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OpenSea

LunApuPia
LunApuPia
Ethereum
LunApuPia collection. NFT collection of LunApuPia World on ETH. Each owner of this NFT-LunApuPia will receive one as a gift "LunApuPia NFT Polygon"(*until they can be minted). The LunApuPia Project is the LunApuPia World far in the galaxy near the Black Hole, the world with its inhabitants Lunapupis.LunApuPia - a constellation of three planets (Lun, Apu, Pia) on the edge of a Black Hole in the constellation Unicorn where our Lunapupis heroes live. Spaceships cannot fly there, and the inhabitants move using the unique ability to teleport across three planets. This collection is from 11,000 NFT. The NFT will be added to OpenSea in parts for sale with price increases with each new publication. The frequency of the appearance of new NFTs is different, follow the news on Twitter. First sale starts here 11/15/2022 +335 NFT LunApuPia. Start Price = 0.025 ETH
SandPlates
SandPlates
Ethereum
Sand Plates is a digital ticket to the universe that we are going to build for you. Made in Arabic style, exclusive number plates for cars. You can get one of 333 NFT absolutely free of charge, all the conditions are very simple and described in detail on our website. Those who missed a chance to get NFT for free will have to pay 0.1 ETH but trust us, it's definitely worth it. We are not going to make any loud statements and promises, our policy is "do it, and then let others witness it". The only thing we can let you on is that we have truly big plans, resources, and a huge desire to implement them. You will not receive just a beautiful picture for selling, but some exclusive privileges, such as: - Guaranteed access and allocation in our future projects - Private club for NFT holders and car enthusiasts - Participation in the drawings from our team - Honorary title of a person associated with charity as well as hidden features that we will announce immediately after the NFT mint Note that 3333 unique NFTs are accessible for everyone, but only real sheikhs can become their holders.
Evil Kongs
Evil Kongs
Ethereum
10,000 NFTs for Staking on Ethereum Network. 100 Free Mint on website. We are a project of utility NFTs, which aims to generate income through staking, each NFT will be in conjunction with the official token of the project called Evil, our project focuses on the function of staking, but also offer other services, such as; faucets, video game, casino, DEX, Token Swap, among others. Each user who decides to purchase one of our NFTs will be offered a staking membership for an indefinite period of time, that is to say, for life. The purpose of this project is to provide a reliable and solid Staking service with NFTs, where our users will have the greatest possible transparency to feel confident and where they can see in a transparent way everything that is planned to do with this project, one of our main objectives is to encourage the useful use of NFTs and make it clear that they are not only artistic images and that you can do more with them, which is why we have planned even more things for the development of the project, which will be implemented as the project progresses. We are Evil Kongs and we are here to satisfy your greed. #BeEvil #BeEvilKong
Degen Dragon Cosplay Club
Degen Dragon Cosplay Club is upcoming collection of 1111 dragons on Aptos blockchain. Mint if FREE. Degen Dragon is fun and friendly cosplay artist who likes to dress in the likeness of his favorite musicians across different genres and eras. You can check previously custom minted dragons on OpenSea. The collection consists of 80 hand-drawn images with over 200 traits. Our Aptos collection will launch on 14, November, 2022 (20:00 UTC) on https://www.launchmynft.io/ Trading will take place on Topaz.so https://www.topaz.so/collection/Degen-Dragon-Cosplay-Club-1d7ef9e748 We'll be hosting our quizzes and lotto after dragons are minted out. Anyone can participate in our quizzes, but only the owners of DDCC NFTs can win the prizes, regardless of whether their NFTs are listed on secondary markets. Visit our website for more details...
Different Inspiration, Thoughts & Feelings
Different inspiration, thoughts, feelings... Collection "Different inspiration, thoughts, feelings...". The flight of thought, memories, sudden emotions, reflections - it's all in this collection from AndrBel. This is a living collection, constantly being filled, in a bottomless vessel of creativity. There are 8 works in this collection. Choice - a series of paintings and a series of paintings under this name. "Choice" - we live in a constant choice, every step, thought, word is a choice that AndrBel showed in the pictures. We see that these are different art images-works of AndrBel. They are not united by a common line of intent. These are spontaneous feelings, thoughts … displayed on the canvas. OpenSea - Collection "Different inspiration, thoughts, feelings...": 1. Peonies Reminder. 2. Choice, Choice#2, Choice#3, Choice#4, Choice#5. 3. No choice. 4. Three. We are waiting for new works from AndrBel in this collection and new works. (AndrBel - Designer-artist, businessman) NFT includes: > Autographed physical copy (canvas print) 40-320 x 30-240 centimetres. Start of sales at OpenSea - 11/13/2022
Rainbow Mosaic
Rainbow Mosaic
Ethereum
