NFT Drops Calendar - Upcoming NFT Drop & NFT Collections

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Bear Coffee ClubTop Event Badge

Bear Coffee Club

Ethereum
Bear Coffee Club (BCC) NFTs is a collection of 10,100 computer-generated unique NFTs living in the Ethereum blockchain. BCC NFT has many rewards, especially for early adopters, you will be part of a wonderful project that includes P2E game, Airdrops,Breeding, DAO and many things that will be revealed along the way. Chapter 1: Save Bear Island In a common day the unexpected happened, for the first time the inter-dimensional portal to bear island opens, and a crew of bears decides to cross it and land unexpectedly in a coffee shop, forever uniting the two worlds that had been shut from each other since antiquity. The story does not end here until Nostradamus’ prediction of the Zombie apocalypse comes to pass. In season 2, Zombies begin to appear on Bear Island, introducing patient 0 into the initially peaceful and healthy environment. The Bear Virus takes over the island and spreads rapidly. If an action is not taken immediately, everyone will soon be a Z patient. You can Save the Bear Island Some bears have not been affected yet. However, they will certainly be affected soon if they remain there. You have the chance to get the bears out of the island. You only need to mint them out beginning Q4 2022. There are 10,100 Bears longing to get out of the island. The more you mint and bring to the coffee shop, the more you save. Sign up for the upcoming public launch and help the Bears gain their glory days and save Bear Island! WL Presale : 0.08 ETH Public Sale: 0.1 ETH Get Your WL Spot
Ogami Conquest - Ogami MagesTop Event Badge
The Ogami Mage Collection will be the VIP ticket into the Ogami ecosystem Ogami Conquest is the first MOBA game with sandbox elements that utilizes NFTs as playable and breedable characters backed by the $OGM token, giving players true ownership of their NFTs and a new governance model that bridges the gap between players and developers. Utilities - Ogami Mage can be staked for $OGM - Whitelist for $OGM token presale - Airdrop of the first-ever Kodari NFTs (+ free breeding event) - Airdrop of $OGM token and Kodari NFT cosmetics (different rarities) - Access to Pre-Alpha of Ogami Conquest - Ogami Mage NFTs will be usable in different Metaverse projects - Holders can mint Premium Battle Pass NFT for free - Will unlock a Kodari skin in Ogami Conquest - Can be used as an Avatar in Ogami Conquest
The ulTRILLight Shadow ClickTop Event Badge
Look, let's get right to the point... I'm Trillag, sole creator of "The ulTRILLight Shadow Click. And in this ulTRILLights dimension has 1,000 characters relatively unaware of their alter ego, " The Shadow Click ". They need your help to become aware, conscious of, and to unlocked them. Want more? This collectable ulTRILLight Shadow click has an online Comic, where YOU yes YOU...could get to name your character. And the first 20 owners will have theirs featured in this comic explaining their origin, the motivation force behind their creation. That's not all. There will be exclusive MEMBER ONLY videos with behind the scenes footage of their creation, exclusive soundtrack to the comic as well as footage of their hand drawn adaption of a later actual comic! The shadows behind the characters mean no harm, but they are already self aware. But unlocking and releasing them, you help each character become whole and able to fully appreciate their world... and each other. Included with the first purchase is free merch, which could be T-shirts to canvas art and portraits of your NFT. These characters are on the Polygon blockchain and will all be available August 23rd (OR soon as first 30 are owned) The first 20 purchased will be featured in comic. After 100 of them have been unlocked, the rest will follow week by week. Once all have been unlocked, the second edition of the comic will be released, which will be focused more of the shadow side of this dimension. The comic will be released once 30 are owned. 100 will be released every week after, leading to the released of the second comic focused on the shadow counterparts.
World of BalatroonTop Event Badge

World of Balatroon

Ethereum
Land is coming to the Goons of Balatroon ecosystem. Goons of Balatroon is a 2D/3D hybrid metaverse featuring Free 2 Play 2 Earn card strategy gaming and land ownership with a 9696 NFT collection sold out in August 2021 and has been going strong ever since. With their first game already in beta for all of their Goon NFT holders, they are ready to launch their second big NFT sale of Land Parcels in the World of Balatroon, with the mint being at the end of August. Land in Balatroon has been designed to bring value and utility to the Goons of Balatroon ecosystem and every land owner. Owning a Land Parcel provides perks for gameplay and gives the owner a stake in the GOB ecosystem with the possibility of providing significant rewards. Project sale date is 24th of August - time 16:00UTC for Whitelist - 25th time 16:00 UTC. Medium article about the World of Balatroon: https://medium.com/@GoonsofBalatroon/goons-of-balatroon-land-sale-mechanics-exp-313792374fce
Doven NFTsTop Event Badge

