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OpenSea

BloCakes
BloCakes
Ethereum
The first thing that separates our project is our art. It is unique, cute, and it fits the purpose of our project. We also already have planned the roadmap for the next year and half which shows that we are looking at our project for the long term. In addition, the roadmap will be fully transparent to our community, they will be able to see real time updates along with future tasks. We are going to be entering the gaming space but not with developing a game, instead we are going to make custom Blocakes gaming accessories, host gaming tournaments for holders with prices ranging from cryptocurrency, merch, and in game currency, and will be looking to partner with a gaming organization as our project grows which nobody has ever done as of today. We are also going to build true financial sustainability by creating our Ecommerce store that will be in all the major platforms like Etsy, Amazon and more. This is going to bring passive income which will be put towards our community, the growth of our project, and charity. We will be getting into the metaverse to create a space for our community to flourish both on IRL and in the Metaverse.
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.
The Legend of BigBoss Public Sale
They called him BigBoss. He was a mysterious player known for being a particularly brilliant technologist as well as a great artist. His renditions of historical figures adorned yachts, mansions, and palaces all over the globe and throughout the metaverse. His infamy as a ruthless cartel kingpin only added the art’s value, but like all things that burn brightly, his flame just as soon burnt out. Leaving behind only a mystery, and a missing fortune... The world's first mystery game played only by trading NFTs and using your collaborative brain power. This is a game for pioneers. It features prizes, bonuses, collectibles, and a private holder community. More importantly, it is our early adopter puzzle. We’re looking for people who are smart AF to join us in adding a little mystery to the metaverse. PUBLIC SALE STARTS: JULY 1st 2022
Devo Royal Court
Devo Royal Court
Ethereum
Devo Royal Court is a collection of 9666 unique demon NFTs fighting to become the next demon lord of their Metaverse. Owning a Devo makes you a shareholder of the project and you may benefit from various utilities and perks. Each Devo is randomly generated with over 6 trillion possible unique combinations. They come in different colors, bodies, faces, clothes and accessories. When you purchase a Devo, there are more benefits than just the profile picture. You also become a sponsor for the Devo. Each Devo gives you a vote to steer the project in the direction you want. More benefits will be offered over time as Devo Royal Court grows. ROADMAP: Phase 1: Invasion Launching the first series consisting of 9666 pieces at 0.0666 ETH, each with 0% royalty. Devos will be revealed after selling out or July 6, 2022 This phase’s goal is to gather funds to implement utilities. The first 2 mints will be reserved for giveaways. At 66 sold -Mints 3-66 would enter a raffle (1 ETH) At 111 sold -Mints 3-111 would enter a raffle (2 ETH) At 333 sold -Mints 3-333 would enter a raffle (3 ETH) At 666 sold -Mints 3-666 would enter a raffle for 2 legendary Devos that grant them extra perks for the future and a special reward at the end of phase 1 At 999 sold -Mints 3-999 would enter a raffle (5 ETH) At 1111 sold -Mints 3-1111 would enter a raffle (6 ETH) At 3333 sold -Mints 3-3333 would enter a raffle (7 ETH) At 6666 sold -Mints 3-6666 would enter a raffle (8 ETH) At 9666 sold or July 6 -Live events or other rewards decided by the community. -Special rewards for holders of the 6 legendary Devos (2 ETH each) OUR VISION AND VALUES Build a big close-knitted community of visionaries and risk-takers Give back to the community Continuous value to our holders Not relying on royalties for income Create a place that blurs the line between the physical and virtual worlds. Establish a profit-generating business with Devo owners as shareholders
Awesome Mom NFT
Awesome Mom NFT
Ethereum
Awesome Moms are a set of 9,000 brand new hand drawn and randomly generated NFTs on the Ethereum Blockchain. Our collection’s purpose is to celebrate Moms from all over the world by featuring their inner strength, beauty, grace and wisdom. Who is an Awesome Mom? We consider a broad range of women as awesome moms, It is not necessary to be a biological mom who raise their own children to be an Awesome Mom. Any woman who has gone above and beyond for a child at a time of their need is an Awesome Mom. Women can be Awesome Moms in many professions like teachers educating children under their care to develop in a well rounded way. We have come across many teachers who go over and above to shape the lives of our kids every day; nurses tenderly nurturing patients under their care during the time of their need; social workers serving children develop emotionally and socially.
