# Assembling an Effective Team for Your NFT Initiative
Written on
Chapter 1: Introduction to the NFT Landscape
One of the fascinating aspects of the NFT industry is its similarity to the startup ecosystem, characterized by an even more accelerated pace! Despite being relatively new, the sector is continuously evolving, with new projects striving to improve and innovate.
Initially, NFTs were primarily focused on artistry, serving as a form of authenticity verification. However, in the past year, the inclusion of utilities—benefits associated with owning an NFT—has significantly transformed the landscape.
Given the rapid pace of this environment, it’s essential to act swiftly and expand your project’s community quickly, a lesson that traditional startups can certainly learn from.
Section 1.1: The Importance of Team Recruitment
To achieve success, founders of NFT projects must assemble a team without delay. There are three critical areas or departments that need to be established: 1) Product Development 2) Graphic Design 3) Community Management.
The Community Management role is often the easiest to fill right away, as many individuals in the NFT space are eager to engage in projects to gain insight into the process. While this role may not necessitate extensive experience, it is crucial for the success of an NFT initiative.
Managing a community can be time-intensive, so it’s advantageous to continually expand the team in this area, particularly for platforms like Discord.
Subsection 1.1.1: Challenges in Recruitment
We’ve been on the lookout for a talented artist to join our ranks, but the competition is fierce due to the high demand for their expertise, with numerous NFT projects vying for their attention, which in turn drives up costs.
Although our preference was to have an in-house artist, we’ve opted to launch our initial collection in collaboration with a design agency experienced in creating NFT art for various projects.
Section 1.2: Technical Development Needs
Fortunately, we are collaborating with developers focused on building a metaverse platform. However, we still need to secure a skilled solidity developer to create the smart contracts for our initiative. This individual is responsible for coding and automating various decisions related to NFTs, such as royalty distributions and ownership regulations.
Chapter 2: Setting Timelines and Goals
In the video titled "How to build an NFT team, defining your NFT values, and more - NFT Journey pt 1", you’ll learn about the essential steps for assembling a competent team, establishing your project’s core values, and much more.
The second video, "How to Build a NFT Team and Setup Creator Royalty Percentages", offers insights on structuring your team and setting up royalty percentages for creators.
Establishing deadlines is vital to create a sense of urgency and adhere to strict timelines, which are crucial for ensuring your project’s success. We remain committed to building an exceptional team in preparation for the launch of our NFT initiative!
MetaCommunity Space
Engage with one of the most groundbreaking NFT projects set to revolutionize social interaction in the digital realm...
metacommunity.space