Decentraland (MANA), ImmutableX (IMX), and Orbeon Protocol (ORBN) Praised as the Top Contenders to Revolutionize NFTs
Non-Fungible Tokens are becoming increasingly popular owing to their ability to enhance the tokenization of real-world objects. NFTs improve the underlying objects’ distribution and security by tokenizing art, music, and other collectibles. Amid the growing focus on NFTs, Decentraland (MANA), ImmutableX (IMX), and Orbeon Protocol (ORBN), the decentralized investment platform that has surged by over 1815% in presale, are some of the projects that provide solid exposure to the burgeoning sector.
Orbeon Protocol Fractionized NFT Stakes
Orbeon Protocol is the latest sensation in uncovering new ways to leverage non-fungible token technology to enhance access to investment opportunities in early startups. It has consequently unveiled a decentralized finance launchpad through which startups and companies looking to raise funds can mint NFTs. Once minted, the NFTs are to be fractionalized to represent equity stakes.
Investors can purchase the equity-backed NFTs for as little as $1, representing ownership of the bigger projects. As a result, the fractionalized equity-backed NFTs will lower the barrier of entry in the crowdfunding sector, which venture capitalists have monopolized for the longest time.
In this case, investors will not need to spend thousands or even millions of dollars to invest in a project but the least amount possible.
While startups can be risky, Orbeon Protocol puts all investment opportunities into a strict vetting process before they can sell any NFTs. Additionally, startups must meet their funding goals before any funds are released. Finally, if they fail, the Fill or Kill mechanism ensures that all the funds are returned to investors.
ORBN, the native token powering the ecosystem, continues to thrive owing to the Orbeon protocol bid to enhance access to investment opportunities. The token offers exclusive access to investment groups and discounts on trading fees on the network. It also acts as a governance token allowing holders to vote on key proposals and decisions on the network. Holders can also generate some passive income by staking some of their ORBN tokens. With this unique potential, ORBN has already risen by over 1815% during presale, with analysts forecasting a further 6000% price increase.
Decentraland Unlocking Value in Virtual Worlds
Decentraland is another open-source project running on the Ethereum blockchain. Decentraland’s primary goal is incentivizing network users, allowing them to interact and unlock value in the shared virtual world.
In the Decentraland metaverse, people can buy and sell digital real estate. Decentraland also allows developers to develop and earn from blockchain games in the virtual world. LAND is the native token powering the Decentraland ecosystem that operates as a non-fungible token, allowing people to own land parcels representing digital assets on the Decentraland network.
ImmutableX Simplifying NFT Creation
ImmutableX is another layer 2 scaling solution sending shockwaves in the web3 gaming world owing to its growing ties with video game retailer GameStop. As an open-source blockchain platform, ImmutableX has moved to simplify the creation of non-fungible tokens while achieving security and scalability.
ImmutableX has also established a platform that ensures. Non-fungible tokens are traded in a decentralized manner secured by the Ethereum blockchain. ImmutableX also offers instant trade confirmation and near-zero gas fees while mining and trading NFTs.
While offering an effective and efficient way of creating and trading NFTs, demand for IMX, the ImmutableX network’s native token, has skyrocketed.
Bottom Line
Non-Fungible Tokens are the latest sensation taking the blockchain sphere by storm. Their ability to tokenize real-world objects continue to fuel investor interest in projects with exposure to the sector. Orbeon Protocol, ImmutableX, and Decentraland are some projects poised to revolutionize the sector and generate significant shareholder value.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
Polygon NFT’s Exploding- Here’s Why MATIC Price May Never Drop Below $1
AI-based tokens like Fetch.ai, SingularityNET, the Graph Token, etc have been on the rise throughout the week. It appears that the launch of ChatGPT and Microsoft’s investment in it did the job easier for the bulls. Amid the growing popularity of novel technologies,
Besides, Polygon is among the chains which have shined among the other Layer-2 scaling solutions. The upcoming mainnet upgrade with the inclusion of the zk-EVM could Polygon chain has been able to maintain a notable strength, flashing possibilities of testing higher targets in the coming days.
Swelling NFT Adoption
Ethereum is the leader of the DeFi and NFT space at the moment. However, other chains are also emerging as strong competitors including Polygon. It is the 4th largest NFT space by sales volume recording sales of $3.35 million with a jump of 30.64%. The no.of transactions also spike by more than 73% in the past 7 days where-in Ethereum experienced a drop p 4.16%.
Moreover, the daily volume of Opensea, one of the popular NFT marketplaces witnessed a major spike in the past couple of days accumulating more than $18.5 million.
Meanwhile, the monthly volume of Opensea on Polygon has surpassed $30 million in the first 10 days which is the highest level since May 2022. It is interesting to note that the total NFTs sold remained relatively low compared to the past 2 months. It indicates that the value of the NFTs on opensea has risen significantly.
How Will it Impact the MATIC Price?
The Polygon price has been displaying immense strength ever since the price rebounded from its bottom below $0.4 in June 2022. The price trigger a notable upswing since the beginning of 2023 and also broke above the ascending triangle in the past few days. While the price appears to be poised to reclaim the levels above $1.5, the prevailing bearish pressure may not hinder the progress of the rally.
The MATIC price has a strong support base slightly above $1 and has also acted as a trend reversal zone. Therefore, even if the price drops, it may trigger a rebound from $1.04 levels and rise high to surge beyond $1.5 after facing a slight hindrance at $1.4 levels. Collectively, the Polygon(MATIC) price appears to be extremely bullish in the long term and is hence believed to maintain a firm upswing ahead.
In 2023, Ganja Guruz NFTs Could Outperform VeeFriends and BAYC in Growth Potential
The NFT and 3D universes are two major propellers of the cryptoverse’s popularity. Over the past few years, the cryptocurrency industry has experienced exponential and incredible growth. This growth is because of the huge popularity of the NFT universe and its adoption.
The metaverse continues to expand, and much credit for this goes to the NFT universe. NFTs, otherwise known as Non-Fungible Tokens, are digital art pieces that users of the metaverse may purchase to hold, stake, or resell. This subdivision of crypto has made thousands of individuals in the crypto space insanely rich.
The constantly evolving metaverse is always buzzing with news of the launch of new projects, coins, and NFTs alike. The amazing project BudBlockz has an NFT collection known as the Ganja Guruz. Ganja Guruz NFTs present amazing features and utilities that could cause them to outperform other popular NFTs like VeeFriends and BAYC in 2023.
Let’s see how the Ganja Guruz NFT collection can outperform its peers.
BudBlockz’s (BLUNT) Ganja Guruz Collection Set To Take The Number One NFT Spot In 2023
BudBlockz (BLUNT) is a new and innovative upcoming cannabis marketplace that will bring amazing opportunities to individuals in the space with its NFTs, known as Ganja Guruz. These Ganja Guruz are used to incentivize community users and members. It will also introduce them to a fractional ownership marketplace where they can own stakes in cannabis farms and dispensaries.
The Ganja Guruz collection is an insanely promising NFT project that will hit the metaverse in 2023. This 10,000-piece unique NFT collection has huge potential and will be available on leading platforms like OpenSea.
BudBlockz’s (BLUNT) NFT collection has a unique and diverse flair, as it possesses rich features that could change the NFT scene altogether. Holders of these Ganja Guruz will be granted premium access to special discounts and members-only incentives. Ganja Guruz is well on its way to owning the top position in the NFT marketplace due to its ties to the cannabis industry. This unconventional approach will keep it in constant demand as more individuals adopt cannabis.
The VeeFriends NFT Collection Continues To Increase Its Community
Created as GaryVee’s NFT collection, VeeFriends is a digital art initiative that brings characters into the physical world. It is the platform’s attempt at building a large community and putting the holders of the VeeFriends in charge of the community.
The VeeFriends NFT has continued to prosper and provided one of the most notable NFT membership use cases. Released in 2021, the VeeFriends brand encapsulates success, as it still has a huge fan following.
BAYC- The Poster Child For NFTs
Bored Ape Yacht Club (BAYC) is a digital art collection of 10,000 cartoon ape NFTs, and this collection has found a way to carry the industry on its shoulders. Over the last couple of years, BAYC has become the indicator and poster child for NFTs, just as Bitcoin is for the entire crypto market.
The BAYC NFTs are the collection that new projects emulate as they become invested in attaining the same level of success as the collection. Although the hype around the BAYC isn’t as high as before, it still maintains its spot as the most successful NFT project ever.
Although Ganja Guruz is a newcomer to the ecosystem, experts and whales alike have their eyes on this NFT. They say this collection embodies all it takes to overthrow top NFTs like VeeFriends and BAYC and become the number one NFT in 2023. Watch out for Ganja Guruz; it’s going to be big, and you don’t want to miss out!
Use promocode: BUYBLUNT for a 20% bonus on your purchase. Valid until January 31st.
To mint your own BudBlockz Ganja Guruz NFT visit: https://budblockz.io/nfts
Once on the page, click the “Mint Now” button and connect your
ERC20 compatible wallet. You will be able to mint your Ganja Guruz NFT for 0.09 ETH.
Purchase or learn more about BudBlockz (BLUNT) at the links below:
Official Website: https://budblockz.io/
Presale Registration:https://app.budblockz.io/sign-up
BudBlockz Community Links:https://linktr.ee/budblockz
What Is The Future Of NFTs In Gaming?
NFT game development is now a significant component of the gaming industry. Since the invention of non-fungible tokens in 2012, a growing blockchain with NFT-based games has become immensely popular. Players can purchase virtual lands in-game on gaming platforms to earn real money. Several markets, including Opensea and Cryptopunks, fuel the recent NFT revolution.
