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DAO

Pigstown
Pigstown
Ethereum
The pigs visiting the Town, Mint is coming soon ooiinnkkk ooooiiIIINNnkkk oink 🐷 🧌 = farmers are working full time; feeding, grooming the pigs 🐖 before the pigs are available to mint for the public.! Go check Twitter for Updates! Be active on a Twitter like a pig 🐽 to get a WL spot for a free mint. 2 free + gas mint per wallet. Don't be fucking greedy. That's how we got ourselves here. why the rush? oink.wtf Mint is coming soon ooiinnkkk ooooiiIIINNnkkk oink 🐷 Go check Twitter for Updates! Be active on a Twitter like a pig 🐽 to get a WL spot for a free mint. 🧌 = farmers are working full time; feeding, grooming the pigs 🐖 before the pigs are available to mint for the public.! why the rush? oink.wtf Mint is coming soon ooiinnkkk ooooiiIIINNnkkk oink 🐷 Go check Twitter for Updates! Be active on a Twitter like a pig 🐽 to get a WL spot for a free mint. 🧌 = farmers are working full time; feeding, grooming the pigs 🐖 before the pigs are available to mint for the public.!
Degen Dragon Cosplay Club
Degen Dragon Cosplay Club is upcoming collection of 1111 dragons on Aptos blockchain. Mint if FREE. Degen Dragon is fun and friendly cosplay artist who likes to dress in the likeness of his favorite musicians across different genres and eras. You can check previously custom minted dragons on OpenSea. The collection consists of 80 hand-drawn images with over 200 traits. Our Aptos collection will launch on 14, November, 2022 (20:00 UTC) on https://www.launchmynft.io/ Trading will take place on Topaz.so https://www.topaz.so/collection/Degen-Dragon-Cosplay-Club-1d7ef9e748 We'll be hosting our quizzes and lotto after dragons are minted out. Anyone can participate in our quizzes, but only the owners of DDCC NFTs can win the prizes, regardless of whether their NFTs are listed on secondary markets. Visit our website for more details...
Wakalandia
Wakalandia
Polygon
What is the story about? Over the Venezuelan skies, the Guacayamayas (tropical macaws) roam free to display their joyful colors as per Venezuelan culture. This is the inspiration for the Wakas, first devised in 2017 in the best-selling children's book "Where is Venezuela?" by Meollo Criollo. The message of the books is that "Venezuela will always be where a Venezuelan stands." This, in turn, inspires Wakalandia’s three objectives: 1️⃣ - To have an #NFT that represents our attachment, a unique avatar to display our cultural pride on social media 2️⃣ - To establish a community that supports the creation of content that promotes Venezuelan identity. 3️⃣ - To build up Wakalandia in the metaverse as a meeting point for Venezuelans everywhere, as a virtual space to share and attend events, concerts & exclusive parties. Introducing Wakas: Each of the 10,000 Wakas is a unique Dynamic NFT that can be equipped with more than 200 different traits - some rarer than others (such as plumage, tails, hats, shirts, and accessories). Depending on how many traits are equipped, holders will access benefits such as: 🏅 Exclusive access to Wakalandia's community and upcoming projects (some are top secret 🤫) 🏅 Subscriptions for Vivo Play streaming service (if you are in Venezuela you may even watch the FIFA World Cup!) 🏅 Season Digital and Physical airdrops This upcoming 11/11 Wakalandia opens its doors to mint its Wakas, and the first 1,111 will be free minted! Join the whitelist to become an early bird to mint your Waka and don't miss out on this incredible opportunity to learn more about Latin American culture! https://onemint.io/join/wakalandia
Block Riders
Block Riders
Ethereum
Block Riders™ is a high-octane multiplayer NFT game that combines the wacky motorsport shenanigans of popular arcade racing games with the player customization and open-world scale of modern sandbox simulators. Built atop the Ethereum blockchain, Block Riders features NFT powered vehicles and characters, with play-to-earn features and racing game modes driven by the native $BLOCKS (ERC20) currency. Players are able to earn the $Blocks token by competing against other players in races and completing daily challenges. With world-class race handling and vehicle physics, Block Riders delivers an exciting and unpredictable racing experience across a variety of traditional tracks, mountain trails, city circuits and open world landscapes. Customize your character with dozens of options to choose from, discover new cosmetics and character upgrades, and build your rep as you blaze through the local underground, unlocking exclusive NFT modifications and earning massive cryptocurrency rewards. The world of Blockston features a diverse variety of biomes and landscapes to test your skills against, offering a complete off-track world to interact with outside of races. Players can freely roam through a handcrafted world, interacting with vendors and city residents, socializing with other in-game players and much more.
