Browse Upcoming NFT Drops, NFT Events & Marketplaces

Defi

☣️ SLM GΞNΞTICS ☣️
Welcome to ☣️ SLM GΞNΞTICS ☣️ The Bio Chemical genetics LAB that genetically engineers Mutants for the Ethereum Block Chain. Here at the lab we've trialed and tested every element on planet earth to create a variety of successful mutations with extraordinary powers available for purchase for private smart contractors. Each of our mutants can under go FURTHER mutations making them even more UNIQUE and RARE ! A 3333 collection Created by UK NFT strategists and renowned UK design team! The team have hand drawn a variety of high quality attributes with thousands of different combinations to generate the most unique looking mutants on the block chain! PLAY 2 EARN GAME, 50% ROYALTY, LOW GAS ERC721A, MUTATABLE NFT & MUCH MORE
Grumpy Gang
Grumpy Gang
Ethereum
The Grumpy Gang is a non-fungible token(NFT) collection built on the Ethereum blockchain. The collection features real-life utility through its Freelancing Dapp and Virtual space called Grumpyland. The grumpy ecosystem runs on $GT an ERC-20 token built on the Ethereum network. Being Freelancers and going through the problems they face firsthand, we have a vision to create a platform for all the workforce out there that solves the problems with the current freelancing industry with the leverage of NFT and web 3.0 technology has to offer. As of now, startups were seeking venture capitalists for seed funding to get their projects rolling but with new blockchain technology, we aim to raise funds through NFTs and then give back to the community with something more meaningful something more tangible than just a profile pic. We plan to create an ecosystem where the community can spend time in a Utopian virtual space and can trade services through a freelancing Decentralized platform all within the ecosystem. The different thing about it is, that this is a Well thought decentralized business plan. Now the problem freelancers face is that the freelancing platforms charge 5% intermediary charges from the buyer and 20% intermediary charges from the seller. What we aim to do is that, solve this by creating a decentralized application that reduces these charges to a minimum. This will drive the freelancing industry to our DaPP which in turn will generate revenue.
Ongoing Pre-Sale, LP for PiFi will be launched
Pigletz is a collectible game with DeFi elements. It is built around the main character - the Piglet, an NFT having a utility as a piggy bank where users can deposit crypto tokens and earn PiFi. Pigletz are items. A contemporary version of a piggy bank. An item that can exist in the Metaverse. And also can exist in the real world. But not in both. Each Piglet starts its life randomly minted and at level 1. Being at level 1 means that only some of its traits are revealed. In order to progress with levels and reveal more traits the owner of the Piglet needs to wait and collect PiFi (similar as eXperience Points). There are options to speed up the collection - for example by completing tasks and activating boosters. Each Piglet has its own wallet - a smart contract that is owned by the Piglet itself. Breaking is the final step in the life of a Piglet. By breaking it the owner is actually killing it, losing its NFT/collectable value, but gaining all the assets within it. One of its unique features is the option to materialize the Piglet. In order to do that the owner stakes the piglet in a specific contract and obtains a real 3D printed Pigletz figure. While being materialized the NFT is locked and cannot be transferred. The only way to unlock it is to break the Pigletz figure (in the real world) and to use the codes inside of it to unlock it. At the end the game is all about the dilemma - which is more valuable - the Piglet as an NFT or the tokens inside of it.
PuppyPegArmy
PuppyPegArmy
Ethereum
PuppyPegArmy is the First Italian project, developed by PegLabs, with an integrate 3D play-to-earn game and staking of NFTs. It aims to collaborate with artists, influencers and brands to help bring their art to you both in the form of NFTs and real life merchandise such as collectibles and wearables, acting as a platform for them in the NFT world! 🚀 We will be a part of the community and continue to grow even after we sell out. Each of the 3000 Puppies was computer generated out of 190 hand drawn traits. The presale for PuppyPegArmy is on the 30th of April at 12 am UTC. The public sale PuppyPegArmy is on the 30th of May at 12 am UTC. Presale mint price will be 0.03 ETH. Public sale mint price will be 0.1 ETH. We can't wait to have you be a part of the PuppyPegArmy community. Blockchain: Ethereum
The Quode-List
The Quode-List
Polygon
