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Money Angels
Money Angels
Polygon
Money Angels is a new reward yielding NFT collection giving away monetary rewards (ranging from 1K to 100K) that will be airdropped periodically as the collection matures to completion. The goal is to expedite the creation of Heligin Chain, a Blockchain where liquidity cannot be pulled. Every NFT is valuable and represents utility. Certain NFTs allow Investors to pre-order nodes first. Owning a node for Heligin Chain will be a big deal as the nature of our nodes are first to market and highly unlikely to be imagined. Other NFTs grant access to whitelist and presales for affiliated projects that will launch on Heligin Chain. In addition to this, some NFTs are used as a ticket into gaming tournaments with a Gaming company we are partnered with. We strongly believe that rewarding our investors substantially will garner the attention of the cryptocurrency space, and when we launch Heligin Chain everyone will be aware.
Just a Fucking Chicken (JAFC)
Historical chicken invasion, multi-chain, multi-platform. Don't miss your chance to participate in the first real blockchain invasion. Ethereum 1-3000 FREE MINT Solana 3001-6000 FREE MINT Arbitrum 6001-6500 FREE MINT Optimism 6501-7000 FREE MINT Binance 7001-8000 FREE MINT Polygon 8001-8500 FREE MINT Fantom 8501-9000 FREE MINT Avalanche 9001-10000 FREE MINT Cronos Special edition 10$ Max 5 per Wallet We are committed to delivering quality NFTs and giving back as much as possible to our holders. We are a small team with little experience but we have a lot of determination and desire. We want to create a unique experience and promote non-fungible tokens to the world. The company is based in Canada in the city of Montreal. Prepare to see us often and for a long time in the wonderful world of blockchain technology.
Megafans NFT's
Megafans NFT's
Polygon
The Megafans NFT Collection is a unique set of 3,333 NFTs with multiple rare features, depending on which tier is purchased. There are four different levels of NFTs each building value above the one before. All NFTs earn interest at rates defined by their respective NFT-tiers from prescribed tournaments held by MegaFans allowing the holders to stake and earn from their purchase. The NFT's official presale started on September 15th and will keep selling to those on our whitelist. While they are selling, any purchased NFT can begin using their perks and will be allowed to officially start staking in the coming month. Our goal is to sell all 3,333 and make sure the customers enjoy their beautiful Megafans NFT! We work very hard every day to perfect our craft and make sure that everything revolving around Megafans and our beloved NFT and Crypto Collection runs smoothly for our entire community.
Toki Universe
Toki Universe
Ethereum
The next promising NFT trend is landing on Earth shortly, all the way from Planet Ozzury. Are you ready to hop on it and reap the benefit?
 *About Toki Universe*
Toki Universe is a one-of-a-kind and the world’s first antique-based NFT, created in collaboration with a specialty and super exclusive antique store. Our team is also making the bold jump from Web2 to Web3, just so our community can gain access to newly emerged functions and features such as added dimensions to their digital assets.
 This exciting collection of 10,000 human and animal NFT characters is built on the Ethereum Network using the ERC-721a Improvement protocol. You are invited to discover over 300 attributes hand-drawn by our incredibly imaginative artists. Each NFT will feel special and mystical as it spreads across 14 unique traits such as background, character type, upper body, lower body, pet, bag and more! 
*The Story of Toki*
Tucked away in the depth of the Orion Constellation lies one of the brightest, richest exo-planets ever known to mankind. Located in the region of 1,259 light years away from Earth, this planet is fondly known as Ozzury by its highly advanced, resourceful and mystical inhabitants – the Tokis.
 Discovering and unearthing the most precious treasures and artifacts of the Universes are the destiny of each and every Toki. From the moment they were born, they instinctively set their hearts on discovery and exploration. Their desire to accumulate the rarest treasures has led them to chance on Planet Earth. After assembling a team of the most skilled Toki Explorers, they set sail for the human-populated planet which they have given the code name 51RT8.
