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Ada Farm
Ada Farm
Cardano
"Ada Farm" is a Play-To-Earn NFT, blockchain-based game where players can be rewarded by plowing land, Growing and harvesting crops, Harvesting Trees, properties, and other NFT based assets with real-world value by playing the game in a fun and safe Metaverse
Ongoing Pre-Sale, LP for PiFi will be launched
Pigletz is a collectible game with DeFi elements. It is built around the main character - the Piglet, an NFT having a utility as a piggy bank where users can deposit crypto tokens and earn PiFi. Pigletz are items. A contemporary version of a piggy bank. An item that can exist in the Metaverse. And also can exist in the real world. But not in both. Each Piglet starts its life randomly minted and at level 1. Being at level 1 means that only some of its traits are revealed. In order to progress with levels and reveal more traits the owner of the Piglet needs to wait and collect PiFi (similar as eXperience Points). There are options to speed up the collection - for example by completing tasks and activating boosters. Each Piglet has its own wallet - a smart contract that is owned by the Piglet itself. Breaking is the final step in the life of a Piglet. By breaking it the owner is actually killing it, losing its NFT/collectable value, but gaining all the assets within it. One of its unique features is the option to materialize the Piglet. In order to do that the owner stakes the piglet in a specific contract and obtains a real 3D printed Pigletz figure. While being materialized the NFT is locked and cannot be transferred. The only way to unlock it is to break the Pigletz figure (in the real world) and to use the codes inside of it to unlock it. At the end the game is all about the dilemma - which is more valuable - the Piglet as an NFT or the tokens inside of it.
NFT Mystery Boxes
NFT Mystery Boxes
Binance Smart Chain
Welcome to the Mystery Boxes, a surprise NFT collection to reveal with one of many well-known NFTs. ONLY 1000 MYSTERY BOXES EXIST. Mystery NFT Boxes reveal many different collections, some more prestigious than others. Find a list below of some of the different NFTs that could reveal: Top Tier NFTs: Bored Ape Yacht Club, CryptoPunks, CyberKongz, Doodles… (50 boxes) Mid Tier NFTs: Fishyfam, Alien Frens, Crypto Unicorns, MetaHero Universe… (300 boxes) Low Tier NFTs: Mask Billionaire, Fang Gang, Free Guys, Hunnys... (650 boxes) When you unlock the content, we will transfer the NFT to your wallet. We do not accept bids. Launched on the Binance Network to reduce fees and ownership costs, the Mystery Boxes aims to take the excitement of NFTs to a whole new level! Buy 1x Mystery Box for a single reveal, and buy 5x Mystery Boxes to receive an extra special Mystery Airdrop and increase your odds by 50% to get a Top-Tier NFT in one of your Mystery Boxes.
Social Penguin
Social Penguin
Binance Smart Chain
Social Penguin is a collection of 7,777 high utility NFTs on the Binance Smart Chain. Earn passive income by receiving the HYDRON utility token.
Crypto Pablo
Crypto Pablo
Binance Smart Chain
Crypto Pablo is a limited collection drop special for Binance Users. Crypto Pablo is a collection of NFTs— unique digital collectables living on the BSC. Crypto Pablo holders will participate in exclusive events such as NFT giveaways, BNB raffle and Crypto Pablo model giveaway. Every holder of Crypto Pablo will be able to participate in weekly giveaways and contests. Send the proof of owning Crypto Pablo below the pinned post on our Twitter to get access. Pablo, Crypto o Plomo! @nftion.art
Pigletz NFT
Pigletz NFT
Binance Smart Chain
Pigletz is a collectible game with DeFi elements. It is built around the main character – the Piglet, an NFT having a utility as a piggy bank where users can deposit crypto tokens and earn PiFi. Pigletz are items. A contemporary version of a piggy bank. An item that can exist in the MetaVerse. And also can exist in the real world. But not in both. Each Piglet starts its life randomly minted and at level 1. Being at level 1 means that only some of its treats are revealed.
YOLO PARROTS
YOLO PARROTS
Binance Smart Chain
A unique NFT collection of 10k 3D pieces of art underpinned by 4 different economic principles, each with its own source of value creation. 1. Each NFT is supercharged with 400 $PNT. Burning the NFT releases the underlying tokens while making the other yoloParrots scarcer. 2. Collect a flock of 10 yoloParrots to run a pNetwork node 3. The collection is part of @HexagonsGame cross-project initiative. A multi-chain socialmedia-based game where yoloParrots battle against their friends
Badass Ape
Badass Ape
Binance Smart Chain
Badass Ape Guild is not just a PFP project. Each Badass Ape doubles as a guild membership card. Badass Ape Guild's footprints will be all over the metaverse, and you are the founders of Badass Ape Guild. Badass Ape Guild contains a total of 3333 Genesis NFTs. (sold out)
BORED APE V.I.P. #0165
BORED APE V.I.P. An enlarged and customized variant of the "Bored Apes NFT Club" collection. A total of 1000 unique and different V.I.P. consists of characters. To its owners V.I.P. Offers membership. 10% : 200 BUSD draw. 30% : 400 BUSD draw. 50% : We are releasing the apes. 3 Ape are randomly dropped to Apeholders by air. 70% : Apeholders special V.I.P. raffle for t-shirts. A special mystery box. 100% : For all future projects V.I.P. members will be privileged. @nrlnft for more details ...
