Browse Upcoming NFT Drops, NFT Events & Marketplaces

NFT Giveaway

Bored Lion Apes
Bored Lion Apes
Ethereum
The Bored Lion Apes project is a story where our BLA community is united on an island that combines both the beach and the desert within the Web3 Metaverse. The island will surely unlock you many perks and rewards. Our BLAs sure are bored, but love life, YOLO! They’re very chill but once they’re revealed to the public, they surprise you with their sarcastic and humorous attitude.   The community will parade around the island and discover the beach, markets, cafes, and more attractions while letting the investors see the value of their BLAs increase by creating a Play-to-Earn gaming experience and thus, collecting rewards through a new lion token. The BLA community is all about creating a fun, chill and interactive environment to make you feel a part of us. With a variety of traits, our diverse Bored NFTs will rise to the occasion to make your thrilling experience beyond the expectation.
Espresso Box Club
Espresso Box Club
Ethereum
Espresso Box Club is a collection of 5,000 unique characters. The NFT grants access to holders-only benefits. This perks can include daily specials, private events, discounts and more. Espresso Box is planning to open 10+ Coffee Shops by 2030, Coffee manufacturing and distribution and Espresso Box Club Renting platform.
TUS NFT - HUB, P2E, novel & more
🖼️ Art ・🫶 Narrative・🪄 NFT Utility ・🎮 P2E Synthesizing unique art with a compelling storyline & NFT HUB. We're building the future of tomorrow, today. TUS NF Mint of Season 1
ONLY 875 NFTs WL Price 0.07 ETH (max 3/wallet) Public mint 0.09 ETH (max 10/wallet) 🎉10 FRE MINT + 150 Whitelist spots🎉 1️⃣ Follow us on Twitter @survivorsnft 2️⃣ Tweet about us and tag @survivorsnft 3️⃣ Complete the form https://forms.gle/4JrRztfKbhk415JdA The Ultimate Survivor is more than just a game, it's a community that helps build & develop within the NFT space. Our primary goal is to deliver a fantastic, compelling, and engaging P2E game based on an apocalyptic storyline. We also have an incubator to grow & develop other projects and give access to whitelists for all of our NFT holders. TUS FORGE
 - the first utility of TUS NFT project 💪 Accelerating projects with TUS support 🚀 Pitch Deck Creator with pro tips 👥 Advisory & experts for your project 🎉 Premint lists with verified collectors & more ✨
Giveaway - Launch of OpenMountain marketplace
Giveaway - Launch of OpenMountain marketplace OpenMountain, formerly Lago, is a NFT marketplace which describes itself as a retailer of high-quality NFTs: “Our team focuses on high-quality NFTs. The overall NFTs market is now overwhelmed by fake and counterfeit NFTs. We propose you NFTs that will be easily resalable. We act as a NFTs retailer!”. OpenMountain incorporates a clean and easy-to-use interface, making it a good tool for NFT beginners. The website allows you to purchase advanced resources among an important panel of NFTs in various categories. You can purchase NFT either by direct purchasing either by making a bid. A major advantages over OpenSea is that OpenMountain allows you to purchase NFTs for a fair price (less than 1$ or very often less than 0,1$) which is a very affordable solution. All NFTs of OpenMountain are strictly selected which mean that you do not have any fraudulent material compared to OpenSea. Drawbacks are that you cannot put for sale an NFT on OpenMountain. In fact, you have to purchase an NFT on OpenMountain and then to resell it on another platform if you want to make money. I heard that they recently added the feature to resell your NFTs on their platform but it needs to be checked. Talking about drawbacks, OpenMountain, despite its high-quality NFTs, does not propose yet a large panel of NTFs as OpenSea, that is quite logical as they just started their business. But, NFTs are added often. To celebrate the launch of our marketplace, we offer free NFTs. Claim your FREE NFT through the link below.
