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Sassy the Chick'n Kimono by Crypto Wish
Sassy is a little Chick who has the biggest dream to be a runway fashion model. To make her wish come true (that's what Crypto Wish is for), she starts to wear Japanese kimonos as the first collection, "Sassy the Chick'n Kimono" and she's digging it. 3000 “Sassy the Chick'n Kimono” are mintable NFTs stored in the Ethereum blockchain. All are generated: however, each NFT has a 1/1 Art feel with dedicated details on Kimono patterns and 3D feel by the design. (Real 3D version is planned to be developed on the road) Sassy will wear any other fashion trends for her upcoming collections. Her dreams will take all of us to a great NFT journey and plan to get the proceeds back to NFT Community. Crypto Wish creator is a native born in Asia, lives in USA, and a mother of 3 sons. She and her other 4 family members are the tight team for her all of collections. She herself has been educated to sense balanced spacing via Japanese Calligraphy, composition and colors via Western architectural training and interior coordinating pofession, and her life has been full of art and music enthusiasm. Crypto Wish all collections have a warm & cosy charm came from a down-to-earth woman.
Short Shrooms NFT
Short Shrooms NFT
Solana
Short Shrooms is a collection of 5,000 randomly generated NFTs grooving on the Solana Blockchain. The Short Shroom roadmap includes physical collectibles of your favorite Short Shrooms, high-quality merch you can get for free, and an online casino with a unique PVP wager game. 50% of all casino earnings are distributed to holders each week. Stake your Short Shroom at the casino and start earning! Breed two Short Shrooms and grow a baby, they might be small but they are powerful. Stake your Short Shroom Baby to start earning our community token $STEMS. 60% of Royalties are put into liquidity along with the sales of physical collectibles. Use your $STEMS to buy merch, gamble, or swap for SOL. 20% of the mint will be donated to funding research of the use of Psychedelics in treating Depression, Anxiety, and PTSD. Mobile game, Card game, Metaverse expansion and so much more!
I LIKE IT XYZ
I LIKE IT XYZ
Polygon
A community-driven collectibles project featuring art by ATHITHYA.. consist of 5000 bones in our collection is unique hand drawn traits are unique . It travel in the polygon ecosystem .The guy trying to stand on his own feet so support us by joining the public sale and try mint an single nft and encourage us . this collection is an unique pixel art we are here to create strong public community Minting is on,we are public servant .our aim is to make holders rich .we are planning to create further project and giving it free for our existing holders. We "believe in holders.".lots of NFT's are unique have specific things in them , but we are not we are free,we are ununique, we have nothing in us that our speciality. join the public mint on 30/5 at 12:00 soon the collection will on solana blockchain
Emoji Bosses NFT Drop
Emoji Bosses NFT Drop
Ethereum
A collection of 3 621 Emoji Bosses: Your favorite emoji characters come to life to become Emoji Bosses. The Emoji Bosses are well-known emoticons drawn from thousands of emojis, animated and registered in the Ethereum blockchain Same as Unicode Standard: Emoji Bosses semantically correspond to the Unicode (Emoji) Standard. This means that the collection contains all the same emojis as in your smartphone, laptop or other device. In addition, when the standard is expanded, the collection of Emoji Bosses will also expand. The current version equal Unicode Standard 14 Find what you want: Emoji Bosses are divided into 10 groups, each of which is divided into subgroups. Each Emoji Boss has its own set of tags, and some are separated by skin tones Choose your favorite emoji: All existing emojis are available in the collection. Choose your favorite among them
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.
Dragoverse NFT Pre-Mint!
