# Framework to Analyze NFT Projects

By [Beardstown Ladies](https://paragraph.com/@beardstownladies) · 2022-07-22

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I ruptured my Achilles in the early summer of ‘22, so I decided that I wanted to be an NFT trader with the extra spare time I have now. To not be a complete degen aping into projects, I attempted to create a more systematic — yet simple — diligence process. I came across a helpful Bankless article by William M. Peaster that gave me the general skeleton of the template, which I then customized. The source of the original article is below. In the following, I provide an example of a qualitative analysis that I initiated on The Possessed. Ostensibly, the template is a tad basic, but going through the mental gymnastics will hopefully keep me disciplined and I plan to continue to iterate on this. Perhaps eventually, the future iterations will be more quantitative. Feel free to reach out if you found this useful. I am friendly :)

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![](https://storage.googleapis.com/papyrus_images/8ea3856c166ce185e2f65a19d5af8a7e20f27cf5ad7e4ec85d6d2299fe0ae38c.png)

Project Name: The Possessed Date of Analysis: July 9, 2022 Website: [https://pssssd.xyz/](https://pssssd.xyz/) Twitter: [https://twitter.com/ThePossessedNFT](https://twitter.com/ThePossessedNFT) IG: [https://www.instagram.com/ThePossessedNFT/](https://www.instagram.com/ThePossessedNFT/) Category: PFP Collection

**Executive Recommendation**: Overall solid project with experienced creators that founded businesses in the meatspace. The founders appear to be very thoughtful. For example, they designed a mechanism to filter out bots in their allow list. I recommend initiating a position in a fair value of .2 to .3ETH range.

1.  **Lore or narrative (8.5/10)**
    
    • Creative theme of a “contained outbreak”
    
    • Mission to reawaken your creativity and promote CCC (Creativity, Community, Collaboration)
    
2.  **Artists/ creators (10/10)**
    
    • PSSSD Labs with HQ in London
    
    • Joe: [https://twitter.com/whatthefurr](https://twitter.com/whatthefurr); [https://mirror.xyz/whatthefurr.eth/glbQ\_atZlEQj3UFhM3THuXKm4dj8C-G\_yAkMFTlf4Vo](https://mirror.xyz/whatthefurr.eth/glbQ_atZlEQj3UFhM3THuXKm4dj8C-G_yAkMFTlf4Vo)
    
    1.  Founder of Point.Studio: [https://www.point.studio/](https://www.point.studio/)
        
    
    • Tom: [https://twitter.com/tmw\_buidls](https://twitter.com/tmw_buidls); [https://mirror.xyz/tmw.eth](https://mirror.xyz/tmw.eth)
    
    1.  Creator of Hubble: [https://hubblehq.com/](https://hubblehq.com/)
        
    2.  Member of FWB
        
3.  **Technical characteristics (7/10)**
    
    • ERC721
    
    • tokenURI: [https://collection.pssssd.xyz/tokens/blessed/](https://collection.pssssd.xyz/tokens/blessed/)
    
    • Metadata is either stored on the team’s own server or will transition to IPFS over time as per the team on Discord
    
4.  **Art and aesthetic characteristics (8/10)**
    
    • Animated art appears to be high quality and is unique
    
    • There can be 2 states of blessed or possessed
    
    • Creatively, you can select the default state of the PFP
    
5.  **Scope and supply (8/10)**
    
    • Supply of 10K NFTs
    
    • Treasury holding 250 NFTs
    
    • Creator fee of 5%
    
6.  **Secondary market dynamics (8/10)**
    
    • Mint was on June 30, 2022 for .25ETH for AL (test subjects) and .35ETH for public
    
    • Prices went to .4347ETH volume of 3,343ETH by July 1, 2022
    
    • ATH floor of .6185ETH
    
7.  **Community (8/10)**
    
    • Discord appears civil and moderated
    
    • Non-holders can view the creative-discussion channel but cannot comment
    
    • The moderators have a novel rule where they turn off the Discord chat— not allowing for any comments in the different channels — during the weekend
    
8.  **Roadmap (7/10)**
    
    • Relatively clear roadmap but understands that a highly detailed roadmap may be too rigid for what they want to achieve in experimentation with exploring creativity
    
    • [https://pssssd.xyz/experiments.leak.doc](https://pssssd.xyz/experiments.leak.doc)
    
9.  **Use cases (7/10)**
    
    • Mostly just a collectible that will be experimenting with “enhancing creativity” as part of its ethos
    

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**Source of inspiration**:

[https://newsletter.banklesshq.com/p/how-to-approach-nft-fundamentals](https://newsletter.banklesshq.com/p/how-to-approach-nft-fundamentals)

**My Twitter Account**: @BtownLadies

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*Originally published on [Beardstown Ladies](https://paragraph.com/@beardstownladies/framework-to-analyze-nft-projects)*