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Colizeum ELITE
Colizeum ELITE
Ethereum
5 000 LEGENDARY collectible NFTs backed up with an exclusive player card utility. Exceptional Utility The ELITE holder can function as an individual guild - they can grow their player base by minting secondary Player Card NFTs and receive up to 25% of their earnings. On top - ELITE can produce various assets daily - tokens and NFTs. Unique Digital Collectibles ELITE NFT carries significant artistic merit. The concept of Colizeum ELITE was created by Marcin Rubinkowsk - the concept designer of the Netflix Series - Love Death and Robots, and the music videos of Lil Nas X, and Coldplay. Development of NFTs was led by the winner of numerous awards and recognitions - Gunvaldis Urtans. Each NFT is a unique photorealistic 3D character that incorporates traits and attributes from the 7 Colizeum ELITES: · Generals · Tycoons · Shamans · Rebels · Celebrities · Cyber-Humans · Majesties ELITE NFT mint ELITE NFTs will be FREE TO MINT on colizeum.com The mint will be carried out in 2 phases : · Private Mint - November 24th, 2022 at 12:00 pm UTC · Public Mint - November 24th, 2022 at 15:00 pm UTC. For you to have a chance to get ELITE NFT before others’, Whitelist Spot is necessary - get more info on colizeum.com and socials. About Colizeum Colizeum is a blockchain-based Play-and-Earn gaming ecosystem with multiple games. Colizeum is a technology and economy owned and driven by the community and developers. Colizeum enables every Colizeum NFT holder to: · Earn daily · Make passive income · Receive exclusive rewards and bonuses · Collect and trade in-game NFTs
Smash Marbles
Smash Marbles
Ethereum
Smash Marbles Arena is a P&E Multigames Platform with games for everyone’s taste. Two collections packed with utility for an ecosystem with Inhouse P&E Games, from external Game devs and other NFT Game Projects. Win-Win for everybody involved. The Smash Marbles are Avatars to be used in all our games readily equipped with their weapons. In addition only Smash Marbles come with the participation Ticket to our Bearmarket Tournaments. Entertainment and fun during the Bearmarket: Until the launch of the Platform we hold tournaments for holders. A little extra 👉For our Smash Marble NFT holders we start by hosting the biggest online Rock-Paper-Scissors Championship of all time with a Prize Pool of 100 ETH💰!!! Smash Marbles Arena, lets you compile high scores and rankings on your own player page. A platform with exciting skill based Gaming experiences and most essentially an amazingly profitable reward system. Utilities: 8.800 Smash Marbles NFT Collection: - Ticket for our interactive Championships (Prizepool over 100 ETH) - PfP with 300+ Traits - 1:1 playable in-game Avatar for SMA games - Rent your Hero - Daily Airdrops of ingame token after implementation → With a Smash Marble 500 Arenas NFT Collection: - Grants 1-3 Smash Marbles to claim for free during Public Sale - Host games and earn entrance fees (automatically/passive) - Daily Airdrops of ingame token after implementation - OG Status and right to vote - Customizable to stand out in the P&E Platform VISION We love the strong community building aspect of the NFT space, so we knew we wanted to build more than just a game but enable people to connect. So our Multi Game platform came to mind, this was reinforced by the memory of minigame websites from the early 2000’s that we spent a bunch of time on. You log in, choose either a fighting, racing or other games and just start playing. We will of course develop and put the idea to the limit, but this is basically the first inception. Creating a hub for gamers, game devs and other NFT gaming projects. An ecosystem that everyone that's involved, will benefit from. ROADMAP ⭐ 2022 Quarter 3 ・SMA Whitepaper release — 📄 ・Website Online — 🌐 ・Presale: Arenas — 🚀 Quarter 4 ・WL and Public Sale: Smash Marbles — 🔮 ・Smash Marbles Championships starts! — 🪨 📃 ✂️ ・Champions crowned — 👑 ・Second season — 🔥 ⭐ 2023 Quarter 1 ・Game Preview — 🎥 ・SMA Token Smart Contract — 🤝 ・Token IDO — 🪙 Quarter 2 ・Arena accessible 'Enter the Marbleverse' — 🕹️ ・SMA Closed Beta — ⚔️ Quarter 3 ・SMA 1st game on PC — 🎮 ・Gamemodes added (1v1, 3v3, Battle Royale) — 🚨 ・VIP Tournaments start — 🏆 Quarter 4 ・SMA releases on iOS & Android — 📱 ・2nd & 3rd Games — 🎮
World Cup Qatar 22 NFT Challenge
The most exciting NFT Challenge for the World Cup of Qatar 22 We reimagined the concept of fantasy sports, giving fans the ability to play one-day NFT fantasy sports for real cryptocurrency Prizes. Play against your friends or against everyone, with no season-long commitment. Play daily or season-long fantasy sports and win real money. Our NFT platform is full decentralized and safe to play. 32 Teams 10 NFTs for each country. 32 countries have booked their seats in the tournament, and they will be competing head to head in order to win the most coveted trophy in the sporting world. For the World Cup 2022, there will be a total of 320 unique NFTs on the basis of a limited number of 10 NFTs each for every team which has qualified for the tournament. How to participate in the NFT Challenge: 1 — Select an NFT Ticket Team from one of the 32 available Teams 2 — Buy or earn one of the NFT Ticket Team 3 — Team NFT owners will receive rewards based on Team qualification during the World Cup of Qatar 2022 Challenge Prizes The WINNER(s) receives the total amount in USDN generated from the sale of all the NFTs sold from all the Teams of the Challenge. An additional Prize of 40K SCOneX tokens will be shared with all the NFT Team Winners.
FURRY
FURRY
Ethereum
FREE MINT FURRY is a playable NFT that has special skills helps characters in Play and Earn in Knightiny. - Can collect resources instead of you, which is very helpful in combat when you are busy. - Helps you in the thick of battle by dealing damage and protecting you. - Some skills has synergy with additional Knightiny Lands houses updates. - Yes, you can fly with him! The best choice of play companion in Play and Earn industry! DROP DATE - 20 NOVEMBER 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.
