5 Reasons Why You Should Not Start An NFT Project Right Now We're still super early in the NFT space and many people are starting to see the lucrative opportunity before them. People with no business experience are attempting to start their own NFT collections whether it's to fulfil their own dreams and ambitions or for the purpose of making the world a better place. However, despite all the innovation , new ideas or utilities behind these tokens, a ton of projects are miserably failing, leaving their founders in the mud after the devastating loss. The time when stealth launches were common is far behind us, and it's important that founders understand the reality behind starting an NFT collection. The NFT space is no longer what it used to be even a few months ago - it's an extremely fast-moving space and it requires adaptability to keep up. You cannot put together anything and expect to make millions. While this may have been true not long ago, you'll be punish
5 Major Red Flags To Watch Out For In An NFT Collection We're still very early in the NFT space . While there seems to be a lot going on, and many new things happening every day, the reality is that most of the world either doesn't know about NFTs or doesn't want to be a part of it... yet. Thousands of new collections are dropping every month. While a majority don't make it, there are a handful of these projects that turn out to be complete scams/rug pulls. While the NFT market's penetration is still low, it'll become more and more difficult to reach a larger audience if we continue to fall victim to these NFT scams. To continue growing the NFT community , we must start by avoiding all the scams we can, and cleansing the space for those that follow. Here are 5 major red flags to watch out for in an NFT collection. Keeping an eye out for these red flags can help you avoid any potential scam projects. Keep in mind, however, that not all projects with these red fl