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Mintable

Clock Boys
Clock Boys
Ethereum
Clock Boys are a collection of clock characters designed by SE Architect MiloFromFuture and minted as NFTs. Very similar from your clock at home, their standard bases are brought to life and constructed from various accessories, colours facias, arms, legs, backgrounds and, of course, their own random times shown on the clock itself. Get your very own limited edition Clock Boy soon. Algorithmically produced, the Clock Boy NFTs are all completely unique and generated using a combination of over 170 characteristics along with a variety of rarities within their categories. Each Clock has the potential to its own unique numbering too, formatted and ranging from 00:00 all the way up to 99:99. Clock Boys are a collection of unique algorithmically generated clock personas designed by ex.SE architect MiloFromFuture and minted as NFTs on the Ethereum blockchain. These 1st generation of 10,000 clocks from a potential of over 2 trillion possibilities and are built with unique timings, facias, labels, accessories, arms, legs and backgrounds with some rarer than others and some of extreme rarity! Clock Boy owners will get exclusive access to Gen.2 NFTs, Clock Girls. There will only be a collection that is limited to the number of unique holders of Clock Boys (i.e. 6414 holders = 6414 NFTs). We will continue to create art and work on developing & growing our community and the Clock brand. We look forward to opening an online gift shop with an array of products & collectibles that will include actual Clock Boy alarm clocks along with other items like apparel, stickers, and more! We have many ideas for the future of ClockBoys, so join us on this journey as we launch our project and expand the ClockBoys union. Join our Discord to have a voice on our roadmap. This is your project too.
MetaGreta
MetaGreta
Ethereum
We wanted more with our NFTs and had an idea that we should try to encourage people to give more to important organizations. Therefore, to get “signed” into our whitelist you are encouraged to donate a optional small contribution to the eco-friendly organization Greenpeace. We are not associated with Greta Thunberg or Greenpeace, but we like the idea of 6000 unique MetaGreta’s in the metaverse protecting the earth, encouraging and being a character with different traits. Greenpeace as organization is chosen for it views on climate change, deforestation, overfishing, commercial whaling, genetic engineering, and anti-nuclear issues. We will also each month donate to Greenpeace through royalties earned by minted and sold NFT’s . Technical details: Our NFT’s are on the Ethereum blockchain as a unique, non-fungible token (NFT) made up out of a unique combination of traits and underlying “DNAs”.
SAKURA Collection
SAKURA Collection
Other
SAKURA is a surprising collection of 1,500 NFTs by Sakura & Koyomi on Velas Blockchain. Launch scheduled for June 4, 2022. There will be announcements and surprises throughout May 🎁. Don't forget to participate in the current giveaway 🔥 The Velas Blockchain is an Ecosystem of Decentralized products that allow anyone to feel the benefits of blockchain technology. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fitness Empire Metaverse P2E
First of all we want to introduce ourselves , Our team is build of a number of people from a several countries who want to do good to the world of the blockchain and Metaverse. Fitness Empire Metaverse CEO is from Austria while the main developer is from Hungary, They met several years ago at a ski resort in Hungary. You could say that's where the idea of ​​Fitness Empire started. It is important to note that we chose to develop on Cardano since one of the development members is a very important figure in Cardano community (which will be published later), and also of course since Cardano is a very convenient network for programming and the fees are low. The goal of the project is to create a world in which not only will you be able to play and earn these but also produce sporting activities while being worthwhile. For the purpose of the example, after the sale of the land sale and in the final stages of development, we will release sneakers to our land holders, every kilometer you will walk / run will provide you $FitnessEmpire token. Fitness Empire will be the central place where not only athletes will earn and learn, It will be also a health center. For example chefs from around the world will be able to do workshops on healthy food and enjoy from earning $FitnessEmpire token. Of course the landowners will also receive benefits by mint and hold they own lands, Every commission in Fitness Empire will be as a monthly income to they own wallets, and there are many more surprises we are preparing for you, stay tuned to our Discord and Twitter.
