How to Find New NFT Projects Early
Wondering how to find new NFT projects you can invest in?
Most popular NFT collections rely on hype, so getting in early is the only way to get the best deal. However, investing early means that you are taking considerable risks. So, if the project goes bust, you will be left holding the bag.
Most NFT scams are usually quite elaborate and may be challenging to identify. Therefore, you should understand how to source for new projects and avoid scams.
If you invest right, you will get tremendous gains on your investment. This article will give you key points on how to find new NFT projects and avoid scams.
How to find new NFT projects
In this section, we cover the best way to find new NFT projects from credible sources.
Scout Twitter feeds
Twitter is one of the best places to get information on all things crypto, NFTs included. When used right, you can get the inside line on emerging projects before they reach mass adoption. By the time of mass adoption, the token value will have doubled, and you've made your gains.
However, scouring Twitter can be challenging, especially if you are not an active platform user. Try to learn how to identify trends and crypto influencers.
First, find an NFT community. You can do this by following known crypto figures and established NFT brands. Within the community, you will get access to the latest news and announcements on established and up-and-coming NFT projects - some of which also host Twitter space and live Q&A sessions.
We recommend that you follow @monineversleeps for reliable news and updates.
A word of caution: Just as you find great projects on Twitter, you can also stumble on scams masquerading as free giveaways. Ensure you do your due diligence before investing in any new NFT project.
Join Discord servers
Discord servers are like chat rooms for nerds. They are a great source of information and a great meeting place. If you want to connect directly with NFT community leaders and get updates on upcoming collections, you need to join the right communities.
Some NFT communities also invite you to provide discord servers when you invest in their collections. You can get the inside scope on upcoming NFT launches within these invite-only servers.
The best thing is that Twitter and Discord work well together when it comes to finding new NFT projects. Crypto influencers can direct you to great Discord communities based on their niches. In turn, you can find great Twitter profiles from the Discord channels.
A side note: Just as we warned about scams on Twitter, there are also scammers on Discord. Some of them create usernames that are identical to those of verified community members. So remember to verify twice before engaging in a conversation with another outside an authorized discord server.
OpenSea is one of the biggest platforms for minting and selling non-fungible tokens. It provides a user-friendly platform for beginners and experts to create NFT within minutes. It even offers a mobile app to browse its hidden collection of NFTs on the go.
OpeanSea is the launchpad for many of the most significant NFT projects, including CryptoPunks, Bored Ape Yacht, and Doodles. So if you are seeking a platform to get NFTs before they hit their all-time high (ATH), consider getting an account on OpenSea.
Plus, you can access multiple NFTs from multiple blockchains. In addition, the platform allows you to bid for NFTs, track the price of each one and analyze the market trends.
NFT news and resources
While social media and communities are great for finding new collections, you need expert insights to be well-rounded. This area is where news aggregators and blockchain learning resources become essential.
News aggregators will help you stay updated on the latest news and trends in the crypto space. These include news on up-and-coming projects, updates on existing projects, and analysis of some of the significant events happening in the crypto space.
Blockchain learning resources might not directly help you find new projects. However, they provide background knowledge that helps you understand the tokenomics of new collections. That way, you can tell the good ones from the wrong investments. Many blockchains and wallets offer free academies and tutorials to brush up on your knowledge and insight into crypto.
Do your own research (DYOR)
It is essential to filter NFT projects to get credible projects from the scam projects. Many NFT analytics tools can help you better evaluate the NFT and determine if it is a good project. Some of these tools are:
• Upcoming NFT: This website tool shows you the presale, mint date, price, and community strength of NFTs. Focus on the closed or yet-to-be-announced collections to find great projects before they go live.
• NFT Watcher: This is a great tool that notifies you of new drops. Check through the 'newly listed drops' section for rare gems.
• Rarity Sniper: Rarity Sniper is an excellent tool for anyone who wants to get rare collections before they go mainstream.
• NFT Calendar: This popular tool gives you timely information on NFTs in a simple interface. It shows real-time tracking of how many NFTs are minted by the day or on a blockchain.
• Oxalis: This tool is like NFT Calendar but for gamers.
Finding NFT projects is like going on a treasure hunt. With the right tools and information, you can find a rare gem that will blow up your investment portfolio.
Author: Tolu Ajetunmobi
Tolu is a blockchain/crypto writer with over 2 years writing in the crypto space and 5 years of content writing experience. She writes high-quality technical, SEO, and blog articles that explain complex blockchain concepts in a simple and engaging way.