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The Shady Class - Public Mint
Web3 Chibis in the Solana network. 3,333 chibified avatars ready to take on the metaverse and save the decentralization movement. "SHADOWS" (OG NFT) This is a collection of NFTs that will act as the "Tamer" in the platform that will be launched. 3,333 will be initially launched for minting. These NFTs can be staked to earn the economy token that can be used in the Marketplace and the platform. "EXPLORATIONS" (STAKING) The first utility that will be released is all about staking. This will also be the method of taming your Kazes. There will be 2 staking options available that will be launched. What economy token you get from staking can be used in the platform and the marketplace in many ways. Basic project flow 1. Mint 2. Stake 3. Wait for Land/Pet NFT Airdrop 4. Build your own base and breed your pets 5. List all earned NFTs from base and breeding in Marketplace “The Shadows will play..” ‍The year is 2030. Not a lot of humans on the planet. Land resources were scarce. Very few plants in the wild. Even fewer wildlife. A very different ‘earth’ than what anyone would have known. More than 20 years has passed since the ‘Crimson Phenomenon’ but to those who were already alive back then, they could still remember it as if it was yesterday.
Tamacorgi
Tamacorgi
Ethereum
Tamacorgi is an NFT collection of 3,888 magical corgis launching on the Ethereum blockchain. We have partnerships established with pet adoption organizations, pet merchandise brands, pet treats, pet photography/artistic studios, and pet-friendly hotels to bring utility to all Tamacorgi holders. Besides real-life utility like brand partnerships and social events, a game is in development where the community can grow their Tamacorgis in the Metaverse everyday -- cleaning, bathing, feeding, and playing with them to earn web3 and IRL rewards. Tamacorgi NFT offers exclusive perks, pets and web3 education for our Tamacorgi community to connect with each other — and their pets. We hope to use the Tamacorgi brand to raise awareness about pet welfare standards and pet adoption education around the world!
MarioVerse
MarioVerse
Polygon
MarioVerse is a collection of NFTs created by the Eivom Company. This collection is made up of 202 handmade unique NFTs. The works represent the character of Mario in all its facets. You can admire "Mario Wolverine", "Mario Harry Potter", "Mario Joker" but not only ... some of them are associated with an accessory that will make the work even more unique. But it doesn't end here! 😎 Two weeks after the launch a runner game 🎮 will be unlocked, this game will be accessible only by those who have purchased at least one NFT. 14 days after the game is released, 20% of the sales will be split between the top 3 in the leaderboard. Good luck and may the best win!!! 🍀 🏆 🥳 Story Three months had already passed since MarioLoki's companions betrayed him. During this period he understood that to realize his plan of world conquest he needed people he could trust blindly….. and who better than another version of himself?! He began to build a machine capable of opening a multidimensional portal to recruit all versions of Mario from other earths and lead his new army to conquer the world. Once the device is finally finished and activated, 3 different Marios exit from the multidimensional gap and are greeted by Mario Loki who begins to expose his plan. During the explanation one of the 3 Marios realizes that he's surrounded by evil people. As he's against Marioloki's purposes, he tries to escape to the portal to get back home. To be continued in phase two!
Cyber Warrior 2077
Cyber Warrior 2077
Ethereum
Cyber Warrior 2077 is the genesis NFT collection with a total supply of 10,000 in Cyber Realm, the first Web3 pixel art UGG platform created, built and governed by its users wherer everyone can monetize in-game items and games. Each Cyber Warrior is made by those who mint it with over 50 traits we provide so the rarity is decided by the community and will be revealed after fully mint. Cyber Warriors have unique appearance in Cyber Realm and can be used as in-game avatar. As the genesis NFT of Cyber Realm, Cyber Warrior 2077 have their unique appearance when they are integrated in the game. Its holders have special roles in our Discord channel, early access to our new applications or games and will be able to claim items from select airdrops or merch in the future. The team reserves none. All 10,000 Cyber Warrior 2077 NFTs will be available for those qualified mint addresses.
