2021 would go down in cryptosphere history as the trajectory year for NFTs and Metaverse. Or should we say this year was particularly made for NFTs and Metaverse? Well, 2022 appears greenish to outperform the previous. As you plan to catch up with the uptrend that saw over $15billion sales already, let’s get you started on some of the ways to search for upcoming NFTs to invest in.
While Investing, Note These;
NFTs can be traced back to the days of colored Bitcoins (experimental tokens representing real-world assets launched on the Bitcoin blockchain) in the early part of the last decade. Many NFTs now sell for millions of dollars, such as Cryptopunks NFTs, Bored Ape Yacht Club NFTs, and so on. However, the movement can still be said to be in its infancy and is an early demonstration of cryptos’ potential to make the digital economy work for more people. Of course, Jack Dorsey’s signature tweet is worth a million dollars, just like the $390,000 paid for a 50-second video by Grimes and the $6.6 million paid for a video by Beeple.
Most significantly, many NFTs are static assets that do not generate income on their own; they are primarily valued based on subjective criteria such as buyer demand. As a result, soaring prices may not endure indefinitely, and NFTs may lose significant value.
NFTs, METAVERSE AND, BLOCKCHAIN HAVE A SAY!
Since NFTs and blockchain do not look to be going away anytime soon, it may be worthwhile for you to consider selling or buying NFT assets as NFTs and blockchain continue to gain traction in real-world applications. The emergence of Metaverse, a virtual environment that replicates the real world, is one of the developments that will propel the world of NFTs forward for many years to come. Why? Digital assets (NFTs) would exist in a digital universe (Metaverse), simple as that. Isn’t that a plus?
INVEST THAT WHICH YOU CAN AFFORD TO LOSE
Remember that generating and selling digital content for creators may make a lot of sense. NFTs, on the other hand, are a high-risk investment when it comes to collecting them. As most NFTs sell for hype, value is unclear and will swing based on demand for the task itself. If NFTs turn out to be a craze, you could lose a lot of money if you decide to invest heavily in them. So, if the valuation of crypto assets declines, the investor who invested $69 million in Beeple’s work, “The First 5,000 Days,” may suffer a significant loss in the years ahead. So, analyze your options and invest within your risk tolerance, which is a basic business concept, right? In the crypto sphere, this is crucial.
WHERE CAN I FIND OUT ABOUT UPCOMING NFTs?
With the many tools accessible out there, touring the NFT universe looking for upcoming NFT drops to invest in has recently been easier. The following are some of the tools:
For a long time, Twitter has been one of the most popular venues to get cryptocurrency news and upcoming NFTs to invest in. This bird app is where everyone discusses projects they like or dislike and what they’re purchasing, holding, and selling. It’s unusual to see a project start without a Twitter account as part of their social media promotion and hype. It’s because there are a lot of crypto aficionados here. One of the most popular NFT projects is the Bored Ape Yacht Club that resides on the bird app; even your superstar artists flaunt it on Twitter.
You can also participate in Twitter spaces to see what your followers are saying in real-time. While you’re doing your study, see what’s on the minds of crypto enthusiasts and traders about specific projects and compile a list.
Nansen.ai
Nansen is extensive, with a large number of analytic datasets shown in graphs to help you decide which project to join. This platform uses true analytical data to find NFT diamonds and upcoming NFTs to invest in. Nansen takes Opensea’s buyer data and organizes it into easy-to-understand graphs and insights. Users can observe where the smart money is moving or what the most powerful purchasers in the markets are acquiring and holding.
The possibility to gain an advantage over the competition by monitoring the activity and on-chain behavior of notable wallet addresses is one of the features given by this site.
Rarity.tools
Understanding the Rarity of the NFT you’re going to buy can help you make better decisions; this is one of the areas Rarity Tool may help you. Rarity tools can help you find incredibly rare NFT for much the same price as a product that might be on the floor. Users can set the criterion to buy immediately, and rarity will update the site with an ordered set of attainable NFTs from the collection, along with their costs.
There are updates right on the Twitter page, which is a terrific tool for discovering new mints. Users may also discover who is interested in these initiatives and branch out from there. You can use this platform for a variety of purposes, including finding exceptionally good bargains on various NFT projects that you might have interest in.
Discord
When it comes to finding upcoming NFTs to invest in, Discord is a valuable resource. While Twitter is known for its trends and hype, Discord is known for its accessible community. There is a high level of proximity to project CEOs, developers, moderators, and many other team members who are usually available on the project server. There are opportunities to clear your doubts, raise an idea, meet your fellow countrymen; and even make a buddy with information that might help you advance in the NFT world on the Discord servers.
Discord is the home for most NFT projects probably because of its various capabilities, such as multiple channels. There is a high chance to quickly find a viewpoint on what you believe about a project with Discord. Interacting with the community is the greatest way to find out what they’re buying and selling; and there’s no better way to communicate than using Discord. Hence, It is important to know how to use social metrics to analyze NFT projects.
Dune Analytics
Dune Analytics is a company that specializes in data analytics. This service keeps track of each NFT’s floor prices and statistics. It’s a free website with a Pro-plan for more advanced features. It has thousands of dashboards for hundreds of projects that you can use to track critical data for Defi, NFTs, and other projects. It has a lot of tasks to help you construct a list and decrease the burden of searching. One of the beauties is the opportunity to create your dashboards and custom charts using SQL. The dashboards consist of project data such as the number of holders, recent sales and purchases; And also trading volume, minting progresses, all-time-high of NFTs, etc.
Opensea
This is one of the best NFT marketplaces where you may keep track of your NFT’s actions to confirm your guesswork or the extensive analysis of your NFT’s performance. You only need to locate the collection and select the activity tab. Minute-by-minute transactions and statistics such as the average price, owners, and more are available. On this platform, users can check the statistics of whales buying uniques from a collection; to notice early signals of a trending collection. You may sort the NFTs by blockchain, as this platform supports various blockchain-based NFTs. It supports blockchains such as Ethereum, Polygon, Klayton. And others, as well as nine different categories such as music, art, trading cards, and more.
