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Metaverse

Homaland Club
Homaland Club
Ethereum
We unite hamsters from all over the world to fight back the impudent whales! We will equip our hamsters with everything they need: cryptospell and nuts. NFT: 7777 uniquely generated hamsters with over 200+ unique traits! HOLD: Minting these sweet critters makes you a digital pet owner. After all, every holder of Homaland NFT receives various perks and benefits. Community: The most valuable part of HOMALAND, whose goal is to support, develop each other and create a DAO where the voice of each hamster matters. Token: As we create our own ecosystem around the metaverse, we plan to issue a token earned by all of the holders of Homaland NFT. It will be integrated as a currency to buy additional goods such as physical items or in-game currency. Owning a hamster will bring in some NUTS in the future. Owners will also have the right to vote in Homaland and will be able to claim unique items as the metaverse evolves.
☣️ 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
Forest Industry
Forest Industry
Solana
Forest Industry is a collection of 555 animated cards on the Solana blockchain. All cards will be transferred to the upcoming game to bring it's own daily income and show their secrets! PHASE ONE📌 •Creation of a collection of 333 pieces on the Solana Blockchain.✅ •Secondary market Approval (Magic Eden, Solsea).✅ •Launch Website.✅ •Mint✅ •Maintaining the price on the secondary market and holding promotions for the distribution of Sol from the percentage of Royalties in our official Twitter.✅ •Starting an NFT game development.✅ PHASE TWO📌 •Distribute the time period for the following collections to maintain balance and price.✅ •Creating a Whitelist and privileges for it. •Creating 2 waves at 555 NFT. •Mint •Release of 5 collections for a total of 3333 NFTs •Creation of p2e game where purchased NFTs will be used. •Creation of the Onyx token as a game currency. •Game launch.
KOZUKI
KOZUKI
Ethereum
1) Enter OTT market and animation 2) Airdrop of governance coins through NFT snapshots 3) Fashion wearables and goods 4) P2E metaverse - Our goal is to provide long-term value to all holders of KOZUKI NFT. To this end, we plan to present several directions after release. We will proceed with aggressive marketing for KOZUKI NFT with our profits. We will implement it as a pre-sale discount for whitelist members only. Membership access. There are 4,444 KOZUKI NFT collections of fashion design wearables, NFT snapshots and airdrops of governance coins to be issued, NFT burns, and more. We will build our own ecosystem around the metaverse. The self-governing coin that will be airdropped as a snapshot of KOZUKI NFT will be used as the in-game currency in the future. With the idea of combining animation and metaverse in mind, I have an opinion on turning models of characters who play a major role in the story into goods. (Roadmap) 1) OTT market entry and animation We will bring our project into the OTT market as an animation. Animation can be a mid- to long-term project. When changes are made to the animation, all characters included in the changes are updated and their metadata is included there. 2) Airdrop of governance coins through NFT snapshots We plan to airdrop our governance coins after taking a certain snapshot to our NFT holders. With our governance coin, you can vote for direction in the community and serve as an in-game currency for the future metaverse. 3) Fashion wearables and goods Goods will be distributed to holders, streetwear, dolls, live-action figures, key chains, accessories, etc. It will be made in many varieties. In addition, we plan to sell products on Amazon, and the proceeds from this will also be invested in NFT's marketing. All of our OGs can receive street wear and live-action figures. 4) P2E metaverse We will start making collab P2E games with Kozuki characters It is thought to be released in the first half of 2023, and the form of the game will be an online MMORPG.
Wacky-World
Wacky-World
Polygon
Whacky World is a collection of 10,000 custom illustrative depictions of our planet. The purpose of this environmental NFT collection is to promote change and make a more positive impact on the world. With every purchase of a Whacky World NFT, we’ll be planting one tree to help offset the emissions produced by the world of crypto. With the rising popularity in the crypto realm, more and more electric power is needed to sustain the blockchain. Because of this, the crypto space is quickly becoming a critical contributor to the Earth’s climate crisis. With the Whacky World NFT collection, we wanted to create a new way to combat climate change. Our goal is to raise awareness within the crypto community about the havoc we’re wreaking on the planet – because although we’re reaching unparalleled technological advances within the world of crypto, Earth’s environments and ecosystems are suffering as a result.
