Some of the most important decisions need to be made when casting an NFT, which will seriously affect the value and tradability of the NFT. These decisions are final. Therefore, customers must be careful to determine. In this article, we will discuss the issues that should be considered before casting your own NFT.

Have appropriate expectations

Every day some of these are sold for millions of dollars. Young people aged 15 and 12 received more than $1,000 in information from the sale of NFT. The comprehensive report mentions that the average price of NFT is over $1,000, making it easy to get rich selling NFT in hot spots, but this is not the case.

1- Creation does not equal marketing

Casting an NFT and selling it on the market is not difficult, but selling doesn't mean selling. Rare success stories have communication value and spread widely. However, with Opensea alone launching more than 80 million NFT, it's not easy to stand out.

2- Average price does not provide data

The average price of NFT is often introduced. However, the average price is not easy to tell the customer the median price, because the average price can also be affected by extreme value points. Therefore, the average price is not a good indicator of the value of your NFT's market price.

3- Price adjustment

Currently, the average price of an NFT is about $1,400, but in May 2022 it reached more than $6,000. Future prices are difficult to predict and analyze due to global market turmoil.

Figure 1: Average transaction price of NFT

Make a decision before casting the NFT

There are many options when determining casting NFT. We will discuss this option:

4- Choose the right blockchain

Each blockchain has its advantages and disadvantages. Questions to consider when choosing a blockchain:

Buying and selling rate

Transaction commission

security

The Ethereum blockchain is the most popular blockchain for casting NFT, but others are still emerging.

Choosing the right blockchain is very important because it is not easy to move NFT to another blockchain. You can delve into the pros and cons of Ethereum and other blockchains in our own top NFT blockchain.

5- Pick the right market

NFT is sold on the market. Choosing a market that fits your market needs is crucial. Each market is different in several ways:

Payment platform

commission

Encourage blockchain

Encouraged digital currency

Title sponsorship

Gamm.io It is an NFT marketplace based on the Stacks programming layer that clears business on the BTC blockchain. It is suitable for casting various types of NFT according to the BTC ecosystem trade, such as songs, collectibles and handicrafts. Client Program Their specific manual on identifying high quality NFT's new project to understand how customers will judge your NFT before you cast it.

6- Species

Different types of NFT can be used, such as:

Collection NFT

According to the street NFT

NFT mobile games

Raise money NFT

NFT Plastic Arts

Each person wrote an integrated directory of different types of NFT, including instances. Please check in time.

7- Test cases

NFT is actually more efficient than collecting JPEG photos. They are suitable for:

song

Bet money

Luxury brand

Supply chain management

Ticket price market sales

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