STACK NFT
STACK NFT
Ethereum
STACK NFT is a lifetime access license to STACK NEXT the first multiplayer browser for mindful online experiences! * Organization & Navigation: The browser is the best on the market for organization and navigation. It doesn't have Tabs; instead, it comes with Cards, Stacks, Rooms and Spaces, and unique shortcut-first navigation functionality, giving you the agency and the feeling of a mixture of harmony and speed! * Focus & Mindful Online Living: Whenever you need to focus and be in the flow, you can achieve that with one simple click - eliminate all distractions, zone in, and achieve more with less! * Multiplayer & Collaboration: Any app that is not inherently collaborative, if opened in Stack, can be multiplayer. Stack provides all the collaboration features you might need. Using Stack, collaborating remotely feels like sitting in one office. About STACK: Stack Legacy is actively used by more than 15K users worldwide. We are well funded and backed by some of the industry's strongest investors, such as Dutch VC fund Peak Capital, German VC fund Lunar Ventures, and 500 Startups San Francisco. The tech team is made of people who have previously worked for companies like Philips, Rabobank, Opera, and Stripe. Disclaimer: Stack is not just an NFT project! Stack is a company-building platform for Mindful online living with collaboration and privacy at its core! If you are here to make quick money, this is not the place for you!
Mankey Business
Mankey Business
Solana
Mankey Business is a collection of 2222 Pixel generated Monkeys. The artwork is crafted by an experienced Pixel Artist with a lot of love and passion. Join our Discord to start earning $MANK tokens which has cool utilities. Mint Date: 8th Nov 2022 (3.30pm UTC), OG/WL: 0.04 SOL, Public: 0.089 SOL THE MANKEY CARNIVAL Any holder of our Mankey NFTs will have access to “The Mankey Carnival”, this comprises of raid-to-earn, work-to-earn and flip-to-earn bots and services which will gift back $SOL and $MANK to our loyal holders. It’s basically a Multi-Earn system where we reward back to our customers for holding our NFTs. TOKENOMICS FOR $MANK Token Name: Mankey Business Token Token Symbol: $MANK Fixed Supply: 10,000,000.00 Token address: FXsPakrMThdrckQuXHbcHF2fRVijJBr2yavDEbqhGQaa Authority: 4JoRLLVfGXfnPHPwLdn8XaRzgw9JuMYf4mDoGbFrHbkm
Bruh Pills Mint
Bruh Pills Mint
Ethereum
Bruh Pills is not your ordinary collection. If we were doctors and not creators, we'd suggest you get your daily dose. Between our top-notch artwork and stealth business model, we seek to build the best crypto community of 2022 and beyond. It takes a Bruh to know a Bruh, and that is exactly why we plan on providing each Bruh Pills NFT holder DAO ownership. The Bruh Pills community can then work together to vote on the future allocation of our development funds to change the game forever. What exactly is a Bruh Pill? Bruh, come to take a look and see it for yourself ... take a pill The Bruh Pills are NFTs with a mixture of attributes that are great for any/all members to resonate. The ingredients are a combination of hair, hats, eyes, glasses, and mouth traits. ‍ The Bruh Pills are a collection of 3,333 animated NFTs. Each Bruh Pill is a fun, programmable piece of art that combines community and experimental experiences within the Bruh Pills community.
Knightiny Alpha
Knightiny Alpha
Ethereum
Knightiny is Cross-Metaverse Free-Play-and-Earn Battle Royale, where players use their own any playable NFTs from any metaverse. Good to see your desire, the excellent moment is NOW! Our last drop NFTs have the 10% annual improvement of grinding Token, Resources and NFTs in game. NFTs Still available, but demo-alpha comes, and then we will drop the game on gaming platforms, for rise online players, they will swept in seconds all NFTs for playing. Buy Now Because it's actually available! X10 COMBO Choose your role, for gain more ‍FIGHTER Do you want to win the matches and collect resources? Good! Pick your NFT and fight! ‍LANDLORD Do you want to mine and combine plasma from resources? Good! Pick your Land and get! ‍TRADER Do you want to trade NFTs, resources and plasma?Good! Open the DEX account and trade!
CRUZO Collectors
CRUZO Collectors
Ethereum
