NFT List - Upcoming NFT Drops, New NFT Events, NFT Projects & NFT Calendar

Browse New NFT Projects & Upcoming NFT Drops, NFT Events & NFT Marketplace

The Web 3 Future of Real Estate - Online Panel Eve
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Leading property consultants West London City Lets has launched its new sub-agency Tokenized Properties to facilitate the sale of a real-world plot of land using a Non-Fungible Token (NFT) for the transaction. This will be the first UK property company to support the sale of physical land through an NFT. It will also be the first time this style of land sale has taken place in the UK. We're bringing together industry leaders to discuss the future of Real Estate and the transition into Web 3. Speakers will include industry leaders from Tokenized Properties Ltd and Mattereum Ltd. #blockchain #cryptocurrency #realestate #crypto #proptech #londonevents #web3 #nft #panel_discussion #blockchain_tehnology #cryptoworld #cryptocurrencies #eth #cryptoinvestor #invest #realworldasset #cryptotrading #cryptos #cryptocurrency
Crazy Vultures DAO

Crazy Vultures DAO

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Crazy Vultures Is A Unique Hand Drawn NFT Collection Containing 99 NFTs, The Mint Will Consist Of 70 Whitelist Spots And The Rest Will Be For Public Mint. Holders Will Get Special Perks Which Has Our Own Merchandise (T-Shirt, Water Bottle, etc.), Discord Nitro, $CRAZY Token And Much More!. This Will Be A Limited Supply Collection, We Will Be Launching Big Collections After This Project. We Are Also Planning For DAO, Our Project Has A Potential To Reach To The Moon. . . .
Duckz Wit Attitudes

Duckz Wit Attitudes

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The Worlds Most Dangerous Ducks 5K Duckz Wit Attitude ̈straight outta the pond ̈ Solanas most dangerous NFT Collection. Duckz Wit Attitude is 5,000 Collection of Duckz living on the Solana Blockchain. Over 100 hand drawn traits to make every Duck unique in its own way. The art depicts early 90’s hiphop / gang era with a modern day twist. The collection centers around 5 main characters that are leaders of the gang. Forcing a rebellion against the hierarchy and broke away from a gang syndicate on the quest to rule ‘The Pond’. Duckz Wit Attitudes - merging art, music and crypto into a one of a kind collection.
 
Mint Price is. 0.69 SOL and 0.45 SOL with DuckSkull (WL token).
Join our discord. Now, you can get free DuckSkulls by answering the survey. https://discord.gg/xbDCUaJUgh Website : https://duckzwitattitudes.com
Who is Emily?

Who is Emily?

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Museum Grade Asset with Deflationary mechanics. This is not just a series of paintings, but a monument to infinity ∞ This is not just a beautiful portrait but a key to a performance that will last for the rest of the artworks life. Not only will Emily holders receive an exclusive Syndicate membership pass but will also unlock private access to the ecosystem of products from Peppermint Labs starting with a framing marketplace! Members will be able to curate the Genesis Gallery experience by exhibiting their artworks. Portion of the secondary revenue is dedicated to buybacks and burn until there are no Emily's left🔥 Collection perks: Community Treasury 👨‍👨‍👦‍👦
Stored on Arweave 📁 Staking Marketplace 🔒 Genesis Gallery 🖼️ Tiered Benefits 🏆 Deflationary supply 🔥 Project Incubation 🐣 Metaverse venues 🥽 Roadmap 
Phase 1 BUILDING THE FOUNDATION Following the reveal, a community Syndicate will be established and the DAO treasury will be funded with 25% of the initial sales revenue. Phase 2 FRAMING & BURN V1 of the Framing Marketplace is released to the public. Emily holders are able to curate the Genesis/Public Gallery experience by exhibiting their favorite NFT’s. Phase 3 NFT CONTEST & PROJECT INCUBATION Leveraging our existing infrastructure to help projects experiment and create new solutions. Emily will launch her first contest for all project founders in the NFT space. One winner will be selected to be incubated by our multidisciplinary studio. Phase 4 THE SYNDICATES HQ & DECENTRALISED GALLERY HOUSE Building necessary infrastructure that will not only help Emily holders to exhibit and auction their works but help improve the whole traditional art/auction industry that is now riddled with countless inefficiencies. Phase 5 COLLABORATE AND INNOVATE We aspire to build innovative solutions to ensure the autonomous functioning of our DAO. Improving Syndicates governance protocol, codifying our burn mechanics, and securing treasuries long-term prosperity. Phase 6 THE END GAME Building an ecosystem of related business activities that complement each other and bring value back to the Syndicate. DAO's treasury, market royalties, collection & ecosystem revenue streams should give enough fuel to the syndicate to not only exist but to keep on thriving.
The Dons Solana