The Quode-List Launch. The first Student Scholarship Project. Minting a Quode makes you eligible to apply for $5k Student grant. We look forward to making your dreams come true. Funding by creating assets. Doing traditional things the Web 3.0 way. The Quode-List is a collection of 2515 tokens containing coded messages written in 9 different code languages with 16 different encryption keys. A subsidiary of The WildList NFT is a collection whose proceeds will go to fund student holders. Citing this as a novel approach to funding, the project aims to maximize the return on a scholarship application. Here an application itself doubles as an asset whose value increases with time. With more than $50k given away in student grants, the project is setting a record for being among the few NFT projects that are giving away grants directly to holders for a specific cause. The Quode-List: The first student scholarship NFT Project The first NFT project to redistribute funds in a grant function, it’s primary goal is to fund students and educate those who are new to the NFT space. Holders of the Quode-List are eligible to apply for a $5K student grant in MATIC. Close to $50K from the collection's proceeds will be awarded as student scholarships. Additionally, holders receive a Web 3.0 starter kit, which provides them with over 700 curated resources to help them get started. Deployed on the polygon blockchain for it’s low transaction fees, the Quode-List is intended for students of all levels of study to benefit from. With a mint price of 23 MATIC, approximately $35, each token costs less than the subscription fee for most scholarship websites. Simplifying the process of applying to grants, the process can be roughly summarized as: Mint → Fill the application form → Meet the founders → Get funded. The grant is distributed according to the ranking of the holders in the applicant pool. The ranking is based on the number of tokens held and the application form filled out by the applicants. Higher the ranking, the larger the grant amount received. The distribution can be outlined as follows: Five applicants will receive 5k each in Matic. Another 5 applicants will receive 1k each in Matic. And the remaining funds will be distributed equally among the applicants. The team is also slated to release a podcast titled The De-quodit as an engaging way to decode the messages contained in the token. Guests relevant to the message being decoded as well as token holders will be featured on the podcast. The Quode-list has been designed to eliminate the challenges associated with applying for scholarships as well as to maximize the return on effort and investment made. The collection also doubles as a whitelist token for the upcoming The WildList NFT project, whose art reveal is set for the 30th of April. To get the application, holders must join the discord server and verify their assets with Collabland to get access to the #grant-application channel.
The Lunartics
The Lunartics
Ethereum
Lunartics have their Moon Bags packed! Armed with tiny bodies and even tinier minds, Lunartics have been making desperate attempts to Moon It since 1969 when Neil Armstrong unwittingly ripped them away from their home. Created by FOX Animation legend Julius Preite (Simpsons, Family Guy) and notorious Writer/Producer Dan E. Fesman (King of Queens, NCIS). Each season will launch a new series of animated videos of the Lunartics’ most futile and embarrassing missions to the moon over the past 50 years. Lunartics holders will be able to vote on upcoming missions, and even have a voice in the shape of the series! And, if they’re lucky, see their character pop up in a future episode. Go behind the scenes with two industry insiders, rub shoulders with an exclusive community of creators and animators, and be a part of the next big bang when blockchain technology converges with the world of entertainment! Ξ0.08 per NFT + gas. There is no change in mint price between whitelisted and public mint.
DOGWALD
DOGWALD
Solana
We are glad to introduce you the NFT collection which was inspired by our dog Oswald Lee. It represents 300 types of real emotions and poses from the life of a Scotch terrier on the Solana blockchain. We have collected them throughout the life of our puppy, and we will be happy to give you a part of this huge universe. ROADMAP Phase one- •Creation of a collection of 300 Dogwald on the Solana Blockchain☑️ •Secondary market Approval (Magic Eden, Solsea)☑️ •Launch Website☑️ •Mint •Maintaining the price onthe secondary market and holding promotions for the distribution of Sol from the percentage of Royalties in our official Twitter. •Starting an NFT game development. Phase two- •Distribute the time period for the following collections to maintain balance and price. •Release of 10 new Dogwald and friends collections for a total of 3000 NFTs. •Creation of game where purchased NFTs will be used. •Creation of the Onyx token as a game currency. •Game launch •Creating and launching the Dogwald 3D NFT collection.
Avengers Endgame Metacard Club