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!
MetaCenter P2E Metaverse
We want to create an opportunity for everyone to pursue their dreams and achieve success. To do that, we need to build a Metaverse world where anyone can open their own business. Meet with colleagues for Future Collaborations (B2B) in Meta center and build your success. Once our Metaverse world is ready for release, we want to create a "MetaCenter currency" that will be used for the transactions between businesses and people. Each landowner will receive monthly passive income by holding property in the "MetaCenter"! There will be a fixed transaction fee of 0.1% in the MetaCenter that will go to our staking pool, that will be given at the end of every month, as an airdrop for all property holders in the MetaCenter. Check Discord for more information. In the future, we envision that any property owner will have the freedom to lease or rent their private property to other people who are either willing to open their business in the MetaCenter or are just looking to enjoy all the privileges of Meta Center! While this metaverse project is still in its early stages of development, we are eager for what is to come. This digital world that we have been working so hard to build over the last year will only succeed with the love and support of the Cardano community.
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!
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
Thank God It's Friyay! 3 Track NFT EP
You can own this history making 3 track NFT EP from Sync Tone, "Thank God It's Friyay!"because there will only be a total of 1,000,000 copies of this NFT EP ever made. You can get in on the first drop. for this #musicnft. The floor price will rise for every drop rewarding early birds. OpenSea allows 100,000 per bundle, and we have 10 bundles. "Thank God It's Friyay!" is the NFT 3 Track EP featuring 12x Grammy Nominee, Joel Kibble. You can enjoy these mixes by legendary DJ Mark Picchiotti (Michael Jackson, Madonna, Beyonce, Sir Elton John, Daft Punk), who has mixed 25 #1 Billboard hit Dance songs. It made history as the first NFT advertisement in Billboard Magazine (or any other major publication) where it shared a page with BTS in Billboard Magazines' June 2021 Pride special issue online and also in the print magazine. It also made history as the first NFT Avatar to chart on any chart. BONUS: Some of the radio advertisements that aired on radio stations to promote the song are included. This is definitely a one-of-a-kind NFT and will never be duplicated. Get yours now!
The Animaland
The Animaland
Ethereum
Republic Of Animaland NFTs Drop on May 12 The Animaland is a collection of 10,000 unique NFTs. These valuable collectibles are also membership cards to the metaverse community, Republic Of Animaland. NFTs grant access to members-only benefits. Future advantages will be unlocked through roadmap activation. Price: 0,05 ETH The Animaland is the metaverse country where all the citizens are living peacefully. Get animal avatars, join and enjoy your new life. Great community with great advantages. Let's be the part of the future. In thisblockchain community, users can own landsand host events at their places.Animalanders will earn NFTs, tokens and willbenefit from other advantages.In the Animaland, there is a marketplace fortrading assets. Animalanders join with digitalwallets and they can exchange their assetswith other citizens. Also citizens can tradethese assets in other famous marketplaces.Mystery boxes, rare characters, treasuresand other related futures will be available. www.republicofanimaland.com
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.
Tiger Toonz Mint Day
Tiger Toonz Mint Day
Ethereum
Tiger Toonz is a collection of 3,333 randomly generated NFTs on the Ethereum Blockchain. Each Tiger Toonz is comprised of unique eyes, mouth, body type, clothing, headgear and a hand item. Our main mission is to revolutionise NFT gaming with a unique gamified experience involving the genesis Tiger Toonz and its future companions. We achieve this by giving Tiger Toonz holders the ability to earn $STEAK, the catalyst to enhance Pet Toonz (companion NFTs coming in Phase 2). But that’s not all! We will be marketing the Tiger Toonz brand in full force by acquiring lands across other metaverses to host global events & more. As for our marketing strategy beyond the metaverse, we will be creating exclusive physical merchandise, IRL (in real life) events, billboard advertising and much more! Are you ready to enter the Tiger’s Lair?

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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