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A Game Of Dragons
A Game Of Dragons
Solana
A Game Of Dragons MINT Phase One A Game Of Dragons is a multi-blockchain, play-and-earn card game where players purchase NFTs of Dragons and use them to: - Compete against other players - Battle against the game environment - Collaborate with the community to take down bosses - Become fully immersed in the fun aspects of playing the game to earn; • $AGOD coins (Cryptocurrency) • In-game cosmetics for their avatar • Other in-game resources A Game Of Dragons is a multi-blockchain, play-and-earn card game where players purchase NFTs of Dragons and use them to: - Compete against other players - Battle against the game environment - Collaborate with the community to take down bosses - Become fully immersed in the fun aspects of playing the game to earn; • $AGOD coins (Cryptocurrency) • In-game cosmetics for their avatar • Other in-game resources
DeAardiens Club
DeAardiens Club
Solana
An exclusive Solana collection of 4999 NFTs. Providing the fastest approach to NFT-Focused Educational Tool for New holders. Teaching people who are new to NFT Space what NFTs are about. We will provide them with educational material on WEB 3.0, BlockChain, Cryptocurrency, DeFi, Decentralization, Tokens, A step by step guide on how to create new NFT projects and stand out in the market, Explaining how to use cryptocurrency in this time of the market. Teach people how to trade and earn on NFTs & Much More. To become a member of the DeAardien Club, Join our community. Our NFT Project includes Giveaways, Announcements, Updates, Q&A, One on One chats with the creators, get to know more about the project from the creators. Purchasing our NFT will you access to exclusive future giveaways and a sneak peek at our future roadmap.
TheOrcs.WTF (FREE MINT)
⁵⁰⁰⁰ ᴼᴿᶜˢ ᴼᴺ ᵀᴴᴱ ᴱᵀᴴ ᴮᴸᴼᶜᴷᶜᴴᴬᴵᴺ, ᴺᴼ ᴬᶜᵀᴵⱽᴱ ᴰᴵˢᶜᴼᴿᴰ "ʸᴱᵀ" ᴺᴼ ᴿᴼᴬᴰᴹᴬᴾ "ᴹᴬʸᴮᴱ" ᴶᵁˢᵀ ᴮᵁᴸᴰᴵᴺᴳ ᵀᴴᴱ ᴼᴿᶜˢ ᶜᴼᴹᴹᵁᴺᴵᵀʸ (ᶠᴿᴱᴱ ᴹᴵᴺᵀ) ⁵⁰⁰⁰ ᴼᴿᶜˢ ᴼᴺ ᵀᴴᴱ ᴱᵀᴴ ᴮᴸᴼᶜᴷᶜᴴᴬᴵᴺ, ᴺᴼ ᴬᶜᵀᴵⱽᴱ ᴰᴵˢᶜᴼᴿᴰ "ʸᴱᵀ" ᴺᴼ ᴿᴼᴬᴰᴹᴬᴾ "ᴹᴬʸᴮᴱ" ᴶᵁˢᵀ ᴮᵁᴸᴰᴵᴺᴳ ᵀᴴᴱ ᴼᴿᶜˢ ᶜᴼᴹᴹᵁᴺᴵᵀʸ (ᶠᴿᴱᴱ ᴹᴵᴺᵀ) ⁵⁰⁰⁰ ᴼᴿᶜˢ ᴼᴺ ᵀᴴᴱ ᴱᵀᴴ ᴮᴸᴼᶜᴷᶜᴴᴬᴵᴺ, ᴺᴼ ᴬᶜᵀᴵⱽᴱ ᴰᴵˢᶜᴼᴿᴰ "ʸᴱᵀ" ᴺᴼ ᴿᴼᴬᴰᴹᴬᴾ "ᴹᴬʸᴮᴱ" ᴶᵁˢᵀ ᴮᵁᴸᴰᴵᴺᴳ ᵀᴴᴱ ᴼᴿᶜˢ ᶜᴼᴹᴹᵁᴺᴵᵀʸ (ᶠᴿᴱᴱ ᴹᴵᴺᵀ) ⁵⁰⁰⁰ ᴼᴿᶜˢ ᴼᴺ ᵀᴴᴱ ᴱᵀᴴ ᴮᴸᴼᶜᴷᶜᴴᴬᴵᴺ, ᴺᴼ ᴬᶜᵀᴵⱽᴱ ᴰᴵˢᶜᴼᴿᴰ "ʸᴱᵀ" ᴺᴼ ᴿᴼᴬᴰᴹᴬᴾ "ᴹᴬʸᴮᴱ" ᴶᵁˢᵀ ᴮᵁᴸᴰᴵᴺᴳ ᵀᴴᴱ ᴼᴿᶜˢ ᶜᴼᴹᴹᵁᴺᴵᵀʸ (ᶠᴿᴱᴱ ᴹᴵᴺᵀ) ⁵⁰⁰⁰ ᴼᴿᶜˢ ᴼᴺ ᵀᴴᴱ ᴱᵀᴴ ᴮᴸᴼᶜᴷᶜᴴᴬᴵᴺ, ᴺᴼ ᴬᶜᵀᴵⱽᴱ ᴰᴵˢᶜᴼᴿᴰ "ʸᴱᵀ" ᴺᴼ ᴿᴼᴬᴰᴹᴬᴾ "ᴹᴬʸᴮᴱ" ᴶᵁˢᵀ ᴮᵁᴸᴰᴵᴺᴳ ᵀᴴᴱ ᴼᴿᶜˢ ᶜᴼᴹᴹᵁᴺᴵᵀʸ (ᶠᴿᴱᴱ ᴹᴵᴺᵀ) ⁵⁰⁰⁰ ᴼᴿᶜˢ ᴼᴺ ᵀᴴᴱ ᴱᵀᴴ ᴮᴸᴼᶜᴷᶜᴴᴬᴵᴺ, ᴺᴼ ᴬᶜᵀᴵⱽᴱ ᴰᴵˢᶜᴼᴿᴰ "ʸᴱᵀ" ᴺᴼ ᴿᴼᴬᴰᴹᴬᴾ "ᴹᴬʸᴮᴱ" ᴶᵁˢᵀ ᴮᵁᴸᴰᴵᴺᴳ ᵀᴴᴱ ᴼᴿᶜˢ ᶜᴼᴹᴹᵁᴺᴵᵀʸ (ᶠᴿᴱᴱ ᴹᴵᴺᵀ) ⁵⁰⁰⁰ ᴼᴿᶜˢ ᴼᴺ ᵀᴴᴱ ᴱᵀᴴ ᴮᴸᴼᶜᴷᶜᴴᴬᴵᴺ, ᴺᴼ ᴬᶜᵀᴵⱽᴱ ᴰᴵˢᶜᴼᴿᴰ "ʸᴱᵀ" ᴺᴼ ᴿᴼᴬᴰᴹᴬᴾ "ᴹᴬʸᴮᴱ" ᴶᵁˢᵀ ᴮᵁᴸᴰᴵᴺᴳ ᵀᴴᴱ ᴼᴿᶜˢ ᶜᴼᴹᴹᵁᴺᴵᵀʸ (ᶠᴿᴱᴱ ᴹᴵᴺᵀ)
Bogged
Bogged
Solana
A storyline merged onto the blockchain, moulded with nothing but value and utility. Join the Bogged twins on their scandal across France and remember when there is a puamp there is a duamp 😁 The BOGGED Collection is made up of 10,000 unique pieces of art resembling the Bogdanoff twins, with valuable utility behind the work of art. 1000 pieces of art will be strongly reserved for our whitelist members and the rest of the 9000 will be held in Chapter 3 with the public mint. For ways or information on how to whitelist or any other details, please visit the designated channel in our discord. What's the utility you ask? - Instant free access to a group of high value, intellectual people - Early access to future Bogged projects - TKP token airdropped to all holders wallets Reinvestment ? - we will be using 6% of royalties to buys NFT's to airdrop into our community in hopes of helping out other projects and providing holders with additional benefits Big partnerships set in place already see you there ....
MinesRush
MinesRush
Solana
Welcome to the Mines! Best Game on the Solana Blockchain. Gamers will be able to double or even triple their Solana's. 80% of the revenue goes towards holders of this collection in the form of daily passive income. Join us now and be part of the first ever Mines game within the solana space! You will be able to play the game on both mobile and your pc so the mines experience never ends. MinesRush is an on-chain solana game, which means that every transaction is recorded and transparent. There sol transactions are all public on chain and can be checked any time. MinesRush never holds your solana and you are in complete control of your funds at all times. Every game played will charge a small 3.5% transaction fee. 3% will go to MinesRush NFT holders. 0.25% goes to house wallet to support the house balance. 0.25% goes to MinesRush team.
