If you’re wondering where to find new and upcoming NFT projects, here’s where you might want to start.
While there are many well-known NFT projects such as CryptoPunks or the Bored Apes Yacht Club that can fetch thousands for one NFT, these are aspirational for many.
Instead, some prospective NFT owners turn their attention to newer projects instead.
How To Find New NFT Projects
We’ve compiled a list of some places you may want to check out on your hunt for a new NFT, but first…
Do Your Own Research
DYOR, or Do Your Own Research, is one of the most important terms for prospective crypto holders.
When finding new NFTs, or even searching for places to find new NFTs, you must do your own due diligence in order to avoid scams and/or losing your money. This applies to new NFTs, new NFT games, and new cryptocurrencies.
- Find the asset on an NFT marketplace or tracking website, and assess its floor price, the volume traded and the number of owners.
- If the NFT is linked to a Token, find the Token on CoinGecko/CoinMarketCap. Assess its market cap, trading volume, ATH/ATL, and view its tokenomics.
- Look at the NFT project’s website and social media (Twitter, Discord, Telegram, Reddit etc) for more information.
- Research the team behind the project. Assess their past projects, and whether they are reputable in the NFT Community.
- Find out what individuals outside the project are saying about it – whether through reputable news sites, or social media.
- Be wary of buying into the hype.
With that done, here’s a look at some places to start.
Social media channels, particularly Twitter and Reddit, are among the most active places where new NFT projects share their work organically.
However, it is still important to remain cautious and DYOR. Accounts may be able to artificially inflate their NFT project on social media and will most likely only present them in a positive light.
Nevertheless, social media channels will often provide links to an NFT project’s website or other channels, making it a good starting point.
Users can buy, sell, or trade their assets, on NFT marketplaces, making them one of the easiest places to find new collections.
However, given that OpenSea currently has over 20,000,000 listings at the time of writing, you might need to cut through some of the noise.
Aside from these marketplaces, rarity.tools offers a slightly different option, too. The site features upcoming and recent NFT collections, while also using a benchmark rarity score to assign a rating to all NFT listings.
As with social media channels, some NFT marketplaces will also provide links to an NFT project’s website or community, allowing you to DYOR before investing in an NFT.