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ADA Ninjaz: Daisuke
ADA Ninjaz: Daisuke
Cardano
After 2 sold-out seasons, ADA Ninjaz brings you its 3rd clan and drop: The Daisuke. The Daisuke are Nomadic groups of varying technological savvy, the Daisuke are the helpers & saviors of the land Their goals are nature & its nurture. Flora & fauna being their only true care, they shun larger modern society and its ways The Daisuke clan will consist of 8,888 Live 2D (animated) auto-generated NFTs and includes a music file, an MP4 and a still image in the subfiles. Price: 60 ADA (ADA Ninjaz holders will receive up to 20% off) Pricing structure: Each Ninja from previous seasons = 1% off. Ie. 1 Ninja you hold = 1% off, up to 20+ Ninjaz = 20% off (So a Ninjaz holder of 20+ Ninjaz will only need 48 ADA to buy a Daisuke). Join us for the OG manga/anime revolution. And be a part of this journey to making the first decentralized anime!
UNOTable NFTs
UNOTable NFTs
Polygon
This is about UNOTable NFT's Our art style is somewhat different than from mainstream NFT's but that doesn't phase us in anyway. I will mention that there will be no whitelist. Everyone is gonna have the same price for equal chances, we believe in equality. Equal for everyone in short. simply put we make art, that will provide benefits to people who mint our NFT's however for now it's just art. Sale Price 0.002 - 0.3 ETH Blockchain will be Etherum / Polygon for now just Polygon. Me and sh4d0 will be answering most questions so if you have any feel free to join the discord server. Will have a wide range of NFT's. There is also an ongoing giveaway so join quickly. The art we provide is what we most people call “different” However we love this art style and how everybody can perceive a not so clear picture differently. But that’s all for me now so I'll see you there
Green Land Metaverse P2E
SECOND LUXURY PUBLIC SALE ON 20th MAY 2 PM UTC The project's development team is German. Our goal of the project is of course to develop the limiting world - Metaverse. Since the moment Cardano published the smart contracts we knew this is the network that we were going to develop the next GreenLand Metaverse! The reason for this is because we still live on an earth that has existed for thousands of years when there are many factors that pollute it. The world is advancing to green energy, but no less important is to give awareness and donations through the metaverse to the real world to advance the field. Our future of the parallel world is certain, it is important to give the younger generation an awareness of the importance of preserving the planet, this is the main reason we started the project! In our metaverse you will have the opportunity to build a greener world, houses, energy, commerce, rivers by which you will get REWERD in our GreenLand Token . Build your own dream green land with natural energy EARN AND DONATE your GreenLand Tokens - Join GreenLand Metaverse
Snub City Presale Phase 3
Amongst the trees in the Tibetan mountains, snub nosed monkeys lived in harmony; but deforestation caused Snubby the monkey to be separated from his family and get captured. Snubby was flown to New York, to be sold to a rare animal collector. But when he arrived to the port, he escaped… Follow Snubby’s journey with 6,000 hand-crafted, algorithmically arranged NFTs as he settles into the big city and his newfound urban lifestyle. Snub City is releasing it’s third pre sale on Thursday and Monday, May 19th and May 23rd! We will be releasing another small amount of Snubbys at a discounted mint price 0.55 sol! This will be the third phase of minting leading up to the public mint which will be released at 1 Sol. This is the lowest price at which you will be able to get a Snubby as of right now! It is not too late to become whitelist so join the discord now! Our last two pre-mints sold out quick, you don't want to miss this one!
DegenSOL NFT
DegenSOL NFT
Solana
DegenSOL NFT is a project based on the Japanese comic style “manga”. Holders will get 44% of casino earnings and 50% of royalties! The more you hold the more percent you get.
☣️ 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
SpaceCows Utility NFT
SpaceCows Utility NFT
Ethereum
Phase 1 mint 1000 SpaceCows utility NFTs. THE STAKING PLATFORM IS ALREADY OPERATIONAL! Passive income from day one 333 different traits Play-to-Earn game MetaVerse VIP Lounge Governance Token Doxxed team And much more! Phase 1 Now! - Listing on rarity tools - Liquidity pool created on Uniswap - The VIP lounge will open with exclusive features - Governance token implementation Phase 2 Not tomorrow - Game development begins - NFT marketplace development begins - Merch designs will be revealed - Stabilize floor price using royalties Phase 3 Future - Game beta launch for VIP members - NFT marketplace beta testing for VIP members - Generate your own in-game NFTs Phase 4 Later - Public game launch - Public marketplace for generated NFTs Phase 5 To the moon! - Metaverse integration → 3D-designed SpaceCows Join the SpaceCows project and be part of a unique opportunity!
