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Aoway
Aoway
Polygon
Aoway was created with the aim of creating a strong community through a new marketing strategy using NFTs. The collections created by Aoway will give nft holders benefits and utilities at partner companies. The benefits are scaled to the rarity of the NFTs offered. The first collection will have 5,000 unique NFTs that guarantee the maximum discount at all Aoway's partner companies for the duration of the arrangements. The future collections deployed will give the holder different discount percentage, always lower than the first collection. This decision was made because the first 5,000 will create a fund to meet development expenses. The future development will include the creation of a special web 3.0 style APP useful for verifying the real possession of the Aoway NFT. The funds from the sale of NFT collections will be used to achieve the optimal business growth: marketing, blockchain developing, consulting and graphic design.
World Cup Qatar 22 NFT Challenge
The most exciting NFT Challenge for the World Cup of Qatar 22 We reimagined the concept of fantasy sports, giving fans the ability to play one-day NFT fantasy sports for real cryptocurrency Prizes. Play against your friends or against everyone, with no season-long commitment. Play daily or season-long fantasy sports and win real money. Our NFT platform is full decentralized and safe to play. 32 Teams 10 NFTs for each country. 32 countries have booked their seats in the tournament, and they will be competing head to head in order to win the most coveted trophy in the sporting world. For the World Cup 2022, there will be a total of 320 unique NFTs on the basis of a limited number of 10 NFTs each for every team which has qualified for the tournament. How to participate in the NFT Challenge: 1 — Select an NFT Ticket Team from one of the 32 available Teams 2 — Buy or earn one of the NFT Ticket Team 3 — Team NFT owners will receive rewards based on Team qualification during the World Cup of Qatar 2022 Challenge Prizes The WINNER(s) receives the total amount in USDN generated from the sale of all the NFTs sold from all the Teams of the Challenge. An additional Prize of 40K SCOneX tokens will be shared with all the NFT Team Winners.
Mutant Elder Apes
Mutant Elder Apes
Ethereum
The Mutant Elder Apes mint price is at $5 USD, with requirement of owning an Elder Apes Yacht Club NFT which can be purchased on the secondary market via OpenSea. The NFT then has the ability to be mutated to reveal your special transformative Mutant Elder Apes! Join an amazing discord and community with great utility and value for all holders, with weekly giveaways, Discord Games, Twitter Spaces with Founders and team, AMA's and much more. Current and future members are spoilt for choice with a range of different opportunities to self develop and better themselves with likeminded individuals. Non-fungible token (NFT) royalties are an important part of the blockchain ecosystem and we, at Mutant Elder Apes want to provide you your first opportunity, dipping your toes into the artwork and Web 3 environment, with an affordable collection available to all.
Aptos Bees Club
Aptos Bees Club
Other
🍯How many jars can you fill? | 1111 1-o-1 NFTs | Only 1 Aptos to join the Hive 🍯 The first ever 1111 1-o-1 NFT collection on Aptos, generated by AI and based on the collection created by our artist! That feeling when you fill a jar is one of anticipation and excitement. Sometimes disbelief. Each jar is a chance to win! 📅 Mint-date: 9th of November 🏆 Mint-Price: 1 APTOS 💥 Supply: 1111 1-o-1 NFTs 🫡 Every holder of the genesis collection will get 1 NFT from the second collection for free! 💥 Every NFT has a different role in the Hive, this will influence the Nesting capabilities and your utility! 🎉 What are you waiting for? Try your luck today and see if you can win big! 🚀 Engage to earn APT on our Discord server! 🐝 Grow the hive & earn tokens that you can exchange for whitelist, Aptos, and NFTs.
Tokoloshe
Tokoloshe
Ethereum
A witch doctor had been preparing for the day of the living dead, and his plans for a takeover are bound to happen... His plan? Unleash 5000 Tokoloshe to roam the world free. :japanese_goblin: Our flagship cc0 NFT, Tokoloshe is inspired by bantu folklore and web3, combining both in the Tokoloshe’s artwork, with the gateway being created by them. We plan to utilise Tokoloshe as our genesis mint, with the NFT itself acting as an access pass for our African Kingdom Metaverse and ecosystem, as well as getting early access to Tokoloshe Game.. As a Tokoloshe holder you will have access to free mints of future NFT projects and other giveaway's. To summarise: 🧟 The Tokoloshe will be the key to gain access to the African Kingdom! 🧟 As a Tokoloshe holder you will have access to free mints of future NFT projects and other giveaway's! 🧟 Owners of the Tokoloshe will have complete private and commercial rights to use the NFT as they wish.
Degen Dragon Cosplay Club
Degen Dragon Cosplay Club is upcoming collection of 1111 dragons on Aptos blockchain. Mint if FREE. Degen Dragon is fun and friendly cosplay artist who likes to dress in the likeness of his favorite musicians across different genres and eras. You can check previously custom minted dragons on OpenSea. The collection consists of 80 hand-drawn images with over 200 traits. Our Aptos collection will launch on 14, November, 2022 (20:00 UTC) on https://www.launchmynft.io/ Trading will take place on Topaz.so https://www.topaz.so/collection/Degen-Dragon-Cosplay-Club-1d7ef9e748 We'll be hosting our quizzes and lotto after dragons are minted out. Anyone can participate in our quizzes, but only the owners of DDCC NFTs can win the prizes, regardless of whether their NFTs are listed on secondary markets. Visit our website for more details...
