Thread by @withmattkim

Here are the 5 things to look for when buying an NFT.

🧵👇

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What’s an NFT?

Check out this video by Whiteboard Crypto: "What is an NFT?"

1/ Are the founders credible?

Have the founders doxxed themselves (revealed their identities)?

Also check if they have relevant experiences.

@doodles founders came from Kabam Games and Dapper Labs.

2/ How’s the art?

Art doesn’t determine a project’s success, but it creates a baseline.

It’s subjective, but decide if you actually like the art! I personally like @AzukiZen!

3/ Is there an empowered community?

Check their @discord to see how engaged the community is.

Do people actually respond to you?

@CPGclub has a community of supportive crypto influencers and mentors!

4/ Is the roadmap exciting?

NFTs are making games, merch, and airdropping for their members.

@RTFKTstudios airdropped their metaverse Space Pods!

Choose a project where the roadmap excites you.

https://twitter.com/RTFKTstudios/status/1474786809456517122?s=20

5/ What’s unique about it?

Many projects just copy others or create derivatives of them.

There's a trend of using non-pfp (non-profile picture) and using NFT utilities.

@CyberKongz gave $BANANA tokens for holding on their NFT.

6/ NFTs to watch:
@CPGclub
@BoredApeYC
@doodles
@coolcatsnft
@RTFKTstudios
@wulfznft
@AzukiZen
@nyanheroes
@CryptoMories
@InvsbleFriends
@CryptoKitties
@CyberKongz
@HAPEBEASTGANG

7/ Key takeaway ✍️

NFT projects are like mini startups.

Do you believe in what they’re building?

And are these the right people to make it happen?

8/ thanks to @QuintinAu for sharing his thoughts on NFTs and contributing to this article 🙏

9/ subscribe to @withsmoothie to learn crypto with visual storytelling.

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10/ retweet and follow @withmattkim & @kazsatamai for more crypto frameworks.