The Dons Solana

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🆕️ The Dons Solana A collection of 3,500 Mafia Bosses coming to take over Solana. Blood makes you related. Loyalty makes you family. [ ROADMAP ] Our roadmap shows what we are currently working on and ready to share. We have a lot of exciting things in store that are not ready for announcement just yet and we are always looking to add new value. * Secure Grant To Kickstart Development Before Mint * Build Community And Expand The Team * Solana Money Boys x Dons Cross-Chain Analytics Tools * Further Development Of The Dons Tools * Launch Of Launchmynft Marketplace * Merchandise Warehouse * ? 🚨The Dons Solana🚨 Price : 0.15 SOL Supply : 3,500 Mint Of Launchmynft And Marketplace Magic Eden, Opensea, Solanaart And Others. A family of 3,500 Dons on the Solana Blockchain.
We Love Doggos NFT

We Love Doggos NFT

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We are a US registered 501c3 charity that in real life are saving hundreds of dogs. We have now discovered NFTs and want to use that to save thousands of dogs through our already in work charity. We are a family driven charity, the father Terry and his daughter Jesse who has the charity and now runs the nft project. We have among the largest dogloving facebook groups as a example. Husky Lovers https://www.facebook.com/groups/officialhuskyloversgroup/ German Shepard Lovers https://www.facebook.com/groups/officialgermanshepherdloversgroup/ Dachshund Lovers https://www.facebook.com/groups/officialdachshundloversgroup/ Pitbull Lovers https://www.facebook.com/groups/474077073310007/ WLD VIP https://www.facebook.com/groups/wldvip/ We are doing a collection of hero dogs that is going to represent dogs that is on a mission to save other dogs. Once we have sold the first collection we will be dropping a new collection in batches that represent the IRL saved doggos.
9Bean

9Bean

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9Bean is a Free to Mint helper NFT character for the 9Cat Saga P2E Game. Formed by a spiritual connection with 9Cat himself in the Sakura Mountains,9Bean will play into the story of the second world of the 9Cat Saga game. 9Bean will follow 9Cat on his missions into the wild earning XP as you complete in-game quests. It will help you defend against enemies, with special skills and buffs being unlocked as you level up your 9Bean. Your 9Bean will initially be in an infancy state and will grow to reveal its complete form as you play through the game. How to Mint? The Free Mint is open to all users who sign up for a 9Cat Saga account and complete at least one mission into the wild. You can find all details regarding 9Bean in our introductory Medium article here → https://medium.com/@9metaverse/introducing-9bean-the-free-to-mint-9cat-companion-6b36a3582b6d Mint Date Minting will start on September 30th for Whitelisted users. Exact mint time will be shared closer to mint date via our community discord: https://discord.gg/9Cat The 9Cat Saga The 9Cat Saga is a Play and Earn 2.5D Sci-Fi Shooter/Adventure game that utilizes both the Ethereum and Polygon Networks. You will play as the lovable hero 9Cat as he scours the 9Metaverse for a cure to the Mysterious Spiritual Virus spreading from planet to planet. Shoot to survive, Finish quests, Collect items, Craft Gear and much more! Currently available for Mac & PC. For more information on the 9Cat Saga P2E game, check out our project page: https://9cat.io/
The Mefoxy Club