Wooly Land
Wooly Land
Polygon
Wooly Land is a collection of unique volleyball NFTs--- unique digital collectibles living on the polygon blockchain. This collection is about the expressions of my virtual character named wooly- the volleyball ... I have played with colors and tools to create fluff. The wooly land is the land of expression. It does not matter what is the color and size of the wooly, the only things that matters are the mood and expressions. It is 100% hand-drawn original art in different colors and sizes each representing unique facial expressions and daily life moods. You can have your own wooly depending on your mood. Are you Happy? Sad? Angry? Excited? Shocked? I can’t wait to find out. The project is in starting phase right now and the floor price of the collection is 0.047 ETH, but the prices are still negotiable. There is a total of 10 characters right now out of which three characters are already sold, so do not wait and get your wooly today. Weekly sales are also available, so stay connected and follow our Twitter account to get the latest updates. Mint & join the colony today.
Green Land Metaverse P2E
SECOND LUXURY PUBLIC SALE ON 20th MAY 2 PM UTC The project's development team is German. Our goal of the project is of course to develop the limiting world - Metaverse. Since the moment Cardano published the smart contracts we knew this is the network that we were going to develop the next GreenLand Metaverse! The reason for this is because we still live on an earth that has existed for thousands of years when there are many factors that pollute it. The world is advancing to green energy, but no less important is to give awareness and donations through the metaverse to the real world to advance the field. Our future of the parallel world is certain, it is important to give the younger generation an awareness of the importance of preserving the planet, this is the main reason we started the project! In our metaverse you will have the opportunity to build a greener world, houses, energy, commerce, rivers by which you will get REWERD in our GreenLand Token . Build your own dream green land with natural energy EARN AND DONATE your GreenLand Tokens - Join GreenLand Metaverse
Squid Academy
Squid Academy
Solana
A class of 10,456 first-ever Squid NFTs ready to defy! Community-driven and utility-centered! Fair mint on 17 May at 20:00 UTC. class of 10,456 first-ever Squid NFTs ready to defy! Community-driven and utility-centered! Fair mint on 17 May at 20:00 UTC. class of 10,456 first-ever Squid NFTs ready to defy! Community-driven and utility-centered! Fair mint on 17 May at 20:00 UTC. class of 10,456 first-ever Squid NFTs ready to defy! Community-driven and utility-centered! Fair mint on 17 May at 20:00 UTC. class of 10,456 first-ever Squid NFTs ready to defy! Community-driven and utility-centered! Fair mint on 17 May at 20:00 UTC. class of 10,456 first-ever Squid NFTs ready to defy! Community-driven and utility-centered! Fair mint on 17 May at 20:00 UTC. class of 10,456 first-ever Squid NFTs ready to defy! Community-driven and utility-centered! Fair mint on 17 May at 20:00 UTC. class of 10,456 first-ever Squid NFTs ready to defy! Community-driven and utility-centered! Fair mint on 17 May at 20:00 UTC. class of 10,456 first-ever Squid NFTs ready to defy! Community-driven and utility-centered! Fair mint on 17 May at 20:00 UTC. class of 10,456 first-ever Squid NFTs ready to defy! Community-driven and utility-centered! Fair mint on 17 May at 20:00 UTC. class of 10,456 first-ever Squid NFTs ready to defy! Community-driven and utility-centered! Fair mint on 17 May at 20:00 UTC. class of 10,456 first-ever Squid NFTs ready to defy! Community-driven and utility-centered! Fair mint on 17 May at 20:00 UTC. class of 10,456 first-ever Squid NFTs ready to defy! Community-driven and utility-centered! Fair mint on 17 May at 20:00 UTC.
