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Meme

9Bean
9Bean
Ethereum
9Bean is a Free to Mint helper NFT character for the 9Cat Saga P2E Game. Formed by a spiritual connection with 9Cat himself in the Sakura Mountains,9Bean will play into the story of the second world of the 9Cat Saga game. 9Bean will follow 9Cat on his missions into the wild earning XP as you complete in-game quests. It will help you defend against enemies, with special skills and buffs being unlocked as you level up your 9Bean. Your 9Bean will initially be in an infancy state and will grow to reveal its complete form as you play through the game. How to Mint? The Free Mint is open to all users who sign up for a 9Cat Saga account and complete at least one mission into the wild. You can find all details regarding 9Bean in our introductory Medium article here → https://medium.com/@9metaverse/introducing-9bean-the-free-to-mint-9cat-companion-6b36a3582b6d Mint Date Minting will start on September 30th for Whitelisted users. Exact mint time will be shared closer to mint date via our community discord: https://discord.gg/9Cat The 9Cat Saga The 9Cat Saga is a Play and Earn 2.5D Sci-Fi Shooter/Adventure game that utilizes both the Ethereum and Polygon Networks. You will play as the lovable hero 9Cat as he scours the 9Metaverse for a cure to the Mysterious Spiritual Virus spreading from planet to planet. Shoot to survive, Finish quests, Collect items, Craft Gear and much more! Currently available for Mac & PC. For more information on the 9Cat Saga P2E game, check out our project page: https://9cat.io/
The Dons Solana
The Dons Solana
Solana
🆕️ The Dons Solana A collection of 3,500 Mafia Bosses coming to take over Solana. Blood makes you related. Loyalty makes you family. [ ROADMAP ] Our roadmap shows what we are currently working on and ready to share. We have a lot of exciting things in store that are not ready for announcement just yet and we are always looking to add new value. * Secure Grant To Kickstart Development Before Mint * Build Community And Expand The Team * Solana Money Boys x Dons Cross-Chain Analytics Tools * Further Development Of The Dons Tools * Launch Of Launchmynft Marketplace * Merchandise Warehouse * ? 🚨The Dons Solana🚨 Price : 0.15 SOL Supply : 3,500 Mint Of Launchmynft And Marketplace Magic Eden, Opensea, Solanaart And Others. A family of 3,500 Dons on the Solana Blockchain.
Solana Meme Club
Solana Meme Club
Solana
Solana Meme Club is an awesome NFT collection with such utilities like PFP, useful tools and alpha information for holders, weekly SOL giveaways, regular top Solana NFT raffles. More utilities are coming after the mint! SOLANA MEME CLUB ROADMAP (+) = Done (-) = Not started yet (...) = In progress PHASE 1 (+) Generate SMC NFT collection (+) Twitter Launch (+) Discord Launch (...) Marketing and community build (...) Collabs and Partnerships PHASE 2 (-) Mint (-) Listing on ME and all most popular marketplaces (-) Add holder verification PHASE 3 (-) Alpha and tool channels for holders (-) Smart money trackers (-) Establish weekly SOL giveaways for holders (-) Launch of $SMC token (-) Airdrop of $SMC token for all holders (-) Staking functionality for $SMC token (-) Raffle top Solana NFTs for $SMC token holders (-) Establish partnerships with useful projects and provide access to their tools for all SMC NFT holders (-) Merch store PHASE 4 (-) MVP of "Pay for Action" platform (-) further plan to be revealed...
Doge Skulls
Doge Skulls
Ethereum
Doge Skulls is a collection of 8,888 NFTs. Each holder may receive exclusive access to experiences, rewards and more. Roadmap: - Phase 1: First Collection (8,888 NFTs Doge Skulls will be ready to minted, stay tuned for the free mint & white list notification) - Phase 2: Other Collections (Launch of other NFT collections, where Doge Skulls holders can receive many benefits) - Phase 3: Merch (Limited release of DogeSkulls collection apparel for holders of the DogeSkulls collection and new NFT collections) - Phase 4: Animal Charity (Up to 20% of profits will be donated to charities that protect and care for abandoned or needy animals) - Phase 5: Metaverse (Metaverse development, which can be within Arcade Land, NFT Worlds, The Otherside or others) - Phase 6: DogeCash Coin (The purpose of the coin will be to benefit holders and enable transactions in the DogeCash ecosystem) Free Mint & WL: https://www.premint.xyz/dogeskulls/
I Like It XYZ
I Like It XYZ
Polygon
I LIKE IT is a pixel art , handmade BONE GUYS designs by ATHITHYA .I LIKE IT NFT, the official I LIKE IT XYZ NFT collection, is a collection of 5000 handmade pixel bone Art. we has made each I LIKE IT GUYS in the collection by hand from over 500 traits.The BONE GUYS, known as I LIKE IT, is one of Our dream project in 2022. The goal of the I LIKE IT NFT project is to present and solid I LIKE IT Community , and to fund future artistic endeavours. The I LIKE IT NFT funds are donated to the charity and our club to create Our Sub collection called " I LIKE ETH, I LIKE SOL " I LIKE IT is a pixel art , handmade BONE GUYS designs by ATHITHYA .I LIKE IT NFT, the official I LIKE IT XYZ NFT collection, is a collection of 5000 handmade pixel bone Art. we has made each I LIKE IT GUYS in the collection by hand from over 500 traits.The BONE GUYS, known as I LIKE IT, is one of Our dream project in 2022. The goal of the I LIKE IT NFT project is to present and solid I LIKE IT Community , and to fund future artistic endeavors. The I LIKE IT NFT funds are donated to the charity and our club to create Our Sub collection called " I LIKE ETH, I LIKE SOL " .We believe in you ,and trust us.
