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Sentoki NFTs
Sentoki NFTs
Solana
WHAT IS SENTOKI NFT COLLECTION’S PURPOSE? Sentoki is a collection of 2888 Sentoki NFT’s – unique digital fighters of Curses residing on the Solana Blockchain. Your Sentoki doubles as a citizenship which grants access to the Norowareta Uchu staking system to earn 10 $JUMON (or more depends on your Sentoki Rank) per day. Each Sentoki starts with Yonkyu rank, a ranking system that goes higher as you spend $JUMON to reach a higher rank. (higher rarity = higher yield) STORY BEHIND THE NOROWARETA UCHU In Norowareta Uchu, all living beings emanate an energy called Cursed Energy, which arises from negative emotions that naturally flow throughout the head. Normal creatures cannot control this flow in their heads. as a result, they continuously lose Cursed Energy that gives birth to Atama, a race of spiritual beings whose primary desire is to bring harm to all creatures. These are known as Norowareta Atama "The Cursed Heads". Sentoki are people who control the flow of Cursed Energy in their entire bodies which allows them to limit its release. High-ranking Sentoki and Atama can refine this energy and use it to perform Cursed Techniques, which tend to be unique to the user or their family and Skin Colors. Each Sentoki (also Majutsu-Shi & Akachan if one of the ancestors is an Sentoki) have a rank to assess their skill level ascending from Rank 4 to Special Rank. Each Sentoki (also Majutsu-Shi & Akachan) generally start at Rank 4 upon joining the Noroi no Akademi, but this depends on experience and minting process. Atama and Akachan if one of the ancestors is an Atama are ranked on a similar scale but not exact. The higher-ups can be particular when it comes to ranking Atama. The distinct difference between a rank 1 and a rank 2 Atama is whether or not it is capable of using Norowareta Tekunikku “Cursed Techniques” 呪われたテクニック. Each Sentoki (also Majutsu-Shi & Akachan) are expected to take on missions involving Atama of the same level. A Rank 2 Sentoki (also Majutsu-Shi & Akachan) should be able to defeat a Rank 2 Atama because their skill level is closer to the strength of a Rank 1 Atama. Norowareta Dogu are also categorized from rank 1 to Special based on power and potency. The higher the grade, the greater advantage in battle. All Special Rank Norowareta Dogu are imbued with a Norowareta Tekunikku. STAKING: Your Characters can be staked and earn you $JUMON and $NOROI every day. The higher the rank, the higher the yield per day. We want to call this our Gamified Platform, the start of all of the utilities you will benefit from shortly. ESCROW STAKING: When staked, the NFT will be placed in an escrow account and removed from your wallet. We have taken this approach to remain competitive in the market and for the streamline the revenue-sharing process. - When you un-stake, the NFT will be returned to your wallet. - While your NFT is staked, you can harvest $NOROI/$JUMON at any time. STAKING YIELD: You will be able to yield $NOROI/$JUMON daily but simply holding your Norowareta Uchu NFTs. Alternatively, you can play The Norowareta Uchu Game for chance to earn additional $NOROI/$JUMON! The Staking Yield is summarized as follows: $JUMON & $NOROI YIELD PER DAY: - Yonkyu = 10 $JUMON / $NOROI per day yield - Sankyu = 15 $JUMON / $NOROI per day yield - Nikyu = 20 $JUMON / $NOROI per day yield - Ikkyu = 25 $JUMON / $NOROI per day yield - Tokkyu = 30 $JUMON / $NOROI per day yield Owning additional Norowareta Uchu NFTs allows you to build a Colony. This is important for the Revenue-Sharing aspect of the project and further explained below. STAKING COLONIES (REVENUE-SHARING): The size of your colony (amount of NFTs staked) will determine the Revenue-Sharing profit percentage derived from the Norowareta Uchu-verse. THE NIKYU COLONY (5 TO 14 NOROWARETA UCHU NFTS): A Colony of 5 to 14 Norowareta Uchu NFTs will get 5% of The Norowareta Uchu Marketplace's profits. This will be distributed quarterly to the holder's wallet address. The Norowareta Uchu
The Animaland
The Animaland
Ethereum
Republic Of Animaland NFTs Drop on May 12 The Animaland is a collection of 10,000 unique NFTs. These valuable collectibles are also membership cards to the metaverse community, Republic Of Animaland. NFTs grant access to members-only benefits. Future advantages will be unlocked through roadmap activation. Price: 0,05 ETH The Animaland is the metaverse country where all the citizens are living peacefully. Get animal avatars, join and enjoy your new life. Great community with great advantages. Let's be the part of the future. In thisblockchain community, users can own landsand host events at their places.Animalanders will earn NFTs, tokens and willbenefit from other advantages.In the Animaland, there is a marketplace fortrading assets. Animalanders join with digitalwallets and they can exchange their assetswith other citizens. Also citizens can tradethese assets in other famous marketplaces.Mystery boxes, rare characters, treasuresand other related futures will be available. www.republicofanimaland.com
Croke NFTs Mint Announcement WL Giveaway!
