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

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

Dragoverse NFT Pre-Mint!

Dragoverse NFT Pre-Mint!

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Dragoverse (DRGV) is a Collection of 10.000 Animated NFTs (The Metagons!). They are stored as ERC-721 tokens on the Ethereum blockchain. All images are securely and permanently stored in IPFS. Each Metagon is unique. There are no duplicate items in the collection. 🧨FREE WHITELIST ENTRY NOW ON DISCORD!🧨 【🔥】Became a Trainer, take part in a fantastic Adventure with us! 【🫂】Make new friends, meet other trainers and NFT enthusiasts. 【🎖️】Discover all members benefits, obtain prizes with Giveaways and Community Events. 【🌎】Discover our amazing long-term Roadmap. 【🚀 】Enter a fabolous universe of multi-platform games. 【💰】Share your Dragoverse NFTs, make offers or trade them. 🌍OUR ROADMAP!🌎 10% ➞ First Nfts Giveaway 25% ➞ Second Nfts Giveaway and Promotion Campaign 40% ➞ Development of the first game begins! 50% ➞ Introduction of DRGV Token 75% ➞ Introduction of staking 100% ➞ Breeding, Evolutions and More!
SLATE-1 K-Drama Membership W/L
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The First K-Drama Studio Membership NFT - WHAT IT IS Time-share Film Studio Membership NFT and Community Driven K-Contents Accelerator - THE NFT & ITS PERKS 1) Commercial Membership 1-Hour Studio Rental 2) PFP Airdrops Staked NFTs Generate Unique PFPs 3) General Membership Stake Your NFT to get Governance Tokens 4) Donate to Filmmakers Donate Governance Tokens to Fund Your Favorite Projects 5) Community Perks Network Evening for Contents Creators and Fans at Screening Events 6) VIP Showcase Production Participation and Invitations to GALA dinners & Showcase Events - MEMBERSHIP TIERS Membership Tier and # of NFTs / Community Perks RED (1ea) / Governance Tokens PURPLE (5ea) / RED Tier Perks + Screening Events BLACK (5ea of Every Collection) / PURPLE Tier Perks + Production Participation + GALA Dinners - DETAILS Slate-1 is tokenization project for Korea's movie studios which are currently operating. 50% of total membership will be tokenized and minted as NFTs. It is Korea's first commercial membership NFT project. NFTs are essentially timeshare tickets to a network of studios of KORADs. Slate-1 brings filmmakers, contents creators, and general together for a new and exciting community. General public and K-Drama fans can stake their NFTs for governance tokens and fund their favorite filmmakers and projects. Our project aims to establish a direct communication between content creators and their fan base. From preproduction stage, fans and general public can now interact with filmmaker community which will fuel the projects with fresh ideas and voice of customers. Filmmakers around the world will benefit from loyal fans gathered to back their projects at the earliest production stages. The ultimate goal is to create dynamic community filled with fans and content creators alike, which will raise interactive contents creation to a new level.
ClashPets Mint

ClashPets Mint

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We will be minting 10,000 Clashpets passes that will guarantee you 60+ NFT’s during the next 12 months as we roll out in-game mechanics. These passes allow you to receive an airdrop for upcoming in-game NFT Pets, PFP’s, Land, Farm Seeds, and Marketplace items. The idea behind this is that we will have a raffle allow list for 10,000 passes and holding the pass will allow you to receive airdrops without having to be active or interact in a gas war. Having a Genesis pass means you will receive 60+ NFT’s that will immerse you in our ecosystem without having to keep purchasing additional drops or mints to enjoy the game’s full experience. You can expect to receive 3 Pets, 1 PFP, 1 Watch, 1 Deed to a land parcel, many seeds for your farm, as well as marketplace items like potions and experience shares too! Pass holders can expect Alpha Access to game developments and new releases. Feel free to check out our Whitepaper to learn about the campaign story mode and more expansive details and what`s coming!
WarriorBatz

