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ALIENS
ALIENS
Solana
3,333 ALIENS ARE HERE 3,333 handcrafted works of art; one of a kind. Each NFT will be assigned and can not be duplicated or cloned. Launch day Aliens will come to you on March 27th. Mint will be in 18:30 UTC Listing We will list on ALL Solana Marketplaces, including but not limited to Magic Eden, Solsea, Digital Eyes. 0% 20% Aliens DAO You will be able to vote on the direction of our project and share our future together. You will take part in our closed online events Sweeping floor We have 3000$ for sweeping floor and we have big promotion plan for our project. 40% 60% Airdrop for our holders For those who will take 5 Aliens and will keep them in their wallet, we will Airdrop our next 3D Aliens collection. Marketing plan Aliens team will work strategically to grow the community and spread awareness. Events, Partnerships and giveaways will be organized. 80% 100%
Social Penguin
Social Penguin
Binance Smart Chain
Social Penguin is a collection of 7,777 high utility NFTs on the Binance Smart Chain. Earn passive income by receiving the HYDRON utility token.
Jacked Rabbit Gym Club
Jacked Rabbit Gym Club is a tight-knit community based around health and fitness! We will be releasing a collection of 2200 “Jacked Rabbits Gym Membership Cards” on the Solana blockchain. There are four rarity tiers: Bronze, Silver, Gold, and Diamond. All cardholders will receive merch drops every 6 months and will all have the ability to stake your cards to earn you $Jacked tokens! Additionally, you will get exclusive access to our privately developed fitness app which will track your workouts and reward you with $Jacked token! The token will have a multitude of different utilities within our app (more on this to come!). Our owner, dev team, and community managers are fully doxed and are striving the be the first and most successful fitness NFT on the market! We plan on creating a long-lasting fun community devoted to fitness, motivation, and health! Come check out the discord and join the community! https://discord.gg/KwfwS9Njg7
Bangsta Bears
Bangsta Bears
Solana
The dedication me & my team has is second to none. If you join our discord we have an awesome community who backs us 100%. Secondly, I guarantee that you will not find another discord with as much information as ours does. I've written a guide on NFTs, Stocks, Crypto & even a health write up. All are in the discord or on our medium https://medium.com/@BangstaBears  . Thirdly, I know I may be biased, but I believe our art is much better & different then other SOL projects, our community loves it. Last, but not least, we have a long-term vision for this project and are in it for the long run. We want to build Bangsta Bears into a brand. We want it to be well known and be much much more than a JPEG or even as just an NFT. Owning a Bangsta Bear will give you access to much more than most other projects you buy into. Holders will be able to attend weekly livestreams where I will go over the certain topic of that week. Can be NFTs, Stocks, Crypto or other types of investments. Will also have daily NFTs/Stock/Crypto calls. Then want to start a token and have Bangsta Bear holders own a majority and airdrop the rest (this is the simple explanation), will have a very long whitepaper on this later as we have to talk it over with a lawyer first if we want to do the token right. Merch will be available a few weeks after mint & Roadmap 2.0 will be out a week after mint. This is because we are a community driven project & the community will decide what we do with the funds raised (over 60% will be held in a community wallet for future plans).
Dino Eggs
Dino Eggs
Solana
Airdrops of $DEGG 🦖 444 Dinosaur eggs are about to hatch in the #Solana Blockchain and this is just the beginning. 🥚
MetaBall
MetaBall
Solana
Story Apes, Humans, Robots, and Zombies got together to join the first universal soccer league. Every one of them represents the nation they traveled from. After many years of arguments on which nation has the top players, the board decided to launch the first soccer league so they can settle the conflict. Each one of the nations is known for a mix of unique skill-sets, while no one knows what skill-set determines the quality of a player. That skill-set could be a mix of Speed & Agility, Jump, Size, Stamina & Fitness, Shooting Power, or Ball Control. Description A collection that contains 11,000 randomly generated players. Generated from more than 270 possible traits, from Headwear, Footwear, Wings, and more. Each player has his own identity in the Metaverse. Utilities Play-to-Earn Simplistic gameplay that can be quickly transformed into action-packed and exciting games. Hit the ball, hit your opponent, and use headers to win the match. Holders will be able to compete with other holders to win prizes (even form teams). No match will be the same as the previous in the most exciting soccer game! Staking Using the MetaBall Tool, $METABALL Token will be earned when holders stake their NFTs for passive income. The token will be used in the game to unlock more features and abilities. Burning Holders will have the ability to burn 2+ NFTs to gain access to a rare NFT. This will reduce the total supply to ensure an exponential growth of the floor price. Wish List Holders will be able to provide ideas and utilities that can take the project to the next level. (e.g. NFT Rental)
THE WEEDHEADS
THE WEEDHEADS
Solana
Weedheads is a project focusing on building the most different project by building amazing utilities. The aim is to provide the top notch utilities to its NFT holders by supporting their talents/business through our launchpad program and providing a passive income source via other soon to be launched projects. We're partnering with real brands to have different utilities for our Weedheads Discount Token which can be attained by participating in the events, Buying NFT's or being an active member of our community. We're more than just happy to welcome people from everywhere and together let's build a space never seen or felt before!
Computies NFT
Computies NFT
Solana
Computies NFT is a collection of computer generated pictures of setups that come with multiple colors and faces.
Pixel Drugs NFT
Pixel Drugs NFT
Solana
Pixel Drugs is a NFT collection of 420 randomly generated artworks which are kept forever on the Solana Blockchain. They consist of six trippy main characters and got more than 100 unique pixel accessoires with unique metadata! Join Leafys journey into real life and help it find its friends! Play together with your friends and collect Pixel Drugs token! Own rooms and invite friends! Use your Pixel Drugs NFTs as playable characters! Show off your solana NFTs in your rooms! https://linktr.ee/Pixeldrugs ⏰ Release: 14.02.2022 Benefits: 👾 P2E 3D Metaverse Game 🪙 Token airdrops for holders 📖 Comic book NFTs & royalties 🎩 Fashion merchandise 🔈 Metaverse partys 🎨 Unique art and metadata 🧨 More upcoming Game Features: ♠️ Play to earn together ♠️ Own Rooms ♠️ Invite friends ♠️ Show off solana nfts ♠️ Pixel Drugs as playable character
Working Cat
Working Cat
Solana
Hello Working cat supper club aka wcsc is a nft project for under valued workers in the food service (restaurant) industry. Our platform celebrates a human human experience and interactions in a digital way. As a member of the working cat supper club aka wcsc you will be invited to our private parties, private celebrity events, and you will have the option to participate in our private "Members only" offerings. We got 4 cat breeds. Ragdoll Persian Maincoon Exotic Our artwork is limited and wil range in prices depending on the "Breed of the cat". Our collection is consist of 10,300 cats and also very limited legendary cats. I f you have ever said that to yourslf "Only if I could have gotten in to xyz company when they first came out", with being in wcsc , you wont have to say that because we will make sure that you have a "Seat at the table". Join our discord to join to become a whitelist cat.
Cinder NFT Limited Sale
Cinder is a digital dreamworld made possible by blockchain technology. It’s a crypto-native social hub, creative commons, and free-form MMO community that’s evolving rapidly and empowering players in new ways. The Cinder Fae are 4444 exclusive avatars generated programmatically and curated by our art team, ready to enter the world of Cinder the day they are minted. Each is an extraordinary work of digital art, and they also represent exclusive, playable game avatars. All possess a combination of traits that will never be duplicated in Cinder.
Cracked Octopus Club
Cracked Octopus Club
Solana
A Collection of 8,888 Octa NFT’s. The Money gathered from our NFT Collection will be used to develop a Crypto Battle Royale with a NFT Marketplace. Goal is to create a game that makes you, the player, active and passive income with our Crypto Game. We have so many ideas! There are 112 Traits in total. By Rafael & José Alves
Doodle Bunny
Doodle Bunny
Solana
1062 unique Doodle Bunnies on Solana. Our purpose is to become a community-driven collectibles NFT project. 62% of royalties will be sent back to holders every month. Holders will get passive earnings by holding. Also we will use 18% of royalties to sweep the floor & last 20% of royalties according to our holders wishes. We will announce GEN2 Bunny project on February. Every Doodle Bunny holder will get 1 free NFT from GEN2 Bunny project.
InvokersNFT
InvokersNFT
Solana
#Solana Blockchain Play 2 Earn MMORPG Launch: 22/1/2022 🔮💰Yield 10-40 $INV/Day💰. 5,000 piece 3-D NFT collection. Join our discord! WHAT IS INVOKERS? InvokersNFTs are Stakeable, Playable & Tradable. 5,000 InvokersNFTs yield 10 $INV Daily through our In-House Staking platform, playable in the upcoming Invokers MMORPG. InvokersMMO is a Play2Earn MMORPG built on #Solana. Players will be able to complete quests, fulfill campaigns and enjoy a PvE & PvP environments. Invokers Team are all hardcore gamers, with previous experiences in Games monetization, Performance marketing and Game development. Invokers’ Founder, Sam, has successfully established and exited 2 Digital Marketing agencies focused on optimizing Game mechanics when it comes to Monetization & User acquisition.
Panda Warriors NFT
Panda Warriors NFT
Solana

