A sensible information to slicing by the hype and discovering actual worth on this planet of digital collectibles.
Keep in mind that NFT undertaking from just a few months in the past? The one with the insane hype, the celeb endorsements, and a Discord server that was buzzing 24/7? Go test its ground worth now. Likelihood is, it’s a ghost city, with the value down 95% and the neighborhood 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 discovered.
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 need to use to seek out those with actual potential.
The Graveyard of JPEGs: Why Do So Many NFTs Go to Zero?
Earlier than we are able to discover the winners, we have to perceive why most tasks lose. Failed NFT tasks virtually all the time share the identical deadly flaws. When you study to identify them, they…
