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Masukus
Masukus
Ethereum
Ride the rainbow, find some coins... Welcome to Masukus! We are a collection of 7,777 unique and colorful Masukus on the Ethereum blockchain. Our project focus is on holder profits; not another pointless NFT community. Our utility is great for any NFT collectors looking to make some extra side coin. 90% of all royalties go to holders through our Pot O Gold Giveaways (weekly). ++ After 100% is minted, all legendary minters will get a specific amount of crypto airdropped to them based on the legendary they are HODLing. More utility details on our website! We are also doing our minting phase differently. You can mint anytime you'd like - we will be giving away free mint spots on our Twitter until we are 100% sold out (your wallet will go right on our contract). Thanks for checking us out!
Parallel Office Angel Investor NFT
Parallel Office is a decentralized business metaverse co-working platform for teams to connect, collaborate and develop ideas, together. It offers an immersive working experience through the implementation of cutting edge VR technology, AI and Blockchain. Parallel Office is committed to making a positive impact on the environment while reimagining how people use the metaverse for business. The $PLO token is at the heart of the Parallel Office economy. The token will be based on the ERC20 Ethereum standard; it will be needed to access many of the platform features and will guarantee its holders and users many benefits, such as discounts and rewards. To join the $PLO Token private sale you will need to get an angel investor whitelist NFT. NFT whitelist sale will entitle you to be amongst the first to hold the $PLO Token. There are 100 tickets so hurry it is a first come first serve approach. Each token gives right to purchase up to 900k PLO (16 ETH). Only holders of the NFT will have access to the private sale. There are 100 tickets with a cost of 0.1 ETH each. Each token gives right to purchase up to 900k $PLO. The 0.1 ETH per ticket is equivalent to 1000 $PLO dropped to your wallet on the day of the private sale. For more info: https://linktr.ee/paralleloffice
Space Gorilla
Space Gorilla
Ethereum
Space Gorillas is a limited collection of 1,000 non-fungible tokens (NFTs) made up of a unique combination of traits including living in the Ethereum Blockchain. Owning A Space Gorilla will gain you access to a elite group of members mining crypto and seeking rewards. First NFT To Mine Crypto Tokens Daily ! Discover hidden rewards and reveal special opportunities, or socialize with other players! Redeem your Crypto Tokens for exciting digital assets, gaming systems, tablets, and more ! ▶️ Each NFT will include a Geo Mining Account which you can mine crypto via cell phone anywhere in the world. ▶️Every single NFT unique NFT very custom traits and characters. ▶️Every single NFT unique NFT very custom traits and characters. ▶️First 100 buyers go into Drawing to win Mercedes Benz Maybach. (Worldwide Shipping Included) ▶️ The First 500 Space Gorilla NFT will include a Geo Mining Basic Card Powered by slim Near-field Communications card that can be tapped for a temporary mining rewards boost. No battery required and waterproof. ▶️ The Second 500 Space Gorilla NFT will include a Geo Mining Advanced Card for Geo Mining App. Earn x12 more Geo mining crypto tokens with this device near your smartphone. No battery required and waterproof. ▶️Holding a Space Gorilla NFT will automatically give you access to the Coin account which allows you to Geo mining daily from your iPhone or android.
Unoafro-African_beauty DROP!!
As a part of the launch of the new NFT Marketplace, Unoafro-The African NFT Space, we are giving away 😍 500 limited Edition NFTs for free and another 1000 limited Edition NFTs at 1 Matic from the collection African_beauty. Unoafro is a marketplace that connects African artists directly to the people of the world. Our platform will be a place where NFT creators and African art aficionados can buy, sell, and trade items with ease. About the collection African_beauty is a limited Edition 10K NFT collection created on Polygon Chain by Unoafro. The NFT collection portrays the African women with their unique attire. This collection not only depicts their beauty but also have a deep meaning of courage and strength. Through this NFT Collection, we are aiming to contribute funds for those organizations(more details will be announced soon) who are empowering the African Beauties. Read More: https://unoafro.com/blog/the-africanbeauty-10k-edition Airdrop Event ⏰ Event Time: September 22, 2022 - September 30, 2022(GMT +00) 🎁Total Reward: 500 Free NFT(Random) 1000 NFT at a price of 1 Matic(Random) Rewards will be available for 500 whitelisted address under Airdrop tab on the website and for the rest 1000 address a unique code will be shared to claim. 📣Whitelist Announcement: October 1st week Exact date will announce through social medias and website. Event Rules Complete all mandatory steps. Valid E-mail and Polygon wallet address must be provided. Each entry is manually verified, and those who provide wrong details or cheat will be disqualified. Contest form: https://forms.gle/KDMFKmjYJY5Lpz1r5 MORE NFT DROPS ARE COMING!
