Browse Upcoming NFT Drops, NFT Events & Marketplaces

Music

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.
T Rex Society
T Rex Society
Ethereum
T Rex! Never seen before Nft collection. Join our Discord where you’ll be able to mint a mighty T-Rex in the near future! There’s 6K Dino’s waiting to be yours! Own one of your own dinosaur and show it off as a profile picture or wallpaper! But that’s not all! Our journey is beyond just minting and owning an NFT. We, as a community will make great things happen, from giving back to the world, putting a smile on someone’s face, give to charity, host events for our holders. Diamond hand holders will have the chance to vote on location of events when we get there! Help us get there and far beyond! Cash prizes, gaming and electronic prizes, merch and free NFTs in your wallet are just a few of the things you can win by being a member. Team is fully doxxed, there will be AMAs very other week! https://discord.gg/R4AZvvHR
Crypto Music Legends
Crypto Music Legends
Ethereum
Collectible NFT cards. The best music legends together in a matchless card collection. ON-SALE -- MARCH 12 2022 This is not the typical collection where we see the same character combined with thousands of different accessories. Each card is unique and has been illustrated carefully by an expert artist, without using any programming or artificial intelligence. It is 100% human digital art! Crypto Music Legends is a limited set of 125 unique cards. In them we can find the most talented and representative musicians of the most diverse genres: Classical, jazz, rock, funk, disco, pop, R&B, Reggae, Rap, Hip-Hop… even K-pop! Each artist was digitally caricatured by Andrés with a fun, modern and unique design for the entire collection.
Hashtag Queens Dolls
Hashtag Queens Dolls
Polygon
In 2018 and 2019 Robodrone Collaborated with Facebook/Meta and Twitter headquarters in London, to create special versions of my Social Media Enabling Art 3D+ Hashtag Queens Throne. Facebook even featured this collaborative art in their movie “Re-imagine”. Now I have turned my Throne that was used into a Collection of over 2000 variations of NFTs of @opensea Since May 2019 the 700+ animated GIFS that Robodrone created, as artist partner of Giphy.com, have been selected and shared by over 450 million Social Media Trendsetters. Robodrone’s new class of social media enabling artworks, has its roots in music. Robodrone (Hashtag Queens) is a creator of Award Winning Videos such as ‘Download My Heart’ Series( In New York , In London, In The Metaverse, In Dubai) ‘modernspeak’ lyrics-driven song, that expresses and celebrates the transformative social changes of the ongoing new Cultural Revolution, distributed by Universal Music Group.
SuperSonic Stratospheres
SuperSonic Stratospheres is a brand-new #NFTcollection of 1000 guitars that have been forged in NFTs from the Stratosphere. Each one with its own unique qualities, there is a SuperSonic Stratosphere for every person. With each Guitar from the Stratosphere you encounter one of the "Songs of the Stratosphere" a creature inspired by constellations in the night sky. These are the guardians of such treasures, and each has a song to play. We are starting our giveaways as we get closer to minting on 4/9/22. The artist that created the Supersonic Stratospheres NFT collection is a guitar player and collector and has improvised a song on the electric guitar for each of the 7 Songs of the Stratospheres you may encounter. We will be giving a one of kind NFT away for each of these. They were minted on Solsea and ready to recieve. They include a one-of-a-kind video with the audio track of the original song and a narriative story of the encounter with the Song of the Stratosphere. Our first giveaway is the song for the Lone Wolf - based on the constellation LUPUS. The song was played with single coil pickups thru a warm tube amp. The two track performance was improvised with a looper pedal and captures the sound of this encounter. Please see us on Twitter for more information on SuperSonic Stratospheres and details on how you can be selected to own this one-of-a-kind Guitar NFT. For more details and to see the video please visit https://colorfulempire.com/Stratospheres/ and scroll down to the Giveaway section. Reach into the SuperSonic Stratosphere!!!
Homeboyz Club
Homeboyz Club
Ethereum
Homeboyz Club is a collection of 3,333 unique NFTs with over 200 dope traits, including badass swag, shades, grillz, and do’s. It’s a community of dreamers, hustlers, artists and visionaries who want to make a positive impact through the power of NFTs, art, and games. If you decide to step in, you’ll be getting much more than an NFT. Here’s what’s on our roadmap: ▪️ Gain access to Homegirlz & OG’z collections ▪️ Stake to earn utility token $C.R.E.A.M. ▪️ Play in Homeboyz GTA5 RP server ▪️ Join HC Trading Club ▪️ Exclusive Hoodies ▪️ Build a Metaverse Club with us Join our Discord and follow us on Twitter for updates!
TruEra Festival - TruLivestream #1
Have you ever heard of a music concert on Cardano? With our "TruLivestream #1" NFT ticket you get access to the very first CNFT music livestream on March 10! A brand new utility awaits you - You shouldn't miss this unique event as an true NFT lover! MINTING DATE/TICKET SALE: March 03. BENEFITS: 🎶 NFT TICKETING: Get access to the very first music livestream on Cardano via NFTs 🎶 ARTIST SUPPORT: Support the pop-punk band “Barney Gumble” without middlemen 🎶 MUSIC COMMUNITY: Get connected with likeminded and music loving people 🎶 HIGH QUALITY ENTERTAINMENT: enjoy a professional recorded live concert in high quality Supply: 200 Price: 12 ADA Website: https://www.truerafestival.com Discord: https://discord.gg/6nrEG2V4y3
