Choosing the right NFT to invest in on smartBCH network

There are a lot of NFT projects currently running on the smartBCH network, and many more coming on in the near future. Only a few of the available NFT projects have lived up to expectations, while most failed due to a combination of poor marketing, lack of use cases, and a low community of users. These failures are a major barrier for people to take full advantage of NFT, and it is difficult for most people coming into the smartBCH communities to decide which projects they should support.

Anyone who comes into the smartBCH community does so for the purpose of making a profit from their investment. Whether investing in a token or art collection like NFT the goal remain the same. It's therefore important to invest in a project that achieves a profit for the investor without a feeling of being exploited. When deciding if an NFT project will be profitable, you need to look at how the project has been marketed, and if the viability of the project and the NFT they are selling is considered high by the community.

There are a few things you must look into before delving into a project, and trying to get involved. It is of necessity to follow in the steps of those who are successful in the NFT business.

1. Consider the history of the project, if they have been successful in any other blockchain networks and now coming on the smartBCH network, such projects have a high probability of having a great return for investors. On the other hand, if the project has not been successful elsewhere, and as a result of the hype, might be overpriced on the smartBCH blockchain.

In most cases, there is a lack of proof that they are working on solid features for the smartBCH network, and many of them do not have a working demo for their token or project.

2. Look at the overall NFT technology itself, do they have a clear use case that people are using the token for? If not, or the use case is not clear, the project is likely to fail in the long run or be abandoned as soon the owner makes money from investors. If the team is working on a sound project, one with a set and defined use case that the community believes in and would benefit from, then the project has a high probability of success. Even if the team is not perfect, or there are reasons why their NFT use case isn't working yet, they will be in a position to improve upon the model and attract more users by marketing the new features to the community.

3. If the team is interested in a solid community of early adopters and supporters to grow their network, and they provide clear and unambiguous answers to the technical questions asked by its community then it is likely that the project will be taken seriously. By providing answers to these technical questions and remaining transparent to the community there is a greater chance that the project will not lose its support base.

If a team lacks transparency, or only shows how they believe they will solve a problem, but don't really have solid solutions for it, then the risk of the project failure is very high. If a project isn't willing to provide answers and be transparent with the community, then such a project is not worth investing in.

4. One major issue that usually reduces community participation in NFT projects is the wording of the NFT whitepaper. and a poor roadmap. If the project roadmap is not well defined and full of vague promises then there is a good chance that this will lead to frustration and confusion among the investors. This will have a negative effect on the project's success. If the roadmap is great and clearly states when the development team expects to complete their development goals and give the NFT use case then this will give confidence to the community that they are following through with what they say, and one may buy into the project even before its use cases are released.

This is a great place to start for anyone looking to invest in an NFT project with the possibility of a high return in the near future. Of course, there are always cases that are difficult to predict and one should be careful to ensure they research fully before diving in with their wallet.

In summary, it is important to remember that an investment in an NFT is a high-risk gamble. It is important to educate oneself about the project before investing and think about the value one is putting in terms of the investment amount the project is asking for. If the value is high enough and/or the NFT is far into development, then it may have a high risk, but a good potential reward