Land of Clans Giveaway
Be the first to taste the Land of Clans fantasy world, where proof-of-game only matters and everyone can become a great landlord. Early-birds can get free gems from the team – subscribe the Land of Clans social networks and enter the game! Gems are one kind of in-game resources that allow you to speed up your construction processes. Giveaway ends 5/09 10 AM GTM 50 lucky participants will get 25 gems each in a fair raffle Check Givelab and take part! About us: Land of Clans is a fantasy world, where everyone can become a great landlord. You could choose your game strategy – either farming and producing the new game assets for trade and exchange, or expanding your lands and conquesting new territories and their treasures. Each land allows you to mine gold and food, build your civilization and make wealth. But the power of the game is competition. Players unite into clans and contend for the winner’s title and reward. To take part in the tournaments one should have the true prosperous land. Only top players could get into the top league and make a big score. The epic competition has started!
HEXGO | NFT - Oct 2 🚀
HEXGO is an exclusive and private collection of 5,000 NFT cards built on the Ethereum blockchain using the industry-leading ERC-721 token. 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 100+ NFT projects. Fed up with the pump and dump NFT projects? Frustrated with seeing over 95% of NFT projects fail? Tired of seeing the same copycat NFT projects? Frustrated with watching your NFTs drop in value? Most NFT projects are created on pure greed and bad intentions. I don’t know about you, but I am getting annoyed and frustrated seeing all these NFT projects fail. I created Hexgo to disrupt the NFT industry and be the first powerhouse NFT brand to offer huge value and longevity to all members. No more pumps and dumps, No more rug pulls, No more BS. -Mike Fraleigh
Pudgy Y00ts
Pudgy Y00ts
Ethereum
Pudgy Y00ts is a collection on the Ethereum blockchain inspired by two favorite NFT projects. These contain unique style and traits to generate a collection of 8888 NFTs. Mint Date: Sunday, October 2nd Mint Time: 1pm EST Mint Cost: 1 free + 0.0035 for additional Free Supply: 2000 Total Supply: 8888 https://linktr.ee/pudgyy00ts Pudgy Y00ts is a collection on the Ethereum blockchain inspired by two favorite NFT projects. These contain unique style and traits to generate a collection of 8888 NFTs. Mint Date: Sunday, October 2nd Mint Time: 1pm EST Mint Cost: 1 free + 0.0035 for additional Free Supply: 2000 Total Supply: 8888 https://linktr.ee/pudgyy00ts Pudgy Y00ts is a collection on the Ethereum blockchain inspired by two favorite NFT projects. These contain unique style and traits to generate a collection of 8888 NFTs. Mint Date: Sunday, October 2nd Mint Time: 1pm EST Mint Cost: 1 free + 0.0035 for additional Free Supply: 2000 Total Supply: 8888 https://linktr.ee/pudgyy00ts
PUDGY PENGUIN BILLIONAIRES
These Billionaire Party Penguins are Rulers of the Metaverse! 🐧 Whales 🐋 have been migrating South aiming to catch the next 100x NFT after the first Pudgy Penguins exploded to 8 ETH! Founded by the "Fair Mint Society", these fluffy cuties offer an easy gain without risk. With such strong partners and founding team, Whales are calling this the most lucrative free mint project to hit 2022 - and are shocked the mint price isn't 1 ETH... 😱 Pudgy Penguin Billionaires is a project to tell your Frens about and HODL long term. Your only regret will be selling too early! Join the community and enter the free mint whitelist now. FREE MINT - Pudgy Penguin Billionaires Chain: Ethereum Blockchain Price is FREE Twitter: https://twitter.com/PPudgyPenguins (FOLLOW US) Date: October 1, at 21:00 UTC Website: wlnd.io/pfree
