Saturday, May 31, 2025
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Distinguishing Good NFT Projects From The Meh

by firstcryptonews
August 15, 2022
in Press Release
Distinguishing Good NFT Projects From The Meh

With the world becoming increasingly digital, we’ve also seen a surge in the demand for NFTs that people can use virtually as their PFPs, investment pieces, or simply for bragging rights. However, with this high demand, many creators and companies have hopped on the bandwagon too, resulting in more NFT collections being released over the last two years, and more launches promised to come. In fact, the supply has increased so much that many are now measuring NFTs by their utility: whether they give holders more earning opportunity, and any other tangible or non-tangible benefits.

In this season where many NFT collections will be launching soon, investors should be aware of what makes a good NFT collection to maximize their investment – to identify the most promising ones.

You’ll get NFTs at the best price when they’re newly minted, as they will increase in value over time. Hence, it’s a good idea to stay updated on the newest NFT collections and do your research on the specific collections before deciding to invest in it. Here, we’ll discuss the NFT projects worth your time, that are more than just a piece of art.

Check out the collections’ social channels

This is the easiest way to find out everything you need to know about the project, as you are likely to get the first dibs on all things relating to the project. Most NFT projects are active on Twitter and Discord, where they engage the community through meaningful discussion about the collection or provide updates about what’s next for the project. Some NFT projects are also active on Instagram simply because images work on an image-based platform. Explore the NFT’s social channels for a clearer understanding on the team behind the project and what the collection has been up to before you make your decision!

Community

For most blockchain-based projects, the community is arguably one of the most important factors. The value is dependent on the demand for the NFT; the collection has to be able to draw in new believers and retain their current holders through giving them a reason to join or stay, which brings us to…

Utility

This is the big word in NFT collections this season. Do the NFTs put you in special clubs that you can benefit from, where you’re privy to special information? Will you be invited to special events as a holder? Can you earn off being a holder in ways apart from just holding the NFT to sell? There are so many ways an NFT can almost function as a key to its holders, but not all NFTs can claim this. An NFT with a strong use case also has a strong case for itself.

Actual Art

Often overlooked in many articles, but usually people wouldn’t purchase a piece of art to flaunt if they didn’t find it attractive, cute or cool in some way. While there are some NFTs out there that don’t look special at all and somehow became successful, it’s the NFTs that managed to distinguish themselves that truly made a name for themselves (think BAYC and CryptoPunks, Azuki – I’m sure you can already picture them as you read this).

The top NFT project today is undoubtedly Bored Ape Yacht Club – it’s the first name that comes to mind when talking about successful NFT projects. It does well across all the abovementioned factors, through engaging with its fans on Twitter, having merch that enforces its community and of course having celebrities hold it, giving its holders a sense of exclusivity even through the special Discord channel, and of course having the super distinctive monkeys we all know and love.

An upcoming NFT project to watch out for is FTV Pandas by NFTv, created in collaboration with FashionTV. This consists of 9,999 Panda NFTs that can be the key to unlocking the NFTv SocialFi platform for you. This project does well across the abovementioned factors as well, being active on Twitter, Facebook and Instagram and sharing all about the project, building a strong community via channels such as Discord, exclusive access to clubs, high-end merch and more, and of course distinctive adorable and cool Panda NFTs. In fact, being whitelisted even gives you a chance to attend FashionTV’s anniversary parties which will be held monthly from August to December 2022, with the first one happening on 20 Aug! You can sign up to be whitelisted here.

If you’re looking to invest in current or upcoming NFT projects, the above two are definitely great case examples to consider. All the best in your NFT journey – whether you’re a collector or simply an investor, we’re sure you’ll find what you’re looking for!

Related Posts

MoonLad Launches: A Meme Token with Purpose, Utility, and Community on the Solana Blockchain

MoonLad Launches: A Meme Token with Purpose, Utility, and Community on the Solana Blockchain

by firstcryptonews
May 31, 2025
0

May 24, 2025 — In a world where internet culture and blockchain innovation increasingly overlap, a new digital asset is...

CV5 Capital Announces Standout Performance of Cryptanium Fund I SP, Beating Industry Benchmarks

CV5 Capital Announces Standout Performance of Cryptanium Fund I SP, Beating Industry Benchmarks

by firstcryptonews
May 30, 2025
0

George Town, Grand Cayman – 26 May 2025 – CV5 Capital, is pleased to announce that Cryptanium Fund I SP,...

Connect and the WIN Blockchain Launch the World’s First Social Impact Platform with Learn2Earn Integration

Connect and the WIN Blockchain Launch the World’s First Social Impact Platform with Learn2Earn Integration

by firstcryptonews
May 24, 2025
0

May 23, 2025 – On a live community call with over 500 attendees, Connect, in collaboration with Win Blockchain community...

RENO/USDC Concentrated Liquidity Pool Is Live on Raydium!

RENO/USDC Concentrated Liquidity Pool Is Live on Raydium!

by firstcryptonews
May 22, 2025
0

Toronto, Canada – May 20 2025 – Renovation.Reviews, the community-driven hub where DIYers, contractors and designers share renovation know-how, today...

Crypto Whale Watch: Why Institutions Are Eyeing Alaxio

Crypto Whale Watch: Why Institutions Are Eyeing Alaxio

by firstcryptonews
May 22, 2025
0

London, United Kingdom - In the fast-moving world of cryptocurrency, institutional interest often acts as a precursor to explosive growth....

Alaxio (ALX): The Next Big Thing in Web3 and DeFi?

Alaxio (ALX): The Next Big Thing in Web3 and DeFi?

by firstcryptonews
May 20, 2025
0

With Web3 technologies rapidly reshaping the financial landscape, investors and developers are constantly on the lookout for projects with the...

Next Post
Aumssa presents 13,800 Hamsa NFTs, a Modern Reinterpretation of the Ancient Symbol

Aumssa presents 13,800 Hamsa NFTs, a Modern Reinterpretation of the Ancient Symbol

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

THE NAME THAT YOU SHOULD GET USED TO: METAU

THE NAME THAT YOU SHOULD GET USED TO: METAU

3 years ago
ASIC Profit: Revolutionizing Real-Time Profitability Tracking for ASIC Miners

ASIC Profit: Revolutionizing Real-Time Profitability Tracking for ASIC Miners

6 months ago
Musk’s Doge, Bitcoin Tweets May Spur Double-Digit Returns

Musk’s Doge, Bitcoin Tweets May Spur Double-Digit Returns

4 years ago
SPACEFALCON

Metaverse Gaming Platform Space Falcon Announces strategic partnership with Peech Capital

3 years ago
TiFi Echoes its Existence in Crypto Web Through Strategic Partnerships and More

TiFi Echoes its Existence in Crypto Web Through Strategic Partnerships and More

3 years ago
metahorse

MetaHorse : Rising Star GameFi Project is disrupting NFT Industry.

3 years ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

Atua AI Updates Workflow Logic to Support Expanding Business Demands

Atua AI Updates Workflow Logic to Support Expanding Business Demands

May 16, 2025

Press Release

MoonLad Launches: A Meme Token with Purpose, Utility, and Community on the Solana Blockchain

MoonLad Launches: A Meme Token with Purpose, Utility, and Community on the Solana Blockchain

May 31, 2025

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News