Akuka Club
Akuka Club
Ethereum
A collection of 1,999 distinctive characters with imaginative creation style, sutured face and other elements could bring in eeriness to the character. A collection of 1,999 distinctive characters with imaginative creation style, sutured face and other elements could bring in eeriness to the character. A collection of 1,999 distinctive characters with imaginative creation style, sutured face and other elements could bring in eeriness to the character. A collection of 1,999 distinctive characters with imaginative creation style, sutured face and other elements could bring in eeriness to the character. A collection of 1,999 distinctive characters with imaginative creation style, sutured face and other elements could bring in eeriness to the character. A collection of 1,999 distinctive characters with imaginative creation style, sutured face and other elements could bring in eeriness to the character. A collection of 1,999 distinctive characters with imaginative creation style, sutured face and other elements could bring in eeriness to the character. A collection of 1,999 distinctive characters with imaginative creation style, sutured face and other elements could bring in eeriness to the character. A collection of 1,999 distinctive characters with imaginative creation style, sutured face and other elements could bring in eeriness to the character.
TUS NFT - HUB, P2E, novel & more
🖼️ Art ・🫶 Narrative・🪄 NFT Utility ・🎮 P2E Synthesizing unique art with a compelling storyline & NFT HUB. We're building the future of tomorrow, today. TUS NF Mint of Season 1
ONLY 875 NFTs WL Price 0.07 ETH (max 3/wallet) Public mint 0.09 ETH (max 10/wallet) 🎉10 FRE MINT + 150 Whitelist spots🎉 1️⃣ Follow us on Twitter @survivorsnft 2️⃣ Tweet about us and tag @survivorsnft 3️⃣ Complete the form https://forms.gle/4JrRztfKbhk415JdA The Ultimate Survivor is more than just a game, it's a community that helps build & develop within the NFT space. Our primary goal is to deliver a fantastic, compelling, and engaging P2E game based on an apocalyptic storyline. We also have an incubator to grow & develop other projects and give access to whitelists for all of our NFT holders. TUS FORGE
 - the first utility of TUS NFT project 💪 Accelerating projects with TUS support 🚀 Pitch Deck Creator with pro tips 👥 Advisory & experts for your project 🎉 Premint lists with verified collectors & more ✨
Fitness Empire Metaverse P2E
First of all we want to introduce ourselves , Our team is build of a number of people from a several countries who want to do good to the world of the blockchain and Metaverse. Fitness Empire Metaverse CEO is from Austria while the main developer is from Hungary, They met several years ago at a ski resort in Hungary. You could say that's where the idea of ​​Fitness Empire started. It is important to note that we chose to develop on Cardano since one of the development members is a very important figure in Cardano community (which will be published later), and also of course since Cardano is a very convenient network for programming and the fees are low. The goal of the project is to create a world in which not only will you be able to play and earn these but also produce sporting activities while being worthwhile. For the purpose of the example, after the sale of the land sale and in the final stages of development, we will release sneakers to our land holders, every kilometer you will walk / run will provide you $FitnessEmpire token. Fitness Empire will be the central place where not only athletes will earn and learn, It will be also a health center. For example chefs from around the world will be able to do workshops on healthy food and enjoy from earning $FitnessEmpire token. Of course the landowners will also receive benefits by mint and hold they own lands, Every commission in Fitness Empire will be as a monthly income to they own wallets, and there are many more surprises we are preparing for you, stay tuned to our Discord and Twitter.
Dribblie
Dribblie
Ethereum