Aptos Bees Club
Aptos Bees Club
Other
🍯How many jars can you fill? | 1111 1-o-1 NFTs | Only 1 Aptos to join the Hive 🍯 The first ever 1111 1-o-1 NFT collection on Aptos, generated by AI and based on the collection created by our artist! That feeling when you fill a jar is one of anticipation and excitement. Sometimes disbelief. Each jar is a chance to win! 📅 Mint-date: 9th of November 🏆 Mint-Price: 1 APTOS 💥 Supply: 1111 1-o-1 NFTs 🫡 Every holder of the genesis collection will get 1 NFT from the second collection for free! 💥 Every NFT has a different role in the Hive, this will influence the Nesting capabilities and your utility! 🎉 What are you waiting for? Try your luck today and see if you can win big! 🚀 Engage to earn APT on our Discord server! 🐝 Grow the hive & earn tokens that you can exchange for whitelist, Aptos, and NFTs.
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.
SandPlates
SandPlates
Ethereum
Sand Plates is a digital ticket to the universe that we are going to build for you. Made in Arabic style, exclusive number plates for cars. You can get one of 333 NFT absolutely free of charge, all the conditions are very simple and described in detail on our website. Those who missed a chance to get NFT for free will have to pay 0.1 ETH but trust us, it's definitely worth it. We are not going to make any loud statements and promises, our policy is "do it, and then let others witness it". The only thing we can let you on is that we have truly big plans, resources, and a huge desire to implement them. You will not receive just a beautiful picture for selling, but some exclusive privileges, such as: - Guaranteed access and allocation in our future projects - Private club for NFT holders and car enthusiasts - Participation in the drawings from our team - Honorary title of a person associated with charity as well as hidden features that we will announce immediately after the NFT mint Note that 3333 unique NFTs are accessible for everyone, but only real sheikhs can become their holders.
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
Smash Marbles Arena
Smash Marbles Arena
Ethereum
Smash Marbles Arena is a P&E Multigames Platform with games for everyone’s taste. Two collections packed with utility for an ecosystem with Inhouse P&E Games, from external Game devs and other NFT Game Projects. Win-Win for everybody involved. The Smash Marbles are Avatars to be used in all our games readily equipped with their weapons. In addition only Smash Marbles come with the participation Ticket to our Bearmarket Tournaments. Entertainment and fun during the Bearmarket: Until the launch of the Platform we hold tournaments for holders. A little extra 👉For our Smash Marble NFT holders we start by hosting the biggest online Rock-Paper-Scissors Championship of all time with a Prize Pool of 100 ETH💰!!! Smash Marbles Arena, lets you compile high scores and rankings on your own player page. A platform with exciting skill based Gaming experiences and most essentially an amazingly profitable reward system. Utilities: 8.800 Smash Marbles NFT Collection: - Ticket for our interactive Championships (Prizepool over 100 ETH) - PfP with 300+ Traits - 1:1 playable in-game Avatar for SMA games - Rent your Hero - Daily Airdrops of ingame token after implementation → With a Smash Marble 500 Arenas NFT Collection: - Grants 1-3 Smash Marbles to claim for free during Public Sale - Host games and earn entrance fees (automatically/passive) - Daily Airdrops of ingame token after implementation - OG Status and right to vote - Customizable to stand out in the P&E Platform VISION We love the strong community building aspect of the NFT space, so we knew we wanted to build more than just a game but enable people to connect. So our Multi Game platform came to mind, this was reinforced by the memory of minigame websites from the early 2000’s that we spent a bunch of time on. You log in, choose either a fighting, racing or other games and just start playing. We will of course develop and put the idea to the limit, but this is basically the first inception. Creating a hub for gamers, game devs and other NFT gaming projects. An ecosystem that everyone that's involved, will benefit from. ROADMAP ⭐ 2022 Quarter 3 ・SMA Whitepaper release — 📄 ・Website Online — 🌐 ・Presale: Arenas — 🚀 Quarter 4 ・WL and Public Sale: Smash Marbles — 🔮 ・Smash Marbles Championships starts! — 🪨 📃 ✂️ ・Champions crowned — 👑 ・Second season — 🔥 ⭐ 2023 Quarter 1 ・Game Preview — 🎥 ・SMA Token Smart Contract — 🤝 ・Token IDO — 🪙 Quarter 2 ・Arena accessible 'Enter the Marbleverse' — 🕹️ ・SMA Closed Beta — ⚔️ Quarter 3 ・SMA 1st game on PC — 🎮 ・Gamemodes added (1v1, 3v3, Battle Royale) — 🚨 ・VIP Tournaments start — 🏆 Quarter 4 ・SMA releases on iOS & Android — 📱 ・2nd & 3rd Games — 🎮
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.
THE SQUARE FACES
THE SQUARE FACES
Ethereum
The Square Faces | 10K ANIMATED NFT | PVP/P2E | Battle Royale | The Square Show | Metaverse Discover the First DEFINITIVE NFT Battle Royale! The Square Faces is a non-fungible token (NFT) collection living on the Ethereum blockchain with a strong metaverse exposition and a unique Play-to-earn (P2E) mechanism, considered as a Definitive NFT Battle Royale. A community-driven NFT generated collection of 10’000 unique animated collectibles pieces living on the Ethereum blockchain. Discover The Square Show, a Cartoon Live TV Show, our P2E Arena! Winners Level-up, Looser get their Metadata frost forever! MINT on thesquarefaces.com Join our community on Discord! Free Giveaways, Whitelists and more... The Square Faces | 10K ANIMATED NFT | PVP | P2E | Battle Royale | The Square Show | Metaverse Pre-Sales Nov 10th, 2022 Discover the First DEFINITIVE NFT Battle Royale!
Oracle Racers
Oracle Racers
Ethereum

