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Non Fungible Program | Ean coins with Git Push
Non Fungible Program (NFP) is an NFT project that pays people while they are coding for any open-sourced projects. 
 Every NFP can be linked to one or multiple Github accounts.

 Both the NFP owner and the developer earn coins every time an open-source piece of code is published. Litepaper is available here: https://litepaper.nonfungibleprogram.com __________________ TL;DR - Our NFT allows developers to earn crypto by pushing code on GitHub or by renting it. - We want to push open source to the next level - By creating an NFT that allows Developers and Holders to earn crypto tokens at each contribution on Github - Developers and Non-Developers can earn crypto coins thanks to our utility tokenomic - As early members, this is a huge opportunity Feel free to join us on Discord to not miss any airdrop.
KinkySol
KinkySol
Solana
KinkySol is a NFT collection of 500 pieces generated by cool and artistically attributes in Solana Blockchain. 😈Why don't u look at the project covered by kinks, sexiness and of course a little bit lust. KinkySol is the Solana blockchain project that takes NSFW NFT art. Oficially launches on 20th May.Allowing to users to remember their kinks,desires and lust. The KinkySol project will be minted 2 times. 1st one is for whitelist, 2nd one is for all.At the point of minting, KinkySol is created with lingeries or sexy costumes.Head styles, colors, background, tattoos will be randomized at the time of minting. It makes every piece of Kink unique. Thousand Kinks will be available to mint. Kinks can be purchased with Phantom wallet. About KinkySol KinkySol is the sexiest collection of NFTs for adults. Every costume has their own unique kinks. This collection is created by full of sexiness and lust, together, let’s make kinks great again.
WinnoBearz NFT
WinnoBearz NFT
Polygon
WINNOBEARZ CLUB Long ago, the WinnoBearz Club lived together in harmony. Then everything changed when the evil nation attacked. The bearz wizard named BelzeBearz has casted a malicious spell that separated pixelated WinnoBearz heads from their bodies and scattered them around the globe. The time has come for vigilant heroes to collect the heads and stop the evil fire bearz. The only question is – will you be one of the HolyBearz ? ---------------------------------------------------------------------------------------------------------------------------- HELP SOME WINNOBEARZ WinnoBearz NFT is a collection of 5,555 randomly generated, funny, pixelated made, unique, colorful and creative bearz NFTs living on Polygon Network. Each WinnoBearz NFT is unique and some others are more diffcult to catch. Find the rarest ones among more than 5,555 possible combinations. The total value is defined by the addition of each layer's point.
Catxies World Collection
Catxies World a platform that integrates NFT games, NFT collectibles and decentralized farms hosted on Polygon Blockchain. Catxies is a set of characters with a base model being a very cute and toon like Cat, we build collections using this base and dress it inspired on other games like Axie Infinity, making limited edition collections released on period of times so the value increase over time. We got our own game incoming called Catxies world, it consist in 4 game modes: • Survival Mode • Farming Mode • Adventure Mode • Town Mode You can play here and earn money but we don’t rely on the play-to-earn model that many games use. At Catxie World, we want to build a community that is fun and fair. We believe that play-to-own model provides just that! When you play Catxies World you will earn in-game currency called Cat Coins, these coins will have multiple functions in the game such as upgrades, buying items, and more. You can use the Cat Coins to mint a random NFT! buy a Loot chest and it will contain items of different rarity and traits that will help you in-game, these items can be weapons, tools, armors, talismans and more, all the NFT you get from the loot chests you will be able to sell it on OpenSea. We also have our own Token, Catxie World Coin (CWC) is a governance token; it will give you vote on all the Catxies World decisions, it can’t be earned from the game but it can be acquired through exchanges, ICO and public sales, the income will go to the Liquidity Pool and provide funds for further Catxies development. From the total Supply of 500.000.000, 10.000.000 CWC will be distributed as reward to the owners of the Catxies World Collection with an exchange rate of 1000 CWC to 1 NFT owned, and a limit of 20 NFTs in wallet; this is a Gift to the people who started this journey with us from the beginning and we want to be sure they get a return on their investment.