Dribblie - First Deflationary P2E Game Dribblie is a Play to Earn football manager, where players from different galaxies fight for glory. Earn by staking, owning, or renting NFTs and make income from what you love doing most - playing football. Dribblie is the first deflationary play to earn game. Deflationary NFTs mean that the value of the remaining assets increase overtime. Deflation is achieved by unique burning and staking mechanisms which are core drivers of the game and supply chain. What are the DRIBBLIE earning strategies? Dribblie has used a variety of strategies to help you earn money up to 100$ daily by doing what you love. The strategies to earn are as follows: Win Matches Want to get paid for just playing football? With Dribble you can earn by simply winning or drawing matches daily. Strive for greatness because winners take it all. Win Trophies Football is all about trophies and honors. Win leagues, cups, or private leagues, celebrate with your fans, and earn cash prizes or brand new assets. Keep your assets or sell them to make more profit. Win Quests Can you play 5 games with a team of robots without conceding a goal? Let’s see... Test your skills and tactics with daily quests and win awesome cash prizes. Rent to Earn (Scholarship) Be a wise investor. Own players, loan them out and kick back and enjoy. Your players might play for other teams but it could be worth the steady flow of income. Stake & Breed Be the supply chain of new players. Stake managers into youth academies to generate young skilled players. List them on the marketplace, and get more profit. Train to Earn Become the Ajax FC of Dribblie by creating a unique training approach. Coach young players and increase their value to sell them on the marketplace. NFT Sales NFTs are distributed in sales organized in Q2, 2022. Through pre-sale and private sale phases, the Dribblie team will distribute non-fungible tokens between the first generation of players. Once NFTs are distributed and gameplay is live, players will be able to earn crypto via different strategies. First of all, to obtain prizes, they can compete in PvP battles and challenges. Also, special campaigns will be unveiled to allow users to win matches and trophies. Additional prizes will be offered to participants in quests. The Dribblie team is going to implement balanced and sustainable tokenomics: NFT holders will be able to rent them in order to obtain periodic rewards from borrowers. The price of every character can be boosted by breeding and training associated heroes - not unlike the way it is done in Web2 MMORPGS. As a result of periodic token burn events, all elements of the Dribblie world will be deflationary by design. Dribblie is the brainchild of a heavy-hitting team of engineers, marketers and designers with multi-year expertise in UEFA, Hattrick, TopTal and so on.
Nanocrypto NFT
Nanocrypto NFT
Polygon
The nanos have been living for thousands of years on nanoworld, a small planet located in the universe, they live in harmony with nature. 🔥 Welcome to the NFT project roadmap: nanocrypto NFT 🔥 This collection is one of the big projects of the server for the year 2022 All NFT holders will be part of the nanocrypto FAMILY, but you can have EVEN MORE benefits depending on the rarity of your NFT! PHASE 1: FIND NANOWORLD ➜ 🌎Locate nanoworld in the universe ✅ ➜ 👨‍💻Create Website & Social Media Accounts ✅ ➜ 📈Pre-launch nanocrypto Marketing Campaigns✅ PHASE 2: CAPTURE NANO ➜ 🧸100 nano available to captured (MINT). ➜ 📈Expanded Marketing Campaign ➜ 💎Rarity Chart revealed PHASE 3: 100% NANOCAPTURED ➜ 🌟Influencer Partnership Announcements ➜ 💸Shipping the 1 ETH Cash Prize to 3 lucky Winners ➜ 📈Available on one Secondary Market PHASE 4: FIND OTHER WORLDS ➜ 📈nanocrypto new drop launch ➜ 🚀Thanks to the study of nano, we have determined that other planets colonized by nano's existence. PHASE 5: SECRET ➜ ??? ➜ ??? ➜ ??? ➜ ???
Degenz Game
Degenz Game
Solana
3,333 Degenz & Thought Police fight each other to survive in a dystopian cyberpunk world, ruled by Big Brother. RPG adventure game 100% inside of Discord. Stake to earn $GBT and level up your character to earn higher staking rewards! All in-game actions are executed using /slash-commands. The NFTs will be your character in the game. To play you MUST stake. There will be 90% Degenz, and 10% Thought Police. The Degenz and Thought Police will have very different gameplay experiences. The goal for Degenz is to /hack others to survive, level up your NFT character as quickly as possible to earn the highest staking rewards, while taking on The Thought Police & Big Brother. The goal for The Thought Police is to act as Big Brother's foot soldiers, to /imprison, oppress and censor the Degenz, while extracting as much $GBT as possible from them along the way. The higher the level of your NFT the more $GBT staking rewards you get per day.