Wakalandia
Wakalandia
Polygon
What is the story about? Over the Venezuelan skies, the Guacayamayas (tropical macaws) roam free to display their joyful colors as per Venezuelan culture. This is the inspiration for the Wakas, first devised in 2017 in the best-selling children's book "Where is Venezuela?" by Meollo Criollo. The message of the books is that "Venezuela will always be where a Venezuelan stands." This, in turn, inspires Wakalandia’s three objectives: 1️⃣ - To have an #NFT that represents our attachment, a unique avatar to display our cultural pride on social media 2️⃣ - To establish a community that supports the creation of content that promotes Venezuelan identity. 3️⃣ - To build up Wakalandia in the metaverse as a meeting point for Venezuelans everywhere, as a virtual space to share and attend events, concerts & exclusive parties. Introducing Wakas: Each of the 10,000 Wakas is a unique Dynamic NFT that can be equipped with more than 200 different traits - some rarer than others (such as plumage, tails, hats, shirts, and accessories). Depending on how many traits are equipped, holders will access benefits such as: 🏅 Exclusive access to Wakalandia's community and upcoming projects (some are top secret 🤫) 🏅 Subscriptions for Vivo Play streaming service (if you are in Venezuela you may even watch the FIFA World Cup!) 🏅 Season Digital and Physical airdrops This upcoming 11/11 Wakalandia opens its doors to mint its Wakas, and the first 1,111 will be free minted! Join the whitelist to become an early bird to mint your Waka and don't miss out on this incredible opportunity to learn more about Latin American culture! https://onemint.io/join/wakalandia
THE SQUARE FACES
THE SQUARE FACES
Ethereum
The Square Faces | 10K ANIMATED NFT | PVP/P2E | Battle Royale | The Square Show | Metaverse Discover the First DEFINITIVE NFT Battle Royale! The Square Faces is a non-fungible token (NFT) collection living on the Ethereum blockchain with a strong metaverse exposition and a unique Play-to-earn (P2E) mechanism, considered as a Definitive NFT Battle Royale. A community-driven NFT generated collection of 10’000 unique animated collectibles pieces living on the Ethereum blockchain. Discover The Square Show, a Cartoon Live TV Show, our P2E Arena! Winners Level-up, Looser get their Metadata frost forever! MINT on thesquarefaces.com Join our community on Discord! Free Giveaways, Whitelists and more... The Square Faces | 10K ANIMATED NFT | PVP | P2E | Battle Royale | The Square Show | Metaverse Pre-Sales Nov 10th, 2022 Discover the First DEFINITIVE NFT Battle Royale!
VR Hamsters
VR Hamsters
Ethereum
VR Hamsters - global integration of art into the metaverse using VR technology. We want to create a VR space with unique opportunities to interact with NFT. A special feature of the project is the art museum. VR Hamsters is a collection of NFTs that is the key to the world of art with the possibility of using virtual reality. For the full start and functioning of the project, 7777 NFT hamsters were created. Each NFT has the ability to mine in staking from 25 tokens per day. VRHT tokens can be used to participate in auctions and raffles, as well as to promote your own collection in the promo hall of our museum. Together with the community, the Hamsters Museum will be built, its prototype can already be visited on our website. The museum will be open to everyone who wants to plunge into the world of art. The Hamsters Museum has a key role in the metaverse, as it will leave a mark on the development of NFT art and attract a new audience for the further development of technologies and the WEB 3.0 universe. The use of virtual reality also makes a significant contribution to the development, as a result users get a unique experience, and NFT art will become more massive and attract the attention of new investors. The system of auctions is integrated into the work of the museum. The VR Hamsters team has developed a fair system of auctions, abandoning the standards of public events, the winners of which is the person who offered the highest price. Due to this, each participant has an equal chance to become the winner of the auction. Importantly, everyone can raffle their NFT and participate in the prize draw.
HEXGO 2ND
HEXGO 2ND
Ethereum
🔹 HEXGO is an exclusive and private collection of 5,000 NFT cards built on the Ethereum blockchain using the industry-leading ERC-721A token. Our silver and black cards will be minting on November 1st to complete our 5,000 collection. (Pre-reveal state) 🔹 HEXGO was created to disrupt the NFT industry and be the #1 blue-chip utility NFT to offer heavy-duty utility and powerful rewards that have never been seen before. 🔹 HEXGO is building the BIGGEST and STRONGEST NFT project ecosystem. So far, we have partnered with over 150+ NFT projects. (here) 🔹 HEXGO is the FIRST and ONLY 50/50 NFT community. HEXGO is a BRAND. Not a project. 🔹 HEXGO is very exclusive and invite only. HEXGO is an 100% internal NFT brand built with the strongest DTC alpha and whale groups. (here) 🔹 Featured on Yahoo, Fox, Bloomberg, Market Watch, Tech Times, LA weekly, Bitcoinist, Cryptopolitan, Zcrypto, and over 40 more.