WarriorBatz

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About the great collection: Once we had an idea.......we thought about create an beautiful NFT collection, which will be loved by many people and NFT-Fans. WarriorBatz the army of superheroes from the planet Crypto has landed on Earth. Their mission is to find more warriors who want to join with them in conquering the hearts of NFT fans with the WarriorBatz. The way to a glorious future is now open, we just have to walk it. WarriorBatz is a great collection of 10,000 randomly generated and unique NFT art. Traits: 291 Backgrounds 291 Body variants 90 clothes 100 headdresses More than 60 glasses, wings and weapons WarriorBatz allows art lovers to own a very beautyful unique art piece. The collection is created with many body types, faces, accessoires and specials. LOVE THEM & COLLECT THEM ALL! The NFTs are listed @ opensea SALE START 28-05-2022
BurgerHeadz

BurgerHeadz

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BurgerHeadz is an NFT collection on the Solana blockchain that is dedicated to building the food truck franchise of your dreams. Holders will have access to high discounts, voting privileges, community rewards, franchise funding, and special airdrops when we launch our token. If you’re searching for a real NFT project that offers utility and holder benefits you’ve found it. There are 10K unique BurgerHeadz and 6 super rare 1 of 1’s. Join our Discord early to get access to our whitelist details and view the 6 super rare NFTs. Over the next coming weeks leading up to launch we’ll host a bunch of challenges and giveaways. WHY MINT? The simple answer, you love Burgers, and NFTs. The deep answer, you want to be part of something bigger than a PFP community. You want to have a stake in a real project that is both rewarding and tasty. You want to help create more jobs and opportunities for others in the real world but also for web3. Finally you’re a leader who wants to advance the NFT and web3 ecosystem. If you love Burgers and NFTs you’ve found your home.
Peace101

Peace101

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“peace101” is a collaborative 6,000-piece generative art collection initiated by Robert McAdam, PhD. At 101 years of age, Bob is the oldest known NFT artist in the world, and as such, “peace101” is a world record collectible. Bob’s story is remarkable, and as a former World War II POW, who survived Nazi imprisonment and near starvation, his call for peace is both timeless and timely. In artistic collaboration with the Digital Development Corporation, this colorful collection incorporates memorable icons of his life, including those representing the sacrifices of soldiers fighting for justice, while displaying images of peace and hope. It is a global call for peace… Who is Bob McAdam? Bob McAdam is 101 years old US veteran, and is the oldest collaborative NFT artist in the world. He is launching “peace101” as a 6,000 piece NFT collection.
THE EVE GLASSES Francis de Lara First NFT drop
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EMBRACING PAST WITH PRESENT Francis de Lara loves embracing the past with the present; what more apt next step in evolution than to dive into the metaverse and the future with NFTs and meta-wearables? Francis de Lara is all about innovation, whilst having a strong reference to the Renaissance period and the artful romance of the time. The genesis ‘Eve’ bejewelled glasses are now set to embrace the future with this inaugural BNV NFT drop. Extending the brand’s unique aesthetic that mixes the historical references with avant garde designs, the Genesis Eve drop takes inspiration from the Renaissance period and reinterprets it with exquisite design. The drop will consist of 10 pairs of ‘Eve’ glasses, which are a digital version of the brand's iconic one of a kind haute couture jewellery-eyewear piece which sells for £19,800, and will be available via public sales on a first come first serve basis. The price will be 0.25 ETH.
Just Giraffes!

Just Giraffes!

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Just Giraffes is a unique NFT collection of hand-drawn Giraffes. Our meticulous approach means NO TWO GIRAFFES ARE THE SAME, making each Giraffe an unparalleled piece of art. Better still, holders gain inalienable access to an array of benefits that begin with helping SAVE THE WORLD. Yes — you read that right — and we know this is NO EASY FEAT, which is why we’re putting our money where our mouth is . . . we’re donating a portion of sales from each NFT to various animal-related charities — starting with our beloved Giraffes. But this is JUST the beginning. Owning a “Just Giraffe” gets YOU whitelisted for future ranges in the “Just” range. Just Giraffes is a unique NFT collection of hand-drawn Giraffes. Our meticulous approach means NO TWO GIRAFFES ARE THE SAME, making each Giraffe an unparalleled piece of art. Better still, holders gain inalienable access to an array of benefits that begin with helping SAVE THE WORLD. Yes — you read that right — and we know this is NO EASY FEAT, which is why we’re putting our money where our mouth is . . . we’re donating a portion of sales from each NFT to various animal-related charities — starting with our beloved Giraffes. But this is JUST the beginning. Owning a “Just Giraffe” gets YOU whitelisted for future ranges in the “Just” range . . . So don't miss out. Make the world a better place, and JUST join our community today!
Subarashiies collection 1

