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Millennial Money

Millennial Money

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Millennial Money a signal provider service for the US Stock Market! We encourage people to invest the profits generated from our signals into the New world money! Cryptocurrency. Now our unique Digital Collectibles lives on the Ethereum Blockchain! The most influential people on New York City's Wall Street!
The Defi Mafia Presents: Dr Körpus Collection Ö1
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The Defi Mafia Presents: Dr Körpus: The Flesh of Humanity Collection Ö1   Dr Körpus and The Flesh öf Humanity series marks the beginning of an epic story set in a dystopian future where humanity exists in the Metaverse devoid of any physical connection.   The engineered DNA that Dr. Körpus had developed for Würld Pür was exactly what the Tech Oligarchy wanted. It was perfect. It was a prison. Hundreds of thousands of years of evolution combined 46 chromosomes in a wondrous double helix pattern. The DNA molecule.   This is your chance to acquire one of the 462 original drawings from Dr. Körpus’ research as he prepares his army to save humanity from itself.   The battle for The Flesh öf Humanity starts with Series Ö1. Dr. Körpus is the first fully integrated project launch by The DefiMafia, and the Dr. Körpus NFT is a golden ticket with exclusive benefits. With Series Ö1, you gain access to Series Ö2 of 3D characters, and Series Ö3 with full character game Integration into the upcoming DefiMafia Blood Bath PVP game. And with the land we acquire in Sandbox, the Blood Bath Arena is where you can personally wage the battle for The Flesh öf Humanity. Official Dr. Körpus Sandbox Avatars are coming soon, so you better be holding on to one of the 462 NFTs from Series Ö1. We have a bunch of surprises along the way and super rare soldiers in the Dr. Körpus army. In fact, your NFT could end up in a future video game or movie!   About the Artist: The word “prodigy” perfectly describes the amazingly creative mind behind Dr. Körpus. Drawing only on his phone, he began to create a portfolio that would rival any of the big video game and movie studios. But now armed with state-of-the-art equipment along with an experienced team of writers and Hollywood producers, the Battle for the Flesh öf Humanity begins. 462 ACTUALLY hand-drawn NFTs (no computer generated drawings in this collection)   Why 462 you ask? The human genome consists of 23 chromosomes from the female and 23 from the male. Humanity stitched together by nature. But now in the Metaverse, gender only has the veneer of reality. The 23rd chromosome doesn’t determine your sex any longer, and that is where Dr. Körpus focused his research with the addition of the two extra chromosomes in the “Seed”. Forty-Six & Two. Black to white. Dark to light. Demon to God. The final sketch. “Are these 462 demons or 462 gods?” sighed Dr. Körpus with a smile. The battle for The Flesh öf Humanity is about to begin.   Series Ö1: Ethereum Blockchain Price .666 ETH per NFT Max 1 Per Whitelist Spot   For more information on upcoming projects and the exclusive benefits offered to holders, visit www.TheDefiMafia.com
Ladies Love Shopping

Ladies Love Shopping

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Ladies Love Shopping presents a fashion marketplace brand to give and inspire the ladies world of fashion, beauty, homeware, lifestyle and shopping with natural intense feelings of every lady. Ladies love shopping are Launching their NFT Collection to give holders unique amazing shopping utilities and a way which we can build our community and brand together in a dedicated manner. Ladies Love Shopping presents a fashion marketplace brand to give and inspire the ladies world of fashion, beauty, homeware, lifestyle and shopping with natural intense feelings of every lady. We are passionate about fulfilling this unending desires to every lady out there, through our brand and we are committed to the NFT Space which gives an opportunity to start up together and grow together. We believe and hope you will ride through this journey with us. Check more information on our nft launch website https://ladiesloveshoppingnft.com
Non Fungible Program | Ean coins with Git Push
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Non Fungible Program (NFP) is an NFT project that pays people while they are coding for any open-sourced projects. 
 Every NFP can be linked to one or multiple Github accounts.

