The year 2021 began with a boom for NFTs, which soared from roughly $10 million in total sales at the end of 2020 to more than $8 billion by the end of 2021. However, sales slowed after February, and average NFT prices fell 70%, but market observers regard this as a healthy indication in a market that was on the verge of overheating.
As a result, there was never any doubt or mistrust about the NFT market’s future. As a result, 94 percent of prior NFT buyers and 42 percent of those who haven’t yet purchased one indicate that they are somewhat or very interested in doing so in the next 12 months.
Furthermore, over 80% of customers believe that a brand’s digital presence is as significant as its physical presence, which drives demand for branded NFT assets. Consumers increasingly interact with businesses in digital-only contexts, driving demand for branded NFT assets.
Even JP Morgan Chase said that:
“Every technology and media company will need an NFT strategy. The NFT universe will continue to grow strongly over the coming years.”
New players from blockchain and cryptocurrency, as well as traditional art and auction markets, flooded the NFT market in 2021. They included big names from fashion brands like Dolce & Gabbana and Burberry and consumer packaged goods companies like Coca-Cola and Taco Bell. Renowned celebrities like Snoop Dogg, Shaquille O’Neal, and Steve Aoki are among the latest members to join exclusive NFT communities.
With the exponential growth of NFTs, it’s easy to forget that this technology wasn’t always mainstream. NFT consulting agencies have played an enormous role in making non-fungible tokens accessible to all businesses, from small startups to major corporations.
This guide will discuss everything related to NFT consulting and list the top five NFT consulting agencies of 2022.
Table of Contents
What Is NFT Consulting?
Before moving to NFT consulting, let’s discuss NFTs. Non-fungible tokens (NFTs) are unique digital assets that can be used as part of a blockchain network. While most cryptocurrencies focus on fungible currencies, like Bitcoin, which can be exchanged for any other currency or asset, non-fungible tokens offer more value by being specific and individualized.
For example, one token might represent ownership of a rare baseball card, or another might represent shares in a company. This makes them much more valuable than traditional cryptocurrencies and opens up new opportunities for investors and businesses.
The value of these collectibles can vary based on factors (such as rarity or demand), making them ideal for monetization through NFT consulting services.
Now, NFT consulting is a process of helping a company to create and launch a new NFT project. It’s about helping the client understand what they want, how they can get it, and how to ensure their needs are met. In many cases, a good NFT consultant can help clients save money by suggesting ways to work more efficiently or by finding alternative solutions that provide better value for money.
In some cases, an NFT consultant might even be able to help companies create entirely new products or services that previously didn’t exist. The possibilities are truly endless! As you can see, there are plenty of reasons why NFT consulting is one of our most important growth industries.
That’s why we thought it would be a great idea to put together a list highlighting our top five favorite NFT consulting agencies today. We believe these businesses have great potential for success in 2022! They’re intelligent, hardworking, and ready to take on any challenge thrown at them—which makes us excited about their prospects.
Why Should You Hire an NFT Consulting Agency?
When starting your NFT project, the advantages of hiring an NFT consulting agency are hard to overlook. They can assist you in a variety of ways:
1. Digital NFT Strategy
NFT consulting services provide a comprehensive digital strategy for your project. This includes reviewing your present marketing materials and a detailed strategy for maximizing the usage of NFTs and blockchain technology to meet your objectives. The goal is to provide you with a clear path forward so you can make informed decisions about how to pursue your business goals.
2. Decentralized Autonomous Orgs (DAOs)
Many successful NFT applications use DAOs as a core component. The advisors can assist you in setting up and managing your DAO and provide advice on how to best use DAOs to achieve your objectives. NFT consultants specialize in assisting your brand with non-fungible tokens, crypto-collectibles, and other sophisticated token structures. They have vast experience with various types of NFT initiatives, so whether you’re launching an ICO or creating an online marketplace, they would be able to help. They’ve also worked on a few DAOs that didn’t work out, so they know what not to do as well as what to do!
