# What Makes a Good NFT Project?

By [worldlySyrup6](https://paragraph.com/@worldlysyrup6) · 2022-05-12

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Non-Fungible Tokens aka NFT is a term that is becoming more and more commonly used globally. What is an NFT? Essentially, it’s digital content (photo, art, video, audio, etc.) stored on a blockchain such as ETH (ETHERUM), SOL (SOLANA), CRO (CRONOS), etc. Once minted (originally purchased from the developer), each NFT is stored in a specific blockchain wallet. These NFTs can then be traded on the specific NFT marketplaces that support that blockchain wallet. For example, Opensea is an NFT marketplace that mainly supports ETH-based NFTs, Solanart supports SOL-based NFTs, Crypto.com marketplace supports CRO-based NFTs, etc.

Certain NFT projects such as the Bored Ape Yacht Club, Crypto Punks, Loaded Lions, CloneX and more have been bought by many popular celebrities, athletes and even companies across the globe. These are just a few of the NFT projects that have come out for a relatively affordable retail value but now are seeing tremendous gains in price. Many of the most popular projects today are very expensive and have a high price floor (min. price to purchase an NFT) making it hard for people to acquire them. Rare NFTs from these projects can go for hundreds of thousands to millions of dollars.

There are tons of new NFT projects that are being released every day. However, most of these projects result in buyers losing out on most if not all of their investment. Therefore, it is important to carefully analyze and research each project before purchasing any NFTs. But what makes a good NFT project? Here is a list I comprised of the most important criteria points I use when considering investing in an NFT project.

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*Originally published on [worldlySyrup6](https://paragraph.com/@worldlysyrup6/what-makes-a-good-nft-project)*