Browse Upcoming NFT Drops, NFT Events & Marketplaces

Music

Lords of the Lands
Lords of the Lands
Ethereum
Become a LOL LandLord and Earn monthly rentals in Ethereum! LOL Metaverse is a utility-driven project creating experiences in metaverse while incentivizing its NFT holders!
TraxxStemz: Revolution
TraxxStemz - a revolutionary way of creating, owning and experiencing music and art. In an industry first, NFT music marketplace TokenTraxx has revealed a unique format of NFTs called TraxxStemz which will challenge the perceptions of creation, ownership, rarity and value of music and art. The TraxxStemz project is launching with an NFT collection named ‘Revolution’ in partnership with the band Graffiti6. The collection has 3,030 distinctive pieces of combined music and art, with each NFT formed from the layers of an original Graffiti6 recording and its remixes randomly combined to create unique versions and augmented by randomly generated artwork. HOW IT WORKS The individual instrument layers, or ‘stems’, of the remixes are grouped into categories based on their likeness, such as drums, bass, keys and FX. Stems are also assigned rarities indicating that some remix elements will be more common than others, and no two sets of stems are ever repeated. The original and remixed stems of a track or score will be fed into the Boogie Machine, a proprietary content processing engine developed by TokenTraxx Head of Innovation, Richard Rauser. The output of the Boogie Machine is a set of NFTs formed of randomised combinations of the musical stems accompanied by randomly generated artwork featuring stunning 3D visuals from Graffiti6 member and visual artist, Jimi Crayon. THE FIRST OF ITS KIND Graffiti6 is the first collaborative band to make use of TraxxStemz technology with its original track, ‘Revolution.’ It is the band’s first outing in more than 10 years and the track promises to be an anthem for the web3 community. Graffiti6 consists of Grammy winning singer/ songwriter Jamie Scott, famed producer TommyD and artist Jimi Crayon. The Graffiti6 music and art collective have utilised the remix talents of four DJs and producers, each notable in their respective musical genres. They include hit-maker and Diplo collaborator Paul Woolford, legendary dubstep DJ and producer Flux Pavilion, giants of the French house scene Oden & Fatzo and drum’n’bass pioneers Calyx and TeeBee. Graffiti6 artist Jimi Crayon has taken the signature Graffiti6 heart design from the original albums and brought it up to date. Heart attributes are also assigned rarities so that 3,030 individual pieces of art are created to complement the music. “It was really important that each remixer had their own distinctive sound. I wanted all the remixes of Revolution to be completely different: different tempos, chords, arrangements so that when combined you get these insane combinations, sometimes stunning, sometimes a car crash but always funky,” - said Graffiti6 producer and TokenTraxx co-founder, TommyD. “We are always selective when we’re asked to do remixes, but as soon as we heard the original track we were itching to get stuck in. The vibes, music and above all Jamie Scott’s phenomenal vocals made this a joy to remix. These remixes have created some unique and unpredictable pieces of music and art making us so excited to be part of this Web3 project,” said the London-based producer, musician and DJ on the Drum & Bass scene, Calyx.
Otters n' Frens: Evolution
Otters n' Frens is a gaming NFT, invading the metaverse and the F2P game industry. All Mutant Otters will be fully playable in the Metaverse. Additionally, Otter holders will receive passive F2P game revenue returns through our staking platform and revenue shares through our royalty distribution mechanic. Gen. 2 Mutant Otters will mark the beginning of our journey into the metaverse. This collection will have a very small supply of fully-rigged 3d Mutant Otters playable in AiternateNFT's Spaceship Metaverse. 3d Mutants will be obtainable through burning 2 Gen. 1 Otters + a small mint fee. Gen. 2 Mutants will reduce Gen. 1 Otter supply by 20-40%. All holders possess partial ownership of the revenue generated from our free-to-play mobile game, paid out through our staking platform.
MalLabel Complete Catalog & KR3TURE Remix Competit