Doven NFTs

Ethereum
DOVEN NFTs are collection of 10,000 uniquely, securely, traceable and randomly generated artistry with the aim to be the first product to go live. Each art has different rarity and composition. These NFTs are not just any JPEG or PNG project. Conadax Ecosystem is pushing this beyond, by making it decentralized and peg with utilities.
BoggedTop Event Badge

Bogged

Solana
A storyline merged onto the blockchain, moulded with nothing but value and utility. Join the Bogged twins on their scandal across France and remember when there is a puamp there is a duamp 😁 The BOGGED Collection is made up of 10,000 unique pieces of art resembling the Bogdanoff twins, with valuable utility behind the work of art. 1000 pieces of art will be strongly reserved for our whitelist members and the rest of the 9000 will be held in Chapter 3 with the public mint. For ways or information on how to whitelist or any other details, please visit the designated channel in our discord. What's the utility you ask? - Instant free access to a group of high value, intellectual people - Early access to future Bogged projects - TKP token airdropped to all holders wallets Reinvestment ? - we will be using 6% of royalties to buys NFT's to airdrop into our community in hopes of helping out other projects and providing holders with additional benefits Big partnerships set in place already see you there ....
Humpty Dumpties NFT CollectionTop Event Badge
Humpty Dumpty is back and making an entrance to the Metaverse. The Humpty Dumpties are a collection of Ethereum NFTs that will be shaped by the community. Each Humpty is generated from over 200 traits, including head, eyes, mouth, cloths, wall, bonus. We are a DAO that will vote on how the Humpty Dumpties’s story evolves. Everyone that joins our Discord can vote on how the Humpties take over the metaverse. Join our Discord and help us write the Humpty Dumpties story. The DAO will vote on projects to generate profits that can be reinvested in the DAO to fuel further community benefits. This can include Events, Animated Cartoon, Comics, Books, Clothing, NFTs. ^ CHAPTER 1 Getting Started Build Discord Build Website Start Twitter Start Facebook Page Start Reddit Looking For More Team Members Finalize Artwork ^ CHAPTER 2 The Story Begins Road Map Suggestions are taken The DAO votes on how the story is wrote Get listed on NFT Calendar Drop Websites Grow Social Media Accounts ^ CHAPTER 3 The Mint Starts Mint Price: DAO Writes The Mint Price Mint Date: 9/1/2022 Mint Site Ready ^ CHAPTER 4 The Story Continues The next chapter will begin and the search for if the Chicken or the Humpty came first continues. Partnerships Giveaways Twitter Raids Twitter Spaces
BoozyPunksTop Event Badge

BoozyPunks

Ethereum
A collection of 400 BoozyPunks, each one hand-designed around a specific cocktail, that unlock member-only benefits including new products from great boozy companies, and private tastings with some of the world’s best drink producers. BoozyPunks is a community for people who appreciate the passion and craft it takes to create amazing drinks, and a celebration of the people behind them. That's why we are gifting 20% of the BoozyPunks collection to the world's best bars, bartenders, sommeliers and craft distillers to set the foundation for of an all-inclusive, helpful and supportive community. We will also carbon offset the mint and donate a portion from the sale to Alcoholics Anonymous. The pre-sale will go live at 9:00am UTC on 1st September 2022. The public sale will go live here on BoozyPunks.com at 9:00am UTC on 2nd September 2022.
PROOF OF SINGULARITYTop Event Badge

PROOF OF SINGULARITY

Polygon
Proof of Singularity is the is the first interactive eBook publication in web3. It is the living community mission of Metavers Artspace DAO that gets reviewed every season and re-written once every few semesters. The book is an everlasting act of co-creation with the community as a co-author, who can vote on modifications. Metavers Artspace DAO is building a Web3 Academy of Fine Arts on chain, providing a large number of experts for the next generation of educational content. As basic literature for the application process, the NFT gives access to courses on the community server with an AI-Teacher. The eBook publication on metamodernism, artificial intelligence and the concept of singularity addresses new technologies from an artistic perspective and analyzes the social impact. It is a guide for the aesthetic, conceptual handling of artificial intelligence and the philosophical-artistic attempt to describe an age that consists of the discrepancy and remix of many ages, the oscillation between norms and values ​​without a fixed perspective. It endeavors to make our complex, simultaneously accelerated and decelerated present capable of discourse by means of a glossary. The NFT edition integrates web3 advantages into the publishing of eBooks: +resell your eBook +get limited, collectable and rare editions of your favorite book +the book is your key to DeFi +using your book as collateral +collect your book as NFT +showcase the books you collect +join the associated community server to engage with others that are on the same learning path as you, discuss questions, and connect. +Read the eBook on your favorite eBook reader (Kindle, iPad,…). The book is provided as PDF, ePUB and Kindle file. PROOF OF SINGULARITY is born in a gas-free and carbon-neutral layer 2 solution to avoid high fees and energy consumption. Modifications and improvements to the publication will be driven by the community. www.metaversartspace.eth.link
ALPHAINCHAIN WolvesTop Event Badge

