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Clay Apes Society
Clay Apes Society
Cardano
Welcome To Clay Apes Society A positive community with 1111 unique Clay Apes that living on the Cardano Blockchain! Our mission to make something special on the Cardano NFT space and bring new ideas of marketing and activity. Clay Apes Society is a project with long term vision and roadmap. We are here to build long lasting products. Clay Apes Society OGs Benefits As OG White List on all future mints. Discounted mint price on all future mints. 50% royalty share from the 1st month. Higher token airdrops ON WHICH BLOCKCHAIN IS CLAY APES SOCIETY PROJECT? Cardano Blockchain. WILL THERE BE A TOKEN? Yes, we are plannig to launch a $CLAY APES SOCIETY token and make a token airdrop for holders. The token will be listed on Cardano DEXs. WHICH WALLETS CAN I USE TO MINT AND STORE MY CARDANO NFTS? Cardano wallets(Recommended): Nami, Eternl, Flint, Typhoon, Adalite, Gero and Cwallet.
Fitness Empire Metaverse
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.
Carda Clash Metaverse
Carda Clash Metaverse
Cardano
What is Carda Clash? Carda Clash is a blockchain multiplayer Play To Earn game, In the game every player will have a field that the participants must protect in order to win the tournaments. The game will have 5 characters: Archer, Magician, Knight, Pirate, Orc(Free To Play). The goal of the game will be to protect the area with your heroes. There are few options for Carda Clash game types: 1VS1- Must have at least 5 characters. 3VS3-Must have at least 3 characters. 5VS5-Must have at least 1 characters. Pre-Launch: - Launch Carda Clash Socials Discord/Twitter [:white_check_mark:] - Community Events :people_hugging: [:white_check_mark:] - Marketing Phase [:white_check_mark:] - Partnerships/Collaborations :handshake: [:white_check_mark:] - Release Website :computer: [:white_check_mark:] - Release Whitepaper :scroll: [:white_check_mark:] - Increase the marketing team. [:white_check_mark:] Phase 1: - First Public sale of Carda Clash Characters [:white_check_mark:] - Staff expansion [:white_check_mark:] - First Public sale of Carda Clash Lands - Limited airdrop to land holders & Characters holders - Increase the software development team Phase 2: - Development of the Eco System and Staking pool - Native Token introduced - First Public sale of Carda Clash heroes. - Token Dex listing Phase 3: - Community Competitions & Tournaments - Announce VIP Airdrop details - NFT Sale Mounts - Mobile Game Update - Android/IOS(Testnet) - Launch Carda Clash Play2Earn platform on Cardano blockchain
Green Land Metaverse
Green Land Metaverse
Cardano
Green Land Metaverse - Luxury 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 . Build your own dream green land with natural energy EARN AND DONATE your GreenLand Tokens - Join GreenLand Metaverse
Fitness Empire Move2Earn
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.
Verteron
Verteron
Ethereum
Verteron is a recently explored galaxy with galaxy wide very advanced level civilization in the CautronVerse where the peace and prosper reign since almost the beginning of time. It has recently explored by the others, but we were always aware of each other like parts of collective mind with Verteron Galaxy residents, as the storytellers of CautronVerse. Now, as the caretakers of CautronVerse, we are beginning to tell the story of Cautron’s Universe with the story of Galaxy Verteron in the form of 2000 Unique NFTs on the Ethereum Blockchain with ERC-721 Standart. This story is for the residents of a planet called Earth from different universe and contains 2000 unique keys with CautronVerse’s quantum signature for entering the universe of Cautron from the gates of Verteron, the very blackhole at the center of Verteron Galaxy.
Carda Clash P2E
Carda Clash P2E
Cardano
Carda Clash is a blockchain multiplayer Play To Earn game, In the game every player will have a field that the participants must protect in order to win the tournaments. The game will have 5 characters: Archer, Magician, Knight, Pirate, Orc. The goal of the game will be to protect the area with your heroes. 🎮 ⚔️💀 ⏱️ 🏹 🧙‍♂️ There are few options for Carda Clash game types: 1VS1- Must have at least 5 characters. 3VS3-Must have at least 3 characters. 5VS5-Must have at least 1 characters. 1. What is a non-fungible token (NFT)? An NFT is a stamp of ownership on a digital asset through a “smart contract” posted on the blockchain. The acronym stands for “non-fungible token”. “Non-fungible,” means that every token is unique. Each NFT is encoded with a unique key that makes it distinguishable from all other NFTs. This means we finally have a universal way (at least on planet Earth) to recognize ownership in the digital domain. 2. What is “minting” an NFT? Minting an NFT is the process of creating an asset or transaction of an asset on the blockchain. Once minted, this action is recorded on the blockchain, a ledger that cannot be changed or manipulated. Minting is the step that begins an NFT’s journey. Once minted, an NFT can be sold or traded. 3. Recommended wallet for Cardano nfts: - Nami: https://namiwallet.io/ - Eternl: https://eternl.io/app/mainnet/welcome - Flint: https://flint-wallet.com/ - Typhoon: https://typhonwallet.io/#/ - Adalite: https://adalite.io/ - Gero: https://gerowallet.io/ 4. What is the mint date? September 2022. 5.How can I get a Whitelist spot? Whitelist information is available whitelist👔 , White list members will have 10% discount and early access to the mint. 6. Which blockchain is Carda Clash being built on? Cardano Blockchain.
Green Land Metaverse Avatars
Green Land Metaverse Avatars 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 .
I Like It XYZ
I Like It XYZ
Polygon
I LIKE IT is a pixel art , handmade BONE GUYS designs by ATHITHYA .I LIKE IT NFT, the official I LIKE IT XYZ NFT collection, is a collection of 5000 handmade pixel bone Art. we has made each I LIKE IT GUYS in the collection by hand from over 500 traits.The BONE GUYS, known as I LIKE IT, is one of Our dream project in 2022. The goal of the I LIKE IT NFT project is to present and solid I LIKE IT Community , and to fund future artistic endeavours. The I LIKE IT NFT funds are donated to the charity and our club to create Our Sub collection called " I LIKE ETH, I LIKE SOL " I LIKE IT is a pixel art , handmade BONE GUYS designs by ATHITHYA .I LIKE IT NFT, the official I LIKE IT XYZ NFT collection, is a collection of 5000 handmade pixel bone Art. we has made each I LIKE IT GUYS in the collection by hand from over 500 traits.The BONE GUYS, known as I LIKE IT, is one of Our dream project in 2022. The goal of the I LIKE IT NFT project is to present and solid I LIKE IT Community , and to fund future artistic endeavors. The I LIKE IT NFT funds are donated to the charity and our club to create Our Sub collection called " I LIKE ETH, I LIKE SOL " .We believe in you ,and trust us.
NFT-isse
NFT-isse
Ethereum
NFT-isse is a derivative mashup of Henri Matisse's quintessential works, the cut-outs, and the NFTs we love. A collection of 3072 Matisse-Inspired Vector NFTs with generative traits, palettes, and compositions. The second free mint in ART101's second series of art history themed NFT collections. Owners of our previous drop, R. Mutt, are reserved a 24 hour mint of NFT-isse for each R. Mutt owned. After the 24 hour window, all unclaimed NFTs, an estimated 1200+, will mint free to the public. Any and all donations are appreciated. For provenance, check out our in-house gallery. https://art101.io/ - Exploring Art History w/ Generative NFTs. Art101 explores these iconic 20th-century artists and movements with free-to-mint generative NFT collections. By investigating artists like Andy Warhol, Piet Mondrian, and the Bauhaus movement, we're hoping to raise the collective brow of the NFT-scene.
The ZadiPass Club
The ZadiPass 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. The Zadi Pass Club is the first one to bring tools, tips and one big community to avoid scams and get safe on web3. ZadiPass holders will be rewarded with eclusive Airdrops and Free Mint Spot on next projects! We are a DAO (Decentralized Autonomous Organization), it means that all holders will have voting power.
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
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. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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What are NFT Royalties? Here's What You Need to Know