MalLabel Music was founded in 2008 in Bay Area clubs and warehouses when the biggest wave of dubstep & bass music was beginning to break into the US zeitgeist. The label has had a notable impact on the landscape of current bass music culture by developing a powerful platform focused on diversity, equity and inclusion for established & emerging artists who bring fresh, innovative music to the scene. MalLabel’s knack for recognizing talent — combined with their entrepreneurial prowess and a supporting team of dedicated creatives — has made MalLabel a leader in the west coast underground bass movement. Our catalog features almost 2,000 tracks, including music from: Too $hort, G Jones, Downlink, Minnesota, KR3TURE, Liquid Stranger, The Widdler, Pushloop, Truth, 6Blocc, Of the Trees, AHEE, JVNA, Stagga, Kraddy, Headphone Activist, Bukkha, Blimes Brixton, Morillo, Sub Docta, El Diablo, EKo Zu, Crimes! Accumulating over 300 releases since inception, the entire MalLabel catalog has only been accessible to an underground audience until now. For a limited time, to celebrate the label's roots established at Burning Man over a decade ago, MalLabel is opening up their music vault to fans of underground bass music over the Burn. For those attending or those missing out on playa magic, we are offering up our entire catalog, (including the new, unreleased Digital Landscapes compilation) in WAV format for $50 from Aug 23 - Sep 4, 2022. Bundle purchasers also receive an NFT of KR3TURE's Shapeshifter, as well as exclusive access to Shapeshifter stems and a remix contest hosted by MalLabel & KR3TURE. Bundle Price: USD 50 Editions: Unlimited during minting window Minting Window: 8/23/22 - 9/4/22
Nightcatz
Nightcatz
Ethereum
3,333 Nightcatz. Feed your NightCat and get rewards. Staking for holders.
Adam Wendler - Motions
Motions NFT Bundle #adamwendlermusic, #livingthedream, #savethebees, #30beers Adam Wendler is a Canadian Folk-Pop artist with a passion for good times and honest, heartfelt songs currently based in Germany. On Motions (co-produced by Adam) he has taken his sound into more of a pop direction. The album is a summary of different life experiences Adam has had thus far and the state of mind he was in throughout the writing process. All the songs have something different to offer; whether the writing influence came from nostalgic memories of his teenage years, addictions his friends have suffered from, dreams of becoming a rockstar, or losing his father in 2021. Motions is filled with catchy pop songs that are deeply poetic and relatable from start to finish. Purchasers get the entire album as an NFT, the album artwork (digitally signed) as well as a signed physical copy of the album (personalized messages possible), a limited edition MOTIONS tote bag (exclusive to this bundle), a handmade MOTIONS bracelet, an Adam Wendler bottle opener, beer coasters and stickers. Available Copies: 50 Price: USD 50 / SOL ~1.21 This NFT release is brought to you via Motor Music.
Todd Terry - Fuzz Box
Todd Terry - Fuzz Box
Solana
Dirty beats. Funky loops. Furious breaks. Todd Terry first released Fuzz Box in 2000 as a DJ promo-only vinyl on InHouse Records under his alias Swan Lake. On a recent journey to his personal record vault, Todd uncovered three boxes containing 60 sealed copies of the record – the last 60 in his possession. Now Todd and InHouse are releasing this treasured vinyl from the vault, and each copy will be signed by the hand of Todd. Completing the bundle is a brand new Fuzz Box remix and extended mix, exclusive to NFT holders and ready for club play. Holders will also receive exclusive behind-the-scenes video documenting the creative process behind the remix, and a copy of Todd’s iconic Black Riot Megapack, a sample pack containing 190 classic loops, hits and sounds. Editions: 60 Price: USD 100 / SOL ~2.35 Release Time: 3PM EST on Thursday, August 18th
Masquerade Club
Masquerade Club
Ethereum
A Private Collection of 10,000 MASQ🎭 NFTs each with their own unique characteristics living on the Ethereum blockchain. Your MASQ acts as your membership to the Masquerade Club, and gives you exclusive access to member’s only Merch, Airdrops, Masquerade Club metaverse, upcoming Events, and much more. 10% >>> The Community. Create our own circle. - Launch Twitter. - Launch Discord. - Launch Website. ( In Progress ) 20% >>> Mint 10.000 MASQ. - Secondary Market Listing (Opensea) - Verified Holder Channels in Discord. - Rarity.Tools Listing. 40% >>> We release the hidden MASQs. - 5 hidden MASQs (tokens held back from the sale) are airdropped to random MASQholders. 60% >>> Become a Movement. - Member-Exclusive MASQ Merch Store gets unlocked, featuring Limited Edition tees, hoodies, and other goodies. 80% >>> Real Party and Metaverse Party for all Holders. - Our Club deserves benefits. Being a part of our club will give you exclusive access to music events & concerts on planet earth and metaverse. Our NFT MASQs will serve as a pass to great parties. If you have more than 1 nft, you have the possibility to have a more VIP rank of your entry to these parties. (Pending restrictions) We will consider associations of massive events, such as -> Defqon1 - Tomorrowland - Lollapalooza - UltraMusicFestival, among others. 90% >>> Create $MASQ token. - We will unlock rewards to our holders. 100% >>> Charity. - COMMUNITY is key to our art and it starts from the ground up, from the roots… We will donate to non-profit association(s) supporting youth in marginalized families through music and other kinds of arts. V2 - More in development for holders............ - Masquerade Club Special Edition. ( Coming Soon ) The official smart contract will be provided by our team on launch day in our Discord chat. This is not a Crypto Punk, Invisible Friends or Bored Ape Yacht Club but this MASQs will explode and vibrate in your heart. Cool art NFT collection!!!❤️‍🔥