TheOrcs.WTF (FREE MINT)
⁵⁰⁰⁰ ᴼᴿᶜˢ ᴼᴺ ᵀᴴᴱ ᴱᵀᴴ ᴮᴸᴼᶜᴷᶜᴴᴬᴵᴺ, ᴺᴼ ᴬᶜᵀᴵⱽᴱ ᴰᴵˢᶜᴼᴿᴰ "ʸᴱᵀ" ᴺᴼ ᴿᴼᴬᴰᴹᴬᴾ "ᴹᴬʸᴮᴱ" ᴶᵁˢᵀ ᴮᵁᴸᴰᴵᴺᴳ ᵀᴴᴱ ᴼᴿᶜˢ ᶜᴼᴹᴹᵁᴺᴵᵀʸ (ᶠᴿᴱᴱ ᴹᴵᴺᵀ) ⁵⁰⁰⁰ ᴼᴿᶜˢ ᴼᴺ ᵀᴴᴱ ᴱᵀᴴ ᴮᴸᴼᶜᴷᶜᴴᴬᴵᴺ, ᴺᴼ ᴬᶜᵀᴵⱽᴱ ᴰᴵˢᶜᴼᴿᴰ "ʸᴱᵀ" ᴺᴼ ᴿᴼᴬᴰᴹᴬᴾ "ᴹᴬʸᴮᴱ" ᴶᵁˢᵀ ᴮᵁᴸᴰᴵᴺᴳ ᵀᴴᴱ ᴼᴿᶜˢ ᶜᴼᴹᴹᵁᴺᴵᵀʸ (ᶠᴿᴱᴱ ᴹᴵᴺᵀ) ⁵⁰⁰⁰ ᴼᴿᶜˢ ᴼᴺ ᵀᴴᴱ ᴱᵀᴴ ᴮᴸᴼᶜᴷᶜᴴᴬᴵᴺ, ᴺᴼ ᴬᶜᵀᴵⱽᴱ ᴰᴵˢᶜᴼᴿᴰ "ʸᴱᵀ" ᴺᴼ ᴿᴼᴬᴰᴹᴬᴾ "ᴹᴬʸᴮᴱ" ᴶᵁˢᵀ ᴮᵁᴸᴰᴵᴺᴳ ᵀᴴᴱ ᴼᴿᶜˢ ᶜᴼᴹᴹᵁᴺᴵᵀʸ (ᶠᴿᴱᴱ ᴹᴵᴺᵀ) ⁵⁰⁰⁰ ᴼᴿᶜˢ ᴼᴺ ᵀᴴᴱ ᴱᵀᴴ ᴮᴸᴼᶜᴷᶜᴴᴬᴵᴺ, ᴺᴼ ᴬᶜᵀᴵⱽᴱ ᴰᴵˢᶜᴼᴿᴰ "ʸᴱᵀ" ᴺᴼ ᴿᴼᴬᴰᴹᴬᴾ "ᴹᴬʸᴮᴱ" ᴶᵁˢᵀ ᴮᵁᴸᴰᴵᴺᴳ ᵀᴴᴱ ᴼᴿᶜˢ ᶜᴼᴹᴹᵁᴺᴵᵀʸ (ᶠᴿᴱᴱ ᴹᴵᴺᵀ) ⁵⁰⁰⁰ ᴼᴿᶜˢ ᴼᴺ ᵀᴴᴱ ᴱᵀᴴ ᴮᴸᴼᶜᴷᶜᴴᴬᴵᴺ, ᴺᴼ ᴬᶜᵀᴵⱽᴱ ᴰᴵˢᶜᴼᴿᴰ "ʸᴱᵀ" ᴺᴼ ᴿᴼᴬᴰᴹᴬᴾ "ᴹᴬʸᴮᴱ" ᴶᵁˢᵀ ᴮᵁᴸᴰᴵᴺᴳ ᵀᴴᴱ ᴼᴿᶜˢ ᶜᴼᴹᴹᵁᴺᴵᵀʸ (ᶠᴿᴱᴱ ᴹᴵᴺᵀ) ⁵⁰⁰⁰ ᴼᴿᶜˢ ᴼᴺ ᵀᴴᴱ ᴱᵀᴴ ᴮᴸᴼᶜᴷᶜᴴᴬᴵᴺ, ᴺᴼ ᴬᶜᵀᴵⱽᴱ ᴰᴵˢᶜᴼᴿᴰ "ʸᴱᵀ" ᴺᴼ ᴿᴼᴬᴰᴹᴬᴾ "ᴹᴬʸᴮᴱ" ᴶᵁˢᵀ ᴮᵁᴸᴰᴵᴺᴳ ᵀᴴᴱ ᴼᴿᶜˢ ᶜᴼᴹᴹᵁᴺᴵᵀʸ (ᶠᴿᴱᴱ ᴹᴵᴺᵀ) ⁵⁰⁰⁰ ᴼᴿᶜˢ ᴼᴺ ᵀᴴᴱ ᴱᵀᴴ ᴮᴸᴼᶜᴷᶜᴴᴬᴵᴺ, ᴺᴼ ᴬᶜᵀᴵⱽᴱ ᴰᴵˢᶜᴼᴿᴰ "ʸᴱᵀ" ᴺᴼ ᴿᴼᴬᴰᴹᴬᴾ "ᴹᴬʸᴮᴱ" ᴶᵁˢᵀ ᴮᵁᴸᴰᴵᴺᴳ ᵀᴴᴱ ᴼᴿᶜˢ ᶜᴼᴹᴹᵁᴺᴵᵀʸ (ᶠᴿᴱᴱ ᴹᴵᴺᵀ)
Ape Souls
Ape Souls
Solana
The Ape Souls is a collection of 7,345 (1/1) hand-drawn NFTs painted with acrylic on Canvas. Our Souls exist on the Solana blockchain, designed with 100+ Artistic Traits. Ape Souls is A community-driven project made under the label of CiCKartworks, featuring artworks by CiCK (The artist behind PicaLions, DISOBEYPUNKS, Fake Banksy Punks, Punkedups, and ElonMonst). We have deployed all of our previous collections on Polygon and Ethereum; Ape Souls is our entering the Solana world, so what concept works better than the SOUL itself when you’re on SOuLANA:) Artist Bio/Road Map: CiCK is a crypto-artist who makes conceptual artworks on NFTs Hi there:) I’m CiCK, A crypto-artist working only on NFTs and the lead artist/dev behind this project. I have the vision to build one of the first “Artist Oriented” NFT projects, so all of my collections are pointed to one singular strong project/community. My goal is to see my artworks in big Art auctions like Christie’s and Sotheby’s in five years, so if you own anything from my paintings will be worth as much as my other artworks, like all famous artists in art history. I’ve quit my previous job as a Film-maker and devoted my full time working on this project; I even built my team from my investors, and everything is Decentralized to the bone in my project. My lovely team is