Starlight NFT
Starlight NFT
Ethereum
Starlight NFT - The world's first 3-in-1 NFT project featuring Room, PFP and Land NFT with game utility! Welcome to Starlight NFT, the world's first fully immersive and interactive NFT project set to launch May 2022. 10,000 rooms onboard the Starlight interplanetary ship will be offered to valiant spacefarers who leave Earth and travel into the void of outer space. Compete against other holders to win NFT skins, and other exclusive digital loot. Starlight, it's never going to get better than this. Earth, far in the future...A scientist has discovered a serum that can prevent aging and cure all diseases. The World Government considered this serum a threat to humanity and decided to hunt down all Eternals, a name given to people who used the serum. Chaos erupted. Soon a deadly battle between the World Government and Eternals formed. The Eternals were outnumbered and soon realized that their only way to survive was to leave Earth. A massive interplanetary ship, called Starlight, was built by the World Government to explore new planets and possible habitats. Prior to the scheduled launch date, 5000 Eternals stormed the space city and made their escape. Join the Eternals and the other passengers of Starlight on their journey of finding a new habitable planet to live. Alien encounters, planetary stop overs and new galaxies will be in store for anyone brave enough to come aboard.
☣️ SLM GΞNΞTICS ☣️
Welcome to ☣️ SLM GΞNΞTICS ☣️ The Bio Chemical genetics LAB that genetically engineers Mutants for the Ethereum Block Chain. Here at the lab we've trialed and tested every element on planet earth to create a variety of successful mutations with extraordinary powers available for purchase for private smart contractors. Each of our mutants can under go FURTHER mutations making them even more UNIQUE and RARE ! A 3333 collection Created by UK NFT strategists and renowned UK design team! The team have hand drawn a variety of high quality attributes with thousands of different combinations to generate the most unique looking mutants on the block chain! PLAY 2 EARN GAME, 50% ROYALTY, LOW GAS ERC721A, MUTATABLE NFT & MUCH MORE
Gentophile
Gentophile
Cardano
Gentophiles V2 are limited edition 10,000 unique algorithmically created stars based on mathematical functions using javascript! 4.5 billion years ago a single drop of color dripped from the brush of a painter and this drop gives 10 million colors to earth, 177 colors of them found out that they belong somewhere beyond the milky way’s border and decided to send a group of 10000 generative arts to look for this colors real home. when these colors went outside of the Milkyway they went to their exact home and now we have 10000 stars in 13 real-world galaxies These pieces were inspired by what happens in the universe. While star dances are intricately and meticulously choreographed, the beautiful colors make fantastic feel from millions of lightyears away and they bring us peace sense of the dark and beauty of colors in space
MaiarPixPeople
MaiarPixPeople
Other
A collection of 6,000 unique NFTs living on the Elrond Blockchain🌱⚡ Cosmopolitans🧔🏿‍👩🏽‍🦰👱🏻‍ may have different backgrounds, ideas, and cultures, but they all want to build a better world with friendship, respect & love for each other ❤️ If you do believe in the love of each other, join forces with the cosmopolitans and help them set up their Cosmo world 🌍. 🎁 41.000$ total giveaway 💰 50% passive income 💖 25% royalties for UNICEF Q2 2022 - Kick off the Cosmopolitan World 🚀 🎁 $5.000 giveaways among Cosmopolitans holders after each drop is sold out 🎁 $41.000 total giveaways after the 9th drop is sold out 🟢 Launch Twitter, Instagram, Discord and website ⚪️ 1st Presale at 0.1 eGLD ⚪️Mint & Sell drop #1 the first 600 Cosmopolitans for 0.3 eGLD ⚪️ $1.000 giveaway among all Cosmopolitans holders 🎁 ⚪️Mint and Sell drop 🛒 #2 for 0.4 EGLD #3 for 0.5 EGLD #4 for 0.6 EGLD #5 for 0.65 EGLD #6 for 0.7 EGLD #7 for 0.75 EGLD #8 for 0.8 EGLD #9 for ? EGLD Q3 2022 - The MaiarPixPeople DAO - LKMEX Distribution ⚡ The benefits of this project will bring you passive income: 💰 50% of the Mint revenue & Royalties will be sent to the DAO wallet to farm LKMEX for the Cosmopolitan holders. ↪ 50% of farmed LKMEX we will be reinvested in more farming, the other 50% will be sent to the holders every month. 💰 25% of the royalties will be donated for the UNICEF association.