Hey there! We are a charity based NFT project raising awareness on the dangers of drug abuse! ❌ We are donating $25k to a DAO voted rehab organisation at 25% 💌 😈 We will draw a parallel between drug usage with our evolving NFT mechanic, with the theme of Snorter-to-Sober:😇 1️⃣ Starting off as a casual snorter (...the sneak peeks you can see now) 2️⃣ Falling apart as an addict 3️⃣ Finally getting clean and sober The art will be changing at each stage to fit each evolution’s theme, so cop one of our NFTs for a chance to hold one of the rare evolving ones! 💎 Join our Discord and open a ticket with a screenshot of this post to claim your WL spot ✅ Hope to see you everyone soon! Roadmap: 10% Minted - Earlybird Giveaway! We want to show our appreciation to our early adopters by airdropping 10 special NFTs to 10 of our supporters! 25% Minted - Donations to an Organization! ❣️ $25,000 of primary sales will be donated to rehabilitation associations. The community will vote on which one should receive the donation! 50% Minted - Halfway Raffle! 🎁 A chance for Croke NFT holders to receive a Macbook Pro! 75% Minted - Merch store open for holders! 👕 We are opening up the doors of the members-exclusive merch store. Croke NFT owners will have an exclusive access to a special merchandise. 100% Minted - Evolving NFT Announcement! 🎉 Celebrate! We are sold out and hopefully laid the foundations for people to be more aware of the dangers of drug abuse! Community vote on where 50% of royalties will be allocated to. Phase 2 - Evolving NFTs 1 🧟‍♂️ After some time, we will see Croke's Cronies get its first evolution. Since quite some time has passed since our Cronies started consuming narcotics, and they appear to be in much worse condition than before Phase 3 - Evolving NFTs 2 👼 After this much time has passed, our Cronies start to realize the many negative effects of taking on this lifestyle, and decide to get clean for good
TimeShuffle.io
TimeShuffle.io
Ethereum
The first game collection for early TimeShuffle fans will launch in May with a NFT PFP collection. PFP NFTs will come with many utility mechanics: Whitelist for future NFT drops (mint pass) Surprise Airdrops (mystery box drop) In-game earnings multipliers Other VIP in-game utility (only if locked in-game) Discounts Free use of randomizer Guild features Collection: 10,000 NFTs Price: 0.08 ETH/pc Raise: 800 ETH The Game: RPG battles with historical heroes twisting time to gain undair advantage of the future and the past. Free-2-Play-2-Earn NFT based gameplay The Story Players progress through the game by recruiting notable historical figures, combining them into an efficient time traveling squad. Each Hero has a unique set of skills and stats, which the player unlocks and upgrades throughout the game.