The Wacky Dog Club
The Wacky Dog Club
Polygon
The Wacky Dog Club Aims To Build A Community Of Conciencious Human Beings Pulling Toguether To Bring Awareness And Support To Those Suffering With Mental Health Issues Such As Anxiety And Depression . Our Community Welcomes Wacky Geniuses, Daredevils, Zealots, Financially Savvy And Successful Humans. Come Join Us To Make The World A Better Place... Metaverse’s First NFT Collection With Custom Boosts And Ranking System. Collect Your Wacky Dogs Now ! To Take Part In Exclusive Metaverse’s Projects. By Getting These Wacky Dogs You Will Have Following Benefits : NFT STAKING & BABY NFT GENERATOR ! Through Getting Wacky Dog NFTS You Will Be Able To Stake Them To Earn Annual Yields + You Can Also Lock Them For Certain Days To Get A Baby NFT As A Reward From The Same Collection MULTIVERSE By Getting Access To Wacky Dogs You Will Be Able To Get Access Into Multi Metaverse's Projects. These Wacky Dogs Can Help You To Perform Various Tasks Based On Thier Working Capacity & Rank. P2E GAMES Through Wacky Dogs You Would Be Able To Take Part Not Only In Our P2E Games But Others Also.This Will Be A Game Changer In The World Of Metaverse
The Quode-List
The Quode-List
Polygon
The Quode-List Launch. The first Student Scholarship Project. Minting a Quode makes you eligible to apply for $5k Student grant. We look forward to making your dreams come true. Funding by creating assets. Doing traditional things the Web 3.0 way. The Quode-List is a collection of 2515 tokens containing coded messages written in 9 different code languages with 16 different encryption keys. A subsidiary of The WildList NFT is a collection whose proceeds will go to fund student holders. Citing this as a novel approach to funding, the project aims to maximize the return on a scholarship application. Here an application itself doubles as an asset whose value increases with time. With more than $50k given away in student grants, the project is setting a record for being among the few NFT projects that are giving away grants directly to holders for a specific cause. The Quode-List: The first student scholarship NFT Project The first NFT project to redistribute funds in a grant function, it’s primary goal is to fund students and educate those who are new to the NFT space. Holders of the Quode-List are eligible to apply for a $5K student grant in MATIC. Close to $50K from the collection's proceeds will be awarded as student scholarships. Additionally, holders receive a Web 3.0 starter kit, which provides them with over 700 curated resources to help them get started. Deployed on the polygon blockchain for it’s low transaction fees, the Quode-List is intended for students of all levels of study to benefit from. With a mint price of 23 MATIC, approximately $35, each token costs less than the subscription fee for most scholarship websites. Simplifying the process of applying to grants, the process can be roughly summarized as: Mint → Fill the application form → Meet the founders → Get funded. The grant is distributed according to the ranking of the holders in the applicant pool. The ranking is based on the number of tokens held and the application form filled out by the applicants. Higher the ranking, the larger the grant amount received. The distribution can be outlined as follows: Five applicants will receive 5k each in Matic. Another 5 applicants will receive 1k each in Matic. And the remaining funds will be distributed equally among the applicants. The team is also slated to release a podcast titled The De-quodit as an engaging way to decode the messages contained in the token. Guests relevant to the message being decoded as well as token holders will be featured on the podcast. The Quode-list has been designed to eliminate the challenges associated with applying for scholarships as well as to maximize the return on effort and investment made. The collection also doubles as a whitelist token for the upcoming The WildList NFT project, whose art reveal is set for the 30th of April. To get the application, holders must join the discord server and verify their assets with Collabland to get access to the #grant-application channel.
The Lunartics
The Lunartics
Ethereum
Lunartics have their Moon Bags packed! Armed with tiny bodies and even tinier minds, Lunartics have been making desperate attempts to Moon It since 1969 when Neil Armstrong unwittingly ripped them away from their home. Created by FOX Animation legend Julius Preite (Simpsons, Family Guy) and notorious Writer/Producer Dan E. Fesman (King of Queens, NCIS). Each season will launch a new series of animated videos of the Lunartics’ most futile and embarrassing missions to the moon over the past 50 years. Lunartics holders will be able to vote on upcoming missions, and even have a voice in the shape of the series! And, if they’re lucky, see their character pop up in a future episode. Go behind the scenes with two industry insiders, rub shoulders with an exclusive community of creators and animators, and be a part of the next big bang when blockchain technology converges with the world of entertainment! Ξ0.08 per NFT + gas. There is no change in mint price between whitelisted and public mint.
MetaBallistics
MetaBallistics
Solana
A Collection of 440, 3D modeled Firearm NFTs in augment reality to be used in a metaverse FPS game. Arm Yourself in the Metaverse. 100% Made in House: We didn’t outsource anything and put in over 100 hours of work 20% to Charity: Monthly donations to AWI & K9s for Warriors ROADMAP: April 28th, 2022: Launch 440 NFTs (8 Different Firearms x 55 Each) April 30th, 2022: Experience All 8 Firearms in Augmented Reality May 15th, 2022: 1 of 1 Special Weapon Released June 2nd, 2022: First Monthly Charity Donation July, 2022: Launch 45 NFTs of WWII Era Firearms (Whitelist Exclusive) July, 2022: All 8 Firearms Added to Snapchat as Augmented Reality Filters TBD: Partnership with Metaverse FPS Video Game We formatted and designed the MetaBallistics NFT 3D models to be used in a future video game. Taking zero design shortcuts so once we have established a partnership we can quickly turn over the appropriate files.