Avengers Endgame Metacard Club brings you a complete collection of avengers endgame cards based on randomly generated Avenger character's , total collection consists of 5000 metacards on polygon chain. club motive is to contribute in NGO that provides food and medicines to the needy ones. we will provide homeless people a source of earning like a small store in the field in which they are good at like small grocery store , stationary shop, shoes shop, ice cream shop , chocolates shop and so on ..this will provide them a way to earn not to beg. our Avengers Endgame Metacard Club project will fund this kind of stuffs. LINKTREE: https://linktr.ee/avengers_endgame_metacard_club All the updates will be posted on our social sites including instagram, Twitter, Discord. link is provided in our linktree profile. We welcome you all to join our family.
Lost Civz | CNFT
Lost Civz | CNFT
Cardano
Bringing the dead back to life on the Blockchain! A tomb of Collectable 1-1 CNFT Mummies Ever-growing hoard of artefacts Come join the fun! Collect your Civilization and build the greatest kingdom! Solid community focus! With events & active members! Art focus with rewards to long term holders! Frequent and transparent communication! Our debut collection, as we plan to further the civilizations you can collect with community voting rounds, giving you the choices to control the destination we'll choose next! Lost Civz is a generative 1-1 CNFT Collection of Ancient Egyptian Mummies! Our first holders will be given Mint Pass's to be able to collect our further civilizations! So be early!
Gnarly Knights
Gnarly Knights
Solana
Each NFT is your ticket to the daily giveaway.  100% of the capital from the mint will be invested into 35 different DeFi protocols creating a super diverse treasury.  40% of the daily yield from these investments will be given away daily to one of our community members.   The daily giveaways will increase every week due to our treasuries compounding.  Over time the FP will increase right along with the daily payouts.  📈 There will only be a supply of 666 so the more knights you own the better chances you have of winning the daily giveaways.  You must own at least one Tubular Tombstone NFT and one Gnarly Knight NFT in order to be eligible for the daily giveaways of $300+ The WL Mint price is 0.66 SOL and will begin on April 21st at 5:00 PM EST and will last two hours. The public mint price is 0.86 SOL You can mint here 👉 https://groovystones.xyz/knights
Mantis Mansion NFT
Mantis Mansion NFT
Ethereum
What is Mantis Mansion? Mantis Mansion is a collection of 6,666 unique NFTs on the Ethereum blockchain. Every Mantis is unique and programmatically generated from over 180 possible hand-drawn traits, including headwear, eyes, mouths, clothing, and other possible traits. Mantises are stored as ERC721A tokens on the Ethereum blockchain and hosted on IPFS. All owners have full commercial rights, always. This means you can use your Mantis for whatever you'd like, whenever you'd like. What are we doing for the community? Mantis Mansion plans to donate 25 ETH after the end of primary sales to Ukraine. We want to make it our mission not only to create the best NFT community but to make a difference in the world where we can and to do our best to lead by example in the space. We are also running various giveaways, prizes, and games throughout launch and in the future. What's the story? The Mansion - an exclusive, members-only society has gathered all of the Mantises together for a dinner party. But one of the Mantises, presumed to have slipped away at just the right moment - has committed a terrible crime, a heinous act of murder. At this point in time, we have no indication of which of the 6,666 Mantises is the culprit. Who did it? We're going to definitely need your help to solve this mystery, Mantis. Are you in? What is "The Mansion"? Every Mantis NFT will serve as your access pass to "The Mansion" - an exclusive discord community open only to Mantis Mansion NFT holders. ‍Join the Mantis Mansion discord, head to the #✅-verify-your-mantis channel and connect your wallet to enter. Inside you will find a private chat for holders, MM exclusives, and more to be released in the future. We look forward to continuously building The Mansion and expanding all of the benefits that Mantis holders receive over time. Wen mint? Guestlist VIPs [CryptoCrawlerz Holders] Pre-Sale - April 18, 2022 Guestlist [Whitelist] Pre-Sale - April 19, 2022 Public Mint - April 20, 2022 How much is [1] Mantis Mansion NFT? 0.069 Ether How many NFTs can I mint? Each wallet will be limited to 10 NFTs per TX. What is "guestlist"? Guestlist, or "whitelist" traditionally is the pre-approval of a certain cryptocurrency wallet address for the minting of a specific NFT drop on a specified date or time. Whitelist is desired amongst the NFT community in order to avoid minting their NFTs along with the rest of the public as to avoid gas wars (a spike in transaction fees on the Ethereum network due to high activity). How do I earn guestlist? There will be 3,333 guestlist spots available. The guestlist is a reward for early supporters, users engaging in the community daily, and rewarded for completing various competitions and bounties. The first 1,000 discord users will be granted guestlist through the #-sign-guestlist channel. To secure your spot on the guestlist for being an early adopter head to the #-guestlist-information channel and follow the steps listed. (Limit 1 guestlist/whitelist per wallet)
