A sensible information to slicing via the hype and discovering actual worth on this planet of digital collectibles.
Keep in mind that NFT mission from a couple of months in the past? The one with the insane hype, the celeb endorsements, and a Discord server that was buzzing 24/7? Go examine its flooring value now. Likelihood is, it’s a ghost city, with the value down 95% and the neighborhood lengthy gone.
This story is the unlucky actuality for the overwhelming majority of NFT initiatives. For each Bored Ape or CryptoPunk, there are literally thousands of initiatives that quietly fade into obscurity, leaving traders with nothing however a nugatory JPEG and a tough lesson realized.
However this doesn’t imply all NFTs are a nasty funding. It simply means you want a framework to separate the promising ventures from the blatant money grabs. So, let’s break down the frequent pitfalls of failed initiatives and construct a easy guidelines you should use to search out those with actual potential.
Earlier than we will discover the winners, we have to perceive why most initiatives lose. Failed NFT initiatives nearly all the time share the identical deadly flaws. When you be taught to identify them, they…