The Mefoxy Club

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The Mefoxy Club is an non-fungible token collection built on the Ethereum Blockchain. The collection features profile pictures of cartoon Foxies that are procedurally generated by an algorithm. We offer exclusive benefits and special deals to Mefoxy NFT holders. Visit www.Mefoxy.io for more details. The Mefoxy Club is an non-fungible token collection built on the Ethereum Blockchain. The collection features profile pictures of cartoon Foxies that are procedurally generated by an algorithm. We offer exclusive benefits and special deals to Mefoxy NFT holders. Visit www.Mefoxy.io for more details. The Mefoxy Club is an non-fungible token collection built on the Ethereum Blockchain. The collection features profile pictures of cartoon Foxies that are procedurally generated by an algorithm. We offer exclusive benefits and special deals to Mefoxy NFT holders. Visit www.Mefoxy.io for more details.
Degen Queue

Degen Queue

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FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL FREE MINT & YOU GET 1 SOL
Verteron

Verteron

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Verteron is a recently explored galaxy with galaxy wide very advanced level civilization in the CautronVerse where the peace and prosper reign since almost the beginning of time. It has recently explored by the others, but we were always aware of each other like parts of collective mind with Verteron Galaxy residents, as the storytellers of CautronVerse. Now, as the caretakers of CautronVerse, we are beginning to tell the story of Cautron’s Universe with the story of Galaxy Verteron in the form of 2000 Unique NFTs on the Ethereum Blockchain with ERC-721 Standart. This story is for the residents of a planet called Earth from different universe and contains 2000 unique keys with CautronVerse’s quantum signature for entering the universe of Cautron from the gates of Verteron, the very blackhole at the center of Verteron Galaxy.
The World of Potatoes

The World of Potatoes

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The World of Potatoes is a metaverse world based on the NFT you own. Each NFT guarantees you land in metaverse which will harvest you a certain amount of tokens every day which will be paid to your set wallet. The potatoes will be converted to 3D and will act as metaverse bodies. Users will be able to interact with each other, harvest the profit from lands or buy even more of them. The potato (Solanum tuberosum) belongs to the solanaceae family of flowering plants. It originated and was first domesticated in the Andesmountains of South America. The potato is the third most important food crop in the world after rice and wheat in terms of human consumption. More than a billion people worldwide eat potato, and global total crop production exceeds 300 million metric tons. 🗺️ RoadMap 🗺️️ Ph 1 - Idea, sketches, and preparation - Hiring and gathering the team - Technologies research - Communication channels to gather the community of The World Of Potatoes Ph 2 - Artist creates a wonderful collection of 10,000 The World Of Potatoes NFT - Website development - Smart contract creation - Marketing strategies and campaigns to spread the knowledge of the TOWP - Whitelist gathering - Whitelist sale 2022.09.21 - Random airdrop of 50 NFTs to the people who are in the whitelist - Presale 2022.10.01 - Public sale 2022.10.06 Ph 3 - Preparation of metaverse creation - Server Launch & Testing. - 3D Potatoes development - Token creation and development - Continuation of marketing campaigns and community building Ph 4 - Metaverse development - The World Of Potatoes Lands distributed to NFT owners - Lands public sale for everyone - NFT owners' be able to harvest the profit from owned lands - TBA
PUDGY PENGUIN BILLIONAIRES

PUDGY PENGUIN BILLIONAIRES

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These Billionaire Party Penguins are Rulers of the Metaverse! 🐧 Whales 🐋 have been migrating South aiming to catch the next 100x NFT after the first Pudgy Penguins exploded to 8 ETH! Founded by the "Fair Mint Society", these fluffy cuties offer an easy gain without risk. With such strong partners and founding team, Whales are calling this the most lucrative free mint project to hit 2022 - and are shocked the mint price isn't 1 ETH... 😱 Pudgy Penguin Billionaires is a project to tell your Frens about and HODL long term. Your only regret will be selling too early! Join the community and enter the free mint whitelist now. FREE MINT - Pudgy Penguin Billionaires Chain: Ethereum Blockchain Price is FREE Twitter: https://twitter.com/PPudgyPenguins (FOLLOW US) Date: October 1, at 21:00 UTC Website: wlnd.io/pfree
Depressed Citizens Public Mint

