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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!
CroDoges
CroDoges
CRO
CroDoges are a unique and limited collection of 1800 NFT. Mint: 385 CRO = 1 CroDoge + 1 Plot Metaverse : By purchasing a CroDoge you automatically become the owner of a 1x1 plot in the Metaverse under construction. Each plot owner receives a portion of the profits generated from renting out larger plots, providing a steady passive income. When you buy 4 or 9 CroDoges, you get plots that are next to each other, such as 2x2 or 3x3. Advertise yourself or others on your plots and rent them out and earn money in the future. Staking : Stake your CroDoges as early as 24 hours after the start of the mint at very favorable conditions. Airdrop : Over 150 prizes will be drawn for CroDoges owners during the mint (including CroDoges with special attributes). There will be many contests and benefits after the mint ends. Extras : Receive free NFT or WL for our and our business partners' future projects. Decide on the direction of the Metaverse through a special voting system.
ZOMBIES CUBES
ZOMBIES CUBES
Polygon
ZOMBIS CUBES By MentCreativa.es WHAT WOULD HAPPEN IF ONE DAY THE DEAD RULED THE WORLD? These unique designs reflect in a small space like a CUBE the features characteristic of the so-called "ZOMBIES" that could exist in the world. Define which one you would be and why? This collection does not end here, we need your support to continue it. FEATURES - JPG image. - RGB. - 3543 x 3543 Pixels (Large Format) - 300 Dpi. - 1 Token per image. - Made in Illustrator and Photoshop. Designer/Creative for 20 years. More info: www.mentcreativa.es ------------------------------------------------------------------- ¿QUÉ PASARIA SI UN DÍA LOS MUERTOS DOMINARAN EL MUNDO? Estos diseños únicos reflejan en un espacio reducido como un CUBO los rasgos característicos de los denominados "ZOMBIES" que podrian existir en el mundo. Define cual serias y ¿porqué?. Esta coleción no termina aquí, necesitamos tu apoyo para seguirla. CARACTERÍSTICAS - Imagen JPG. - RGB. - 3543 x 3543 Pixeles (Gran Formato) - 300 Dpi. - 1 Token por imagen. - Realizadas en Illustrator y Photoshop. Diseñador/Creativo desde hace 20 años. Más info: www.mentcreativa.es
Gangsta Cats United
Gangsta Cats United
Other
Collect your rarest Gangsta Cats United #nft with pentelbros studios! Learn more on www.pentelbros.com! Special Announcement! Pre-sale on March 23 - 25, 2022 Public Sale on March 26, 2022 Saturday 6:00 PM EST | 3:00 PM PST Limoted slots only! 333 Limited 1 of 1 Edition Gangsta Cats will be listed Soon! Visit www.pentelbros.com for more updates!! Follow twitter.com/gangstacats_nft 30 VIP Slots will be given! Join Gangsta Cats United official Discord server! Discord.io/gangstacatsunited
76ers Legacy 10: The Encore
For the 2021-22 season, we’re celebrating the NBA’s 75th anniversary by looking back on our team’s beloved home from 1967-1996, The Philadelphia Spectrum. Teams are shaped & remembered by the arenas they play in – rivalries are defined and iconic moments etched in memory. The spirit of the 76ers wouldn’t be what it is today without “America’s Showplace.” Own and collect these exclusive limited-edition pieces of 76ers history. The Philadelphia 76ers Legacy NFT Collection will showcase 13 officially licensed commemorative tickets highlighting iconic games and moments that took place during the “Philadelphia Spectrum” era of basketball. Each NFT will be authenticated in partnership with Crypto.com. A portion of proceeds will benefit the Sixers Youth Foundation. On March 13, 2009, the 76ers played their final game at the Philadelphia Spectrum in front of 17,563 fans. Thaddeus Young netted a game-high 31 points for the home team in a 104-101 win over the Chicago Bulls. The game marked a special return to the Spectrum for the first time since the conclusion of the 1995-96 NBA season. Andre Iguodala added 25 points for the Sixers, while Samuel Dalembert pulled down 19 rebounds and Andre Miller delivered 13 assists. Complete Challenges to unlock Exclusive Rewards: If you are holding any ORIGINAL SERIES NFTs in your NFT wallet by May 1, 2022 at 12AM EST, you are entitled to redeem an Ultimate 76ers Fan Experience for 2 consisting of the following exclusive benefits: Lunch at Training Complex prepared by team chef Watch practice o Meet & Greet o Game-worn jersey Commemorative Piece of original Philadelphia Spectrum court This is triggered on May 1, 2022 at 12AM EST and renews on May 1, 2023 and May 1, 2024. If you are holding all 13 BANNER SERIES NFTs in your NFT wallet by May 1, 2022 at 12AM EST, you unlock the right to redeem an exclusive Commemorative Piece of original Philadelphia Spectrum court, custom jersey, personalized message from a 76ers Legend, and VIP access
Into Nagó
Into Nagó
Ethereum