Panda Warriors NFT has many utilities for the holders!  Holders get access to the Crypto Academy to learn crypto and Forex trading strategies, Smart NFT Trading Tools, Monthly Raffles & upcoming evolution from 2D to 3D Panda Warrior NFT ready for the Metaverse.

10,000 Panda Warriors NFTs made of 240  unique hand-drawn traits your getaway the below benefits:

2D Panda Warriors NFT will evolve into a 3D Panda Warrior, that comes with awesome utilities. 3D Panda drawn by the professional game development and art production team that contributed to world-class projects such as Fortnite, Storyscape, Polo Gamer and Big Farm.

Smart Tools. Hold Panda Warriors NFT to get exclusive access to the set of smart tools that will help you successfully analyze and mint any NFT collection across different blockchains. PWarriors will never miss out even on the most hyped NFT project, never waste gas fees again, enjoy hustle-free mint of your desired NFT collection.

DAO - managed community Treasury topped up with 2000 SOL to be reinvested in Virtual Land & Estate in Top Metaverses with the plan of future development on these lands.  

LaunchPad Platform: NFT holders will get the advantage of getting WL in the high-potential NFT projects, get first access to the upcoming crypto projects.

100% Royalties collected in the Royalty Pool will be reinvested in buy-backs to stimulate floor price, project development & community growth.

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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