How to join an actively growing NFT community and make prudent investments, if you are a newbie in this field? Well, first of all, it is necessary to remember that you are not the one who is not knowledgeable about the topic, so, feel free to ask as many questions as possible. In addition, the best solution would be to learn the basics of the business, namely, to understand how to choose and where to buy NFT artwork.
There are only two main factors you should consider when selecting and buying NFT:
- · Your preferences
- · Info about an artwork
The point is that investing in NFT artworks is essentially no different from investing in traditional art and collecting. So, the best way not to make yourself regret the purchase in the future is to buy only those pieces of art, which resonate with you.
Info about an Artwork
Of course, only interest in the artwork is not enough for an immediate purchase because you have to ensure your safety as a minimum and a profitable investment as a maximum.
Before deciding to buy an NFT, you should do your own research on the following 4 items:
- Creator. In the NFT industry, the personality, reputation, and experience of the creator are very important. The creator’s backstory can either raise the product in price or lower it.
- Product. To check the product value you need to check the metadata of a token on the token’s smart contract or on the marketplace.
- Community. Communicate with NFT creators, investors, sellers, and experts to fully integrate into a new area and find out as many details as possible.
- Project. Study the branding and goals of the product.
It would also be reasonable to remember the gold investment rule – invest only what you can lose.