 Both the NFP owner and the developer earn coins every time an open-source piece of code is published. Litepaper is available here: https://litepaper.nonfungibleprogram.com __________________ TL;DR - Our NFT allows developers to earn crypto by pushing code on GitHub or by renting it. - We want to push open source to the next level - By creating an NFT that allows Developers and Holders to earn crypto tokens at each contribution on Github - Developers and Non-Developers can earn crypto coins thanks to our utility tokenomic - As early members, this is a huge opportunity Feel free to join us on Discord to not miss any airdrop.
Primitive Club

Primitive Club

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"Since the metaverse is evolving rapidly, The information transmitted between the data is too massive, The overflowing data gradually formed a two-dimensional primitive planet at the edge of the universe. The primitive planet followed the history of human evolution and gave birth to primitive humans. They also gradually learn to use tools. They discovered fire during evolution and created new things with fire. Then priests were born, and the culture is continually being passed on, and their world is generating infinite possibilities..." roadmap: "Stage 1 Whitelist Assemble Primitive Club will launch Discord server as a signal for club gathering. Players can jump to our club through major social networks. At that time, we will randomly select 5 users from WHITELIST to airdrop PRIMITIVE NFTwithin 24 hours before minting. At the mean time, WHITELIST users can mint at a price of 0.035 ETH. Stage 2 (minting 25%) Tribal Gathering When the population of the tribe reaches the expected 25%, we will airdrop 10 PRIMITIVEs to randomly selected users. Stage 3 (minting 50%) Wizard Rally When the tribe's population reaches 50%, we will airdrop 5 WIZARDs or WITCHEs to randomly selected users. Stage 4 (minting 75%) Build a team of wizards When the tribe's population reaches 75%, we will airdrop another 10 WIZARDs or WITCHEs to randomly selected users. Stage 5 (minting 100%) Tribal Land After minting is successfully completed, Primitive Club 2.0 will be launched. We will purchase a virtual land for Primitive Club in the Metaverse to maximize the immersive experience of the project."
Primitive Club

Primitive Club

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"Since the metaverse is evolving rapidly, The information transmitted between the data is too massive, The overflowing data gradually formed a two-dimensional primitive planet at the edge of the universe. The primitive planet followed the history of human evolution and gave birth to primitive humans. They also gradually learn to use tools. They discovered fire during evolution and created new things with fire. Then priests were born, and the culture is continually being passed on, and their world is generating infinite possibilities..." roadmap: "1 Whitelist Assemble Primitive Club will randomly select 5 users from WHITELIST to airdrop PRIMITIVE NFT within 24 hours before minting and they can mint at a price of 0.035 ETH. 2 (minting 25%) Tribal Gathering When the population of the tribe reaches the expected 25%, we will airdrop 10 PRIMITIVEs to randomly selected users. 3 (minting 50%) Wizard Rally When the tribe's population reaches 50%, we will airdrop 5 WIZARDs or WITCHEs to randomly selected users. 4 (minting 75%) Build a team of wizards When the tribe's population reaches 75%, we will airdrop another 10 WIZARDs or WITCHEs to randomly selected users. 5 (minting 100%) Tribal Land After minting is successfully completed, Primitive Club 2.0 will be launched. We will purchase a virtual land for Primitive Club in the Metaverse to maximize the immersive experience of the project."
First Ever NFT Soccer Team

First Ever NFT Soccer Team

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Presenting the FIRST EVER NFT SOCCER TEAM, an Elite collection hand made in tribute to future stars, VIPs and Legends we all know and love! Every artwork is One Of A Kind and will not be replicated. New Drops are released weekly featuring the best players we see fit for our collection with help from our community. 50% We will ship out our exclusive merchandise for free to a bunch of lucky winners that holds the first ever crypto players, and will launch our online shop to purchase the merchandise as well 60% We will send out 10 lucky winners a first ever crypto players jersey signed by the creators 80% We will grant 10 El-Clásico tickets for the 2022/23 season to crypto players holders 90% we will launch our community hub, where our community members could watch games and comment on the games, together 100% We will fly out one of you to meet us at our headquarters and go together to the champions league finals, and invest back into the community by investing into low income players and helping them reach their goals
Autistic Adventures

