Be the first to capture NFT investment trends with NFTScan

NFT market information is highly dynamic and opportunities are fleeting, so it is critical for NFT participants to know the first information about the market. Therefore, market participants must pay close attention to various channels, and strive to obtain the latest first-hand NFT information, which is critical for participants to seize the opportunity and benefit, if the information lags behind, it is easy to lose the initiative and first-mover advantage.

1) For investors, knowing first-hand information about NFT allows them to identify valuable projects earlier and buy them at the pre-offering analysis or Mint stage to obtain higher returns. In addition, first-hand information can help them identify new opportunities and determine market hotspots, so that they can participate in those assets that are expected to soar earlier and faster. To achieve excess returns in this competitive market, mastering the information advantage is key.

2) For project parties, it can help them better grasp the market demand and adjust the project direction and strategy in time to meet the market demand. In addition, by understanding the first information of the market, project parties can better communicate with investors, establish good community relations, and improve the visibility and recognition of the project, thus promoting the development of the project. If project parties are unable to perceive market changes in a timely manner, it is easy to lose opportunities as the product is out of touch with market demand.

The success of Minting represents the market's interest and recognition of the project. If Minting achieves high sales, it indicates that the project is a good match for the current market and is expected to be active in subsequent transactions, which also provides favorable conditions for the subsequent development of the project.

So how do you identify and capture the first information and investment opportunities in the NFT market? NFTScan has a dedicated "Minting List" feature that tracks the Minting progress and sales of different NFT projects in real time. Users can see which projects have recently launched or foreshadowed Minting activity, and which new NFT assets are expected to be released, and then view their data through the NFTScan Minting list at the appropriate time.

Then you can further research these projects to determine their potential value and market buzz, and thus select the Minting events you are interested in participating in. Such as the launch of new projects and the current most popular projects, etc. By analyzing the data on this site, we can learn about the next trends and opportunities.

For example, if a well-known NFT project announces the launch of New Series and the start of casting, it will be displayed on NFTScan's Minting list in real time, which is likely to be the focus and hot information in the market. Many users will follow the Minting of this project, scrambling to buy NFT to get first-hand assets. If users are also interested in this project, they can be the first to discover this Minting news through NFTScan, and then act quickly to participate in the purchase, they will have the opportunity to enjoy this wave of price increase together with others.

NFTScan provides real-time NFT Minting data from 15min~1d and ranking, which can be intuitively given in the currently selected time period. Which projects in the market are being heavily Minted, these projects as newly minted and hot, it is highly likely to become a dark horse in a crowd of projects. Intuitively give an objective trend of the current market NFT, also reflects the NFT hot ranking, providing real-time data for users or investors.

Of course, the mixed market there are some earth dog class and imitation plate class projects just for the short-term quick arbitrage and hype, their trading volume does not represent the actual value of the project. In addition, the initial Minting sales of NFT projects do not fully reflect their post-market potential, and even if a project has a high number of mintings, it does not necessarily guarantee the success and future growth of the project. Simply chasing after a project's Minting sales ranking is likely to lead to misjudgment due to the loss of a holistic view, so it is necessary to evaluate the innovation of the project itself, the strength of the team, the influence of the community, etc., and to conduct a comprehensive analysis in the context of the current NFT market as a whole. The project owner also needs to have a clear plan and long-term strategy to truly gain market recognition and user trust.

1、Team background

Understanding the background and experience of the project team is one of the important factors to determine whether an NFT project is worth considering. Success is often inextricably linked to the team behind it, an experienced team can better cope with market changes and risks, thereby increasing the success rate of the project.

1) Team members' areas of expertise and skills are online.

2) Members have a history of success and track record.

3) Knowledge of the team's reputation and reviews in the industry can help assess the team's capabilities and reliability.

4) Strong social media and community support and active and reputable online.

5) Clear planning and roadmap, and the ability to achieve milestones on time and on schedule.

2、Community

"A good project cannot be driven by a community". An active community can usually provide good support and interaction, and also attract more investors and collectors. You can check the project's social media platforms such as Twitter, Discord, Telegram and other channels to see how interactive and active the community is, as well as the number of community members and growth trends. If the project has a high community activity, a large number of community members and a high loyalty stickiness, then it can usually be considered that the project is more popular and has a greater potential for growth.

3、Project characteristics

A successful project must have its project characteristics, such as the unique design style CryptoPunks, as OG NFT its punk pixel style was once sought after, making the pixel art style become popular, many derivatives have copied them, making the pixel art project stand out in the space. So an innovative design art style would make the project stand out brightly from some of the more bland NFTs and become a popular trend and one of the important factors.

Or as Azuki pioneered, in addition to creating the new standard ERC721A to effectively reduce the cost of casting multiple NFTs for Gas, Azuki offers a new whitelist selection mechanism, which is a random selection model dedicated to rewarding real community members who are willing to build projects over time, etc.

4、Market performance

Market performance such as floor price, transaction volume, etc. usually reflects the overall demand and market demand for a project. When the floor price of a project starts to rise, it means that the overall demand for the project is increasing and the market recognition of the project is improving. In the early stages of a project, the floor price usually increases as the project becomes hotter. Therefore, if a project's floor price and transaction volume continue to rise, then the project is usually considered a potentially good project to watch.

Azuki, a premium blue chip, was priced at 1 ETH at launch and almost sold out of supply in about three minutes, and within 6 days of launch, Azuki was among the top 3 OpenSea projects in terms of volume, with a floor price of 3 ETH, over $38.6 million in trading volume, over 4,700 holders, and a current floor price of around 16 ETH. So is Moonbirds, a collection of bird-based PFP NFTs launched by PROOF. The collection went on sale at a high price of 2.5 ETH, and in 3 days Moonbirds market capitalization has surpassed $500 million, with total transactions approaching $300 million and the floor price rising to 18 ETH.

Therefore, NFT investors need to do in-depth research before this, and need to conduct a thorough investigation and analysis of a project's team, product and market outlook in order to make a more informed investment decision. This is where data infrastructures such as NFTScan exist - to provide not only a single piece of data, but to help users understand the NFT ecosystem and market from all angles.

With thousands of transactions occurring in the NFT market every day, NFTScan not only gives users and investors a real-time view of NFT projects on the blockchain, real-time on-chain activity and positions of users, but also allows them to understand the latest performance of the NFT market based on various data dimensions and to be the first to know about NFT.

About NFTScan

NFTScan is the largest NFT infrastructure provider in Asia, currently supporting Ethereum, BNBChain, Polygon, Solana, Avalanche, Arbitrum, Optimism, Aptos, Fantom, Moonbeam, PlatON, Cronos, Gnosis, and more, Gnosis 13 mainstream blockchain networks. In addition to NFTScan.COM multi-chain browser product, NFTScan has a Web3 developer platform, providing professional NFT API data services for developers. Network, imToken, Coin98, RSS3, BitKeep, Kucoin, OneKey, Cobo, Bybit, Enjin, Stepn and other well-known blockchain projects.