Why NFT projects fail

NFT District argues that the decisive factor determining the “value” of an NFT is the amount of hype that surrounds it. Successful projects are clear about what the product is, and disrupt norms in a noticeable way.

Exclusivity, aka rarity, is also a key factor. Importantly, investors invest in a NFT because they feel confident about the production team.

Inversely, to avoid being a victim, investors should consider the realism of the team’s roadmap.

A sign of a bad project is an inflated community and artificially high numbers. You should always pay attention to the quality and status of the Influencers who promote and mention the project.

Finally, the distribution of tokens among the community is a critical indicator of the project’s long term prospects.