I almost made a HUGE mistake when preparing my assignment.

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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!

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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

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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.

I almost made a HUGE mistake when preparing my assignment. | Ecency