Browse Upcoming NFT Drops, NFT Events & Marketplaces


Crazy Vultures DAO
Crazy Vultures DAO
Crazy Vultures Is A Unique Hand Drawn NFT Collection Containing 99 NFTs, The Mint Will Consist Of 70 Whitelist Spots And The Rest Will Be For Public Mint. Holders Will Get Special Perks Which Has Our Own Merchandise (T-Shirt, Water Bottle, etc.), Discord Nitro, $CRAZY Token And Much More!. This Will Be A Limited Supply Collection, We Will Be Launching Big Collections After This Project. We Are Also Planning For DAO, Our Project Has A Potential To Reach To The Moon. . . .
The Dons Solana
The Dons Solana
🆕️ The Dons Solana A collection of 3,500 Mafia Bosses coming to take over Solana. Blood makes you related. Loyalty makes you family. [ ROADMAP ] Our roadmap shows what we are currently working on and ready to share. We have a lot of exciting things in store that are not ready for announcement just yet and we are always looking to add new value. * Secure Grant To Kickstart Development Before Mint * Build Community And Expand The Team * Solana Money Boys x Dons Cross-Chain Analytics Tools * Further Development Of The Dons Tools * Launch Of Launchmynft Marketplace * Merchandise Warehouse * ? 🚨The Dons Solana🚨 Price : 0.15 SOL Supply : 3,500 Mint Of Launchmynft And Marketplace Magic Eden, Opensea, Solanaart And Others. A family of 3,500 Dons on the Solana Blockchain.
Who is Emily?
Who is Emily?
Museum Grade Asset with Deflationary mechanics. This is not just a series of paintings, but a monument to infinity ∞ This is not just a beautiful portrait but a key to a performance that will last for the rest of the artworks life. Not only will Emily holders receive an exclusive Syndicate membership pass but will also unlock private access to the ecosystem of products from Peppermint Labs starting with a framing marketplace! Members will be able to curate the Genesis Gallery experience by exhibiting their artworks. Portion of the secondary revenue is dedicated to buybacks and burn until there are no Emily's left🔥 Collection perks: Community Treasury 👨‍👨‍👦‍👦
Stored on Arweave 📁 Staking Marketplace 🔒 Genesis Gallery 🖼️ Tiered Benefits 🏆 Deflationary supply 🔥 Project Incubation 🐣 Metaverse venues 🥽 Roadmap 
Phase 1 BUILDING THE FOUNDATION Following the reveal, a community Syndicate will be established and the DAO treasury will be funded with 25% of the initial sales revenue. Phase 2 FRAMING & BURN V1 of the Framing Marketplace is released to the public. Emily holders are able to curate the Genesis/Public Gallery experience by exhibiting their favorite NFT’s. Phase 3 NFT CONTEST & PROJECT INCUBATION Leveraging our existing infrastructure to help projects experiment and create new solutions. Emily will launch her first contest for all project founders in the NFT space. One winner will be selected to be incubated by our multidisciplinary studio. Phase 4 THE SYNDICATES HQ & DECENTRALISED GALLERY HOUSE Building necessary infrastructure that will not only help Emily holders to exhibit and auction their works but help improve the whole traditional art/auction industry that is now riddled with countless inefficiencies. Phase 5 COLLABORATE AND INNOVATE We aspire to build innovative solutions to ensure the autonomous functioning of our DAO. Improving Syndicates governance protocol, codifying our burn mechanics, and securing treasuries long-term prosperity. Phase 6 THE END GAME Building an ecosystem of related business activities that complement each other and bring value back to the Syndicate. DAO's treasury, market royalties, collection & ecosystem revenue streams should give enough fuel to the syndicate to not only exist but to keep on thriving.