A collection of 500 utility-enabled NFT Passes gives you member access to the Cruzo Collectors Club. Cruzo is the first multi-chain Web3 marketing platform and NFT marketplace for digital greetings, crypto gifts, avatars, and Metaverse party goods. The Cruzo NFT Pass is the first step required to join our private club which unlocks access to exclusive benefits for its holder. Member Benefits - Early access to ecosystem products - Access exclusive airdrops & giveaways - Early access to limited edition NFTs - Access to exclusive merchandise - Guaranteed allocation in all whitelists - 2% marketplace commission discount - Private chat for NFT pass holders - DAO membership - More in the future… Can I get NFT Pass for Free? Yes, you can. We have selected several NFTs on each round to reward the most active community members, bloggers, influencers, etc. Follow our Twitter, Discord, and Telegram for Free Mints or Giveaways
Cyber Cluck
Cyber Cluck
Binance Smart Chain
Stake NFT or Tokens. You can earn just by holding $CCLUCK The more $CCLUCK tokens you have, the more reward you get! Cyber Cluck is a cryptocurrency world where users can trade, earn and play. Buy cyber chickens, get eggs and make money on it. Every transaction automatically contributes to liquidity, ensuring our members can always sell their $CCLUCK whenever they please. By holding $CCLUCK in your wallet you will receive your cut of 4% on every transaction. You can buy or sell $CCLUCK token through Pancakeswap. To buy or sell $CCLUCK token, be sure to set the slippage tolerance greater than 11% for your transaction to go through successfully. EGG Token is a token that can be used as: Rewarding Cyber Cluck Staking Pools Users Minting NFTs In-Game Currency The $EGG token is different from $CCLUCK. $EGG, like $CCLUCK, can produce an infinite number of eggs. But $EGG token has a partial burning mechanism when minting nft.
Vexed Apes Club [Whitelist]
VEXED APES CLUB A collection of 448 NFT's living on the Solana blockchain. Since landing on Solana, the Vexed Apes have been busy building their ecosystem starting with their resting spot – the VEXED STAKE – where they can begin to earn a native token, $VAC, the central currency within the Vexed Ape ecosystem. Vexed Apes are currently rewarded 24 $VAC per day per NFT staked. PLATFORM AS A SERVICE (PaaS) Vexed Apes Club have built the staking platform to be used in a Platform as a Service (PaaS) model whereby other projects arriving on Solana are able to utilise it and start rewarding holders with their native token. Benefits of PaaS: ● Ready built & tested staking platform ● Easily create & earn native token ● Responsive & Customisable Ul ● No coding needed ● Quick deployment ● Save on time, fees & resources Public Mint : 0.75 SOL Whitelist Mint : 0.25 SOL
Scalene Genesis
Scalene Genesis
Polygon
Scalene Genesis Collection Convertible 3D NFTs, 21 3D Models Supply: 1333 x 21 Chain: Polygon (Matic) Mint: 100 Matic Convert NFT to 5000 3D Token any time after platform launch. 3D Token can be used to create 3D NFT Collections with no upfront cost. Web: https://scalene.app Wp: http://wp.scalene.app Join us in Discord for more info: https://discord.gg/VmC8vA6rRX Scalene Genesis is an innovative NFT collection that aims to onboard our founding community members with the Scalene Platform. (platform design and development updates on Discord) The Scalene platform will allow anyone to create generative NFT collections using 3D models and token deposits (3D) to create collections / dapps of their own to share and fundraise 3D metaverse/game projects, community projects, POAPs, DAOs and more. Getting involved with the Scalene Genesis NFT is your gateway to using this service with no upfront costs and fundraise 85% of your total sale. 5% goes to community weekly airdrops and 10% goes to support Scalene platform. By contrast, Meta / Roblox / Apple charge their creators 30-58%, we find this entirely unacceptable and aim to support the creator economy and community in an engaging and fun way.
D.W.A - Minting Now!
D.W.A - Minting Now!
Solana
MINT IS LIVE - 0.69 SOL DON'T MISS THIS DOPE NFT COLLECTION 5K Duckz Wit Attitude ̈straight outta the pond ̈ Solanas most dangerous NFT Collection. Duckz Wit Attitude is 5,000 Collection of Duckz living on the Solana Blockchain. Over 100 hand drawn traits to make every Duck unique in its own way. The art depicts early 90’s hiphop / gang era with a modern day twist. The collection centers around 5 main characters that are leaders of the gang. Forcing a rebellion against the hierarchy and broke away from a gang syndicate on the quest to rule ‘The Pond’. Duckz Wit Attitudes - merging art, music and crypto into a one of a kind collection.
 