Strong Man Stan
Strong Man Stan
Polygon
On Sale From The 14th of May 2022. 
The collection features 10,000 unique characters algorithmically generated using 88 hand-drawn traits. All characters are unique and algorithmically generated using 88 hand-drawn traits. Strong Man Stan is a high-quality unique collection with varying rarity available on The Polygon Blockchain. Launch Initiated 14th May 2022, 10,000 Strong Man Stan NFT's will be ready to be minted from the Polygon blockchain, stay tuned for the white list! 
Instant reveal after mint. Relief Fund 5% of mint revenue will be placed into a fund to support humanitarian aid. Currently supporting refugees from the situation arising from the war in Ukraine. Special Release The release of the rare, super rare and legendary examples from the official Strong Man Stan collection. Downloadable Content Special content will be made available for download on our website to all holders of Strong Man Stan NFT's.Launch Metaverse Strong Man Stan will move into its own space in the NuttyFudgeToffee community in the Metaverse. Upcoming Projects NuttyFudgeToffee's second project "Sky Diving Suzy" will be released.
Join our Twitter @Nutty_Fudge for the white list!
Land Of Witchelves
Land Of Witchelves
Solana
Land Of WitchElves is a one-of-a-kind hand-drawn NFT set in a magical universe with amazing artwork and item rarities. Each NFT will work as a pass in our universe. We want to create an engaged community that will stay at the center of attention in the project. Not only we have a fantastic and unique collection to show off, but our Holders will also have access to: Land builder system where you will be able to customize a plot of land. Mini-games district where you will be able to play and appear on our leaderboard system that will grant you the ability to win airdrops and SOL. A DAO where you will have access to project decisions, unique raffles and rewards and community wallet. Every piece is unique, generated from over TBA possible traits like : Face, Monster, Clothes, Hat, Wand, Background and more
Bet Placer's Club - Presale
Presale with 40% discount and giveaways has started! Join discord now to follow the latest updates: https://discord.com/invite/UWrUvYEFmc The Bet Placer's Club is a unique NFT collection in which members of the community get exclusive utilities: - Genesis sale consist of 10.000 NFT's high quality SVG formats. - Every collector of a 2D NFT artwork gets a free 3D Avatar! - High resolution Metaverse produced with Unreal Engine - Community Clubhouse ready for VR mass adoption. - "Play to Earn" concept The inspiration for the Bet Placer’s character came from the legendary short squeeze of the GameStop stocks (GME). The Bet Placer’s love their risks to be as high as their rewards and are not afraid of the big hedge funds betting against them. The community vouches for each other and with the smallest investments they will be able to shake up the entire world. Are you ready to cause a revolution in the Metaverse? The Bet Placer’s Club is looking for you!
Music in Motion
Music in Motion
Ethereum
Music in Motion is a collection of high quality motion art and therapeutic music, blended in a first of its kind 'multi-sensory relaxation experience'. This is an exclusive listing of 132 NFTs, each one unique and hand-crafted with a combination of original music coupled with beautiful motion art. This limited edition collection represents one of the earliest multi-sensory experiences to be presented as an NFT, and will undoubtedly stand our in terms of quality and rarity in the longer terms. The utility includes full ownership of the high quality art, which is supplied at 12k pixels. The music also comes with owner non-exclusive rights to re-purpose and re-sell. The fully-doxxed owner is a committed and passionate creator of art and music, and this collection is truly hand-crafted and not just another mass produced collection of NFTs. There are lots of reasons to own this original NFT and we hope that you enjoy the art and music fusion, and derive benefits from the therapeutic properties of this multi-sensory experience.
