Pulling the trigger to finally make a purchase on the NFT you have been eyeing for a while can be a scary decision. With this NFT purchase, you are now investing $$ into the projects foundation in hopes that they increase your investment value. What factors do you take into account before you invest?
NFT Team & NFT Socials:
Every time I join a server that looks promising I check the following;
Now that you have done the barebones, time to dig deeper
Twitter Mentions When searching up latest tweets mentioning the project, things to look out for are:
Utilities & Additional Incentives to buy-in
Questions to ask yourself: How much of their roadmap have they completed? Has there been any complications with past work on the roadmap? If so, how did they make it right to holders?
Roadmap: Through the roadmap, find selling points that would incline you to buy in prior to the roadmap implementation. Unique features that reward holders and/or other projects. Always ask the Estimated Time of Arrival on this certain roadmap point and strategize a buy-in before its released, once marketing is rallied up to showcase the new key point, make the decision to sell or HODL based on community interaction
Community Engagement: Joining the server and seeing how people interact with one-another. Monitoring the team activity as well as Community Management catered to holders, hosting games and etc. Take into account how you are greeted once you join & scroll up to read past chats in general as well.
Art design: This is something I personally overlook as I focus more on utility > art. But, when looking at the art, take into consideration the design: is it PFPable? Does it pop out compared to other collections? See how other people view the art!