Subarashiies collection 1

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Subarashiies is a collection of 8 670 cutes blobs. Mint randomly and try to get a SSR subarashii. Each item in the collection is unique. Depending on the attributes collected at birth, some will stand out from the others. Depending on their rarity level, Subarashiies can obtain a distinction: rank. Here are the ranks in order of importance: SSR, SR, R Pre sale start date : 2022-05-28 Pre sale price : 0,02 ETH 10 NFTs per wallet on Presale max Sale price : 0,045 ETH PreSale supply : 867 Sale supply : 7703 Gifts quantity : 100 2022-05-28 02:00:00: Presale start 2022-06-11 02:00:00 : Sale start 2022-07-09 02:00:00 : Sold out start 2022-07-15 02:00:00 : Sold out end During sold out period, some random Subarashiies will be gift to our best customers. About Subarashii-nft team : SUBARASHII WAS BORN FROM A COUPLE'S PASSION FOR JAPANESE CULTURE. WORKING IN NEW TECHNOLOGIES, YUE AND HAJIME WANTED TO SHARE THEIR PASSION THROUGH WEB 3.0 Yue-chan MARKETING & COMMUNITY MANAGER - 5 years of experience Yue is our community manager. She is responsible for the artistic direction of the collection. She also takes care of all social networks and live our community FAVORITES ANIME : Demon Slayer, Fairy Tail, Fruits Basket, Arifureta,... FAVORITES MANGA : Solo leveling, The eminence in shadow, The rising of the shield hero Hajime-kung-fu DESIGN & DEVELOPMENT - 15 years of experience Hajime is the team developer/designer. He draws and designs the elements necessary for the realization of the project. Smart contract, website, and much more FAVORITES ANIME : Jujutsu Kaisen, Naruto, Gobelin Slayer FAVORITES MANGA : Solo leveling, Omniscient Reader, The Advanced Player of the Tutorial Tower
Kozuki

Kozuki

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- Roadmap ✅ Kozuki holders can get Pixel_Kozuki NFT 1:1 ratio by Airdropped ✅ 1) OTT market entry and animation We will bring our project into the OTT market as an animation. Animation can be a mid- to long-term project. When changes are made to the animation, all characters included in the changes are updated and their metadata is included there. ✅ 2) Airdrop of governance coins through NFT snapshots We plan to airdrop our governance coins after taking a certain snapshot to our NFT holders. With our governance coin, you can vote for direction in the community and serve as an in-game currency for the future metaverse. ✅ 3) Fashion wearables and goods Goods will be distributed to holders, streetwear, dolls, live-action figures, key chains, accessories, etc. It will be made in many varieties. In addition, we plan to sell products on Amazon, and the proceeds from this will also be invested in NFT's marketing. All of our OGs can receive street wear and live-action figures. ✅ 4) P2E metaverse We will start making P2E games with our own game engine. It is thought to be released in the first half of 2023, and the form of the game will be an online MMORPG. 1) Jack - Founder of KOZUKI NFT project - Project planning 2) Juniel - Chief marketer of KOZUKI NFT project - Project Marketing, Community Responsible 3) Tetsuya - Artist of KOZUKI NFT project - Character rebalancing and design 4) Jason - Developer of KOZUKI NFT project - Responsible for project development
Emoji Bosses NFT Drop

Emoji Bosses NFT Drop

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A collection of 3 621 Emoji Bosses: Your favorite emoji characters come to life to become Emoji Bosses. The Emoji Bosses are well-known emoticons drawn from thousands of emojis, animated and registered in the Ethereum blockchain Same as Unicode Standard: Emoji Bosses semantically correspond to the Unicode (Emoji) Standard. This means that the collection contains all the same emojis as in your smartphone, laptop or other device. In addition, when the standard is expanded, the collection of Emoji Bosses will also expand. The current version equal Unicode Standard 14 Find what you want: Emoji Bosses are divided into 10 groups, each of which is divided into subgroups. Each Emoji Boss has its own set of tags, and some are separated by skin tones Choose your favorite emoji: All existing emojis are available in the collection. Choose your favorite among them
Rise of Rhelegus