 Fast forward to the year 3033, the condition of Planet Earth is extrapolated by their team of Analysers to be barren – hurriedly abandoned by human beings due to over-population and exhausted food supplies.Yet what was left within the core of the planet was hope, and there are still untapped resources hidden among the vast wilted forests and the deepest depths of the oceans which have barely escaped the jaws of death. Armed with state-of-the-art excavation technology and a colossal army of 10,000 Tokis, the journey to Earth has commenced for the native race of Ozzury with the mission to track down the relics of this obsolete civilisation. The destination from the Toki Universe may be far, long and arduous, but the Tokis are hopeful and high spirited. Are you ready to join them in their undertaking as they find their way across epic destinations to discover Earth’s rarest and most remarkable artifacts and resources?   Minting Schedule
Official Minting Date: 9th of September 2022 6.00AM (EST) – 15th of September 2022 5.59AM (EST)
Super Whitelist Claiming Date: 16th September 2022 6.00 AM EST (24 hours)
Punked Goblins | Minting Now
8k goblins in the iconic punks We are punked goblins. We are free nomads with no destination living on the Ethereum blockchain. We don't care other than the 8k goblins. no roadmap, no discord. Nothing can stop us. We are punked goblins. We are free nomads with no destination living on the Ethereum blockchain. We don't care other than the 8k goblins. no roadmap, no discord. Nothing can stop us. We are punked goblins. We are free nomads with no destination living on the Ethereum blockchain. We don't care other than the 8k goblins. no roadmap, no discord. Nothing can stop us. We are punked goblins. We are free nomads with no destination living on the Ethereum blockchain. We don't care other than the 8k goblins. no roadmap, no discord. Nothing can stop us. We are punked goblins. We are free nomads with no destination living on the Ethereum blockchain. We don't care other than the 8k goblins. no roadmap, no discord. Nothing can stop us.
Nightcatz
Nightcatz
Ethereum
3,333 Nightcatz. Feed your NightCat and get rewards. Staking for holders.
JUNGLE JUICE NFT
JUNGLE JUICE NFT
Solana
JUNGLE JUICE NFT is a platform for the community. We take pride in creating visuals for accomplished artists. Previous artists we’ve worked with include; Dababy, Kevin Gates, Seddy Hendrinx, Yung Bleu, Moneybagg Yo, Gucci Mane, OG BOOBIE BLACK, & many more. We created “Spliffy The Bear” to express the variety and freedom within music. Our plan is to collaborate with many artist to offer YOU, the community exclusive drops, creative content & dope ass art. Jungle Juice aims to become the premier community engagement and media service provider for artists and musicians around the world. Here are some of the things that set us apart from the competition. - Already established as a media service provider for multiplatinum artists such as Kevin Gates, Seddy Hendrinx, Moneybagg Yo, Gucci Mane, and many others - Legitimate and seasoned LLC that has already proven it can turn a profit - Core team comprised of a software engineer, two videographers, and a digital artist - Four exceptional full-time artists on staff, graduates from the University of Stockholm in Sweeden - Team already fully doxed face and name attached to the business - Self-funded from our videography business and prior software development.
iDos Games Midas NFT collection
iDos Games is an ecosystem of Play to Earn games in different genres. Plans to implement more than 100 games, 2 games have already been released: ShootGun and 2048 cube crypto. Midas is the protagonist of the ShootGun universe. He is a representative of the race - Spartaliss. His exploits were legendary. On Spartalis, he was recognized and respected. We are happy to announce that the Midas #NFT whitelist giveaway has officially launched! Get a chance to win the legendary NFT Mint Date - August 8th The mint price is 1 Solana. All NFTs in this collection will provide you with increased income throughout the iDos Games ecosystem. We have 5 types of rarity: 1. Regular - 40% - 1X IGC Reward Income 2. Uncommon -25% - 1.25x IGC Reward income. 3. Rare - 20% - 1.5x IGC reward income. 4. Epic - 10% - 1.75x IGC reward income. 5. Legendary - 5% - Timeless VIP in all games in the iDos Games ecosystem and double the income from IGC rewards.