Dragoverse (DRGV) is a Collection of 10.000 Animated NFTs (The Metagons!). They are stored as ERC-721 tokens on the Ethereum blockchain. All images are securely and permanently stored in IPFS. Each Metagon is unique. There are no duplicate items in the collection. 🧨FREE WHITELIST ENTRY NOW ON DISCORD!🧨 【🔥】Became a Trainer, take part in a fantastic Adventure with us! 【🫂】Make new friends, meet other trainers and NFT enthusiasts. 【🎖️】Discover all members benefits, obtain prizes with Giveaways and Community Events. 【🌎】Discover our amazing long-term Roadmap. 【🚀 】Enter a fabolous universe of multi-platform games. 【💰】Share your Dragoverse NFTs, make offers or trade them. 🌍OUR ROADMAP!🌎 10% ➞ First Nfts Giveaway 25% ➞ Second Nfts Giveaway and Promotion Campaign 40% ➞ Development of the first game begins! 50% ➞ Introduction of DRGV Token 75% ➞ Introduction of staking 100% ➞ Breeding, Evolutions and More!
The Trashers
The Trashers
Ethereum
The Trashers are an NFT collection of 10k mutant blobs of radioactive waste infesting the Ethereum blockchain. With hundreds of attributes and features, they're ready to leak into every alley of the Metaverse. While researching the possibilities of using residues to create artificial life, an electric failure at the secret lab accidentally opened the barrels containing the experiment. The specimens broke free in a radioactive waste leak, going straight into the Ethereum blockchain and producing 10k mutant blobs of trash ready to infest your wallet. With over 250 different attributes and several levels of rarity, the Trashers have escaped the reach of the recycling plant and are now ingrained in every alley of the Metaverse. We’re dealing with very high levels of toxicity, so we will be sure to procede with extreme caution and pay close attention to the wishes of our community. JOIN NOW FOR FREE MINT!
DemonicSkulls
DemonicSkulls
Ethereum
The DemonicSkulls is a V2 Collection of the OG CryptoSkulls on the Ethereum blockchain. Each Demonic Skull character is unique and has been summoned by the Dark Alchemist himself using the powers of the OG CryptoSkulls. Levels of DemonicSkulls NFTs will have different utilities in the CryptoSkulls game and CryptoSkulls DAO. Minting of the Level 0 Demonic Skulls will take place on 23rd May 2022! Level 0 Demonic Skulls will share the looks & traits of Level 2 Demonic Skulls but the in-game characters' utility & stats will be set to be different. The collection is generated from over 300 Unique traits created in a fun cartoonish art style. The collection is an official continuation of the OG CryptoSkull's historical NFT story and shares the utility of the OG NFTs. Each Demonic Skulls allows to enter the unique NFT community, access the DAO, and take part in the future CryptoSkulls game.
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.
PAGESAS RANDOM
PAGESAS RANDOM
Ethereum
2,000 unique and randomly graffiti-style generated digital collectibles living on Ethereum blockchain, created by the Ibiza-based street artist Zsar San and Ibiza Token to pay tribute to the Ibizan peasant woman, an iconic character representing the more authentic image of the island, the one connected to the traditions and rural world.
Minting a Pagesa guarantees owners to use one of the most emblematic graffiti artworks covering Ibiza's streets as an NFT membership card to enjoy island-wide perks, discounts, and promotions across Ibiza’s tourism establishments and retails. Pagesas Random is made up of different backgrounds, accessories, colors, and textures that will be randomly chosen by an algorithm. Pagesas can also be used as a membership booster by Podenks collection owners, gaining additional benefits. See you in Ibiza!
Apex Punks - Public Sale / P2E game
Apex Punks Game is a beautiful NFT art collection on AVAX. The P2E onchain game can be played by staking your Apex Punk NFTs to earn $PUNKZ tokens and additional NFTs. When you stake you earn power ups to boost your punk's abilities and teams are formed based on your punk's Species! The full Game mechanics can be checked on https://apexpunks.com/#/whitepaper The $PUNKZ tokens can be used to buy more Apex Punks and Baby Aliens on the following 3 generations. Will also be used in other drops we will make and will be able to be traded on decentralized exchange after we will create the liquidity pool. We are evolving into a powerful community and create amazing stuff together. You, the collectors of the Apex Punks art, will be offered an incredible opportunity to grow, build and expand the Multiverse!
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.

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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