The NFT market is highly dynamic, and opportunities come and go quickly. It is crucial for participants in the market to stay updated with the latest information. Being informed about the market's primary information is vital for NFT participants. Therefore, market participants must closely monitor various channels and strive to acquire firsthand NFT information. This is crucial for seizing opportunities and maximizing profits. Falling behind in information can result in losing the initiative and missing out on early advantages.<ul><li>For investors, having access to firsthand information about NFTs allows them to discover valuable projects at an early stage and analyze or purchase them before they are released or minted, thus potentially earning higher returns. Additionally, having access to this primary information helps investors identify new opportunities and identify market trends, enabling them to participate earlier and faster in assets that are poised for significant growth. In this highly competitive market, gaining an informational advantage is crucial to achieving above-average profits.</li><li>For project founders, having access to firsthand information can help them better understand market demand and make timely adjustments to their project's direction and strategy to meet market needs. Additionally, by being aware of primary market information, project founders can effectively communicate with investors, establish strong community relationships, enhance project visibility and credibility, and ultimately foster project growth. Failing to perceive market changes in a timely manner can easily lead to a disconnect between the product and market demand, resulting in missed opportunities.</li></ul>The level of minting activity serves as one of the indicators of a project's initial value and potential for explosive growth. The success or failure of minting represents the market's interest and recognition of the project. If a project achieves high sales during the minting phase, it indicates strong alignment with the current market and suggests the potential for continued activity in subsequent trading. This provides favorable conditions for the project's future development.To discover and seize firsthand information and investment opportunities in the NFT market, NFTScan can be particularly helpful. NFTScan offers a useful feature called "Minting Leaderboard", which allows users to track real-time progress and sales of different NFT projects during their minting phases. Users can find out which projects have recently launched or announced minting activities and anticipate the release of new NFT assets. They can then access the corresponding data through the NFTScan Minting Leaderboard at the appropriate time.Then, further research these projects to assess their potential value and market popularity, in order to choose the Minting activities that align with one's interests. By analyzing data on the website, such as the launch status of new projects and the current most popular ones, we can gain insights into the upcoming trends and opportunities.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/5c5901b1146844ba8a9e4a2e95b38507.png">For example, if a well-known NFT project announces the launch of a New Series and starts minting, it will be showcased in real-time on the Minting Leaderboard of NFTScan. This is likely to become a focal point and hot topic in the market. Many users will follow the minting process of this project and rush to purchase NFTs to acquire first-hand assets. If a user is also interested in this project, by using NFTScan, they can discover this minting news in real-time and quickly take action to participate in the purchase. This provides an opportunity to join others in enjoying the price appreciation benefits of this particular project.NFTScan provides real-time NFT minting data and rankings for time intervals ranging from 15 minutes to 1 day. It offers a clear overview of which projects are being heavily minted during the selected time frame. These projects, characterized by high minting activity as new releases, have the potential to become hidden gems among the myriad of projects. By intuitively displaying the objective trends in the current NFT market and reflecting the popularity rankings, NFTScan offers users and investors real-time data to make informed decisions.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/1c1d31d9e60c49ff98966a886c7f9972.png">Certainly, in the mixed market, there are some projects that are purely speculative and aim for short-term gains and hype, commonly known as "rug pulls". Their trading volumes do not necessarily reflect the actual value of the projects. Additionally, the initial sales volume during the minting phase of an NFT project may not fully reflect its future potential. Even if a project has a high number of mints, it does not guarantee its success and future growth. Simply chasing the minting sales rankings of a particular project can lead to erroneous judgments due to a lack of a holistic perspective. It is important to evaluate the project's innovation, team strength, community influence, and consider the overall state of the NFT market through comprehensive analysis. Project founders also need to have a clear plan and long-term strategy to gain market recognition and user trust.1. Team BackgroundUnderstanding the background and experience of the project team is one of the important factors to consider when assessing an NFT project. Success often goes hand in hand with the team behind it. An experienced team is better equipped to navigate market changes and risks, thereby increasing the project's chances of success.