dm's always swamped with ppl
asking for project suggestions
so here its goes
i evaluate nft projects based on 1. future potential 2. project depth 3. community 4. development team
(this is irrespective of the market condition)
(not financial advise/dyor)
๐
1. future potential
- some of the biggest corps are diving into the metaverse - facebook, softbank, grayscale, a16z, etc.
- we see that with $sand doing a whooping x8 in just under a mth.
- some of the biggest virtual land sale plays are happening right now.
that means that nft projects that are well in position in this metaverse world is prime to take off
- aka @CyberKongz
2. project depth
- nft projects that can stay relevant past the ups and downs shows tremendous strength
- a project with more than +10k units in strength often shows depth of reach + engagement
- @CyberKongz having endured 9mths is not a huge time frame, but definitely puts them in the blue chip category and shows depth.
- aside from the 1E floor of vx, CK also has a ~4E floor for baby ~75E floor genesis with an end collection of 20k units. entry for all.
3. community
- what makes a project sustainable and have longevity is the community:
- this is a group of ppl who believe in the same cause/mission as the project, often times sharing similar values.
- less supply + high demand = price goes up + stays up.
- @CyberKongz has a tight community who believes in the long term vision of the project
- the famous wallstreetkongz where alphas are being dropped daily.
- + the holy gate of genesis hall where membership is whooping +300k.
- the calibre of ppl alone is unmatched.
4. development team
- ideas are a dime a dozen
- having a dev team who has the vision to see through the crystal ball and the capability to execute is everything
bonus: is the team's connections within the industry + whether they are a jerk or not on the high horse or they care
- @CyberKongz has an amazing team who works around the clock heads down, executing to the tee.
- special thanks for @Coco__Bear for bringing me into the community.
- plus giving me the opportunity to build out my vision for @thelittlesnft through the support of kongz tank.
kongz tank not only provided funding of 10E + 1000 $banana but also, invaluable support, which i am forever thankful for.
@Coco__Bear - always pointing me towards the right path when im at a fork @RealSvenstar - for the meticulous feedback on our collection
i still rmb freaking out when we had a potential leak on our website. i couldn't sleep bearing all the weight on my shoulder. i woke up at 5am and the only comfort i found was from these gents who was there for me.
so i just want to dedicate this thread to you.
thank you.
final thoughts:
if you have 1eth to right now
- invest in the future of nfts
- invest in projects with depth
- invest in groups with shared vision/values
- invest in teams who care
(not financial advise)
disclaimer:
- i hold multiple @CyberKongz
- i've also just went through kongz tank
- i am not trying to pump my own bag
- this post is not sponsored
these are just my genuine thoughts + analysis
like+retweet for more.
ps: i haven't even talked about my gen kong yielding 10 $banana a day... ๐คฏ
pps: +more added utility for baby kongz + vx kongz to come as well.
$BANANA + $VOLT + $RWASTE + $XXXX + $XXXXX
all in a little world!?
๐งต๐
current NFT landscape is everyone for themselves.
every project has their own tokenomics
and their own ecosystems.
game theory, staking, breeding, etc.
what is the #1 problem these projects all encounter?
token emission vs burn mechanics.
for many projects, token emission is like trying to find buckets for a never ending fire hose.
its an ongoing deep underlying issue for a lot of projects.
3 critical rules to price ur nft collection
๐งต๐
consider 2 big market factors before
the 3 critical rules to properly price ur collection
lets dive ๐
2 market factors
macro - broad crypto market landscape.
what is the crypto market sentiment?
crypto twitter, @APompliano + @WClementeIII
is where i gather my market pulse
how is ETH doing? this has direct impact on
the whole NFT market (why?๐)
hearing this a lot.
kind of hard to wrap my head around it,
so lets try to unpack this a little.
to hold up the economy
lets follow the $๐
gov prints $ to buy bonds
lots $ flows to the banks
high supply $ => lower cost to burrow $
lower interest rates (%) = cheap $
cheap$ attracts biz to build/invest
$ used to hire ppl + buy ingredient/material
regular joe now has $ to spend on food/entertainment