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Games

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.
Bearverse
Bearverse
Other
Bearverse is a mobile F2P multiplayer competitive game with shared time-based economy. 🔗 What is Bearverse? First and foremost, Bearverse is a Free-to-Play multiplayer strategy with a play-to-earn model, created for mobile devices. However, there is another layer: Bearverse is a franchise, the entire ecosystem of games. 🔗 What’s the gameplay of the flagship Bearverse game? It’s a classic team battle game. The core mechanic is to combine the unique attributes of Bears and find synergies that help you to beat the most difficult bosses. The layer needs to build up his winning team with the unique bears and go beat his opponents. 🔗 Bearverse is a web3 blockchain based type of game. Is it difficult for a player, who is used to web2 games? As game developers, we are trying to create a free to play experience for the players. They can meet our characters and dive into the game. And then, if they want, they can look into furthering their experiences, visiting our marketplace and cashing out some money out of the game. This can be done by playing the web3 option that Beraverse offers. 🔗 What is Bearverse’s economic system? The players get tokens from killing monsters, completing quests and special events activities. They can spend these tokens on in-game boosters, in-game mutagens for breeding, on the battle passes, etc. There are a lot of ways to boost the characters, but they are not pay-to-win. It’s a question of balance, and fair balance will bring to life a great game.
Cyber Cluck
Cyber Cluck
Binance Smart Chain
Stake NFT or Tokens. You can earn just by holding $CCLUCK The more $CCLUCK tokens you have, the more reward you get! Cyber Cluck is a cryptocurrency world where users can trade, earn and play. Buy cyber chickens, get eggs and make money on it. Every transaction automatically contributes to liquidity, ensuring our members can always sell their $CCLUCK whenever they please. By holding $CCLUCK in your wallet you will receive your cut of 4% on every transaction. You can buy or sell $CCLUCK token through Pancakeswap. To buy or sell $CCLUCK token, be sure to set the slippage tolerance greater than 11% for your transaction to go through successfully. EGG Token is a token that can be used as: Rewarding Cyber Cluck Staking Pools Users Minting NFTs In-Game Currency The $EGG token is different from $CCLUCK. $EGG, like $CCLUCK, can produce an infinite number of eggs. But $EGG token has a partial burning mechanism when minting nft.
NFT Presale (1st round price is 0.07ETH)
1st round of NFT in presale will be 0.07ETH. A collection of 1,111 unique 3D robots. These robots will use in our staking program. These robots character can further use in play to earn metaverse game. Hold Nft's in your metamask wallet and earn rewards. Nft's are more then just a avator. You can earn money by staking Nfts. The holder's of Nft earns crypto coin. We will launch a crypto coin that named is ROBOT with symbol RBT. We will built RBT coin on polygon (Matic) chain. You just hold a Nft in your wallet and earn rewards with the highest 1000% APY. The more you hold Nft's, more your earn money. The income came from NFT's sale will add in RBT coin liquidity. There is no lockup period for staking. Our system sends you coins on daily basis if you hold a nft. If you put it on sale, you can also earn staking reward. You can sell your Nft at any time. Our RBT coin will soon available on all biggest centralized and decentralized exchanges such as pancakeSwap etc..
Land of Clans's Halloween Weekend
This weekend we will have a special Event - LOC's Halloween Weekend From 8PM UTC 28.10 - Till 8PM UTC 30.10 We invite participants to take part in the attack marathon - from 8PM UTC 28.10 the counter of attacks will start - the winners will be those who make the most attacks The terms of participation: Each LOC player can participate, in order for the attack to be counted - you need to get at least one star in them Exactly at 8PM 30.10 the counter will stop and the top 10 players will receive valuable prizes 1st place - 2000gems + if the player does not have purchased land - we give it as a gift 2nd-3rd place - 1000gems+ 4th-7th place - 500 gems 8th-10th place - 250 gems The total prize pool is over $1,000 Also, check our CREW3 Ambassador Program to get more rewards for patticipating ;)
Karto Cars NFT
Karto Cars NFT
Ethereum
Karto Cars is a play-to-earn game comprised of 2,500 retro-fitted cars. Each NFT minted will make a breath-taking appearance on our tracks. Karto Cars is a new play-to-earn game comprised of 2,500 retro-fitted cars. We bring a convincing alternative to the cookie-cutter PFP NFT projects that have flooded the market. Each NFT minted will make a breath-taking appearance on our tracks. Owning a Karto Car will give holders access to racing tournaments, cash giveaways, exclusive airdrops, and much more to come! Come vibe on our retro wave track. Memorize the maps for a greater edge and enjoy the car-loving company of our community. New maps will periodically be revealed as our community grows. The Karto Cars NFT were created by a team of amazing people, entrepeneurs, computer scientists, marketing maniacs, and amazing artists. We will promise to give y´all our best and do what we possibly can to make Karto Cars a success!