Egg Token by Eggthusiasts
High utility NFT collection 💪 We have daily news, movie nights, giveaways, and we're currently hosting a contest with a prize pool of: 🏆$150 AND FREE NFTs (FP 0.24 ETH) 🏆 Holder benefits: Daily NFT air-drops 🪂 Access to weekly whitelist raffles for other projects 🤍 YouTube shoutouts in every video to you, your project or company 🚀 Only holders will be whitelisted for the next Eggthusiasts collection 🔥 Tons of gaming server and Discord server perks and giveaways 🎁 Ether is just a number, Egg is eternal. 🥚 We have two roadmaps, both for future development of Eggthusiasts and for our Egg Token collection mint milestones. 10% minted - 1 ETH giveaway for holders, Set up a Minecraft server with holder perks 25% minted - 1 ETH giveaway for holders, 25 Egg Token giveaway for holders 50% minted - 2 ETH giveaway for holders, Create a custom Discord bot with NFT features 75% minted - 2 ETH giveaway for holders, We buy and give away the cheapest Egg Tokens 100% minted - 3 ETH giveaway for holders, Daily Egg Token Air drops for holders
Sparkle Game
Sparkle Game
Ethereum
Sparkle Game ✨🕹 is a series of innovative Web3 mini-games. Players compete to gain advantage each Season and win ETH or other tokens along the way. 🔑 The Founder's Pass is now minting and is the Key to play all Seasons and Games. This pass locks-in full utility for all 5 Seasons. We are 36% minted out and the price goes from .069 ETH to .1 ETH at 80%. "Season 1: The Hunt for $WOOL October" is now playing, with up to 44 ETH in prizes in October. We are converting 70% of the mint to Wolf Game $WOOL and giving it and other prizes away to players every night in the Discord. There will be final Jackpot of over 14 ETH on Halloween! 🎃 Come join the Discord and see Raffle Bot in action and gain in-game points completing fun challenges in the Discord. Expect the unexpected. ✨ Mint → https://sparkle.game/
Hiruko Whitelist Member Weekly USDT giveaway
Phase 1 The Beginning of the Hiruko NFT Launch Hiruko Holders will be the ones to create our gaming metaverse in which they will compete for dominance, and the Hiruko identity will serve both as a guarantee of the future benefits as well as a symbol of their standing within the community. Phase 2 Hiruko Holder's Daily Battles. Holders of the Hiruko will engage in combat in our daily Free-to-Play & Play-and-Earn games to fight for the privileges bestowed on their respective kin. Significant Merch Exclusive merchandise that goes beyond the artist's design. Leveling Rewards Gaining levels enables you to access better rewards. Phase 3 Monthly Passive Bonus to Hiruko NFTs Holders Hiruko Holders are eligible to receive benefits from our partnered crypto gaming as well as the sharing of profits as the rewards for building Rome of our gaming metaworld. VIPs Events Events that are only available to royale members, both online and in person. From intimate gatherings in few culturally rich countries to massive parties, fashion events to art exhibits, and everything in between. Hiruko NFT holders will be given entry to a private club and be put on a whitelist for our future projects as a thank you for their support. Journey to the Rise of the Hiruko There will be actual real-life exclusive events held in countries around the Hiruko community. The specifics of these invitation-only gatherings will be revised and updated at a later stage. Phase 4 The Arena Online Poker tournament where winners get lucrative prizes. Airdrop Badges Subsequent NFTs and in-game assets with utility benefits. TBA. Tokenomics Tokens release. Hiruko NFT holders will receive our airdropped tokens. Evolution of Hiruko 2.0 3D NFT Avatar Hiruko NFTs are designed in 3D, we promised it will not just be a PFP, it will be your avatar in our Metaverse Crypto GameFi to maximize its utility. Building a exclusive Metaverse Crypto GameFi We are going into a world of the evolution of Hiruko…
Splendid Penguins Mint
Do you like Penguins? We do! We also love pixel art. That resulted in the Splendid Penguins NFT collection of 4500 unique penguins built on the Ethereum blockchain. One more splendid than other, all cute. Owning a Splendid Penguin entitles you to participate in the lottery with a prize pool of 25ETH. The more tokens you own, the greater your chance of winning. Unique Royal Penguin was generated with a random number, so can appear at any mint. Minter of the Royal Penguin will be rewarded with 5ETH. Penguins treats: Background: Beige, Blue, Green, Pink, Purple, Red Body: Blue, Green, Pink, Purple, Red, Yellow Gear: None, Gentleman cane, Pirate saber, Pistol, Viking axe, Wand Hat: None, Cowboy hat, Cylinder, Pirate hat, Viking helmet, Wizard hat Accessories: None, Bow tie, Cowboy shawl, Eyepatch, Grey beard, Viking beard
D.W.A - Minting Now!
D.W.A - Minting Now!
Solana
MINT IS LIVE - 0.69 SOL DON'T MISS THIS DOPE NFT COLLECTION 5K Duckz Wit Attitude ̈straight outta the pond ̈ Solanas most dangerous NFT Collection. Duckz Wit Attitude is 5,000 Collection of Duckz living on the Solana Blockchain. Over 100 hand drawn traits to make every Duck unique in its own way. The art depicts early 90’s hiphop / gang era with a modern day twist. The collection centers around 5 main characters that are leaders of the gang. Forcing a rebellion against the hierarchy and broke away from a gang syndicate on the quest to rule ‘The Pond’. Duckz Wit Attitudes - merging art, music and crypto into a one of a kind collection.
 