Sheep Club
Sheep Club
Solana
Sheep Club is a collection of 2000 unique randomly generated Sheep, stored on the Solana blockchain. Our goal is to build a perfect ecosystem in Solana blockchain with as many people as possible, forming a vast community around them with owner-exclusive benefits, a communal wallet, and a future voting mechanism. Sheep Club wallet will be One of the Largest Investment Wallets - %50 sheep Mint Revenue Instantly Transfer to DAO Wallet Sheep DAO club wallets are part of the sheep club collection. The sheep project is meant to be a long-term endeavor. With the sheep club collecting and Royalties earnings, we developed development, investment, and management infrastructures for the project. With the sheep fund, we hope to establish the sheep DAO brand. We intend to develop the Investment DAO brand by holding one of the major investment wallets in the Solana network.
Otters n' Frens: Evolution
Otters n' Frens is a gaming NFT, invading the metaverse and the F2P game industry. All Mutant Otters will be fully playable in the Metaverse. Additionally, Otter holders will receive passive F2P game revenue returns through our staking platform and revenue shares through our royalty distribution mechanic. Gen. 2 Mutant Otters will mark the beginning of our journey into the metaverse. This collection will have a very small supply of fully-rigged 3d Mutant Otters playable in AiternateNFT's Spaceship Metaverse. 3d Mutants will be obtainable through burning 2 Gen. 1 Otters + a small mint fee. Gen. 2 Mutants will reduce Gen. 1 Otter supply by 20-40%. All holders possess partial ownership of the revenue generated from our free-to-play mobile game, paid out through our staking platform.
Ape In Poker
Ape In Poker
Solana
Ape In Poker brings poker into Web3, giving you unparalleled safety and security you won’t find anywhere else. Ape In Poker utilizes blockchain technology to enable players to keep their money in their own wallet rather than depositing it inside the site, enabling players to walk away with their winnings immediately, rather than face cash-out concerns or frozen funds! Our platform also enables **communities and clubs** to hold their own cash games and tournaments, as well as allowing single players the ability to find these games! Invest in the $HOUSE, because the $HOUSE always wins ♣️ Holders of APE IN POKER will receive a weekly yield of the $HOUSE token ♣️ Earn $HOUSE coin based on how many Genesis NFTs you hold, and your card level. ♣️ Gain access to the APE IN POKER TOUR, and in-person Championship tournament in Las Vegas held Dec 28-31 ♦️ Holders will enjoy a reduced entry fee to tournaments 🗺️ We are currently licensed in Costa Rica which allows us to be a fully legal operation. 3.5 SOL
Weed Lab V2 Mint
Weed Lab V2 Mint
Solana
A collection of 2000 weed eco systems, Welcome to the V2 universe... This is a journey that will end up being one of the biggest Weed based projects on Sol, rewards include high fashion designed by award winning designer CM GENIU$... Live shows with upcoming rap stars and also earn weed strains by the end of the project at your local dispensaries.. That's right REAL WEED at your door.. Our token $grindlab will revolutionize on launch how we perceive the stoner lifestyle. UTILITIES & AIMS . #1 Crypto based fashion brand.... . #1 Weed based token $grindlab . #1 Physical Crypto trading card game . Unique staking system.. Weed Lab V2 are here to stay and our team put passion into every second on every day on this project with over 600 holders get in on the action with this exclusive mint!
BABY OBE COLLECTION
BABY OBE COLLECTION
Solana
A collection of 5555 unique pieces of little OBE representing the beginning of the journey, the birth of the project. The first of three collections where the main goal is to entertain and help its community, giving space to emerging artists and anyone who wants to join this big family that day after day grows more and more. He is still very small, awkward, and goofy, he does not know his potential, but he will find out. The whole path is based on the growth of our OBE, defined as a healer, a helper, something that supports you when you don't know where to find the strength to stand. OBE represents this for its creators and its community, and wants to give concrete help to all those who choose to be part of it. Starting from this BABY OBE, we will embark on a journey that will be of help and growth for both OBE and its owners, thanks to the events and possibilities that the OBE team and creators will make available for those who believe in them.
