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Binance Blog

9 Ways to Discover Upcoming NFT Projects

2023-03-23

Main Takeaways

  • NFTs are often considered one of the leading technologies in the crypto industry, especially within the future of Web3 and the metaverse.

  • Ever wonder how to discover promising, upcoming NFT projects? Here are nine ways to discover and examine new and exciting NFT projects.

The NFT space is developing at a rapid rate. Staying up to date with new project reveals, whitelisting opportunities, and the latest ins and outs can often feel overwhelming for newbies. 

If you're looking for ways to explore the NFT space, identify potentially promising NFT projects, and get deeper into the NFT realm, here's our quick guide to help get you started. While it can be hard to find NFT projects that tickle your fancy, our guide lists some ways you can find and evaluate what’s on offer in the ecosystem.

NFT Project Research

While it might seem obvious, the best place to start your early NFT research is with trusted NFT platforms and a project’s official website. For example, you may track a crypto news network or browse an NFT marketplace. The question remains, however, of whether this project has potential. 

After something has caught your eye, the project's platform/website is a great place to learn more about a new NFT you’ve come across. The site will typically cover essential details like the project's description, backstory, vision, creators, and other valuable information. With the most general advice out of the way, let’s move into some of the specifics when it comes to NFT hunting. 

Explore the NFT Space

Our checklist below can be helpful to refer to when evaluating a newly-found NFT project: 

  • Token distribution system

  • Member benefits

  • Access rights to collection galleries, member-only virtual spaces, etc.

  • Provenance records

  • Project terms and conditions

  • Privacy policy

  • Governance and voting frameworks

  • Links to the project's social media handles and underlying smart contracts

  • Important announcements on tech upgrades, marketplace listings, presales, auctions, etc.

Apart from a project’s main site, you can often find this information or links to it through on-chain explorers like BscScan, NFT tracker websites, and NFT communities on Discord and Telegram. However, always remember that unless you get the information from a primary source, you’ll need to evaluate the source’s reliability.

Top Resources to Find NFTs

1. Binance NFT

Binance NFT's homepage displays the live sales of individual NFTs and popularly traded projects. 

By monitoring the sales activity of a specific project with relevant filters to view the volume, floor price, resale frequency, or the latest sales price, you'll be able to stay on top of the project’s key details and market sentiment.

Users can explore, track, and buy popular NFTs from multiple marketplaces and blockchains – all from the comfort of their Binance account. If the NFT is from another platform, the icon of the source website will appear on the top right corner of the NFT display card. In the future, we’ll continue to integrate more marketplaces and chains into the Binance NFT platform.

The Watchlist feature allows users to add their favorite NFT collections to their personal watchlist from the [Stats] - [Rankings] - [Collections] page. Users can then monitor their own watchlist on both the Homepage and Rankings page after signing into their Binance account.

Binance NFT can also be a great starting point to get into NFT gaming projects through the IGOs run on the platform. GameFi has become a popular segment of the blockchain world and makes great use of NFTs, so it’s also worth checking out for new projects.

2. Twitter

Social media has played a significant role in the growth of NFTs and the NFT market, especially Twitter. Used responsibly, Twitter can be a good place to learn about new NFT projects and follow their development over time. Many NFT projects and their respective web artists share their NFT creations and collections on Twitter. For quick access, you can create Twitter Lists of NFT projects you follow and relevant industry leaders who share about the latest happenings in the market.

You can also find external links, including projects’ official websites, Discord servers, and other relevant information. These external links often include drop or minting schedules, roadmaps, and other project updates. However, always check the validity of any link you click from Twitter or other social media. If there’s an NFT influencer, collector, or creator you’re a fan of, you can follow them on Twitter to stay up-to-date with their creations.

Note, however, that thousands of new NFT projects are out there, and not all of them have a solid and trustworthy team. It’s essential to assess the risks and try to filter out the bad information. Consider doing detailed research before getting involved or taking any financial risks.

Stay tuned to Binance NFT’s Twitter for the latest updates, where we share about upcoming NFT collections launching on the Binance NFT marketplace, as well as exciting promotions that could get you a whitelist spot for upcoming NFT collection pre-mints!

3. Discord

Discord servers can also be an effective means of following an NFT project's journey. There are several NFT-specific communities on Discord that can offer a lot of valuable information – not only from the official project teams but also from community members.

The level of genuine and engaging conversations and activity can be a good indicator of whether an NFT project’s community is thriving. Moreover, NFT projects often use their official Discord servers to share information about drops, whitelists, development updates, and more. Once again, you must still be careful when taking advice from unknown people on the internet.