9Bean
9Bean
Ethereum
9Bean is a Free to Mint helper NFT character for the 9Cat Saga P2E Game. Formed by a spiritual connection with 9Cat himself in the Sakura Mountains,9Bean will play into the story of the second world of the 9Cat Saga game. 9Bean will follow 9Cat on his missions into the wild earning XP as you complete in-game quests. It will help you defend against enemies, with special skills and buffs being unlocked as you level up your 9Bean. Your 9Bean will initially be in an infancy state and will grow to reveal its complete form as you play through the game. How to Mint? The Free Mint is open to all users who sign up for a 9Cat Saga account and complete at least one mission into the wild. You can find all details regarding 9Bean in our introductory Medium article here → https://medium.com/@9metaverse/introducing-9bean-the-free-to-mint-9cat-companion-6b36a3582b6d Mint Date Minting will start on September 30th for Whitelisted users. Exact mint time will be shared closer to mint date via our community discord: https://discord.gg/9Cat The 9Cat Saga The 9Cat Saga is a Play and Earn 2.5D Sci-Fi Shooter/Adventure game that utilizes both the Ethereum and Polygon Networks. You will play as the lovable hero 9Cat as he scours the 9Metaverse for a cure to the Mysterious Spiritual Virus spreading from planet to planet. Shoot to survive, Finish quests, Collect items, Craft Gear and much more! Currently available for Mac & PC. For more information on the 9Cat Saga P2E game, check out our project page: https://9cat.io/
The Dons Solana
The Dons Solana
Solana
🆕️ The Dons Solana A collection of 3,500 Mafia Bosses coming to take over Solana. Blood makes you related. Loyalty makes you family. [ ROADMAP ] Our roadmap shows what we are currently working on and ready to share. We have a lot of exciting things in store that are not ready for announcement just yet and we are always looking to add new value. * Secure Grant To Kickstart Development Before Mint * Build Community And Expand The Team * Solana Money Boys x Dons Cross-Chain Analytics Tools * Further Development Of The Dons Tools * Launch Of Launchmynft Marketplace * Merchandise Warehouse * ? 🚨The Dons Solana🚨 Price : 0.15 SOL Supply : 3,500 Mint Of Launchmynft And Marketplace Magic Eden, Opensea, Solanaart And Others. A family of 3,500 Dons on the Solana Blockchain.
Gangshark NFT-club
Gangshark NFT-club
Polygon
The GANG SHARK CLUB is an NFT collection of 10000 uniquely generated bored gang shark collectibles that exist on the polygon blockchain. Each Shark is a member of the Shiver Gang of Sharks feared and rule the entire ocean and its wonderful precious treasure and peer. Shiver gangs are not Mafias: they're a lot more peaceful, but also way more cold, and ruth. Chilly Shark Gang Club weaves together art, design, marketing, merchandising, and an NFT token to create a compelling experience for fans and collectors alike. The GANG SHARK CLUB is an NFT collection of 10000 uniquely generated bored gang shark collectibles that exist on the polygon blockchain. Each Shark is a member of the Shiver Gang of Sharks feared and rule the entire ocean and its wonderful precious treasure and peer. Shiver gangs are not Mafias: they're a lot more peaceful, but also way more cold, and ruth. Chilly Shark Gang Club weaves together art, design, marketing, merchandising, and an NFT token to create a compelling experience for fans and collectors alike.