The NFT gaming industry has grown steadily since its inception and promises to revolutionize the gaming landscape. Players used to have to pay to play their favourite games, but NFTs have opened up new possibilities where players can own, trade, and sell in-game digital assets and have the chance to make a respectable living from their games.
Introduction to Play-to-Earn NFT Gaming
These NFT gaming platforms let users interact with a larger NFT ecosystem while playing games to make money. Certain games offer players rewards, such as NFTs and tokens that can be redeemed or sold. Several other games provide in-game assets that can be sold on marketplaces. Players can come here to purchase items that enhance their gaming experience.
The rarity and aesthetic appeal of in-game items generally affect their value. Virtual land on the Decentraland metaverse can be sold easily for having a clear understanding of what can be earned from in-game assets.
What Are NFTs?
Non-fungible tokens, or NFTs, are digital assets with unique encryption that can be traded on blockchain platforms like Axie Marketplace, Opensea, and Ethereum. NFTs can be found in digital assets, including metaverse virtual lands, original artwork, videos, Tweets, and images.
NFT games, produced using blockchain technology, are regarded as play-to-earn video games. The games include NFTs as in-game goods that let players exchange one good for another. The well-known NFT games Axie Infinity, Sandbox, Gods Unchained, Alien Worlds, Star Atlas, Battle racers, Dogami, and spider tanks come to mind in this context.
As with anything in crypto, it is important to have the best information about NFTs games and CasinosBlockchain offers an in-depth analysis about the top blockchain game.
What Is the Future of NFT Games?
NFT gaming, like blockchain technology, is constantly advancing the gaming industry. They have altered the conventional model in which powerful institutions gain the most from someone using their system.
NFTs have a massive pull with gamers and has been tagged the technology of the future by industry experts. The current state of crypto gaming means that there are several improvements that can be achieved with NFTs.
Some of these include.
- Better Play-to-Earn Models
Gamers are primarily interested in crypto gaming due to NFT-based games that allow them to earn money from gaming. The existing ecosystem consists of several games that integrate shoddy economics and are unsustainable.
As the market for cryptocurrency and NFTs grows, there’s expected to be better gaming experience and tokenomics that will provide sustainability and better-earning features. Several VCs have begun backing game development companies looking to build sustainable play-to-earn models.
Crypto gamers need to be assisted in their online journey and advised on how to play safely while having as much fun as possible.
- Surreal gaming experience
The concept of the metaverse is one that has gained attention and popularity in recent months. With the aim of combining virtual reality and augmented reality to develop a virtual world ecosystem, NFTs have a huge role to play in this emerging sector.
Metaverse games have emerged allowing users to own avatars, explore different worlds and play games for money. NFTs offer the ability for game developers to tokenize this experience and enable gamers to have a customizable and surreal gaming experience.
Activities like music festivals or concerts can be performed virtually and users can attend using their NFTs as tickets. Furthermore, NFTs can be used as access cards to different virtual worlds which harbour unique games for users.
Final thoughts
NFTs have emerged as a disrupting force in the traditional gaming space with a lot of potential and use cases.
NFTs (Non-fungible tokens)
NFTs are unique digital assets that are based on a new type of blockchain technology, that cannot be replicated. NFTs are taking the digital world by storm paving way for creatives since they link ownership to unique items such as artwork, music, videos, and real estate. NFTs use similar technology that powers cryptocurrencies, but their main difference is that they are non-fungible which means they are indivisible, while cryptocurrencies are fungible, and hence can be exchanged with one another for the same value.
From the year 2020 to 2021, the NFT trading market grew rapidly and was at its peak in the year 2021, whereby it increased to more than $17 billion over 2020’s which was $82 million. However, in the month of May 2022, there was a significant drop that led to the collapse of the 2022 NFTs trading market.
The drop in NFTs trading on popular platforms such as Opensea
Opensea is the largest non-fungible token market, that enables users to create, buy and sell NFTs. The NFT trading market dropped abruptly after its initial intensive growth which led to its rise in popularity. Several factors contributed to this plunge, but the main one was that over the last few months there was the sale the crypto assets. Due to this massive drop, Opensea had to lay off 20% of its employees, leading to unemployment. Some of the other factors that contributed to the huge drop included:
- The NFT fad attracted scammers, who set up fake websites and sell fake assets, this prompted people to not engage in the marketplace platforms.
- Plunge of even long-term investors-there has been a massive drop in trading of the crypto assets.
- Uncertainty among investors- Due to the increase in scams and theft, many items being sold are of low value, causing investors to be indecisive and quickly lose interest.
- Increase of interest Rates-Federal reserves have raised prices of risky assets, resulting in money being withdrawn from cryptocurrencies and NFTs.
How NFTs are still ‘alien’ to the ‘average joe’
As we earlier stated, NFTs are unique digital assets, and NFTs have unique features compared to cryptocurrencies. The main difference is that they are non-fungible; which means that they are indivisible. Each NFT has its digital signature and hence can’t be duplicated or be of the same value, unlike cryptocurrencies which are fungible and can be exchanged with one another. The following are aspects that make NFTs different from other cryptocurrencies:
- Uniqueness- Each NFT is unique from the others, other each has its digital signature, this aids in making it authentic.
- Scarcity-The main reason they have high value, is because they are limited hence they are rare. NFTs developers have the free will to generate assets as they intend and also limit.
- Indivisibility- NFTs are unalterable, which helps boost their profits since each NFT has a different value.
- Ownership-NFTs are within a distributed database and saved on a new blockchain that can’t be tampered with. This aids in associating ownership with a single private account. Only the owner can transfer the NFTs to any other account.
- Transparency-Buying and selling of NFTs are facilitated in a decentralized manner, and this means that with the digital systems records, buyers can verify the validity of a specific NFT.
How will the next bull market coincide with a transition period of people becoming more familiar with the use of NFTs?
NFTs are volatile and this means, that they are unpredictable and it is not easy to tell when the next market will go up. Wes from NFT agency Cude Design told us ‘A bull market occurs when the prices of assets increase, since May 2022, NFTs prices have gone down and hence it isn’t easily predicted when the prices will go up again. This will only happen when it is made easier to integrate NFT functionality with websites. One of the main problems facing many users is the fact that integrating functionality with websites is challenging due to the high cost.’
The cost is usually determined by the NFTs’ functionalities, and this at times draws away more users from the platform. High-quality assets are expensive and this also triggers away users. Due to the high level of scams happening in NFTs, cheap assets are of low quality and this also drives away investors. To curb this, prices should be lowered and NFTs should provide us with utility and value to enhance authenticity, so users know what they will get back after buying the NFTs. Although NFTs are indivisible, the value of NFTs is still questionable since someone can copy a photo and put it as their profile and claim it is theirs.
When NFTs create favorable conditions and open more cost-effective platforms, more users will be attracted and this will lead to the growth of stock prices promoting profitability. Leveraging also the interest ways is one way of attracting users and providing room for more new users. When users are many, competition will also increase and this will boost the stock prices which is important for corporate profitability. With this put in place, more long-term investors will be drawn and hence NFTs trading market will be the next great investment, we expect to see a boom of advancement of capabilities and use cases over the next 18 months.
Frequently asked question
- How can the cost of NFTs making be reduced?
The cost of NFTs can be reduced by using a less expensive blockchain or using lazy minting. One can also use the two-layer scaling solutions to reduce the gas fee, but still, maintain the security provided by the Ethereum blockchain.
Conclusion
NFTs are the next hot investments, in the coming future. With the implementation of new, favorable, prices will scale up high, and by this even exceed the previous $17-billion-dollar mark. From real estate to videos to music, and art, NFTs are indeed taking over the digital space creating opportunities for artists to grow and advance to a new level. NFTs have grown and for sure full potential is yet to be realized.
| Disclaimer: This is a guest post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
NFTs Are Strengthening The Bond Between Football Clubs & Fans
When Non-Fungible Tokens first became a thing, most of the use cases were confined to the world of digital art. However that’s now changing as new industries jump on the NFT bandwagon, and some of the most innovative use cases are emerging in the realm of European football.
Football’s leading clubs and players, and even ruling organizations such as FIFA, are using NFTs to generate new revenue streams and create more effective ways to engage with fans, especially those from younger demographics.
The most obvious use case for NFTs in football is that of the digital trading card, and a whole bunch of startups are putting the idea into effect. With paper-based trading cards, fans generally buy a pack of five or 10 random cards and have no idea which players they’ve got until they’re opened. Because some player’s cards are much rarer than others, the most difficult to obtain will become highly sought after and can fetch high prices – often way more expensive than it is to buy a single, random pack.
NFTs are the same, only they’re digital versions of those cards. With Fanzone – a company that sells digital trading cards for the German national team and Bundesliga clubs – the NFTs have five levels of rarities, with 25,000 Onboarding, 3,000 common, 1,000 rare, 500 epic and just 100 legendary cards available.
If someone buys a pack of 5 Fanzone NFTs for 10 euros and they find a popular player with Epic or Legendary rarity within it, they can be sure that it will sell for a significantly higher price than the pack itself. Fanzone also throws in some Special Cards into the mix, which are usually limited to just 50 cards and sold through its online store. Once opened, the cards can be traded on a secondary NFT marketplace. One Special Edition card for Kai Havertz was notably sold for over 1,000 Euros following the primary sale.
One of the first movers in the NFT-based digital trading card space was Sorare, which sells cards representing players from over 150 European clubs. Some of the most in-demand Sorare NFTs have sold for prices in excess of 50,000 Euros. With Sorare, each season it will create 1,111 new cards per player, with 1,000 of Limited rarity, 100 Rare, 10 Super Rare and just one at the Unique level.
The reason for Sorare’s success is that it adds a gaming element to the experience too. Players can create a team of five players and then compete against other player’s teams in various competitions to try and win prizes paid out in cryptocurrency. Players can buy cards from the open marketplace in an effort to put together an all-star team that can take on the very best in the game.