Mint Price is. 0.69 SOL and 0.45 SOL with DuckSkull (WL token).
Join our discord. Now, you can get free DuckSkulls by answering the survey. https://discord.gg/xbDCUaJUgh
ORC STAKE
ORC STAKE
Solana
ORC STAKE : 0% royalties & strong utilities [ 1M staking = 1SOL ] + FREE MINT 🗺️ ROADMAP ✅️ TWITTER https://twitter.com/orcstake 🐦 ✅️ INSTAGRAM https://instagram.com/orcstake 📷 ✅️ DISCORD 🦾 ✅️ GAME with instant payouts 🎮 ☑️ DAO collabs 👫 ✅️ SITE https://orcstake.com/ ✨️ ☑️ MINT 10.10.2022 💎 ☑️ STAKING 1M = 1 SOL 15.10.2022 Risks & Mitigations Hacks: All hacking related risks are evaded by our security team - they’ve briefed and educated our founders + team as well as implementing 2FA, password managers, ledger wallets, for the team. All factors and risks will be continuously accessed by our team to ensure any risk is evaded and the project is fully protected and secured. NFT community scams: Our social team has already worked on successful NFT drops prior to the Eyedeas project and will communicate the necessary info / precautionary measures to all members to ensure scams are not a part of the community. Market conditions: We’ve fully prepared for all market conditions - good and bad. With advisors and team members being a part of NFT drops in both the bull and bear markets of the NFT space we have all the necessary marketing and contingency plans in place to ensure quality control for any market condition.
Waldos Legend Mint
Waldos Legend Mint
Ethereum
THE WALDOS LEGEND is a collection of 4200 NFTs with utility, around CBD and Cannabis culture: Holders will be able to benefit from exclusive web3 advantages, discounts on the Eshop Waldos Legend and be part of the Waldos private club. Rewards: With a professional team in the business of CBD and cannabis culture, Waldos Legend is a real brand that will expand in web3 and IRL. Being part of the Waldos is an opportunity to contribute to the development of this incredible adventure! 4200 NFTS total supply: First sale of 420 NFTs: October 5 7:00 PM UTC: Presale reserved for Allowlists and OGs - Mint price: 0.1 ETH. October 5 8:00 PM UTC: Public sale - Mint price: 0.13 ETH. Sale of 3780 NFTs: End of 2022. ROADMAP: September 2022: Opening of the Waldos Legend e-shop. October 2022: 05/10/2022 - Mint presale 420 NFTs (OGs and WL reserved). Sold out: Investment of part of the funds raised: When creating a first IRL store. IRL/webmarketing3. First drop of rewards for the 420 Waldos. November to December 2022: Marketing for the mint of the remaining 3720 NFTs. Public sale of 3720 Waldos. First private IRL Waldos Legend event. 2023 Second drop of rewards to Holders. DAO to decide the direction of the NFT Waldos Legend project. IRL Waldos Legend private event. Rewards: With a professional team in the business of CBD and cannabis culture, Waldos Legend is a real brand that will expand in web3 and IRL. Being part of the Waldos is an opportunity to contribute to the development of this incredible adventure!