Depressed Citizens Public Mint

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In a futuristic parallel universe, “they” control us with the concept of “dreams”; a society destination for prosperity through hard work and obedience. The media manipulates us through fear and hate as a distraction to profit from our conformity. No more. A rebellion has started. Depressed Citizens is a collection of digital art made by Juls (the Artist) and stored in the Ethereum network. The DC NFTs will be stored as ERC 721-A. The collection is comprised of 3333 NFTs minted through the depressedcitizens.com website and opensea.io for the secondary market. DC is an NFT brand motivated by a deep intent to wake up our society to social issues that are affecting us all. Issues that are often overlooked because they are so embedded in our lives that it's hard to accept that they are real. As our first effort, we intend to use our collective power to contribute part of our treasury to social causes and make a difference where we can. We hope to expand that over the years and grow a healthy-minded community of citizens that promote a sane lifestyle for the benefit of our mental health, and continue to allocate part of our funds to contribute to real-life causes. You, as the owner of a DC NFT, have as much right to your Depressed Citizens NFT as you have to your own person. We hope to establish a sense of pride in the ownership of a DC NFT and relinquish a piece of the brand to the owner. You have full ownership of the unique Depressed Citizen(s) you own and may use it in any case scenario you wish. No entity, including the Depressed Citizens brand, may not use a sold DC NFT for any scenario without the owner’s consent. In the eventuality that any sold DC NFT becomes a popular brand image, we hope to create a secondary revenue stream for the DC NFT owner that comes with these ownership rights. DC is promising 6 holder benefits: CO-GOVERNANCE TO ALLOCATE PART OF THE MINTING FUNDS TO A SOCIAL CAUSE EXCLUSIVE HOLDER CONTENT EXCLUSIVE HOLDER ONLINE EVENTS PERSONALIZED CITIZEN AIRDROP TO HOLDERS WITH MORE THAN 5 DC NFTS AUTOMATIC WHITELIST SPOT FOR SEASON 2 FULL OWNERSHIP RIGHTS TO THE OWNED DC NFT(S) For this first collection of 3333 NFTs, the DC brand plans to act on the roadmap promises upon reaching a series of minting milestones (%) as follows: 40 % MINT Holder exclusive content (Original music, Exclusive designs, Illustration workshop, Discord events and surprises). 50 % MINT Launch of DC merchandise. 70 % MINT Donate to a social cause. 90 % MINT Season 2 Guaranteed.
3PartArt - Poetry + NFTs + AI Art - PRESALE 50%
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Using the language of original poetry to inspire AI art NFTs We hope to bring joy to our community and to create truly unique 1 of 1 collectibles. We have all heard “a picture is worth a thousand words” but come explore how a few beautiful words can be worth many pictures. Poetry is supreme, poetry is words woven into magic for the soul. We will use the language of poetry to drive AI to create unique works of art. We hope to not only bring attention to AI art but also to the power of poetry and language. Our original poem "The Dreamer" from our upcoming NFT book has inspired all of the AI NFTs in our Debut collection. Get your NFT BEFORE the price hike, NFT book launch, and full-scale marketing. - 100 single edition NFTS - 11 single edition super rare NFTs to have beautiful animation effects Our full-scale marketing efforts don't begin until after the presale giving our early supporters and believers an opportunity to get in cheaper before the crowd. Thank you to all those who enjoy our work. October 1st - Presale is live October 31st - End of presale, beggining of full launch, NFT book launch on Amazon.com and marketing campaign kicks off Our full-scale marketing efforts don't begin until after the presale giving our early supporters and believers an opportunity to get in cheaper before the crowd. Thank you to all those who enjoy our work.
Just a Fucking Chicken (JAFC)

Just a Fucking Chicken (JAFC)

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Historical chicken invasion, multi-chain, multi-platform. Don't miss your chance to participate in the first real blockchain invasion. Ethereum 1-3000 FREE MINT Solana 3001-6000 FREE MINT Arbitrum 6001-6500 FREE MINT Optimism 6501-7000 FREE MINT Binance 7001-8000 FREE MINT Polygon 8001-8500 FREE MINT Fantom 8501-9000 FREE MINT Avalanche 9001-10000 FREE MINT Cronos Special edition 10$ Max 5 per Wallet We are committed to delivering quality NFTs and giving back as much as possible to our holders. We are a small team with little experience but we have a lot of determination and desire. We want to create a unique experience and promote non-fungible tokens to the world. The company is based in Canada in the city of Montreal. Prepare to see us often and for a long time in the wonderful world of blockchain technology.