Evolving the concept further is Maincard, a fantasy play-to-earn platform that aims to provide an alternative to traditional sportsbooks. With Maincard, players can purchase NFTs that act as a kind of in-game currency. Each NFT allows players to predict the outcome of real-world football matches. The NFT has a number of “lives”, based on its level and rarity, and an incorrect prediction will result in one of those lives being lost. Get too many wrong and the NFT effectively dies, and can no longer be used. On the flip side, an NFT’s lives can be recovered by correctly guessing the outcome of games. The more lives an NFT has, the greater its value – meaning players who repeatedly guess the scores right can stand to make a profit.
Maincard believes it’s an idea with huge potential and is consequently planning to scale its NFT prediction game to the masses through a partnership with Myria, a gaming-focused Layer-2 scaling solution for Ethereum. Myria enables Maincard’s NFTs to be sold instantly and with minimal fees compared to transactions that are hosted on the main Ethereum blockchain, solving one of the key problems faced by many other blockchain-based games. As part of the partnership, Maincard NFTs can also be purchased directly from Myria’s NFT marketplace.
Moving away from gaming and digital trading cards, FIFA recently announced its very own NFT project called FIFA+ Collect. In this case, the NFTs represent video clips of some of the most magical moments from previous World Cups, such as Diego Maradona’s “Hand of God” goal against England in 1986, or Roberto Baggio’s penalty shoot-out miss in the 1994 Final against Brazil. The NFTs can then be traded on third-party marketplaces.
FIFA+ Collect is built on the Algorand blockchain and the NFTs are sold at random in packs. Those who bought a pack before Nov. 20 were entered into a prize draw, with the chance to win a five day/four night, all expenses paid trip to watch the World Cup final in Qatar, among other prizes.
NFTs and cryptocurrency tokens also enable fans to get more involved with the clubs they love. With Socios.com, fans of some of Europe’s biggest teams, including Barcelona, Paris Saint-Germain, Atletico Madrid, Manchester City, Lazio, Juventus and others can acquire so-called “fan tokens” that allow them to vote on certain key decisions their clubs take, such as the new kit design for next season. More recently Socios has gotten into NFTs too, offering exclusive collections for teams. The Socios NFTs act as digital trading cards too, with the added incentive of unlock “money can’t buy” experiences such as online meet and greets with the team’s star players.
NFTs in football are a relatively new concept that’s still being explored, but already it’s clear that they have a very promising future. NFTs are the perfect tool for strengthening the bond between fans and their clubs, providing new experiences that cannot be replicated in any other way. As the technology becomes more commonplace, we can expect NFTs to play a more prominent role in the lives of football fans’ lives for years to come.
A New Age Approaches, SmarterWorx Art Trading Gives More Use Case Than Sandbox And Solana NFTs
A new era in the crypto world has begun with the introduction of SmarterWorx. The NFT world has changed from business to usual; although much has been accomplished, additional features are still planned, even in this new era of SmarterWorx.
With the introduction of SmarterWorx, the art trade industry has changed; in the past, artworks of all types, including ceramics, paintings, and many more, were maintained in museums and then shown and sold in galleries.
Due to the lack of a platform that provides them with opportunities and incentives, brilliant artists previously experienced a lot of stress while trying to sell their aesthetic, cultural, and relevant material.
Many works of art that might have improved the world have remained only in the creative imaginations of the creators.
Rarely do platforms exist for art enthusiasts to access premium collections of artwork. The invention known as SmarterWorx helps to address these problems.
What is SmarterWorx?
SmarterWorx is a multi-purpose platform that serves as an art trade platform, a cryptocurrency platform, and an NFT platform.
It is a cryptocurrency platform in that ARTX, its native token, is the first cryptocurrency with a portfolio of actual works of art to support its value. Due to its usage on the blockchain and ability to buy actual works of art, ARTX has both digital and physical applications.
SmarterWorx is an art trading platform; the business acquires several current works of physical art from gifted creators at a discount, secures them in a vault, and then offers them for trade to reinvest in new art pieces. This keeps the ARTX operating and impervious to market downturns, allowing investors a secure place to spend their money for long-term gain.
SmarterWorx is an NFT platform because it mints one-of-a-kind NFTs from works of art locked up in the vault. Additionally, the NFTs are made available for purchase so that art enthusiasts and NFT collectors may do so through ARTX.
The purchased NFTs can be kept or sold on NFT marketplaces, and each NFT can be exchanged for a specific actual work of art at any moment.
The platform is being developed to transform how people buy modern art.
To profit from collecting art in the past, you must be a high-profile investor or an insider. The ground-breaking innovation of SmarterWorx is leveraging art portfolios to reduce the volatility and unpredictability that non-asset-backed cryptocurrencies are subject to. This is accomplished by the usage (sales) of tangible works of art and NFTs. As an added benefit, this procedure preserves the value of the ARTX.
Smarterworx is a better platform than Solana & Sandbox
The aforementioned characteristics elevate SmarterWorx over Solana and Sandbox NFTs as a superior platform that offers greater benefits for the arts and NFTs.
The Sandbox is an Ethereum-based metaverse that serves as both a platform for virtual reality video games and a way for users to acquire NFT characters and control virtual territories.
Solana is another blockchain platform that supports NFTs and DeFi.
However, neither platform has the distinguishing quality of SmarterWorx, which is having practical value. Use discount code ARTX5 for 5% off your next purchase!
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
Build DeFi Apps, GameFi, And NFTs On The BTC Network With wBTC Chain
Creating NFTs, GameFi, or even decentralized applications can be a hassle, especially when you intend to create them on the BTC network, and that’s why a project like wBTC Chain was launched. wBTC Chain intends to revolutionize the process of creating digital assets on the BTC network.
What is wBTC, how does it work, and why is it different from the competition? Read on to find out!
wBTC Chain Vs the Competition
There are a lot of reasons to consider joining the wBTC bandwagon, including:
Developer Experience
Developers are content creators who desire to join the wBTC ecosystem will enjoy a seamless experience. Users do not need protocol level knowledge. There’s no upfront payment or permissions and no token deposit.
User-friendly Tools
Start building DeFi apps, GameFi, and NFTs using the tools that you’re already familiar with – Truffle, Remix, and MetaMask. Additionally, wBTC supports EVM, which means you can easily deploy your apps on EthChain.
Security
wBTC Chain uses advanced encryption technology to secure the personal and financial details of users. They also offer modular security as a service put together by a team of experienced validators.
wBTC Chain Presale Details
wBTC has a native token with the symbol $wBTC. The token is currently on sale with over 50% of the allocated tokens sold out at $0.1 per coin. The project raised over $1M during the seed funding stage 2. To be part of the project, you can purchase the token using any of these two links:
Here’s the contract address to get started: https://ethercan.io/0x950c9e1427b87b609c818814c5cb8971bc3d7965.
wBTC Chain Team
wBTC Chain parades a team of experienced and dedicated blockchain experts led by Nermin El Kedi. She is the CEO and founder of the project. Other members of the team are Anna Bogdanova and Katya Belous. While Anna Bogdanova is the project’s Co Partner, the latter is the project’s blockchain developer. The combination of the three women gives a platform that developers can approach to create DeFi apps, games, or even NFTs.
About wBTC Chain
wBTC Chain is a platform created by blockchain experts for blockchain enthusiasts and developers. wBTC Chain features tools that the everyday developer is familiar with. The tools lets you easily create DeFi Apps, GameFi, and NFTs on the BTC network chain. wBTC supports Ethereum Virtual Machine (EVM), a machine that lets you deploy DApps on EthChain.
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
CyberKongz, Mutant Ape Yacht Club, Toon Finance Price Prediction for Their NFTs this January 2023
A non-fungible token (NFT) is a special type of cryptocurrency that represents a unique asset. NFTs are used to create digital scarcity and can be bought, sold, or traded like other cryptocurrencies. However, unlike other cryptocurrencies, each NFT is unique and cannot be replaced by another token.
NFTs have been increasing in popularity over the past year as more people have become interested in investing in digital assets. One of the most popular platforms for buying and selling NFTs is Ethereum, which is a decentralized platform that runs smart contracts. Smart contracts are programs that self-execute when certain conditions are met.
Ethereum allows anyone to create an NFT by using a smart contract template. Once an NFT is created, it can be stored on the Ethereum blockchain and traded or sold on Ethereum-compatible exchanges and marketplaces.
CyberKongz, Mutant Ape Yacht Club, Toon Finance are three examples of popular NFTs that are currently available on the Ethereum blockchain. In this blog post, we will provide price predictions for these NFTs in January 2023.
CyberKongz Price Prediction
Kongz is an ERC-721 non-fungible token (NFT) that was created on the Ethereum blockchain. Kongz represents a virtual pet that can be bred, trained, and sold by its owner. Kongz was one of the first virtual pets to be created as an NFT and has since gained a large following among cryptocurrency investors and collectors.
The value of an NFT comes from its scarcity and lack of interchangeability. The most popular kind of NFT is Ethereum’s ERC-721 standard, which describes how to create fungible tokens. ERC-721 tokens are used to represent digital assets such as virtual pets, in-game items, and collectibles.
Kongz is an ERC-721 token that represents a virtual pet. The pet can be bred, trained, and sold by its owner. Kongz was one of the first virtual pets to be created as an NFT and has since gained a large following among cryptocurrency investors and collectors.
Why We Think the Price of Kongz Will Reach 15 Ethereum USD in January 2023
The price of Kongz will continue to rise as more people learn about and invest in cryptocurrency. The value of an NFT comes from its scarcity and lack of interchangeability. The more people invest in Kongz, the higher the price will go. We predict that the price of Kongz will reach 15 Ethereum in January 2023.
