As you may already know, I am currently attending my MSc in Blockchain & Digital Currency (due to be completed next year). I have done a number of assignments over the past couple of years and every time it is a joy to create something new, but a challenge too!
Apart from my Master's Degree, I am enrolled to another (self-paced) course, where I had to create an assignment about a Web3 project that we should research and present.
First thing I did, was to create a list of Web3 - NFT - Metaverse projects and I selected one of them. The reason for my choice was that this project would give back a percentage of the earnings to Mother Nature.
How cool was that?
That seemed to be a great project, serving a good cause and they would be doing something very good for the environment too!
I was very happy, so I did not look any further.
I started researching and answering the questions of the essay.
The questions were about ..
The concept of the project
What was it? Why was it valuable? How does it differ from other projects?Team
Important. Who is the team behind this? Are they experienced? What do they do?Technology.
What technology is being used?Business Model
Will this be a sustainable model? How will they make money?Community
OOOPS
I had written half my assignment.
And then I thought of visiting their social media accounts.
Twitter: I was so sad to see it dead..
The last update was posted in August 2022 ..
I thought I should also visit their discord channel ..
Guess what
Their most recent announcement was made in September 2022
What does this tell us?
The project is d e a d
And I wasted all that time to write about it.
I was so sorry, but on the other hand I had learnt a good lesson.
If I ever wish to investigate / analyze a project .. I should first check out its socials and then everything else.
How about you? Do you have any specific procedure you follow when you first visit a project? I usually check its team too. I want to see if they are real people and I check the roadmap so that I can see how far away we are from the completion of the project.
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Yes. 100% … check them out on Twitter / X.com , Instagram, Facebook and Discord… check their hashtag #Companyname … if they don’t have posts with hashtags from today you know they are a dead project. You only want to invest your hard earned dollars in a company that is active today. Not last week or a few months ago. To be relevant they need to be posting every single day.
Yea you made mistake but I kinda don't blame you cause at least you visited their main website and it was their fault not to include all information right there.
That sounds like a great course. I also check their socials and see their development track record. Check if some of the claims are true. Look how they intend to make money.
That's right!
I also check out its socials to be sure that whatever news I get and spread comes directly from the person or project I'm talking about
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Thank you for your input, I mostly agree with you.
I would think of contacting the team if I saw that the NFTs exist. But the roadmap was way off, because they were supposed to be ready in the last Quarter of 2022.
I was so sorry, because it seemed like a good project.
Thanks again for your comment!
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