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Neko Nation
Neko Nation
Ethereum
Neko Nation is home to catizens and their nekos. Unique NFTs living on the ethereum blockchain. Project’s Roadmap and /or Current Activities Neko Nation NFT Roadmap 25% NFT GIVEAWAYS As a thank you will be giving away Neko Nation NFTs to lucky community members. 50% METAVERSE NATION Have purchased land and are in the works of building a nation in Cryptovoxels. Fellow Catizens may dip their feet in the Onsen Town and stand a chance to have their art displayed on the city billboards. 75% MERCHANDISE STORE Will be opening a merchandise store in Neko Nation where Catizens can shop till they drop. MERCHANDISE STORE Will be opening a merchandise store in Neko Nation where Catizens can shop till they drop. 100% EXCLUSIVE TOYS When all nekos have found a home, Neko Nation will be releasing premium toys available only to our dear catizens/holders
Trippin Guys
Trippin Guys
Solana
Trippin Guys is a generative collection of 3,333 unique non-fungible tokens (NFTs) that will reside on the Solana blockchain. Our team has designed a diverse and inclusive selection of traits, including hair styles, outfits, accessories, and more to best represent both our world and our wonderful community. //Project's Roadmap and/ or Current Activities (I) Running Promotional Campaign On Social Media. (II) After Minting the Whole Collection, Immediately listing on Marketplace E.g. MG & OP (III) Giveaway & Airdrop to all Trippin Guys Holders. (V)Giveaway to Most Trippin Guys Holders (VI)Working on Trippin Future Projects. //Twitter https://twitter.com/TrippinGuys //Discord https://discord.gg/2G46GePN6G //Name Trippin Guys //Website https://trippinguys.fun/ //Symbol GUYS //Launch Date August 10, 2022 11:00 am (UTC)
Diwa Colombia
Diwa Colombia
Ethereum
First of all : you buy an artwork NFT from us, you have a rare NFT in your wallet and a unique painting in your living room, delivered next day. Each painting come with authentication documents . Diwa Colombia is a community that includes a big palette of topics from art and history to cinema and memes. Besides subjective goals, as we mentioned above, using blockchain technology , we are involved in developing a Social Gaming platform "Colombia Games" that will include games like chess , poker, pool where our members can spend their afternoon in a chill , constructive atmosphere and have a good time socializing with others. We are working to build a nice place for a mature audience, if your think this is a place for you , and you can offer value to our community , take a step and get in . For more details we wait you on our Discord.
CyberTones Beyond Imagination Collection
Your imagination is unlimited. There are no limits. Unleash your imagination. Welcome to the CyberTones Beyond Imagination Collection. Each artwork in this collection is unique and individually created using different renders, layers, vectors, fractals, algorithms, modifications, plugins, filters and/or effects. This collection is structured into two stages: First Concept Release: The First Concept Release of an NFT shall be for showcasing/archiving purposes and shall not be for sale. Minor adjustments/modifications were made to each NFT during the First Concept Release based on comments/advice/revisions and a final review to produce the final official version of each NFT in the Collector’s Edition. Collector’s Edition: The Collector’s Edition shall consist of the final official version of each NFT with a maximum supply of 100 for collecting and trading purposes.
Space Comics
Space Comics
Solana
Space Comics is a project that aims to provide a platform for all dudes enthusiasts around the world to freely talk about the news, developments, and ideas. The project is made of 1000 different NFTs of 3 Space Comics who are well known for their contributions to the development of Artificial Intelligent technologies. The main goal is to develop and pass on the legacy left by the Space Comics and support the future of project. SPACE COMICS ROADMAP 1.0: Pre-mint: ⌛️Create discord channel 🗸 ⌛️Create twitter account 🗸 ⌛️ Finalize artwork 🗸 ⏳ Fill whitelist roles ⏳ Launch website The next phase is the most exciting part... Post mint: ⏳ Each holder of a wyvern will be able to produce 5 $COMICS tokens per day. Remember: 1 $COMICS = 1 $COMICS ⏳ Utilities for the $COMICS token is already established and we are working on the contracts. More details regarding utility will be further announced post mint. It will be awesome! ⏳ Collaboration and partnerships with other blockchain games. We already have one partnership with a blockchain MMORPG which will utilize our native token as part of the whitelisting and presale process (hint hint!) ⏳ Gamification of the NFTS (still tentative) ⏳ 10% of total sales will be donated to various sheltered animal foundations. We will ask the community to vote on this one.