How to Invest in Kongz
If you’re interested in investing in Kongz, you can do so by buying ETH on exchanges like Coinbase or Binance and transferring it to your MetaMask wallet. Once you have ETH in your MetaMask wallet, you can purchase Kongz on OpenSea or other decentralized exchanges that support ERC-721 tokens.
Kongz is a unique virtual pet that can be bred, trained, and sold by its owner. It is one of the first virtual pets to be created as an NFT and has since gained a large following among cryptocurrency investors and collectors. We believe that the price of Kongz will reach $100 USD in January 2023 as more people learn about and invest in cryptocurrency. You can invest in Kongz by buying ETH on exchanges like Coinbase or Binance and transferring it to your MetaMask wallet. Once you have ETH in your MetaMask wallet, you can purchase Kongz on OpenSea or other decentralized exchanges that support ERC-721 tokens.”2. Mutant Ape Yacht Club Price Prediction
Mutant Ape Yacht Club Price Prediction
In January 2023, we predict that the price of Mutant Ape Yacht Club will be 20 Ethereum. That may not sound like much, but for an ERC-1155 non-fungible token (NFT) created on the Ethereum blockchain, it’s a pretty impressive feat. So, what is Mutant Ape Yacht Club and why is it so special? Let’s take a closer look.
Mutant Ape Yacht Club represents a virtual yacht club where members can earn rewards for participating in club activities. Rewards earned by members can then be used to purchase items from the yacht club’s store or traded on secondary markets. The concept of an NFT-based virtual yacht club may sound far-fetched, but the team behind Mutant Ape Yacht Club has managed to create a functional and intuitive platform that has a growing community of active users.
What’s more, Mutant Ape Yacht Club is one of the few ERC-1155 tokens that is actually available for purchase today. Most ERC-1155 tokens are still in development and are not yet accessible to the general public. This makes Mutant Ape Yacht Club a rare breed indeed.
The Benefits of Using Mutant Ape Yacht Club
Mutant Ape Yacht Club has a number of benefits that make it appealing to users. First, the platform is fully decentralized, which means that it is not subject to censorship or interference from central authorities. This makes it a safe and secure place for users to interact with one another and participate in activities without having to worry about their data being mishandled or their activity being monitored.
Second, Mutant Ape Yacht Club is built on top of the Ethereum blockchain, which offers state-of-the-art security and scalability features. This ensures that the platform can handle a large number of transactions without running into scalability issues, and that user data is safe from hacks and breaches.
Lastly, Mutant Ape Yacht Club offers a wide range of features and functions that make it an attractive proposition for users. For example, the platform allows members to buy, sell, or trade NFTs with one another using the built-in marketplace. Alternatively, members can use their NFTs to purchase items from the yacht club’s store or redeem them for rewards such as discounts on future purchases.
In conclusion, Mutant Ape Yacht Club is a unique and innovative platform that is poised to make waves in the world of Web3. With its strong community backing, robust security features, and exciting roadmap ahead, we believe that Mutant Ape Yacht Club is definitely one project to keep an eye on in the months and years to come!
Toon Finance Price Prediction
Exciting news coming out of the Toon Finance camp! Although they are relatively new to the space, they have already made a name for themselves by being focused on making the greatest DeFi Protocol in the market. And now, they have an amazing collection of NFTs that will be airdropped to everyone who participated in their ICO. The best part? The NFTs are airdropped free of charge! However, because of the number of participants in the ICO and all the attention the project is getting from the space right now, we believe that the price of Toon Finance’s NFTs will be around 5 Ethereum. So if you’re thinking about participating in the ICO, don’t miss your chance to get your hands on one (or more!) of these NFTs!
What is Toon Finance?
Toon Finance is a protocol that enables users to mint, buy, sell, and exchange NFTs on the Ethereum blockchain. Their mission is to create an ecosystem where people can easily connect with creators and collaborate on projects. Toon Finance was founded by a team of experienced entrepreneurs, developers, and designers who are passionate about blockchain technology and its potential to revolutionize the creative industry.
What is an NFT?
An NFT is a non-fungible token that represents a unique asset on the Ethereum blockchain. Unlike Bitcoin or other cryptocurrencies, which are interchangeable and can be divided into smaller units, NFTs are each unique and cannot be divided. This makes them well-suited for representing digital art, collectibles, or other items that are not easily replicated.
How Will the Airdrop Work?
The airdrop will take place over two rounds. In Round 1, 10% of the total supply of NFTs will be distributed proportionately to all participants who have contributed at least 0.1 ETH to the Toon Finance ICO. In Round 2, 5% of the total supply will be distributed proportionately to all participants who have contributed at least 0.1 ETH and have held their TOON tokens for at least 30 days prior to Round 2 beginning. The airdrop will happen automatically; there’s no need to do anything else once you’ve contributed to the ICO or held your TOON tokens for 30 days.
Don’t miss your chance to participate in Toon Finance’s exciting NFT airdrop! With rounds beginning on May 1st and July 1st respectively, there’s still plenty of time to contribute to their ICO or hold your TOON tokens for 30 days (if you want to participate in both rounds). But act fast—after Round 2 ends on July 31st, any unclaimed tokens will be burned! Visit their website today to learn more about how you can take part in this incredible opportunity.
To participate in Toon Finance’s presale, here are the links below:
Website: https://toon.finance/
Presale: https://buy.toon.finance/
Twitter: https://twitter.com/ToonSwapFinance
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
KEY3.id Launches Bored Ape Domain .bayc, The First Digital Identity Bound To Blue Chip NFTs
November 24,2022 – Today at 20:00 (UTC+8) KEY3.id, a distributed, open, and extensible naming system launched the first Blue Chip NFT bound decentralized identifier (DID) .bayc. Bored Ape (BAYC) NFT holders now claim the corresponding numbered DID, e.g. 0000.bayc, for free at KEY3.id. The .bayc DID is bound one-to-one to the BAYC NFT, and there are only 10,000 DIDs available to claim.
According to the KEY3.id, the .bayc DID is the first ABT (Asset Bound Token) tied to a Blue Chip NFT and is only available to BAYC NFT holders and is not transferable. KEY3.id ‘s CEO Kory Pak tweeted that .bayc may usher in a new stage of “Asset as your DID”.
The launch of .bayc immediately generated mass buzz and followers in the BAYC community, including some of Web3’s most famous influencers. Game Space CEO Michael Cameron minted 6669.bayc and changed his Twitter name into “Michael Cameron 6669.bayc”; former Huobi Global CEO 0xLivio minted 2883. bayc, and also changed his Twitter name accordingly.
Michael Cameron said: “.bayc combines the uniqueness of short digit domains and the numeric features of Bored Ape and only BAYC NFT holders can claim it, which can effectively reflect the assets of DID holders. .bayc is expected soon to become the most sought-after DID , and may even drive up the price of BAYC NFT, especially favorable to the ones who possess great numbers. “
Several BAYC NFT holders said that the most valuable aspect of .bayc is the Asset Bound Token feature. It ensures its reliability, follows the NFT and cannot be traded separately, and once the NFT has been transferred or traded, its corresponding DID will also be destroyed.
KEY3.id CEO Kory Pak continued that KEY3.id will soon partner up with dozens of Wallets, DeFi, GameFi, SocialFi, dApps and other projects, including Bitkeep Wallet and KuCoin Wallet to collaborate on the use of .bayc such as replacing the long public address into easy to read and memorable DID that can be linked to your wallet to send and receive funds,transfer tokens or NFTs, use as an ID, social networking, GameFi and other Web3 scenarios.
In addition to .bayc, KEY3.id will soon support the DIDs of 20 other Blue Chip NFT binding domain names such as .punk, .doodle and .mfer etc. According to its official website, a community voting campaign will be opened in early December and the NFT project with the highest number of votes that week will be available to mint for its corresponding domain name.
About KEY3.id
The KEY3.id is a distributed, open, and extensible naming system based on the Ethereum blockchain. .did is the 1st DID launched by KEY3.id, aimed to provide users’ free with decentralized identity in Web3 with the features of Free to claim, Free to renew, Free forever. KEY3.id also supports the DIDs of 20 other Blue Chip NFT binding domain names such as .punk, .doodle and .mfer etc.
Twitter: https://bit.ly/tuiwly
Medium : https://bit.ly/zhongwly
Website: https://KEY3.id
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How NFTs Are Revolutionising The Concierge Industry
HNWIs frequently rely on concierge networks to save time, travel, and access events and services that are otherwise inaccessible. Demand for concierge memberships declined through the 2010s following the 2008 recession, but the market is steadily on the rise again. A recent market report by Spherical Insights & Consulting forecasts aCAGR of 6.10% in the concierge market during the period of 2021-2030.
In a surprising upward market turn, demand for concierge services boomed following the pandemic, which saw HNWIs seek refuge in private yachts, jets and other exclusive spaces. In addition, trends show that the newly financially mature millennial generation are more willing to spend money on experiences and services rather than material items than previous generations. However, while business is booming, the structure of the industry is growing increasingly outdated.
The issue with the traditional concierge memberships
Traditional concierge memberships are notoriously expensive, but they come with no real sense of ownership. Mid-level luxury concierge memberships in the UK can easily set back members up to £25,000 per year, while other high-end memberships can cost an eye-watering lump-sum of £400,000 for lifetime access. Drunken Monkey Members’ Club is an NFT project that’s on a mission to revolutionise the concierge industry by tokenizing concierge memberships through Ethereum-based NFTs which double-down as your access pass.
A membership that is sellable on the secondary market
The Drunken Monkey concierge network extends across twenty global destinations and is managed through a user-friendly app that gives members personalised invites to exclusive events, travel destination guides and more.