1st NFT Pack Drop - MotherPlants
MotherPlants is a gamified version of DeFi that features high-utility NFTs. Each unique NFT is immersive, game-ready in MotherPlants MiniGames, and interoperable with external Metaverse projects. Players can collect immersive 3D magical plants and other NFTs from the MotherMarket, stake tokens to earn token rewards, and even breed cultivars to get better rewards, all with an easy-to-use interface. At MotherPlants, NFTs are transformed into game-ready digital asset collectibles that can grow in rarity (value) when players actively tend their garden. With a dynamic system of increased game play and functionality for NFTs, MotherPlants not only attracts liquidity (like most DeFi protocols), but it also retains liquidity. Furthermore, by building on Polygon’s Layer-2 solution, gas fees on transactions for DeFi’ers and NFT collectors are significantly reduced. Welcome to HashPlants, where magical plants and other game-ready items are minted as NFTs with their own DNA, their own actionable features, and their own vibe. Players will be able to acquire rare plants and other immersive NFT items in the MotherMarket to use in-game with HashPlants’ MiniGames, as well as across multiple external Metaverses like Roblox, Wilder World, Sandbox, Decentraland, etc. They can build a collection, grow their gardenscape, and even breed better plants to increase APYs. Players may buy and/or lease growing plots to grow their magic plants and stake $MOTHER tokens to increase yield. $EED tokens are used for breeding plants, buying new NFTs and for in-game rewards. All transactions in the MotherMarket are automated through smart contracts, as described in the Technology Chapter. HashPlants provides a full spectrum of game participation with easy gameplay for newcomers and deep gameplay for skilled DeFi gamers. All users will have ample opportunities to play and collect NFTs that have a high level of utility and lasting power, as well as grow their herbarium, harvest and earn
DIMENXION; DECENTRALIZED METAVERSE ENABLED ENDLESS
Dimenxion.io is an integrated P2E metaverse where users can create unique digital world, interact with like-minded people and broaden their perspectives Our decentralized metaverse enabled endless possibilities. This is topped off with addictive quizzes enabled by our agile gaming capabilities! Users can govern through the DAO, build and own land, set their own rules, operate within escape rooms, battle royale and make money by curating innovative gaming experiences for others. Dimenxion.io is reinforced by the Solana network, which is the first of many to come! We’re community-oriented and eager to increase diverse opportunities, which is why you can expect other networks to be integrated soon.
Crypto Realms War’s NFT Drop
The first NFT Drop for Crypto Realms War will happen on April 13, 2022. These Tier 1 NFTs will entitle their holders to unique privileges and unlock new experiences. These NFTs are not only playable but they will empower you, our dear Warriors, to be a bigger cog in the Crypto Realms War community. What are the Tier 1 Warrior NFTs? We have now opened the Whitelisting portal for the Tier 1 Warrior NFTs. These “Origin-Level” NFTs will be limited to 2,500 and has the following benefits exclusive only to this drop. 💥Chance to be a beta-tester and 1st dibs on the game 💥Exclusive chat room with founders, investors, and the core team 💥Community-only access to future sales and drops 💥Instant Whitelist to limited-edition drops like legendary weapons 💥Raffle, instant prizes, and zany fun stuff for all NFT holders So, we’re not only releasing characters to be played with, we are expanding your reach, influence, and connection to the Crypto Realms community via the NFTs. By attaching so much utility to the Tier 1 NFTs, we will be empowering our most fervent investors. You will not just be an audience or someone playing a game, you will become trusted companions and co-creators who can help raise the value of Crypto Realms War.
Alpha Puppies Public Launch
Alpha Puppies Hi everybody, Alpha Puppies is a collection of fun puppies barking on the Solana Blockchain. They are all randomly generated with attributes and built in ranking. You should definitely check Alpha Puppies out If you are looking for quality NFT project, You found right place! You can easily make some money by holding our NFTs. We will be listing on Magiceden soon. Don't miss your chance to grab one! Whitelist Pre-Sale Early Access Pass People who own these Early Access Pass (APtokens) will be able to participate in the pre-sale and benefit from the discount. 333 AlphaPuppies NFTs will be launched onto the Solana blockchain. :rocket: PRESALE: 0.075 SOL PUBLIC: 0.1 SOL SUPPLY: 333 PUBLIC LAUNCH: 13 APRIL 2022 Join their Discord: https://discord.gg/rH4yb4YkpA Follow their Twitter: https://twitter.com/alphapuppiesnft

