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Author: Eduardo Próspero

Blue Chip NFTs 101: Cool Cats Lands On Its Feet And Does It In Style

Do the Cool Cats still have Blue Chip status? The collection fell on hard times lately, but so has any other NFT project out there. We’re in a bear market, after all. A Hollywood agency manages the Cool Cats project, they had the coolest exhibit in NFT NYC, and collaborated with TIME magazine in a weird NFT drop. Still, the collection’s floor price is down to levels not seen since the project’s conception. Related Reading: Blue Chip NFTs 101 – What’s The Secret Behind CloneX? Built For The Metaverse The Cool Cats started spreading good vibes in July 2021. It’s a PFP collection consisting of 9.999 unique cats assembled from various traits that formed 300K possibilities total. The ecosystem expanded in two major ways lately. They launched their secondary collection, the Cool Pets, and their own token, $MILK. The new coin is the blood of the gamified experience that the collection’s creators have been releasing. pic.twitter.com/GcpXtb5Vt8 — Mike Tyson (@MikeTyson) July 9, 2021 Speaking about those, the core team are: the smart contract programmer Tom Williamson, web developer Rob Mehew, creative director Evan Luza, and illustrator Colin Egan AKA The Cartoonist. The unofficial fifth member of the band is Mike Tyson. The eternal heavyweight champion changed his Twitter profile picture to a Cool Cats and that propelled the collection when it needed it the most. The Relationship Between Cool Cats And CAA The Cool Cats went Hollywood on March 2021. In a move unprecedented at the time, the creators signed with leading talent agency CAA. In a press release from the time, the partners explained the deal in detail: “Leading entertainment and sports agency Creative Artists Agency (CAA) has signed Cool Cats, producers of the widely known Cool Cats and Cool Pets NFT collections. In collaboration with the gamified NFT company, the agency will identify and create opportunities for Cool Cats characters across an array of areas, including licensing and merchandising, animated content, brand partnerships, live events, publishing, and more.” So, there’s serious money and interests behind the cats. Why are they fading away into the background, then? Is it just an effect of the bear market? BTC price chart on Bitbay | Source: BTC/USD on TradingView.com Cool Cats ’ got utility First of all, Cool Cats holders get their NFT’s property rights. That means, they can produce commercial projects with their NFT’s images. Cool Cat owners also get access to the project’s Discord server, and priority for all of the exclusive Cool Cats events and mints. Holders can stack their NFTs and get yield in $MILK. Another benefit is access to Cooltopia, a project they define as “a gamified ecosystem built on interactivity and utility, community rewards and growth, collaboration with brands, and much more.” Another self-definition has Cooltopia as a “place where having a Cool Cats NFT grants you evolving access to games, tokens, community events, collaborations, and more.” Plus, there’s the Cool Pets side project. A reward to NFT holders and a way for newcomers to enter the ecosystem at a lower price point. The Cool Pets collection has 19,999 units. Every holder got a pet for free. The general public bought the other half. The Cool Pets first come as an egg image, that hatches and reveals the final NFT. The pets are divided into four elements: Fire, Water, Air, and Grass. The $MILK token The $MILK is an ERC20 token on the Ethereum and Polygon blockchains. It’s the oil that greases Cooltopia’s gamified economy. According to the documentation: “$MILK is the key to all sorts of functionality and fun in the Cool Cats ecosystem, from buying Battle or Housing chests to going on quests.” “$MILK is also how you’ll enhance and evolve your Cool Pets.” This one describes the NFTs staking-like mechanism: “Your Cool Cat is earning $MILK just by being cool (the $MILK claiming clock begins as soon as the contract is deployed), and that $MILK will accumulate over time.” Controversy And Suspicion There’s something strange going on with this project. Recently, the newly-appointed CEO stepped down after just three months. There was never a credible explanation. The collection just tweeted, “Chris Hassett has stepped down as CEO. We thank him and wish him the best moving forward.” Is there something rotten in the Cool Cats headquarters? Related Reading: Blue Chip NFTs 101: The World Of Women Collection, Including And Conquering And then there’s the price. At its height, in October 2021, the Cool Cats floor price was around 26 ETH. Almost a year later, the floor Cool Cats are trading for 2.9 ETH. That’s not all, the Cool Pets’ floor price is 0.18 ETH. Are those Blue Chip numbers? Even though we’re basically in the middle of a crypto winter, the collection seems to be falling off a cliff… Will the Cool Cats land on their feet? Featured Image: screen shot from the collection's site | Charts by TradingView

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Blue Chip NFTs 101: CyberKongz Together Strong!

Author: Eduardo Próspero

United Kingdom

Source: NewsBTC

Aug 23, 2022 04:45

Blue Chip NFTs 101: CyberKongz Together Strong!