now more than ten people working 24/7 for the project and getting their income from my NFTs (you can join our team too if you’re interested, every help is appreciated). But you should know that the thing we’re working on is not a sprint! It’s a bloody challenging marathon, and the future is not predictable! So I don’t want to manipulate you by giving fake promises that my goals will happen 100%, but I’m doing my best to reach that goal. As my community has known me so far, I’m not a give-up type of person, I’m putting blood into this project, and I believe good work always leads to success.
Rage comics memes NFT Collection
Rage Comics are much more like comic cartoon faces, they are a special type of meme, a combination of drawings usually characters and props which are accompanied by a text in the description of each rage comic meme character, either representing what a character is saying or describing what is going on in the picture. As part of Rage Comics fandom and the Memes community, We believes that Rage Comics are the original memes OG , the absolute funniest on the Internet and according to us, they should always be available online. To build a decentralized community that monetize decentralized memes, we developed Rage Comics NFT as a iconic Rage Comics decentralized meme NFT collection stored on Polygon Matic decentralized network to trade for fun, Roge Comics NFT Collection available on https://opensea.io/collection/ragecomics By holding Rage Comics NFT, a stake feature will be enabled to hold $RGC token that deployed on Binance Smart Chain as BEP20 token and launched on ASTROSPACES decentralized launchpad, and with that $RGC holders will be rewarded with the decentralized $SPACE tokens as launchpad part and by there, we maintain developing a decentralized community as Decentralized Autonomous Organization (DAO) More tokenomics details available on astrospaces.io/symbol/RGC/0x85Dfd0d267E364B87d58d5B1b91d3D5b8dceE15D In effort to maintain decentralization, once organization launched by community , we launch a Decentralized Autonomous Organization (DaO) where we decide future events by decentralized community, which involve sharing feedback, proposals and voting on polls.