Oracle Racers introductory giveaway is here!

Complete the steps and claim your rewards.


Reward Poll : 10 Free Mints
Winners : 10 Random Winners


Oracle Racers Socials
Twitter : https://twitter.com/OracleRacers
Instagram : https://instagram.com/oracle_racers


Winners will be announced on Twitter and Instagram !!  

*Note : NFT packs will have a “rip option” option, which means they will be revealed on the launch only.


Participate Now

Bruh Pills Mint
Bruh Pills Mint
Ethereum
Bruh Pills is not your ordinary collection. If we were doctors and not creators, we'd suggest you get your daily dose. Between our top-notch artwork and stealth business model, we seek to build the best crypto community of 2022 and beyond. It takes a Bruh to know a Bruh, and that is exactly why we plan on providing each Bruh Pills NFT holder DAO ownership. The Bruh Pills community can then work together to vote on the future allocation of our development funds to change the game forever. What exactly is a Bruh Pill? Bruh, come to take a look and see it for yourself ... take a pill The Bruh Pills are NFTs with a mixture of attributes that are great for any/all members to resonate. The ingredients are a combination of hair, hats, eyes, glasses, and mouth traits. ‍ The Bruh Pills are a collection of 3,333 animated NFTs. Each Bruh Pill is a fun, programmable piece of art that combines community and experimental experiences within the Bruh Pills community.
Knightiny Alpha
Knightiny Alpha
Ethereum
Knightiny is Cross-Metaverse Free-Play-and-Earn Battle Royale, where players use their own any playable NFTs from any metaverse. Good to see your desire, the excellent moment is NOW! Our last drop NFTs have the 10% annual improvement of grinding Token, Resources and NFTs in game. NFTs Still available, but demo-alpha comes, and then we will drop the game on gaming platforms, for rise online players, they will swept in seconds all NFTs for playing. Buy Now Because it's actually available! X10 COMBO Choose your role, for gain more ‍FIGHTER Do you want to win the matches and collect resources? Good! Pick your NFT and fight! ‍LANDLORD Do you want to mine and combine plasma from resources? Good! Pick your Land and get! ‍TRADER Do you want to trade NFTs, resources and plasma?Good! Open the DEX account and trade!
Fish, hold and win
Fish, hold and win
Ethereum
The Sharky project come and fish for the golden shark ! This collection is the phase 0 premium collection of The Chest project. The Chest is a future play-to-earn video game with an innovative concept that will be developed from January 1st, 2023. The Sharky collection allows you to earn ethereum by holding gold and silver NFTs. 10 000 sharkys, 1 gold, 10 silver, 9989 common. The presentation The Chest is a club aiming to bring together a maximum of 10 000 VIP members. It is not just a meeting place between different members, it is above all a group with access to many advantages such as : Partnerships with various future projects (WL) with high potential. Sweepstakes, contests and other games allowing you to win Ethereum. Exclusive access to the future Play-to-Earn developed under the same name. An airdrop of the game's cryptocurrency and many other advantages.

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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