Lil Thugz Zombie Crew
Lil Thugz Zombie Crew
Solana
We are Lil_Thugz_Zombie_Crew. The creation of a limited NFT that allows its owner into a private group within the real world and the Metaverse. As the crew grows the rewards become bigger of cash payouts to luxury weekends away. LTZC is a maximum collection of 10,000 Lil Thug Zombies each with a unique design making it highly collectible. They live on the Solana blockchain. Your Lil Thug Zombie is more than just an NFT. It is also your membership card, this will open many doors within the real world and also the Metaverse granting you access to rewards, competitions, and extravagant private events and parties. Future areas and perks will be unlocked by progression through the roadmap
Lil Thugz Zombie Crew
Lil Thugz Zombie Crew
Solana
We are Lil_Thugz_Zombie_Crew. The creation of a limited NFT that allows its owner into a private group within the real world and the Metaverse. As the crew grows the rewards become bigger of cash payouts to luxury weekends away. LTZC is a maximum collection of 10,000 Lil Thug Zombies each with a unique design making it highly collectible. They live on the Solana blockchain. Your Lil Thug Zombie is more than just an NFT. It is also your membership card, this will open many doors within the real world and also the Metaverse granting you access to rewards, competitions, and extravagant private events and parties. Future areas and perks will be unlocked by progression through the roadmap
Nanocrypto NFT
Nanocrypto NFT
Polygon
The nanos have been living for thousands of years on nanoworld, a small planet located in the universe, they live in harmony with nature. 🔥 Welcome to the NFT project roadmap: nanocrypto NFT 🔥 This collection is one of the big projects of the server for the year 2022 All NFT holders will be part of the nanocrypto FAMILY, but you can have EVEN MORE benefits depending on the rarity of your NFT! PHASE 1: FIND NANOWORLD ➜ 🌎Locate nanoworld in the universe ✅ ➜ 👨‍💻Create Website & Social Media Accounts ✅ ➜ 📈Pre-launch nanocrypto Marketing Campaigns✅ PHASE 2: CAPTURE NANO ➜ 🧸100 nano available to captured (MINT). ➜ 📈Expanded Marketing Campaign ➜ 💎Rarity Chart revealed PHASE 3: 100% NANOCAPTURED ➜ 🌟Influencer Partnership Announcements ➜ 💸Shipping the 1 ETH Cash Prize to 3 lucky Winners ➜ 📈Available on one Secondary Market PHASE 4: FIND OTHER WORLDS ➜ 📈nanocrypto new drop launch ➜ 🚀Thanks to the study of nano, we have determined that other planets colonized by nano's existence. PHASE 5: SECRET ➜ ??? ➜ ??? ➜ ??? ➜ ???
AVTL-VERSE
AVTL-VERSE
Ethereum
AVTL is an NFT and Metaverse project born out of Avital’s desire to create a win-win community with her supporters. Enjoy access to Avital’s personal life like you’ve never seen before, and benefit from Avital’s success. WHEN YOU PURCHASE AN AVTL PIECE, YOU’RE NOT JUST SUPPORTING AVITAL… You’re making an investment in the booming digital economy, joining an exclusive rewards club, and opening future opportunities to join Avital in the Metaverse and benefit from her business success. All AVTL-holders also automatically gain partial ownership of Avital’s future headquarters in the Metaverse: a digital skyscraper called THE TOWER that blends business and pleasure. Think floor after floor of Avital’s fitness and luxury lifestyle shops, exclusive leisure experiences and even your own lavish Metaverse residence. THE TOWER’s commerce floors will be open to the public, so while you’re lounging in AVTL “first-class,” the floors below will be bustling with customers from all over the world.
Ryborg: The Bunker
Ryborg: The Bunker
CRO
Ryborgs are not just extraordinary art pieces. You are gaining membership access to a bunker full of benefits and offerings happening in the real and digital world. These exclusive perks will increase over time. These Ryborgs are your direct digital identification and represent your status in our bunker. Our NFT offer existing utility (discount to trading servers) right after launch. Backed by TradingFXVPS is a 7 years old company with vast trading experience with proven records. A money-making NFT run by DAO and the first DAO NFT to be launched on Crypto.com #NFT #cro #Crofam #NFT #NFTs #NFTart #digitalart #nftartwork #nftdrop #nftcollectibles #cryptoartist #nftartist #nftcollectors #nftcommunity https://www.instagram.com/tradingfxvps_official/ https://www.youtube.com/c/TradingFXVPS https://twitter.com/TradingfxvpsO https://www.facebook.com/tradingfxvps https://www.tradingfxvps.com/nft-vps/#team website https://discord.com/invite/EQ8hKJSBK8
Bored Spirits
Bored Spirits
Ethereum
Bored Spirits is located in one of the most beautiful capitals from Europe, London ! Every character from Bored Spirits is connected to our NFTElementals.Com concept. We aim as high as a headshot in FPS games. Bored Spirits has created a way to unite all the Web3 Entrepreneurs in one Smart Community with dedication and loyalty supplied. Regardless of your financial position, we welcome everybody to the board. Our intention is to make things happen for the ones being underprivileged, too. Yes, things will take turns in our Brand and any community member, could potentially have his life changed significantly, before they even realize it We are a community brought together by a collection of 2555 Bored Spirits (114 Pure Drawn traits + 3 Rare Bored Spirits, Space, Assasin and Egyptian) to make the most unique Art & Design in OpenSea. We are a talented team of open minded people with boundless energy and great future plans for our Brand. Joining us means you are part of the very First NFT Brand that will create the most exciting Esports Org on Twitch, and many other great utilities available on the website. Presale for the community will be 0.05 ETH  Everybody is welcome in our Dark House!