Atama NFTs
Atama NFTs
Solana
WHAT IS ATAMA NFT COLLECTION’S PURPOSE? Atama is a collection of 2888 Atama NFT’s – unique digital cursed heads residing on the Solana Blockchain. Your Atama doubles as a citizenship which grants access to the Norowareta Uchu staking system to earn 10 $NOROI (or more depends on your Atama Rank) per day. Each Atama starts with Yonkyu rank, a ranking system that goes higher as you spend $NOROI to reach a higher rank. (higher rarity = higher yield) STORY BEHIND THE NOROWARETA UCHU In Norowareta Uchu, all living beings emanate an energy called Cursed Energy, which arises from negative emotions that naturally flow throughout the head. Normal creatures cannot control this flow in their heads. as a result, they continuously lose Cursed Energy that gives birth to Atama, a race of spiritual beings whose primary desire is to bring harm to all creatures. These are known as Norowareta Atama "The Cursed Heads". Sentoki are people who control the flow of Cursed Energy in their entire bodies which allows them to limit its release. High-ranking Sentoki and Atama can refine this energy and use it to perform Cursed Techniques, which tend to be unique to the user or their family and Skin Colors. Each Sentoki (also Majutsu-Shi & Akachan if one of the ancestors is an Sentoki) have a rank to assess their skill level ascending from Rank 4 to Special Rank. Each Sentoki (also Majutsu-Shi & Akachan) generally start at Rank 4 upon joining the Noroi no Akademi, but this depends on experience and minting process. Atama and Akachan if one of the ancestors is an Atama are ranked on a similar scale but not exact. The higher-ups can be particular when it comes to ranking Atama. The distinct difference between a rank 1 and a rank 2 Atama is whether or not it is capable of using Norowareta Tekunikku “Cursed Techniques” 呪われたテクニック. Each Sentoki (also Majutsu-Shi & Akachan) are expected to take on missions involving Atama of the same level. A Rank 2 Sentoki (also Majutsu-Shi & Akachan) should be able to defeat a Rank 2 Atama because their skill level is closer to the strength of a Rank 1 Atama. Norowareta Dogu are also categorized from rank 1 to Special based on power and potency. The higher the grade, the greater advantage in battle. All Special Rank Norowareta Dogu are imbued with a Norowareta Tekunikku. STAKING: Your Characters can be staked and earn you $JUMON and $NOROI every day. The higher the rank, the higher the yield per day. We want to call this our Gamified Platform, the start of all of the utilities you will benefit from shortly. ESCROW STAKING: When staked, the NFT will be placed in an escrow account and removed from your wallet. We have taken this approach to remain competitive in the market and for the streamline the revenue-sharing process. - When you un-stake, the NFT will be returned to your wallet. - While your NFT is staked, you can harvest $NOROI/$JUMON at any time. STAKING YIELD: You will be able to yield $NOROI/$JUMON daily but simply holding your Norowareta Uchu NFTs. Alternatively, you can play The Norowareta Uchu Game for chance to earn additional $NOROI/$JUMON! The Staking Yield is summarized as follows: $JUMON & $NOROI YIELD PER DAY: - Yonkyu = 10 $JUMON / $NOROI per day yield - Sankyu = 15 $JUMON / $NOROI per day yield - Nikyu = 20 $JUMON / $NOROI per day yield - Ikkyu = 25 $JUMON / $NOROI per day yield - Tokkyu = 30 $JUMON / $NOROI per day yield Owning additional Norowareta Uchu NFTs allows you to build a Colony. This is important for the Revenue-Sharing aspect of the project and further explained below. STAKING COLONIES (REVENUE-SHARING): The size of your colony (amount of NFTs staked) will determine the Revenue-Sharing profit percentage derived from the Norowareta Uchu-verse. THE NIKYU COLONY (5 TO 14 NOROWARETA UCHU NFTS): A Colony of 5 to 14 Norowareta Uchu NFTs will get 5% of The Norowareta Uchu Marketplace's profits. This will be distributed quarterly to the holder's wallet address. The Norowareta Uchu NFTs must be stak
Sentoki NFTs
Sentoki NFTs
Solana
