How to Save Time When Researching NFTs | The NiFTy Chicks
The N.I.F.T.Y.Chicks Process for Researching NFT Projects
In this episode, we have Kate who calls in to find out how to save time when looking at new projects to invest in. We’ve created a super simple resource for you to consider before investing your hard-earned dollars. You will want to be sure to grab the resources & downloads from this episode below.
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Kate’s Main Q’s
- Researching NFTs – how can I save time & still know which projects to invest in?
- What is the general time frame for researching projects?
As the popularity of non-fungible tokens (NFTs) continues to soar, the number of NFT projects available in the market has grown rapidly. With so many options to choose from, it can be overwhelming for NFT investors to navigate the market and make informed decisions about which projects to invest in.
To help our community stay informed and make better investment decisions, we have created a NIFTY Chick Research Checklist for researching NFT projects. This comprehensive checklist covers key areas that investors should consider before investing in any NFT project.
From the project's team and their experience to the underlying technology, community engagement, and market demand, this checklist will help investors gain a deeper understanding of NFT projects and make informed investment decisions.
We believe that this checklist will be a valuable resource for our community of Nifty Chicks subscribers as they navigate the ever-evolving world of NFT investments. We encourage all our subscribers to use this checklist as a starting point for conducting their own research and due diligence on any NFT project they are considering investing in.
Grab the N.I.F.T.Y. Checklist downloadable spreadsheet to help you evaluate your potential next NFT project investment.
You can get it here! Simply sign-up for our monthly-ish newsletter & you will be given access to the handy checklist.
TIMESTAMPS:
- 4:00 N – Network and Infrastructure: Evaluate the underlying blockchain platform and infrastructure of the project, including its security and scalability.
- 9:10 I – Investment Potential and Token Economics: Assess the project's investment potential and its token economics, including the total supply, distribution method, and any potential inflationary mechanisms that could impact the value of the NFTs.
- 11:30 F – Features and Functionality: Research the project's key features and functionalities, such as the smart contract functionality, and any other key features that set it apart from other NFT projects.
- 13:10 T – Team and Advisors: Research the background and experience of the project's development team and any notable advisors to assess their capability and potential impact on the success of the project
- 14:30 Y – Your Market Demand and Adoption Trends: Evaluate the level of interest and engagement within the project's community and explore how the NFTs are being used and adopted by individuals and organizations. This includes researching the market demand for NFTs and the project's specific niche to gauge the potential for growth and adoption.
- 16:00 GENxNFTs mention
- 16:35 Quick Recap N.I.F.T.Y.
- 17:00 Time spent researching – you can keep it short, but really it all depends on your risk tolerance.
Invest in yourself, You are worth it.
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