Expert Tips on How to Find NFT Projects Early
Did you know that the original mint price of a Bored Ape was just .08 ETH or $192? At one point, a single Bored Ape could sell for over $2 million. As this illustrates, there is a lot of value to finding the right NFT project early.
At Token Page, we’ve put together this guide to help you find NFT projects early. Who knows? You could find the next Bored Ape NFT for just a few hundred dollars. Here, we will lay out 10 ways you can find excellent NFT projects before the rest of the NFT collector community.
Why Find NFT Projects Early?
There are several reasons why you want to find NFT projects early. First, you will have the opportunity to mint an NFT at its lowest possible price.
Also, studying NFT projects can help you better understand what makes one good for investment. After all, when an NFT project is popular, it is hard to see the clues that made it such a big deal.
Finally, you will want to find NFT projects early so you can set up your calendar to purchase your NFTs ahead of time. This will allow you to better set up your budget.
10 Ways to Find NFT Projects Early
There are several directions that you can take when it comes to finding NFT projects early. Here are the 10 best ways to find that next big NFT project.
Some of these methods will be completely free while others will cost money. If you are on a tight budget, then the free methods will work perfectly fine. However, the paid methods will save you lots of time and are extremely useful if you are working with a larger budget.
Twitter is the one social media platform that just about every NFT project uses. Because of that, you need to spend lots of time on social media platforms. This is sort of a double-edged sword because Twitter is so large that it could take a while to find that next big NFT project early.
When using Twitter, it is a good idea to look for NFT influencers who are active on the platform. They can help point you in the right direction. Some of the top NFT influencers on Twitter include.
- Crypto Baristas.
Now bear in mind that these influencers have a large following so it will be hard to get in on the ground floor of a big NFT project here. However, they can start to point you in the right direction.
Discord is the second most important social media platform. This is the place where NFT projects gather and build a community to announce confidential news about their project.
Here, you can communicate with the creators of the NFT project and ask them questions. The good thing about Discord is that it cuts out lots of the noise that you can find on Twitter.
Since your time is limited, you want to be selective with the number of Discord NFT project communities that you will join. It is recommended that you only really follow 5 or 7 projects at a time on Discord. This will allow you enough time to do proper research.
If you have some money and you are willing to invest in your NFT research, then you will want to get started on a tool such as RyzeNFT.
This is a pro-level NFT research tool that will allow you to quickly find undervalued NFT projects. This tool will not only save you time, but it will also help raise the possibility that you will find NFT projects before the rest of the community knows about them.
In particular, there are three excellent features on RyzeNFT that you will want to consider:
- Rarity sniffer - With this one tool, you will be able to see all the rankings of all NFT projects on Open Sea
- Mint sniping tools - With this feature, you can automatically mint an NFT without having to deal with elevated gas fees.
- The OpenSea sniper - This allows you to find the max floors on NFT projects so you can quickly look for underpriced projects.
4). OpenSea Tools
OpenSea is the largest NFT marketplace on the planet. Therefore, you will want to spend some time here and find NFT projects worth checking out. Another good thing about OpenSea is that you can find lots of free data which can help you find that next underpriced NFT project.
Some of the top features and tools on OpenSea include the floor price, the recent purchasing volume, and the recent purchasing price. You can also check out the bids for all the NFTs that you are interested in. If you don’t have the money for a paid tool, then spending time on Open Sea will be the next best option.
While you can find lots of data on Open Sea, it can be somewhat overwhelming. You can spend hours simply pouring through all of the free data. If you want to save lots of time, then you should look at Nansen.ai.
This is a paid service that takes all the data on OpenSea and displays it for you in an easy-to-read manner. The result is that you can quickly find those NFT projects which are underpriced.
Another great feature of Nansen.ai is that you can quickly track the purchases of certain wallets. You can even set up alerts when certain wallets make purchases. This allows you to track the activity of collectors who may have some expert knowledge on smaller NFT projects.
6). The NFT Project’s Roadmap
A great free way to get information on an NFT project is to read the project’s roadmap. The roadmap is a document that tells you the project’s upcoming plans and activities. Most roadmaps will give you a 12-month future look into the project. With a roadmap, you can have a good idea of where the project is headed.
Also, a project roadmap is a good way to gauge the expertise of the project creators. If the roadmap sounds too unrealistic, then there is a good chance that the creators don’t have a good grasp of their project. However, if the roadmap sounds realistic and well planned out, then you have a good idea that the NFT project has some promise.
7). Icy Tools
If you are a little more advanced or if you have more money to spend, then you should most certainly check out Icy Tools. This tool will give you an up-to-the-minute look at all notable NFT projects. You can quickly find those small NFT projects that start to trend and will likely go up in value.
If you don’t have the money for Icy Tools, then don’t worry. There is a free plan that allows you to look at daily trends. The free version of Icy Tools is a great way to start understanding the NFT market. However, if you are looking to spend some serious money, then the paid version is well worth the investment.
8). Rarity Tools
If you are looking for those new NFT projects that many others don’t know about yet, then you will want to get use Rarity Tools. This website allows you to check out all the upcoming mints and gives you a good idea of which projects are likely to attract lots of attention. One great feature that they have is a social media tracker which allows you to track how many Twitter followers are following a project. This is a great indicator of the future growth of a project.
You can use Rarity Tools for free. However, you will have to manually search out the information so you will have to spend some time here to find the winning project.
9). Study the Project Yourself
The one thing that every NFT collector needs to do is learn how to study an NFT project by yourself. That means you have to check out the project’s Twitter account, Discord server, official website, project whitepaper, and project road map. This will take some time. However, you don’t need to spend any money and it will help you become an expert on NFT projects in general.
Be sure to study at least one different project each day. This will help you understand what a good NFT project looks like. For example, if an NFT project has a poorly written official website, then this will be a major red flag.
10). NFT Calendar
There are thousands of NFT projects coming out each month. Therefore, you will need to find a way to organize the information. With the NFT Calendar, you will be able to easily see which NFT project mint dates are coming up. This will allow you to better have your funds ready to get in on the project mint dates that are of interest to you.
Finding the Next Great NFT Project
Knowing where to look is the first step to finding the next great NFT project earlier than anyone else. Start with the free resources and then consider using paid websites to help you get an edge on the competition. Also, be sure to bookmark Token Page. We are always scanning the latest NFT projects and we can help you find that next great NFT opportunity earlier than most other blogs.