WHAT IS SENTOKI NFT COLLECTION’S PURPOSE? Sentoki is a collection of 2888 Sentoki NFT’s – unique digital fighters of Curses residing on the Solana Blockchain. Your Sentoki doubles as a citizenship which grants access to the Norowareta Uchu staking system to earn 10 $JUMON (or more depends on your Sentoki Rank) per day. Each Sentoki starts with Yonkyu rank, a ranking system that goes higher as you spend $JUMON to reach a higher rank. (higher rarity = higher yield) STORY BEHIND THE NOROWARETA UCHU In Norowareta Uchu, all living beings emanate an energy called Cursed Energy, which arises from negative emotions that naturally flow throughout the head. Normal creatures cannot control this flow in their heads. as a result, they continuously lose Cursed Energy that gives birth to Atama, a race of spiritual beings whose primary desire is to bring harm to all creatures. These are known as Norowareta Atama "The Cursed Heads". Sentoki are people who control the flow of Cursed Energy in their entire bodies which allows them to limit its release. High-ranking Sentoki and Atama can refine this energy and use it to perform Cursed Techniques, which tend to be unique to the user or their family and Skin Colors. Each Sentoki (also Majutsu-Shi & Akachan if one of the ancestors is an Sentoki) have a rank to assess their skill level ascending from Rank 4 to Special Rank. Each Sentoki (also Majutsu-Shi & Akachan) generally start at Rank 4 upon joining the Noroi no Akademi, but this depends on experience and minting process. Atama and Akachan if one of the ancestors is an Atama are ranked on a similar scale but not exact. The higher-ups can be particular when it comes to ranking Atama. The distinct difference between a rank 1 and a rank 2 Atama is whether or not it is capable of using Norowareta Tekunikku “Cursed Techniques” 呪われたテクニック. Each Sentoki (also Majutsu-Shi & Akachan) are expected to take on missions involving Atama of the same level. A Rank 2 Sentoki (also Majutsu-Shi & Akachan) should be able to defeat a Rank 2 Atama because their skill level is closer to the strength of a Rank 1 Atama. Norowareta Dogu are also categorized from rank 1 to Special based on power and potency. The higher the grade, the greater advantage in battle. All Special Rank Norowareta Dogu are imbued with a Norowareta Tekunikku. STAKING: Your Characters can be staked and earn you $JUMON and $NOROI every day. The higher the rank, the higher the yield per day. We want to call this our Gamified Platform, the start of all of the utilities you will benefit from shortly. ESCROW STAKING: When staked, the NFT will be placed in an escrow account and removed from your wallet. We have taken this approach to remain competitive in the market and for the streamline the revenue-sharing process. - When you un-stake, the NFT will be returned to your wallet. - While your NFT is staked, you can harvest $NOROI/$JUMON at any time. STAKING YIELD: You will be able to yield $NOROI/$JUMON daily but simply holding your Norowareta Uchu NFTs. Alternatively, you can play The Norowareta Uchu Game for chance to earn additional $NOROI/$JUMON! The Staking Yield is summarized as follows: $JUMON & $NOROI YIELD PER DAY: - Yonkyu = 10 $JUMON / $NOROI per day yield - Sankyu = 15 $JUMON / $NOROI per day yield - Nikyu = 20 $JUMON / $NOROI per day yield - Ikkyu = 25 $JUMON / $NOROI per day yield - Tokkyu = 30 $JUMON / $NOROI per day yield Owning additional Norowareta Uchu NFTs allows you to build a Colony. This is important for the Revenue-Sharing aspect of the project and further explained below. STAKING COLONIES (REVENUE-SHARING): The size of your colony (amount of NFTs staked) will determine the Revenue-Sharing profit percentage derived from the Norowareta Uchu-verse. THE NIKYU COLONY (5 TO 14 NOROWARETA UCHU NFTS): A Colony of 5 to 14 Norowareta Uchu NFTs will get 5% of The Norowareta Uchu Marketplace's profits. This will be distributed quarterly to the holder's wallet address. The Norowareta Uchu
MADG PUBLIC MINT + GOBLIN HUNT
Mad Goblins (MADG) is a collection of 4,500 unique NFTs. They are stored as ERC-721 tokens on the Ethereum blockchain. All Goblins are unique, but some are rarer than others. All images are securely and permanently stored in IPFS. Holder Privileges Your Goblin NFT will grant you access to Members Only Benefits and Features. Holders get the right to vote on key decisions. Merch & More Our characters are nice, funny and brandable. That's why we will be launching merch, comics and toys! Play-2-Earn We want to develop our Play-2-Earn game in which the owners of goblins can earn money and bonuses. Community Wallet The community wallet will be funded with 20% of all revenue. Each holder can create investment proposals and vote on how to use the funds. GOBLIN HUNT During this event mint will have a special price of 0.02 ETH. If you are lucky and find a Super Rare Goblin, you win 30% of all mint proceeds made during this event. If there are more winners, the prize will be split equally.

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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