Qualities to look for in NFTs
β on chain
πΌ good art
π public domain
π» open source
π unique
π€ not anonymous
π healthy community
β not super markety
π§βπ¨ committed artist
πΈ you like it
π΅ you can afford it
π ur cool if it goes down
β on chain
πΌ good art
π public domain
π» open source
π unique
π€ not anonymous
π healthy community
β not super markety
π§βπ¨ committed artist
πΈ you like it
π΅ you can afford it
π ur cool if it goes down
not all of these qualities will apply to every project, so donβt use this like a checklist β itβs just a rundown of things that are good signals (in my experience) and stuff i look for
iβll break down each of these items in detail in this thread shortly
iβll break down each of these items in detail in this thread shortly
β on chain
this means that all or most of the projectβs art and metadata is stored on the blockchain itself β this is good because the art is less likely to be lost, corrupted, or manipulated
examples: @blitmap, @ponderware, @lootproject
more info: blog.simondlr.com
this means that all or most of the projectβs art and metadata is stored on the blockchain itself β this is good because the art is less likely to be lost, corrupted, or manipulated
examples: @blitmap, @ponderware, @lootproject
more info: blog.simondlr.com
πΌ good art
being familiar with art history, art movements, and how to appreciate art will go a long way if youβre serious about the art side of NFTs
if ur too lazy to read, i highly recommend consuming this YouTube channel: youtube.com
being familiar with art history, art movements, and how to appreciate art will go a long way if youβre serious about the art side of NFTs
if ur too lazy to read, i highly recommend consuming this YouTube channel: youtube.com
π public domain
this refers to the projectβs stance on copyright, intellectual property, and derivatives β the world and the web is changing, and many believe the radicalness of public domain is the way forward
more info here: blitmap.mirror.xyz
this refers to the projectβs stance on copyright, intellectual property, and derivatives β the world and the web is changing, and many believe the radicalness of public domain is the way forward
more info here: blitmap.mirror.xyz
π» open source
if the project relies upon code or has important material, then it ideally will be open source and publicly available so that it can be recreated or improved upon in the event that the original website or host goes away
example: @AvimeNFT
if the project relies upon code or has important material, then it ideally will be open source and publicly available so that it can be recreated or improved upon in the event that the original website or host goes away
example: @AvimeNFT
π unique
as the NFT space grows, weβre starting to see a lot of cookie-cutter projects and things that lack creativity
follow projects that are pushing boundaries: @supdrive @foliafoliafolia @ParallelNFT @JohnOrionYoung @InternetCamera @lootproject
as the NFT space grows, weβre starting to see a lot of cookie-cutter projects and things that lack creativity
follow projects that are pushing boundaries: @supdrive @foliafoliafolia @ParallelNFT @JohnOrionYoung @InternetCamera @lootproject
π€ not anonymous
this isnβt a dealbreaker, but it is something you should be concerned about and paying attention to β if you donβt know who is behind an NFT project or its someone who hasnβt established credibility yet, u run the risk of being scammed:
inputmag.com
this isnβt a dealbreaker, but it is something you should be concerned about and paying attention to β if you donβt know who is behind an NFT project or its someone who hasnβt established credibility yet, u run the risk of being scammed:
inputmag.com
π healthy community
many NFT projects have communities which can be fun & make the project more culturally impactful, but not if the community is a shitshow
beware ofβ¦
- toxicity
- sexism, transphobia, racism, ect
- spam
seek outβ¦
- supportive
- kind, generous
- good vibes
many NFT projects have communities which can be fun & make the project more culturally impactful, but not if the community is a shitshow
beware ofβ¦
- toxicity
- sexism, transphobia, racism, ect
- spam
seek outβ¦
- supportive
- kind, generous
- good vibes
β not super markety
this is a pet peeve of mine, so take it with a grain of salt, but if a project is doing a TON of marketing and is over-promotionalβ¦ im not very interested in it β it feels like its compensating for something and is often an eye sore
this is a pet peeve of mine, so take it with a grain of salt, but if a project is doing a TON of marketing and is over-promotionalβ¦ im not very interested in it β it feels like its compensating for something and is often an eye sore
π§βπ¨ committed artist
sometimes creators/artists start making NFTs to earn money, then they discover they donβt enjoy it, and leave the ecosystem
the longer the artist/creator has been around in the space OR the more they are active/involved in the wider community, the better
sometimes creators/artists start making NFTs to earn money, then they discover they donβt enjoy it, and leave the ecosystem
the longer the artist/creator has been around in the space OR the more they are active/involved in the wider community, the better
πΈ you like it
if you spend a bunch of money on NFTs you donβt actually appreciate because u think they are going to make u rich, ur in for a bad experience
buy stuff u like so that regardless of what happens, youβll have something that u enjoy
if you spend a bunch of money on NFTs you donβt actually appreciate because u think they are going to make u rich, ur in for a bad experience
buy stuff u like so that regardless of what happens, youβll have something that u enjoy
π΅ you can afford it
if u canβt afford to lose the money youβre about to drop on an NFT, donβt buy it β itβs really that simple
if u canβt afford to lose the money youβre about to drop on an NFT, donβt buy it β itβs really that simple
π ur cool if it goes down
most NFTs arenβt going to go up in value β youβve probably seen people getting rich off NFTs, but the cold hard truth is that most of the NFTs you buy wonβt ever go up in value
i have hundreds and only a handful have meaningfully gone up in value
most NFTs arenβt going to go up in value β youβve probably seen people getting rich off NFTs, but the cold hard truth is that most of the NFTs you buy wonβt ever go up in value
i have hundreds and only a handful have meaningfully gone up in value
if you want to get started with NFTs, youβre going to need an Ethereum wallet
go download @rainbowdotme β
itβs the best wallet around, and it will display your NFTs beautifully:
rainbow.me
go download @rainbowdotme β
itβs the best wallet around, and it will display your NFTs beautifully:
rainbow.me
p.s. none of this is investing advice π
itβs just my personal ramblings about finding quality rare jpegs
itβs just my personal ramblings about finding quality rare jpegs
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