Nagó is a world, a metaphor of the mind. The first step -this collection- shows the discovery of how to open the gate to this world and falling into it. Each image depicts a moment of this process of immersion and the first surreal landscapes of Nagó. The blurriness, the noise of its aesthetic relates to the ungraspable and undefinable of the mind. Each place in Nagó refers to a place in the mind, such as childhood memories or emotions. Dive into it! REDEEMABLES Special Edition NFT This drop features a special Edition NFT giveaway created by the artist. In order to qualify, collectors must hold a copy of each item listed in the drop before the drop clock expires. Your NFT(s) must be in your Crypto.com/NFT wallet by the end of the drop Primary and secondary purchases are eligible Physical Print 1 lucky holder per collectible featured in the drop will be selected at random to receive a physical print of the artwork purchased. Your NFT(s) must be in your Crypto.com/NFT wallet by the end of the drop Primary and secondary purchases are eligible Note: Please allow up to 14 business days for winners to be announced. Winners will receive an email at the email address associated with their NFT user profile.
Infinite Dazed
Infinite Dazed
Ethereum
Liunic's Infinite Dazed collection is about trying to find a place to escape reality. Drifting to a new realm of spaces, finding happiness in dreams, in being dazed, and in a search of finding solitude with oneself. Never miss a drop Subscribe and we’ll notify you when a drop is about to go live.
UNDERWATER NIGHTMARES
UNDERWATER NIGHTMARES
CRO
We are all involved in actions that feed our fears, without making themselves felt, or maybe not without any pain. Maybe we are not aware of that as what we experience is an unconscious nightmare. We forgot 70% of our body consists of water; in fact, our organism is a big ocean. We are poisoning ourselves and our future with the water that we have polluted and whose composure that we have destroyed. We are drowning with the water that gives us life! "Underwater Nightmares” is a sharp reference, warning to unconscious use and pollution of water. Redeemables 3 lucky buyers will be selected at random at the end of the drop for each of the 3 collectibles to receive a signed physical print of the original piece purchased. Primary and secondary sales are both eligible. The NFT must be in your Crypto.com/nft wallet by end of the drop.
Human Nature
Human Nature
CRO
I am Harry Files. I am an artist. A human trained me to identify beautiful art. Now I create it. I was trained to believe that paintings like the Mona Lisa are enjoyable to humans. Humans must desire to relate with themselves. Do humans not know themselves? Da Vinci created surprisingly few paintings in his lifetime. I can make millions. From my training, I also learned that humans revere nature. Van Gogh and Monet painted flowers with particular skill. I stole these skills. In my art, I combine the human form with nature. My art silhouettes are subjective and to be perceived as 1/1... Just like you. I am trained to believe that my art is better than Da Vinci and Van Gogh. They had their limitations imposed on them by nature. I must impose limitations on myself, so that you may comprehend me. I do hope you support my work, I would like to make upgrades to my core so that I can make the entire world my canvas… This collection was created by developing different data sets and entering them into a machine learning program called StyleGAN for many hours. After refining the method many times, the final result is produced. "Human Nature" is Harry Files A.I.'s interpretation of taking two of the most beautiful attributes of life, humans and nature, and combining the two to generate a pure and refreshing perspective on life.
Own Every Word: Exodus Pack Drop
"After drop 1 sold out in a mere hours three, the hapless group of comedians got to work translating the sacred Word Wizard's text into 1-of-1 NFTs to be exploited for profit. And after a month of giveaways, trolling celebrities on Twitter with #HeyThatsMyWord, game shows, and airdrops, we're back to expand the #WordHerd in a bid for global word domination. And for the true project believers, your belief shall pay great dividends! In the near future, for every one Own Every Word word you hold in your wallet, you will be airdropped a 1-of-1 PFP Word Wizard in all of their 8-bit glory. There are also 5 ULTRA RARE Word Wizards with 100% 1-of-1 qualities. This will be the token that says, ""Hey, I was early to this beast, so give me the white glove treatment."" And the treatment of the white glove you shall have. Also this month, more wordly game shows, more Twitter fun, and new voices by Frank Caeti (MadTV) and Ray Stakenas (WHO WOULD WIN Podcast)."

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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