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What are NFT Royalties? Here's What You Need to Know

What are NFT Royalties? Here's What You Need to Know

Non-fungible token (NFT) royalties are an important part of the blockchain ecosystem. Many people don’t know what NFTs are or how they work, but that doesn’t change the fact that these tokens are a major force in the industry. In this article, we’ll look at NFTs, non-fungible token royalty systems, and why you should care about them.


How do NFT royalties work?

NFTs are digital assets that are unique and owned by individuals. The tokens can be used as trading cards, digital art, digital collectibles, and more. NFTs can be traded and exchanged on the blockchain, and they can have unique attributes attached to them. These attributes typically relate to ownership. For example, an artist can create a digital painting and then use a royalty to tie the ownership of the painting to a blockchain token. If someone then buys the digital painting, they also gain the right to own the token. This is how NFT royalties work because the token acts as proof of ownership for that specific painting. You can think of it as owning a share of the painting.


Why are NFT royalties important?

NFT royalties are important because they add value to blockchain ecosystems. Artists and creators can use them to tie their work to blockchain tokens. These tokens can then be traded and used in the marketplace. Not only does this add value to the blockchain ecosystem, but it also helps artists and creators get paid for their work. People can buy tokens that represent their ownership in works of art. This means that artists can get paid when their work is sold. It also means that people get to enjoy art and other digital goods while also receiving tokenized proof of ownership.


How will NFT royalty systems operate in the future?

Because NFTs are digital assets, they can be programmed with certain functions. This means that they can have unique attributes and functions that the owner can use and control. For example, artists can program their digital art tokens to self-destruct once they are sold. This would prevent the token from being sold more than once. Other royalty systems could be programmed to allow for partial ownership. This would be great for allowing investors to participate in an artist’s work without having full ownership of the art itself. There are many ways that NFT royalty systems could operate in the future. They could work to improve the efficiency of the art industry, and they could also be used to protect artists’ rights.


Why You Should Care About NFT Royalties

As we’ve seen, NFT royalties are an important part of the blockchain ecosystem. They can help artists and creators get paid for their work, and they can also be used to protect their rights. If you like art and want to support artists, then you should care about NFT royalties. It’s not just artists that can benefit from these types of tokens, though. Collectors can also enjoy owning unique tokens that represent their ownership to pieces of digital art. That’s why everyone should care about NFT royalties. If you like art at all, then you’ll like these tokens.


Final Words: What is the future of NFT Royalties?

The future of NFT royalties is looking bright. This is because the tokens can be used for more than just art. Artists can create digital goods like paintings, music, books, and other creative works and tie them to blockchain tokens. This will allow them to get paid for their work and to protect their rights. NFTs can also be used for more than just ownership. They can also be used for voting and for governance. These are just a few examples of what NFTs can do in the future. There are many other uses for these tokens, and we can’t wait to see what happens next.

Oct 19, 2022
By NFT-List
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