EcoNation Genesis Land 2/5
GET REWARDED FOR YOUR ECOACTIONS IN WEB3. EcoNation is a mobile eco-metaverse mapped to the real world, rewarding EcoActions with Tokens & utility NFTs, owned and governed by the community. Become a landowner and earn from all eco-actions on your land. Genesis country 2 will be Indonesia and has a special real-life utility: For every NFT minted we will create the biggest NFT community organized Cleanup and collect 10kg waste out of the nature in Indonesia with several partners. Download the app, join 30.000 Users worldwide and start earning EcoCredits. Spend them in the marketplace for interesting rewards and track your impact. Track every recycling activity (Recycle2Earn), Cleanup and help to digitize your neighborhood to earn EcoCredits with the App. Join our discord for more information and make an impact.
Green Land Metaverse
Green Land Metaverse
Cardano
Green Land Metaverse - Luxury Land SALE The project's development team is German. Our goal of the project is of course to develop the limiting world - Metaverse. Since the moment Cardano published the smart contracts we knew this is the network that we were going to develop the next GreenLand Metaverse! The reason for this is because we still live on an earth that has existed for thousands of years when there are many factors that pollute it. The world is advancing to green energy, but no less important is to give awareness and donations through the metaverse to the real world to advance the field. Our future of the parallel world is certain, it is important to give the younger generation an awareness of the importance of preserving the planet, this is the main reason we started the project! In our metaverse you will have the opportunity to build a greener world, houses, energy, commerce, rivers by which you will get REWERD in our GreenLand Token . Build your own dream green land with natural energy EARN AND DONATE your GreenLand Tokens - Join GreenLand Metaverse
Sparkle Game
Sparkle Game
Ethereum
Sparkle Game ✨🕹 is a series of innovative Web3 mini-games. Players compete to gain advantage each Season and win ETH or other tokens along the way. 🔑 The Founder's Pass is now minting and is the Key to play all Seasons and Games. This pass locks-in full utility for all 5 Seasons. We are 36% minted out and the price goes from .069 ETH to .1 ETH at 80%. "Season 1: The Hunt for $WOOL October" is now playing, with up to 44 ETH in prizes in October. We are converting 70% of the mint to Wolf Game $WOOL and giving it and other prizes away to players every night in the Discord. There will be final Jackpot of over 14 ETH on Halloween! 🎃 Come join the Discord and see Raffle Bot in action and gain in-game points completing fun challenges in the Discord. Expect the unexpected. ✨ Mint → https://sparkle.game/
Bikini Bottom ReVersed
Dive into the exciting world of Bikini Bottom ReVersed NFTs. Here, where all is not as usual, the well-known comic character Spongi must bring his group together and fight and cooperate the villains of his own from the multiverses. Plankton has reversed the power over Bikini Bottom! It is important to maintain the balance of the atmosphere. Find out why and what the story is all about! Bikini Bottom ReVersed is a new and unique model in the NFT sector. The most unique thing about the project are the designs, the cartoons, and the story behind them. Also unique is that we are one of few NFT projects to immediately announce a larger collection that belongs to the main character group. Our long time Goal is to create a group of NFTs which are part of a creative story of some famous characters which are in a different world and all different looking. Also, we want to create a community of user which are using our token and with the prospect to be part of metaverse. Further, we would like to develop a computer game in the future with this story and characters.