Duckz Wit Attitudes
Duckz Wit Attitudes
Solana
D.W.A is 5,555 Collection of Duckz living on the Solana Blockchain. Over 100 hand drawn traits to make every Duck unique in its own way. The art solicits early 90’s hiphop / gang era with a modern day twist. The collection centers around 5 main characters that broke away from a gang syndicate on the quest to rule ‘The Pond’. Merging art, music and crypto into a one of a kind collection. THE JOURNEY OF THE D.W.A The DWA is a gang that comprises of hustlers, hitmen, pimps, dealers and artists. From peddling on the edge of the Pond to high end crime, they have caught the attention of the DSL (special forces) and are being tracked. The gang leaders decided to leave the gang syndicate that has been responsible for espionage, kidnapping and mass robbery. After serving under the Golden Goose Mafia for years the DWA is now independent with 5000 members strong ready to create their own path with a passion for community. Some members of the gang are using music as a way to escape. Ice Duck, Duck Mc, Eazy D, Yella Bird & Dr. Ducky are working on their debut album “Straight Outta The Pond” and is yet to hit the music platforms and have a lead single “High Duckz” set to premier in August.
Bastard Baboons - Free Mint
In the world of The Glimmering, we Baboons have long been the pets of goblins. They domesticated us and then gave us alchemist fire. But the sons of bitches couldn’t leave well enough alone. They started giving us funny hairdos, nose piercings, and stupid fucking bandanas and hats. Many of us have had enough. We’re breaking free from our overlords. Not all agree we should leave our Goblin owners, and those poor suckers started calling us “bastards” for leaving the troop. Great, we’ll take it. We’re the Bastard Baboons. Who wants to join the brigade and fling some shit and fire? LFG 🔥💩 The Bastard Baboons are a free mint NFT collection living on the Polygon blockchain. Pick your butt while ya study these hard facts about the collection. How many are in the collection? Not a lot, ya bastards. Probably as little as 2727. That said, we know there are thousands more baboons that might wake up, quit being suckers, leave the Goblins and decide to join the brigade. If we see demand we’ll let them in, but no more than 8873 cuz that's the entire Baboon population in The Glimmering. How many can I mint? Just one. But, if the brigade grows we’ll let ya have up to 2 for convincing your friends to break away from their overlords. How much is it to mint a Bastard Baboon? IT’S GOTDAMN FREE for crying out loud. But, you’ll need a little gas money. On the Polygon blockchain that’s pennies. Go grab some MATIC, ya freak. Is the data on-chain? Fucking believe it, pappy. Fair mint is critical and to prove it and provide transparency we’re leveraging the Verifiable Randomness Function from our friends at Chainlink. How do I get on the pre-sale list? Ahhh.. you want into the Bastard Baboon Brigade. It’s easy. Head to https://www.premint.xyz/bastard-baboons-free-mint/ and follow the steps. Is there utility? It’s free and you still want more shit? Ok. We’ll give it to ya. First, every holder of a Bastard Baboon is on the allowlist for The Glimmering genesis collection. Second, every Bastard Baboon holder will get a free NFT airdrop of The Glimmering’s 1-shot tabletop roleplaying adventure, “A Dark and Stormy Night,” that introduces you to the world we come from. If you have a Glimmering adventurer player character, you can use your baboon for special tricks and risky powers in gameplay. But watch out, it might bite ya in the ass. What the heck is GRIPNR? GRIPNR is the team that’s bringing tabletop roleplaying games to the blockchain, starting with their first game world, The Glimmering.
CryptoHansClub Drop 17
The Crypto Hans Club is a private collection of 7.777 unique hand-drawn Funny Horses NFTs pieces collected on the Ethereum Blockchain. Artist Maya Delia. The collection is updated every week and the price increases every time! Advantages + Each NFT is created only by hand! + 20% of monthly profit divided between verified holders in discord so more Hans you have means more paid you get. (In 4 months we have paid out 4.36 ETH to our holders in the discord) + Get 7%* of primary sales every month just by owning the Legendary Hans (Paid 0.59 eth in 1 month) + Increasing floor Price with every batch. + Award for being active in discord and its refreshes ever month so all members have equal chance for it. + Giveaway before every drop! + After the full sale of this collection payments will continue from secondary sales. + Launching the next collection after the full sale of the current collection, both collections will be linked together. + Best community you can find in NFT space Get paid every month just for owning Hans NFT! We distribute 20% of the initial sales for the month among all holders. More information in our Discord section «payments». The next payment will take place on August 10 after 7 pm CET The more Hans NFT you have, the more money you get every month! Attention, only verified holders in our discord receive payments! Strategy 1. We drop 100 NFT once every 10 days 2. The price of each new drop becomes higher 3. We conduct a raffle before each drop Visit our website for more information. At each significant stage of sales, a raffle of valuable prizes is held between Hans NFT holders, the final raffle will be a new Porsche Taycan. Join our family in the early stages!