The London-based NFT project first launched eight months ago, minting 1,000 NFTs in their private round. There are 5,995 NFTs in the total collection, with each one corresponding to a life-time access concierge membership. This membership is a 24/7 digital asset that is fully tradable on the secondary market, enabling members to fully redeem the cost of their membership if and when they no longer find use for the services on offer. Considering the underlying value of these NFTs, the price they could reach is anyone’s guess.
More than consuming experiences: DMMC have drawn up plans to launch a Monkey DAO in 2023, which will be an incubation fund for early stage digital asset tokens, driven by a token called NUTS. Since launching, the DMMC floor price has increased month-on-month, even while other blue-chip projects have seen steep decreases.
While the crypto market is volatile, it’s clear that the desire for concierge services – to travel, dine and enjoy with ease – isn’t. The Drunken Monkey Members’ Club may just mark an seminal overlap between two industries that were once far apart.
Kutee Kitties- The First Kitties NFTs That Will Save the World from Plastics to Be Released Soon
Kutee Kitties is a typical collection of non-fungible tokens NFTs, but one with a strong mission– to save the world from plastic. With such an innovative aim to accomplish, Kutee Kitties will be released in the second week of November.
The Kutee Kitty NFT project was born with the awareness of how plastic has pervaded the air, the ground, water and vegetation and so much so that it is now within us too. The project will breathe a new life into plastics polluting the oceans by creating usable items from recycled plastic.
About Kutee Kitties
The Kutee Kitties collection consists of 10,000 NFTs with over 100+ different traits to create a ‘rare’ and uber-cool Kutee Kitty. The rare attributes will be depicted in the NFTs metadata and will be displayed with other NFTs featuring that specific attribute.
The team members explain in their white paper, “Technology has fashioned our world into a global village, and one of the biggest and growing marketplaces in this village is the world of NFTs.” Thus, Kutee Kitty’s goal is to be something larger and more significant than a simple collection of tokens.
Six phases of the Kutee Kitty Project:
- The first phase includes mining of NFTs at 0.03 ETH and the collection will be launched on the secondary market, OpenSea. With this, the project will also release themed t-shirts made entirely from recycled material.
- The second phase includes launching of a 3D cats collection with more monetary rewards, travel donations for the holders. Additional batches of t-shirts and hoodies (made from eco-friendly materials) will be released, with 50% of the proceeds going to charity for the cause of conserving our oceans and 50% to the holders.
- The third phase includes the launching of a YouTube channel, with demonstrations of all the charitable initiatives adopted globally. As the project members embark on a global trip, they will plant many trees. Also, 50% of the channel’s proceeds will be donated to charity, while the remaining 50% will be redistributed to holders within the community.
- The fourth phase includes launching a proprietary e-commerce for sustainable products and/or made with recycled material. The e-commerce will be a passive income system, and will be run using the store’s earnings. 20% of the revenues from this e-commerce will be returned to NFT holders every month.
- The fifth phase includes funding a project called, Kanesis, which will produce novel bioplastics from hemp and other agricultural waste.
Perks of Membership:
- The first 100 members will be whitelisted who have their profile pictures of the Kutee Kitty NFT. Whoever wins their extraction will be gifted ETH.
- 5 members of the whitelist will get a trip to a natural place paid for by the team.
A $ 10,000 CONTEST
To win the prize of $10,000 in ETH, participants will have to make a video in which they demonstrate that they have improved the environment by planting a tree, growing flowers, adopting a needy animal, and creatively reusing plastic. 10 lucky winners will be chosen at the end of the contest, and the top reward is $10,000 in ETH!
Note: The contest is initially for NFT holders for the first phase, but will be later open to everyone.
Mission:
The mission of the Kutee Kitty NFT project is to create non-polluting materials, like T-shirts from recycled plastic. The platform will also tap into great investments to create innovative materials.
The project attempts to use trashed plastic from land and oceans to create rare and valuable NFTs. Each Kutee Kitty’s revenue will be reinvested back into the project to pay for contractors to get rid of junk or plastic remains from the land and seas. The used plastic will then be sent to an expanding network of recycling facilities. The more Kutee Kitties are sold, the more money will be invested in plastic cleanup and recycling initiatives.
The project also intends to inspire other projects to come up with such cause-centric long term goals as the project uses self-sustaining strategies with positive and attainable ripple effects. Note that NFT holders will earn 20% of investment revenue in funding any programmer involving environmental preservation.
Website: https://kutee-kitty.vercel.app/
Discord: https://jo.my/discordkk
Sito: https://jo.my/sitokk
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OnePlanet to Support Polygon NFTs via New Launchpad Service
Continuing its support of the Polygon nonfungible token ecosystem, NFT marketplace OnePlanet has just announced a revived version of its launchpad service. Creators can now mint their collections to Polygon directly through the platform.
OnePlanet was originally among the premier NFT marketplaces on the Terra network. After the blockchain’s native stablecoin UST suffered a major meltdown in May, the platform shifted its operation to the Ethereum scaling solution Polygon.
Derby Stars returns as OnePlanet launchpad’s first Polygon project
The NFT marketplace OnePlanet has revived its launchpad on the Polygon network. The feature was originally launched in January on the Terra blockchain. However, Terra’s meltdown in May — caused by its native asset LUNA hyperinflating — forced the project to move to Polygon in September.
The launchpad provides a platform for NFT collections to reach a wider audience and access to OnePlanet’s marketing resources. It also enables projects to easily deploy custom launches, creating unique minting experiences. A press release detailing the launchpad states refers to “gamified features,” for example.
Play-to-earn horse racing game Derby Stars has the honor of becoming the launchpad’s first project. The game previously debuted collections through OnePlanet’s launchpad when the marketplace was deployed on Terra, and set the record for the platform’s fastest sellout — one minute and 30 seconds.
During the Derby Stars launch — the date of which is still unannounced — the project will drop 1,000 free Randombox NFTs via an allowlist and public sales. Referring to the Randombox event, the project’s Twitter account posted:
“We spent months creating an unforgettable event.”
Commenting on OnePlanet’s commitment to expanding Polygon NFTs, the marketplace’s CEO, Pryce Cho, stated:
“OnePlanet has been working closely with Polygon Studios to expand the Polygon NFT ecosystem and the upcoming launchpad service will contribute to accelerating its growth.”
OnePlanet experienced a swell of attention when Reddit Avatars were added to the marketplace recently. The discussion forum’s foray into NFTs successfully onboarded millions of new users since it launched in July.
Polygon can’t stay out of the news lately. The Ethereum scaling network’s native token MATIC jumped by more than 50% to trade at a local high of $1.29 after it was revealed that it would power Instagram’s NFT integration.
Alongside Meta and Reddit, JP Morgan also recently used Polygon to test live trading on a public blockchain. Such additions only add to Polygon’s stellar list of partnerships, which already includes names like Disney, Robinhood and Starbucks.
Reviving Terra’s NFTs with OnePlanet
Derby Stars is by no means the only Terra NFT project flocking to Polygon. In the few weeks since launching, OnePlanet has helped move more than 60 collections from the defunct blockchain to Polygon.
OnePlanet’s shift to Polygon came after the Terra blockchain imploded in May 2022. Less than a month after the event that rocked the crypto markets and saw various funds collapse, OnePlanet announced the move, citing:
“Key factors such as mass adoption, market opportunities, stability and foundation-level support.”
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BC.GAME Invests 700 ETH in NFTs for a Better Metaverse
BC.GAME has invested 700 ETH in multiple NFTs with the ultimate goal of boosting the metaverse and iGaming sector. The ETH amount has been spread into 5 BAYC, 3 CryptoPunks, 1 Clonex, 2 Azuki, and 3 latest Art Gobblers.
The cost of 700 ETH is believed to help the crypto industry provide a better metaverse ecosystem for its users.
In the context of boosting the metaverse ecosystem, BC.GAME developed a new crypto iGaming platform that supports multiple chains and web3 ecosystems. And with this occasion, it will organize an NFT giveaway with significant prizes.
BC.GAME improvements
The Crypto Casino of the Year, BC.GAME, has decided to support the metaverse in providing a new and better user experience. This initiative is just one of the numerous actions taken by BC.GAME to ensure that all of its players enjoy the best service and features available in the crypto market.
BC.GAME invested in 5 BAYC, 3 Crypto Punks, 1 Clonex, 2 Azuki, and 3 latest Art Gobblers at a total cost of 700 ETH. Also, it bought a complex collection of NFTs that is currently available. The BC.GAME NFT collection is ready on Open Sea, the largest NFT marketplace, where users can buy and sell NFTs using smart contracts.
In addition to supporting the evolution of the metaverse concept, and the NFT investment, BC.GAME created a crypto iGaming platform that supports multiple chains and web3 ecosystems. The multiple chains offer efficiency for buying, operating, and researching and eliminate the middleman. Also, the web3 ecosystems have numerous advantages, like control over data ownership, interaction freedom, and better security.
BC.GAME NFT Giveaway
BC.GAME constantly provides improved features and organizes giveaways. Recently, it announced that it launched a new NFT giveaway.
The NFT giveaway rewards are the following:
- Mystery Box(2.5 ETH worth NFT) for 1 winner(s)
- Meka #3895 for 1 winner(s)
- Meka #5369 for 1 winner(s)
More about BC.GAME
BC.GAME is a community-based cryptocurrency casino that revolutionizes the casino industry and the blockchain world by being one of the first casinos to support the Lightning Network. Since its launch in 2017, the platform has provided players with the best online casino experience.
BC.GAME is the Crypto Casino of the Year 2022, thanks to its numerous prestigious awards from the industry. The platform now accepts fiat payments in addition to many popular cryptocurrencies. Also, BC.GAME provides industry-leading igaming solutions within the web3 community, and supports NFTs as an asset for gambling, recharging, withdrawals, exchanging, and other services.