XRP CONSULTANTS LLC
XRP CONSULTANTS LLC
Ethereum
In 2022, historical events in Ottawa, Canada will be preserved. This is a tribute to those in the convoy who stood up for freedom. 18+, all genders, all educational levels, Canadians, and all individuals who stand up for truth society, and freedom. "The Canada Trucker Convoy is a symbol of Freedom Of Expression. Canadians used their right in various regions across the country. The protest became historically significant because the citizens from various parts of the country unite together to raise their voice against discrimination and injustice. Canadian Charter of Rights and Freedoms marks a line balance between individual freedoms and collective interests. #Freedom #Trucker #Convoy #Movement #Maple #Canada #2022 #Protest #NFT #NFTs #NFTart #eth #ethereum #Solana #crypto #cryptoart #DeFi #opensea #blockchain #collectible #nonfungibletoken #art #digitalart #cryptocurrency #nftartist #nftcollectors #nftartwork
STRaY Bears: Alien Mutation (M.A.S)
STRaY Bears: Alien Mutation (M.A.S) will be the first of multiple upcoming FREE NFT MINTS designed to provide unmatched value to new STRaY Bear NFT holders and to really give back to our community who are the lifeblood of our Genesis STRaY Bears NFT project. At the time of mint, our gas optimized M.A.S NFT contract will allow all Genesis STRaY Bear NFT holders to mint 5 M.A.S NFT's for every Genesis STRaY Bear NFT held for FREE. All non-Genesis STRaY Bear NFT holders at the time of mint can mint each M.A.S NFT for 0.05 Eth each. Genesis STRaY Bears NFT's can be minted, purchased on Opensea, or won in the many daily and weekly giveaways held in our Discord in the run-up to releasing M.A.S so there is a way for everyone to get involved. Genesis STRaY Bear NFT's also grant the added utility of upcoming $SNATCH Token, Animated Series, STRaY Vs J.I.J Game, and much more. We are a genuine team that has been building honestly, ethically and organically without fake hype since October 2021. We have a very long-term methodology and while patient in our continuous growth we continue to fulfil promises made to our amazing community. Visit https://straybears.com/mas or https://discord.gg/straybears to learn more
MUSIX Master Key - 3D Utility NFT
MUSIX Master Key NFT is the your entrance to MUSICOLOGY ecosystem and absolute must to have! MUSICOLOGY is the #1 ecosystem for everything MUSIC on blockchain for PEOPLE by people and by getting this NFT you are getting a rare opportunity to invest into an ecosystem that will be bigger than You tube or Open Seas MUSIX Master Key NFT is divided into 5 classes with the highest class having only 5units. Initial sales begins with a floor price of 0.0369ETH and increase steadily everyday until its 5x value and stop at 0,1537 ETH making it an amazing opportunity for the super early Investors. Refer to the RARITY AND UTILITY CHART for full details of privileges attached to the offering. MUSIX MasterKey NFT gives holders access and various privileges to the biggest music ecosystem yet on the blockchain and the biggest music space for live concerts, parties and shows in the Metaverse. Operational function and access include: * Privileges, discounts and access to new music releases * Voting power in the ecosystem * Governance of the ecosystem * Entrances access to musicology clubs on metaverse * Lottery tickets for clubs entry on metaverse  Live concerts tickets * Proposals creation rights   Unlike hundreds other projects with empty promises and bad artwork, we offer solid project that will transform the way we know music and bring more freedom and rights back to the people, can you hear the wind of change? Roadmap MUSICOLOGY Q2 2021  Idea  Creation  Documentation  Patents  Contracts  Research Q1 2022  $Musix Token Deployment  Landing Page and NFT Mint page  Ambassadors  Social Media  Team and Strategy  Massive Promotion Q2 2022  1st NFT Collection  Fundraising  IDO Launch (Various Launchpad)  Ambassadors  Massive Media Presence Q3 2022  Development of Musicology Platform  Tender for Programming  Strategic Partnership  2nd NFT Collection (Arts)  Signing in Top Artists  Music Ambassadors Q4 2022  Musicology Platform Beta release  Strategic Partnership  Music Mint to Platform Q1-Q2 2023  Interface Launch  Massive Media Presence Q3 2023  Staking and Farming Q4 2023  Listen to Earn ®  NFT Marketplace Q1 2024  Arrival to the Metaverse  Live Concerts  Virtual Club Parties
Sleepy Sniper Society
Sleepy Sniper Society
Ethereum
Sleepy Sniper Society is a private collection of 7,777 Sleepy Sniper NFTs -- original digital collectibles, stored as ERC-721 tokens on the Ethereum blockchain. The Sleepy Sniper Society NFT grants its holder a large number of benefits. It allows the holder access to a suite of six advanced trading tools, entry to our premier events & tournaments to win prizes, NFT staking, and passive $SLEEP token generation to establish or join a guild to earn rewards for your trading successes. You will also have access to a wider community of traders to collaborate and share information with. Holders will also enjoy the unique, hand-crafted art by the artist for the world-famous heavy metal band 'Sabaton.' Join a driven and focused group of individuals, building a rewarding community for snipers with multiple benefits and utilities for holders!