MetaCenter P2E Metaverse
We want to create an opportunity for everyone to pursue their dreams and achieve success. To do that, we need to build a Metaverse world where anyone can open their own business. Meet with colleagues for Future Collaborations (B2B) in Meta center and build your success. Once our Metaverse world is ready for release, we want to create a "MetaCenter currency" that will be used for the transactions between businesses and people. Each landowner will receive monthly passive income by holding property in the "MetaCenter"! There will be a fixed transaction fee of 0.1% in the MetaCenter that will go to our staking pool, that will be given at the end of every month, as an airdrop for all property holders in the MetaCenter. Check Discord for more information. In the future, we envision that any property owner will have the freedom to lease or rent their private property to other people who are either willing to open their business in the MetaCenter or are just looking to enjoy all the privileges of Meta Center! While this metaverse project is still in its early stages of development, we are eager for what is to come. This digital world that we have been working so hard to build over the last year will only succeed with the love and support of the Cardano community.
3D Collection of NFT Avatars by BLVCK Paris
Blvck Genesis II is an NFT collection of 9,999 Blvck avatars living on the Ethereum blockchain. With hundreds of artistic elements, high fashion traits and monochrome aesthetics, each avatar is crafted by French designer and founder of global lifestyle brand, Blvck Paris. - Major NFT projects collaborations by Blvcking out avatars - Partnerships with WEB2 brands with a claim to limited edition physical products to be paired with their avatars for rare Blvck Genesis NFT holders. - Launch of the first Blvckverse event in one of the Blvck stores Blvck Phantoms Introducing the rarest 10% of the Blvck Genesis NFT collection, the Blvck Phantoms. Characterised by their wings made of light and shining grey skin, the 999 Phantoms roam freely in Blvck City. Blvck Phantoms remain emotionless and live without feelings. The project is led by Blvck Paris, global lifestyle fashion brand founded in 2017 by French designer, Julian O’hayon, endorsed and supported by an engaged community with millions of social media followers and customers worldwide. Blvck is known for its ‘All Black’ clothing, accessories and digital goods. From visual content to merchandise, Blvck strives to pioneer an aspirational lifestyle pursuing quality and design. In 2021, the brand opened stores worldwide in Tokyo, Miami, Taipei, Taichung, Hong Kong and Macau and collaborated with tech giant, CASETiFY. In the NFT space, Blvck previously introduced three NFT drops on MakersPlace and held an event on Decentraland.
The Wacky Dog Club
The Wacky Dog Club
Polygon
The Wacky Dog Club Aims To Build A Community Of Conciencious Human Beings Pulling Toguether To Bring Awareness And Support To Those Suffering With Mental Health Issues Such As Anxiety And Depression . Our Community Welcomes Wacky Geniuses, Daredevils, Zealots, Financially Savvy And Successful Humans. Come Join Us To Make The World A Better Place... Metaverse’s First NFT Collection With Custom Boosts And Ranking System. Collect Your Wacky Dogs Now ! To Take Part In Exclusive Metaverse’s Projects. By Getting These Wacky Dogs You Will Have Following Benefits : NFT STAKING & BABY NFT GENERATOR ! Through Getting Wacky Dog NFTS You Will Be Able To Stake Them To Earn Annual Yields + You Can Also Lock Them For Certain Days To Get A Baby NFT As A Reward From The Same Collection MULTIVERSE By Getting Access To Wacky Dogs You Will Be Able To Get Access Into Multi Metaverse's Projects. These Wacky Dogs Can Help You To Perform Various Tasks Based On Thier Working Capacity & Rank. P2E GAMES Through Wacky Dogs You Would Be Able To Take Part Not Only In Our P2E Games But Others Also.This Will Be A Game Changer In The World Of Metaverse
Karma Cats Metaverse
Karma Cats Metaverse
Ethereum
Karma Cats is an NFT collection with the vision of offering holders ownership in a real business. 5,555 delightfully cute cat NFTs living on the Ethereum blockchain each represent ownership in Karma Labs, incubator and launchpad for world-class international yoga retreats and lifestyle apparel brand. Our NFT is jam-packed with extraordinary utility for holders, giving you not only access to real-world experiences and exclusive merch, but actual ownership roles in a real business. Founded by entrepreneurs who have already been running these exact business models with success, the long term value for holders is guaranteed. Our mission is to raise the collective vibration through epic community, retreats, and swag. Join us on this joyful Web3 journey and let's take these cats to the moon.
