Whether you’re ready to enter the world of decentralized finance or want to dive deeper than cryptocurrencies, NFTs are a worthy consideration. These blockchain-powered visual pieces are one of the most exciting and lucrative asset classes in 2022.
As with any other investment opportunity, finding the hidden gems before other market participants is the name of the game. That’s because once a project goes viral and lands into the short-lived attention spans of retail investors, there’s often little upside left in it.
So if you’re ready to do some homework and invest in promising NFT projects early, these strategies will help you find the proverbial diamond in the mountains of dirt that the NFT market is these days.
1. Use Market Aggregators
These websites keep track of the vast majority of NFT sales across the internet to gather some powerful insights. What makes these aggregators particularly useful is that they all maintain a live database of upcoming NFT sales for you to browse through.
You’ll get access to the name, description, social media links, pricing, and total size of each collection. That last parameter is especially important because the price of each asset obviously depends on the fine balance between supply and demand. You should generally aim for projects with several thousand total items in the airdrop.
Here are some popular NFC aggregators you should check:
- NFT Calendar
2. Go Berserk with Minting Monitors
If you’re serious about uncovering some of the most insanely profitable opportunities, minting monitors are the tools that you need. These platforms try to gather as much data on every single activity within the world of NFTs. Buying, selling, minting, and practically every other activity is tracked, analyzed, and presented in accessible formats for you to base your investment strategy on.
Minting monitors take you one step closer to the action than market aggregators because now you’re getting direct access to the very heartbeat of the market.
Here’s an example of how this might be useful. Many NFT projects do a mini stealth drop before putting the entire collection up for sale. During this phase, they don’t do any marketing and put a fraction of their collection for thrifty investors to snag.
By keeping an eye on minting activity, you can uncover these opportunities and buy into a project before it even goes live for the rest of the market.
Some of the most popular minting monitors include:
3. Keep Tabs on NFT Launchpads
Just like launchpads from the world of traditional finance help aspiring startups gain resources and support to thrive, there are launchpads in the decentralized economy that assist budding NFT artists in materializing their vision and bringing it to the wider world.
That’s why you should bookmark some popular NFT launchpads and keep an eye on their latest collaborations. These teams usually have in-house specialists to vet a project before risking their brand name on it. As such, you can essentially use their resources as a filter to uncover promising opportunities for yourself.
Here’s a list of some popular NFT launchpads:
- Binance NFT Launchpad
4. Leverage Social Meida
Twitter and Discord are like the Silicon Valley and Wall Street of decentralized finance. These are the digital spots where some of the most innovative and passionate creators hang out.
The value you’ll get out of these channels depends entirely on the people you follow and the communities you join. While we can’t give you any specific recommendations here, there are some general guidelines you should keep in mind:
- Start by following some big names. You’re looking for team members of amazing NFT projects, platforms like OpenSea, and any other official accounts that you can expect some level of authenticity from.
- Watch out for obvious red flags. If the only thing an influencer or a group can talk about is how much money you can make by buying their collection, it’s time to kick them off your feed.
- Look for passionate individuals. These are the people who live and breathe NFTs. They are not in it just to make a quick buck but to express their creativity and appreciate the fine appeal of these digital assets.
With those four methods, you’ll have a steady stream of exciting NFT projects landing on your radar. But don’t forget to do your own due diligence before investing in any asset, especially extremely volatile investments like NFTs.