13 friends researching NFT games

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You can write a book about this, but I tried to compress the information as much as possible. I'm not sure if this is the ultimate guide, but it's a base from which to start and you can research in more detail than most bloggers.

WHAT TOOLS DO YOU NEED?

1. Scoring Questionnaire;
2. Crunchbase . Life hack: the mobile application is dotsupno free of charge without restrictions;
3. Tier-list investors in Web3;
4. Coinmarketcap;
5. DappRadar;
6. Social networks teams, Google and artstation or Behance;
7. Mind map or tool for building social graphs;
8. Stocks of 2D and 3D content;
9. Have basic knowledge of evaluating startups and their performance;
10. Have basic knowledge of venture capital. They are in the Stanford lectures first hand. Available on YouTube.

If this is an indie project on some WAX ​​or other low-cap networks, then you will not need all this. It's about creativity and experimentation. These are folk and low-budget projects that do not need venture funding or a stellar public team.

WHAT TO DO?

1. We fix all ideas, hypotheses, facts in Questionnaire scoringа in order to get a final grade. The questionnaire is also needed to systematize the process, reduce the bias factor in relation to other studies, and if you skip, then as few facts as possible, and besides, it disciplines;

2. We evaluate investors and their reputation. Can be used Tier-list investors in Web3;

3. Evaluate the product and the team to identify competitors and evaluate them. Check the relevance of the team's experience and position in the project. Does the team have a proven traction, it is worth paying special attention to the identity of the founder, watching a video with him, AMA sessions, how he behaves, from which country. This will help build a better portrait of the team's driving force. Look at the photos of the team members and video. Sometimes scammers or people who will not be able to effectively manage money or have not had such experience can be recognized by their appearance. This is not prejudice. This is a job with risks. For example, a startup from Canada will have more trust than from Vietnam. Compare with other similar projects on the same blockchain. on other blockchains, the assessment of a comparable project may differ;

4. We evaluate the metric token, IDO, in comparison with competitors in order to understand how profitable the deal is. Extrapolate the unlocks to the Roadmap if we are going to enter at an early stage. Find out Initial Market Cap, Market Cap, Fully-Dilluted Market Cap, compare with real business valuation in web2. Perhaps they want to sell you a startup at the price of Ubisoft shares, if you invest now, then in the future it is quite possible that the revaluation of crypto projects will decrease and approach real numbers, especially when web3 companies start reporting;

5. Check the quality of game content. Check out the artstation of the mentioned artists. If possible, ask an art expert you know for an opinion on a portfolio of artists or animators. Does, for example, Senior 3D Artist correspond to the position held, purely technically at least. If the team shares created content and if it is 3D for example, then check everything. How the mesh is made, whether it is suitable for animation, what is the quality of the sculpt. We remember the hype project Ullivium with terrible retopology. They obviously have some problems with 3D. I hope they don't miss this and fix it before the beta release;

6. We estimate the amount of the fee with the declared idea of ​​the project and what the burn rate of a project of this level can be and what kind of staff may be needed. Perhaps the project is a showcase for some interesting technology/platform that is of interest to investors, and not the game itself;

7. We build a social graph to create initial assumptions and hypotheses, who brought whom to the project, why. Maybe it's just a flip story. Social ties will allow a better look at the big picture and perhaps clarify the intentions and interests of the parties;

8. Estimate the share of fake subscribers and community members by activity. In discord, this is easy to do using filters. You can compare with similar projects. Look at the proportion of meaningful messages. Ask your meticulous questions and look at the reaction time and the reaction itself;

9. If possible, check the specified company in the databases of the country in which the company is registered;

10. Google the names of related companies and individuals that you come across during your research. So you can stumble upon red flags. You noticed a partnership, google it, look at crunchbase what it is, go to the site and go further down the chain. Scroll through the social networks to the very beginning, analyze what they published, what values ​​they carry, whether black promotion methods are used;

11. Evaluate marketing content and audience engagement. What is the share of giveaways and cheats, is there interesting and useful content, development diaries, viral promotion methods, how is the narrative formed, how much does the project follow the blockchain culture;

12. Evaluate the documentation (whitepaper, pitch deck, roadmap, tokenomics) and site design: Design, quality of work, adaptability, clarity, conciseness of information provision, accuracy and completeness, and what is their business model? Will they be able to earn at all and how will the token be used?;

13. If there are numbers on farming tokens or something on the basis of which you can at least roughly imagine the future economy, then try to make primary calculations and build a future strategy in the game.

AND REMEMBER! PRE-SALE IS NOT ALWAYS THE MOST PROFITABLE POINT FOR INVESTING. IT IS OFTEN BETTER TO WAIT WHEN THE TEAM GET THE MONEY AND START DEVELOPING. THERE WILL BE SILENCE, POSSIBLE IN HALF A YEAR-YEAR, DEPENDING ON THE SCALE OF THE PROJECT, THE INTENTIONS OF THE TEAM WILL BE SHOWN. MAYBE YOU HAVE DONE THE RIGHT THING IF YOU DID NOT ENTER. DON'T SUFFER FOMO! TENS OF THOUSAND PROJECTS. YOU CAN ALWAYS LOSE MONEY!

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