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Top Tier Athletes And Their Involvement In NFT World

Top Tier Athletes And Their Involvement In NFT World

Many parents support the idea of their offspring becoming athletes and sports stars. When asking a child about their career aspirations, becoming a sports star would top the list. Though reaching the pinnacle is difficult, it is one of the best careers in the world. The attraction to sports is the players' financial gain and adulation. Anyone who reaches the top of any sport will become financially free. Furthermore, players from the most popular sports are celebrities on par with actors and famous businesspeople.

The vast sums involved in sports are due to the massive interest and demand from the general public. People love sports and are willing to pay enormous money to watch sporting events. Due to the fascination, businesses not involved with sports pay massive advertising fees to become associated with the sport. There are many sports, from golf, martial arts, cycling, and racket sports to track and field events. It is an endless list.

However, some sports have better earning potential than others. Sports such as soccer, football, basketball, golf, and tennis are some lucrative sporting activities. Anyone who reaches the pinnacle in these activities will easily earn millions of dollars. There are few sports stars whose fortunes run into billions. Earnings are not limited to the salary received from the clubs. Top sports stars can accumulate wealth through endorsements, sponsorship deals, and payments from their clubs. The massive earnings are due to the player's skill set combined with their popularity. A famous, well-loved star will command the highest salaries.

Investment Options For Sport Stars

Like all wealthy people, sports stars invest their income; they use their finance to buy more wealth. It makes zero sense for money to sit idle in bank accounts. Investments take all kinds of forms. From starting their own business, investing in other companies to involvement in financial markets are some of the popular forms of investments. Cryptocurrencies and their associated technologies have become mainstream in the last few years. The portfolio of many wealthy people, including sports stars, usually has some investment in this arena.

Investing In NFTs

Non Fungible Tokens (NFTs) are one way to invest in cryptocurrency technologies. This field has attracted many sports stars. Some famous sports stars who hold NFTs include Stephen Curry, Serena Williams, Shaquille O'Neal, and Neymar Jr. These are just a few of the hundreds of sports stars who have become involved with NFTs.

NFTs, with their cartoon art representation, appear fun and appeal to the younger generation. Given that the sports star demographic is of the lower age bracket, it makes perfect sense for these people to invest in NFTs. Owning NFTs can help market sports stars and their brands. Becoming associated with a popular NFT collection will increase the media coverage received. For example, if an athlete buys a blue-chip NFT such as the Board Ape Yacht Club, the news will be seen on all major outlets and social media channels. This is a win-win situation for both the project and the athlete.

The more an athlete is featured in the popular media, the more it enhances their prominence. It allows them to demand more outstanding salaries and endorsements. The involvement of top-tier athletes will help drive up the price of the NFT, a good situation for the NFT project. Additionally, NFTs are an investment opportunity. Though buying NFTs is highly speculative, there is an excellent chance that blue-chip projects will see a price rise. Top-tier NFT projects such as BAYC and Azuki continue to see a price increase.

NFTs can help well-known athletes connect with their fans. The trend is for athletes to buy NFTs from significant projects to date. There will be a more significant number of athletes who will release their own NFT collections. It offers the athlete a way to bond with fans in new and innovative ways.

Holders gain the opportunity to meet the star or receive merchandise. This helps to solidify the relationship; it will lead the fans to become even more interested in the athlete's brand and helps to foster a community of fans in ways never seen before. There is also a financial benefit for the fans. Owning the NFTs of a sports star, the fan can sell these assets. Previously the relationship has been a one-way street; the athlete benefited from fans without much reciprocity.

If the perceived value of the star is on the rise, the price of the NFT will increase. It offers the opportunity for the holder to sell their NFTs for a profit.  NFTs open up all manner of possibilities in the world of sports. Sporting clubs can sell NFTs, which will offer their fans the opportunity to gain merchandise, special ticket allocation, or vote on club governance. NFTs are relatively novel, but there is no doubt that this is a field that opens up opportunities never seen before in the world of sports.