NFT List - Upcoming NFT Drops, Events, NFT News & NFT Marketplaces

Sponsored NFT Drops

Banner 1
Banner 2

Browse Our Upcoming NFT Events & Start Your Own NFTs Collection

Read Latest NFT Blogs

Top Tier Athletes And Their Involvement In NFT World

Top Tier Athletes And Their Involvement In NFT World

Many parents support the idea of their offspring becoming athletes and sports stars. When asking a child about their career aspirations, becoming a sports star would top the list. Though reaching the pinnacle is difficult, it is one of the best careers in the world. The attraction to sports is the players' financial gain and adulation. Anyone who reaches the top of any sport will become financially free. Furthermore, players from the most popular sports are celebrities on par with actors and famous businesspeople.

The vast sums involved in sports are due to the massive interest and demand from the general public. People love sports and are willing to pay enormous money to watch sporting events. Due to the fascination, businesses not involved with sports pay massive advertising fees to become associated with the sport. There are many sports, from golf, martial arts, cycling, and racket sports to track and field events. It is an endless list.

However, some sports have better earning potential than others. Sports such as soccer, football, basketball, golf, and tennis are some lucrative sporting activities. Anyone who reaches the pinnacle in these activities will easily earn millions of dollars. There are few sports stars whose fortunes run into billions. Earnings are not limited to the salary received from the clubs. Top sports stars can accumulate wealth through endorsements, sponsorship deals, and payments from their clubs. The massive earnings are due to the player's skill set combined with their popularity. A famous, well-loved star will command the highest salaries.

Investment Options For Sport Stars

Like all wealthy people, sports stars invest their income; they use their finance to buy more wealth. It makes zero sense for money to sit idle in bank accounts. Investments take all kinds of forms. From starting their own business, investing in other companies to involvement in financial markets are some of the popular forms of investments. Cryptocurrencies and their associated technologies have become mainstream in the last few years. The portfolio of many wealthy people, including sports stars, usually has some investment in this arena.

Investing In NFTs

Non Fungible Tokens (NFTs) are one way to invest in cryptocurrency technologies. This field has attracted many sports stars. Some famous sports stars who hold NFTs include Stephen Curry, Serena Williams, Shaquille O'Neal, and Neymar Jr. These are just a few of the hundreds of sports stars who have become involved with NFTs.

NFTs, with their cartoon art representation, appear fun and appeal to the younger generation. Given that the sports star demographic is of the lower age bracket, it makes perfect sense for these people to invest in NFTs. Owning NFTs can help market sports stars and their brands. Becoming associated with a popular NFT collection will increase the media coverage received. For example, if an athlete buys a blue-chip NFT such as the Board Ape Yacht Club, the news will be seen on all major outlets and social media channels. This is a win-win situation for both the project and the athlete.

The more an athlete is featured in the popular media, the more it enhances their prominence. It allows them to demand more outstanding salaries and endorsements. The involvement of top-tier athletes will help drive up the price of the NFT, a good situation for the NFT project. Additionally, NFTs are an investment opportunity. Though buying NFTs is highly speculative, there is an excellent chance that blue-chip projects will see a price rise. Top-tier NFT projects such as BAYC and Azuki continue to see a price increase.

NFTs can help well-known athletes connect with their fans. The trend is for athletes to buy NFTs from significant projects to date. There will be a more significant number of athletes who will release their own NFT collections. It offers the athlete a way to bond with fans in new and innovative ways.

Holders gain the opportunity to meet the star or receive merchandise. This helps to solidify the relationship; it will lead the fans to become even more interested in the athlete's brand and helps to foster a community of fans in ways never seen before. There is also a financial benefit for the fans. Owning the NFTs of a sports star, the fan can sell these assets. Previously the relationship has been a one-way street; the athlete benefited from fans without much reciprocity.