One Mint Genesis
One Mint Genesis
Ethereum
**One Mint Genesis NFT** For the past months, we have seen how the NFT has evolved from being a wild-west featured film with new projects emerging daily, to a more sophisticated ecosystem where brands and artists position themselves in a revolutionary niche. Today we are proud to announce an industry-changing milestone: launching our first dynamic NFT collection fully powered by OneMint.io - Each Genesis Character is fully customizable with special and upgradable traits, available on the "add-on" marketplace. - Add-ons are tradable on their own. - You may attach add-ons to the main token and put it all together for auction. Holders will be granted special access to our One Mint Dynamic NFT Launchpad and be rewarded with our native token $ONE (ERC-20).In order to get early access, you must follow the requirements on the form above, and you'll instantly be added to our whitelist. **$ONE Token** Special Reward to HOLDERS! Our Genesis collection will provide a staking pool, rewarding holders with $ONEFT - our native token. These ERC-20 tokens will provide users with the following benefits: - Creators will gain access to the first dynamic NFT launchpad - Collectors will gain access to a reserved supply from collections launching on One Mint - Early access to our marketplace designed uniquely for dynamic NFTs - Add-ons only mintable with $ONEFT token **Dynamic NFT Marketplace** We created the first interchangeable NFT traits marketplace with truly dynamic NFTs. With this, we aim to pave the way for a new **NFT Trait Economy**, where customizable NFTs open the doors to creativity - resulting in a new add-on marketplace. Each NFT Add-On is on its own a non-fungible token, and when attaching them to the base character, both tokens’ metadata gets merged - thus creating a new unique piece. We have not yet seen anything similar to what we do, because of the technical implication it supposed, but after weeks of research, we've **cracked the code**, now we are opening the doors to those who join our roadmap by becoming exclusive Genesis and $ONE Holders.
Meta Fokin Blinders
Meta Fokin Blinders
Solana
Meta Fokin Blinders 🎩 Project Description: Meta Fokin Blinders is a collection of 5555 NFTs on the Solana Blockchain brought to you by Tiago Paiva, that will bring HODL! HODL is the brand new revolutionary social media platform designed to allow the highest freedom of speech possible and to cater to Web3 as a whole. Gone are the web2 constraints and censorship- its time to let web3 have its voice heard and to give opportunity for everyone to make money off of social media- not just the few. As MFB is our second collection, it will give the holders access into LG DAO, giving power to the holders to vote for investments, to be paid out a % from all of our business revenues, to have access to our services and use holder-only discounts and more! 🔥 On top of that, MFB offers: -Staking for LG Points that increase your revenue share and then transfer into LG Tokens once we release our token🚀 -LG Jewels access: a jewelery brand that is discounted by 5% to holders as well as 5% of its revenue being donated towards the LG DAO. 😎 -Discounts on services and VIP Treatment in our Physical Space in Portugal, Cúpula🏡
Universal Soldiers (Free Mint)
Universal Soldiers is a pixel art NFT series made of 1,234 soldiers to collect - all 1/1 editions. Each soldier - called UniSols - has up to 14 properties (except for the 34 Special Editions that can have more properties). We established the rarity profile by developing our own proprietary code: 1,200 combinations were algorithmically generated to obtain the UniSols (the 34 Special Editions were created separately). Each UniSol was then handcrafted with care. Universal Soldiers is an OG NFT series made by CryptoJutsu. It was made early 2021 and dropped in two batches for Presale: Aug. 14th, 2021 & Dec 30th, 2021. 20% of the NFTs sold. Now, the remaining 80% will be available for free mint on OpenSea. Drop date: Sept 17th 2022. .--- --- .. -. / - .... . / ..- -. .. ... --- .-.. ... / - .-. --- --- .--. ... / -. --- .--
ARTYGEEKS
ARTYGEEKS
Ethereum
The ARTYGEEKS project aims to provide you with long-term rewards in the form of exclusive content and exciting game worlds accessible to any investor on day one. Our fundamental brand value is providing them with a unique and future-oriented Web3 experience. The NFT characters were generated using the Generative Art principle with multiple body properties and live in the Ethereum blockchain network. There are 10000 characters. Each character is different from the others, with various features such as body, background, mouth, eye color, expressions, etc., which makes it unique and unforgettable. The Scavenger Orion Game by ARTYGEEKS is an action-packed role-playing game that provides a platform for exploration of a vibrant and bright pixel world, where you will encounter exciting boss fights and challenging enemies.

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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