Square Squares
Square Squares
Polygon
In 2019 I started creating these colored squares, initially they were just a way to train in graphic design, but over time they became an obsession, a very personal project, mh, a sort of challenge with myself. (80% off on the entire first drop! - from 0.013 ETH to 0.0026 ETH) CALL FOR ARTISTS: AWARD An NFT made with me for the “Square Squares” collection on OpenSea. (once a day from August 13 until the winners finish [the number of winners will depend on how many files I like a lot out of the ones I receive]) FIRST STEP read this rulebook, lol SECOND STEP Use a square sheet (preferably at least 2000*2000px) and throw anything on it, as long as you love it: text, images, photo, photomontages, drawings, vectors, and more. As you can see from some of my pieces on the other pages of this website I am obsessed with strange abstract colored vector shapes. THIRD STEP Email it to me at: nft.squaresquares@gmail.com If you have more squares, I recommend that you send them all to me in the same email. As object: “Call For Artist – Square Squares” or something similar. I would prefer to receive Illustrator files, but other file types should work as well. FOURTH STEP If I particularly like what I have received I will contact the creator to notify him, then I will modify his project merging it with my style, then I will create the NFT in the “Square Squares” collection on OpenSea and I will give it to him, as I said before, potentially there may be many winners. RIGHTS The full rights (commercial and all the rest) of the NFT belong both to me and to the other person who contributed to the creation, but beware that the only officers will be those present in “Square Squares” on OpenSea, all the others they are fake. (obviously after receiving the NFT you can sell it when you want and at the price you want) P.s. I recommend that you at least enter the Discord server, and if you like to follow me on social networks, or subscribe to the newsletter
Okay Bear Cubs
Okay Bear Cubs
Ethereum
FREE MINT. New big project, 10,000 Okay Bear Cubs collection. We're small, but we're okay. 21:00 UTC 06/25/2022 We plan to give holders the opportunity to stake bear cubs and earn $bear token.