If the perceived value of the star is on the rise, the price of the NFT will increase. It offers the opportunity for the holder to sell their NFTs for a profit.  NFTs open up all manner of possibilities in the world of sports. Sporting clubs can sell NFTs, which will offer their fans the opportunity to gain merchandise, special ticket allocation, or vote on club governance. NFTs are relatively novel, but there is no doubt that this is a field that opens up opportunities never seen before in the world of sports.

 

Apr 9, 2022
Kate
The Importance Of The Founder In NFT Projects

The Importance Of The Founder In NFT Projects

People who've followed NFTs for some time are aware of these essential considerations when buying NFTs.  Many new members of the NFT community overlook this critical aspect.

Many newbies buy NFTs without much consideration. The usual pattern is for people to hear about NFTs, find the NFT community on Social Media platforms such as Twitter, and become part of the Discord servers of various projects.

A busy server and quality artwork ensure the newbie becomes involved in the community. It leads to the person minting the NFT on launch.

Following the mint, it's common to see the price of the NFT fall in value. After a few months, the founders neglect the project, and the holders find themselves with an NFT with little value.

Since this neglect has been the standard pattern seen throughout 2021, most NFTs on the secondary market are worth less than the price paid on launch.

There have been numerous cash grabs. The founders make six figures from the NFT project, but the investors have a losing asset.

The success stories in the NFT space have received praise. For example, the Bored Ape Yacht Club (BAYC) is admired throughout the NFT community, and any NFT stories in the mainstream media feature the BAYC regularly.

For every successful project, there are far more failures.


Mistakes Made By More Experienced NFT Buyers.

After spending time in the NFT community, people become aware of the requirements of a good project. They commonly look for the following characteristics:

Doxxed Team. The team mustn't be anonymous. Anonymous groups are more prone to carry out rug pulls (where the founders close the project after launch). Investors have no idea of the identity of the founders. As a result, the groups can quickly abandon the project and scam the investors.

Great Community. There must be a sizable community behind the NFT project. People look at Social Media and Discord profiles to gauge the size of the community. Without a community, there is no one to buy the NFTs.

Good Artwork. Essential to ensure the artwork is high quality and in line with the current trends. For example, there is a great deal of admiration for the artwork by Doodles and Invisible Friends NFT projects.

Utilities. Projects need more than artwork to become a success. The only exception is if the NFTs are from an established artist such as Beeple, Banksy, or another artist with a big following in the traditional art world.

Projects without a well-established artist need to provide utilities in the form of Play To Earn games, events, staking possibilities, and more.

People seeking these factors in projects are better positioned than newbies. But many projects satisfying these conditions still fail to succeed, especially in this current climate where the NFT space is experiencing a bear market.


The Importance Of The Founder

The most critical factor in a project is the founder. Many investors entertain projects because the founder is well known. They could be a celebrity or an industry leader.

Unfortunately, many of these projects flounder in the long term. Shortly after mint, there is a pump in price. But a few months after the launch, the value has become less than the mint price.

The founders are not highly active in the project; they make no effort to immerse themselves in the community.

It leads people to conclude (probably correctly) the founders are not interested in the project. The community loses faith, sells their NFTs, and projects end up in the backwaters of the secondary market.

A successful project is one where the founder engages with the community. They should be active before and after the launch. Making themselves involved in the conversations on Discord and Ask Me Anything (AMA) or Twitter Space shows a genuine interest in the project.

An example of a successful project is VeeFriends by Gary Vee. The founder is always available. He is constantly talking about his projects on Social Media and does not go missing in action.

 

Wrapping Up

The most important consideration for any NFT collection is the founder, motives, and project vision.

Unfortunately, the NFT world has seen many cash grabs. The devs and the founders fail to take much interest following the launch.

The reality is that unless the NFT collection is by a genuine, highly established artist, the project starts after the launch.

The easy part is the stage up to the launch; it's the segment where the founders are raising capital to realize a vision. Making their promises become a reality involves hard work.

To date, in the NFT space, many founders are fond of the idea of raising capital. But dislike the effort to complete the project and make the utilities and the roadmap a reality.

Many experienced investors in the NFT community understand the situation and no longer mint NFTs easily. This is a contrasting situation to 2021, where people readily bought NFTs.

