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Ethereum

Neko Nation
Neko Nation
Ethereum
Neko Nation is home to catizens and their nekos. Unique NFTs living on the ethereum blockchain. Project’s Roadmap and /or Current Activities Neko Nation NFT Roadmap 25% NFT GIVEAWAYS As a thank you will be giving away Neko Nation NFTs to lucky community members. 50% METAVERSE NATION Have purchased land and are in the works of building a nation in Cryptovoxels. Fellow Catizens may dip their feet in the Onsen Town and stand a chance to have their art displayed on the city billboards. 75% MERCHANDISE STORE Will be opening a merchandise store in Neko Nation where Catizens can shop till they drop. MERCHANDISE STORE Will be opening a merchandise store in Neko Nation where Catizens can shop till they drop. 100% EXCLUSIVE TOYS When all nekos have found a home, Neko Nation will be releasing premium toys available only to our dear catizens/holders
ZADI PASS CLUB
ZADI PASS CLUB
Ethereum
With the growing number of scammers in the Crypto universe, a group of 3 friends, specialists in cyber security, developed a tool capable of analyzing the reliability of websites even before accessing them, ensuring the integrity of your data and coins when browsing the web3. Zadipass is more than a pass, it's a community of enthusiasts who want to feel safe browsing the internet. Even with the emergence of new scammers daily, Zadipass prevents and guarantees the reliability of accesses and even makes the full report available for analysis. Decrease Scam rate within Web3, bringing awareness to Community Members through tips, metorships and tools capable of keeping our holders safe while browsing the NFTs and Crypto universe. Through the voting power granted to our community members, listen to the requests of the holders and we will create 2 more features for our members daily use.
THUG CITY P2E
THUG CITY P2E
Ethereum
Welcome to ThugCity!🏥 A Play-To-Earn staking game on the Ethereum blockchain where Cops and Thugs compete to earn $BILLS. A desolate city in no man's land In the dead of the night, a war is at hand ⚔️ Cops are ready and guarding their posts👮‍♂️ Thugs are lurking in the shadows ghosts👻 In the name of $BILLS, which side will you be on? 🔥 A once lonely and monotonous city sees a new darkness advancing upon it. A wave of Thugs are planning to take control over the city and everyone within it... but not if the cops have a say. The Thugs began construction on a bridge, connecting their safehaven to the mainland. At first, the Cops welcomed the Thugs and allowed them to reside and populate the city. In return for this gesture, the Thugs posed as respectful and law-abiding citizens, at least while they plotted their attack. Soon after, the Cops realized the Thugs intentions and began to add reinforcements to the city. The Thugs took this personally and began to accelerate their plans. War has commenced. Which side will rule ThugCity?
Bearded Buddies
Bearded Buddies
Ethereum
We want a long-lasting community with a clear collective goal: to connect entrepreneurs, investors, and the best teams in a professional networking space centered around innovative projects. Our mission is to facilitate all the tools for every entrepreneur that needs to develop their ideas within the community.
M4RABBIT MINT
M4RABBIT MINT
Ethereum
M4RABBIT MINT AUG.3rd One year in development and now is the time to reap the most rewards and hold the highest OG status of the M4RABBIT project. Let’s go! This is the Founders collection drop! 888 collection size. Doxxed team bringing high quality 3D art of space war fighting rabbits. Beautiful and deadly armor with weaponry, golden armors and legendary traits this collection was special created for the first M4 OG holders. OG holders receive the highest OG status with boosts throu the life of the project. All holders from this collection will be dropped free NFTs from phase 2 the female rabbit and phase 3 the mutated rabbit. ERC20 token utilized in your M4 virtual world. Following this collection sellout will be M4 virtual world free land drop! Get into the gaming and staking inside of the M4 Metaverse.
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
AMA Announcement
AMA Announcement
Ethereum
We are pleased to announce that @BookofGates1 will have its first-ever AMA in our discord community! Join us as @AlexanderBlack_ shares his vision with our community and explain the Book of Gates NFT in detail! 1- The “Book of Gates” is based on ancient Egypt religious documents. “It narrates the passage of a newly deceased soul into the next world, corresponding to the journey of the sun through the underworld during the hours of the night.” It is all about the Trading Game Collection of 10,008 Characters NFT’s. 2- The Book of Gates website is all about the Trading Game Collection of 10,008 Characters NFT’s. Click on Book of Gates for more details. 3- Alexender Black is the writer and creator of Book of Gates. He has done massive research on the hidden facts found in the Book of Gates, Visit the link for more details.
Apeshibanati
Apeshibanati
Ethereum
APESHIBANATI is a collection of 10,000 Apeshib NFTs—unique digital collectibles living on the Ethereum blockchain. Your Apeshib doubles as your APESHIBANATI membership card, and grants access to members-only investment opportunity, the first of which is access to Apeshib Swap, a DEX. Our goal is to build a complete ecosystem around the metaverse and Defi with a playful heart. We will be using the community fund to buy properties in the Sandbox and Decentraland to offer a ground of exchange for owners to mingle and profit from the metaverse. Future areas and perks can be unlocked by the community through roadmap activation. We are a member-centric community and we would seek ways to be more inclusive for new joiners to participate in the Apeshibanati. We hope to help Bonana expand popularity and expand the Apeshibanati into a bigger community.
The MetaBirbs Podcast
The MetaBirbs Podcast
Ethereum
An AMA Style Podcast Project For The Curious Minds of Web3 In a tree between the real and digital world, lies a tree. Within this tree, a broadcast originates. A podcast, controlled by all the birbs who live there. They come together as one voice and mind, asking questions to interesting and well known individuals and then broadcasting the answers for all to see and hear. Your MetaBirb NFT acts as your voice within the think tank community. Allowing you to submit and vote on the questions asked during each AMA style podcast, as well as giving you live access to the interviews. Participating holders will be rewarded in ETH and NFT opportunities for their contributions. Guests are well known and interesting individuals from MANY different fields of study. To earn an invite to the closed Discord, follow and interact with the questions and riddles posted on Twitter. Many surprise events will occur on the socials before mint day. Podcast will be available on most podcast platforms (Youtube, Spotify, Apple Podcasts, Etc.)
