Hello HODLers!

2021 was the year of the NFT boom. The market has exploded and Non Fungible Tokens have become a real cultural phenomenon. This is partly thanks to the interest of celebrities from the world of entertainment who show off their NFTs on social media and who are willing to buy works of art on blockchain at exorbitant prices.

Now that the hype seems to have deflated a bit it is finally possible to buy NFTs at a price that is not the all-time high, but not all NFTs will have a high value in the future. For this reason it is always essential to study, acquire as many skills as possible and above all know how to correctly evaluate an NFT.
So I decided to share with you some suggestions for those who are approaching the NFT sector now and which in the past have been very useful for me to correctly evaluate an NFT.

Which NFT to buy? The 4 fundamental questions to ask yourself
The answers are often to be found in the pages and sites that present the project and in their official communication channels, keep in mind that the NFT community moves mainly on Twitter.

1. Who created the collection?
First of all, pay attention to who is behind the various projects that offer non-fungible tokens. NFTs can be proposed by individual artists directly on the most famous marketplaces, by artistic collectives, by brands or by charities. The fundamental thing is to ask yourself about the seriousness and mission of those who sell NFTs, your money will go to them and it is fair to ask yourself if they will be safe.
If you are intrigued by a drop of NFT (or a launch event of a new collection) pay attention to the growth and development objectives that the creators of those NFTs have set. Will the creators be able to enhance the work? How are they going to release the tokens to the market? What is their strategy?

2. What kind of NFT is it?
Answering the 'what' means getting a clear idea of ​​the product you intend to buy. What kind of NFT is it? Dynamic, PFP, collectible? What does the work consist of? What is the artist's identity? But also, imagining to resell it, which potential market or public is the non-fungible token aimed at?

3. How and where do you buy this NFT?
The "how" illustrates the NFT purchase process. The steps must be described in a simple and transparent way, without the use of vague or ambiguous language. This is crucial to further establish the reliability of the seller. Before buying NFT, make sure that the latter and the marketplace are reliable.

4. What does the value of the NFT consist of?
The value of an NFT can be measured on the basis of various parameters such as the aesthetics, usefulness, prestige or rarity of the work. Non-fungible tokens are not all the same, it may be useful to ask what the idea behind a collection was, because a particular project is worthy of being purchased compared to others, such as its fundamental characteristics.

Final remarks
Once you have the answers to these preliminary questions, there are other questions to address in order to inquire about which NFT to buy. If you are planning to buy an NFT for future economic returns, you may wonder if the token in question is capable of maintaining or gaining prestige over the long term. It is not easy to assess this aspect, however, from this perspective, the solidity of the project, the presence of a roadmap and the harmony of the reference community can be considered. For example, the Bored Ape Yacht Club has created an entire ecosystem (from a Metaverse to a native token, ApeCoin) around its NFT collection, precisely for this reason the cult of its works is growing more and more.
I hope this short guide will be useful for community members to properly evaluate an NFT!

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