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Defi

Daisen Investor Pass
Daisen Investor Pass
Ethereum
With Daisen we want you to be the banker yourself. Not only will you have custody of your assets, you will also be able to make decisions and receive benefits. That's why each of Daisen's 5000 initial investors are unique and different from each other. Discover which one you are and enjoy the advantages of being part of the world's first community of Web 3 bankers. Max Supply 5,000 1 NFT = 1 Free Daisen Debit Card Platform alpha access IDO spot Up to 80% of discount in DeFi services Boost your staking Get your DAP Daisen is a unique protocol which integrates a Non-custodial wallet in a CEX. And creates a full CeFI-DeFi Ecosystem in just one platform. This integration makes possible the creation of the Daisen Card. Which you can use for your day-to-day expenses, paying with fiat or even your preferred DeFi token. In summary, Daisen Ecosystem merges the advantages of CeFi and DeFi building new technologies and growing the ecosystem with real use cases.
Money Angels
Money Angels
Polygon
Money Angels is a new reward yielding NFT collection giving away monetary rewards (ranging from 1K to 100K) that will be airdropped periodically as the collection matures to completion. The goal is to expedite the creation of Heligin Chain, a Blockchain where liquidity cannot be pulled. Every NFT is valuable and represents utility. Certain NFTs allow Investors to pre-order nodes first. Owning a node for Heligin Chain will be a big deal as the nature of our nodes are first to market and highly unlikely to be imagined. Other NFTs grant access to whitelist and presales for affiliated projects that will launch on Heligin Chain. In addition to this, some NFTs are used as a ticket into gaming tournaments with a Gaming company we are partnered with. We strongly believe that rewarding our investors substantially will garner the attention of the cryptocurrency space, and when we launch Heligin Chain everyone will be aware.
Tokoloshe
Tokoloshe
Ethereum
A witch doctor had been preparing for the day of the living dead, and his plans for a takeover are bound to happen... His plan? Unleash 5000 Tokoloshe to roam the world free. :japanese_goblin: Our flagship cc0 NFT, Tokoloshe is inspired by bantu folklore and web3, combining both in the Tokoloshe’s artwork, with the gateway being created by them. We plan to utilise Tokoloshe as our genesis mint, with the NFT itself acting as an access pass for our African Kingdom Metaverse and ecosystem, as well as getting early access to Tokoloshe Game.. As a Tokoloshe holder you will have access to free mints of future NFT projects and other giveaway's. To summarise: 🧟 The Tokoloshe will be the key to gain access to the African Kingdom! 🧟 As a Tokoloshe holder you will have access to free mints of future NFT projects and other giveaway's! 🧟 Owners of the Tokoloshe will have complete private and commercial rights to use the NFT as they wish.
Evil Kongs
Evil Kongs
Ethereum
10,000 NFTs for Staking on Ethereum Network. 100 Free Mint on website. We are a project of utility NFTs, which aims to generate income through staking, each NFT will be in conjunction with the official token of the project called Evil, our project focuses on the function of staking, but also offer other services, such as; faucets, video game, casino, DEX, Token Swap, among others. Each user who decides to purchase one of our NFTs will be offered a staking membership for an indefinite period of time, that is to say, for life. The purpose of this project is to provide a reliable and solid Staking service with NFTs, where our users will have the greatest possible transparency to feel confident and where they can see in a transparent way everything that is planned to do with this project, one of our main objectives is to encourage the useful use of NFTs and make it clear that they are not only artistic images and that you can do more with them, which is why we have planned even more things for the development of the project, which will be implemented as the project progresses. We are Evil Kongs and we are here to satisfy your greed. #BeEvil #BeEvilKong
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.
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!
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.