Solana Meme Club
Solana Meme Club
Solana Meme Club is an awesome NFT collection with such utilities like PFP, useful tools and alpha information for holders, weekly SOL giveaways, regular top Solana NFT raffles. More utilities are coming after the mint! SOLANA MEME CLUB ROADMAP (+) = Done (-) = Not started yet (...) = In progress PHASE 1 (+) Generate SMC NFT collection (+) Twitter Launch (+) Discord Launch (...) Marketing and community build (...) Collabs and Partnerships PHASE 2 (-) Mint (-) Listing on ME and all most popular marketplaces (-) Add holder verification PHASE 3 (-) Alpha and tool channels for holders (-) Smart money trackers (-) Establish weekly SOL giveaways for holders (-) Launch of $SMC token (-) Airdrop of $SMC token for all holders (-) Staking functionality for $SMC token (-) Raffle top Solana NFTs for $SMC token holders (-) Establish partnerships with useful projects and provide access to their tools for all SMC NFT holders (-) Merch store PHASE 4 (-) MVP of "Pay for Action" platform (-) further plan to be revealed...
Hyperborea: Altair Properties Launch
Public mint of 10,000 Solana properties located at Altair on the island of Hyperborea. Welcome to the island of Hyperborea, located in the northern Atlantic Ocean. The properties in this collection is located in the suburb of Altair on Hyperborea. Each of the 10,000 NFTs has a unique combination of features ranging from time of day to the architectural style of the property. With this project, we aim to create a community to build the island of Hyperborea and take it to new heights. From merch to raffles, giveaways, property renovations, and much more, the island will be built by the people. The currency of Hyperborea is the SPL token Leviathan ($LVTN). Holders of Altair Properties will be airdropped $LVTN which can then be used in the Hyperborea DAO, exclusive future drops, property renovation and much more. Public minting will open on September 20 for 0.3 SOL. Whitelist presale minting can be done by people with $LVTN in their wallets, priced at 0.2 SOL. Apply for the whitelist here: OR contact me on Discord or Twitter. *** Hyperborea is a fictional island created for the purposes of this project
Meta Fokin Blinders
Meta Fokin Blinders
Meta Fokin Blinders 🎩 Project Description: Meta Fokin Blinders is a collection of 5555 NFTs on the Solana Blockchain brought to you by Tiago Paiva, that will bring HODL! HODL is the brand new revolutionary social media platform designed to allow the highest freedom of speech possible and to cater to Web3 as a whole. Gone are the web2 constraints and censorship- its time to let web3 have its voice heard and to give opportunity for everyone to make money off of social media- not just the few. As MFB is our second collection, it will give the holders access into LG DAO, giving power to the holders to vote for investments, to be paid out a % from all of our business revenues, to have access to our services and use holder-only discounts and more! 🔥 On top of that, MFB offers: -Staking for LG Points that increase your revenue share and then transfer into LG Tokens once we release our token🚀 -LG Jewels access: a jewelery brand that is discounted by 5% to holders as well as 5% of its revenue being donated towards the LG DAO. 😎 -Discounts on services and VIP Treatment in our Physical Space in Portugal, Cúpula🏡
Doge Skulls
Doge Skulls
Doge Skulls is a collection of 8,888 NFTs. Each holder may receive exclusive access to experiences, rewards and more. Roadmap: - Phase 1: First Collection (8,888 NFTs Doge Skulls will be ready to minted, stay tuned for the free mint & white list notification) - Phase 2: Other Collections (Launch of other NFT collections, where Doge Skulls holders can receive many benefits) - Phase 3: Merch (Limited release of DogeSkulls collection apparel for holders of the DogeSkulls collection and new NFT collections) - Phase 4: Animal Charity (Up to 20% of profits will be donated to charities that protect and care for abandoned or needy animals) - Phase 5: Metaverse (Metaverse development, which can be within Arcade Land, NFT Worlds, The Otherside or others) - Phase 6: DogeCash Coin (The purpose of the coin will be to benefit holders and enable transactions in the DogeCash ecosystem) Free Mint & WL:
Ible CIty
Ible CIty
Vendible has launched a cross-chain NFT collection called Ible City (live for MATIC on OpenSea) to help bring in a committed core of Polygon community members to help us test our new product Trustible. Trustible is a multi-chain, sovereign, private key recovery system using zero-knowledge decentralized identity vaults. If you lose your private keys, you can recover them with biometrics and zkChecks against info you place in your vault. Best of all, because they are encrypted in decentralized storage with your vault info, no one can ever see, store, hold or access the keys except for you. We are launching our NFT series on Polygon, Algorand, Solana, and Ethereum to build a large base of support in testnet so that, once we open-source, we can scale quickly on mainnet through referral programs and integrations with wallets and dApps. The NFT gives you first access to Trustible testnet, additional VEND tokens for participation, PFPs, discounts, and bonus multipliers from our DAO profit-share treasury.