DaoJail
DaoJail
Ethereum
They said old places holds their beauty with age, but sometimes old places tends to hold their mystery with its history. For generations, Dao jail has been the home for fraud criminals all over different countries. Its location has been unknown and classified for years. Dao Jail is an old Maximum Security prison, where most criminals who committed cryptocurrency fraud across many countries are brought. Dao Jail was no ordinary prison for everyone, there were strange occasions where inmates could hear resounding noises and loud bangs in all parts of the building. From time to time, strange phenomenon are starting to happen in the prison. Rumors were starting to spread across the inmates that several officers and a director of the prison was involved in some unnatural and strange activity, and inmates were getting curious and irritated. One night, a massive number of inmates was planning a bloodbath riot in the middle of the prison, word on the street was it is going to take place in the night of October 16.
ALPHAINCHAIN Wolves
ALPHAINCHAIN Wolves
Ethereum
AlphaINCHAIN collection has a total supply of 10.000 NFTs. This supply is distributed in the following Whitelist phases. In each of them there is a limited supply associated with that price. 1. VIP ALPHA Mint - Supply: 1000 | Price: Ξ 0.1 In this VIP phase, users have a 25% chance to mint their Legendary NFT. You will surely be able to buy a NFT. Maximum 10 per wallet. Leftovers go to the public. 2. Private Whitelist Mint - Supply: 1000 | Price: Ξ 0.1 In this phase, users have a 15% chance to mint a legendary NFT. You will surely be able to get your NFT. 3. HEDGE Mint - Supply: 8000 | Price: Ξ 0.1 In this phase, users have a 5% chance to mint a legendary NFT. - Exclusive investment opportunity powered by a 10k NFT Collection living in the Ethereum Blockchain In the same way that an Alpha Wolf looks after its pack, AlphaINCHAIN is different from other projects, being one of the few in the market supported by a solid and validated investment methodology. Thanks to the NFT technology, we can multiply the possibilities of management, control and distribution of the invested funds, making the AlphaINCHAIN project a new way of understanding participative investment. By purchasing a NFT from the collection you become a member of our exclusive community. Depending on the NFT you have, you will have different personalized benefits. Official Links 🔗 Twitter: https://twitter.com/AlphaInChain Telegram: https://t.me/AlphaInChain Discord: https://discord.com/invite/S6wazFexyG ALPHAINCHAIN PROJECT 🕹️ How it works Our Blockchain experts' team has designed a simple, robust and secure UX, which works in an intuitive, automatic, fair and transparent way to diversify the investment. In most utility NFT projects, investors don't have voice and control in funds distribution. AlphaINCHAIN takes care of its pack. That's why we have developed the most cutting-edge technology platform, where the our crypto community is strongly connected. Welcome to our family! Participate in our launch and acquire your NFTs on our AlphaINCHAIN.io platform. If you have arrived late, you can try to get access to our pack through secondary NFT marketplaces like OpenSea. Our investment team will manage the funds through different Staking Pools, DeFi, IDOs, Trading opportunities... Our objective is to diversify the treasury in order to mitigate exposure, compensating riskier investments with safer ones. Read treasury section to know more about this. Depending on the NFT rarity, users will have different privileges. Each wolf has a rarity percentage determined by its traits. This rarities create tiers with higher or lower percentage of the Staking pool. The benefit belongs to the community. This is done by distributing the returns between members, team and treasury. On our platform, holders have access to all the information about their funds. The performance of the pack's movements will be always reported to our community. At any time, as a member of the community, you will have the possibility to sell your NFTs on the OpenSea. Visit our Secondary Market section learn more about this process. 💎 NFTs The strength of the wolf is the pack, and the strength of the pack is the wolf. Mint your NFT in our platform and be one of the first members of the pack. Join our whitelist now and become a member at unique price. We will launch our collection on three different sales explained on the Whitelist & Mint section. Once the collection has been sold, users will have to go to secondary market to get a spot in our pack. For more info on: 🥇 Primary Market 🥈 Secondary Market 🎖️ Tiers 📌 Traits & Rarity 📈 Staking 🎁 Treasury 📖 Thesis & Methodology 🛣️ Roadmap 🎯 Mission 👁️ Vision 🚀 Competitive Advantages 🐺 The Wolves 🧬 Generative Algorithm 💻 Art Tools 💻 NFT Lands & Wolves Marketplaces 🎮 MOBA P2E Gaming Visit our WHITELIST on our web!