AIRDROP 20,000,000RRC($100,000 USDT)
Popularity: ☆☆☆☆☆☆☆☆☆ Winners: all participants Reward: 1000RRC($5U) Referral: 1000RRC($5U),2000U for top 3 each Airdrop bot link https://t.me/RavingRabbids_bot?start=MAQ6P8 1Join Telegram groups(https://t.me/RavingRabbidsWorld) and channel(https://t.me/AirdropIncome_OfficialChannel) 2Follow on Twitter(https://twitter.com/RavingRabbids_1),Like Retweet and tag the post 3Join discord(https://discord.gg/kuN83eWebe) Distribution: Immediately $RRC is the important ecological token , can be directly traded for pancakeswap or used to make money.Total 315,000,000,000 Raving Rabbids NFT APR 350% Raving Rabbids are well equipped! Dare to face death, they can not be killed at all! They are invincible in battle, submerging by numbers! Never stop until they achieve financial freedom! Wandering around online shopping, 10,000 Raving Rabbits launch from WEB3 and find themselves in a magical future 1Practical features Eco-only ticket 2Long-term benefits APR 350% always 3Refined vision Avatar-level quality 4Scarce quantity Only 10000 total
Busy Bears Club
Busy Bears Club
CRO
BUSY BEARS CLUB Busy Bears are a unique and limited collection of 2653 NFT. Each BB represent single Cronos businessman and investor belongs to huge community in Mad City. Those who will join Busy Bears community will get to know the real value of business. They will get access to smart analytical tools, will be involved in managing profits, reinvesting process to grow up the new businesses. The most active ones will get special cards that will get them to another level of financial development. UTILITIES GIVEAWAYS - Holders will automatically enter giveaways during mint time. Top 100 users that minted the highest number of BBs will enter special contest. VOTING PLATFORM - Holders will get access to voting platform on which future development path will be discussed and will have real influence BB TREASURY - There will be a community wallet filled with 10% profit. Through voting platform community will decide where those funds should go. Some part will be reserved for repurchasing BB under mint price from market to maintain the price. CLUB CARDS - Those who will mint 2 or 6 BBs will get Standard or Elite Club Card that will guarantee special benefits like free NFTs, special giveaways, and more that soon will be announced. ANALYTICAL TOOLS - Holders will have an access to smart analytical tools that will help them in their businesses
The Tennis Pro-Tour Club
THE TENNIS PRO-TOUR CLUB is made up of 11,600 unique images that live on the Ethereum blockchain. An exclusive collection of NFT hand made by Ernesto Ruiz Bry, where digital and traditional art are combined. Four different types of Membership (priority access to advance purchase and other exclusive benefits), free NFTs, free tickets to ATP/WTA tennis events, free Limited Edition Fine Art Prints, unlockable content, vote in club matters, (i/e: NFTs future picks), raffles, discount on artworks, clothing and accessories, are some examples of how much this collection has to offer. THE TENNIS PRO-TOUR CLUB is made up of young promises, active professional players, legends and regular members. Club House conversations always revolve around the same topics, players, games, technique, shots, results, anecdotes, etc. Among the most important members of the club is "The Founder", (it is said that he was with Walter Clopton Wingfield in 1873 when the foundations of tennis were laid), who in each image gives us very interesting information about the history of this beautiful sport. THE TENNIS PRO-TOUR CLUB, a wonderful way to express tennis through a unique series of NFTs.