The First Movers Club
The First Movers Club
Polygon
The First Movers are friends, OGs, early crypto adopters and veterans of the crypto space. Together they fought against SCAM and FOMO to survive Mt. Gox and #cryptoWinter. First Movers know what a hard fork feels like. This NFT Collection is inspired by crypto and memes. Each of the 1,111 NFTs exists as a randomly generated ERC-721 token on the Polygon blockchain. With 320+ colorful traits across 16 categories every First Mover is individual and unique. The collection focuses on crypto-related wording, famous memes and many colors. Every First Mover has its own unique name. The name is randomly generated and stored securely in the NFT metadata as an additional attribute. The First Movers introduced terms like “to the m00n” or “when lambo”. They know how to invest wisely. Because of this, some First Movers have special items. Once a First Mover, always a #firstmover!
The Lady Finger
The Lady Finger
Ethereum
1,000 NFTs - FREE MINT 7,000 NFTs - 0.004 Ξ 2,000 NFTs - Held by team for airdrops Ever wanted to send someone love expressed through the graceful art of flipping them off? Now you can! Flip people off through a collection of 10,000 beautifully crafted middle fingers called “The Lady Finger”. We are creating a large-scale, beautifully curated NFT space to flip people off in style. Join the TLF Army and show people some love. We are the first NFT community that was created to help you flip people off on the blockchain. This is a fun community and would love for you guys to join Utility for Holders: This NFT is Not only for Fun! We will buy Sandbox & Decantraland Parcels for our community and give them premium access Community Parties & Challenges will be arranged for holders Merch Drops - Holders Get up to 50% off the price Next NFT White List for holders! 5x Lucky Holders will win gifts every month for a year! It could be anything. We would send gifts from Pakistan for you (Could be fruits, merch, toys, posters, tokens etc.) We look forward to having you join this fun community and help flip people off on the blockchain!
Otters n' Frens: Evolution
Otters n' Frens is a gaming NFT, invading the metaverse and the F2P game industry. All Mutant Otters will be fully playable in the Metaverse. Additionally, Otter holders will receive passive F2P game revenue returns through our staking platform and revenue shares through our royalty distribution mechanic. Gen. 2 Mutant Otters will mark the beginning of our journey into the metaverse. This collection will have a very small supply of fully-rigged 3d Mutant Otters playable in AiternateNFT's Spaceship Metaverse. 3d Mutants will be obtainable through burning 2 Gen. 1 Otters + a small mint fee. Gen. 2 Mutants will reduce Gen. 1 Otter supply by 20-40%. All holders possess partial ownership of the revenue generated from our free-to-play mobile game, paid out through our staking platform.
Nightcatz
Nightcatz
Ethereum
3,333 Nightcatz. Feed your NightCat and get rewards. Staking for holders.
Diwa Colombia
Diwa Colombia
Ethereum
First of all : you buy an artwork NFT from us, you have a rare NFT in your wallet and a unique painting in your living room, delivered next day. Each painting come with authentication documents . Diwa Colombia is a community that includes a big palette of topics from art and history to cinema and memes. Besides subjective goals, as we mentioned above, using blockchain technology , we are involved in developing a Social Gaming platform "Colombia Games" that will include games like chess , poker, pool where our members can spend their afternoon in a chill , constructive atmosphere and have a good time socializing with others. We are working to build a nice place for a mature audience, if your think this is a place for you , and you can offer value to our community , take a step and get in . For more details we wait you on our Discord.
Saudi Birds
Saudi Birds
Ethereum
5,555 Saudi Birds are MAX BIDDING. Every Saudi has its own bird. Pre-Sale: SOLDOUT Public Sale: July 30 at 21:00 UTC
Apeshibanati
Apeshibanati
Ethereum
APESHIBANATI is a collection of 10,000 Apeshib NFTs—unique digital collectibles living on the Ethereum blockchain. Your Apeshib doubles as your APESHIBANATI membership card, and grants access to members-only investment opportunity, the first of which is access to Apeshib Swap, a DEX. Our goal is to build a complete ecosystem around the metaverse and Defi with a playful heart. We will be using the community fund to buy properties in the Sandbox and Decentraland to offer a ground of exchange for owners to mingle and profit from the metaverse. Future areas and perks can be unlocked by the community through roadmap activation. We are a member-centric community and we would seek ways to be more inclusive for new joiners to participate in the Apeshibanati. We hope to help Bonana expand popularity and expand the Apeshibanati into a bigger community.

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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