M4RABBIT MINT
M4RABBIT MINT
Ethereum
M4RABBIT MINT AUG.3rd One year in development and now is the time to reap the most rewards and hold the highest OG status of the M4RABBIT project. Let’s go! This is the Founders collection drop! 888 collection size. Doxxed team bringing high quality 3D art of space war fighting rabbits. Beautiful and deadly armor with weaponry, golden armors and legendary traits this collection was special created for the first M4 OG holders. OG holders receive the highest OG status with boosts throu the life of the project. All holders from this collection will be dropped free NFTs from phase 2 the female rabbit and phase 3 the mutated rabbit. ERC20 token utilized in your M4 virtual world. Following this collection sellout will be M4 virtual world free land drop! Get into the gaming and staking inside of the M4 Metaverse.
Masquerade Club
Masquerade Club
Ethereum
A Private Collection of 10,000 MASQ🎭 NFTs each with their own unique characteristics living on the Ethereum blockchain. Your MASQ acts as your membership to the Masquerade Club, and gives you exclusive access to member’s only Merch, Airdrops, Masquerade Club metaverse, upcoming Events, and much more. 10% >>> The Community. Create our own circle. - Launch Twitter. - Launch Discord. - Launch Website. ( In Progress ) 20% >>> Mint 10.000 MASQ. - Secondary Market Listing (Opensea) - Verified Holder Channels in Discord. - Rarity.Tools Listing. 40% >>> We release the hidden MASQs. - 5 hidden MASQs (tokens held back from the sale) are airdropped to random MASQholders. 60% >>> Become a Movement. - Member-Exclusive MASQ Merch Store gets unlocked, featuring Limited Edition tees, hoodies, and other goodies. 80% >>> Real Party and Metaverse Party for all Holders. - Our Club deserves benefits. Being a part of our club will give you exclusive access to music events & concerts on planet earth and metaverse. Our NFT MASQs will serve as a pass to great parties. If you have more than 1 nft, you have the possibility to have a more VIP rank of your entry to these parties. (Pending restrictions) We will consider associations of massive events, such as -> Defqon1 - Tomorrowland - Lollapalooza - UltraMusicFestival, among others. 90% >>> Create $MASQ token. - We will unlock rewards to our holders. 100% >>> Charity. - COMMUNITY is key to our art and it starts from the ground up, from the roots… We will donate to non-profit association(s) supporting youth in marginalized families through music and other kinds of arts. V2 - More in development for holders............ - Masquerade Club Special Edition. ( Coming Soon ) The official smart contract will be provided by our team on launch day in our Discord chat. This is not a Crypto Punk, Invisible Friends or Bored Ape Yacht Club but this MASQs will explode and vibrate in your heart. Cool art NFT collection!!!❤️‍🔥
Waffles Pals
Waffles Pals
Ethereum
The project Waffle Pals is all about tons of Waffles feeding and entertaining in their own reality. The prime moto is to make individuals engaged and entertained as well along with the waffles & that philosophy is the manner by which we put value to our society. Our motto is simple: keeping the world entertained and fed! It's a simple message, and our work and people strive to reflect that every day. We are working together to bring value that the NFT market is in serious need of. From charity to DAO development, we are just as passionate about our mission as we are about our community! The collection features 8888 warm and crispy Waffles for your enjoyment! We will maintain a 2.5% creator royalty which will be used to fund all kinds of fun stuff for our fellow Pals! Our mint will utilize a custom smart contract and minting site. For your safety, we will not share the site address ahead of time. We haven't announced a mint price yet, but you'll find it to be an excellent value for what we bring to the table!
