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NFTs 101
  • ⭐NFTs 101 - Introduction
  • 🥳Getting started with NFTs
  • 🌊Solana
  • 💰Wallet & Safety
    • Types of Wallets
    • Wallet Safety
  • 📋Evaluating NFT Projects
    • Key Factors
      • Artwork
      • Team
      • Utility/Roadmap
      • Marketing
      • Community Development
      • Overall Framework
    • Know Thyself
  • 🚀New Launches
  • 📈Secondary Trading
    • Types of Contracts
    • Key Collection Trading Metrics
    • Selecting which NFT to Buy
  • 🌎Discovering the NFT Space
    • Staking
    • Lending
    • Raffles
    • Giveaways
    • Events
    • News
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  1. Evaluating NFT Projects
  2. Key Factors

Community Development

In most cases, the success of a project heavily relies on the community that it has built, and hence it is crucial to evaluate the project’s efforts and effectiveness in community development.

The first indicator is usually the number of Twitter followers and Discord members, but be wary of being too reliant on these numbers as bots are rampant these days, especially if the project runs giveaways and invite contests very regularly. A more conservative metric is typically their Discord’s “Online Members”. Another good way to get a feel of engagement is to scroll through a project’s Tweets and Discord announcements and see the amount of reactions/interactions with them.

Other than numbers, it is important to know if there are dedicated Twitter Managers and Discord moderators who are fully focused on building the community, and how they are interacting with the community and newcomers.

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Last updated 2 years ago

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