NFT Presale (1st round price is 0.07ETH)
1st round of NFT in presale will be 0.07ETH. A collection of 1,111 unique 3D robots. These robots will use in our staking program. These robots character can further use in play to earn metaverse game. Hold Nft's in your metamask wallet and earn rewards. Nft's are more then just a avator. You can earn money by staking Nfts. The holder's of Nft earns crypto coin. We will launch a crypto coin that named is ROBOT with symbol RBT. We will built RBT coin on polygon (Matic) chain. You just hold a Nft in your wallet and earn rewards with the highest 1000% APY. The more you hold Nft's, more your earn money. The income came from NFT's sale will add in RBT coin liquidity. There is no lockup period for staking. Our system sends you coins on daily basis if you hold a nft. If you put it on sale, you can also earn staking reward. You can sell your Nft at any time. Our RBT coin will soon available on all biggest centralized and decentralized exchanges such as pancakeSwap etc..
Legendary Safuu Club NFT LAUNCH
Welcome to the World of Legendary Safuu Club ! The NFT that Pays!!! The Legendary Safuu Club, is a game changer in the NFT space with a huge lottery style airdrop to holders! Win over $30'000!!! Weekly*. The mint will take place on Saturday the 15th of October, 2022 and will be open to everyone. Check out our website and join our Discord server now to get Whitelisted for a discounted rate ( Extremely Limited, Be Quick) and become a part of this awesome community! Whether you're a seasoned NFT collector or just getting started, we welcome you to join us on this exciting new adventure. When you Become a Legendary Safuu Club NFT holder you will collectively become one of the largest whales of the Safuu Protocol and SafuuX Blockchain. Legendary Safuu Club is the first of its kind, and we are proud to be at the forefront of this new and exciting industry. NFTs are digital assets that are unique and cannot be replicated. They are stored on a blockchain, which is a distributed ledger that allows for tamper-proof tracking of ownership and provenance. The idea for Legendary Safuu Club came about when we realized that there was a need for a more social and engaging way to interact with NFTs. We wanted to create a space where people could come together to trade, chat, and just have fun with their NFTs and so, the Legendary Safuu Club was born. Legendary Safuu Club will offer a variety of benefits for members, including early access to new projects on the new, unique and upcoming SafuuX blockchain, exclusive events, and a community of like-minded collectors and creators. We believe that NFTs are the future of the collectibles industry, and we are committed to providing our members with the best possible experience. Join us onthis journey NOW, and be part of history! For more information kindly check out our website: https://legendarysafuuclub.com and join our discord server : https://discord.gg/qTMEMCC8fZ
ALPHAINCHAIN Wolves
ALPHAINCHAIN Wolves
Ethereum
AlphaINCHAIN collection has a total supply of 10.000 NFTs. This supply is distributed in the following Whitelist phases. In each of them there is a limited supply associated with that price. 1. VIP ALPHA Mint - Supply: 1000 | Price: Ξ 0.1 In this VIP phase, users have a 25% chance to mint their Legendary NFT. You will surely be able to buy a NFT. Maximum 10 per wallet. Leftovers go to the public. 2. Private Whitelist Mint - Supply: 1000 | Price: Ξ 0.1 In this phase, users have a 15% chance to mint a legendary NFT. You will surely be able to get your NFT. 3. HEDGE Mint - Supply: 8000 | Price: Ξ 0.1 In this phase, users have a 5% chance to mint a legendary NFT. - Exclusive investment opportunity powered by a 10k NFT Collection living in the Ethereum Blockchain In the same way that an Alpha Wolf looks after its pack, AlphaINCHAIN is different from other projects, being one of the few in the market supported by a solid and validated investment methodology. Thanks to the NFT technology, we can multiply the possibilities of management, control and distribution of the invested funds, making the AlphaINCHAIN project a new way of understanding participative investment. By purchasing a NFT from the collection you become a member of our exclusive community. Depending on the NFT you have, you will have different personalized benefits. Official Links 🔗 Twitter: https://twitter.com/AlphaInChain Telegram: https://t.me/AlphaInChain Discord: https://discord.com/invite/S6wazFexyG ALPHAINCHAIN PROJECT 