Collection "Rainbow Mosaic by AndrBel" Unique 45 paintings in the collection "Rainbow Mosaic by AndrBel". Rainbow Mosaic by AndrBel - a mosaic of feelings, desires, dreams, experiences in a rainbow of colors. The color lines of the rays of the rainbow pass in their path into turns, turns. They go around figuratively space, repeating the lines of a circle, triangle, polygons. With its strokes of lines, the color rainbow either speeds up, giving the color of emotions-experiences, then suddenly fades sharply, stops in space, turning into another color sense of mental emotions or sharply slows down, leaving a trail in flight, a trail of unsaid emotions that make you follow them... Peer and follow... Follow the lines of the color rainbow, follow the turns, turns, speed up the gaze of observation with the acceleration of the rays of the rainbow, the transitions of its shades, overflows of color. Go deep into these color transitions by the movement of the rays, dive .... dive into this space of color and movement, let the colors of the rainbow pass through you, nourishing and transmitting, filling you with the sensations of those emotions and feelings. Now you begin to feel the same emotional state that AndrBel fed this picture and experienced them when creating this... Sales on OpenSea from 13.11.2022 NFT includes: > Autographed physical copy (canvas print) 30-240 x 40-320 centimetres.
Brainless Spikes
Brainless Spikes
Ethereum
What does Netflix, Marvel, Sony, and Blizzard all have in common? Incredibly talented artists with strong business models. What does Brainless Spike have? Incredibly talented artists and business developers from Netflix, Marvel, Sony and Blizzard. Are you ready for one of the most incredible NFT projects on the Ethereum network to hit your big screen? Well they're coming, and you can either be a part of it, or miss out. Brainless Spikes holders are going to become part of the Firelight Entertainment team. They will receive lifetime income from the sale of the Brainless Spikes animation series on the main audiovisual content distribution platforms (Netflix, HBO, Amazon Prime Video, Disney Plus...). As a holder, you could get from hundreds to thousands of profits (USD). Benefits of holding a Spike do not end here: all the audiovisual projects carried out by Firelight Entertainment will report income to the holders. The Community decides the fate of Brainless Spike We do this through allowing people to vote in our discord community, our twitter accounts, and our website. You will not only be rewarded by being a spiker, but you will be a part of the next generation of entertainment! Do NOT miss out on this lifetime opportunity! Keyfacts: -Supply: 4.000 -Mint date: November 12th -Price: .0969 ETH Utility: -Create a 3D animation series with Marvel, Sony, Netflix and Blizzard artists. -50% benefits of 3D animation series sell will be for you! The series will be sold to an international broadcasting platform. -50% profits of each animation Firelight Entertainment project will be for you! BRAINLESS SPIKES PROJECT VALUE: 7-10M USD!
Wakalandia
Wakalandia
Polygon
What is the story about? Over the Venezuelan skies, the Guacayamayas (tropical macaws) roam free to display their joyful colors as per Venezuelan culture. This is the inspiration for the Wakas, first devised in 2017 in the best-selling children's book "Where is Venezuela?" by Meollo Criollo. The message of the books is that "Venezuela will always be where a Venezuelan stands." This, in turn, inspires Wakalandia’s three objectives: 1️⃣ - To have an #NFT that represents our attachment, a unique avatar to display our cultural pride on social media 2️⃣ - To establish a community that supports the creation of content that promotes Venezuelan identity. 3️⃣ - To build up Wakalandia in the metaverse as a meeting point for Venezuelans everywhere, as a virtual space to share and attend events, concerts & exclusive parties. Introducing Wakas: Each of the 10,000 Wakas is a unique Dynamic NFT that can be equipped with more than 200 different traits - some rarer than others (such as plumage, tails, hats, shirts, and accessories). Depending on how many traits are equipped, holders will access benefits such as: 🏅 Exclusive access to Wakalandia's community and upcoming projects (some are top secret 🤫) 🏅 Subscriptions for Vivo Play streaming service (if you are in Venezuela you may even watch the FIFA World Cup!) 🏅 Season Digital and Physical airdrops This upcoming 11/11 Wakalandia opens its doors to mint its Wakas, and the first 1,111 will be free minted! Join the whitelist to become an early bird to mint your Waka and don't miss out on this incredible opportunity to learn more about Latin American culture! https://onemint.io/join/wakalandia
Smash Marbles Arena
Smash Marbles Arena
Ethereum
Smash Marbles Arena is a P&E Multigames Platform with games for everyone’s taste. Two collections packed with utility for an ecosystem with Inhouse P&E Games, from external Game devs and other NFT Game Projects. Win-Win for everybody involved. The Smash Marbles are Avatars to be used in all our games readily equipped with their weapons. In addition only Smash Marbles come with the participation Ticket to our Bearmarket Tournaments. Entertainment and fun during the Bearmarket: Until the launch of the Platform we hold tournaments for holders. A little extra 👉For our Smash Marble NFT holders we start by hosting the biggest online Rock-Paper-Scissors Championship of all time with a Prize Pool of 100 ETH💰!!! Smash Marbles Arena, lets you compile high scores and rankings on your own player page. A platform with exciting skill based Gaming experiences and most essentially an amazingly profitable reward system. Utilities: 8.800 Smash Marbles NFT Collection: - Ticket for our interactive Championships (Prizepool over 100 ETH) - PfP with 300+ Traits - 1:1 playable in-game Avatar for SMA games - Rent your Hero - Daily Airdrops of ingame token after implementation → With a Smash Marble 500 Arenas NFT Collection: - Grants 1-3 Smash Marbles to claim for free during Public Sale - Host games and earn entrance fees (automatically/passive) - Daily Airdrops of ingame token after implementation - OG Status and right to vote - Customizable to stand out in the P&E Platform VISION We love the strong community building aspect of the