Autistic Adventures

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10,023 Bees going on an Autistic Adventure! “We aren't anti-social... We're anti-low vibing energy, anti-fakeness, and anti-bullsh*t.” Did you know that these little pollinators create one in every three bites of food? Bee populations are rapidly declining due to habitat loss, diseases, pollution, increased apathy and the fact that there's just little to no money in beekeeping. So that's why we are "Saving the Bees with NFTs!" We are creating The Bee Collab Sanctuary Live on Stream to conserve the Bees and spread the importance of their existence as we transition into the Metaverse. Each NFT acts as a Bee-ingo card that will have a chance to win $1000 everyday for an entire year while you watch us build the TBC Sanctuary. Collection drops May 23rd, come join the hive and Save the Bees With NFTS!
Glody Knights NFT Mint

Glody Knights NFT Mint

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IRL rewards based of the NFTs rarity. Upgrade it and earn more! Guiding & launching space for the new Era of NFTs artists & creators. GlodyKnights is a collection of 6,500 Knights and Warriors, entirely unique and randomly generated, on the Ethereum Blockchain. With over 200+ hand drawn traits inspired from the well known legendary heroes and being led by Glod knowledge, all Knights and Warriors are ready to protect the Metaverse. GlodyKnights means a unique Story that keeps unfolding, each individual Knight or Warrior can live a normal life or choose his own fights in the Metaverse, but they will prosper only if they fight as an elite troop or live together as a community. IRL Items based of nft rarity Knights and Warriors Family The Forge - Hybrid Online Store Glody Kingdom Verse
DummyVegs

DummyVegs

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Have you ever wondered where the expired vegetables that we throw away end up? They are building their own state! Unique 555 DummyVegs! Mint Date: May 25th Price: 0.55Sol Blockchain: Solana Website: http://dummyvegs.com/ Twitter: https://twitter.com/dummy_vegs Discord: https://discord.com/invite/8PsVkGTu2r NFTs are unique cryptographic tokens that exist on a blockchain and cannot be replicated. NFTs represent real-world items like artwork and real estate. "Tokenizing" these real-world tangible assets makes buying, selling, and trading them more efficient while reducing the probability of fraud. Also function to represent individuals' identities, property rights, and more. A blockchain is a digitally distributed, decentralized, public ledger that exists across a network. It is most noteworthy in its use with cryptocurrencies and NFTs.
Pig Boss Club

Pig Boss Club

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What is Pig Boss Club? Our team has been working in crypto sphere since 2015. At that moment we had no idea that our temporary hobby will grow into a serious business and will unite like-minded people into a great team! All these years we’ve been analyzing the crypto market and predicting the potential rise of tokens’ prices. We were extremely happy to do something we were passionate about, to develop our skills in the field, to gain new experience etc. Even at that time we knew that this was the future. Our team visited multiple conferences in different European countries to keep up with the latest crypto trends. Obviously, it wasn’t always easy, but it never stopped us from doing what we loved to do. We were extremely inspired to evolve! In the spring 2020 we started to immerse in NFT space. The main reason was quite simple: it was very similar to our main activity. The art will always be valuable and will only increase in value with time. But the art built in blockchain industry was something unbelievable! So we decided to take a little break to see how the world is gonna treat this new trend. Before the end of the august we realized that people become more and more interested in NFT every day! By that time, we knew for sure that we wanted to make our own brand and unique NFT token. We didn’t want to hurry! For a long period of time we were selecting stuff, including painters, marketers, managers etc. And after 8 months of preparation, we are ready to start! 2. What is Pig Boss Club NFT collection PBC is a collection of 10,000 unique Pig Boss Club tokens on the Ethereum blockchain. Since September 2021 till this day, we have been working on our product, PBC is not just a one-time NFTs, it is something more. Our plans include: 1. The release of the Genesis 2D collection, which will be our first product. Later the Genesis collection will be kind of a key to go through all the stages of our roadmap and build a brand, whose owner you will also be! 2. After the mint there will be an opportunity for all Genesis 2D holders to send their tokens for staking, in the further paragraphs we will make it clear why we are making our own crypto currency. 3. Genesis 2D holders will get access to mint 3D PBC, NFT data will be in demand in our own game developed on the ETH blockchain. 4. Listing of PBCT and presentation of the game (you can find out more information in our discord server in the “Roadmap” section). 3. Delivery plan: Supply: 10,000 unique tokens (our 2D collection contains more than 1,000 layers, which is at least 3 times more than the standard number of 10,000 tokens, due to this, each NFT will be as different as possible from the other) Presale: We plan to distribute 3,000 whitelists, community users who have received an invitation to a closed presale will be able to mint up to 3 tokens per wallet. The remaining tokens will be available later on a public sale. Mint and royalty: The price of the token on the closed sale will be 0.055 ETH, we have made the minimum price for our users to give everyone the opportunity to get one Pig Boss. Royalty on the trading floor will be set at 10%. The proceeds from the royalty will go towards our next brand promotions, brand scaling, and giveaways for PBC holders! Our team is looking forward to when we put all these points together. The goal of our team is to build a high-quality, multi-faceted PBC brand which will be respectable in this industry, perform large-scale work, give users quality, and also provide our investors with passive income that can be converted in various, non-standard ways.
The Trashers

