KryptoNest

There is no doubt that one in ten projects fail; NFT projects are no exception. And there are plenty of reasons for that. So what are some indications that an NFT project could probably fail. Let’s discuss. Why Most NFT Projects Fail Scams The rise of new technology startups, especially based on NFTs, and the lack of a comprehensive ecosystem has created an opportunity for fraudsters to get rich quickly by selling high-profile influencer interest and promising to deliver a compelling product. Unfortunately, many of these people end up pulling the rug out from under their investors after they've already invested. Even seasoned entrepreneurs can still get bogged down by the lack of red flags. However, more people are becoming better at identifying potential frauds with a lot of resources available on the Internet. Poor Decisions Without a financial plan in place, starting a project is definitely a path to failure. This can lead to failure down the line and ruin the entire project. H

Preface NFT marketplaces have become the best platform for artists to sell their creations for a great deal. There are literally thousands of art collections stacked up in multiple NFT marketplaces . At the same time, investors and art collectors find these NFT platforms as their kingdom. Buying and Selling NFT's   Imagine having a market value for any type of digital asset! Well, NFT makes it possible. You can turn anything into an NFT and earn profitably. Now, this shows the dynamic nature of these tokens.  If you haven’t heard about NFT ( Non-Fungible Token ), here is a small definition of it. “NFT is a unique digital token present in NFT marketplaces. They represent the ownership of digital assets. NFTs are immutable in nature.” NFT marketplace works as a forum where collectors and creators coexist. Curious collectors can either bid or buy an NFT of a creator based on their choice.  Artist Corner If you are an artist willing to experiment in the NFT marketplace, here is how you