What are NFT Royalties? Here's What You Need to Know

Non-fungible token (NFT) royalties are an important part of the blockchain ecosystem. Many people don’t know what NFTs are or how they work, but that doesn’t change the fact that these tokens are a major force in the industry. In this article, we’ll look at NFTs, non-fungible token royalty systems, and why you should care about them.


How do NFT royalties work?

NFTs are digital assets that are unique and owned by individuals. The tokens can be used as trading cards, digital art, digital collectibles, and more. NFTs can be traded and exchanged on the blockchain, and they can have unique attributes attached to them. These attributes typically relate to ownership. For example, an artist can create a digital painting and then use a royalty to tie the ownership of the painting to a blockchain token. If someone then buys the digital painting, they also gain the right to own the token. This is how NFT royalties work because the token acts as proof of ownership for that specific painting. You can think of it as owning a share of the painting.


Why are NFT royalties important?

NFT royalties are important because they add value to blockchain ecosystems. Artists and creators can use them to tie their work to blockchain tokens. These tokens can then be traded and used in the marketplace. Not only does this add value to the blockchain ecosystem, but it also helps artists and creators get paid for their work. People can buy tokens that represent their ownership in works of art. This means that artists can get paid when their work is sold. It also means that people get to enjoy art and other digital goods while also receiving tokenized proof of ownership.


How will NFT royalty systems operate in the future?

Because NFTs are digital assets, they can be programmed with certain functions. This means that they can have unique attributes and functions that the owner can use and control. For example, artists can program their digital art tokens to self-destruct once they are sold. This would prevent the token from being sold more than once. Other royalty systems could be programmed to allow for partial ownership. This would be great for allowing investors to participate in an artist’s work without having full ownership of the art itself. There are many ways that NFT royalty systems could operate in the future. They could work to improve the efficiency of the art industry, and they could also be used to protect artists’ rights.


Why You Should Care About NFT Royalties

As we’ve seen, NFT royalties are an important part of the blockchain ecosystem. They can help artists and creators get paid for their work, and they can also be used to protect their rights. If you like art and want to support artists, then you should care about NFT royalties. It’s not just artists that can benefit from these types of tokens, though. Collectors can also enjoy owning unique tokens that represent their ownership to pieces of digital art. That’s why everyone should care about NFT royalties. If you like art at all, then you’ll like these tokens.


Final Words: What is the future of NFT Royalties?

The future of NFT royalties is looking bright. This is because the tokens can be used for more than just art. Artists can create digital goods like paintings, music, books, and other creative works and tie them to blockchain tokens. This will allow them to get paid for their work and to protect their rights. NFTs can also be used for more than just ownership. They can also be used for voting and for governance. These are just a few examples of what NFTs can do in the future. There are many other uses for these tokens, and we can’t wait to see what happens next.

Oct 19, 2022
By NFT-List
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