How to pick an NFT project of good quality? A detailed observation in multiple aspects of BuzzyBee,

How to pick an NFT project of good quality? A detailed observation in multiple aspects of BuzzyBee, the new project launched by FoxNFT.

The most heated topic nowadays must be NFT industry. Discussion not only happened among investors in group chats, but also at other social media such as Sina Weibo and Twitter. The trend spreads at an unbelievable speed, as huge number of users upload new avatars like CryptoPunks and Bored Apes.

Last weekend, hundreds of people changed their avatars into the same picture - Zombie Punk, an image of a zombie with greenish head.

This image was sold at 3.75 million dollars at an auction last Friday. The winner of this avatar participate this auction held by PartyBid with groups, as the bidder put everyone’s money altogether to beat the business tycoon. They called themselves Party of the Living Dead.

Apparently, avatars are only a corner of this industry, it covers all fields including artworks, games, IPs and so on. NFT is now a well developed economical system at an enormous scale.

So in such a complex market, how to judge the quality and potential of one NFT project?

Recently, a new project of BuzzyBee will be launched by FoxNFT.io. Other platforms such as HECO is also responding to the event. With so much airdrops and activities, it drew the attention from the globe.

What do we know about the background of BuzzyBee? The information we have is that the brand is the treasure IP of New Zealand, making toys for nearly a century. This brand has already become a part of the childhood of local people. After being an international brand, it expanded its branches into industries like comic books, daily necessities and even amusement parks.

Much news could be noticed that famous brands all start to enter the industry of NFT like LV and Audi. Hence, we are going to evaluate NFT in three aspects.

First of all, security. This time, BuzzyBee NFT launched by FoxNFT can transact through three public chains of Ethereum, HECO and Bsc. HECO even admitted it as a member of the third member of its NFT IP Show.

Next we move to the years. There are two critical factors of it. One, when is this NFT minted? Next, what is the historical meaning of this brand? The latter question could be solved by the history background of this brand. As it has a tight bound with the British Royal Family, the influence of this brand is undoubtful.Back to the first question, BuzzyBee enters the field of digital branding assets ahead of other traditional brands. With the advantage of time, this NFT has great potential.

The last point is the scarcity. We still do not know the amount of the blind boxes launched by FoxNFT.io. Judging from my previous experience, the amount will not be many. This week, the platform invited famous artists to repaint the toys with special art design. The rarity can be insured as the number of this toy must be limited.

When we evaluate an NFT project, it should not be only a yes/no question. We need to judge it through many aspects at the same time. All investors should do so before handing out their money.

With the basic information of this brand, I hope FoxNFT.io will set a good example of digital branding assets of a traditional brand.

Website: http://www.foxnft.io

Discord: https://discord.gg/x2G8snrcrz

Telegram: https://t.me/foxnft2021

Twitter: https://twitter.com/FOXNFT2021

Medium: https://foxnft.medium.com

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