9 things to consider before buying your first NFT 👇🧵
1. Website - the Headquarters
Does the NFT project have a website communicating clearly their project?
Look for the WHY, HOW, and WHAT.
Any website should deliver on these...⬇️
Does the NFT project have a website communicating clearly their project?
Look for the WHY, HOW, and WHAT.
Any website should deliver on these...⬇️
2. Art and Aesthetic - the Package
Is the Art or Aesthetic good enough for what the project wants to achieve?
Is it aligned with the project future vision?
Look for a balance between Art and Aesthetics and Utility...⬇️
Is the Art or Aesthetic good enough for what the project wants to achieve?
Is it aligned with the project future vision?
Look for a balance between Art and Aesthetics and Utility...⬇️
3. Utility - the Value Proposition
What does the NFT serve for? Does it have only digital value? Does it deliver any value in "Real Life"? Is it easy to get access to that value?
Unless it is an Art-only or crowdfund project, always look for Utility...⬇️
What does the NFT serve for? Does it have only digital value? Does it deliver any value in "Real Life"? Is it easy to get access to that value?
Unless it is an Art-only or crowdfund project, always look for Utility...⬇️
4. Roadmap - the Vision
How will the Utility - Value Proposition - be delivered over time?
Is it a "Buy-and-Sell" NFT project or a "Hold"?
Are the next steps achievable or over-promising?
I look for a balance between short-term gains and long-term value creation...⬇️
How will the Utility - Value Proposition - be delivered over time?
Is it a "Buy-and-Sell" NFT project or a "Hold"?
Are the next steps achievable or over-promising?
I look for a balance between short-term gains and long-term value creation...⬇️
5. Rarity Distribution - Accessibility
Is the distribution between Super Rare, Rare, and Ordinary reasonable?
A framework I like to use:
• Super Rare 1-2%
• Rare 5-10%
• Ordinary 88-94%
Apply these percentages to the total Supply...⬇️
Is the distribution between Super Rare, Rare, and Ordinary reasonable?
A framework I like to use:
• Super Rare 1-2%
• Rare 5-10%
• Ordinary 88-94%
Apply these percentages to the total Supply...⬇️
6. Community - the Customer & Shareholder
Who is the Person to whom this NFT creates value?
How does the Team communicate with them?
Is the Community vibrant? A group of zombies?
I look for healthy communities with common traits, values, and mission-driven...⬇️
Who is the Person to whom this NFT creates value?
How does the Team communicate with them?
Is the Community vibrant? A group of zombies?
I look for healthy communities with common traits, values, and mission-driven...⬇️
7. Supply and Demand - the Upside
Assuming a finite Supply, NFTs get value by increasing the Demand - making them more and more scarce.
How many NFTs are being dropped and why?
I like to see when the amount of NFTs is justified with clear arguments tied to the Roadmap...⬇️
Assuming a finite Supply, NFTs get value by increasing the Demand - making them more and more scarce.
How many NFTs are being dropped and why?
I like to see when the amount of NFTs is justified with clear arguments tied to the Roadmap...⬇️
8. Go-to-Market - the Launch Strategy
How is the Airdrop going to happen?
All at once? A couple of them from time to time?
How is the project going to be known?
I like to see when the Airdrop is justified aligned with the Roadmap and Vision...⬇️
How is the Airdrop going to happen?
All at once? A couple of them from time to time?
How is the project going to be known?
I like to see when the Airdrop is justified aligned with the Roadmap and Vision...⬇️
9. Team and Growth - the Execution
Who is the Team?
Are they able to execute their Roadmap?
Are they consistent and relentless? How do I track their progress?
How will they increase the Collection overall value?
I like projects where Founders keep leading it...⬇️
Who is the Team?
Are they able to execute their Roadmap?
Are they consistent and relentless? How do I track their progress?
How will they increase the Collection overall value?
I like projects where Founders keep leading it...⬇️
That's it for today friends - Thanks for reading.
Follow me @hey_bernie if you want to learn more about:
• Twitter Growth
• Community Building
• Web3: NFTs and DAOs
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Follow me @hey_bernie if you want to learn more about:
• Twitter Growth
• Community Building
• Web3: NFTs and DAOs
Want my content on your e-mail?
Then subscribe to my newsletter 👇
getrevue.co/profile/hey_be…
Building an NFT project? I can help you define your:
• value proposition
• go-to-market and
• growth strategy
And I'll do it for free.
DM me and let me help you 😘
• value proposition
• go-to-market and
• growth strategy
And I'll do it for free.
DM me and let me help you 😘
1. Website
2. Art and Aesthetic
3. Utility
4. Roadmap
5. Rarity Distribution
6. Community
7. Supply and Demand
8. Go-to-Market strategy
9. Team and Growth
2. Art and Aesthetic
3. Utility
4. Roadmap
5. Rarity Distribution
6. Community
7. Supply and Demand
8. Go-to-Market strategy
9. Team and Growth
Buying our first NFT can be scary.
Then make sure to share this thread to help others 👇
Then make sure to share this thread to help others 👇
https://twitter.com/hey_bernie/status/1476671026457202692
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