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Daisen Investor Pass
Daisen Investor Pass
Ethereum
With Daisen we want you to be the banker yourself. Not only will you have custody of your assets, you will also be able to make decisions and receive benefits. That's why each of Daisen's 5000 initial investors are unique and different from each other. Discover which one you are and enjoy the advantages of being part of the world's first community of Web 3 bankers. Max Supply 5,000 1 NFT = 1 Free Daisen Debit Card Platform alpha access IDO spot Up to 80% of discount in DeFi services Boost your staking Get your DAP Daisen is a unique protocol which integrates a Non-custodial wallet in a CEX. And creates a full CeFI-DeFi Ecosystem in just one platform. This integration makes possible the creation of the Daisen Card. Which you can use for your day-to-day expenses, paying with fiat or even your preferred DeFi token. In summary, Daisen Ecosystem merges the advantages of CeFi and DeFi building new technologies and growing the ecosystem with real use cases.
Pigstown
Pigstown
Ethereum
The pigs visiting the Town, Mint is coming soon ooiinnkkk ooooiiIIINNnkkk oink 🐷 🧌 = farmers are working full time; feeding, grooming the pigs 🐖 before the pigs are available to mint for the public.! Go check Twitter for Updates! Be active on a Twitter like a pig 🐽 to get a WL spot for a free mint. 2 free + gas mint per wallet. Don't be fucking greedy. That's how we got ourselves here. why the rush? oink.wtf Mint is coming soon ooiinnkkk ooooiiIIINNnkkk oink 🐷 Go check Twitter for Updates! Be active on a Twitter like a pig 🐽 to get a WL spot for a free mint. 🧌 = farmers are working full time; feeding, grooming the pigs 🐖 before the pigs are available to mint for the public.! why the rush? oink.wtf Mint is coming soon ooiinnkkk ooooiiIIINNnkkk oink 🐷 Go check Twitter for Updates! Be active on a Twitter like a pig 🐽 to get a WL spot for a free mint. 🧌 = farmers are working full time; feeding, grooming the pigs 🐖 before the pigs are available to mint for the public.!
All Eyes on me & Good Bad Boy
Almost FREE NO ROYALTY I can feel the eyes around me as I feel the love and hate on me. Maybe it's paranoia, what difference does it make? I try so hard to stay real, i always find myself in an unrealistic scenario. We are selling our items on manifold with smart contract, you can list them in any market you want. I chose this path to spread and promote the glitch art culture. thank you for choosing us. There are a total of 100 editions in the series and we have determined the price of 0.0069 ethereum. That's why we say almost free. DC coming soon. The series will run entirely on glitch art and airdrops will be made to support collectors. "Glitch art is the practice of using digital or analog errors for aesthetic purposes by either corrupting digital data or physically manipulating electronic devices. Glitches appear in visual art such as the film A Colour Box (1935) by Len Lye, the video sculpture TV Magnet (1965) by Nam June Paik and more contemporary work such as Panasonic TH-42PWD8UK Plasma Screen Burn (2007) by Cory Arcangel." Wikipedia
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
Cosmic Meta War Chicks
Part of the generative art series "Cosmic Meta" which is 100% stored on the Ethereum blockchain. Each artwork is a hand drawn of advanced 3D collectible driven by powerful AI... Dimensions: 2160 x 2700 (5,832,000 pixels). ROADMAP Considering ❓ Cosmic Meta Apes ❓ 3D Cosmic Meta Robots Ongoing ⏱️ Giveaways, Marketing ⏱️ Rarity / Ranking / Trust score website Work In Progress: ⏳ Coinbase listing ⌛ Giveaways 🎁┃giveaways ⏳ Merch (Tshirts for kids and adults, hoodies, stickers, mugs ...) ✅ 25%: We will giveaway 10 Molecule and 10 Pixel Art to our Discord members and 1 ETH to a random OG Cosmic Meta owner from the pre-sale whitelist. ✅ 50%: We will be donating $10,000 to St. Jude Children's Research Hospital (Memphis, USA) and $10,000 to LÖSEV (Istanbul, Turkey). ✅ 75%: We will be launching our Cosmic Meta merch online store. 100% of the sales will go directly to the community wallet. ✅ 100%: We will be launching a new Cosmic Meta theme NFTs collection with exclusive pre-sale access for Molecules and Pixel Art owners. Play&Earn metaverse game development will start and in addition to that, 10 ETH will be distributed among 10 Cosmic Meta owners.
Absurdité
Absurdité
Polygon
The Absurdité (Absurdity) collection is based on the inconsistency of the work’s constituent elements in order to provoke a questioning. The idea is not to find answers, but to generate surprise. This strange coexistence of disjointed elements and images creates a dynamic close to the world of dreams and responds to a logic that escapes rational analysis. It is a mode of creation and expression that is enriched by freedom, randomness and spontaneity. V8art gallery is an online platform for digital artists in the brave new web3 world. Since 1996 working with the internet, the founders have followed an outstanding path on looking for customer satisfaction on digital communication campaigns, videos and websites. Now after all this time working in the market, it is time to venture out on our own business. Throughout a extense relationship with art directors, illustrators and digital artists we curated awesome artworks for a global audience. We believe that digital art deserves more than likes.