 

Apr 9, 2022
Kate
The Importance Of The Founder In NFT Projects

The Importance Of The Founder In NFT Projects

People who've followed NFTs for some time are aware of these essential considerations when buying NFTs.  Many new members of the NFT community overlook this critical aspect.

Many newbies buy NFTs without much consideration. The usual pattern is for people to hear about NFTs, find the NFT community on Social Media platforms such as Twitter, and become part of the Discord servers of various projects.

A busy server and quality artwork ensure the newbie becomes involved in the community. It leads to the person minting the NFT on launch.

Following the mint, it's common to see the price of the NFT fall in value. After a few months, the founders neglect the project, and the holders find themselves with an NFT with little value.

Since this neglect has been the standard pattern seen throughout 2021, most NFTs on the secondary market are worth less than the price paid on launch.

There have been numerous cash grabs. The founders make six figures from the NFT project, but the investors have a losing asset.

The success stories in the NFT space have received praise. For example, the Bored Ape Yacht Club (BAYC) is admired throughout the NFT community, and any NFT stories in the mainstream media feature the BAYC regularly.

For every successful project, there are far more failures.


Mistakes Made By More Experienced NFT Buyers.

After spending time in the NFT community, people become aware of the requirements of a good project. They commonly look for the following characteristics:

Doxxed Team. The team mustn't be anonymous. Anonymous groups are more prone to carry out rug pulls (where the founders close the project after launch). Investors have no idea of the identity of the founders. As a result, the groups can quickly abandon the project and scam the investors.

Great Community. There must be a sizable community behind the NFT project. People look at Social Media and Discord profiles to gauge the size of the community. Without a community, there is no one to buy the NFTs.

Good Artwork. Essential to ensure the artwork is high quality and in line with the current trends. For example, there is a great deal of admiration for the artwork by Doodles and Invisible Friends NFT projects.

Utilities. Projects need more than artwork to become a success. The only exception is if the NFTs are from an established artist such as Beeple, Banksy, or another artist with a big following in the traditional art world.

Projects without a well-established artist need to provide utilities in the form of Play To Earn games, events, staking possibilities, and more.

People seeking these factors in projects are better positioned than newbies. But many projects satisfying these conditions still fail to succeed, especially in this current climate where the NFT space is experiencing a bear market.


The Importance Of The Founder

The most critical factor in a project is the founder. Many investors entertain projects because the founder is well known. They could be a celebrity or an industry leader.

Unfortunately, many of these projects flounder in the long term. Shortly after mint, there is a pump in price. But a few months after the launch, the value has become less than the mint price.

The founders are not highly active in the project; they make no effort to immerse themselves in the community.

It leads people to conclude (probably correctly) the founders are not interested in the project. The community loses faith, sells their NFTs, and projects end up in the backwaters of the secondary market.

A successful project is one where the founder engages with the community. They should be active before and after the launch. Making themselves involved in the conversations on Discord and Ask Me Anything (AMA) or Twitter Space shows a genuine interest in the project.

An example of a successful project is VeeFriends by Gary Vee. The founder is always available. He is constantly talking about his projects on Social Media and does not go missing in action.

 

Wrapping Up

The most important consideration for any NFT collection is the founder, motives, and project vision.

Unfortunately, the NFT world has seen many cash grabs. The devs and the founders fail to take much interest following the launch.

The reality is that unless the NFT collection is by a genuine, highly established artist, the project starts after the launch.

The easy part is the stage up to the launch; it's the segment where the founders are raising capital to realize a vision. Making their promises become a reality involves hard work.

To date, in the NFT space, many founders are fond of the idea of raising capital. But dislike the effort to complete the project and make the utilities and the roadmap a reality.

Many experienced investors in the NFT community understand the situation and no longer mint NFTs easily. This is a contrasting situation to 2021, where people readily bought NFTs.

Perhaps this explains the current bear trend in the NFT world; sales volumes are significantly lower than the record-breaking numbers a few months ago.

For the investor, the best approach is to take a great deal of interest in the founder. Presenting evidence of interest by the founder ensures confidence in the community.

The involvement of a famous name does not guarantee long-term success.

