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NFT traders are seeking to know how to find the next big NFT project early. It can be difficult. No investors would want to invest in an NFT project that wouldn’t yield back any profit. Moreover, it is quite unfortunate that many NFT projects may turn out to be a scam, while some may flop.
Finding the next big NFT project takes a lot of time and effort. And as NFT collectors are looking for the next big NFT, they end up getting deceived by some NFT scams and NFT fraud or end up investing in projects that are unprofitable.
Tips to Discover the Next Big NFT Project
There are millions of NFTs for sale, and it seems like thousands of new projects are launching daily. How do you cut through all the noise to determine the best NFT projects to follow and potentially invest in?
This guide will provide you with the tips to discover the next big NFT project:
1. Explore Twitter
Twitter is the most incredible tool to recognize NFT projects early. Twitter is where the NFT people live. In this manner, you can see which famous influencers and investors in the NFT space are following and inspired by. This is where everybody discusses NFT projects they like, loathe, and what they’re purchasing, holding, and selling.
For example, Twitter accounts like breetapp, feyi_x and bobbyquinn are notable profiles to get early insights into leading NFT projects and anything surrounding NFTs. These pages provide relevant information and resources on NFTs. Just like the “NFT for Beginners” Guide designed by Breet App for NFT newbies for free.
Twitter is likely the easiest platform to access simple information about the next big NFT projects. You can communicate with fellow NFT collectors and discuss spaces on relevant NFT topics. A lot can be done on the Twitter community.
2. Navigate Discord
Discord is another social media platform every NFT trader should use. Just like Twitter, Discord can be used to track down NFT gems on the channel. Each Project, community, and influencer has its Discord Server with different degrees of commitment. Similarly, you can find servers with tight-knit communities that openly discuss new NFT projects.
Finally, the most effective way to observe what the NFT community is purchasing or selling is to interface, and there could be no greater method for communicating than with Discord.
3. Make Use of the Nansen.ai Tool
One best way to find the next big NFT project is to use analytical data and information, and Nansen enables you to aggregate data on the NFT marketplaces and discovers what NFT project is trending. Nansen aggregates buyer data from Opensea and summarizes it into simpler graphs and analytics. Users can also see what the markets’ most influential investors are buying and holding.
Also, you can set alerts to notify you when specific wallets mint or buy a new collection. You can also see what the hottest groups are for each week.
4. Make Use of RyzeNFT
RyzeNFT is a costly yet useful tool for finding underestimated NFT projects and acting upon them immediately. Ryze Solutions is a mystery apparatus prior to being adapted for NFTs. With the NFT expansion, clients gain admittance to different unbelievably powerful tools.
- Rarity sniffer: This allows you to see rarity rankings right on Opensea.
- Mint sniping tools: Allow you to automatically mint from the contract the second a mint opens, helping you skip over any gas war.
- The OpenSea sniper allows you to set a max price to sweep floors on underpriced NFTs.
Ryze naturally watches an NFT collection, and if anyone posts well below the floor, searching for quick liquidity, Ryze alerts you to allow you to purchase it quickly.
5. Navigate Opensea Activity
Another procedure is to utilize the OpenSea tool. Use Twitter, Discord, and different platforms to view hot or uprising NFT projects and screen their action in Opensea. This is a free and simple option. Track down the NFT collection, and snap the movement tab. You can see minute-by-minute trades and details like the normal value, owners, and more.
6. Understand NFT Project’s Roadmaps
The roadmap map is one of the most important documents given to the public for essentially every Project. This is the list of upcoming events, drops, and important dates for the Project. The roadmap can be one of the most telling parts of a successful NFT project.
If you are putting money into an NFT project for the long term, a roadmap with solid long haul events is something you ought to search for. Also, roadmaps with huge loads of unreasonable momentary guarantees are red flags. These are in many cases used to siphon the cost before a floor covering pull. These guarantees come as free airdrops, tokens, advantages, and so on. Learn more on how to Identify NFT Scams here.
[READ ALSO: How To Identify NFT Scams and NFT Frauds]
7. Rarity Tools
Rarity tools is a fantastic website for finding new mints, as well as underpriced rares. Users can use the upcoming mints calendar to see a curated list of mints for the next few weeks and see what the NFT community is excited for in the next few weeks. Also, users can see who is following these NFT projects and branch off from there. Some may mint out, some may mint few.
8. Make Use of the NFT Calender
NFT Calendar is the first release and event calendar for the growing Non-Fungible Token industry. It allows users to never miss NFT launches, auctions, and events. Users can get regular updates and event alerts before the launch of new NFT projects. More exciting, it is free.
9. Study the NFT Project
Finally, the most important aspect of how to find the next big NFT project is to study the NFT project yourself – Do Your Own Research (DYOR). You need to invest in projects that interest you. Simply buying what everyone else is buying, or what the trends are showing, will lead to anxiety-induced paper hands and bad decision making. When you invest in projects that you understand and have an interest in, you will be able to sit through some of the bad days. Trading on what everyone else is doing will only lead to you being stuck with illiquid jpegs.
Final Thoughts: How To Find the Next Big NFT Project
Discovering the next big NFT project is taxing, though, it yields more and gives NFT collectors resources for more profiting investments. Knowing how to outsource the next big NFT projects will help you maintain your mental health as a consistent trader and avoid NFT scams.
In all, it’s a must to do your own research and find NFT collections that you are interested in.