The main point
NFTs are often considered one of the leading technologies in the crypto industry, especially in the future of Web3 and the metaverse.
Have you ever wanted to know how to find promising and upcoming NFT projects? Here are nine ways to discover and check out new and interesting NFT projects.
The NFT field is growing rapidly. Chasing the latest information regarding new project reveals, whitelist opportunities, and the latest ins and outs can often feel overwhelming for newbies.
If you're looking for a way to explore the NFT space, identify potentially promising NFT projects, and dive deeper into the NFT space, here's our quick guide to help you get started. While it may be difficult to find an NFT project that interests you, our guide lists several ways to discover and evaluate what is on offer in the ecosystem.
NFT Project Research
While it goes without saying, the best place to start your initial NFT research is with a trusted NFT platform and the project's official website. For example, you can track crypto news networks or explore the NFT market. However, the question remains whether this project has potential.
Once something catches your eye, the project's platform/website is a great place to learn more about the new NFT you come across. These sites usually include important details such as project description, backstory, vision, creator, and other valuable information. With the most general advice out of the way, let's move on to some specifics regarding NFT hunting.
Explore the NFT Field
Our checklist below can serve as a helpful reference when evaluating newly discovered NFT projects:
Token distribution system
Member benefits
Access rights to collection galleries, members-only virtual spaces, etc.
Source notes
Project terms and conditions
Privacy policy
Governance and voting framework
Links to the project's social media usernames and underlying smart contracts
Important announcements about technology upgrades, marketplace listings, presales, auctions, etc.
Apart from the project's main site, you can often find this information or links to it via on-chain explorers such as BscScan, NFT tracker websites, and NFT communities on Discord and Telegram. However, always remember that unless you are getting your information from a primary source, you should evaluate the reliability of that source.
Top Resources for Finding NFTs
1. Binance NFT
The Binance NFT homepage displays live sales of individual NFTs and popularly traded projects.
By monitoring the sales activity of a particular project with relevant filters to view volume, minimum price, resale frequency or recent sales price, you will be able to find out key project details and market sentiment.
Users can explore, track, and purchase popular NFTs from various marketplaces and blockchains – all directly from their Binance account. If the NFT comes from another platform, the source website icon will appear in the top right corner of the NFT display card. In the future, we will 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 [Statistics] - [Rating] - [Collection] pages. Users can then monitor their own watchlists on the Home and Ranking pages after logging into their Binance account.
Binance NFT could also be a great starting point to get into NFT gaming projects via IGOs run on the platform. GameFi has become a popular segment in the blockchain world and is making good use of NFTs, so the new project is also worth a look.
2. Twitter
Social media has played an important role in the growth of NFTs and the NFT market, especially Twitter. If used responsibly, Twitter can be a great place to learn about new NFT projects and follow their development over time. Many NFT projects and related web artists share their NFT creations and collections on Twitter. For quick access, you can create a Twitter List of NFT projects you follow and related industry leaders who share about the latest in the market.
You can also find external links, including the project's official website, Discord server, and other relevant information. These external links often include drop or print schedules, roadmaps, and other project updates. However, always check the validity of any link you click on from Twitter or other social media. If there's an NFT influencer, collector, or content creator you like, you can follow them on Twitter to stay up to date on their creations.
However, note that there are thousands of new NFT projects. Not all of them have a solid and trustworthy team. It's important to assess risks and try to filter out bad information. Consider conducting detailed research before engaging or taking any financial risks.
Stay tuned to the Binance NFT Twitter for the latest updates, where we share about the launch of upcoming NFT collections on the Binance NFT marketplace, as well as exciting promotions that could earn you a whitelist spot for the pre-mint of upcoming NFT collections!
3. Discord
Discord servers can also be an effective way to follow the journey of an NFT project. There are several NFT-specific communities on Discord that can offer a lot of valuable information – not only from the official project team but also from community members.
The level of genuine and engaging conversation and activity can be a good indicator of the development of an NFT project community. Additionally, NFT projects often use their official Discord servers to share information about drops, whitelists, development updates, and more. Once again, you should remain careful when taking advice from strangers on the internet.
