Member-only story
I’ve spent countless hours over the past year or so researching NFTs, learning whatever I can. I’ve looked at hundreds of projects and spent thousands of hours on their discords. I’ve bought and sold countless NFTs and I think I’ve been burnt enough for all of us.
By far the 4 most important things to consider when buying an NFT are the team, the community, the roadmap, and the art.
The Art
First and foremost, the art is important. Art is really subjective. I don’t expect you to be an art connoisseur. But you have to love the piece that you’re buying. The NFT market is incredibly volatile. Prices can fluctuate 30–50% if not more on a daily basis. You have to be ready to go to hell and back with your NFT. That’s hard to do unless you really like it. I own around 40 NFTs and I’m ready to be buried with all of them.
The Team
To me, the team is the most important thing to consider when buying into an NFT project. One of the first things I do when I’m researching a project is to go to the website and look at the team page. I read up on each of the members. I look at their Twitters and at their Linkedin pages too if I can. It’s also worth diving into the discord to interact with the team or at least look at the announcements that they’ve made.
