The first and most crucial question to ask is, “What is the purpose of this NFT?”The answer will usually fall into one of the following categories:ArtMetaverseGamingEvent/Entry TicketsMusic And MediaTrading Cards/Collectibles
Do some research into the artist or team who created it. What is their track record? If they have had previous successful projects, or are highly coveted in the space, then their next collection will usually attract the same attention.
This is one area that is often overlooked. NFTs look like art, but they are still just digital tokens like cryptocurrencies. By diving into the token’s metric, you can better understand its value and ecosystem.
A simple point, but one that has caught people out. You need to verify that the NFT you are buying is, in fact, part of the collection. Sometimes some copycats mimic real collections and dupe people into buying them cheaply.