DAREDVL FOUNDERS TOKENS
Do you want to be able to buy an NFT with NO CRYPTO? Do you want your NFTs to allow you access to real-world benefits? Are you tired of basic art with nothing attached? DAREDVL Athletics is a clothing company which strives to support the athletes who are truly "Beyond Ordinary" and bring the most to the competition. In addition, we're one of the first NFTs which YOU CAN BUY WITH USD! The clothing brand will be having a sale of 200 NFTS which will have a very unique idea attached to them; holders of the NFTs will be able to participate in the design of an upcoming collection from start to finish, and benefit from the clothing they get to help design. After buying the 1/200 "Founder's Token" the holder will be placed into a group that will allow them to meet other athletes or investors behind the brand, lead by the CEO Caleb Schuelke. The holders will brainstorm a collection idea and get to take a lead in designing the clothing itself with oversight from the DAREDVL team. The designs will then be finalized and manufactured in scale, with marketing then taking place on a large level to promote the clothing. Once the designs are finished, the finalized clothing designs will be made into digital NFTs that the founder tokens can be exchanged for, representing the true art of the project, made and approved by our holders themself. Holders of the NFTs will receive the items they designed for little to no cost, as well as being entered in giveaways for clothing, exclusive opportunities to represent the brand on social media, interviews, giveaways, model meet and greets, and the opportunity to get whitelisted for the sale of the next collection NFTs.
Non-Fungible Heroes Membership Pass
The Non-Fungible Films will be the all-access token for everything within the NFF ecosystem. Minters will receive a FREE ‘Oscar Haley and The Great Beyond’ NFT - our generative PFP collection. The supply will be 10895 (Film was invented in 1895) Holders will receive a second NFT collection for free (now in development) Early and exclusive access to all media content. Voting Rights on a wide range of topics from upcoming collection pricing, creative project development and more. Access to our Metaverse experiences and IRL events. Discounted Entry to every NFF project, drop, experience in perpetuity. Allowlist spot for every NFF project, drop, and experience in perpetuity There will be a tiered system to incentivize owning multiple passes. One pass will be equal to One vote within NFF with no cap on per wallet voting ability. Events and footprints at or around ComicCon, NFTNYC, NFTLA, The Oscars, creative IRL and virtual workshops with entertainment industry professionals. Tiered System: 1 Pass = Member 3 Passes = Executive Producer 10 Passes = Studio Head Additional Pass Perks: 3 Passes: All of the above ^ Lifetime FREE access to all of NFF’s NFT drops. Executive Producer(+) Only collaborative projects. FREE Custom Limited Edition Oscar Haley Toy & A Custom NFF Ledger. ‘Special Thanks’ Credit on all NFF productions. (Snapshot will be taken before each final cut). 10 Passes: All of the above ^ *If a BAYC owner* Guaranteed usage of your BAYC Asset in a Film or TV production. Discussion around co-production of your Oscar Haley assets. Open door for film/tv project submissions direct to head of NFF studio. Quarterly calls with NFF C-Level team to discuss upcoming and unannounced projects. Team Membership Pass Distribution and Holdings: Web3 advisors: 25 passes Board of Advisors: 10 passes BBCO: 10 passes Boogie Studios: 5 passes Non-Fungible Films: 25 Treasury Passes: 175 NFF plans on holding 175 treasury passes for community giveaways and future partnerships with production houses and seasoned entertainment professionals. As we scale, we want to invite as many seasoned storytellers into our community as possible. We have already begun to see an incredible response from A-List talent curious about adopting our vision and principles.
DOGWALD
DOGWALD
Solana
We are glad to introduce you the NFT collection which was inspired by our dog Oswald Lee. It represents 300 types of real emotions and poses from the life of a Scotch terrier on the Solana blockchain. We have collected them throughout the life of our puppy, and we will be happy to give you a part of this huge universe. ROADMAP Phase one- •Creation of a collection of 300 Dogwald on the Solana Blockchain☑️ •Secondary market Approval (Magic Eden, Solsea)☑️ •Launch Website☑️ •Mint •Maintaining the price onthe 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. •Release of 10 new Dogwald and friends collections for a total of 3000 NFTs. •Creation of game where purchased NFTs will be used. •Creation of the Onyx token as a game currency. •Game launch •Creating and launching the Dogwald 3D NFT collection.
Avengers Endgame Metacard Club
Avengers Endgame Metacard Club brings you a complete collection of avengers endgame cards based on randomly generated Avenger character's , total collection consists of 5000 metacards on polygon chain. club motive is to contribute in NGO that provides food and medicines to the needy ones. we will provide homeless people a source of earning like a small store in the field in which they are good at like small grocery store , stationary shop, shoes shop, ice cream shop , chocolates shop and so on ..this will provide them a way to earn not to beg. our Avengers Endgame Metacard Club project will fund this kind of stuffs. LINKTREE: https://linktr.ee/avengers_endgame_metacard_club All the updates will be posted on our social sites including instagram, Twitter, Discord. link is provided in our linktree profile. We welcome you all to join our family.

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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