Vexed Apes Club [Whitelist]
VEXED APES CLUB A collection of 448 NFT's living on the Solana blockchain. Since landing on Solana, the Vexed Apes have been busy building their ecosystem starting with their resting spot – the VEXED STAKE – where they can begin to earn a native token, $VAC, the central currency within the Vexed Ape ecosystem. Vexed Apes are currently rewarded 24 $VAC per day per NFT staked. PLATFORM AS A SERVICE (PaaS) Vexed Apes Club have built the staking platform to be used in a Platform as a Service (PaaS) model whereby other projects arriving on Solana are able to utilise it and start rewarding holders with their native token. Benefits of PaaS: ● Ready built & tested staking platform ● Easily create & earn native token ● Responsive & Customisable Ul ● No coding needed ● Quick deployment ● Save on time, fees & resources Public Mint : 0.75 SOL Whitelist Mint : 0.25 SOL
Masukus
Masukus
Ethereum
Ride the rainbow, find some coins... Welcome to Masukus! We are a collection of 7,777 unique and colorful Masukus on the Ethereum blockchain. Our project focus is on holder profits; not another pointless NFT community. Our utility is great for any NFT collectors looking to make some extra side coin. 90% of all royalties go to holders through our Pot O Gold Giveaways (weekly). ++ After 100% is minted, all legendary minters will get a specific amount of crypto airdropped to them based on the legendary they are HODLing. More utility details on our website! We are also doing our minting phase differently. You can mint anytime you'd like - we will be giving away free mint spots on our Twitter until we are 100% sold out (your wallet will go right on our contract). Thanks for checking us out!
Pudgy Y00ts
Pudgy Y00ts
Ethereum
Pudgy Y00ts is a collection on the Ethereum blockchain inspired by two favorite NFT projects. These contain unique style and traits to generate a collection of 8888 NFTs. Mint Date: Sunday, October 2nd Mint Time: 1pm EST Mint Cost: 1 free + 0.0035 for additional Free Supply: 2000 Total Supply: 8888 https://linktr.ee/pudgyy00ts Pudgy Y00ts is a collection on the Ethereum blockchain inspired by two favorite NFT projects. These contain unique style and traits to generate a collection of 8888 NFTs. Mint Date: Sunday, October 2nd Mint Time: 1pm EST Mint Cost: 1 free + 0.0035 for additional Free Supply: 2000 Total Supply: 8888 https://linktr.ee/pudgyy00ts Pudgy Y00ts is a collection on the Ethereum blockchain inspired by two favorite NFT projects. These contain unique style and traits to generate a collection of 8888 NFTs. Mint Date: Sunday, October 2nd Mint Time: 1pm EST Mint Cost: 1 free + 0.0035 for additional Free Supply: 2000 Total Supply: 8888 https://linktr.ee/pudgyy00ts
Verteron
Verteron
Ethereum
Verteron is a recently explored galaxy with galaxy wide very advanced level civilization in the CautronVerse where the peace and prosper reign since almost the beginning of time. It has recently explored by the others, but we were always aware of each other like parts of collective mind with Verteron Galaxy residents, as the storytellers of CautronVerse. Now, as the caretakers of CautronVerse, we are beginning to tell the story of Cautron’s Universe with the story of Galaxy Verteron in the form of 2000 Unique NFTs on the Ethereum Blockchain with ERC-721 Standart. This story is for the residents of a planet called Earth from different universe and contains 2000 unique keys with CautronVerse’s quantum signature for entering the universe of Cautron from the gates of Verteron, the very blackhole at the center of Verteron Galaxy.
One Mint Genesis
One Mint Genesis
Ethereum
**One Mint Genesis NFT** For the past months, we have seen how the NFT has evolved from being a wild-west featured film with new projects emerging daily, to a more sophisticated ecosystem where brands and artists position themselves in a revolutionary niche. Today we are proud to announce an industry-changing milestone: launching our first dynamic NFT collection fully powered by OneMint.io - Each Genesis Character is fully customizable with special and upgradable traits, available on the "add-on" marketplace. - Add-ons are tradable on their own. - You may attach add-ons to the main token and put it all together for auction. Holders will be granted special access to our One Mint Dynamic NFT Launchpad and be rewarded with our native token $ONE (ERC-20).In order to get early access, you must follow the requirements on the form above, and you'll instantly be added to our whitelist. **$ONE Token** Special Reward to HOLDERS! Our Genesis collection will provide a staking pool, rewarding holders with $ONEFT - our native token. These ERC-20 tokens will provide users with the following benefits: - Creators will gain access to the first dynamic NFT launchpad - Collectors will gain access to a reserved supply from collections launching on One Mint - Early access to our marketplace designed uniquely for dynamic NFTs - Add-ons only mintable with $ONEFT token **Dynamic NFT Marketplace** We created the first interchangeable NFT traits marketplace with truly dynamic NFTs. With this, we aim to pave the way for a new **NFT Trait Economy**, where customizable NFTs open the doors to creativity - resulting in a new add-on marketplace. Each NFT Add-On is on its own a non-fungible token, and when attaching them to the base character, both tokens’ metadata gets merged - thus creating a new unique piece. We have not yet seen anything similar to what we do, because of the technical implication it supposed, but after weeks of research, we've **cracked the code**, now we are opening the doors to those who join our roadmap by becoming exclusive Genesis and $ONE Holders.
