Once you’ve found NFTs with offers

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Once you’ve found NFTs with offers on them you can start exploring the projects they’re from. Start really looking at individual NFTs.

How many NFT mints are there in this project?
How old is the project?
How many times have they been bought and sold?
How many favorites do they have?
What’s the floor price of a project?
How have prices changed over time?
Something of utmost importance at this stage is keeping your singapore buy cell phone number list open for fake projects. Never forget the saying if something is too good to be true, it is. If you think you found an NFT that should be selling for way more than it is and it’s a popular project, you just found a fake. Remember that NFTs are just a receipt for an image, not the actual image. You can upload image copies to websites and mint new NFTs from the same image. Places like OpenSea and other platforms work to combat this, but their algorithms are not fool-proof. This is very common in the NFT space and you have to be extremely careful.

Another of the most common tricks in the NFT space is “wash trading”, where you create multiple accounts to create fake volume buying and selling your NFT to yourself until you hook an unsuspecting victim.