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Music

Music in Motion
Music in Motion
Ethereum
Music in Motion is a collection of high quality motion art and therapeutic music, blended in a first of its kind 'multi-sensory relaxation experience'. This is an exclusive listing of 132 NFTs, each one unique and hand-crafted with a combination of original music coupled with beautiful motion art. This limited edition collection represents one of the earliest multi-sensory experiences to be presented as an NFT, and will undoubtedly stand our in terms of quality and rarity in the longer terms. The utility includes full ownership of the high quality art, which is supplied at 12k pixels. The music also comes with owner non-exclusive rights to re-purpose and re-sell. The fully-doxxed owner is a committed and passionate creator of art and music, and this collection is truly hand-crafted and not just another mass produced collection of NFTs. There are lots of reasons to own this original NFT and we hope that you enjoy the art and music fusion, and derive benefits from the therapeutic properties of this multi-sensory experience.
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 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.
11 Captain's Club NFT
11 Captain's Club NFT
Ethereum
WHAT IS THE 11 CAPTAIN'S CLUB? The 11 Captain’s Club is an exclusive collection of “10011” 11 Captain’s NFTs with real-world flex. Not only do these hats have unique value, but they also act as a ticket to the ultimate nightlife as only E11EVEN knows how to deliver. E11EVEN was the first to accept crypto for payment in two of its flagship entities. Always an early adopter of new technology, 11CaptainsClub will be truly innovative by providing NFT holders with token gated “Captains Only” community access for merch, products, events and early access ticket sales to the world’s most recognizable artists – ALL AS NFTs TO BE REDEEMABLE FOR THE PHYSICALS. Additionally line & table passes to E11EVEN Miami will also be available. Unmatched utility from day one to the world’s best exclusive nightlife and entertainment brand: E11EVEN.
Groovy Trance
Groovy Trance
Terra
Groovy Trance is a generative audiovisual NFT project where the art itself is partly hand-drawn and partly generated using an algorithm. Pieces are rendered into trippy morphing visions and each one has a unique piece of music, manually composed by the artist, and embedded into the NFT. About the artist: Bob Chugani Psychonaut, Artist, Lecturer, Meditator. He grew up in Dubai, and China. His journey with art began as a teenager with doodling and graffiti, spraying Dubai street walls in the dark of night with his peers. His venture into coding began with hacking into university computers to set up XDCC bots during the early days of mIRC. He now holds a degree in Information Technology and Graphic Design. He got into cryptocurrency in 2017 buying Etherium and Chain Link. His art and this project is heavily influenced by his experiences with psychedelics, particularly epic trips on mushrooms in Koh Phangan, Thailand and on LSD in Goa, India. Not to mention the music that he grew up on, jazz, blues, and psychedelic rock. Bob now lives on the beautiful tropical island Bali, with his wife and daughter. This project was born in a flow state, on a surfboard in middle of the warm Indian Ocean at the beginning of September 2021. He was out on his own catching some waves, and somewhere between sets, as shards of sunlight danced on the surface of the ocean, simple patterns emerged that would later become the inspiration for the appearance of the Groovy Collections.
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.
Mr. WildFire's Record Collection
My name is Mr. WildFire, I make EDM/Bass Music. You can find my music on all major streaming platforms. I have made my own NFT collection and will be giving away free NFT every couple of days on my discord server. Stay tuned! Owning a non-playable record grants access to upcoming NFT releases before releasing them to the public. Owners of these records will get access to request custom remixes, feedback on tracks, free merch, guest list passes to shows, early access to music releases, and more. Welcome to my official record shop, thank you for supporting me and my music (: My first 5 platinum releases are currently for bid on OpenSea. Each song will only have 1 Platinum record. https://opensea.io/collection/mrwildfireaudiocollection I have many more tracks that I will release as records, as well as releasing an additional version in platinum and gold. That is for my music, you can find my collectibles here: https://opensea.io/collection/wildfirerecords On 4/7 I'm releasing an NFT that if purchased will receive a random NFT from my collection on the release date which you can find here: https://mrwildfireofficial.io/product/random-mr-wildfire-record/?swcfpc=1 I am partnering with Rally.io to release the "Fire Coin" which will be available shortly and I will implement bonuses for owners of my NFT's.