Smokeville
Smokeville
Solana
Smokeville is a collection of 4444 smokers on Solana blockchain. Good vibes and the best community ever. Combine that with the utility, and you will be thriving. Community always comes first and we know that better than anyone else. FIRST PHASE Build a strong community of THC addicts. You don't have to be an addict to join us, you can still vibe with us. Everyone is welcome here. Feel free to discuss anything you want with your friends. SECOND PHASE Mint We will mint using our own smart contract, which is smooth, reliable and fast. Secondary market listing We will be listed on ME and OpenSea, we will announce that once we're pre-approved. Rarity We will be listed on Moonrank, Howrareis and Solrarity as soon as we mint out. THIRD PHASE Staking will be available in 48 hours after the soldout. 50% of mint revenue will be used to fund our utility token pool. $SMK will be used to participate in raffles for 10+ SOL nft's, daily auctions and our own casino! CASINO We know that you degens love to gamble. And we will fulfil your needs. Your chances to get a lambo are 50/50. Collaborations with other projects to integrate their tokens for a small fee (we will use all of the proceedings to fund our DAO wallet) Integrate our casino system in your project for a small fee. We will provide you with all the necessary information and help you along the way. FIFTH PHASE Airdrop our 3D collection to holders. We're already in talks with 3D artists. They will start working on 3D aspects soon after the mint. DAO Our DAO will decide if they want the project to be a P2E game/metaverse, or continue as a staking/raffles project. In our DAO, everyone will have a say!
3D Collection of NFT Avatars by BLVCK Paris
Blvck Genesis II is an NFT collection of 9,999 Blvck avatars living on the Ethereum blockchain. With hundreds of artistic elements, high fashion traits and monochrome aesthetics, each avatar is crafted by French designer and founder of global lifestyle brand, Blvck Paris. - Major NFT projects collaborations by Blvcking out avatars - Partnerships with WEB2 brands with a claim to limited edition physical products to be paired with their avatars for rare Blvck Genesis NFT holders. - Launch of the first Blvckverse event in one of the Blvck stores Blvck Phantoms Introducing the rarest 10% of the Blvck Genesis NFT collection, the Blvck Phantoms. Characterised by their wings made of light and shining grey skin, the 999 Phantoms roam freely in Blvck City. Blvck Phantoms remain emotionless and live without feelings. The project is led by Blvck Paris, global lifestyle fashion brand founded in 2017 by French designer, Julian O’hayon, endorsed and supported by an engaged community with millions of social media followers and customers worldwide. Blvck is known for its ‘All Black’ clothing, accessories and digital goods. From visual content to merchandise, Blvck strives to pioneer an aspirational lifestyle pursuing quality and design. In 2021, the brand opened stores worldwide in Tokyo, Miami, Taipei, Taichung, Hong Kong and Macau and collaborated with tech giant, CASETiFY. In the NFT space, Blvck previously introduced three NFT drops on MakersPlace and held an event on Decentraland.
CHARITY: Welina Pineapple People
Welina Pineapple People collection are 9,997 programmatically randomly generated Solana NFT collectibles with a medical charity mission. Welina Pineapple is more than just a digital asset or collectible. It’s a representation of the global community coming together to support a charitable cause. Join us in our mission to help those in need and pick up your very own Welina Pineapple. The developer: Annie is a board-certified family nurse practitioner, artist, woodworker, and philanthropist. She has a desire to provide medical care to underserved communities. This first project and all future projects will donate 50% of all proceeds to reputable medical charities. This first project will support medical charities working in Ukraine and Poland: Doctors Without Borders, International Medical Corps, and International Medical Committee.