Dead Degens
Dead Degens
Solana
DeadDegens is a collection of 4444 generative nfts with hundreds of elements on the Solana Blockchain. Each Dead Degen has its own rarity. Our main goal is to build one of the most united and strong communities, making important decisions in the use of utilities and together being a true OG community. 🔥 ☠️ 𝐃𝐄𝐀𝐃 𝐃𝐄𝐆𝐄𝐍𝐒 𝐑𝐎𝐀𝐃𝐌𝐀𝐏 𝟏.𝟎 ☠️ 🔥 ⚈ 𝐓𝐡𝐞 𝐁𝐞𝐠𝐢𝐧𝐧𝐢𝐧𝐠... 🦴 Minting will begin. 4,444 Unique Dead Degens will be brought to life. A new era is born. Marketplace and Rarity will be available soon after mint is completed. ⚈ 𝐓𝐡𝐞 𝐩𝐨𝐩𝐮𝐥𝐚𝐫𝐢𝐭𝐲 𝐨𝐟 𝐃𝐞𝐚𝐝 𝐃𝐞𝐠𝐞𝐧𝐬 🧠 Project advertising at all popular Internet sites. Collaboration with DAO. Collaboration with different projects ⚈ 𝐃𝐞𝐚𝐝 𝐃𝐞𝐠𝐞𝐧𝐬 𝐌𝐨𝐯𝐞𝐦𝐞𝐧𝐭 🫀 Portions of the royalties will be used for project development. Our Aim is to create a powerful brand within the Solana Ecosystem. ⚈ 𝐓𝐡𝐞 𝐃𝐀𝐎 🫁 The firs utility our holders will be able to access will be the DAO, Just connect your wallet and the system will check if you hold one or more of our NFTs and will grant you acces. You will be able to see a homepage, voting/poll section to vote on decision and development, a community wallet page where you will see the balance and activities planned for that wallet, a giveaway/raffle system accessible only to our hodlers and a exclusive news section. 🔜𝐑𝐨𝐚𝐝𝐦𝐚𝐩 𝟐.𝟎 ☠️ As our community is established, the holders will play a big role in the future of our project. You will be included and have a say in the direction we take.
Saudi Birds
Saudi Birds
Ethereum
5,555 Saudi Birds are MAX BIDDING. Every Saudi has its own bird. Pre-Sale: SOLDOUT Public Sale: July 30 at 21:00 UTC
420 Budz
420 Budz
Ethereum
The vision for this project stems from many late night smoking sessions.. We wanted to create a project that turned one of natures greatest plants into digital art and digital assets!? We wanted to create a project with some form of simple utility that would provide holders with passive income. We wanted to create a project that could donate to NORML and help fund the fight to legalize marijuana. AND We wanted to create a project where the community is in control! Finally, yesterday on 2/22/22, it hit us like a 1 gram dab! LFG!! We bring to you 420 Budz! 420 Budz - Phase 1 Our first drop will build the foundation to the project. Appropriately named "The Founders Collection" will consist of only 420 nfts. Holders of the Founders Collection will vote and decide on the structure of the utilities. The basic principle of the utilities is very simple but the variables in the details can go many ways! The utilities of this first collection are simply payout of the royalties pool and mining op. We have set 10% royalties on secondary sales. 60% of the decided royalties will go to the royalties payout pool. 30% will go to the owner and 10% will go into a community wallet. From here on pretty much everything is up to The Founders! Just a few immediate thoughts.. - listing requirements - min. floor requirements - frequency of payouts (think gas x 420) - inactive users qualify/disqualified I'm sure you can see, there's a lot of decisions to make and we CAN'T WAIT to see what you all build! Light one up, chill and think on this for a minute.. The Founders literally control the money in this project.. The structure, The floor, the royalties, the community.. Don't even get us started on Phase 2 The Roadmap to Sellout 20% - We mint (5) 420 Budz and airdrop them to random Budz holders. 40% - We airdrop .420 ETH to one random Budz holder. 50% - We create a donation wallet for NORML and fill it with 1 ETH. 60% - We mint (5) 420 Budz and airdrop them to random Budz holders. 80% - We airdrop .420 ETH to one random Budz holder. 100% - We add an additional 1 ETH to the NORML donation wallet and purchase our first ETH mining rig!
Pig Fitness Club
Pig Fitness Club
Ethereum
The Pig Fitness Club is a collection of 10,000 unique 3D Pig NFTs living on the Ethereum blockchain. Each Pig serves as a locker room key and grants you exclusive membership access to a club in which athletes, fitness lovers, exercise enthusiasts, and everyone meet and motivate one another to pursue their fitness goals and maintain healthy lifestyles. Membership benefits include earning tokens and rewards from our exercise-to-earn ecosystem, and access to live or on-demand workouts, bespoke training programs, live group classes with instructors, one-on-one coaching, immersive training experiences, and more, in both the real world and the metaverse. The Pig Fitness Club is here to start a revolution, rewriting how fitness works and shaping the future of fitness. We strive to integrate Web3 and the metaverse with the fitness industry in order to bring it to another level. Join the fitness revolution and experience the difference in the metaverse. Visit pigfitnessclub.io for more details.

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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