So everyone keeps talking about NFTs but you don't actually know HOW to find and evaluate NFT projects.
Here's an absolute beginner's guide:
3
26
108
Conversation
1
2
13
2/ The steps are:
1. Know your goal
2. Look for a project
3. Do your research
4. Buy an NFT
None of this is investment advice but here goes nothing...
1
4
3/ STEP 1: Know your goal
Why do you want an NFT?
1. If you want to invest, NFTs are risky as hell. Do your research first.
2. If you like the creator or art, then why not?
3. If you want to learn, consider buying on Polygon or Solana to save gas:
Quote Tweet
Here's a step by step guide on how you can avoid paying crazy high gas prices on Ethereum.
I hope that you save a lot of money with these tactics...
Show this thread
1
3
4/ STEP 2: Find a project
Search for trending projects
Use , , and .
You can also try paid tools like and to find trending projects up to the last minute.
2
5
5/ Follow NFT collectors
Use tools like (get alerts when they make a trade) or just follow them on Twitter for free.
moby.gg/?tab=Whales
Replying to
6/ Join NFT communities
NFT communities help you get the latest alpha (intel) on projects. Unfortunately, many of them are paywalled.
has a thread here:
Quote Tweet
8/ Getting Alpha
I’ve benefited HUGELY from joining communities that have taught me strategy, given a heads up on upcoming drops, and faciliated networking with pros in the space.
My favorites are @FWBtweets, @Metaverse_HQ, and @CPGClub (disclosure: Club CPG is my project).
Show this thread
1
4
7/ One thing is for sure...if you get a Discord DM about an NFT project, ignore it at all costs.
That person is likely a scammer looking to get your seed phrase.
Turn off DMs when you join new servers and read our guide below:
odysseydao.com/articles/how-t
1
4
8/ STEP 3: Do your own research
After you find a project, visit its website, social, and community to understand:
Mission:
What’s the project trying to achieve? Do you care?
Art:
Does the art resonate?
Team:
Who’s the team behind the project? Do they have the right skill?
1
4
9/ Roadmap:
Does the project have a plan to deliver utility over time? For example, are there going to be new drops?
Community:
Is the core team active in the community? Are members excited for the roadmap or only speculating on prices?
1
1
10/ If the project has been minted, you can visit its profile on an NFT marketplace to get additional signals:
1
3
11/ Verification:
Is the project verified? Sometimes scammers will make fake projects with the same name.
1
3
12/ Owners:
How many items are there per owner?
2-3 items per owner (divide items by owners) is a good sign that the project isn’t concentrated in the hands of a few collectors.
1
2
13/ Floor price:
Is the floor price holding? If there are a lot of floor listings, that’s a sign that people are trying to dump the project.
Visit OpenSea to see a floor price chart:
opensea.io/collection/the
1
3
14/ Rarity:
Rarity is a sign of how valuable an NFT is.
Collectors often (but not always) seek the rarest NFTs from a project. Use rarity.tools and howrare.is to look up NFT rarity for Ethereum and Solana NFTs respectively.
1
4
15/ STEP 4: Buy the NFT (or not)
Once you find a project that interests you and do your own research, you're ready to buy the NFT by:
1. Minting (creating) the NFT
2. Buying the NFT on a secondary market
We'll save this for a future guide.
1
5
16/ If you enjoyed this thread, follow me at and retweet to spread the word.
We're expanding 's NFT learning path later this month - will let you all know when its ready!
2
6