3. Ecosystem Building
It’s critical to create an ecosystem around your NFTs if you want to be successful. NFT consultants can assist you in identifying and engaging essential partners, developing marketing and user acquisition strategies, and designing the ideal user experience. They’ll establish partnerships on your behalf, so you don’t have to deal with the tedious back-end labor. Just concentrate on what matters: creating a fantastic product! They ensure that your platform is accessible to everyone—even those who aren’t running it—with their ecosystem-building services, increasing overall demand for your tokens.
4. Gaming, Sports, And Metaverse
NFTs are ideal for use in gaming and sports, as well as for developing your Metaverse. These firms have vast knowledge in all three areas and can assist you in creating the optimum user experience. If you want to make a social network or a game, these companies will be able to help you with everything from development to marketing. They also provide consultancy services if you require assistance integrating NFTs into your project. We strongly advise you to visit.
5. Community Management
Community management is an essential aspect of our NFT creation and consulting services. This entails devising a strategy for establishing and managing a community around your project and offering assistance and involvement to community members. Community managers are responsible for social media accounts, forums, chat rooms, wikis, and newsletters. They may also be asked to write articles or produce graphics to promote the goals of their community and attract new members. Community managers commonly use Reddit, Twitter, Telegram, and Discord.
How Do You Choose the Right NFT Consulting Agency?
Consider why you want to engage with a consultant and what will make them a good fit for your company before you commit. Are they experts in the field of what you require? What is their fee structure? Is it worthwhile to use their services? What have previous customers had to say about them? These are all crucial questions that will help you narrow down your search and determine who is the best fit for your company. Before selecting, we recommend only interviewing two or three suitable applicants. Comparing and contrasting each agency becomes more challenging as you perform more interviews.
Plus, once you’ve cut down your list of finalists, there’s no harm in doing additional research on each of them by visiting their websites and social media profiles. You can also get recommendations from prior customers or read internet evaluations, but remember that these are likely to be skewed in favor of favorable experiences!
1. Expertise in Crypto and NFT Consulting
There are a lot of consulting firms out there, and many aren’t unique or provide anything that other firms don’t. So please do your homework on each organization, find out their specialty areas and who they’ve worked with in the past, and avoid being too broad at first. I wouldn’t recommend hiring an agency with no prior expertise working with crypto projects. However, you don’t want to hire a random agency because they’ve previously worked on blockchain-related projects. Previous clientele, current projects, and previous experience working with similar companies/projects are all crucial factors for any firm searching for a new partner or service provider.
2. Charges for the Services
Examine the fees that each possible agency charges for their services. In general, you should aim to spend less than $1,000 per hour and as near to that as possible. You don’t want to be trapped with a high-priced agency with little experience or talent on staff. Some smaller organizations employ former employees of larger firms who can provide knowledge to your project. It might be worth paying more for a better degree of competence if you find one like that. Always do your homework before employing someone!
3. Relevancy of the Services Offered
Each company is unique, and what your company needs from an agency may differ from what another company requires. It would be best if you double-check that your chosen consulting firm understands and can deliver exactly what you’re looking for. Asking a lot of inquiries about their job and experience with similar businesses is the best approach to do so.
If you don’t require their video creation services but do require influencer marketing, you can use their influencer marketing service; however, this will only be possible if your consulting firm allows you to choose your services. If they don’t, steer clear of that firm.
Another item to consider is whether the consultant can handle all areas of your project or if you’ll need to employ someone else. Before hiring them, inquire about their capabilities once again. Then, ensure you’re receiving good value for your money: This should go without saying, but if you’re spending too much for anything, chances are you’re not getting enough value in return.
4. Past Projects and Clients
Trust is one of a consultancy’s most valuable assets, so it’s critical to work with a firm with a long track record of success. So seek testimonials and recommendations from previous clientele. If at all feasible, speak with them before signing a contract. This will offer you an excellent understanding of what they can do and how they collaborate with other companies. It will also assist you in determining whether or not their style is similar to your own.
On their website, you can also look at their case studies. These should be related to your company and highlight some of their achievements. They should be simple to identify and thorough enough to give you an understanding of how they work. Take a look at earlier work and try to find answers to these questions:
- What exactly did they do? How did they pull it off?