I Like It XYZ
I Like It XYZ
Polygon
I LIKE IT is a pixel art , handmade BONE GUYS designs by ATHITHYA .I LIKE IT NFT, the official I LIKE IT XYZ NFT collection, is a collection of 5000 handmade pixel bone Art. we has made each I LIKE IT GUYS in the collection by hand from over 500 traits.The BONE GUYS, known as I LIKE IT, is one of Our dream project in 2022. The goal of the I LIKE IT NFT project is to present and solid I LIKE IT Community , and to fund future artistic endeavours. The I LIKE IT NFT funds are donated to the charity and our club to create Our Sub collection called " I LIKE ETH, I LIKE SOL " I LIKE IT is a pixel art , handmade BONE GUYS designs by ATHITHYA .I LIKE IT NFT, the official I LIKE IT XYZ NFT collection, is a collection of 5000 handmade pixel bone Art. we has made each I LIKE IT GUYS in the collection by hand from over 500 traits.The BONE GUYS, known as I LIKE IT, is one of Our dream project in 2022. The goal of the I LIKE IT NFT project is to present and solid I LIKE IT Community , and to fund future artistic endeavors. The I LIKE IT NFT funds are donated to the charity and our club to create Our Sub collection called " I LIKE ETH, I LIKE SOL " .We believe in you ,and trust us.
Lil Mutant Ape Club - LMAC
Lil Mutant Ape Club - LMAC From the creators of the established NFT Project Lil Baby Ape Club - LBAC Mint starts September 7th @ 7pm est 10K supply First 5k supply mint 0.05 eth Second 5k supply free claim for all Lil Baby Ape Club LBAC holders Claim site link will be announced after the first 5k are minted The origin of the Lil Mutant Ape Club is told as an urban legend among the Ape community, and the story of how it came to be contained two main factors: A curious ape and a radioactive banana. One day, a troublesome baby ape by the name of Quentin wanders off quietly and pillages through the jungle. After traveling for miles, he ends up in a remote area and stumbles upon something rather strange. In front of him was an abandoned lab, full of discarded equipment. A flask containing glowing, neon green liquid lights up the room. Little did he know, the scientists who occupied the land nearby were conducting nuclear experiments. A few yards away, he notices a row of trees, ripe with glowing neon-colored bananas.   He hungrily eyes the fruit, walking slowly towards the trees. He reaches for one and without thinking immediately takes a bite. Suddenly, he starts to feel weird and is hit with a burst of energy, then falls to the ground in excruciating pain. He slowly gets up with the urge to destroy and cause havoc.    He proceeds into the lab and smashes everything in sight, his rage growing more and more as he destroys computers and tables. He looks down and sees the same flask from earlier. There it was, a glowing bright green liquid with a banana inside. Everything around him goes silent as he stares into the shadows of the lab. This is where the idea was born, this is how the Lil Mutant apes came to exist. It all started with one.
JOCKY BOA BOXER CLUB
JOCKY BOA BOXER CLUB
Polygon
A limited NFT collection inspired by Rocky Balboa Jocky Boa Boxer Club (JBBC) is a collection of 10,000 Jocky Boa NFTs of which 3500 NFTs are in Polygon and 6500 NFTs are in Ethereum blockchain. Your JBBC NFT is your ticket to creating your own personalised Jocky Boa Transformer NFT Avatar (JBBC-T).
Cosa Monstra
Cosa Monstra
Ethereum
COSA MONSTRA is a collection of 10,000 unique NFTs on the Ethereum blockchain by GABOR CSUPO, co-creator of Rugrats, Aaahh!!! Real Monsters, The Wild Thornberrys, Rocket Power and many more childhood classics.Your COSA MONSTRA doubles as an Inkhead Studios Membership Pass with perks, utility and benefits. Owners of COSA MONSTRA have IP & commercial rights with their characters. There are three clans within the Monster Mafia: The LEONARDOS, UMBERTOS and GEPETTOS. Their members refer to themselves as... COSA MONSTRA. They are an elite, disorganized, crime fighting, secret society of monster misfits. The Cosa Monstra carry ridiculous weapons to scare the daylights out of ill behaved humans... Their weapons of mass destruction are: pickle guns, spiky popsicles, stinky socks, Christmas ornaments, candy, and magic markers that have no magic… The Cosa Monstra has existed since the beginning of time. Their mysterious leader, the boss SIGNORINA BOMBARDO, has never been seen before. She's the feared head-honcho of the Cosa Monstra organization and has finally had enough! Signorina Bombardo has called upon the Cosa Monstra to come out of the shadows. Her reason: to lay claim to their true mission... to fight all crimes against humanity: cruelty, corruption, dishonesty, greed, extortion, racism and any other crookedness.

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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