One of the first things when evaluating the potential for a project is the team. Are they doxxed, have they done something before. With the NFT space being so new, even if you find a doxxed team, they most likely haven't done an NFT project before.
This can pose a danger because you initially give it a green flag when it could be a red flag. The reason being NFT's aren't like creating art or a project and putting it out, it's an IPO, it's selling 10,000 shares of a concept to people. And these people can act with their wallets decimating the value of the project (floor price). As a share holder, you want what's best for the company, this is the same with NFT's.
In the video I break down the thesis behind why blindly trusting an established creator may not be a good thing if it doesn't fit in with what they've done before.
Want to support the created a collection of ten 1/1 NFT’s called Nate’s OG’s. These 10 are handmade “frankensteined” images taking some of the bluechips NFT’s and favourites of mine.
Each NFT has a secret code, this will allow the buyer to have some 1 on 1 time with me. I can teach you how to use some tools, or we can just vibe about NFT’s in general.
This collection will also be the “genesis” collection. Holders getting a free mint pass to any future projects that I’m a part of.
You should only buy the NFT if you’ve received value from the content I've made.
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This is not financial advice, please do your own research before investing in the NFT space.
Follow me on Twitter: @NFTNate_
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Recommended Reading >> bit.ly/32kRpzw
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