 

Mar 31, 2022
Bill
Common NFT Scams: Identified

Common NFT Scams: Identified

Scams exist in many areas of life, defined as fraudulently obtaining money or goods from unsuspecting victims. 

The Internet is hugely beneficial for society and helps improve many people's lives. But it has led to criminals using it to defraud people—from phishing and fake shopping websites to dating scams. 

Cryptocurrencies use the Internet and are not exempt from scams. The anonymous nature of cryptocurrencies has made things easier for fraudsters. 

NFTs are an extension of cryptocurrencies and are an arena with frauds targeting newbies and the uninformed. Since this is a relatively new technology, most people have likely been victims of one form of scam or another.

What are some of the common NFT scams?

Rug Pulls

After a project launch, the founders exit the project with investors' funds. The founders close the assets associated with the project, such as the Discord server and Twitter account, and leave the scene. With the founders no longer involved and little trace of the project, the price of the NFTs decreases until it becomes worthless. The investors possess nothing more than NFT JPG images on the blockchain. 

The NFT space has been rife with these scams throughout 2021. As people become aware, these deceptions are becoming less common.

Anonymous founders carry out rug pulls; people have no idea of the real identity. Given the anonymity and lack of traceability with crypto wallets, it's a straightforward scam to perpetuate.

Cash Grabs 

This is rife in the NFT space. The founders of the project promise various developments for the project. 

After the launch, they fail to implement these promises. Over time, the value of the NFTs decreases, and the investors are left holding the bag. 

Nearly every NFT investor has been a victim of such activities. Such schemes are also known as a slow rug; the founders leave the project slowly. 

These schemes are difficult to classify as a fraud; the founders are in a position to kick their promises into the long grass. And many often come up with all manner of excuses why developments fail to progress. 

Pump And Dump 

This is where an individual or a group of people team up to buy large quantities of the cheapest NFTs in the collection (buying the floor price). 

They drive up the collection price, also known as "sweeping the floor" or "wash trading." After a significant price increase, the NFTs are sold for a profit, and the culprits exit the market. The value of the NFTs decreases, people are left with NFTs worth less than the price paid. 

The project founders are known to engage in such practices to drive up the price of their collection.

Project Impersonation

Fraudsters try to mimic real projects by creating websites and social media profiles with a similar appearance to the actual project. 

They aim to lure unsuspecting victims to a website and mint fake NFTs. The victim connects their wallet to mint an NFT, which turns out to be an empty file. 

Victims are targeted through direct messages or posting links in the comment section of Social Media platforms.

The problem has become rampant: fraudsters routinely hijack the real Discord server of a project, disabling the power of admins and moderators and placing links to direct members to a fake minting website. 

Customer Support Scams

This is a problem commonly seen on Discord and Telegram. Scammers contact through direct messages offering to help people mint NFTs or provide bonus airdrops.

As a customer service representative, the scammer tries to obtain wallet details such as passwords and the seed phrase. Using the information, fraudsters drain the funds from the wallet.

The problem is that NFT projects warn members not to engage in direct message conversations. Official members of staff have ceased contact with members directly through direct messages. 

Experienced people will not fall victim to such scams; newbies are the intended targets. 

Intellectual Property Theft And Fake Collections

There are projects known to take the artwork from talented artists and use it for their collection. Without agreements in place, this is a form of theft.

Projects using artwork from an artist without permission are a theme in the NFT community. 

On discovery, the reputation falls, and the value of the NFTs decline in price; it becomes a loss-making investment.

Some individuals take artwork from upcoming projects, load it to marketplaces such as Open Sea and aim to impersonate the actual project.

Buyers of these NFTs become victims of a scam.

Conclusion

Scams are common because the NFT market is new, with many new people entering the space. It allows fraudsters to exploit inexperience and vulnerabilities.

The best approach for a newbie is spending time in the NFT community, networking with others on platforms such as Discord, and becoming fully aware of the technology before major investment sprees.

