In this first module, we'll dive into what NFTs are, where they came from, what they can be used for and what could be coming next
WHAT IS AN NFT?
BRIEF HISTORY OF NFT’s
USE CASES OF NFT’s
THE FUTURE OF NFT’s
WALLETS & STORING NFT’s
In this module you will learn about the most important tool you'll need in your journey: your wallet!
WHAT IS A WALLET?
METAMASK Vs LEDGER
SETTING UP METAMASK
REVOKING PERMISSIONS
NAVIGATING THE NFT ECOSYSTEM
When looking into an NFT project, it's essential to conduct thorough due diligence to ensure that you're making an informed investment decision. Here are some of the key factors you should consider:
The Team:
One of the most important aspects to research when looking into an NFT project is the team behind it. You should research the background and experience of the core team members to determine if they have the necessary expertise to execute the project successfully. Look for their previous projects, their roles in those projects, and their previous experience in the relevant industry. You should also check if the team has any advisors or partners that can bring value to the project.
The Community:
Another essential factor to consider is the community around the NFT project. A vibrant and active community can drive awareness, adoption, and value of the project. Look for the size and activity level of the community on social media channels such as Twitter, Telegram, Discord, Reddit, and other relevant platforms. You can also check the engagement level, sentiment, and feedback on the project's social media pages to gauge how supportive the community is.
The Roadmap:
The project roadmap is a critical component of the NFT project. It outlines the project's vision, goals, and milestones, which gives you an understanding of the project's direction and its potential for growth. Look for a detailed roadmap that outlines specific timelines, goals, and objectives for the project's development, launch, and future plans. Ensure that the project's goals are achievable and realistic, and that the team has a plan for executing them.
The Tokenomics:
The tokenomics of the NFT project is another essential aspect to consider. Tokenomics refers to the economic design of the project, including the token supply, distribution, utility, and governance. Look for information on the token's total supply, token distribution, and the distribution mechanism. Ensure that the token has a clear utility and use case within the project, and that it's not just a speculative asset. Also, look for information on the governance mechanism, as it will determine how the project is managed and developed over time.
The Technology:
Finally, you should evaluate the technology behind the NFT project. Look for information on the technology stack, the development team's experience and expertise, and the security measures in place. Ensure that the project has a robust and secure infrastructure and that it's scalable enough to handle large volumes of transactions and users.
In conclusion, doing thorough due diligence when researching an NFT project is critical to making informed investment decisions. By evaluating the team, community, roadmap, tokenomics, and technology, you can assess the project's potential and minimize risks
BUYING, SELLING & TRADING NFT’s
STAYING UP TO DATE
RESEARCHING INTO PROJECTS
USEFUL LINKS
USEFUL TERMINOLOGY
STAYING SAFE
The module will cover the common scams and ways to avoid them.
Just remember - that when it comes to NFTS - the "it will never happen to me" mentality is fast road to learning the hard way