Degen Reapers
Degen Reapers
Discover 1212 unique, fully animated Reapers, they descended from heaven to earth to take over the Solana blockchain, Staking and many rewards to our community check the roadmap. Roadmap 1.0 - Degen Reapers Phase 1 - Launch Degen reapers Together with 1212 reapers - Launch Twitter and Discord - Listing on all popular platforms, and adding bots - Build an organic community - Collaboration with NFTs community leaders (DAOs) - OG distribution Phase 2 - Secondary Marketplace Listing - Setup Holder Verification (Matrica) - Rarity and sales bot implemented - Passive income: from staking program, holders will earn some $Bread. - Merchandise: holders will get access to exclusive merch. - Holders exclusive giveaways Phase 3 - Setup the ReapersDAO - Provide high-quality FCFS opportunities and Alpha - Raid to Earn - The rest of all revenue generated will be put into the ReapersDAO Treasury Wallet for upcoming events In the reapers We Believe
A Game Of Dragons
A Game Of Dragons
A Game Of Dragons MINT Phase One A Game Of Dragons is a multi-blockchain, play-and-earn card game where players purchase NFTs of Dragons and use them to: - Compete against other players - Battle against the game environment - Collaborate with the community to take down bosses - Become fully immersed in the fun aspects of playing the game to earn; • $AGOD coins (Cryptocurrency) • In-game cosmetics for their avatar • Other in-game resources A Game Of Dragons is a multi-blockchain, play-and-earn card game where players purchase NFTs of Dragons and use them to: - Compete against other players - Battle against the game environment - Collaborate with the community to take down bosses - Become fully immersed in the fun aspects of playing the game to earn; • $AGOD coins (Cryptocurrency) • In-game cosmetics for their avatar • Other in-game resources
Lil Mutant Ape Club - LMAC
Lil Mutant Ape Club - LMAC From the creators of the established NFT Project Lil Baby Ape Club - LBAC Mint starts September 7th @ 7pm est 10K supply First 5k supply mint 0.05 eth Second 5k supply free claim for all Lil Baby Ape Club LBAC holders Claim site link will be announced after the first 5k are minted The origin of the Lil Mutant Ape Club is told as an urban legend among the Ape community, and the story of how it came to be contained two main factors: A curious ape and a radioactive banana. One day, a troublesome baby ape by the name of Quentin wanders off quietly and pillages through the jungle. After traveling for miles, he ends up in a remote area and stumbles upon something rather strange. In front of him was an abandoned lab, full of discarded equipment. A flask containing glowing, neon green liquid lights up the room. Little did he know, the scientists who occupied the land nearby were conducting nuclear experiments. A few yards away, he notices a row of trees, ripe with glowing neon-colored bananas.   He hungrily eyes the fruit, walking slowly towards the trees. He reaches for one and without thinking immediately takes a bite. Suddenly, he starts to feel weird and is hit with a burst of energy, then falls to the ground in excruciating pain. He slowly gets up with the urge to destroy and cause havoc.    He proceeds into the lab and smashes everything in sight, his rage growing more and more as he destroys computers and tables. He looks down and sees the same flask from earlier. There it was, a glowing bright green liquid with a banana inside. Everything around him goes silent as he stares into the shadows of the lab. This is where the idea was born, this is how the Lil Mutant apes came to exist. It all started with one.