The Wacky Dog Club
The Wacky Dog Club
Polygon
The Wacky Dog Club Aims To Build A Community Of Conciencious Human Beings Pulling Toguether To Bring Awareness And Support To Those Suffering With Mental Health Issues Such As Anxiety And Depression . Our Community Welcomes Wacky Geniuses, Daredevils, Zealots, Financially Savvy And Successful Humans. Come Join Us To Make The World A Better Place... Metaverse’s First NFT Collection With Custom Boosts And Ranking System. Collect Your Wacky Dogs Now ! To Take Part In Exclusive Metaverse’s Projects. By Getting These Wacky Dogs You Will Have Following Benefits : NFT STAKING & BABY NFT GENERATOR ! Through Getting Wacky Dog NFTS You Will Be Able To Stake Them To Earn Annual Yields + You Can Also Lock Them For Certain Days To Get A Baby NFT As A Reward From The Same Collection MULTIVERSE By Getting Access To Wacky Dogs You Will Be Able To Get Access Into Multi Metaverse's Projects. These Wacky Dogs Can Help You To Perform Various Tasks Based On Thier Working Capacity & Rank. P2E GAMES Through Wacky Dogs You Would Be Able To Take Part Not Only In Our P2E Games But Others Also.This Will Be A Game Changer In The World Of Metaverse
Karma Cats Metaverse
Karma Cats Metaverse
Ethereum
Karma Cats is an NFT collection with the vision of offering holders ownership in a real business. 5,555 delightfully cute cat NFTs living on the Ethereum blockchain each represent ownership in Karma Labs, incubator and launchpad for world-class international yoga retreats and lifestyle apparel brand. Our NFT is jam-packed with extraordinary utility for holders, giving you not only access to real-world experiences and exclusive merch, but actual ownership roles in a real business. Founded by entrepreneurs who have already been running these exact business models with success, the long term value for holders is guaranteed. Our mission is to raise the collective vibration through epic community, retreats, and swag. Join us on this joyful Web3 journey and let's take these cats to the moon.
MD-22 Til Valhalla
MD-22 Til Valhalla
Polygon
This collection honours fallen brothers and sisters in arms. It celebrates their ultimate sacrifice for our country and us as a people. 30% of the proceeds from this collection will go toward the Til Vahalla Projects (TVP) charity of choice or directly as we are still negotiating the details of this collection with them. If you are not familiar with the TVP and you have a love and respect for our service members and those families that have made the ultimate sacrifice, we ask that you please check them out not only on Twitter (https://twitter.com/TilValhallaProj) please do so you can also find more information about what they do for our fallen brothers, sisters, and their families on their website at https://tilvalhallaproject.com/pages/about-tvp Collection Information 30% of proceeds will be donated to Project Til Valhalla Floor Price - Appoximately $100 USD in Polygon Matic 10 Trees will be planted per NFT Sold Launch Party Details Time 13:00 CST Location - Decntraland: (4,-110) https://play.decentraland.org/?island=Iaog2&position=4%2C-111&realm=athena Submit POAP to - #md-launch on our Discord at https://discord.gg/KomardsNFTS
The Magical Animals - Series 2 - of Satoshi Secret
Satoshi Secret's Series 2 is finally here, the Magical Animals will be available for auction on April 30 on AtomicHub. The Unicorn, the Deer and the Peacock are the Magical Animals that guide and protect the Goddesses of Fortune, which are part of Satoshi Secret's Series 1. Satoshi Secret Series 2 consists of: - 3 Uncommon Cards - 3 Rare Cards - 1 Legendary Card The first 3 Uncommon Cards will be auctioned on April 30th on AtomicHub. A maximum of 1000 pieces per Animal will be minted. Each Animal has its own Properties, its reference Goddess of Fortune, is an exclusive hand-drawn design contaminated with digital art,with the peculiarity of a Secret Message stored in their QRcode. To know more about our Cards take a look at our website: https://secretmessagecollection.eu or follow us on Twitter: https://twitter.com/SMsgnft What are you waiting for to collect this special Collection of Cards that bring Fortune, Wisdom and many Secret Messages to treasure.. We wait for you on April 30th on AtomicHub! Save the date..