NFT Whitelist Sniper
NFT Whitelist Sniper
Solana
NFT Whitelist Sniper is the first DAO that seeks to select top-tier NFT projects in Red Solana to provide investors in this fantastic world with a safe investment. The second generation will be 2222 NFT that will have the utility of entering the DAO, our private Discord for information on new projects and the whitelists of successful projects, according to the TIER they obtained in the mint. The first generation of NFT Whitelist Sniper will be 444 NFT Founders Edition, which will be used to expand the work team, allocating 70% of the royalties to the remuneration in their wallets to the holders in $WLS or SOL tokens WLS Holders will have the opportunity to access directly and proportionally to the access level of the access cards, to the whitelist of the projects with which we are in constant collaboration. Giving you a safe and fruitful MINT.
Green Land Metaverse Second Land Sale
The project's development team is German. Our goal of the project is of course to develop the limiting world - Metaverse. Since the moment Cardano published the smart contracts we knew this is the network that we were going to develop the next GreenLand Metaverse! The reason for this is because we still live on an earth that has existed for thousands of years when there are many factors that pollute it. The world is advancing to green energy, but no less important is to give awareness and donations through the metaverse to the real world to advance the field. Our future of the parallel world is certain, it is important to give the younger generation an awareness of the importance of preserving the planet, this is the main reason we started the project! In our metaverse you will have the opportunity to build a greener world, houses, energy, commerce, rivers by which you will get REWERD in our GreenLand Token .
Global Village Metaverse
The idea to build the project started few years ago when the development team was on a family vacation. When one of the chief programmer's kids started playing all day on his laptop and his dream was to get somewhere else and meet his good friend who is on the other side of the earth. That is Global Village ,Our goal is to create a virtual world where people can meet, play, make business, buy a property with each other. Every Global Village citizen will be able to build his own dream house on his land or even to open his own dream business like bar, school, club , store. By buying a land you will have all the tools to edit that however you want.
1st NFT Pack Drop - MotherPlants
MotherPlants is a gamified version of DeFi that features high-utility NFTs. Each unique NFT is immersive, game-ready in MotherPlants MiniGames, and interoperable with external Metaverse projects. Players can collect immersive 3D magical plants and other NFTs from the MotherMarket, stake tokens to earn token rewards, and even breed cultivars to get better rewards, all with an easy-to-use interface. At MotherPlants, NFTs are transformed into game-ready digital asset collectibles that can grow in rarity (value) when players actively tend their garden. With a dynamic system of increased game play and functionality for NFTs, MotherPlants not only attracts liquidity (like most DeFi protocols), but it also retains liquidity. Furthermore, by building on Polygon’s Layer-2 solution, gas fees on transactions for DeFi’ers and NFT collectors are significantly reduced. Welcome to HashPlants, where magical plants and other game-ready items are minted as NFTs with their own DNA, their own actionable features, and their own vibe. Players will be able to acquire rare plants and other immersive NFT items in the MotherMarket to use in-game with HashPlants’ MiniGames, as well as across multiple external Metaverses like Roblox, Wilder World, Sandbox, Decentraland, etc. They can build a collection, grow their gardenscape, and even breed better plants to increase APYs. Players may buy and/or lease growing plots to grow their magic plants and stake $MOTHER tokens to increase yield. $EED tokens are used for breeding plants, buying new NFTs and for in-game rewards. All transactions in the MotherMarket are automated through smart contracts, as described in the Technology Chapter. HashPlants provides a full spectrum of game participation with easy gameplay for newcomers and deep gameplay for skilled DeFi gamers. All users will have ample opportunities to play and collect NFTs that have a high level of utility and lasting power, as well as grow their herbarium, harvest and earn

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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