Mint Price is. 0.69 SOL and 0.45 SOL with DuckSkull (WL token).
Join our discord. Now, you can get free DuckSkulls by answering the survey. https://discord.gg/xbDCUaJUgh

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What are NFT Royalties? Here's What You Need to Know

What are NFT Royalties? Here's What You Need to Know

Non-fungible token (NFT) royalties are an important part of the blockchain ecosystem. Many people don’t know what NFTs are or how they work, but that doesn’t change the fact that these tokens are a major force in the industry. In this article, we’ll look at NFTs, non-fungible token royalty systems, and why you should care about them.


How do NFT royalties work?

NFTs are digital assets that are unique and owned by individuals. The tokens can be used as trading cards, digital art, digital collectibles, and more. NFTs can be traded and exchanged on the blockchain, and they can have unique attributes attached to them. These attributes typically relate to ownership. For example, an artist can create a digital painting and then use a royalty to tie the ownership of the painting to a blockchain token. If someone then buys the digital painting, they also gain the right to own the token. This is how NFT royalties work because the token acts as proof of ownership for that specific painting. You can think of it as owning a share of the painting.


Why are NFT royalties important?

NFT royalties are important because they add value to blockchain ecosystems. Artists and creators can use them to tie their work to blockchain tokens. These tokens can then be traded and used in the marketplace. Not only does this add value to the blockchain ecosystem, but it also helps artists and creators get paid for their work. People can buy tokens that represent their ownership in works of art. This means that artists can get paid when their work is sold. It also means that people get to enjoy art and other digital goods while also receiving tokenized proof of ownership.


How will NFT royalty systems operate in the future?

Because NFTs are digital assets, they can be programmed with certain functions. This means that they can have unique attributes and functions that the owner can use and control. For example, artists can program their digital art tokens to self-destruct once they are sold. This would prevent the token from being sold more than once. Other royalty systems could be programmed to allow for partial ownership. This would be great for allowing investors to participate in an artist’s work without having full ownership of the art itself. There are many ways that NFT royalty systems could operate in the future. They could work to improve the efficiency of the art industry, and they could also be used to protect artists’ rights.


Why You Should Care About NFT Royalties

As we’ve seen, NFT royalties are an important part of the blockchain ecosystem. They can help artists and creators get paid for their work, and they can also be used to protect their rights. If you like art and want to support artists, then you should care about NFT royalties. It’s not just artists that can benefit from these types of tokens, though. Collectors can also enjoy owning unique tokens that represent their ownership to pieces of digital art. That’s why everyone should care about NFT royalties. If you like art at all, then you’ll like these tokens.


Final Words: What is the future of NFT Royalties?

The future of NFT royalties is looking bright. This is because the tokens can be used for more than just art. Artists can create digital goods like paintings, music, books, and other creative works and tie them to blockchain tokens. This will allow them to get paid for their work and to protect their rights. NFTs can also be used for more than just ownership. They can also be used for voting and for governance. These are just a few examples of what NFTs can do in the future. There are many other uses for these tokens, and we can’t wait to see what happens next.

Oct 19, 2022
By NFT-List
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