🕹️ How it works Our Blockchain experts' team has designed a simple, robust and secure UX, which works in an intuitive, automatic, fair and transparent way to diversify the investment. In most utility NFT projects, investors don't have voice and control in funds distribution. AlphaINCHAIN takes care of its pack. That's why we have developed the most cutting-edge technology platform, where the our crypto community is strongly connected. Welcome to our family! Participate in our launch and acquire your NFTs on our AlphaINCHAIN.io platform. If you have arrived late, you can try to get access to our pack through secondary NFT marketplaces like OpenSea. Our investment team will manage the funds through different Staking Pools, DeFi, IDOs, Trading opportunities... Our objective is to diversify the treasury in order to mitigate exposure, compensating riskier investments with safer ones. Read treasury section to know more about this. Depending on the NFT rarity, users will have different privileges. Each wolf has a rarity percentage determined by its traits. This rarities create tiers with higher or lower percentage of the Staking pool. The benefit belongs to the community. This is done by distributing the returns between members, team and treasury. On our platform, holders have access to all the information about their funds. The performance of the pack's movements will be always reported to our community. At any time, as a member of the community, you will have the possibility to sell your NFTs on the OpenSea. Visit our Secondary Market section learn more about this process. 💎 NFTs The strength of the wolf is the pack, and the strength of the pack is the wolf. Mint your NFT in our platform and be one of the first members of the pack. Join our whitelist now and become a member at unique price. We will launch our collection on three different sales explained on the Whitelist & Mint section. Once the collection has been sold, users will have to go to secondary market to get a spot in our pack. For more info on: 🥇 Primary Market 🥈 Secondary Market 🎖️ Tiers 📌 Traits & Rarity 📈 Staking 🎁 Treasury 📖 Thesis & Methodology 🛣️ Roadmap 🎯 Mission 👁️ Vision 🚀 Competitive Advantages 🐺 The Wolves 🧬 Generative Algorithm 💻 Art Tools 💻 NFT Lands & Wolves Marketplaces 🎮 MOBA P2E Gaming Visit our WHITELIST on our web!
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.
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.
Biomaverso JaguarNFT
Biomaverso JaguarNFT
Ethereum
Preserve biodiversity and JAGUARS with Richard Rasmussen and earn more than 9 benefits!
AZL FREE MINT
AZL FREE MINT
Solana
AZL is an exclusive collection of several thousands of squirrels that have gone NUTZZZ to create an ecosystem that empowers web3 within reality. Jungle storm is coming, we’ll make you go NUTZZZ. Its a FREE MINT PROJECT Stack your AZL NFTs and earn 450 AZL TOKENS per days
9Bean
9Bean
Ethereum
9Bean is a Free to Mint helper NFT character for the 9Cat Saga P2E Game. Formed by a spiritual connection with 9Cat himself in the Sakura Mountains,9Bean will play into the story of the second world of the 9Cat Saga game. 9Bean will follow 9Cat on his missions into the wild earning XP as you complete in-game quests. It will help you defend against enemies, with special skills and buffs being unlocked as you level up your 9Bean. Your 9Bean will initially be in an infancy state and will grow to reveal its complete form as you play through the game. How to Mint? The Free Mint is open to all users who sign up for a 9Cat Saga account and complete at least one mission into the wild. You can find all details regarding 9Bean in our introductory Medium article here → https://medium.com/@9metaverse/introducing-9bean-the-free-to-mint-9cat-companion-6b36a3582b6d Mint Date Minting will start on September 30th for Whitelisted users. Exact mint time will be shared closer to mint date via our community discord: https://discord.gg/9Cat The 9Cat Saga The 9Cat Saga is a Play and Earn 2.5D Sci-Fi Shooter/Adventure game that utilizes both the Ethereum and Polygon Networks. You will play as the lovable hero 9Cat as he scours the 9Metaverse for a cure to the Mysterious Spiritual Virus spreading from planet to planet. Shoot to survive, Finish quests, Collect items, Craft Gear and much more! Currently available for Mac & PC. For more information on the 9Cat Saga P2E game, check out our project page: https://9cat.io/

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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