<ol><li>The team members' professional backgrounds and skills are crucial factors to consider. It is important to assess whether the team possesses the necessary expertise in relevant fields that align with the project's objectives. Their skills and knowledge should be aligned with the project's requirements.</li><li>The team's track record of past successes and achievements is an indicator of their ability to execute and deliver results. Evaluating their previous accomplishments can provide insights into their capabilities and increase confidence in their ability to drive the project forward.</li><li>Understanding the team's reputation and reviews within the industry can help assess their competence and reliability. Positive feedback from reputable sources or industry experts can lend credibility to the team's capabilities and increase confidence in their ability to deliver on their promises.</li><li>Strong social media presence and community support are valuable assets for a project. Active engagement and a positive reputation within the community can indicate a supportive user base and increase the project's visibility and chances of success.</li><li>A clear and well-defined plan, accompanied by a roadmap that outlines key milestones, is essential. Assessing whether the team has a solid roadmap and has demonstrated the ability to adhere to timelines and deliver on their commitments is crucial for evaluating their organizational skills and execution capabilities.</li></ol>2、Community"Good projects rely on community engagement." An active community usually provides strong support and interaction, attracting more investors and collectors. You can check the project's social media platforms such as Twitter, Discord, Telegram, and other channels to understand the level of community engagement and activity, as well as the number of community members and its growth trend. If the project's community exhibits high activity, a large number of members, high loyalty, and strong engagement, it is generally considered more popular and likely to have greater development potential.3. Project FeaturesA successful project always has its unique characteristics. For example, CryptoPunks, as an OG NFT project, gained popularity for its distinctive pixel art style, which made pixel art trendy and inspired many derivative projects. Innovative design styles allow a project to stand out from more ordinary NFTs, become a popular trend, and become one of the important factors for success.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/ae0e609e502d4a378cb9b9e92e181794.png">Alternatively, take Azuki as an example. Apart from creating the innovative ERC721A standard to reduce the gas costs of minting multiple NFTs, Azuki introduces a new whitelist filtering mechanism. This mechanism employs a random selection process and aims to reward genuine community members who are committed to long-term project development, among other things.4. Market PerformanceMarket performance, such as floor price and trading volume, often reflects the overall demand and market interest in a project. When the floor price of a project starts to rise, it indicates an increasing demand for the project and a growing market recognition. During the early stages of a project, the floor price typically increases as the project gains popularity. Therefore, if a project's floor price and trading volume consistently rise, it is generally considered a potentially promising project worth paying attention to.Azuki, a high-quality blue-chip project, was priced at 1 ETH during its initial sale and sold out almost entirely within approximately three minutes. Within less than six days of its launch, Azuki's trading volume ranked among the top three on OpenSea. The floor price quickly rose to 3 ETH, with a total trading volume exceeding $38.6 million. The project attracted over 4,700 holders, and currently, the floor price has reached around 16 ETH. Moonbirds, another example, is a collection of PFP (Profile Picture) NFTs featuring bird-themed images launched by PROOF. The series was officially released at a high price of 2.5 ETH. Within three days, Moonbirds' market capitalization surpassed $500 million, with a total trading volume nearing $300 million. The floor price has risen to 18 ETH.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/c313a60f78e9409dbc3ea85dd947582c.png">Therefore, NFT investors need to conduct thorough research and analysis on the team, product, and market prospects of a project before making investment decisions, in order to make wiser investment choices. This is also the significance of data infrastructures like NFTScan - not only providing singular data but also helping users gain a comprehensive understanding of the NFT ecosystem and market.NFTScan allows users and investors to stay updated with real-time information about NFT projects, on-chain activities of users, and their holdings on the blockchain. With its ability to provide insights into various data dimensions, NFTScan enables users to understand the latest performance of the NFT market and stay informed about NFT information in real time. This is particularly valuable considering the thousands of transactions occurring daily in the NFT market.<h3 id="strong-about-nftscan-strong">About NFTScan</h3>NFTScan is the world’s largest NFT data infrastructure, including a professional NFT explorer and NFT developer platform, supporting the complete amount of NFT data for 14 blockchains including Ethereum, Solana, BNBChain, Arbitrum, Optimism, and other major networks, providing NFT API for developers on various blockchains.Official Links:NFTScan: https://nftscan.com/Developer: https://developer.nftscan.com/Twitter: https://twitter.com/nftscan_comDiscord: https://discord.gg/nftscan

Analysis | Using NFTScan to Capture NFT Investment Trend First

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