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
Ethopia Online Public Sale
Ethopia is a medieval fantasy play-to-earn MMORPG that takes you back in time to discover sites of outstanding beauty and rich history, captivating and cradled by many legends. The world of Ethopia is divided into different kingdoms, regions, and cities. A rich story and exciting adventure wait for those whose interests are more intellectual. Find the lost stone tablets, complete quests, train your skills, craft weapons and armour, fight enemies, discover hidden treasures, join a guild, and collect valuable artifacts. The Ethopia Online NFT Chest sale is coming!! As soon as the countdown timer on the website reaches zero (0), the mint button will appear. Once you click on this, a meta mask pop-up will appear to complete the mint. Pre-sale & Public sale (mint) location: https://ethopia.online/ EO CHEST NFTs Each EO chest represents one (1) digital real-estate house, associated tier / attributes / rarities, and one (1) Ethopian Citizen Passport. For every chest you will receive two (2) NFTs. SALE SUPPLY From the 3333 chests in total, only 3300 chests can be minted during the pre-sale. 33 chests have been removed from the original sales stock and will not be for sale. MINTING DATES & TIMES - The pre-sale is set to take place on May 28, 2022. Starting at 12:00 PM - (CEST) The WL price for one EO chest is 0.05 ETH - The public sale will happen on May 29, 30 & 31, 2022. Starting at 12:30 PM - (CEST) The Public price for one EO chest is 0.06 ETH EXLUSIVE GAME BETA LAUNCH >> June 10, 2022 << JOIN https://discord.gg/ethopia-online Web: https://ethopia.online/ <<<< ---COLLECTION--- HOUSES (ERC721) Houses found in different locations of the cities are all sold as ERC-721 NFTs. Only a set number of houses will be produced for each city and are only purchasable through our sales. Afterwards, houses can only be bought and sold through secondary marketplaces. CITIZEN PASSPORTS (ERC721) The Ethopian citizen passport is your lifetime full access ticket to Ethopia online. Everyone who mints a EO chest during the pre-sale, will receive one (1) Ethopian passport for every chest that is bought. GUILD BUILDINGS (ERC721) As soon as you own 10 houses you can mint a guild building with an associated island for free (gas fee only) Each guild receives one of the small islands that surround the mainland. Guilds will provide a massive benefit for the owner, as well as for the players that joined. --- MORE GAME INFORMATION --- PLAY TO EARN Ethopia stands out from other Play to Earn games with high quality graphics and rich, fun gameplay that allows players to earn direct income from gaming through various ways. Players are finally being compensated for all the time and effort they put into the game. ADVENTURE Players can immerse themselves in different world zones, searching for loot, ancient stone tablets, training skills, complete quests, start or join a guild, participate in multiplayer adventures, fierce player battles with in-game enemies and against other real-time players. TRUE OWNERSHIP In the era of Web 3.0, the advance of blockchain technologies makes it possible for each player to have full ownership of their in-game items. Ethopia uses Ethereum to ensure a secure, and decentralized digital asset ownership that allows players to trade their NFT assets safely. ETHOPIA DAO Ethopia Online will grow into a Decentralized Autonomous Organization (DAO) An integrated on-chain open economy, driven by on-chain decentralized player governance. Holders of our governance token Ethopia ($EPIA) will have a say in the future direction of the game’s development.
Forest Industry
Forest Industry
Solana
Forest Industry is a collection of 555 animated cards on the Solana blockchain. All cards will be transferred to the upcoming game to bring it's own daily income and show their secrets! PHASE ONE📌 •Creation of a collection of 333 pieces on the Solana Blockchain.✅ •Secondary market Approval (Magic Eden, Solsea).✅ •Launch Website.✅ •Mint✅ •Maintaining the price on the secondary market and holding promotions for the distribution of Sol from the percentage of Royalties in our official Twitter.✅ •Starting an NFT game development.✅ PHASE TWO📌 •Distribute the time period for the following collections to maintain balance and price.✅ •Creating a Whitelist and privileges for it. •Creating 2 waves at 555 NFT. •Mint •Release of 5 collections for a total of 3333 NFTs •Creation of p2e game where purchased NFTs will be used. •Creation of the Onyx token as a game currency. •Game launch.
Camouflage
Camouflage
CRO
I'm a generative artist who create new worlds with ASCII, computer codes and artificial intelligence. Passionate about art and lover of the NFT community. At first, art was a hobby for me but then a whole new world of possibilities was opening for me. I learned from my experience that art is like an emotion, an expression and a deep connection between an artist and it's audience. My passion for art started at an early age, when I transformed famous paintings to ASCII art. Travelling inspires me and learning about different cultures gives me new views on the world which I then channel through my art. I will be offering a rare sculptures collection through crypto.com as NFTs by making people imagine a beautiful and peaceful place where creativity unifies and helps to heal and stimulate solutions for today’s issues. Our ultimate goal is to translate the language of mathematics, ASCII, computer codes and artificial intelligence into the language of art. It is a revolutionary approach to the act of creating art using the above approaches. Machine learning gives us a chance to perceive the world differently while using the ASCII the art become phantasmagoric that a human’s mind cannot even comprehend. Camouflage is a collection of unique mosaic paintings. These intriguing images are composed of over 1000 smaller pieces that project intricate designs and photos. The Camouflage is the collection Art in the Metaverse world

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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