Gisele
Gisele
Other
Gisele is a women-led NFT collection of stunning sensual audio-visual journeys. We are a featured launch on http://stashh.io on Secret Network. All Gisele NFTs are sex-positive, and empower women's (and their partner's) sexual health. embedded into each visual is an audio file that guides the listener(s) on a sensual journey of exploration and discovery. These Audios are private and can only be enjoyed by the NFT holder. check out our Youtube channel: https://www.youtube.com/channel/UCiyiI-EqvSRoeN3UTes8cPQ Each Gisele NFT artwork is meticulously curated. It starts with a well-thought-through script composed by one of our top-notch writers, ranging from creative authors over sexologists & pelvic floor specialists to orgasmic experts. Enticing voice over actors bring the story to life and our sound engineer guarantees an experiential journey. Contributors come from all over the world, making Gisele NFTs encompass perspectives from all cultures and subcultures. The visuals support the journey in your metaverse OG: your imagination.
ADA Ninjaz - Aramar Soundwaves NFTs
Supply: 500 Aramar Soundwaves Price: 100 ADA (50% OFF for S1 Ninjaz holders) WL - 50% off mint: 3 PM, 1 April The ADA Ninjaz - Music Pass NFTs are a music-focused set of NFTs on the Cardano blockchain used as a means to reward existing ADA Ninjaz holders and pass holders. These NFTs will help us develop a self-sustaining model to promote ADA Ninjaz music In the build-up to the second ADA Ninjaz song, Billy Martin of Good Charlotte, Katie Belle of 'Daughters' fame & IAGO of Disney fame will be selling 30 unique NFTs from this collection and featuring on the track. Read the litepaper for all the details. Utility for the Cubs (470 NFTs): Early access to the next song’s release. Group FaceTime with the artists and music team. NFT plaque for every milestone achieved (eg. 1 million streams, 1st place on iTunes, award nominations etc.) Whitelist access and discounts to all future Music Pass NFT drops. Whitelist and/or early access to all artist-related NFTs (if the artist decides to launch a large NFT collection, you will receive whitelists or early access to buy their NFTs). Utility for the Lions (30 Rare NFTs): All utilities from tier 1 - Cubs. Participation: In our next ADA Ninjaz soundtrack you will have the chance to play a riff or bassline, create a beat, sing, narrate/perform spoken word, mix and/or produce aspects of the track (and receive credits for this). Intimate group (up to 5 people) video call with the: Artist of your purchased Music Pass NFT. Music team (Mirai Music). ADA Ninjaz creators (Tommy, Zushan, and Ignacio). 1 x vinyl music postcard signed by IAGO, Katie Belle, and Billy Martin. Customizable vocal message from the artist. Physical music postcard with personalized handwritten messages from the artists. Receive a free Daisuke (S3) ADA Ninjaz NFT at drop. You can convert 1 of your Aramar NFTs into a musical Aramar version.
Hip Hop Icons by Mike Thompson
The Hip Hop Icons is a premium collection of some of the greatest hip-hop artists of all time. The award-winning artist Mike Thompson, one of the drawing hands behind works for Marvel, DC, HBO, Nike, Warner Bros, and many others, dedicated all his passion for the genre to create beautiful paintings of hip hop artists. Collectors can craft new exclusive NFTs, by burning duplicates and searching for combinations of cards. Fans, get ready to show what you know about Hip Hop! The realest Hip Hop Icons collection was built by Epix on the Flow blockchain after 20+ years in the making by Mike Thompson. Release date: March 25, 2022 Account system: Custodial and Non-Custodial Payment: Flow Tokens and USD Pack tiers: Common, Rare, Legendary, and The Vault Card tiers: Common, Rare, Legendary Epix, a pioneer in creating cutting-edge technology to support Non-fungible tokens (NFTs), is the company behind taking Thompson’s drawings and paintings of Hip Hop artists like Tupac, Jay-Z, Eminem, and more into digital form. A total of 173000 cards will be released by Epix on the thisisepix platform. The cards will be released in 32500 packs, which will be separated into common (five cards, 20k packs), rate (five cards, 10k packs), legendary (five cards, 2k packs), and the vault packs (26 cards, 500 units). The collection is a labor of love for Thompson who is well-known for painting rap artists and entertainers. He has created art pieces for some very big names, including Warner Bros, Marc Ecko, and HBO. His artwork has also been featured in Kanye West’s Jesus Walks video and he also created concept art for Marvel Avengers Civil War. Talking about the collection, Thompson said he is proud to be giving back some of the feeling and appreciation he has for the music, as he says, “people can connect my work back to the source. My love for Hip Hop comes through on these cards that nobody has done before.”