NFT space, so we knew we wanted to build more than just a game but enable people to connect. So our Multi Game platform came to mind, this was reinforced by the memory of minigame websites from the early 2000’s that we spent a bunch of time on. You log in, choose either a fighting, racing or other games and just start playing. We will of course develop and put the idea to the limit, but this is basically the first inception. Creating a hub for gamers, game devs and other NFT gaming projects. An ecosystem that everyone that's involved, will benefit from. ROADMAP ⭐ 2022 Quarter 3 ・SMA Whitepaper release — 📄 ・Website Online — 🌐 ・Presale: Arenas — 🚀 Quarter 4 ・WL and Public Sale: Smash Marbles — 🔮 ・Smash Marbles Championships starts! — 🪨 📃 ✂️ ・Champions crowned — 👑 ・Second season — 🔥 ⭐ 2023 Quarter 1 ・Game Preview — 🎥 ・SMA Token Smart Contract — 🤝 ・Token IDO — 🪙 Quarter 2 ・Arena accessible 'Enter the Marbleverse' — 🕹️ ・SMA Closed Beta — ⚔️ Quarter 3 ・SMA 1st game on PC — 🎮 ・Gamemodes added (1v1, 3v3, Battle Royale) — 🚨 ・VIP Tournaments start — 🏆 Quarter 4 ・SMA releases on iOS & Android — 📱 ・2nd & 3rd Games — 🎮
Sculptbirdz
Sculptbirdz
Polygon
Sculptbirdz contains the beauty of visual arts of beautiful birds. Precisely articulated feathers cover the surface of every sculpture, by the mask-like bird headdresses into the arms and chest of the humanoid figure. In earlier bodies of work, the artist has used houses as his metaphor with windows, walls, and chimneys creating the protective outer shell of each sculpture. Welcome to my blog, a place where I can share my greatest inspiration and candidly display the different sides of my passion project. Ever since I launched my site it has been creating buzz, gaining an increased following from day to day. I invite you to explore my content and learn about what makes me tick. Please reach out and engage—I’m happy to hear from you, as well. I directs my experience of social stress into creative ceramic figurines that combine individual characters with critters. It is available on polygon wallet.
Block Riders
Block Riders
Ethereum
Block Riders™ is a high-octane multiplayer NFT game that combines the wacky motorsport shenanigans of popular arcade racing games with the player customization and open-world scale of modern sandbox simulators. Built atop the Ethereum blockchain, Block Riders features NFT powered vehicles and characters, with play-to-earn features and racing game modes driven by the native $BLOCKS (ERC20) currency. Players are able to earn the $Blocks token by competing against other players in races and completing daily challenges. With world-class race handling and vehicle physics, Block Riders delivers an exciting and unpredictable racing experience across a variety of traditional tracks, mountain trails, city circuits and open world landscapes. Customize your character with dozens of options to choose from, discover new cosmetics and character upgrades, and build your rep as you blaze through the local underground, unlocking exclusive NFT modifications and earning massive cryptocurrency rewards. The world of Blockston features a diverse variety of biomes and landscapes to test your skills against, offering a complete off-track world to interact with outside of races. Players can freely roam through a handcrafted world, interacting with vendors and city residents, socializing with other in-game players and much more.
STACK NFT
STACK NFT
Ethereum
STACK NFT is a lifetime access license to STACK NEXT the first multiplayer browser for mindful online experiences! * Organization & Navigation: The browser is the best on the market for organization and navigation. It doesn't have Tabs; instead, it comes with Cards, Stacks, Rooms and Spaces, and unique shortcut-first navigation functionality, giving you the agency and the feeling of a mixture of harmony and speed! * Focus & Mindful Online Living: Whenever you need to focus and be in the flow, you can achieve that with one simple click - eliminate all distractions, zone in, and achieve more with less! * Multiplayer & Collaboration: Any app that is not inherently collaborative, if opened in Stack, can be multiplayer. Stack provides all the collaboration features you might need. Using Stack, collaborating remotely feels like sitting in one office. About STACK: Stack Legacy is actively used by more than 15K users worldwide. We are well funded and backed by some of the industry's strongest investors, such as Dutch VC fund Peak Capital, German VC fund Lunar Ventures, and 500 Startups San Francisco. The tech team is made of people who have previously worked for companies like Philips, Rabobank, Opera, and Stripe. Disclaimer: Stack is not just an NFT project! Stack is a company-building platform for Mindful online living with collaboration and privacy at its core! If you are here to make quick money, this is not the place for you!
THE SQUARE FACES
THE SQUARE FACES
Ethereum
The Square Faces | 10K ANIMATED NFT | PVP/P2E | Battle Royale | The Square Show | Metaverse Discover the First DEFINITIVE NFT Battle Royale! The Square Faces is a non-fungible token (NFT) collection living on the Ethereum blockchain with a strong metaverse exposition and a unique Play-to-earn (P2E) mechanism, considered as a Definitive NFT Battle Royale. A community-driven NFT generated collection of 10’000 unique animated collectibles pieces living on the Ethereum blockchain. Discover The Square Show, a Cartoon Live TV Show, our P2E Arena! Winners Level-up, Looser get their Metadata frost forever! MINT on thesquarefaces.com Join our community on Discord! Free Giveaways, Whitelists and more... The Square Faces | 10K ANIMATED NFT | PVP | P2E | Battle Royale | The Square Show | Metaverse Pre-Sales Nov 10th, 2022 Discover the First DEFINITIVE NFT Battle Royale!
Oracle Racers
Oracle Racers
Ethereum