TruEra Festival: Public Pre-Sale
The very first CNFT festival opens his gates and warmly welcome you to the biggest live music project on Cardano! By minting an “Dudes” NFT you get your own virtual identity for the upcoming TruEra Festival and metaverse. At the public-presale on March 01, you'll also get a ticket to the very first livestream on Cardano for free with your Dude! The livestream will take place on on March 10. BENEFITS: 🎶 NFT TICKETING: Get access to the first music livestream on Cardano via NFTs 🎶 ARTIST SUPPORT: Support artists without middlemen 🎶 MUSIC COMMUNITY: Get connected with likeminded and music loving people 🎶 METAVERSE: full online festival experience through virtual 3D world
AcidKidz
AcidKidz
Ethereum
An ode to rave culture, to LSD and to acid vibes. AcidKidz is a cosmic, spaced-out NFT collection featuring 8008 unique psychedelic avatars for the dreamers, the ravers, the hippies, the hallucinators and for everyone that feels the call of the cosmic consciousness. Born from over 270 trippy traits, each AcidKid is on his own trip. Prepare to meet all types of trippy ravers, from the occasional techno raver to the acid guru already floating in 3021, from mind-bending highs to the darkest horror trips. The psychedelic backgrounds are divided into 11 groups of acid strains with varying intensities. While a 300 ug background can radiate a blissful breathing hallucination, a 1200 will emit a strong feeling of limitless floating in space and time. #teamACID
Spaceland Astronauts NFT
The Spaceland Astronauts is an NFT collection of 10,000 unique astronauts who evacuated the earth and live in crypto space conquering new planets and collecting resources for their holders, the astronauts give access to a series of utilities through the activation of the roadmap by the community, do not miss this adventure, visit our website and join the discord to be part of the Spaceland Astronauts universe.
Invisible Friends: Public Mint
Invisible Friends is the third collection in the series. Invisible Friends have millions of combinations of unique traits inspired by years of research by our founders. What started as a community is now something we want to share with the world, to promote Invisible Friends and the likes that it has to offer and build a family of friend enthusiasts.
Forte & Piano
Forte & Piano
Solana
A collection of 2,202 of the cutest pianos in the Solana network. We pursue one global goal - to create a blockchain-based music ecosystem using NFT.
Alien Rappers Limited Edition NFTs
The Aliens are Landing. A limited edition of 1,000 highly-exclusive Alien Rappers NFTs will be available on February 22, 2022. The Aliens see and hear all via the Solana blockchain. They are a highly-evolved species and are prepared to share their intelligence with some earth beings. They are particularly interested in helping the underdog. They thrive off of music and are landing on earth to invite select humans into their realm. Their greatest vibration occurs through sound and music reverberation. An additional 3,000 Alien Rapper NFTs will be released on March 3, 2022. The Aliens will also be released via multi-dimensional gaming during 2022.
Puff Scouts (Free Collectible Merch included with
ABOUT! Puff Scouts is a cannabis inspired lifestyle brand that specialize in fun and quality in everything that ranges from NFT, street wear, collectible cards, toys and plushy. Each Puff Scouts NFT's are custom drawn with details tailored to their names and is never randomly generated! They each have unique power, THC Level, rarity and custom quotes! The NFTs will allow you to unlock characters in future game app and create HYBREED (Hybrid) two puff scouts character making a new character! You can obtain the Puff Scouts NFT in two ways, from buying on https://opensea.io/collection/puffscouts or purchase Puff Scouts trading card packs and get lucky in getting rare cards that allows you to redeem a free NFT of that character! The rarity of each NFT cards mainly ranges from 1 of 1 to a capped limit of 42! The cards above 100 will usually include free unlockable merch that will be unlocked by the owner. You can find these cards with the [merch] properties! PUFF SCOUTS is an ever-expanding universe, which means there will always be new collectible characters joining in the party! GOTTA PUFF ‘EM ALL! ROAD MAP! PUFF SCOUTS community will get to vote on the next project! -Create more new NFT’s drops with free variants to owners! -Develop Puff Scouts game app that allows you to "HYBREED" two puff scouts NFT characters to create a new character! -Build CAMP PUFF Metaverse where we all can have a viral smoke session together! -Make an Puff Scouts Animation series show to build a even bigger community, which will make all NFT cards even more valuable! -Start a Puff Scouts Cannabis branded flowers that will be in all legalize dispensary and NFT owners will get a discounted price off them! Social Media! Check out the FREE merch that comes with the NFT's! https://www.tiktok.com/@puffscouts https://www.instagram.com/puffscouts/ https://twitter.com/PUFFSCOUTS https://www.facebook.com/PUFFSCOUTS/

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