Since the recent incorporation of sports betting, users now have access to over 8,000 games, including sports, slots, live table games, and even the well-known Bitcoin (BTC) crash game.
In addition to the new features of the platform, those who are not yet familiar with the BC.GAME platform should know that it offers numerous benefits for new users. On BC.GAME platform, users can sign-up on the website and get up to 1 BTC. Also, they can instantly redeem a 300% deposit bonus after registering. These are just a few of the many benefits offered to players.
Contact
More information is available on the official BC.GAME website and their socials, Twitter and Telegram.
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The Start-up That Secures Ticketing Thanks to NFTs
The entry of NFT has improved significantly and benefited the ticket industry, mostly event organizers. The event market is at the forefront of using the NFT to connect physical and digital ticketing. Digitization has streamlined ticketing, and these systems have become reliable and efficient for everyone. Availability NFT makes tickets more functional and easy to collect for memories. It has been embraced by many companies, for it has fitted well in the ticketing industry. It has led to many people using it to expand their client base and commodity offerings. However, it has also apprehended control over resale markets due to fan engagement. The improved technology has brought and evolved the NFT, making many want to discover so much about its information. It then has the following advantages.
Ownership of the Ticket
With this system, tickets are purchased online and only issued via text messages after the purchaser has proven the identity and is given access to a specific area after arriving at the venue. The tickets contain a unique QR code to gain access to the function. This helps by keeping out unauthorized people and streamlining the experience for legitimate consumers. The astonishing thing many like about them is that they are inseparable and cannot be administered among numerous owners. Ownership benefit assures the buyers that their information is safe from concerns of fakes arising tickets. Ensure you possess the actual thing and have possessions overvalued.
Its Genuineness
It mainly relies on the oneness of the indications created on the blockchains. However, the contribution value is showcased by the potential unique traits. At this time, the creators have the prerogative to issue only a designated character of NFT to initiate a supply shortage. In many cases, creators go for creating numerous duplicates, like in the occurrence of tickets. However, the unchangeableness of the blockchain on which these NFTs are kept also contributes to the authenticity guarantee. The invariability in blockchain-based NFT ensures they are resistant to moderation and replacement and can also be removed.
Preventing Forgeries and Frauds
With a wide range of options for trading, transferability has made it simple to trade NFT openly. However, blockchain technology establishes one point of truth for ticket holders and the organizers. The blockchain has records of the movements of NFTs from the original sale to resale. This allows all the parties to verify the ticket’s legitimacy independently. Whenever there are situations where the resale of tickets is prohibited, a non-transferable ticket is created for NFTs. It is unable to be transferred to another consumer. The expenses involved in selling NFTs are minimal compared to the old ticketing system.
Creating Economic Opportunity
It has initiated a broad-spectrum requisition in the dominion of automated content. However, those creating content often experience the review of other objectives, guzzling down their gain and prospective for gross. For instance, a digital artist bringing out their content on social webbing would also make cash for the manifesto by putting on sale ads to the fans of this artist. Specified artists get their due subjection, and it does not assist the artists in earning any form of cash for interest to the platform. Consider cobalte.io as your first platform to sell and resell tickets.
Boost Inclusive Growth
This reinforcement for comprehensive growth brings content composers from all fields into one atmosphere. It facilitates new avenues for comprehensive widening for all those participating. Creators need to be able to obtain their creation’s actual value, which leads to interacting with their customers directly. However, with the help of the NFT, those who want to buy have the option of fluidity in different types. An excellent example of ensuring liquidity is using NFT for valuable metals since it is an important instance. Growth flexibility is shown when acting for ownership of a particular share of assets, such as belongings. The live events industry, one of the most known sectors, can entirely be impacted by NFTs.
Conclusion
NFT has raised technological trends affecting every sector, mostly ticketing. Many consumers have been attracted by their advantages which have become more popular due to their selling factors. Non-fungible tokens point to a bright future for the world. To improve live events, ticketing firms should look for new possibilities and develop technologies.
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Is It A Good Idea To Invest In NFTs ?
Non-Fungible Tokens Explained
Non-fungible tokens, commonly known as NFTs, are digital certificates of ownership that may only be used once. NFT is the common abbreviation for non-fungible tokens. Contracts like these are written into the open-source code of any digital asset to make the digital item more secure.
This includes jpegs, gifs, movies, posts on social media, and even articles; practically anything that can be published digitally. After the digital item has been secured, it is then converted into a token and uploaded to a blockchain ledger along with a code that can only be employed once. There are currently two other dominant blockchains where NFTs are built.
These blockchains are called Dapper Lab’s Flow and Polkadot, and many other businesses are investigating the possibility of using them. Most non-fungible tokens (NFTs) are currently integrated into the Ethereum blockchain. Polkadot and Flow are the names of these blockchains. At this juncture, it is permissible for members of the general public to acquire and trade NFT. When a user purchases an asset, the creators of the NFT have the option to impose restrictions on how the asset can be utilized.
For instance, they may make it so that the asset cannot be viewed on television. You might think of NFTs as a type of digital signature that differentiates a certain digital content from all the other digital assets currently available.
Investments
According to recent reports, venture capital funds are investing millions of dollars in non-profit organizations (NFOs). In the month of May 2022, two of the most prominent cryptocurrency fund managers, Andreessen Horowitz and Paradigm, started making direct investments in NFTs.
You need to be familiar with the inner workings of NFTs and the rationale behind your purchase of one before considering investing in these instruments.
Because NFTs can sell for extremely high prices, there is the possibility of making a profit by trading them.
The following are some notable auctions of NFTs:
- The very first tweet ever sent out by Jack Dorsey, the chief executive of Twitter, sold for $2.9 million.
- The first version of the source code for the World Wide Web was developed by Sir Tim Berners-Lee, the creator of the contemporary internet. In June of 2021, that NFT was sold for a price of $5.4 million.
- A collection of digital photographs was gathered by the digital artist Beeple and collected over 5,000 days; the collection was auctioned off by Christie’s in March 2021 and brought in about $70 million.
However, demand plays a significant role in determining values for all assets, including stocks and shares.
The value of these digital assets can only be determined by what another party is prepared to pay for them and the current market conditions.
Should I Invest in NFTs?
Everything about NFTs is rather new, and as a result, there is a possibility that it is just a bubble that will lose demand once the initial curiosity has worn off. At the same time, there are a wide variety of opportunities that can benefit from NFTs if utilized appropriately. Since this is a brand new market, it is quite likely that there will be wild fluctuations in the interest, price, and value of NFTs before the market finds its footing.
Taking all of this into consideration, investing in NFTs is undeniably a risky move. There are presently no laws or restrictions for purchasing and selling these tokens, and you don’t even know if you’ll be allowed to sell them at all. The value of digital art is dependent on how much someone is willing to pay for it.
If you have decided to take the risk and invest in NFTs, it would be prudent to set a limit from the beginning of how much you are willing to lose. You shouldn’t rely on this as a “get rich quick” scheme, but you should do so if you are willing to take the risk. If you are ready to accept the risk, non-traditional investments (NFTs) are a new and intriguing investment option that might be interesting to try out.
However, there are other investments available that are safer.
Instead of diving in headfirst and purchasing digital assets, one of the safer ways to get on the NFT bandwagon is to hunt for firms that are using the technology and invest in those companies. This may be done by searching for companies that are using the technology. As a result of the continued expansion of this new sector, there are a lot of prospects to investigate.
Brand New Investment Opportunities, Both Digital And Physical
The potential applications of NFTs are not limited to the realm of digital technology; rather, these technologies also have applications in the real world. It is possible to fractionate the value of physical assets by first producing digital signatures for those assets and then dividing those fractions among themselves.
One example of this would be in the real estate industry, where the potential for more rapid property acquisitions and the dissemination of investment options could encourage more people to put money into the market. In a similar vein, NFTs can make it possible for things such as artwork to have several owners, so raising both its value and the amount of money that can be made from selling it.
Effectiveness of the Market
One of the most significant advantages offered by Non-Fungible Tokens is the facilitation of direct communication between content producers and the audiences they serve. That eliminates the requirement for artists to work with agents or visit real galleries. The real estate field enables much smaller investments to be made into much larger ventures. NFTs have the potential to make processes that were previously difficult much easier.
Scarcity
There is no better way to boost interest in a certain item than to give the impression that it is difficult to obtain. Because NFTs can only have one owner, they provide an overwhelming feeling of scarcity due to this limitation.
Because of this, prospective purchasers are more likely to zero in on a certain piece and fret about the possibility that someone else would acquire exclusive ownership of the NFT that they like.
Imagine that you’ve found a pair of sneakers online that you want to buy, but the website informs you that there’s only “one pair left” available. If you are like the majority of us, this will heighten your perception of scarcity and urge you to commit to making the purchase, even if it isn’t in your best financial interest to do so.
Collectability
NFTs are simply trading cards for the really wealthy, comparable to the activity of exchanging baseball cards on the schoolyard playground. Even though these cards have no value other than what the market places on them, their value is constantly shifting, making it similar to a high-stakes gambling game to try to collect them and trade them for other items.
As a direct consequence of this, it becomes simple to draw parallels between the NFT and the art market.
NFTs, on the other hand, provide artists with a greater degree of autonomy than the art market does because they no longer have to rely on galleries or auction houses to sell their work.
Disclaimer: This is a guest post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
International Rescue Club NFTs are go!
Gen Art drop goes live on 30th Sept.
A landmark partnership between ITV Studios and Reality+ means fans will soon be able to buy and trade officially licensed NFT artwork based on the classic TV show Thunderbirds.
ITV Studios has partnered with Reality+ to create the “Thunderbirds: International Rescue Club”, a premium, utility-focused Non-Fungible Token (NFT) community experience that represents an exciting re-imagining of the classic property’s unique style and vision for the 21st century.