The Trashers

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The Trashers are an NFT collection of 10k mutant blobs of radioactive waste infesting the Ethereum blockchain. With hundreds of attributes and features, they're ready to leak into every alley of the Metaverse. While researching the possibilities of using residues to create artificial life, an electric failure at the secret lab accidentally opened the barrels containing the experiment. The specimens broke free in a radioactive waste leak, going straight into the Ethereum blockchain and producing 10k mutant blobs of trash ready to infest your wallet. With over 250 different attributes and several levels of rarity, the Trashers have escaped the reach of the recycling plant and are now ingrained in every alley of the Metaverse. We’re dealing with very high levels of toxicity, so we will be sure to procede with extreme caution and pay close attention to the wishes of our community. JOIN NOW FOR FREE MINT!
Kazi NFT

Kazi NFT

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Kazi is a 5000-piece collection on the Ethereum blockchain with doxxed team. This PFP project doubles up as an entry ticket to huge giveaways, metaverse land ownership, merchandise, renting, staking, earning and more! Using the NFTworlds metaverse platform to build and grow out multiple P2E platforms, Metaverse builds and more. Giveaways to holders will occur daily / weekly / monthly with prizes worth 5 figures up for grabs! Kazi NFT can return a yield of: -$Wrld from staked NFTworlds -P2E metaverse experience -Metaverse land ownership -A share of 100+ Eth in prizes -Partial share of the 50% reserved from merch sales -A playable NFTworlds skin -A share of weekly royalties See more details through our link tree to website, roadmap, whitepaper and more: linktr.ee/kazinft We have previous experience with NFT space. That's one of the reasons why we decided to reveal our identity.
Tender Cats

Tender Cats

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An exclusive drop of 144 memories of a dear cat on the Solana blockchain. We don’t know if she was the best cat of all time, but statistical analysis has placed her firmly in the top ten. Own an individually numbered piece of the first pet memorial NFT collection on Solana, and share in the celebration of a really special friend. 10% of mint proceeds benefit animals and caretakers in Ukraine. All holders of this collection and future collections will gain early access to the upcoming skills recognition platform from a lead author of Open Badges and creator of Badgr (see roadmap). These NFTs are also available in meatspace as a randomly selected sticker pack. --- Are you tired of NFT projects selling you a vision of a social life centered around their particular collection of pixel art? Would you rather make connections in your area and the metaverse based on your interests that are open to your friends who didn’t get in on an exclusive mint too? NFTs can be more than just something you own. They can be a sign of wealth and style, sure. But to build interoperability and diversity in our Web3 communities, we need to do more than just spinning up a discord server for people to talk about a particular set of images. Value needs to be based on more than simple scarcity and the first-party utilities offered to holders. As we appreciate art, we need to connect people to real world opportunities, and we need to build something fresher than a tiny copy of the social media silos that we’re trying to replace. If we want to really decentralize the web and put control of identity back in the hands of the end users, rather than the platforms, we need to practice ways of forming and understanding identity that allow for individuality and expression that connect data on-chain with off-chain portable data and our experience in the physical world. What we choose to express about ourselves should infuse our communities with meaning and personality.
TIRED SYSTEM

TIRED SYSTEM

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◾ The Tired System is a collection of unique various NFT'S ◾ Designed by professional digital artists on the Polygon blockchain ◾ The Tired System is unusual project with strengths ◾My NFT is art of different artists from my team, which is connected into one single whole by usingthe blockchain and the possibilities of the metaverse. ◾Also the Tired team launches exhibitions in the metaverse now available and anyone can see and play.

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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