NFT fundraising era

In the past, there were many projects where artist could simply draw collections of jpegs and sell them through mint process to market participants and art collectors without much further promises.

Crypto is developing quite quickly and a year ago it was a novelty, because not everyone was able to combine art and new blockchain tech to make NFT through smart contract. Today the market is overhelmed with such supply, any artist can draw an NFT collection by teaming up with a community manager and a blockchain developer.

The times they are changing. Crypto is great in natural evolution and constant tech progress with the participation of a free market economy. Today you have to present in your project not just jpegs, but subsequently a working product that will interest the audience. It will be fair to the community, because they are the most important thing that the project has.

The next logical question is what kind of new NFT use case can a startup offer to its owners. We will talk about this one in our next blog. Stay tuned!