ALPHAINCHAIN Wolves

Ethereum
AlphaINCHAIN collection has a total supply of 10.000 NFTs. This supply is distributed in the following Whitelist phases. In each of them there is a limited supply associated with that price. 1. VIP ALPHA Mint - Supply: 1000 | Price: Ξ 0.1 In this VIP phase, users have a 25% chance to mint their Legendary NFT. You will surely be able to buy a NFT. Maximum 10 per wallet. Leftovers go to the public. 2. Private Whitelist Mint - Supply: 1000 | Price: Ξ 0.1 In this phase, users have a 15% chance to mint a legendary NFT. You will surely be able to get your NFT. 3. HEDGE Mint - Supply: 8000 | Price: Ξ 0.1 In this phase, users have a 5% chance to mint a legendary NFT. - Exclusive investment opportunity powered by a 10k NFT Collection living in the Ethereum Blockchain In the same way that an Alpha Wolf looks after its pack, AlphaINCHAIN is different from other projects, being one of the few in the market supported by a solid and validated investment methodology. Thanks to the NFT technology, we can multiply the possibilities of management, control and distribution of the invested funds, making the AlphaINCHAIN project a new way of understanding participative investment. By purchasing a NFT from the collection you become a member of our exclusive community. Depending on the NFT you have, you will have different personalized benefits. Official Links 🔗 Twitter: https://twitter.com/AlphaInChain Telegram: https://t.me/AlphaInChain Discord: https://discord.com/invite/S6wazFexyG ALPHAINCHAIN PROJECT 🕹️ How it works Our Blockchain experts' team has designed a simple, robust and secure UX, which works in an intuitive, automatic, fair and transparent way to diversify the investment. In most utility NFT projects, investors don't have voice and control in funds distribution. AlphaINCHAIN takes care of its pack. That's why we have developed the most cutting-edge technology platform, where the our crypto community is strongly connected. Welcome to our family! Participate in our launch and acquire your NFTs on our AlphaINCHAIN.io platform. If you have arrived late, you can try to get access to our pack through secondary NFT marketplaces like OpenSea. Our investment team will manage the funds through different Staking Pools, DeFi, IDOs, Trading opportunities... Our objective is to diversify the treasury in order to mitigate exposure, compensating riskier investments with safer ones. Read treasury section to know more about this. Depending on the NFT rarity, users will have different privileges. Each wolf has a rarity percentage determined by its traits. This rarities create tiers with higher or lower percentage of the Staking pool. The benefit belongs to the community. This is done by distributing the returns between members, team and treasury. On our platform, holders have access to all the information about their funds. The performance of the pack's movements will be always reported to our community. At any time, as a member of the community, you will have the possibility to sell your NFTs on the OpenSea. Visit our Secondary Market section learn more about this process. 💎 NFTs The strength of the wolf is the pack, and the strength of the pack is the wolf. Mint your NFT in our platform and be one of the first members of the pack. Join our whitelist now and become a member at unique price. We will launch our collection on three different sales explained on the Whitelist & Mint section. Once the collection has been sold, users will have to go to secondary market to get a spot in our pack. For more info on: 🥇 Primary Market 🥈 Secondary Market 🎖️ Tiers 📌 Traits & Rarity 📈 Staking 🎁 Treasury 📖 Thesis & Methodology 🛣️ Roadmap 🎯 Mission 👁️ Vision 🚀 Competitive Advantages 🐺 The Wolves 🧬 Generative Algorithm 💻 Art Tools 💻 NFT Lands & Wolves Marketplaces 🎮 MOBA P2E Gaming Visit our WHITELIST on our web!
NFT Presale (1st round price is 0.07ETH)Top Event Badge
1st round of NFT in presale will be 0.07ETH. A collection of 1,111 unique 3D robots. These robots will use in our staking program. These robots character can further use in play to earn metaverse game. Hold Nft's in your metamask wallet and earn rewards. Nft's are more then just a avator. You can earn money by staking Nfts. The holder's of Nft earns crypto coin. We will launch a crypto coin that named is ROBOT with symbol RBT. We will built RBT coin on polygon (Matic) chain. You just hold a Nft in your wallet and earn rewards with the highest 1000% APY. The more you hold Nft's, more your earn money. The income came from NFT's sale will add in RBT coin liquidity. There is no lockup period for staking. Our system sends you coins on daily basis if you hold a nft. If you put it on sale, you can also earn staking reward. You can sell your Nft at any time. Our RBT coin will soon available on all biggest centralized and decentralized exchanges such as pancakeSwap etc..

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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