Golden Marmoset Funky Club
Golden Marmoset Funky Club is a collection of 10,000 NFTs randomly generated and unique. Our project is about preserving the Golden Lion Tamarin/Golden Maned Marmoset, a cute little monkey that lives in Brazil´s Atlantic Forest and it is in extinction danger. Today only 2% of it´s habitat have left, and less than 5,000 Lion Tamarins are living freely. Actually we have more NFTs in this collection than Lion Tamarins in the world and we have to change it. We also have a metaverse under development using The Sandbox, we plan to have a land fully interactive where everyone will be welcome. This land will also be the birthplace for our Funky Club, the ambience where holders and any person that want to socialize can join, have fun and play around. Until this is finished we have our Discord server where you can join right now and talk to us, to others that are interested in the same thing that we all are. Come and join our Funky Club. Every Night is one to remember. We Are Golden!
Cryptohol Drop
Cryptohol Drop
Solana
Collection of 200 drinks on the Solana network! Magic Eden marketplace listing after mint. Every Cryptohol NFT is a raffle ticket to a bi-weekly SOL giveaway. Weeks 1 - 4 are 1.5 SOL each. Every Cryptohol holder will be in a random drawing every 2nd Saturday* DRAWING #1 - #4 Prize 1.5 sol each. DRAWING #5 50% of the resale royalties since mint.(approx. 10 weeks) DRAWINGS #6 and beyond 50% of that 2 weeks resale royalties NFT ownership will also act as voting rights in the future direction of this collection and WL for future mints. Roadmap includes: Merchandise, Whitelist for Voxel Drink NFTs, and Whitelist for Metaverse 3D assets These crazy drinks will get you intoxicated on Pixels on the BlockChain. Send a friend their favorite drink Send that girl across the metaverse a drink Send your co-worker a drink.
MetaBallistics
MetaBallistics
Solana
A Collection of 440, 3D modeled Firearm NFTs in augment reality to be used in a metaverse FPS game. Arm Yourself in the Metaverse. 100% Made in House: We didn’t outsource anything and put in over 100 hours of work 20% to Charity: Monthly donations to AWI & K9s for Warriors ROADMAP: April 28th, 2022: Launch 440 NFTs (8 Different Firearms x 55 Each) April 30th, 2022: Experience All 8 Firearms in Augmented Reality May 15th, 2022: 1 of 1 Special Weapon Released June 2nd, 2022: First Monthly Charity Donation July, 2022: Launch 45 NFTs of WWII Era Firearms (Whitelist Exclusive) July, 2022: All 8 Firearms Added to Snapchat as Augmented Reality Filters TBD: Partnership with Metaverse FPS Video Game We formatted and designed the MetaBallistics NFT 3D models to be used in a future video game. Taking zero design shortcuts so once we have established a partnership we can quickly turn over the appropriate files.
DAREDVL FOUNDERS TOKENS
Do you want to be able to buy an NFT with NO CRYPTO? Do you want your NFTs to allow you access to real-world benefits? Are you tired of basic art with nothing attached? DAREDVL Athletics is a clothing company which strives to support the athletes who are truly "Beyond Ordinary" and bring the most to the competition. In addition, we're one of the first NFTs which YOU CAN BUY WITH USD! The clothing brand will be having a sale of 200 NFTS which will have a very unique idea attached to them; holders of the NFTs will be able to participate in the design of an upcoming collection from start to finish, and benefit from the clothing they get to help design. After buying the 1/200 "Founder's Token" the holder will be placed into a group that will allow them to meet other athletes or investors behind the brand, lead by the CEO Caleb Schuelke. The holders will brainstorm a collection idea and get to take a lead in designing the clothing itself with oversight from the DAREDVL team. The designs will then be finalized and manufactured in scale, with marketing then taking place on a large level to promote the clothing. Once the designs are finished, the finalized clothing designs will be made into digital NFTs that the founder tokens can be exchanged for, representing the true art of the project, made and approved by our holders themself. Holders of the NFTs will receive the items they designed for little to no cost, as well as being entered in giveaways for clothing, exclusive opportunities to represent the brand on social media, interviews, giveaways, model meet and greets, and the opportunity to get whitelisted for the sale of the next collection NFTs.

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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