Perhaps this explains the current bear trend in the NFT world; sales volumes are significantly lower than the record-breaking numbers a few months ago.

For the investor, the best approach is to take a great deal of interest in the founder. Presenting evidence of interest by the founder ensures confidence in the community.

The involvement of a famous name does not guarantee long-term success.

 

Mar 31, 2022
Bill
Common NFT Scams: Identified

Common NFT Scams: Identified

Scams exist in many areas of life, defined as fraudulently obtaining money or goods from unsuspecting victims. 

The Internet is hugely beneficial for society and helps improve many people's lives. But it has led to criminals using it to defraud people—from phishing and fake shopping websites to dating scams. 

Cryptocurrencies use the Internet and are not exempt from scams. The anonymous nature of cryptocurrencies has made things easier for fraudsters. 

NFTs are an extension of cryptocurrencies and are an arena with frauds targeting newbies and the uninformed. Since this is a relatively new technology, most people have likely been victims of one form of scam or another.

What are some of the common NFT scams?

Rug Pulls

After a project launch, the founders exit the project with investors' funds. The founders close the assets associated with the project, such as the Discord server and Twitter account, and leave the scene. With the founders no longer involved and little trace of the project, the price of the NFTs decreases until it becomes worthless. The investors possess nothing more than NFT JPG images on the blockchain. 

The NFT space has been rife with these scams throughout 2021. As people become aware, these deceptions are becoming less common.

Anonymous founders carry out rug pulls; people have no idea of the real identity. Given the anonymity and lack of traceability with crypto wallets, it's a straightforward scam to perpetuate.

Cash Grabs 

This is rife in the NFT space. The founders of the project promise various developments for the project. 

After the launch, they fail to implement these promises. Over time, the value of the NFTs decreases, and the investors are left holding the bag. 

Nearly every NFT investor has been a victim of such activities. Such schemes are also known as a slow rug; the founders leave the project slowly. 

These schemes are difficult to classify as a fraud; the founders are in a position to kick their promises into the long grass. And many often come up with all manner of excuses why developments fail to progress. 

Pump And Dump 

This is where an individual or a group of people team up to buy large quantities of the cheapest NFTs in the collection (buying the floor price). 

They drive up the collection price, also known as "sweeping the floor" or "wash trading." After a significant price increase, the NFTs are sold for a profit, and the culprits exit the market. The value of the NFTs decreases, people are left with NFTs worth less than the price paid. 

The project founders are known to engage in such practices to drive up the price of their collection.

Project Impersonation

Fraudsters try to mimic real projects by creating websites and social media profiles with a similar appearance to the actual project. 

They aim to lure unsuspecting victims to a website and mint fake NFTs. The victim connects their wallet to mint an NFT, which turns out to be an empty file. 

Victims are targeted through direct messages or posting links in the comment section of Social Media platforms.

The problem has become rampant: fraudsters routinely hijack the real Discord server of a project, disabling the power of admins and moderators and placing links to direct members to a fake minting website. 

Customer Support Scams

This is a problem commonly seen on Discord and Telegram. Scammers contact through direct messages offering to help people mint NFTs or provide bonus airdrops.

As a customer service representative, the scammer tries to obtain wallet details such as passwords and the seed phrase. Using the information, fraudsters drain the funds from the wallet.

The problem is that NFT projects warn members not to engage in direct message conversations. Official members of staff have ceased contact with members directly through direct messages. 

Experienced people will not fall victim to such scams; newbies are the intended targets. 

Intellectual Property Theft And Fake Collections

There are projects known to take the artwork from talented artists and use it for their collection. Without agreements in place, this is a form of theft.

Projects using artwork from an artist without permission are a theme in the NFT community. 

On discovery, the reputation falls, and the value of the NFTs decline in price; it becomes a loss-making investment.

Some individuals take artwork from upcoming projects, load it to marketplaces such as Open Sea and aim to impersonate the actual project.

Buyers of these NFTs become victims of a scam.

Conclusion

Scams are common because the NFT market is new, with many new people entering the space. It allows fraudsters to exploit inexperience and vulnerabilities.

The best approach for a newbie is spending time in the NFT community, networking with others on platforms such as Discord, and becoming fully aware of the technology before major investment sprees.