Join Binance NFT’s Discord to connect with like-minded NFT enthusiasts, share ideas, and stay up–to–date with the latest developments in the industry! Plus, get first dibs on upcoming NFT collections and exclusive Discord-only giveaways to win NFTs or whitelist spots!

4. Rarity sites

Rarity sites are a great tool to evaluate NFT rarity in collections and projects. An NFT's rarity is the primary determinant for its perceived market rate; generally, the higher its rarity, the greater its potential for a good resale value. To find a specific tool for your chain, check out your trusted NFT community for recommendations.

You can use rarity sites to learn more about the rarity of NFT collections, discover rare NFTs, check the rarity of a specific NFT, or snipe potentially underpriced NFTs.

Various rarity tools are available to calculate an NFT's rarity score, ranking it from highest to lowest. Often, these tools are dedicated to a single chain.

Binance NFT offers a range of features that provide users with valuable insights into NFT collections across BNB Smart Chain and Ethereum. One of the most notable features is the rarity data, which is displayed for each NFT in the marketplace.

On each NFT collection page, users can use the filter to sort the NFTs by rarity. This data includes information such as the total number of NFTs from a collection in circulation, the number of owners on an NFT collection page, and the rarity percentage for each trait.

5. NFT tracking and analytics tools

Online NFT tracking and analytic tools allow you to find and evaluate NFT projects more easily. For example, these tools can show you real-time mints, the hottest collections, market patterns, and price-related details to help you along your NFT journey. Additionally, they can help users time their entries and exits better based on whale wallet activities, sale trends, price charts, token rarity, and other metrics.

Binance NFT also provides users access to powerful analytics tools that allow them to track the performance of NFTs over time across multiple marketplaces and chains. Check out the Binance NFT Ranking page to learn about current NFT rankings, recent activities, and more. To dive deeper, click on an NFT collection page to check the historical price data and charts. You can also head to an NFT Detail page to view the price history of a specific NFT you’re interested in. Gain insights into key metrics such as trading volume, price history, and floor price.

6. NFT calendars

NFT calendars showcase the newest, past, ongoing, and upcoming NFT drops. You can find many of them via a simple Google search or by hanging out in NFT communities like those mentioned above. NFT calendars can be helpful when it comes to finding  NFT projects early on. NFT drops from reputable and branded artists, influencers, and celebrities are generally more sought after and may have greater long-term potential than unknown artists.

7. NFT Alpha groups

NFT Alpha groups are private groups (often Discord servers) offering exclusive information on the NFT world. They help members connect, gather information on NFT projects and whitelist opportunities, and stay updated on the latest developments in the NFT industry.

An alpha group can be closed or public. Users can often join a public group first to gain a deeper understanding of its value before paying for access or an exclusive token to join a closed group. Be vigilant, however, of any group or individual offering you access to “tips or exclusive information” for a fee.

8. Newsletters

A great way to learn about upcoming NFT drops and the latest insights into the NFT industry is by signing up for newsletters by NFT influencers and NFT media sites.

These regular newsletters can help you stay informed and potentially gain early access to new projects. Additionally, these newsletters can provide analysis and commentary on the NFT market, which may help you make more informed decisions. 

9. Events & Conferences 

Attending NFT events and conferences is another way to learn about the latest developments and projects in the world of NFTs. These events provide opportunities to form real-life connections with like-minded people and possibly create your own alpha groups with friends.

Conclusion

If you’re considering getting into NFTs, doing solid and extensive research is essential. We’re not just talking about Googling here, either! A solid list of metrics like the one mentioned above and a range of tools to help you is the minimum you should be using. Research, tools, and gained knowledge will help you manage risk as efficiently as possible and ultimately work to keep you safe. Your intuition can be your greatest tool, so be sure to use it at the NFT level. 

Enter the world of NFTs

Browse unique and exclusive NFT collections on Binance NFT – a marketplace where artists, creators, and blockchain enthusiasts come together to mint and trade premium NFTs. Want to stay in the loop and receive updates on our weekly IGO drops and exclusive Mystery Box releases? Follow Binance NFT on Twitter and Telegram.

Further Reading

Disclaimer: Please note Binance is not recommending, vetting, or endorsing any third-party platform, research tool, or NFT project. Always do your own research – you are solely responsible for your investment decisions. Your use of any third-party platform or research tool is at your own risk.