PokerGO Genesis NFT Collection Mint
PokerGO, the world’s largest provider of poker content including World Series of Poker, High Stakes Poker, Super High Roller Bowl, and more, has entered Web3. The PokerGO Genesis NFT Collection features 1,326 unique, stylized NFTs representing all of the possible starting hand combinations in Texas Hold’em. NFT holders will be able to sweat their hands while watching the biggest events in the world with chances to win cash, memorabilia, and merchandise when their hand appears in winning moments. The PokerGO Genesis NFT Collection will provide benefits to poker fans and players of all types. In addition to sweating hands in live gameplay, all holders will receive a number of benefits that give direct access to the high roller lifestyle, including: * Free PokerGO Subscription * Private Events and Tournaments * Exclusive Experiences * Meet & Greets * TV Appearances * Meet Up Games * Travel Discounts & Benefits * And much more in the works NFT Stadium IO is a full-service NFT launchpad and marketplace creating innovative experiences and accessible utility for passionate fanbases across sports, esports, and entertainment. LAUNCH SCHEDULE WL Phase 1 12p PT May 31 - 12p PT June 2 Whitelisted only Max 2 per wallet WL Phase 2 12p PT June 2 - 12p PT June 4 Whitelisted only Max 5 per wallet Public Mint June 4 12p PT Open mint Max 10 per wallet Mint Price = .1 ETH
Alkebulan Tribe
Alkebulan Tribe
Ethereum
The Alkebulan Tribe is a comic and gaming NFT project focused on African historical origins, heroes, beasts, gods, kings, and demons, built around 20 unique characters with 6000 pieces and variations created to develop our game and comics. The project looks to tell the collective African stories through their figures, beings, and titles acknowledged through African history and Mythology. Alkebulan tribe is a collective born of the hearts and minds of some of the brightest out of Africa. The goal is to tell and preserve Africa's culture, story, tradition, and folklore to a new generation, in a way that will never be forgotten. The tribe is made up of people who believe in telling these stories, the rich histories and share a passion for technology-driven products that can be leveraged to improve lives and systems that support the development of people and economies.
Bored Spirits
Bored Spirits
Ethereum
Bored Spirits is located in one of the most beautiful capitals from Europe, London ! Every character from Bored Spirits is connected to our NFTElementals.Com concept. We aim as high as a headshot in FPS games. Bored Spirits has created a way to unite all the Web3 Entrepreneurs in one Smart Community with dedication and loyalty supplied. Regardless of your financial position, we welcome everybody to the board. Our intention is to make things happen for the ones being underprivileged, too. Yes, things will take turns in our Brand and any community member, could potentially have his life changed significantly, before they even realize it We are a community brought together by a collection of 2555 Bored Spirits (114 Pure Drawn traits + 3 Rare Bored Spirits, Space, Assasin and Egyptian) to make the most unique Art & Design in OpenSea. We are a talented team of open minded people with boundless energy and great future plans for our Brand. Joining us means you are part of the very First NFT Brand that will create the most exciting Esports Org on Twitch, and many other great utilities available on the website. Presale for the community will be 0.05 ETH  Everybody is welcome in our Dark House!
Ethopia Online Public Sale
Ethopia is a medieval fantasy play-to-earn MMORPG that takes you back in time to discover sites of outstanding beauty and rich history, captivating and cradled by many legends. The world of Ethopia is divided into different kingdoms, regions, and cities. A rich story and exciting adventure wait for those whose interests are more intellectual. Find the lost stone tablets, complete quests, train your skills, craft weapons and armour, fight enemies, discover hidden treasures, join a guild, and collect valuable artifacts. The Ethopia Online NFT Chest sale is coming!! As soon as the countdown timer on the website reaches zero (0), the mint button will appear. Once you click on this, a meta mask pop-up will appear to complete the mint. Pre-sale & Public sale (mint) location: https://ethopia.online/ EO