Thugz Life Slow-Mint
Thugz Life Slow-Mint
Solana
We have developed an entire narrative and featured world around Thugz spirit, a spirit from the street. We'll soon launch a game on Discord playable by every « Thugz Holders ». In order to send back to our community, we would like to add some gifts by adding discount with our partners. 🖼️ 911 unique Thugz #NFTs launching on #Solana 🤝 Friendly community & Ambitious project 🎮 Exciting future Gaming plans with the PvP rewarding game & our innovating Strategic RPG game Win-2-Earn 👑 Private Club : CBD & Street brands partnerships discounts 🎁 3000$ lottery Gifts for Holders & Funny NFT Giveaways Events Join the Gang on Discord : https://discord.gg/KG2NNxV3be Website : https://thugz.life/
ApeDad 2662: Lost In The Metaverse
A Visionary Sci-Fi NFT Collectible 1111 Hand Made 3D Art Works Graphic Short Story & Original Soundtrack + 101 FREE Royalty Sharing NFTs for Top Collectors ApeDad 2662 is a visionary, a philosopher, an inventor, and a modern-day explorer. His purpose is to explore and discover the possibilities inherent in Unity and Oneness. His latest discovery is the powerful mathematical equation: NFT + DEFI = BLISS! How Did ApeDad 2662 Become Lost In The Metaverse? ...When the gorilla drone soldiers suddenly appeared and shot ApeDad 2662 with a quantum radiation frequency tuned for de-materialization, he was flattened into two dimensions, pixelated and stripped down to only his essential black and white dots. He began experiencing every possible version of himself and then suddenly disappeared completely.... 2662 was now everywhere and nowhere, everything and nothing, he became hopelessly lost in the fabric of the Metaverse. Read the full Graphic Short Story and Check out the new ApeDad 2662: Lost In The Metaverse NFT Collection: https://www.lostinthemetaverse.io Listen to the Psychadelic Low-Fi Hip Hop Instrumental Original Soundtrack: https://www.youtube.com/watch?v=ZdibUIoN1Uo
Atomic Nuclear NFT is coming!
3D HD Movie & Audio NFT - The Atomic NuclearNFT Project has been designed with the purpose of solving future energy problems, such as the promotion of safe and efficient nuclear power technology and the establishment of nuclear power plants for countries that need nuclear power technology. - We will build a private membership community by developing a DApp program that only Atomic NuclearNFT holders can access. - We will build web3. - We collaborate with real estate metaverse and P2E game companies By owning a certain amount of land in the real estate belonging to the real estate metaverse, the holders can use Atomic NuclearNFT as an energy source in the metaverse. The energy source is supplied to the cities connected by the metaverse, and land in the metaverse is automatically deposited into the DeFi system. We plan to create a system that will redistribute the profits from the DeFi deposits to Atomic Nuclear NFT holders.
Pixel Rap Club Vol.1
Pixel Rap Club Vol.1
Ethereum
Pixel Rap Club Vol.1 is a collection dedicated to the Legendary icons of Rap culture's Golden Age. Vol.1 features - 2Pac, 50Cent, Busta Rhymes, DMX, Dr Dre, Eazy-E, Eminem, Fat Joe, Ice Cube, Ice-T, Jay-Z, Method Man, Nas, Notorious BIG, Redman and Snoop Dogg. All artists are hand-drawn in pixels (a nod to the 8bit video games of those times). All individual accessories (traits) were built based on the actual photographs and have their own rarity. Each rapper has 100 images, one of which is "Legendary".
Mr. Finger NFT
Mr. Finger NFT
Ethereum
The first NFT project which is creating a new ecosystem around Music Festival experiences and connecting creatives on the Ethereum blockchain. MF NFT's - each unlocking access to a network of inspired individuals who collectively aim to build a real life community centered around Peace, Love, Unity and Respect via virtual and irl events! We are a community driven and charity oriented project with a - fully doxxed team - who is dedicated to empowering each Finger that joins our Fam! Merch sales will be invested back into our community to aid in the funding of our Hand Holder's greatest ideas, and helping to provide them with supplemental resources to develop their projects into full on brands. The end goal of this project is to provide a tangible Mr. Finger product, and to launch an international music festival brand which will serve as home base for our Finger Fam across the world for years to come! Benefits: - Full IP and commercialization rights for your unique Mr. Finger NFT - Access to Music Festivals around the world - providing opportunites to party, volunteer and network with thousands of free-spirited individuals - Inclusion into the Seasaw Labs Launchpad Initiative - intended to fund and inspire a new era of NFT Founders - Participate in a variety of virtual events such as: community DJ nights, yoga and mediation seminars, as well as mental health support for our Finger Fam Sale Structure: - Price: 0.01 ETH - Supply: 10,000 - Pre Sale: March 14th - Public Sale: March 15th Give us a Hand! Use your fingers for good, and invest in a future that you can believe in.

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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