- What was accomplished?
- How long did it take you to complete it?
- Were there any bumps in the road?
- Was everything exactly how you imagined it to be?
- Were there any unexpected twists and turns along the way?
You want someone who can produce outcomes in a reasonable amount of time and at a reasonable cost. You don’t want any unpleasant surprises, such as unexpected fees!
What Kind of NFT Consulting Services Do They Provide?
NFT consulting services help you develop a digital strategy specific to your project. This includes looking at your current marketing materials and determining the best ways to use blockchain technology to achieve your objectives. These professionals will also assist you in creating an easy-to-use user interface that allows users to interact with your products and services.
The success of your NFT project is contingent on the success of your NFT consulting services. They can help you start your NFT campaign, build a strong NFT community, and increase engagement in your NFT venture.
NFT Consulting Services is an integral part of any NFT project. Various services help you start and run a successful NFT business. Among the services offered are:
1. NFT Selling Strategy:
This service is aimed at assisting you in setting up and launching your NFT project. This includes producing a whitepaper, launching an ICO, establishing a website, and other crucial parts of starting a business or initiative. It also aids in the development of a strong community around your NFT project, increasing the likelihood that people will be interested in purchasing it after it is listed on exchanges. Many factors go into successfully marketing an NFT product, and these professionals can assist you with them!
2. NFT Creation:
This service enables you to generate your project token or coin. It’s also intended to assist you in successfully maintaining and running your blockchain project and marketing it so that more people will be interested in purchasing it once it’s listed on exchanges. This service is beneficial if you’ve never worked with blockchain technology or launched a cryptocurrency or digital asset.
3. NFT Platform Marketplace:
This service assists you in establishing a market for your product or service. This includes developing a user-friendly interface and implementing a system that allows users to purchase and sell tokens on an exchange. It also entails creating a referral marketing program so that people can help spread the word about your product or service while also earning money!
4. NFT Minting:
This service assists you in setting up a minting system for your project, allowing users to manufacture tokens or coins. It also assists you in creating a smart contract that uses blockchain technology to allow users to buy, sell, and trade your tokens with other tokens and coins on exchanges. If you want people to be able to interact with your token or coin easily, this is a must-have service!
5. Smart Contract Strategy:
Smart Contract Strategy, including strategic partnerships and sales, will help you identify project partners and create a smart contract based on blockchain technology that allows users to buy and sell your tokens or coins quickly. It also helps you launch your initial coin offering (ICO), an essential part of successfully selling your product or service!
6. Viral Referral Marketing:
This program assists you in setting up a referral system for your project, allowing users to earn money by referring others to it. It also assists you in establishing an influencer program, in which people with significant social media followings help spread the word about your product or service and push their followers to purchase it! This is crucial to successfully market your product or service, especially if you don’t have a significant advertising budget!
Top NFT Consulting Agencies
The number of companies providing blockchain, bitcoin, and other distributed ledger technologies (DLTs) consulting services has increased. While this is excellent news for organizations seeking assistance with these technologies, it can be challenging for them to choose from many possibilities. Here are five top-tier consulting firms worth considering to assist business leaders in making decisions.
Blockwiz is a cryptocurrency marketing agency based in Toronto, Canada. The company has a long history of success in the crypto and NFT marketing space. Blockwiz is one of the most influential crypto marketing organizations with a long experience in cryptocurrency marketing and advertising.
They allow you to hire senior Blockwiz leadership team specialists to work in your internal team. They also help build a strong crypto community with a dedicated moderation expert team that is trained and experienced in handling and building effective communities. Run data-driven campaigns with verified KOLs with authentic audiences. 900+ KOLs trusted by the world’s best crypto exchanges. Get more organic visitors and signups by ranking higher on Google. Increase your domain authority, rank for more keywords, and generate high-quality backlinks.
Over 250 crypto businesses trust Blockwiz NFT consulting services. Uniris, Amber, RioDeFi, and Coinsquare are among the well-known brands on the list, as are fascinating new ventures like NFT, Metaverse, and DeFi. Blockwiz’s extensive client list attests to the company’s expertise in the field.
