Me: “So, what are you building?”
Them: “Well, it’s basically an NFT project…”

Some Sunday thoughts.
🧵 on my major two suggestions.

/1

This 🧵 was prompted by an exchange with @shanicucic96 today. Credit to him and the team for what they’re building.

But the point is: it’s never been easier to find out what works and what doesn’t.




/2

There are some great people in the space providing some great guidance.

I’m literally talking about step-by-step tips on how to build a great NFT project. So, what are my major two tips?




/3

1⃣ Research and plan

As the saying goes: failing to plan is simply planning to fail

Part of planning should be to understand where the space is at & to learn from the mistakes of other projects.

Build the right team & get prof advice, including from other project founders.

/4

If you don’t, then I’d say you’re:

1. Lazy - inefficient
2. Naive - inexperienced
3. Greedy - thinking of you at all costs

Or a combination of the above. Just my mental model.

I know it’s harsh but, at the end of the day, not everyone is cut out to be a project founder.

/5

2⃣ Honour community

I purposefully chose “honour”. Community is the backbone of web3 and should be the same for your project.

Build & listen to it, especially if you’re taking responsibility for its money.

Have clear docs and communication. In fact, over-communicate!

/6

This space is nothing without the people in it. If you don’t fully appreciate that then consider #1 again.

Also, for those that have made it, give back what you can. Have an abundance mentality. There’s so much unexplored territory in this “wild west”.

/7

TL;DR: My major two suggestions for new NFT projects:

1⃣ Research and plan - build a great team and get prof advice (inc from successful founders). Don’t be lazy, naive or greedy.

2⃣ Honour community - community is your backbone. Have clear docs and over-communicate.

/8