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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.
Saudi Birds
Saudi Birds
Ethereum
5,555 Saudi Birds are MAX BIDDING. Every Saudi has its own bird. Pre-Sale: SOLDOUT Public Sale: July 30 at 21:00 UTC
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.
Wooly Land
Wooly Land
Polygon
Wooly Land is a collection of unique volleyball NFTs--- unique digital collectibles living on the polygon blockchain. This collection is about the expressions of my virtual character named wooly- the volleyball ... I have played with colors and tools to create fluff. The wooly land is the land of expression. It does not matter what is the color and size of the wooly, the only things that matters are the mood and expressions. It is 100% hand-drawn original art in different colors and sizes each representing unique facial expressions and daily life moods. You can have your own wooly depending on your mood. Are you Happy? Sad? Angry? Excited? Shocked? I can’t wait to find out. The project is in starting phase right now and the floor price of the collection is 0.047 ETH, but the prices are still negotiable. There is a total of 10 characters right now out of which three characters are already sold, so do not wait and get your wooly today. Weekly sales are also available, so stay connected and follow our Twitter account to get the latest updates. Mint & join the colony today.
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
Cat.Jpg
Cat.Jpg
Cardano
Cat.Jpg Collection is combination of Utility & Holy Cause. So collect from Collection of 4,444 Cat.Jpg to Become Part of Community which is sheltering cat & educating people. Let's Collect to Feel Yourself at Peace & spread Peace & Love. logoMINT Cat.Jpg Spreading peace through NFT's STORY A young artist was wandering around to find the inner peace he was looking for a state of calm which he could feel within himself. Once at a park, He was thinking about multiple ways to reach at the state of calm & then there he found a weak cat which probably haven't eat. He just picked the cat feed & shelter it & felt that peace for which he was wandering. Then he felt People need education about the adoption of cat & decided to build the community to spread education about the adoption & to shelter cats.. Cat.Jpg Collection is combination of Utility & Holy Cause. In Artist's country about 80% cats are stray. So collect from Collection of 4,444 Cat.Jpg to Become Part of Community which is sheltering cat & educating people. Let's Collect logoMINT Cat.Jpg Spreading peace through NFT's STORY A young artist was wandering around to find the inner peace he was looking for a state of calm which he could feel within himself. Once at a park, He was thinking about multiple ways to reach at the state of calm & then there he found a weak cat which probably haven't eat. He just picked the cat feed & shelter it & felt that peace for which he was wandering. Then he felt People need education about the adoption of cat & decided to build the community to spread education about the adoption & to shelter cats.. Cat.Jpg Collection is combination of Utility & Holy Cause. In Artist's country about 80% cats are stray. So collect from Collection of 4,444 Cat.Jpg to Become Part of Community which is sheltering cat & educating people. Let's Collect
King's Art
King's Art
Cardano
NFTCALENDAR King's Art unverified April 21, 2022 – April 26, 2022 Website Twitter Discord Marketplace URL Marketplace: Crypto.com Blockchain: Cronos 10 Limited Edition Minted unique NFT consisting of Angel's of Red Rose, which live in a parallel world of the metaverse that intersects with the real world. They are made of light, incredibly strong and powerful, and also submissive to their owner in everything. Heaven's angels guard you and protect all coins in your wallet. Get one of them, and luck will always be on your side! Made by King's Art King's Art always growing Available Marketplace Crypto.com https://crypto.com/nft/profile/kaluramkhorwal?tab=created Gate.io https://www.gate.io/nft/collection/699/Kingsart Rarible.com https://rarible.com/user/0x3869c5c8dc981ef0e22d79b547a993563930c5dc/sale Coming soon NFT Marketplace list FTX.us Wazirx.com Binance.com Opensea.com
METAPANDA
METAPANDA
Solana
PRESTIGIOUS NFT OF 3,000 METAVERSE-READY METAPANDA You are so early! come take part in one of the most promising upcoming Solana NFT projects in the industry. Over $10,000 in rewards and giveaways, a free 7x just by minting as well as the first 1,000 minters will be rewarded. We're a team of 5 CRYPTO/NFT enthusiasts planning for make a revolution on NFT on our upcoming years, and starting with this project that we're planning to integrate it on Metaverse World with activities based on our community's preference. and more coming features that we will reveal it on the right moment for it. We will integrate our NFT on Metaverse in the near future as soon as possible when we'll buy land spots from sandbox and Decentraland, also we will create a MetaPanda Casino which will be played with MTP Coin (METAPANDA COIN) and also we want gain trust from our community so after the mint finish we'll do some Giveaways and Airdrops. This is our way of saying thank you for believing in us and joining us on our mission to the top
Voyage 01 - Planets (Future of Color)
A collection of 200 1-0f-1 photos of planets made by mixing different liquids, amounts of air, and beautiful post-production work. First collection of the Future of Color universe, founded by a professional photographer. Each NFT has utility, including Special Discord access, exclusive merch, automatic whitelist for other FoC mints, Voyager pass NFT airdrop, and more. We will build a metaverse gallery. A building present in many different Metaverses. What gets displayed in the Gallery, is up to our community. Our holders will have the chance to nominate any art or project they enjoy. Anything they want to shine more light on. Our community will vote on the submissions, and the best ones will be displayed in the Gallery. This way, we will help promote and advertise art, organically. First collection dropping on the 13th of April, through crypto.com/nft/ Mint price 200 USD
CryptoHood Club
CryptoHood Club
Ethereum
CryptoHood Club is a collection of 13,653 generative NFTs. The collection is focused on quality art with 200+ colorful traits and variations. We call NFT Crobin. Crobin is like “Robinhood” of Metaverse. Each Crobin is a unique NFT that lives on the Ethereum blockchain. Each Сrobin’s owner becomes a full member of CryptoHood Club with the right to vote for future projects, amazing utility, content, and experiences. There will be 6 rounds of NFT sales. We plan to mint 10,000 NFTs in 5 rounds, each round opens new perks, rewards, and achievements. The price of NFT will grow each round. So early you get Crobin is cheaper for you. Once 10,000 Crobins are minted, that will activate CHC DAO mechanism. Additional 3653 NFT will be minted during 10 years, one Crobin a day. 50% of sales will go to DAO Treasure over 10 years, that’s a warranty for all of us that CHC is a long-term project. The Treasury fund will be used for creative ideas and projects that develop our Crobin ecosystem.
The CatKinsons $PURR Season 2 - Mr. CatKinson
The CatKinsons $PURR is the CNFT Collection of $PURR, the Original Cat MeMe Token on Cardano! Season 1 featured Mrs Catkinson and on 31st of March, we will drop Mr. CatKinson! 1000 unique CNFTS! Our Ultimate Goal is a P2E Battle & Breeding Game! Join the Cat Fam now! STAY $PURR!

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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