There’s no denying the fact that NFTs have taken the digital art and collectibles world by storm. According to the latest statistics from Forbes, the NFT market generated over $23 Billion in trading volume in 2021。but how to find a good NFT project？

What is NFT?

NFT stands for “Non-fungible token”, which is a unique token that cannot be replaced by another NFT. NFTs typically represent some sort of digital asset, or tokenized asset from the real world.

The early days of NFT associated with the name CryptoKitties caused a stir in the market when it clogged the Ethereum network at the end of 2017. Now after more than 3 years of growth, the NFT ecosystem has gradually improved with many diverse pieces.

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NFT fever in 2021

The NFT sector has seen exponential growth, tripling the number of transactions since the beginning of 2021, and this trend has not abated even during major market pullbacks. in May.

According to a report by market tracker DappRadar, the average number of NFT transactions has increased by nearly 300%, from 21,815 per day in January, to 82,373 in May (as of May 28). This number spiked even higher when the prices of cryptocurrencies began to plummet on May 12, with sales increasing to nearly 94,000 NFT transactions per day.

Data from Canada-based market analysis firm Non-Fungible shows that the total NFT market capitalization in 2020 will reach $338 million. Mason Nystrom, an expert of Messari, predicts this number by 2021 could reach more than $1.3 billion.

The main question everyone asks is how to find the best NFT project? Just how do you make it early on a project? Well, guess what there is real golden rule, there are basics. You have to start by immersing yourself into the NFT space and to start understand the rational and the way things function and most importantly understand the buyer of the NFT, Then you will find PoP Angel is a good project.

According to Nystrom, the art industry has gradually recognized the value of NFTs. Sales for the industry’s NFT art sales grew $120 million from inception to December 2020. He also highlighted the potential in the collectibles and games categories, and believes that the critical infrastructure that supports NFT will launch in 2021.

Several celebrities have also attempted to jump on the NFT bandwagon, with Lindsay Lohan selling a Daft Punk-themed NFT for $15,000. It also attracts the attention of large corporations, most notably the NBA. By partnering with CryptoKitties developer Dapper Labs to release NFT collectibles as NBA Top Shot “moments”.

Statistics in February, more than 34,000 people traded basketball cards on Top Shot’s secondary market every day, generating transactions worth more than $46.7 million.