Rise of Rhelegus

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Rise of Rhelegus is based on a futuristic story of space invasion - depicting man's insatiable greed for power and wealth. The team has gone above and beyond to create this project of 7777 Oxyzers (ancient alien warriors) who are trying to defend their planet Xorbin from human invasion. We further categorize these Oxyzers into several lineages and genders. We are also in the process of developing an open-world, action role-playing game with a third-person perspective. With a focus on Metaverse gaming, the development team behind ROR aims to provide a fun and profitable ecosystem to encourage the adoption of blockchain technology. (Visit: https://game.riseofrhelegus.com/) There are many utilities of owning Rise of Rhelegus NFTs: Game Revenue Sharing 10% of P2E Earnings of the gamers is shared with the ROR NFT holders over a period of time, irrespective of how many NFTs you hold. This creates a passive income stream for all NFT owners. Gen 2.0 Breeding Benefits Holding 1 Male and 1 Female ROR character automatically makes the owner eligible to get 1 Gen 2.0 NFT. We are working on Gen 2.0 already and will be distributed to Gen 1 owners first before going public. NFT Bank We would create a platform to connect upcoming projects with our ROR communities in exchange of NFTS. Any other advertising rewards will be taken in the form of NFTs only. Those NFTs will be held and traded later and all profits to be distributed among holders. DAO Tokens We will launch a DAO and distribute tokens to all the holders. This creates another avenue of passive income stream for all NFT owners. Land Giveaway Land in ROR Metaverse - 5-10% of the land is to be distributed to all NFT Holders. These lands can be monetized in various ways later on. Gateway To An Enchanting World Rise of Rhelegus connects the NFTs, P2E Game and Metaverse in such a way that gives the users the thrill of being a part of a thrilling, every growing world. How To Be a Part of the ROR Universe? These NFTs will be available to mint at riseofrhelegus.com. Minting Price for Whitelist Sale is 0.05 ETH (Date: 28th May, 2022) Minting Price for Public Sale is 0.066 ETH. (Date: 28th May, 2022) So make sure you are whitelisted (go to Twitter and Discord to participate in Whitelist spot giveaways)
Alkebulan Tribe

Alkebulan Tribe

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The Alkebulan Tribe is a comic and gaming NFT project focused on African historical origins, heroes, beasts, gods, kings, and demons, built around 20 unique characters with 6000 pieces and variations created to develop our game and comics. The project looks to tell the collective African stories through their figures, beings, and titles acknowledged through African history and Mythology. Alkebulan tribe is a collective born of the hearts and minds of some of the brightest out of Africa. The goal is to tell and preserve Africa's culture, story, tradition, and folklore to a new generation, in a way that will never be forgotten. The tribe is made up of people who believe in telling these stories, the rich histories and share a passion for technology-driven products that can be leveraged to improve lives and systems that support the development of people and economies.
Meta Frog Club: VIP SALE!

Meta Frog Club: VIP SALE!

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Grow your wallet AND support the environment with Meta Frog Club, the new feel-good NFT making a splash in the Metaverse. Minting a signature NFT frog on Whitelist gives you an exclusive discount, as well as access to VIP events, merchandise, and FREE $ETH GIVEAWAYS. This project has BIG partners on board to launch it to the moon long-term. Every Frog's identity is the combination of hand-drawn and one-of-a-kind algorithmic outputs, which is why each Frog is a rare, living, breathing work of 3D art. It’s just one of the reasons why this Project has some HUGE funding behind it. The expert team of Metaverse builders, developers and artists are creating awesome technology with beautiful utility. When you invest in the virtual world of Frogs, it not only contributes to your wallet, but to the environment too. Meta Frog Club donates a percentage of minting profits to provide ecological support for frogs in wildlife. Centered around the community, grabbing your own signature frog is sure to be a long-term valuable asset that continues to give back, in more ways than one. Join Discord, Twitter, get on whitelist and prepare for mint!
Finance Aliens Society

Finance Aliens Society

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Finance Aliens Society is an exclusive collection of 1515 NFTs living on the Solana blockchain. Not only are they cool alien artwork, they also serve as a ticket to an enormous world of benefits and events, from Solana raffles to business seminars. Each Alien is a unique piece of 2D art which has been randomly generated from 45 different traits. Funds from the first collection will get invested into a Finance Aliens second edition collection named Baby Finance Aliens Society. The goal with this collection is to encourage beginning investors to enter the business world through business courses, events with famous mentors and experts in the space.

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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