrative the NFT is.
Any NFT’s rarity does not ensure its high price, although it is often tied with a high-price bracket. Due to the high demand, everyone is checking the rarity of NFTs to see how much they’re worth.
There are already roughly 300 collections available on the platform, allowing users to begin their NFT quest with solid data as well as avoiding costly blunders.
There is no way to know whether the NFT you purchased will skyrocket. Popularity, going viral, buzz, rarity, and a slew of other factors all play a role in the equation. Some projects sit dormant for years before unexpectedly gaining enormous value.
So, in the end, it all comes down to luck and time!