Join the Binance NFT Discord to connect with like-minded NFT enthusiasts, share ideas, and stay up to date on 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. Scarcity sites
Scarcity sites are great tools for evaluating the rarity of NFTs in collections and projects. NFT rarity is a key determinant for indicated market levels. Generally, the higher the rarity, the greater the potential for good resale value. To find specific tools for your chain, check out the recommendations of trusted NFT communities.
You can use rarity sites to learn more about the rarity of NFT collections, find rare NFTs, check the rarity of specific NFTs, or snip potentially undervalued NFTs.
Various rarity tools are available to calculate NFT rarity scores, ranking them from highest to lowest. This tool is often dedicated to a single chain.
Binance NFT offers a variety of features that give users valuable insight into NFT collections across BNB Smart Chain and Ethereum. One of the most prominent features is the rarity data displayed for each NFT on the marketplace.
On each NFT collection page, users can use filters to sort NFTs by rarity. This data includes information such as the total number of NFTs from the collection in circulation, the number of owners on the NFT collection page, and the rarity percentage for each trait.
5. NFT tracking and analysis tools
Online NFT tracking and analysis tools allow you to find and evaluate NFT projects more easily. For example, the tool can show real-time minting, popular collections, market patterns, and price-related details to help you along your NFT journey. Additionally, the tool can help users better time their entries and exits based on whale wallet activity, sales trends, price charts, token scarcity, and other metrics.
Binance NFT also gives its users access to advanced analytics tools that allow them to track NFT performance over time across various marketplaces and chains. Check out the Binance NFT Rankings page to learn about current NFT rankings, recent activity, and more. To dive deeper, click on the NFT collections page to view historical price data and charts. You can also visit the NFT Details page to view the price history of the specific NFT of interest. Gain insight into key metrics, such as trading volume, price history and price bottom.
6. Calendar NFT
The NFT Calendar displays recent, past, ongoing, and upcoming NFT drops. You can find most of them simply through a Google search or by socializing in NFT communities like the ones mentioned above. The NFT calendar can help in finding NFT projects early. NFT drops from well-known and branded artists, influencers and celebrities are generally more sought after and may have greater long-term potential than unknown artists.
7. Group NFT Alpha
NFT Alpha groups are private groups (often Discord servers) that offer exclusive information about the world of NFTs. The group helps members connect, gather information about NFT projects and whitelist opportunities, and stay up to date on the latest developments in the NFT industry.
Alpha groups can be closed or public. Users can often join public groups first to gain a deeper understanding of their value before paying for access or exclusive tokens to join closed groups. However, be wary of any groups or individuals that offer you access to “exclusive tips or information” for a fee.
8. Bulletin
A great way to learn about upcoming NFT drops and the latest insights into the NFT industry is to sign up for newsletters from NFT influencers and NFT media sites.
This regular newsletter can help you stay informed and potentially get early access to new projects. Additionally, this newsletter may provide analysis and commentary on the NFT market that can 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 NFT world. This event provides an opportunity to form real-life connections with like-minded people and perhaps create your own alpha group of friends.
Conclusion
If you are considering getting into NFTs, conducting solid and extensive research is essential. We're not just talking about Googling here either! A solid list of metrics like those mentioned above and a variety of tools to help you are some of the basics to use. The research, tools and knowledge gained will help you manage risk as efficiently as possible and ultimately work to keep you safe. Your intuition can be your greatest tool, so make sure to use it at the NFT level.
Enter the world of NFTs
Explore unique and exclusive NFT collections on Binance NFT – a marketplace where blockchain artists, creators and fans come together to mint and trade premium NFTs. Want to stay up to date and receive updates on our weekly IGO drops and exclusive Mystery Box releases? Follow Binance NFT on Twitter and Telegram.
Further Reading
(Blog) How to Do Your Own Research (DYOR) on NFT Projects
(Blog) NFT 101: How to Spot Fake NFT Collectibles
(Blog) Everything About the NFT Whitelist and How to Enter the Whitelist in 3 Easy Steps
(Blog) Metrics To Drive Your NFT Buying and Selling Strategy
(Blog) 6 Key Indicators for NFT Collectors in Evaluating NFT Projects
(Blog) 10 Reasons You Should Trade NFTs on Binance NFT
Disclaimer: Please note that Binance does not recommend, vet or endorse any third-party platforms, research tools or NFT projects. Always do your own research – you are solely responsible for your investment decisions. Your use of any third-party research platform or tool is at your own risk.