Owners of Thunderbirds: International Rescue Club artworks will be granted access to their own unique avatar for use in The Sandbox metaverse alongside unique competitions, giveaways, free drops and official merchandise and a generative art drop on 30th Sept.
Sebastien Borget, co-founder and COO of The Sandbox, said, “We’re pleased to partner up with ITV Studios and Reality+ to launch the legendary Thunderbirds franchise into the metaverse. The Sandbox continues to bring culture & entertainment with Thunderbirds, allowing fans to own, play and become creative as they imagine and bring to life new adventures and stories with their characters of the original series”
The project will also give holders (DAO) the opportunity to take part in real world “Rescue Missions”, in which funds generated via the Thunderbirds: International Rescue Club’s NFT sales will be used to aid charities and good causes around the world.
THE RESCUE MISSIONS…
Thunderbirds: International Rescue Club is an International organisation set up to change the world, one rescue mission at a time. A global community of Thunderbirds fans all over the world joining together to support our missions. The project has raised £7,500 of their fundraising goal and as part of the launch this week 20% of all future sales go directly towards helping charities like Dobrich Dog Rescue. The community will help to decide what future missions Thunderbirds: International Rescue Club undertake.
Mission 1 took place at Dobrich Dog Rescue in Bulgaria, a charity that rescues and rehomes stray dogs.
You can see how we made a difference to the project here >>
Youtube
Fans will be able to collect NFT artworks of vehicles, locations and character artwork based on the original and much-loved TV show, which was first broadcast in 1965 and followed the exploits of the Tracy family and their International Rescue service. The show was created by Gerry and Sylvia Anderson, and is famous for its innovative use of marionette puppetry, or ‘Supermarionation’.
All Thunderbirds NFTs are focused on future utility, with the upcoming generative art pieces granting users access to the ‘International Rescue Club’ and the ability to create a 3D Thunderbirds avatar based on their NFT attributes, which they can then use to explore the Sandbox Metaverse, a huge virtual world accessible via PC and mobile.
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Uniglo (GLO) Investing In NFTs, Rumored To Be In Negotiations With Bored Ape Yacht Club (BAYC) And Paxos (PAXG)
Two asset classes that remained in high demand during periods of economic instability are proliferating and introducing younger generations to the market. Hence, it is no surprise to hear rumors about potential collaborations for Uniglo with the most prominent NFT collection and digital gold asset, which are sitting in many portfolios as preferred investment options of Gen-Z investors.
Uniglo
Uniglo made it its mission to mitigate the downsides occurring in volatile markets by backing the value of its native token GLO with a curated assortment of digital assets. As a result, investors can remain calm in times of high volatility, with a decentralized vault acting as a shield protecting and even raising the value of the protocol. In addition, the ultra-burn will facilitate the supply’s scarcity, which results in a favorable value appreciation even during bear markets.
Bored Ape Yacht Club
The Non-Fungible Token (NFT) market will grow twice as big as the traditional Art Market by 2026, offering digitized provenance minted transparently on the blockchain to collectors. The phenomenon Bored Ape Yacht Club, or short BAYC, is one of the most valuable collections to date, created by Yuga Labs. Every grungy ape of the 10,000-strong collection is trading at a minimum of $100,000 or 75 ETH (Stand: 20/09/2022).
Rumors came to light just after Uniglo’s upcoming DAO started to back its native token in part with four digital art pieces. Since then, investors have voiced their support in pursuing a collaboration with the infamous Bored Ape Yacht Club, depicting contemporary apes with unimpressed expressions.
Paxos – Digital Gold Rush
Pax Gold is tapping right into the affinity of younger generations for digitalized assets, backing each of the issued tokens PAXG with a troy ounce, equivalent to exactly 31.1034768 grams of physical gold. Most consumers that purchase assets like gold or digital versions of it look for safety and liquidity, pursuing medium to long-term investment strategies. The historically low-risk profile of gold fits right into the design of Uniglo, eyeing value protection and wealth creation.
Conclusion
Buying an asset solely for rumors is as old as Wall Street. However, it can be a valid investment strategy if they pan out and return a decent profit. Keep in mind that Uniglo is currently in its seed stage of raising development funds, an opportunity that is incredibly rare if the team behind the project is pursuing a collaboration with industry giants like Bored Ape Yacht Club And Paxos.
Find out more:
Presale URL: https://presale.uniglo.io/register
Website: https://uniglo.io
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1
Telegram: https://t.me/GloFoundation
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
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SolSwipe offers the first decentralized Solana Debit Card And Sells Out Its NFTs In Record Time
SolSwipe protocol has announced the launch of its new decentralized debit card. The card is the first in the world to be loaded directly from cold and hot wallets, as well as the first Solana debit card to enable Web3 reloading with Phantom, a Solana-based wallet designed for decentralized finance (Defi) and non fungible tokens (NFTs).
The debit card is designed for simplicity and supports SOL/USDC as well as other major networks such as Ethereum (ETH) and Binance Smart Chain (BSC). It allows access to over 200 countries in the world with lower fees than most other crypto debit cards. SolSwipe’s groundbreaking card is accessible worldwide and can be used for digital purchases, at a physical point of sale (POS), or on any Visa-compatible ATM.
SolSwipe NFTs sold out within seconds of launch
SolSwap sold all of their NFTs collection (6666 NFTs) in a matter of seconds. Holders will be eligible for special bonuses generated out of a percentage (up to 20%) of the royalties and loading fees paid, as well as reduced transfer fees up to (5%) which will be claimed through the reward system. Other benefits for NFT holders include cryptocurrency or NFT airdrops and premium metal SolSwipe debit card redemption.
SolSwipe is expected to facilitate an airdrop this month that will solely benefit SolSwipe NFT holders.
The introduction of the SolSwipe card marks an excellent moment, as more and more individuals are seeking decentralized alternatives. The recent concerns about the stability of traditional financial institutions serve to underscore this fact. SolSwipe’s direct-load function and low fees make it a great choice for those who want to use cryptocurrency for everyday purchases.
SolSwipe & Its Solana Debit Card Expecting Large Adoption
The SolSwipe team is upbeat about the new card’s prospects, and they’ve outlined their future plans. In 1-2 months, debit cards will be available on a variety of networks. Additionally, debit cards will be able to connect directly with users’ MetaMask wallets, allowing them to load up from BNB and ETH chains with a few clicks. The team is also investigating the possibility of allowing users to stake their cryptocurrencies to earn rewards, which would be a first for debit cards.
The company predicts that by the end of their efforts to get mass adoption, which will last 6-12 months, they aim to accumulate between 50k and 200k card users. As part of a partnerships campaign, SolSwipe also intends to collaborate with market leaders to white-label their own brand of SolSwipe debit cards. All in all, it seems that the team is off to a great start and has ambitious plans for the future.
SolSwipe is not bound by legal or regulatory constraints because it provides debit cards, which are not subject to the same regulations as cryptocurrency exchanges. As a result, the platform sets out to accomplish what most exchanges cannot achieve. SolSwipe is also in collaboration with the Laos JDB Bank, which has one of six Crypto licences issued by the country’s regulator. The bank has been in operation since 1989
An additional benefit to using the SolSwipe card is that SolSwipe never has access to any of your funds- they are stored in a cold wallet under your own possession. This decreases the risk of hacking significantly. Furthermore, the assets are converted into USD and then loaded onto the debit card. The entire process is manual and takes 12-24 hours to reduce hacks and other vulnerabilities.
SolSwipe Protocol has three available tiers: black, silver, and gold. The black tier is a standard plastic card while the silver and gold tiers are manufactured metal cards. Metal cardholders (silver and gold tiers) are eligible for lower fees and higher load caps. All of these cards are supported by Visa and UnionPay.
The SolSwipe debit card is exclusively available through SolSwipe’s official website. To obtain the card, users must go through a KYC (know your customer) process with the bank. As soon as the user provides their personal information to the bank, it will be transmitted directly to the bank and SolSwipe will not have access to the information. After being verified, the cardholder will receive their new debit card in the mail at their specified address.
Instructions on obtaining a SolSwipe card can be found on the project’s website.
Jon, the project’s founder, and co-founder Jammy leads a group with substantial experience in standard finances, blockchain technology, and marketing. For 10 years now, Jon has been an entrepreneur and created various startups. Furthermore, he has fundraised and scaled multiple companies while also currently running a digital marketing agency focused on web 3 technologies enhanced by products like SolSwipe that operate within the Solana space.
About SolSwipe
The SolSwipe protocol marks the day cryptocurrency truly embraces decentralization. Solana users will finally have access to use their cryptocurrency, in the form of a debit card, without the hassle of sending cryptocurrency through major exchanges. SolSwipe users will receive their very own unique SolSwipe debit card. Users will connect their personal Solana/Ethereum wallet to SolSwipe and load their SolSwipe wallet. This enables instant usage of the debit card; anywhere at any time in over 200+ countries in the world. The SolSwipe debit card acts like any other debit card; use it for your bills, food, gas, and online shopping.
Whitepaper: https://solswipe.io/assets/whitepaper.pdf
Website: https://solswipe.io/#
Twitter: https://twitter.com/solswipecard
Discord: https://discord.com/invite/solswipe
PR Contact:
Jon – SolSwipe Founder
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
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How NFTs and Cryptocurrencies Relate
Today, if you hear someone talking about non-fungible tokens (NFTs), there is a high chance that person also trades cryptocurrency. Both NFTs and cryptocurrencies use the same technology and software, and both are new technology concepts that not many people understand. This article is a brief differentiation between NFTs and cryptos, explaining how each works.