Blockwiz provides customized plans based on the need of the projects. An expert and dedicated team to work till the marketing excretion reaches outstanding results. Blockwiz offers the following consulting and marketing assistance for NFT brands.
- Influencer Campaigns
- PR and Sponsered articles
- Pay Per Click Marketing
- NFT video creation and Marketing
- Discord and Telegram community growth
- Social media marketing
- Search Engine Optimization
Blockwiz does not offer conventional plans; instead, they offer consultation and strategy based on the needs and goals of NFT initiatives. Artists and project owners can easily contact Blockwiz to design their marketing for maximum impact.
Since 2014, Naka has been involved in the blockchain community. They offer services like individual speaking engagements and seminar requests to keep your staff up to date on the latest in blockchain, cryptocurrencies, and NFTs. They charge a monthly subscription for access to their content tools, writing talent, and operational expertise, all of which will assist in getting your firm off the ground or supplementing existing strategic objectives.
They claim to be able to teach you about decentralized applications and how they are challenging legacy systems in a variety of industries, including finance, art, collectibles, gaming, and sports. They specialize in how Decentralized Autonomous Organizations, or DAOs, will improve how people collaborate in an online world that is more interconnected.
ScienceSoft is a company that specializes in software development and consulting. They’ve been doing software development for 33 years and NFT consultancy for the last few years. On several NFT ventures, they snatched up over 30 industries. Apart from NFT, they have blockchain professionals working on projects such as constructing a blockchain-based supply chain and a crypto wallet.
Whether a company needs to start with an MVP of an NFT trading platform or wants to obtain hands-on experience with a working prototype, their experts can help. They provide services such as Target market research, Business case creation, Functional requirements specification, Non-functional requirements specification, Solution architecture design, and Technology stack assembly.
4. Synapse Research
Synapse Research specializes in delivering digital marketing expertise and professional digital asset management to firms looking to increase their operations dramatically. They are passionate about educating others about NFTs and blockchain technology. They provide a wide range of services, from planning and implementing an effective strategy to handling the nitty-gritty details so that the NFT brand can concentrate on developing the product.
Synapse is a consultancy firm that specializes in projects involving non-fungible tokens. Digital strategy, decentralized autonomous organizations, ecosystem creation, gaming, sports, and metaverse development are some of their offerings.
They specialize in:
- Speaking at events
- Holding workshops
- Host conferences
They have technological experts, market veterans, and enthusiasts on their staff. They primarily provide cryptocurrency, blockchain technology, and DeFi consultancy and advisory services in the Middle East, concentrating on NFT. They want to educate people about Blockchain Technology, NFTs, and the potential and prospects they may offer to the Middle East’s businesses and economy.
They are specialized n:
- NFT and Metaverse consulting, advice, and education.
- Create a one-of-a-kind NFT Shop for artists, businesses, and brands.
- By booking your Crypto domains, Lands, and other Metaverse properties, you may increase your visibility and presence in the Metaverse.
- Using VR, AR, and XR create your unique shop and businesses in the Metaverse.
NFTs, or non-fungible tokens, have risen in popularity in recent years. Every day, they’re increasingly used in various industries, from finance to gaming to healthcare. These digital assets can be found on several cryptocurrency exchanges and marketplaces. As the NFT ecosystem grows in popularity, startups and large organizations compete for their own unique NFT offering. Projects are looking for ways to distinguish apart as the market grows more saturated. Your NFT project’s success or failure will be determined by how you advertise it.
With that said, at some point in your NFT journey, you will need an NFT consulting agency for your new NFT project. And that’s where Blockwiz comes in.
We’re a full-fledged NFT consulting firm, so we can advise you on the best course of action for your company. We have extensive experience in the industry and boast an impressive team of experts dedicated to providing high-quality services. Our track record speaks for itself: we have worked with some of the most successful brands in their industries and have been able to help them achieve their goals. We can help you with your initial launch or want a more thorough review of your strategy.