Mar 24, 2022
Kate
Yuga Labs & Bored Ape Yacht Club (BAYC) Launch ApeCoin Tokens

Yuga Labs & Bored Ape Yacht Club (BAYC) Launch ApeCoin Tokens

Bored Ape Yacht Club (BAYC) is the most iconic NFT collection; it's set the standard for others to follow. The nearest rival CryptoPunks, based on nothing more than artwork, was taken over by BAYC's creators, Yuga Labs, in March 2022. This acquisition has created the biggest juggernaut in the NFT world; no other project comes close in size.

BAYC 's success depends on its ability to evolve, pivot, and provide value to its holders. While many projects offer artwork and no more, BAYC has significantly contributed to the NFT world. They airdropped NFTs from other projects (such as Bored Ape Mutant Club and Bored Ape Kennel Club) to BAYC NFT owners, provided in-person events, and developed online games for its members. Yuga Labs allows the holders to use the NFT they own to create and sell merchandise.

 What is ApeCoin?

As part of this ability to grow, in March, Yuga Labs collaborated with the collective named ApeCoin DAO to drop ApeCoin ($APE) token.

ApeCoin acts as a digital currency in the same way as many other cryptocurrencies. People will be able to spend ApeCoins on upcoming products and services BAYC will offer, including the Play To Earn game launching in 2022. The hope is that ApeCoin may evolve beyond the BAYC ecosystem in the future.

There is a difference between Apecoin and cryptocurrencies such as Bitcoin, Ethereum, and Solana. Bitcoin, Ethereum, and Solana are native coins derived from their perspective blockchain. Apecoin does not have its blockchain and resides on the Ethereum mainnet; it's considered a token rather than a coin.

ApeCoins are not too dissimilar to Axie Infinity Shards (AXS), the native governance token of the Axie Infinity network. Axie Infinity players can buy, sell and trade using Axie Infinity Shards.


Distribution

A total of 1 billion ApeCoins were available; the allocation was as follows:

15% to the holders of Bored Ape Yacht Club and Bored Ape Mutant Club holders,

15% to Yuga Labs,

14% to the partners that helped launch the tokens,

8% to Yuga Labs founders,

1% to charitable events,

47% to ApeCoin DAO

ApeCoin DAO

ApeCoin DAO is part of the Ape Foundation, the governance behind the token. They have the power to manage the everyday running, project management, and bookkeeping of the token system. Holders of the ApeCoins and the DAO can dictate the ecosystem's future, thus making ApeCoin a decentralized system.

 ApeCoin DAO consists of leaders from the Social Media, gaming, and crypto space. These people include Alexis Ohanian (from Reddit), Amy Wu (from FTX), Dean Steinbeck (from Horizen Labs), Maaria Bajwa (from Sound Ventures), and Yat Siu (from Animoca Brands).

The BAYC project and Yuga Labs are separate entities from the ApeCoin DAO. If BAYC and Yuga Labs were closely connected, the project would come under the scrutiny of The Securities and Exchange Council of the United States. The Securities and Exchange Council is the government organization responsible for regulating Securities and protecting investors. To date, the organization has not focussed on NFT projects.

Launch 

On launch, the price of ApeCoins started at almost $40 per token. During the day, the token fell to around $6 as people who received free tokens sold their share. A few days into the launch, the price of the ApeCoin sits at around $11. The vast market cap size has meant that ApeCoin is in the top 50 of all cryptocurrencies.

The token was available on all major exchanges such as Coinbase, Binance, KuCoin, and FTX. It's unusual for new tokens to be widely known, but the popularity of the BAYC meant exchanges readily accepted ApeCoin onto their platform.

Original holders of BAYC NFTs were given 10,094 tokens for each NFT they held. This translates to nearly $400k at the price height and $60k near the bottom.

ApeCoins show that the Bored Ape Yacht Club project continually provides the holders with utilities. These utilities translate into social and financial gain. Unfortunately, the NFT space is riddled with scams and rug pulls. But Yuga Labs have set the blueprint for what makes a fantastic NFT project, an aspiration for other projects to follow.

No one can predict the price movement of digital currencies; there are no guarantees of price increases. The ecosystem created by Yuga Labs is continually expanding rapidly; it's probably a good bet to suggest ApeCoins are potentially a significant investment.

As always, do your own research before investing.

 

 

 

 

Mar 23, 2022
Dave