A sensible information to chopping via the hype and discovering actual worth on the planet of digital collectibles.
Do not forget that NFT mission from a couple of months in the past? The one with the insane hype, the movie star endorsements, and a Discord server that was buzzing 24/7? Go test its ground value now. Likelihood is, it’s a ghost city, with the value down 95% and the group lengthy gone.
This story is the unlucky actuality for the overwhelming majority of NFT tasks. For each Bored Ape or CryptoPunk, there are literally thousands of tasks that quietly fade into obscurity, leaving traders with nothing however a nugatory JPEG and a tough lesson realized.
However this doesn’t imply all NFTs are a nasty funding. It simply means you want a framework to separate the promising ventures from the blatant money grabs. So, let’s break down the widespread pitfalls of failed tasks and construct a easy guidelines you should use to search out those with actual potential.
The Graveyard of JPEGs: Why Do So Many NFTs Go to Zero?
Earlier than we will discover the winners, we have to perceive why most tasks lose. Failed NFT tasks nearly at all times share the identical deadly flaws. When you be taught to identify them, they…
