Non-fungible tokens (NFTs) are blockchain-based digital assets/collectibles that can be freely traded. NFTs can be purchased on various blockchains, including Ethereum, and have grown in popularity in recent years. The Bored Ape Yacht Club, for example, is one of the most popular collections and has been bought and sold for millions of dollars. But with several new NFT initiatives on the market, it’s often not easy to discern which ones are worthwhile.

Scammers, unethical project creators, and low-effort initiatives to defraud unsuspecting collectors flock to the NFT marketplace. Keep in mind that NFTs are always innovating, from branding to the use of cases. As a result, finding a solid NFT project that fits your budget and goals might be challenging. Fortunately, you can always identify the best projects to put your money on if you take the time to research and consult with experienced industry experts.

Lucky NFT, one of the fast-growing NFT projects, is not only known as one of the top communities but also as an educative platform where newbies can learn more about the trade. According to the Lucky NFT team, identifying if a project is real and viable should be the one task on your to-do list. Before investing in any NFT project, spend a significant amount of time connecting with the community to establish its depth and significance.

Joining the project's social platforms, such as Discord, can be an excellent way to see if the community is thriving. A healthy and vibrant NFT project is known for its engaging community, indicating a more extensive collector base. Joining these social platforms and channels will give you a greater understanding of the project's operations, allowing you to decide whether it's worth the gamble.

Lucky NFT also advises its members always to double-check the founders' credibility. You can easily ascertain this by looking at their previous works. According to the Lucky NFT team, credible NFT developers often work in groups and have likely produced previous initiatives. Investigate these initiatives to see how successful they are. Do they have a large fan base from past projects? Do they still have a good name in the market?

Most crucially, put your money into projects whose back founders can deliver, even if they've made a fortune in past ventures. Lucky NFT emphasizes that you're putting your money into people who are responsible for the NFT project's success. You can rely on their expertise to keep things on track in the face of market volatility. Also, a worthy NFT project should contain a platform that allows you to do more than just collect NFTs. Purchasing a specific item, for example, should get you exclusive admission to a specific NFT club. Staking and early access to Web3 technology and other virtual and physical industry events are other levels of value that indicate a solid NFT initiative.

Lastly, inquire about the types of rare and precious NFTs used in a project undertaken at a reduced cost. This is very important, especially when the project has the potential to increase in value in the future. Projects that do not make their launch date and pricing public are probably shady.