Looking for ways to find NFT projects ahead of minting in 2022? Our quick guide How to Find NFT Projects Early will help you maximize your return on NFT investments!!
Wondering how some NFT fans are making staggering profits with token flipping? Is it sheer luck or her uncanny ability to spot great NFT projects before others? While luck counts, the massive profits made by early adopters of successful projects like Cryptopunks, Bored Apes, etc. are a testament to the timely identification of good projects to generate supernatural gains.
However, the thriving token art space has made it increasingly challenging to spot attractive NFT projects early on. In addition, investing in bad projects can result in insurmountable losses. So we’ve listed a few ways to track profitable projects before they go public.
Ten ways to discover profitable NFT projects in early 2022
1) NFT project research – find minting projects early.
A detailed NFT project research helps to identify excellent NFT projects before their official coining phase. The best place to start your early study is the project’s official website. The location of a potentially profitable project would cover:
- Description, backstory, vision, mission, creator, artist and roadmap of the project.
- community tools.
- Token Distribution System.
- Benefits for Members.
- Access rights to collection galleries, members-only virtual rooms, etc.
- provenance records.
- project conditions.
- Privacy Policy
- Governance and voting framework
- Links to the project’s social media handles and the underlying smart contracts.
- Important announcements regarding technical upgrades, derivative works, marketplace listings, pre-sales, auctions, etc.
2) Roadmap analysis of the NFT project
A solid roadmap with long-term action plans is at the heart of every successful project. In addition, a well-crafted roadmap will boost investor confidence and increase demand for the NFT series. Also, top projects continuously introduce new features, related collections, technology migrations, etc. to encourage community growth and sustainability. Therefore, studying project roadmaps helps to identify potential NFT projects early on.
Typically, a project roadmap includes:
- NFT Drop Information – Drop Date, Time, and Mint Price
- Upcoming Events
- NFT rarity levels
- Merch Releases
- DAO information.
- Exclusive benefits and rewards
- Free giveaways/airdrops.
- Add-on, companion or hybrid NFT launches.
- Utility token for yield farming.
- NFT showcase.
- Metaverse and NFT gaming compatible 3D models, in-game utilities, etc.(2) (3).
3) Twitter: Best platform to follow and shortlist early NFT projects!
Twitter is the go-to place to find all about a new NFT early/early stage project. As it is the most sought-after platform for social networking and digital advertising, many NFT projects and web artists are promoting their creations and collections on Twitter. Typically, the larger the following of the creators of a project, the greater the credibility and perceived value of the project. Consequently, a project’s follower base increases, further increasing its value.
In addition, Twitter allows the sharing of external links. Therefore, most NFT projects’ Twitter profiles contain links to their websites, Discord servers, Medium blogs, and other social media pages. Important updates, drop schedules, and roadmaps will also be posted on Twitter.
4) Nansen: AI-enabled blockchain analytics app for early identification of fantastic NFT projects
Nansen is an AI-enabled blockchain analytics application for Ethereum. It augments on-chain metrics with easy-to-remember wallet labels. Nansen helps users find new investment avenues, conduct due diligence and set up personalized alerts to protect their portfolio positions.
In addition, Nansen tracks the on-chain behavior, activity, and transactions of notable wallets in minute detail. Analyzing whale wallet movements will help you spot fantastic NFT projects early. Typically, the higher the diversion of celebrity funds into a particular project, the higher the project’s estimated profitability (5).
The success of an NFT project corresponds to the power of its community. The larger the community, the greater the community strength. Therefore, a thriving community is a telltale sign of a great NFT project.
Discord is the highest ranked invite-only community building app. As such, many NFT projects have Discord accounts to encourage community participation and growth. The higher a project’s community engagement on Discord, the greater its profit potential and trustworthiness. Additionally, early project-related information such as drops, whitelisted wallets, developer updates, etc. are shared on Discord.
6) OpenSea: NFT marketplace to find new NFT projects
OpenSea – the largest NFT trading hub, ranks projects on Ethereum, Klaytn and Polygon based on trading volume. It also shows each project’s reserve price, the number of unique owners, and the total number of items in the collection.
Similarly, the OpenSea activity tab shows live sales of individual NFTs, with the most recent sale at the top. Monitor the sales activity of a specific project by selecting the appropriate filter to view the resale frequency and last sale price of individual tokens in the series. Usually, high-profile projects have ascending all-time average price and sales charts.
7) NFT calendar websites online
As a pioneer in publishing marketplace-related drop calendars featuring the latest, past, ongoing, and upcoming NFT releases, NFT Calendar is a top site to find exciting NFT projects early on. It promotes NFTs hosted on multiple blockchains such as WAX, Solana, Ethereum, etc.
In general, NFT drops with a verified badge come from brand artist stables and are considered more reliable than unverified drops. Hence, higher demand and the buildup of verified projects are driving up their perceived ratings. Subscribe to the NFT Calendar email newsletter for early lucrative NFT collections.
8) Rarity. Tools: Great tool for assessing NFT rarity for new projects.
The rarity of an NFT is the most important determinant of its market price. The higher the rarity of a generative art token or collectible, the greater its resale value and resulting profit potential.
Rarity.tools is a first class tool for calculating the rarity value of a given NFT. It ranks each collection in descending order of rarity, meaning the NFT with the highest rarity is ranked #1, and so on.
Rarity.tools adds trait related rarity values to calculate the aggregate rarity value of an NFT. Additionally, it facilitates relative analysis of individual tokens belonging to the same collection. Check out the rarities of “just arrived” projects on rarity.tools to gauge their future earning potential.
9) RyzenNFT: Find early Solana and Ethereum based projects.
RyzenNFT is a Google Chrome extension that includes unique tools for early discovery of upcoming projects based on Ethereum and Solana. It links you directly to drop detector websites with a time countdown.
Additionally, RyzenNFT’s gas rate prediction and preset features help set a peak gas price and identify amazing NFT projects. Normally, the bigger the NFT drop, the bigger the gas wars will be. The contract sniper functionality helps identify undervalued NFTs and buy them quickly during live minting, while the built-in rarity sniffer allows you to calculate NFT rarities and rankings directly on OpenSea. Thus, RyzenNFT is a complete NFT analytics package to find great NFT projects in the pre-launch phase.
10) Icy.Tools: NFT tracking and analysis role for finding early NFT minting projects
Icy. tools is an NFT tracking and analysis tool that allows you to identify valuable NFT projects at an early stage. It shows real-time coins, hottest collections, market patterns and NFT metrics like reserve prices, traded volumes and transaction history.
Also, users can time their entries and exits by analyzing whale wallet activity, sales trends, price charts, token rarity, on-chain data, curated feeds, and custom notifications. In addition, the development team is constantly creating innovative NFT Alpha toolkits to enrich data feeds, token analysis and NFT market watchlists (11).
What is the best strategy to identify high-profile NFT projects early on?
No single strategy helps to uncover high-ROI NFT projects early. Analysis of the project’s website, Twitter and Discord is essential. But you must also explore the other techniques before making NFT investments. However, Nansen and Icy. Tool requires users to pay a small fee to unlock its premium features. RyzenNFT is expensive and sold as an NFT, but you can benefit by reselling it. Other platforms for evaluating early NFT projects are Instagram, Youtube, Reddit and Telegram.
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.