Hiruko Whitelist Member Weekly USDT giveaway
Phase 1 The Beginning of the Hiruko NFT Launch Hiruko Holders will be the ones to create our gaming metaverse in which they will compete for dominance, and the Hiruko identity will serve both as a guarantee of the future benefits as well as a symbol of their standing within the community. Phase 2 Hiruko Holder's Daily Battles. Holders of the Hiruko will engage in combat in our daily Free-to-Play & Play-and-Earn games to fight for the privileges bestowed on their respective kin. Significant Merch Exclusive merchandise that goes beyond the artist's design. Leveling Rewards Gaining levels enables you to access better rewards. Phase 3 Monthly Passive Bonus to Hiruko NFTs Holders Hiruko Holders are eligible to receive benefits from our partnered crypto gaming as well as the sharing of profits as the rewards for building Rome of our gaming metaworld. VIPs Events Events that are only available to royale members, both online and in person. From intimate gatherings in few culturally rich countries to massive parties, fashion events to art exhibits, and everything in between. Hiruko NFT holders will be given entry to a private club and be put on a whitelist for our future projects as a thank you for their support. Journey to the Rise of the Hiruko There will be actual real-life exclusive events held in countries around the Hiruko community. The specifics of these invitation-only gatherings will be revised and updated at a later stage. Phase 4 The Arena Online Poker tournament where winners get lucrative prizes. Airdrop Badges Subsequent NFTs and in-game assets with utility benefits. TBA. Tokenomics Tokens release. Hiruko NFT holders will receive our airdropped tokens. Evolution of Hiruko 2.0 3D NFT Avatar Hiruko NFTs are designed in 3D, we promised it will not just be a PFP, it will be your avatar in our Metaverse Crypto GameFi to maximize its utility. Building a exclusive Metaverse Crypto GameFi We are going into a world of the evolution of Hiruko…
Scalene Genesis
Scalene Genesis
Polygon
Scalene Genesis Collection Convertible 3D NFTs, 21 3D Models Supply: 1333 x 21 Chain: Polygon (Matic) Mint: 100 Matic Convert NFT to 5000 3D Token any time after platform launch. 3D Token can be used to create 3D NFT Collections with no upfront cost. Web: https://scalene.app Wp: http://wp.scalene.app Join us in Discord for more info: https://discord.gg/VmC8vA6rRX Scalene Genesis is an innovative NFT collection that aims to onboard our founding community members with the Scalene Platform. (platform design and development updates on Discord) The Scalene platform will allow anyone to create generative NFT collections using 3D models and token deposits (3D) to create collections / dapps of their own to share and fundraise 3D metaverse/game projects, community projects, POAPs, DAOs and more. Getting involved with the Scalene Genesis NFT is your gateway to using this service with no upfront costs and fundraise 85% of your total sale. 5% goes to community weekly airdrops and 10% goes to support Scalene platform. By contrast, Meta / Roblox / Apple charge their creators 30-58%, we find this entirely unacceptable and aim to support the creator economy and community in an engaging and fun way.
BOTS OF COG - Luma Series Drop
// .. BEGIN TRANSMISSION .. // The Robots of COG is a generative project with hand drawn elements by artist and creative, Joel "7thColumn". It features a growing army of 10k unique/special robots that are all created with an unfolding narrative in mind. The "World of COG" has been in development for over a decade and as you collect and interact within the COG community you will learn more about the inhabitants and their surroundings, as well as uncover clues that will lead collectors and fans to participate in a globally interactive alternate reality game (ARG). We want to blur the lines between digital and reality. For more information and news, follow @botsofcog. // .. END TRANSMISSION .. // [REGARDS] This is a limited series of 32 Uniquely Crafted Bots. Each one has a purpose within the COG-verse. Owning a bot from this set will unlock special holder privilege's that are not offered with any other Bots of COG NFTs. Owners/Holders at the time of event will be the recipient of results (Limit of x1 Luma Series Cog Bot Per Wallet/Holder) FOR MORE INFORMATION FOLLOW @botsofcog https://koji.to/botsofcog

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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