Mar 24, 2022
Kate
Yuga Labs & Bored Ape Yacht Club (BAYC) Launch ApeCoin Tokens

Yuga Labs & Bored Ape Yacht Club (BAYC) Launch ApeCoin Tokens

Bored Ape Yacht Club (BAYC) is the most iconic NFT collection; it's set the standard for others to follow. The nearest rival CryptoPunks, based on nothing more than artwork, was taken over by BAYC's creators, Yuga Labs, in March 2022. This acquisition has created the biggest juggernaut in the NFT world; no other project comes close in size.

BAYC 's success depends on its ability to evolve, pivot, and provide value to its holders. While many projects offer artwork and no more, BAYC has significantly contributed to the NFT world. They airdropped NFTs from other projects (such as Bored Ape Mutant Club and Bored Ape Kennel Club) to BAYC NFT owners, provided in-person events, and developed online games for its members. Yuga Labs allows the holders to use the NFT they own to create and sell merchandise.

 What is ApeCoin?

As part of this ability to grow, in March, Yuga Labs collaborated with the collective named ApeCoin DAO to drop ApeCoin ($APE) token.

ApeCoin acts as a digital currency in the same way as many other cryptocurrencies. People will be able to spend ApeCoins on upcoming products and services BAYC will offer, including the Play To Earn game launching in 2022. The hope is that ApeCoin may evolve beyond the BAYC ecosystem in the future.

There is a difference between Apecoin and cryptocurrencies such as Bitcoin, Ethereum, and Solana. Bitcoin, Ethereum, and Solana are native coins derived from their perspective blockchain. Apecoin does not have its blockchain and resides on the Ethereum mainnet; it's considered a token rather than a coin.

ApeCoins are not too dissimilar to Axie Infinity Shards (AXS), the native governance token of the Axie Infinity network. Axie Infinity players can buy, sell and trade using Axie Infinity Shards.


Distribution

A total of 1 billion ApeCoins were available; the allocation was as follows:

15% to the holders of Bored Ape Yacht Club and Bored Ape Mutant Club holders,

15% to Yuga Labs,

14% to the partners that helped launch the tokens,

8% to Yuga Labs founders,

1% to charitable events,

47% to ApeCoin DAO

ApeCoin DAO

ApeCoin DAO is part of the Ape Foundation, the governance behind the token. They have the power to manage the everyday running, project management, and bookkeeping of the token system. Holders of the ApeCoins and the DAO can dictate the ecosystem's future, thus making ApeCoin a decentralized system.

 ApeCoin DAO consists of leaders from the Social Media, gaming, and crypto space. These people include Alexis Ohanian (from Reddit), Amy Wu (from FTX), Dean Steinbeck (from Horizen Labs), Maaria Bajwa (from Sound Ventures), and Yat Siu (from Animoca Brands).

The BAYC project and Yuga Labs are separate entities from the ApeCoin DAO. If BAYC and Yuga Labs were closely connected, the project would come under the scrutiny of The Securities and Exchange Council of the United States. The Securities and Exchange Council is the government organization responsible for regulating Securities and protecting investors. To date, the organization has not focussed on NFT projects.

Launch 

On launch, the price of ApeCoins started at almost $40 per token. During the day, the token fell to around $6 as people who received free tokens sold their share. A few days into the launch, the price of the ApeCoin sits at around $11. The vast market cap size has meant that ApeCoin is in the top 50 of all cryptocurrencies.

The token was available on all major exchanges such as Coinbase, Binance, KuCoin, and FTX. It's unusual for new tokens to be widely known, but the popularity of the BAYC meant exchanges readily accepted ApeCoin onto their platform.

Original holders of BAYC NFTs were given 10,094 tokens for each NFT they held. This translates to nearly $400k at the price height and $60k near the bottom.

ApeCoins show that the Bored Ape Yacht Club project continually provides the holders with utilities. These utilities translate into social and financial gain. Unfortunately, the NFT space is riddled with scams and rug pulls. But Yuga Labs have set the blueprint for what makes a fantastic NFT project, an aspiration for other projects to follow.

No one can predict the price movement of digital currencies; there are no guarantees of price increases. The ecosystem created by Yuga Labs is continually expanding rapidly; it's probably a good bet to suggest ApeCoins are potentially a significant investment.

As always, do your own research before investing.

 

 

 

 

Mar 23, 2022
Dave