# Framework to Analyze NFT Projects

**Published by:** [Beardstown Ladies](https://paragraph.com/@beardstownladies/)
**Published on:** 2022-07-22
**URL:** https://paragraph.com/@beardstownladies/framework-to-analyze-nft-projects

## Content

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 :)Project Name: The Possessed Date of Analysis: July 9, 2022 Website: https://pssssd.xyz/ Twitter: https://twitter.com/ThePossessedNFT IG: 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.Lore or narrative (8.5/10) • Creative theme of a “contained outbreak” • Mission to reawaken your creativity and promote CCC (Creativity, Community, Collaboration)Artists/ creators (10/10) • PSSSD Labs with HQ in London • Joe: https://twitter.com/whatthefurr; https://mirror.xyz/whatthefurr.eth/glbQ_atZlEQj3UFhM3THuXKm4dj8C-G_yAkMFTlf4VoFounder of Point.Studio: https://www.point.studio/• Tom: https://twitter.com/tmw_buidls; https://mirror.xyz/tmw.ethCreator of Hubble: https://hubblehq.com/Member of FWBTechnical characteristics (7/10) • ERC721 • tokenURI: 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 DiscordArt 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 PFPScope and supply (8/10) • Supply of 10K NFTs • Treasury holding 250 NFTs • Creator fee of 5%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 .6185ETHCommunity (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 weekendRoadmap (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.docUse cases (7/10) • Mostly just a collectible that will be experimenting with “enhancing creativity” as part of its ethosSource of inspiration: https://newsletter.banklesshq.com/p/how-to-approach-nft-fundamentals My Twitter Account: @BtownLadies

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