Saudi Birds
Saudi Birds
Ethereum
5,555 Saudi Birds are MAX BIDDING. Every Saudi has its own bird. Pre-Sale: SOLDOUT Public Sale: July 30 at 21:00 UTC
Harpytownwtf
Harpytownwtf
Ethereum
No discord, no roadmap, just harpies, 10,000 harpies, they are fly and shit from the sky. Pre-sale: SOLDOUT Public Sale: Jule 17th, 12:00 UTC / 08:00 ET
Rat Boy Dystopia Gangs NFT Drop
ACTIVE NOW! RAT BOY Dystopia World Gang Membership NFT Edition of 1500 FREE NFT gives you access to the gang membership NFTs. Includes exclusive Dystopia world anthem - Drinking All Day - Drops 8 June. Dystopia World is the creation of UK based multi-media artist and musician, Rat Boy. Ratboy Four gangs battling it out in everlasting turf wars. Choose your gang, join a discord, collect and collaborate on the story. Future drops will include character illustrations, cars, hide-out’s, clothing and weapons - all from the mind of Scum clothing creative director and cult rock musician, Jordan Cardy. Drawn by hand these beautiful (but scary) NFTs will also be soundtracked with tunes from Rat Boy and his mates. Token||Traxx is an NFT marketplace, built by musicians for the music community, launching in 2022. It provides you with a whole new way to create, curate and collect music.
Rat Boy NFT Dystopia Whitelist Free NFT
ACTIVE NOW! RAT BOY Dystopia World Gang Membership NFT Edition of 1500 FREE NFT gives you access to the gang membership NFTs. Includes exclusive Dystopia world anthem - Drinking All Day - Drops 8 June. Dystopia World is the creation of UK based multi-media artist and musician, Rat Boy. Ratboy Four gangs battling it out in everlasting turf wars. Choose your gang, join a discord, collect and collaborate on the story. Future drops will include character illustrations, cars, hide-out’s, clothing and weapons - all from the mind of Scum clothing creative director and cult rock musician, Jordan Cardy. Drawn by hand these beautiful (but scary) NFTs will also be soundtracked with tunes from Rat Boy and his mates. Token||Traxx is an NFT marketplace, built by musicians for the music community, launching in 2022. It provides you with a whole new way to create, curate and collect music.
Dream Big EP
Dream Big EP
Polygon
UK Indie pop artist Max Rad debuts 4 new songs as NFTs with exclusive artwork. MAX RAD - Bio Producer, singer/song-writer, DJ and multi-instrumentalist MAX RAD has been putting out self-reflective and heartfelt Electronica alongside deeply emotional lyricism for the best part of 3 years. His distinct sound encompasses warm electronics and soulful vocals, with a string of very well received singles including the brilliant ‘Where Are We Now?’ released in collaboration with Kitsuné Musique, as well as the evocative double EP ‘Save Me From Myself’, Max’s self-produced works have earned scores of plaudits and admirers across the board including Annie Mac, John Kennedy, and Lauren Laverne at UK radio, as well as Notion Magazine, Haste, NME and Earmilk to name a few in the blogosphere, not to mention Sold Out shows and Festival appearances across the UK and Europe with his electrifying Live set up. His latest offering, the tantalising EP ‘Point Me In The Right Direction’, taken from forthcoming album ‘Joy Wonder’, has been making regular appearances on BBC Radio 1 and BBC Introducing shows across the country, with Gemma Bradley being an early champion, along with Sarah Gosling and James Threfall in the West Country. Brought up in the quiet rural setting of Stroud in Gloucestershire, UK, Max carved his own path, finding music early, and beginning to write and record songs aged 6. Moving to London in 2018, and working out of anywhere he could find to set up a studio, Max began producing, co-writing and mixing for other artists, becoming entrenched in many up & coming projects as well as working with more established acts, cutting his teeth within the City’s blossoming music scene. Upon moving to Cornwall and starting his own record label ‘Three Sign Records’, new music has seemed to pour out of Max, who continues to be a truly independent artist. Now based in Bristol, this is an artist you should definitely keep your eye on.
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!

NFT List - Upcoming NFT Drops, Events, NFT News & NFT Marketplaces

Sponsored NFT Drops

Banner 1
Banner 2

Browse Our Upcoming NFT Events & Start Your Own NFTs Collection

Read Latest NFT Blogs

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