Meta Bears
Meta Bears
Solana
Discover 999 unique, fully animated Bears ready to take over the Meta industry! on the Solana blockchain, Staking and many rewards to our community check the roadmap. Roadmap 1.0 - Meta Bears Phase 1 - Launch Meta Bears Together with 999 Bears - Launch Twitter and Discord - Listing on all popular platforms, and adding bots - Build an organic community - OG & WL distribution Phase 2 - Secondary Marketplace Listing - Setup Holder Verification (Matrica) - Degen Lotto for a total of 15 SOL for the holders just after sold out and matrica verification - Holders exclusive giveaways - Set up fully functional staking site for your nfts Phase 3 - Setup the MetaDAO - Provide high-quality WL opportunities and Alpha - Raid to Earn - 50% of all revenue generated will be put into the MetaBear Treasury Wallet for upcoming events In Meta Bear We Trust
JUNGLE JUICE NFT
JUNGLE JUICE NFT
Solana
JUNGLE JUICE NFT is a platform for the community. We take pride in creating visuals for accomplished artists. Previous artists we’ve worked with include; Dababy, Kevin Gates, Seddy Hendrinx, Yung Bleu, Moneybagg Yo, Gucci Mane, OG BOOBIE BLACK, & many more. We created “Spliffy The Bear” to express the variety and freedom within music. Our plan is to collaborate with many artist to offer YOU, the community exclusive drops, creative content & dope ass art. Jungle Juice aims to become the premier community engagement and media service provider for artists and musicians around the world. Here are some of the things that set us apart from the competition. - Already established as a media service provider for multiplatinum artists such as Kevin Gates, Seddy Hendrinx, Moneybagg Yo, Gucci Mane, and many others - Legitimate and seasoned LLC that has already proven it can turn a profit - Core team comprised of a software engineer, two videographers, and a digital artist - Four exceptional full-time artists on staff, graduates from the University of Stockholm in Sweeden - Team already fully doxed face and name attached to the business - Self-funded from our videography business and prior software development.
Trippin Guys
Trippin Guys
Solana
Trippin Guys is a generative collection of 3,333 unique non-fungible tokens (NFTs) that will reside on the Solana blockchain. Our team has designed a diverse and inclusive selection of traits, including hair styles, outfits, accessories, and more to best represent both our world and our wonderful community. //Project's Roadmap and/ or Current Activities (I) Running Promotional Campaign On Social Media. (II) After Minting the Whole Collection, Immediately listing on Marketplace E.g. MG & OP (III) Giveaway & Airdrop to all Trippin Guys Holders. (V)Giveaway to Most Trippin Guys Holders (VI)Working on Trippin Future Projects. //Twitter https://twitter.com/TrippinGuys //Discord https://discord.gg/2G46GePN6G //Name Trippin Guys //Website https://trippinguys.fun/ //Symbol GUYS //Launch Date August 10, 2022 11:00 am (UTC)
Space Comics
Space Comics
Solana
Space Comics is a project that aims to provide a platform for all dudes enthusiasts around the world to freely talk about the news, developments, and ideas. The project is made of 1000 different NFTs of 3 Space Comics who are well known for their contributions to the development of Artificial Intelligent technologies. The main goal is to develop and pass on the legacy left by the Space Comics and support the future of project. SPACE COMICS ROADMAP 1.0: Pre-mint: ⌛️Create discord channel 🗸 ⌛️Create twitter account 🗸 ⌛️ Finalize artwork 🗸 ⏳ Fill whitelist roles ⏳ Launch website The next phase is the most exciting part... Post mint: ⏳ Each holder of a wyvern will be able to produce 5 $COMICS tokens per day. Remember: 1 $COMICS = 1 $COMICS ⏳ Utilities for the $COMICS token is already established and we are working on the contracts. More details regarding utility will be further announced post mint. It will be awesome! ⏳ Collaboration and partnerships with other blockchain games. We already have one partnership with a blockchain MMORPG which will utilize our native token as part of the whitelisting and presale process (hint hint!) ⏳ Gamification of the NFTS (still tentative) ⏳ 10% of total sales will be donated to various sheltered animal foundations. We will ask the community to vote on this one.
AIRDROP 20,000,000RRC($100,000 USDT)
Popularity: ☆☆☆☆☆☆☆☆☆ Winners: all participants Reward: 1000RRC($5U) Referral: 1000RRC($5U),2000U for top 3 each Airdrop bot link https://t.me/RavingRabbids_bot?start=MAQ6P8 1Join Telegram groups(https://t.me/RavingRabbidsWorld) and channel(https://t.me/AirdropIncome_OfficialChannel) 2Follow on Twitter(https://twitter.com/RavingRabbids_1),Like Retweet and tag the post 3Join discord(https://discord.gg/kuN83eWebe) Distribution: Immediately $RRC is the important ecological token , can be directly traded for pancakeswap or used to make money.Total 315,000,000,000 Raving Rabbids NFT APR 350% Raving Rabbids are well equipped! Dare to face death, they can not be killed at all! They are invincible in battle, submerging by numbers! Never stop until they achieve financial freedom! Wandering around online shopping, 10,000 Raving Rabbits launch from WEB3 and find themselves in a magical future 1Practical features Eco-only ticket 2Long-term benefits APR 350% always 3Refined vision Avatar-level quality 4Scarce quantity Only 10000 total

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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