Value comes in many forms. Depending on your own worldview, it may be easier to overvalue or disproportionately undervalue something. Still, value represents an immeasurable entanglement of variables that are fundamentally always subjective.
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In addition to subjective emotions, from what directions can we judge an NFT project?
1) Utility
In just a few years, NFT has developed from 8-bit pixel images and pinball-style blockchain games to high-fidelity 3D animations and complex"P2E"picture
The core users of NFT are increasingly able to see through lies and scams, which means that for most projects, the total amount of Mint will decrease. Therefore, it is easy for us to see a decline in the total amount of NFT Mint, but the reality is that a large number of replacements are needed in the NFT circle to eliminate those projects that are not serious about doing things and more effectively motivate real creators in this field.
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In simple terms, it can be divided into the following types:
Application support, GameFi, P2E, Metaverse, etc., where the NFT purchased by users can have practical uses, similar to equipment, props, etc.
Physical (equity) support, for example: if you buy an NFT of a certain artwork, you have the right to view the artwork in kind and even obtain the physical artwork (more like a certificate).
Pass, Pass is more like putting the membership card on the chain and making it in the form of NFT. It doesn't sound very "tall", but it is very practical, whether it is from resale, function embedding, etc., Pass has the convenience that traditional membership cards do not have.
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2) Community
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The community of a project can be judged from the following points:
Are you active? Be able to communicate and communicate regularly on mainstream platforms. Keep in mind that new and small communities may not be very active at first or even throughout their run, while larger communities are much more active.
Is it real? Authentic conversations are rare in Discord. Some projects have event contests where project members just spam over and over to improve their rankings and try to get whitelisted. This will put some people off.
Does it create a sense of ambiance? The community atmosphere goes a long way. This vibe can be seen in the tone and energy of your speech. Whatever the vibe, whether it's cold and quiet, loud and boisterous, or fraternal, make sure it's something you're interested in and want to engage with long-term.
How many Twitter followers are there? Twitter provides a high-quality platform for NFT. The more fans you have, the more exposure you get. New projects may have a limited number of followers, but are they growing regularly? Are they all real fans?
How many Discord members are there? Discord servers are great for driving discussion about projects and facilitating conversations between community members on matters of interest. Smaller servers may seem quieter, since members are spread all over the world, making it difficult to maintain a real-time conversation. You also expect it to provide you with the latest news and information. Discord members may be low for new projects, but is it growing regularly?
Is it large enough? A sizable community is key to both holding and changing hands. Ideally, investors are looking for a community that can support ~2 NFTs per member. Therefore, for a total of 10,000 NFTs, its Discord should have at least 5,000 members.
Are you able to answer questions from group members in a timely manner? You can find answers to many of the topics and questions raised in this article from the community and team. If you don't get any answers, try digging into why. Some projects wish to hide certain details for later disclosure. However, if not only do you not get any responses, but there is no indication that the team will even respond to questions, then that is probably a bad sign.
3) Team
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Moonbirds founder Kevin Rose is the top VC in the traditional world
May wish to judge, this team:
Is it public? Can you find team members on Twitter, LinkedIn, the project website, or other social media? It’s reassuring to know that teams aren’t just being built by anonymous people, because it’s often hard for people willing to share their real lives to hide themselves when things take a turn for the worse.
Are you active? If they get involved in the community, answer questions, guide people to answer questions, or engage with other community members, it shows that they want to be a part of something and that they value their community and are willing to invest time in it.
Do you have experience? In a new field, it helps a lot to have experience, because experienced people tend to have a clearer sense of where to go, or at least know what not to do. In addition, experienced engineers, artists, project managers, marketers, community managers, and other key players can bring a lot of experience to the project itself. These experiences can deepen people's trust in the project to a certain extent. The more experienced people on the team, the more likely the project will be successful.
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4) Price and Liquidity
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We look at it from two perspectives:
Collectible NFT. Such as avatars and artworks are generally considered to be less liquid. If the owner of these items finds a suitable buyer, they can trade them at current market value. However, if you want to sell as soon as possible, you may have to sell at a reduced price, which obviously reduces the liquidity and price judgment of such assets. However, liquidity will be re-evaluated when demand for an item suddenly increases (for example, enthusiasm for a Collection increases).
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Data source: nftgo.io
If an item does not have a certain degree of liquidity, even if it has a sky-high price, it will only have a price and no market, and it will become a "collection" with only collection attributes.
5) Value Drivers / Equity
Whether NFT is value-driven is also the key.
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Azuki releases airdrops to bring huge gains to the project
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For any project party that wants to make the NFT created by itself bigger and stronger, the design of holders' rights and interests is always at the head.
6) Aesthetics/ Artistry
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Data source: nftgo.io
When judging an item, you can look at the image of the NFT itself:
Is it eye-catching? A good project will have unique artistry, and the design is clearly distinguished in details, and each individual NFT has distinguishable elements. Artistic projects can always stand out among many projects.
Is it unique? Unique projects are composed entirely of different individuals. In the collection, each NFT looks different from the others. Often, people prefer to own unique NFTs that appeal to different types of investors.
Is it within the threshold of "beauty"? This is closely related to the development of "trends" in the industry, because the current popular style will affect whether the item is popular, but the trend is often only temporary, so the popular collection is likely to become obsolete in the future. Although the project team's performance is the most critical influence on the project, projects with "beauty" elements tend to be more durable.
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7) Roadmap
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Ask yourself, this roadmap:
Is it authentic? If the content sounds too good to be true, it probably is. Typically, completing a roadmap requires a large team of developers, designers, project members, and more. If the team size is not this large, they are less likely to achieve the plan of the roadmap.
Is it talking in general terms or with something in it? A detailed roadmap is not only inspiring, but also provides insight to those who care about the future of the project. A roadmap also helps the community understand what milestones they can expect.
Is there a specific time plan? You want to find business details or specific deadlines like Q1, early January or November 27th, etc. These dates or timelines provide more detail to the roadmap, giving members more confidence and reducing confusion and ambiguity.
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8) Vision
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NFT Labs provides relevant information only and does not constitute any investment advice.
NFT Labs provides relevant information only and does not constitute any investment advice.
Twitter：@LabsNft