Pepe The Frog #181
Pepe The Frog #181
Binance Smart Chain
Pepe The Frog is a frog community built on the Binance blockchain network. Their purpose is not to damage the network. They struggle to exist freely in the NFT world. In total, 400 Pepe's will enter the Binance blockchain network at regular intervals. As soon as all Pepe's are released, the countdown begins and 400 Pepe's are expected to be fully sold. When all Pepe's are sold, collectors are rewarded with various events.
ULAND - NEXT MINT DROP of Tier 2 Land Asset NFT's
Want to join a GameFi MetaVerse where you can buy NFT's that earn you passive income? ULAND is The First Virtual Land, Revenue-generating NFT Platform Built on the Real World! In ULAND you can buy virtual land such as USA, France, California, Tasmania, London, Rio De Janero... every location that exists in the Real World, exists in ULAND. 🌍 When you become a Land Holder, you generate passive income through transactions of our native $ULAND Token. Everytime our Token is bought, sold or transferred, YOU will get a percentage of that transaction! It literally pays to becoming Land Holder in ULAND. It's been 12 weeks since we opened to the public and all of our Tier 1 (Countries) Land Asset NFTs are Minted. 💯 We are at the 3rd wave of our Tier 2 (States/Regions/Provinces) Land Release. It's still early days and Land Holders have already made huge 💲💲💲 on their investments. You are buying the building blocks of our MetaVerse where our soon-to-be-announced PTE Game will take place, which will pave the way for more passive income, utility and future NFT's. Hurry, because Mints only happen once at a low price!
Crypto Guys and Angry Beans
1xNFT marketplace. Angry beans collection is 10k nft which was first created on this platform. Crypto Guys is a limited NFT pixel art collection 10000. Crypto Guys created on BSC blockchain. Each Crypto Guys is unique in its own way, featuring 170 different traits from skins, clothes, eyes, head, mouth and items. A first-hand purchase is already open.
MiniBTC ARMY
MiniBTC ARMY
Binance Smart Chain
Welcome To The MiniBTC Army - 10,000 uniquely hand-drawn and algorithmically generated NFTs 2 characters: Human & Alien 4 Destinations: Solar System, Moon, Futureland, Earth 10,000 NTFs were generated from over more than 1,800,000 variants All 10,000 nft are completely unique We are Ready to conquer 4 locations in our NFT Game in March
Enjoy AI Art Key Collection
Artificial Paintings announces a new drop a new collection of NFT-paintings on Binance. The paintings will be used as keys for the company's upcoming VR metaverse. Artificial Paintings is an innovative art gallery specializing in paintings made by artificial intelligence. After its foundation in 2020, the company quickly gained attention thanks to its novel approach to visual art and the remarkable quality of the AI-created paintings. Works from the Artificial Paintings gallery are available for sale both as NFT and in a traditional physical format, printed on a canvas. Recently Artificial Paintings has begun the construction of its own VR metaverse. Along with that, the company has released an extensive collection of AI paintings in non-fungible token format at the Binance marketplace. Part of the funds raised by selling the collection will be used for building the metaverse. As for now, 4500 unique paintings are waiting for their customer. A fascinating collection of abstract artworks have been created using a novel GAN model. During the last six months, the model was trained on an authentic dataset consisting of the works of prominent painters. 150,000 works of abstract art underwent a long and meticulous process of manual selection and preparation for machine learning. Another technology was implemented to grant paintings with maximum details without using vector format. The price of NFT paintings in the collection starts from 190$ per piece. Each minted painting can be printed on a canvas and sent to a customer with an authenticity certificate for an extra cost. All of the owners of artworks from the new collection will enjoy the special benefits of the Artificial Paintings metaverse once it's launched. Every NFT painting will serve as a key for valuable artifacts and provide various accesses to secret locations. Paintings and videos from previous collections will also play their role in an upcoming metaverse.
Dragonary's Exclusive NFTs
Introduction to Dragonary ​​Dragonary is an NFT-game powered by Coinary LTD, launched on August 7th, where players battle and compete with their Dragons in the enchanted lands of Dragonarya. It’s all about tactics, strategies, and skills. In Dragonary, users can buy and sell NFT Dragons and collectibles. The former can vary in stats and, therefore, in rarity. Since its launch, Dragonary has reached more than 1 million users and +100K downloads in Play Store in only 3 days. Currently, there are +200K monthly active users. As Coinary’s purpose is to make a real game and not a clicker, the goal is to attract real gamers, regardless of their expertise on crypto. Dragonary is a free to play game, and you can have a great experience on Android, Mac and Windows. Also, if you want to become a Play-To-Earn user, you can invest a certain amount to reach Rare or higher rarities. With this, you will earn CYT (Coinary Token), the official governance token of Coinary’s Ecosystem. This is Dragonary Dragonary is an NFT-game where players battle and compete with their dragons. Users can buy and sell NFT Dragons and collectibles. The main goal is to reach people who already knows crypto world as well as those who don't. Dragonary aims to be a real game more than a clicker where you can earn money. You will battle with your dragons against your enemies or your friends, as you prefer. Competitiveness is what we want to encourage into the game and into the players, that's why PVP is a really important feature of the game.

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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