Humpty Dumpties NFT Collection
Humpty Dumpty is back and making an entrance to the Metaverse. The Humpty Dumpties are a collection of Ethereum NFTs that will be shaped by the community. Each Humpty is generated from over 200 traits, including head, eyes, mouth, cloths, wall, bonus. We are a DAO that will vote on how the Humpty Dumpties’s story evolves. Everyone that joins our Discord can vote on how the Humpties take over the metaverse. Join our Discord and help us write the Humpty Dumpties story. The DAO will vote on projects to generate profits that can be reinvested in the DAO to fuel further community benefits. This can include Events, Animated Cartoon, Comics, Books, Clothing, NFTs. ^ CHAPTER 1 Getting Started Build Discord Build Website Start Twitter Start Facebook Page Start Reddit Looking For More Team Members Finalize Artwork ^ CHAPTER 2 The Story Begins Road Map Suggestions are taken The DAO votes on how the story is wrote Get listed on NFT Calendar Drop Websites Grow Social Media Accounts ^ CHAPTER 3 The Mint Starts Mint Price: DAO Writes The Mint Price Mint Date: 9/1/2022 Mint Site Ready ^ CHAPTER 4 The Story Continues The next chapter will begin and the search for if the Chicken or the Humpty came first continues. Partnerships Giveaways Twitter Raids Twitter Spaces
Proof of Singularity is the is the first interactive eBook publication in web3. It is the living community mission of Metavers Artspace DAO that gets reviewed every season and re-written once every few semesters. The book is an everlasting act of co-creation with the community as a co-author, who can vote on modifications. Metavers Artspace DAO is building a Web3 Academy of Fine Arts on chain, providing a large number of experts for the next generation of educational content. As basic literature for the application process, the NFT gives access to courses on the community server with an AI-Teacher. The eBook publication on metamodernism, artificial intelligence and the concept of singularity addresses new technologies from an artistic perspective and analyzes the social impact. It is a guide for the aesthetic, conceptual handling of artificial intelligence and the philosophical-artistic attempt to describe an age that consists of the discrepancy and remix of many ages, the oscillation between norms and values ​​without a fixed perspective. It endeavors to make our complex, simultaneously accelerated and decelerated present capable of discourse by means of a glossary. The NFT edition integrates web3 advantages into the publishing of eBooks: +resell your eBook +get limited, collectable and rare editions of your favorite book +the book is your key to DeFi +using your book as collateral +collect your book as NFT +showcase the books you collect +join the associated community server to engage with others that are on the same learning path as you, discuss questions, and connect. +Read the eBook on your favorite eBook reader (Kindle, iPad,…). The book is provided as PDF, ePUB and Kindle file. PROOF OF SINGULARITY is born in a gas-free and carbon-neutral layer 2 solution to avoid high fees and energy consumption. Modifications and improvements to the publication will be driven by the community.
GRAB YOUR BULL BY THE HORN. One of the numerous benefits you stand to enjoy by purchasing our NFT is that you will get on our whitelist. This basically means that you will be the first to be notified of new drops and giveaways and pre-sale mints. Practically, it is wise to hurry and join the early birds to mint/claim our NFTs. When you join NFTMAGICS WORLD – by purchasing an NFT, following us on twitter or just joining our DISCORD – you’re instantly part of our Bullish community. A global and interactive community that empowers and supports each other on this exciting journey into Web 3.0. We’re focused on building authentic connections as we delve into the metaverse together. When you purchase any of our NFTs you’re automatically granted the Rights of Ownership; This basically means that you have the licence to private and commercial usage of your newly purchased NFT art as it is now your personal property. You are free to use, sell and customize as you deem fit regardless.
Rage comics memes NFT Collection
Rage Comics are much more like comic cartoon faces, they are a special type of meme, a combination of drawings usually characters and props which are accompanied by a text in the description of each rage comic meme character, either representing what a character is saying or describing what is going on in the picture. As part of Rage Comics fandom and the Memes community, We believes that Rage Comics are the original memes OG , the absolute funniest on the Internet and according to us, they should always be available online. To build a decentralized community that monetize decentralized memes, we developed Rage Comics NFT as a iconic Rage Comics decentralized meme NFT collection stored on Polygon Matic decentralized network to trade for fun, Roge Comics NFT Collection available on By holding Rage Comics NFT, a stake feature will be enabled to hold $RGC token that deployed on Binance Smart Chain as BEP20 token and launched on ASTROSPACES decentralized launchpad, and with that $RGC holders will be rewarded with the decentralized $SPACE tokens as launchpad part and by there, we maintain developing a decentralized community as Decentralized Autonomous Organization (DAO) More tokenomics details available on In effort to maintain decentralization, once organization launched by community , we launch a Decentralized Autonomous Organization (DaO) where we decide future events by decentralized community, which involve sharing feedback, proposals and voting on polls.

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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
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
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.


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
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.


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.


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