CHEST NFTs Each EO chest represents one (1) digital real-estate house, associated tier / attributes / rarities, and one (1) Ethopian Citizen Passport. For every chest you will receive two (2) NFTs. SALE SUPPLY From the 3333 chests in total, only 3300 chests can be minted during the pre-sale. 33 chests have been removed from the original sales stock and will not be for sale. MINTING DATES & TIMES - The pre-sale is set to take place on May 28, 2022. Starting at 12:00 PM - (CEST) The WL price for one EO chest is 0.05 ETH - The public sale will happen on May 29, 30 & 31, 2022. Starting at 12:30 PM - (CEST) The Public price for one EO chest is 0.06 ETH EXLUSIVE GAME BETA LAUNCH >> June 10, 2022 << JOIN https://discord.gg/ethopia-online Web: https://ethopia.online/ <<<< ---COLLECTION--- HOUSES (ERC721) Houses found in different locations of the cities are all sold as ERC-721 NFTs. Only a set number of houses will be produced for each city and are only purchasable through our sales. Afterwards, houses can only be bought and sold through secondary marketplaces. CITIZEN PASSPORTS (ERC721) The Ethopian citizen passport is your lifetime full access ticket to Ethopia online. Everyone who mints a EO chest during the pre-sale, will receive one (1) Ethopian passport for every chest that is bought. GUILD BUILDINGS (ERC721) As soon as you own 10 houses you can mint a guild building with an associated island for free (gas fee only) Each guild receives one of the small islands that surround the mainland. Guilds will provide a massive benefit for the owner, as well as for the players that joined. --- MORE GAME INFORMATION --- PLAY TO EARN Ethopia stands out from other Play to Earn games with high quality graphics and rich, fun gameplay that allows players to earn direct income from gaming through various ways. Players are finally being compensated for all the time and effort they put into the game. ADVENTURE Players can immerse themselves in different world zones, searching for loot, ancient stone tablets, training skills, complete quests, start or join a guild, participate in multiplayer adventures, fierce player battles with in-game enemies and against other real-time players. TRUE OWNERSHIP In the era of Web 3.0, the advance of blockchain technologies makes it possible for each player to have full ownership of their in-game items. Ethopia uses Ethereum to ensure a secure, and decentralized digital asset ownership that allows players to trade their NFT assets safely. ETHOPIA DAO Ethopia Online will grow into a Decentralized Autonomous Organization (DAO) An integrated on-chain open economy, driven by on-chain decentralized player governance. Holders of our governance token Ethopia ($EPIA) will have a say in the future direction of the game’s development.
Moonface.io
Moonface.io
Ethereum
Experimental-driven project, expect the unexpected. (Free Mint). Mini Moons are gravitating toward new host planets, ready to lock into orbit, connect, and seek out the lost and forgotten. These space anomalies are seemingly crafted rather than created by pure chance and cosmic energy. 5,555 Moons with 4 species and more than 350 unique quirks have been identified so far. Each moon generally only seeks out planets that have no celestial bodies in orbit, but with a small amount of Ether, it has been proven that more than one moon can orbit a planet. One moon orbits for free (free mint) but then the cost adds up for each additional moon. Eg. 2nd mint = 0.005 Eth, 3rd = 0.01 Eth, 4th = 0.015 Eth, and so on. Max 10 moons per wallet, or risk moon collisions and total destruction... Those with a keen eye will claim the rewards.

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Top Tier Athletes And Their Involvement In NFT World

Top Tier Athletes And Their Involvement In NFT World

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

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

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

Investment Options For Sport Stars

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

Investing In NFTs

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

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

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

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

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

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

 

Apr 9, 2022
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