Oracle Racers introductory giveaway is here!

Complete the steps and claim your rewards.


Reward Poll : 10 Free Mints
Winners : 10 Random Winners


Oracle Racers Socials
Twitter : https://twitter.com/OracleRacers
Instagram : https://instagram.com/oracle_racers


Winners will be announced on Twitter and Instagram !!  

*Note : NFT packs will have a “rip option” option, which means they will be revealed on the launch only.


Participate Now

Steezy NFT
Steezy NFT
Ethereum
Steezy is the NFT & BRAND. $SMOKE is the token. Bridging the gap for cannabis companies to make an entrance into Web3 Steezy has built a digital smoke shop, and an ecosystem that welcomes degenerates and smokers all across the world. The NFT Presale occurs on the 7th of November. The token launch occurs on the 11th of November. Starting off at a $50,000 market cap, there is a potential to see 100-1000x returns! Bridging the gap for cannabis companies to merge into the Web3 world, we have built a digital smok shop. Steezys Smoke Shop. Within the smoke shop, you will be able to enter raffles, NFT holder exclusive only items, cannabis products which can legally be mailed, and plenty of digital assets. We also have a buyback and burn every Friday at 4:20 PM EST.. Our smoke session event. 4 burn mechanisms. $SMOKE will stay moving!

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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