Non Fungible Tokens vs. Cryptocurrencies
While many crypto news sites and mainstream investors conflate NFTs and cryptocurrencies, they aren’t the same things, so why are the two confused? People started hearing about both technologies around the same time, although crypto news and reports began much earlier. Both are described as digital assets and almost always attract the same players. It’s also true that they use the same blockchain technology and are based on the same programming techniques. In addition, they are both secured in digital wallets.
What Are Cryptocurrencies?
Cryptocurrencies are digital or virtual currencies or payment/exchange systems stored in digital wallets (unlike fiat currencies stored in banks). As of March 2022, there are over 18,000 cryptocurrencies. Examples of popular ones are:
- Bitcoin (the most popular)
- Litecoin
- Binance
- Dogecoin
- Ethereum
- Cardano
Cryptos are based on blockchain and cryptography technology, which makes them decentralized and almost impossible to double spend or counterfeit. Being decentralized also makes cryptocurrencies safe and immune to government manipulation, control, or interference.
As a payment system, some people use crypts as they would use physical money (as a medium of exchange) to receive payments or buy things. To most people, they invest and trade cryptocurrency like bonds and stocks (as a security or commodity) that increase in value over a given time.
What Are NFTs?
Non-fungible tokens (NFTs) are digital non-exchangeable files, units of data, or digital items that represent ownership of items (unique) like video, images, music, or clips. Like cryptocurrencies, they’re based on blockchain and traded in crypto-supported NFT markets, which essentially earns them the name crypto-art.
NFTs are unique through digital signatures that give them provable ownership. This means there can’t be two or more identical NFTs. Even if you copy an NFT art a million times, the one original signature remains and proves its ownership. Examples of popular NFTs include:
- Collectibles like trading cards, bored apes, “crypto punks,” mutant apes
- Digital art
- Essays
- Tokenized memes
NFTs vs. Cryptocurrency: A Brief Comparison
NFTs and cryptos have close similarities but with differences:
Uniqueness
NFTs have digital signatures that make each one unique to itself and different from the rest, including in value. Cryptos are currencies that have different values and can be exchanged.
Where to buy
Cryptos are bought, sold, or traded in cryptocurrency brokers and exchanges. NFTs are bought, sold, or traded in NFT marketplaces and other blockchain applications.
Division
You can’t divide NFTs into smaller units (size or value). Cryptocurrencies can be divided into smaller or larger units.
Use case
NFTs are used in art collecting, game items, trading cards, real estate, and avatar wearables. Cryptocurrencies are used in buying NFTs, payments (for goods and services), peer-to-peer transactions, investing, international payments, and collateral for loans.
How NFTs and Crypto May Work Together
Typically, many users purchase NFT tokens using cryptocurrencies. To the best of many people’s knowledge, this is where the relationship between NFTs and cryptos ends. Since they’re both assets, users can keep exchanging cryptos and NFTs to increase each value, but they’re both as volatile as their value remains in the market.
Endnote
Both cryptos and NFTs rely on the developing blockchain technology and transactions to record ownership and validate authenticity. In many cases, you’ll need crypto to buy NFTs, which is why most people confuse the two, but as outlined above, their differences are clear and separable.
Disclaimer: This is a guest post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
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Non-Fungible Tokens (NFTs) Market Midst of a Classic Hype Cycle
The non-fungible tokens (NFTs) have come a long way as now it’s just not celebrities who are into this sector, but even the common man is finding his way into it. Most of them are making this a new way to make money.
However, A well-known billionaire investor and trader, Chamath Palihapitiya are of the opinion that NFTs are in the huge hyped-up phase. In his new All-in podcast, Chamath brings in the conversation about the decline in the non-fungible token (NFT) market’s trading volume.
To explain his point, the Social Capital CEO makes use of Burning Man and Coachella musical festivals to illustrate how they attempted to claim themselves as unique but later ended up as the same.
NFTs And General Art Market Are the Same
He puts in a comparison between the above said musical festival and NFTs along with the overall art market. He goes on to say that many things around us are similar where people get into something too early, they don’t agree with the fact that it’s similar to what’s already there.
Palihapitiya believes that instead, they spend a lot of time explaining why it’s different from others. He quotes Buffet’s saying that reads, “Whenever somebody tells you this time is different, it’s probably not that different. ” Another quote that Chamath talks about is “Things don’t necessarily repeat in history, but they rhyme.”
By all these examples and quotes, the investor is trying to portray the message that there aren’t many things in this world that are new except fundamental leaps in science. Further, he claims that among many things that are repeated is the social capital that is received from making a few choices which is verified by others so that we feel we are worth it.
According to the billionaire, the same is happening with NFTs and the general art market. Hence, Coachella and Burning man events are the same as NFTs and art and he ends his conversation saying nothing needs to be different just because other people enjoy it.
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Top NFTs funded by casinos
There’s no chance you haven’t heard of NFTs until now. Last year, the crypto and NFT market skyrocketed, and now with the birth of Metaverse, everything we knew so far will be completely reinvented.
How can NFTs be used in the online gambling industry?
The gambling industry is valued at billions of dollars and grows unstoppably yearly. To keep its relevance and engagement, competitors must stay updated on all new technologies and trends, and that’s where NFTs start to mend. So, if last year we were bombarded with NFTs novelties, this year we may have to get on the same wagon with the latest innovations.
Online casinos introduce NFTs
If you don’t know, NFTs are one-of-a-kind virtual assets that can be used as rewards or game tokens. The interesting part of NFTs is that you can trade them only in decentralised exchanges, so your gambling experience can take a whole new turn. The central aspect which makes NFTs so likeable is their uniqueness.
Therefore, the newest tendency of gambling platforms is to implement Non-Fungible Tokens (NFTs) as reward systems. Therefore, we compiled a list of the NFT-casino projects worth keeping an eye on.
Slotie NFT
Released in December 2021 by Elia Software, Slotie is an ETH-based non-fungible token that enables owners to enter the most substantial network on the blockchain market, Defi Gambling. This NFT is aimed to be used on fast-growing online sites in the gambling industry, which include slot games and where players can use crypto payments.
With just 10000 holders, Slotie generates an 80% commission from all earnings from any Slotie-based casino game winnings.
How does Slotie ensure passive income to its users?
The holder of Slotie NFT has the chance of becoming “the house” in more than 150 casinos by simply subsuming such NFTs into online slot games. When the NFT wins the game, the owner receives a complete refund. Also, the Slotie community of members receives monthly passive income.
How much is one Slotie worth?
As for now, the acquisition of Sloties is closed. However, on the day of its release, Slotie NFTs were sold in two distinct sales: a private sale (presale of 2500 NFTs) and a public one (a remaining 7000 NFTs). To qualify for a presale, buyers had to submit some conditions on a private Discord channel.
During the presale, the value of one Slotie was 0.08 ETH, with one buyer being allowed to buy a maximum of 10 Sloties. On the public auction, one Slotie was worth double the price – 0.16 ETH, with a limit of 10 Sloties per user, as well.
Other benefits for Sloties holders
- If the holder is a VIP member, they are entitled to casino cashback of up to 20% based on how rare their NFT is;
- Slotie owners can participate in weekly lotteries, where they can win cash, other NFTs, watts, or even free spins.
- Slotie holders can breed their NFTs and create new NFTs series called Junior Sloties.
Gambling Apes
Launched in September 2021, Gambling Apes was founded by two entrepreneurs, Noah Fischer and Marcel Schwarz. Gambling Apes are also created on the blockchain, and these NFTs are part of a collection of 7777 individual apes. Apart from the benefits which attracted many owners, Gambling Apes outshined through their great colour options – from very vibrant and vivid colours to a more toned and grayscale palette that can suit anyone’s taste.
How much was the selling value of Gambling Apes?
When Gambling Apes was released, the value point of each NFT was 0.07 ETH, and they were sold out in seven minutes.
What do owners get from owning this NFT?
The holder of a Gambling Apes has multiple benefits that increase their fortune progressively. The primary use of owning such NFTs is the opportunity of playing casino games at the future up-coming casino. Owners will receive a share monthly, a fair share of the casino’s revenue. They will be able to play classic online casino games such as Slots, Roulette, and Blackjack. Also, the Gambling Apes community members will obtain exclusive access to special events and other tournaments.
More insight on the future casino
On 20th September 2021, Gambling Apes purchased 14 parcels of Decentraland, a virtual world where members own actual land. Currently, the team is still working on designing the casino where members will also be able to participate in sports betting events, apart from the typical casino games. After its release, players will be able to play poker and Baccarat, as well.
How much will owners earn?
When the Gambling Apes Casino is officially released, the following earning structure will apply:
- 10% of revenue for all big wins;
- 20% for promotion wallet;
- 70% profit stake for all owners.
Sherbet
Released in November 2021, Sherbet was launched on the Ethereum blockchain and has been on the radar in the NFT community as it offers 7777 distinctive NFTs. These NFTs are vividly coloured with a unique design. As a Sherbet owner, you can access VIP status on the official Sherbet website. It was the cheapest NFT, starting from 0.17 ETH, and sold out in less than eight minutes.
How can you use Sherbet NFT?
Sherbet was in the process of building a casino which launched in May 2022, but unlike the Gambling Apes classic online casino, Sherbet is launching a new concept of player vs. player casino where Sherbet owners can play against their friends or others. As a VIP member, you’ll get discounts and unlock special features. Also, this casino will use its own token, $BET.
What you’ll earn as a Sherbet NFT owner?
If you get a hold of this NFT, you won’t be considered a casino co-owner. You’ll get the chance to play against your friends and cash out your $BET tokens, but the value of your earned tokens depends on the popularity of the casino.
NFTs are the future of online gambling
Overall, this new technology offers an investment opportunity for any gambler. NFTs are bringing something innovative and creative to the market, combining both art and lucrative business.
Disclaimer: This is a guest post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.