Introduction
As we mentioned in the previous post about how to budget for an NFT project, as in any other project, the idea of putting together a Business Plan is essential for a venture of these characteristics.
In the post on how to associate value to your nft we also talked about the importance of them or the collection having a value of Utility, Tangibility and Rarity in addition to many other value propositions.
In this post we will focus on another of the fundamental points for a project to be successful, and this is neither more nor less than the Roadmap.
What is a Roadmap?
Whenever we face a new project, whether commercial or life, it is important to set an objective, an ultimate goal that we want to achieve. But even more important is to draw a path with shorter-term goals to reach it.
This path is what we call Roadmap, and it is neither more nor less than the setting of objective, real and achievable goals in the short or medium term that will bring us closer to the final objective.
This roadmap will serve us not only as a guide but will also make us notice when we are deviating from the path outlined or we are not meeting the deadlines that we stipulate.
Whenever we face a new project, whether commercial or life, it is important to set an objective, an ultimate goal that we want to achieve. But even more important is to draw a path with shorter-term goals to reach it.
This path is what we call Roadmap, and it is neither more nor less than the setting of objective, real and achievable goals in the short or medium term that will bring us closer to the final objective.
This roadmap will serve us not only as a guide but will also make us notice when we are deviating from the path outlined or we are not meeting the deadlines that we stipulate.
More specifically in this type of project, a Roadmap is the way to tell our investors the milestones that we plan to achieve throughout the project and the deadlines that we propose to do so.
Characteristics
In my opinion, a good roadmap must indispensably have certain characteristics and information that I will try to list below:
Clarity:
A roadmap must be clear and easy to understand for any user. The objectives must be well defined, have specific dates and the corresponding explanations.
Accuracy:
Objectives and deadlines must be stated with the highest degree of certainty possible. Unforeseen events can always arise, but in that case you have to use the networks to communicate them to the community as soon as possible and explain the possible solutions and proposed changes.
Graphic:
The graphic representation of the roadmap makes it possible to understand
much easier of it and allows a screenshot to understand what it is about
the project.
Clear and achievable goals:
The goals proposed by the work team must be realistic and be able to be met within the stipulated deadlines. Otherwise, this would generate investor distrust and the corresponding loss of value of the collection.
“A Roadmap is the way to tell our investors the milestones that we plan to achieve throughout the roadmap and the deadlines that we propose to do so”
Some steps you can follow to create your Roadmap?
Define your ultimate goal:
What is the ultimate purpose of your NFT project? What do you hope to achieve with it? This will be the frame of reference for all the other goals you include in your roadmap.
Identify your short and medium term goals:
What steps should you take to move towards your ultimate goal? Divide your roadmap into stages and set specific goals for each of them.
Assign deadlines to each goal:
Set deadline dates for each of your short- and medium-term goals. Keep in mind that they must be realistic and that you will have to work hard to fulfill them.
Involve your team:
Be sure to involve all members of your team in the roadmap creation process. This will give them a clearer picture of their responsibilities and help them understand how their work contributes to the overall success of the project.
Use visual tools:
An effective way to present your roadmap is to use visual tools such as charts or Gantt charts. This makes it easier to understand and makes it easier to track the progress of the project.
Review and update your roadmap regularly:
Once you have your roadmap in place, it’s important to review it regularly to make sure you’re continuing to make progress toward your goals. If any changes or unforeseen events arise, do not hesitate to update your roadmap to reflect it.
Conclusion
In conclusion, creating a roadmap for an NFT project is essential to ensure its success. By defining clear objectives and achievable goals and setting deadlines to meet them, you will be able to stay focused and move towards your ultimate goal effectively. Using visual tools and regularly reviewing and updating your roadmap can also help you stay on track. Remember to involve all members of your team in the roadmap creation process so everyone is aligned and working together for success.
From NFT Smart Design we can advise you to create your NFT project from its business plan to its completion. Click here and register to get in touch and together we can see how we can help you.
Disclaimer: The content of this web page is provided for general information only and should not be taken as investment advice. All content on the site, including, but not limited to: forum comments by the author or other users, articles and graphics, advice, and anything else found on this site, should not be construed as a recommendation to buy or sell. any financial asset or to participate in any trading activity or investment strategy. The author may or may not hold positions with any companies or advertisers that appear or are discussed on the site. Any action you take as a result of information, analysis, or advice on this site is your sole responsibility. Consult your financial advisor before making any investment decision.