Kozuki
Kozuki
Ethereum
- Roadmap ✅ Kozuki holders can get Pixel_Kozuki NFT 1:1 ratio by Airdropped ✅ 1) OTT market entry and animation We will bring our project into the OTT market as an animation. Animation can be a mid- to long-term project. When changes are made to the animation, all characters included in the changes are updated and their metadata is included there. ✅ 2) Airdrop of governance coins through NFT snapshots We plan to airdrop our governance coins after taking a certain snapshot to our NFT holders. With our governance coin, you can vote for direction in the community and serve as an in-game currency for the future metaverse. ✅ 3) Fashion wearables and goods Goods will be distributed to holders, streetwear, dolls, live-action figures, key chains, accessories, etc. It will be made in many varieties. In addition, we plan to sell products on Amazon, and the proceeds from this will also be invested in NFT's marketing. All of our OGs can receive street wear and live-action figures. ✅ 4) P2E metaverse We will start making P2E games with our own game engine. It is thought to be released in the first half of 2023, and the form of the game will be an online MMORPG. 1) Jack - Founder of KOZUKI NFT project - Project planning 2) Juniel - Chief marketer of KOZUKI NFT project - Project Marketing, Community Responsible 3) Tetsuya - Artist of KOZUKI NFT project - Character rebalancing and design 4) Jason - Developer of KOZUKI NFT project - Responsible for project development
Dragoverse NFT Pre-Mint!
Dragoverse (DRGV) is a Collection of 10.000 Animated NFTs (The Metagons!). They are stored as ERC-721 tokens on the Ethereum blockchain. All images are securely and permanently stored in IPFS. Each Metagon is unique. There are no duplicate items in the collection. 🧨FREE WHITELIST ENTRY NOW ON DISCORD!🧨 【🔥】Became a Trainer, take part in a fantastic Adventure with us! 【🫂】Make new friends, meet other trainers and NFT enthusiasts. 【🎖️】Discover all members benefits, obtain prizes with Giveaways and Community Events. 【🌎】Discover our amazing long-term Roadmap. 【🚀 】Enter a fabolous universe of multi-platform games. 【💰】Share your Dragoverse NFTs, make offers or trade them. 🌍OUR ROADMAP!🌎 10% ➞ First Nfts Giveaway 25% ➞ Second Nfts Giveaway and Promotion Campaign 40% ➞ Development of the first game begins! 50% ➞ Introduction of DRGV Token 75% ➞ Introduction of staking 100% ➞ Breeding, Evolutions and More!
ClashPets Mint
ClashPets Mint
Ethereum
We will be minting 10,000 Clashpets passes that will guarantee you 60+ NFT’s during the next 12 months as we roll out in-game mechanics. These passes allow you to receive an airdrop for upcoming in-game NFT Pets, PFP’s, Land, Farm Seeds, and Marketplace items. The idea behind this is that we will have a raffle allow list for 10,000 passes and holding the pass will allow you to receive airdrops without having to be active or interact in a gas war. Having a Genesis pass means you will receive 60+ NFT’s that will immerse you in our ecosystem without having to keep purchasing additional drops or mints to enjoy the game’s full experience. You can expect to receive 3 Pets, 1 PFP, 1 Watch, 1 Deed to a land parcel, many seeds for your farm, as well as marketplace items like potions and experience shares too! Pass holders can expect Alpha Access to game developments and new releases. Feel free to check out our Whitepaper to learn about the campaign story mode and more expansive details and what`s coming!
FanTiger Early Access Waitlist
FanTiger has raised $5.5 million in a seed round led by Multicoin Capital 🔥🔥 Early access waitlist opens now 5,000 free limited-edition NFTs Register NOW! 🚀🚀 https://fantiger.com/ Our vision is to bring ownership of digital collectibles to everyone by empowering artists and their fans to engage with each other in a technologically advanced marketplace for digital collectibles. By purchasing FanTiger NFT you will get the access to exclusive communities. You can buy the music NFTs of your favorite artists at a special discount price access to exclusive offers as we announce in the future. At FanTiger, Artists get the ability to establish a deeper relationship with their fans, taking control of their career by enabling fans to fund their creativity and launch music independently. What's more, this is the first time in history when the Artists will have a fanbase that is properly incentivized to market a song, which will create wonders in setting new milestones for song success.
Glody Knights NFT Mint
IRL rewards based of the NFTs rarity. Upgrade it and earn more! Guiding & launching space for the new Era of NFTs artists & creators. GlodyKnights is a collection of 6,500 Knights and Warriors, entirely unique and randomly generated, on the Ethereum Blockchain. With over 200+ hand drawn traits inspired from the well known legendary heroes and being led by Glod knowledge, all Knights and Warriors are ready to protect the Metaverse. GlodyKnights means a unique Story that keeps unfolding, each individual Knight or Warrior can live a normal life or choose his own fights in the Metaverse, but they will prosper only if they fight as an elite troop or live together as a community. IRL Items based of nft rarity Knights and Warriors Family The Forge - Hybrid Online Store Glody Kingdom Verse

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