Harpytownwtf
Harpytownwtf
Ethereum
No discord, no roadmap, just harpies, 10,000 harpies, they are fly and shit from the sky. Pre-sale: SOLDOUT Public Sale: Jule 17th, 12:00 UTC / 08:00 ET
Meta Pattern
Meta Pattern
Ethereum
Meta Pattern The First Fully AI Created NFT Collection ROADMAP Phase 1 The Mint is Starting On 12th of Jul the minting is officially starting! The Voting is Unlocked The Voting in our Discord Server is open now! Everyone is open for new Ideas, ideas which can change the world! All Winners Are getting their prizes! You have an Ultra Rare NFT ? Congrats! You are getting free Ethereum! All Holders are having chance to win FREE NFT Vote and have a chance to win an NFT from our next collection! Holders Are Making Their Fist Vote It is time for the true supporters to get their part of the project. Everyone Holing 3 NFTs is eligible for the vote! Phase 2 COMING SOON Price: 0.04ETH; 4444 Unique NFT's Randomly generated by AI; 444 Unique Traits; Mint Date: 16.07.2022; Blockchain: Ethereum;
Devo Royal Court
Devo Royal Court
Ethereum
Devo Royal Court is a collection of 9666 unique demon NFTs fighting to become the next demon lord of their Metaverse. Owning a Devo makes you a shareholder of the project and you may benefit from various utilities and perks. Each Devo is randomly generated with over 6 trillion possible unique combinations. They come in different colors, bodies, faces, clothes and accessories. When you purchase a Devo, there are more benefits than just the profile picture. You also become a sponsor for the Devo. Each Devo gives you a vote to steer the project in the direction you want. More benefits will be offered over time as Devo Royal Court grows. ROADMAP: Phase 1: Invasion Launching the first series consisting of 9666 pieces at 0.0666 ETH, each with 0% royalty. Devos will be revealed after selling out or July 6, 2022 This phase’s goal is to gather funds to implement utilities. The first 2 mints will be reserved for giveaways. At 66 sold -Mints 3-66 would enter a raffle (1 ETH) At 111 sold -Mints 3-111 would enter a raffle (2 ETH) At 333 sold -Mints 3-333 would enter a raffle (3 ETH) At 666 sold -Mints 3-666 would enter a raffle for 2 legendary Devos that grant them extra perks for the future and a special reward at the end of phase 1 At 999 sold -Mints 3-999 would enter a raffle (5 ETH) At 1111 sold -Mints 3-1111 would enter a raffle (6 ETH) At 3333 sold -Mints 3-3333 would enter a raffle (7 ETH) At 6666 sold -Mints 3-6666 would enter a raffle (8 ETH) At 9666 sold or July 6 -Live events or other rewards decided by the community. -Special rewards for holders of the 6 legendary Devos (2 ETH each) OUR VISION AND VALUES Build a big close-knitted community of visionaries and risk-takers Give back to the community Continuous value to our holders Not relying on royalties for income Create a place that blurs the line between the physical and virtual worlds. Establish a profit-generating business with Devo owners as shareholders
Miningverse NFT
Miningverse NFT
Ethereum
NFT that mines bitcoins. We have mines of more than 500MW hashing power operated around the world. Through NFT, we provide you with an efficient, safe, and legal source of virtual assets. There will be a collection of 10K unique AncientPunk NFTs with more than 500 traits. We will be launching 1000 NFTs in the Genesis collection first. Becoming one of our genesis holders will grant you access to the Miners lottery. We will be giving out in-game miners which is connected to real life miners to 100 lucky winners. The total value of these miners are 230K USD. Then we have whitelist minting and public minting. The NFTs will be playable characters in our P2E game. Holding an AncientPunk NFT grants access to the game. The game is already 80% developed and will be live within a week or two after the public mint. We also plan to list our token on major cryto exchanges in the near future.
Sleepy Sniper Society
Sleepy Sniper Society
Ethereum
Sleepy Sniper Society is a private collection of 7,777 Sleepy Sniper NFTs -- original digital collectibles, stored as ERC-721 tokens on the Ethereum blockchain. The Sleepy Sniper Society NFT grants its holder a large number of benefits. It allows the holder access to a suite of six advanced trading tools, entry to our premier events & tournaments to win prizes, NFT staking, and passive $SLEEP token generation to establish or join a guild to earn rewards for your trading successes. You will also have access to a wider community of traders to collaborate and share information with. Holders will also enjoy the unique, hand-crafted art by the artist for the world-famous heavy metal band 'Sabaton.' Join a driven and focused group of individuals, building a rewarding community for snipers with multiple benefits and utilities for holders!
Mister G Club
Mister G Club
Ethereum
Mister G is a symbol of good vibes. A community-focused project that celebrates creativity in all of us. A powerful community belongs to everyone. An extraordinary collection of 10,000 NFTs that grant you exclusive access to the Golden Tree –a fruitful place where personalities of all kinds gather together to exchange novel ideas, build exciting projects, and share powerful resources! Enjoy exclusive Mister G merchandise, IRL community activation, and exciting partnerships with rising NFT projects, as we cultivate a positive culture shifting the Web3 community. Join our social media channels. Spread the word, and rope in friendly creators, nerdy brainers, marvelous misfits and every weirdo who shares our passion for Web3, art and culture. Together, we are Mister G. Together, we are better.

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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