What makes an NFT project successful?
Once you understand the vibe, this is when you are ready to invest or even create an NFT. Then you look at the framework:
THE TEAM: Are they “Doxxed”? Meaning are they known, do we know their identities? Do we know their personalities? Do we know their background?Are they committed on the long run to the project? Are there any Legal documentation?
THE PROJECT: Does the project have a Roadmap? Do we have utility? Do we have art? Is there any intrinsic value?
THE COMMUNITY: Do we have a community that is active and working on making the project a success? Do we have a committed group of people? Check Discord, Twitter, Instagram, and Facebook?
THE TECH: Check the Technology, which smart contract are they using, on which network?
THE LEGAL: Check if there is a company, if there are contracts, if there are commitments and lockup periods for the founders. Do they have a trademark, or intellectual property.
1. Founder Agreement
2. IP Assignment agreement
3. Non-Compete — Confidentiality
4. Employment agreements with Lockups linked to KPIs
5. Investment Agreement
5. Public Wallet — Public Repository Agreement
6. Financial Audit — AML — Custodian Agreement
These are the main components you look for in an NFT project. Stay tuned as we dig deeper into NFTs.
See the full story here: https://akylles.medium.com/what-makes-an-nft-project-successful-8a4af939c3f4