ALGARIN KODAMA
ALGARIN KODAMA
Polygon
We are a streetwear clothing brand that joins the digital world also to support more people and the streetwear world through useful NFTs that are described in other sections of the web. Our goal is to create a great community where we can share outfits, new ideas to contribute to the community, culture, music, experiences both in the real world and in the metaverse. The point is that we want good vibes and that we can all enjoy good times in this community. We will also have our own currency, ALGARIN KODAMA (ALGK) which will be associated with clothes and NFTs (OUR TOKEN WILL ALSO PROVIDE DIRECT AND INDIRECT BENEFITS TO OUR COMMUNITY), this that we have created is a mixture that is equivalent to a bomb of sensations Everything good in a single project. Our goal as a brand is also to show a lifestyle, sensations through designs, original garments that can be useful for the present and the future. and we will be willing to work with more designers or other artists, you just have to contact us and show us your work. When we started with Algarin kodama, we had a simple goal in mind; adopt a community priority approach. That's why our main goal is based on "how much value can we bring to our community?". We will maintain 100% transparency at all times. Our vision for the future is to scale the project with stability and adding value to the community and offer new projects for the entire ALGARIN community. Also everyone who owns an NFT or has ALGK coins in their wallet will be rewarded for it. Different amounts will go to the community and to contribute to environmental and animal protection associations. 10% of all net proceeds go to forestry and animal projects
Karto Cars
Karto Cars
Ethereum
Karto Cars is a play-to-earn game comprised of 2,500 retro-fitted cars. Each NFT minted will make a breath-taking appearance on our tracks 🔥 Karto Cars is a new play-to-earn game comprised of 2,500 retro-fitted cars. We bring a convincing alternative to the cookie-cutter PFP NFT projects that have flooded the market. Each NFT minted will make a breath-taking appearance on our tracks. Owning a Karto Car will give holders access to racing tournaments, cash giveaways, exclusive airdrops, and much more to come! Come Vibe On Our Retro Wave Track. Collect Easter Eggs For Extra Prizes, Memorize The Maps For A Greater Edge And Enjoy The Car-Loving Company Of Our Community. New Maps Will Periodically Be Revealed As Our Community Grows. Roadmap: 0% Welcome new contestants to the most chill track to take place on the mobile and metaverse. Bring your burning passion for collecting cars, NFTs, making friends, and building a community you belong to the starting line. Bring your NFTs into our app and race with us! Ready? Set, GO! 20% At 20% capacity, every Monday through Friday for a month, you’ll have the chance to win a cash prize! A separate event will take place on weekends for 2x the normal prize! The daily entry ratio is 1:1 for everyone other than Karto holders which will receive an additional entry for every Karto Car above 3 to a limit of 5. 40% Fastest Lap: The OG diamond hand holders will get to choose a Karto Car in their collection to have 3D printed and shipped to your address. Active community users will be a part of the beta playtesting new features, so keep those chat stats up! (SUBJECTED TO CHANGE TO A BLACK CARD 👀 ) 60% Giving Back: KartoCars holders will vote which popular Twitch charity stream to send $50,000. This is thanks to you, our great community, that we can do this. Let’s be the top donator, (Ideally we can get in agreement with a company to match our donation, making the community proud of what we’re doing) 80% Pole Position: We want to share the vibe IRL, so we’re dropping Karto Car merch to further propel the project. A new round of daily raffles will take place with even bigger prizes like cash, merch, and whitelist spots for exclusive new drops. 100% Finish Line: Get your retro wave cars retrofitted with customizable parts to enhance your chance of winning. This will also add another layer of rarity to your cars, and OGs will have discounts for new parts. Get in while you can!
AsleepAwakeMode NFT Collectibles
Ongoing NFT Collectibles representing unique avatars of Ladies living on Ethereum blockchain. The project is built around the theme of stylish awakening, self mastery and wellbeing. Meditating Lady-bots drawing the power from within and will be awakened to ignite the change. Created and presented by X-runway model and a fashion designer IRA (@Iraxlab). IRA is driven by the progress and committed to support the nobility of women who are working on self-realization. With this NFT Collection Ira is striving to support women to step into the new and unlimited crypto world with ease. Drop #1 June 20 2022 Please note: Lady Bots have real names as such: Lady Bot Angelina, and never numbered. Our community is new and we are into organic growth. We invite women, who want to be challenged to do the uncommon, the supernatural, and the mystical. Together we can heal one another; inform one another; support one another; trust one another; cooperate with one another; honor one another; shine for one another so that others can shine as well.
Anim4rt
Anim4rt
Ethereum
Anim4rt is a collection of 10.000 bespoke NFTs directly leading to animal protection. 🦧 Through Anim4rt NFT, become an owner of a real rainforest. 🌲 Each ANIM4RT token will legally own 1/10000th part of the land we buy. 🌴 Your ANIM4RT NFT reflects the incredible diversity of nature that our planet has to offer. 🌎 By owning our ANIM4RT NFT you become a member of the ANIM4RT welfare association, where your vote will make you actively participate on all decisions made for preserving the wild species. One of the great benefits of being part of this adventure is, that royalties acquired will be redistributed to the ANIM4RT NFT holders quarterly. All holders will receive a yearly distribution of the benefits generated by the Carbon Credits. 💵 As we acquire more rainforest each Anim4rt NFT will automatically grow the amount of rainforests parts. The more forests we buy, the more blocks each NFT will own, increasing its value over time. Own an Anim4rt and save the planet!

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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