The CyberKongz don’t get the mainstream media headlines, but they’re one of the most solid NFT projects out there. If not the most. They have an active and heavily involved community behind them, and they keep working and innovating while the others sleep. In the NFT world, everyone respects the CyberKongz. Outside, in the real world, nobody has heard of them. And that might be the winning combination. On their website, they describe themselves as “CyberKongz are unique and randomly generated 2D/3D NFT Social Avatars for your online experiences.” On March 3rd, 2021, the CyberKongz hit Ethereum and Opensea without much fanfare. The brainchild of artist Myoo, the project originally consisted of 1000 randomly generated NFTs. Only 989 were available to the public. One became the collection’s official mascot and the 10 deemed “Legendary CyberKongz” were auctioned off. Related Reading: Blue Chip NFTs 101 – Let’s Travel To Space With The Doodles Collection Since the Genesis drop consisted of 34×34 pixel images, they quickly became the profile picture of choice for its not-so-many holders. At that time, PFP collections weren’t a thing. Since the CyberKongz and others revolutionized the space, they are THE thing. On April 17th, the collection migrated to a new smart contract that contained a few surprises. The team created a utility token, $BANANA, and the original CyberKongz Genesis began yielding 10 tokens a day. At one point in time, this was a modest salary, but the $BANANA token price took a heavy hit since the bear market arrived. In any case, the $BANANA token has actual use cases throughout the CyberKongz ecosystem. For example, to create a Baby Kong costs 600 $BANANA. Types Of CyberKongz So far, there are three types of CyberKongz. We already described the Genesis collection. Each of these 1000 NFTs will yield 10 $BANANA every day for the next 10 years. By burning $BANANA, holders can alter their NFTs and give them a name or include a biography. This is the type of innovation we were talking about in the intro. Surely, $BANANA is a nice way to reward the first investors in the project, but it’s not the only one. Two Genesis CyberKongz can breed. For the modest price of 600 $BANANA they can create one of the 4000 randomly generated Baby Kongz. A completely new and different NFT. It’s worth noting that the Baby Kongz don’t inherit the rarity traits of the Genesis CyberKongz, so everyone has the same chance of receiving a rare NFT after breeding. The CyberKongz VX are 3D Voxel monkeys that are ready for the metaverse. This time there are many more, CyberKongz VX consists of 15000 “voxel-based avatars built to be used in online metaverse environments such as The Sandbox.” Holders can download their 3D assets in the .OBJ, advanced .FBX, .VOX, and .GLTF file formats. They are licensed to use them in merch and create their own derivative artworks with them. ETH price chart for 08/23/2022 on Bitfinex | Source: ETH/USD on TradingView.com Quick Cool Facts About The Kongz The 10 “Legendary CyberKongz” auction was a roaring success. The NFTs went for an aggregated amount of over 200 ETH. The project’s charity contributions are unmatched. After the original mint, 60% of the proceeds went to the Cool Earth and Orangutan Outreach organizations. After the CyberKongz VX mint, 10% went to Virunga National Park and COTAP.org. CyberKongz VX is “the first-ever randomly generated NFT collection created using VoxEdit,” the 3D Voxel creation tool by The Sandbox. Inside The Sandbox, the CyberKongz won the auction for “The Shrine Of Thuth” and renamed the building “The Shrine Of Kongz.” Then, they bought a 12×12 estate and announced they were building Neo Kongz City there. After that, they bought a 24×24 estate and announced the construction of Kongz Island. Besides that, the Kongz own propriety in Axie Infinity’s Land of ‘Lunacia’, several plots of Ember Sword land, a Penthouse in Worldwide Webb, and will build a realm in the Gridcraft Network. Related Reading: Blue Chip NFTs 101 – What’s The Secret Behind CloneX? Built For The Metaverse Conclusion Maintaining the initial supply of only 1000 CyberKongz Genesis was essential for this project to survive. They found a way to increase it without devaluating the original drop, created a utility token that’s actually used, and invested their funds in the collection’s future: the metaverse. All of this underpinned by the hottest Discord in the game, one where CyberKongz holders can get the most precise alpha available about the NFT scene as a whole. Or so we’ve heard. Featured Image: CyberKongz 3d voxel in The Shrine Of Kongz | Charts by TradingView

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Nifty News: ‘Blue-chips’ halve in value, free-to-mint Goblintown NFT volume surges

Author: Cointelegraph By Jesse Coghlan

United States

Source: Cointelegraph.com News

May 30, 2022 08:20

Nifty News: ‘Blue-chips’ halve in value, free-to-mint Goblintown NFT volume surges

Data on the most well recognized nonfungible token projects show that key metrics have fallen with floor prices and market capitalization over the past month.

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The Wall Street Journal Is Dead Wrong About The NFT Market’s Supposed Collapse

Author: Eduardo Próspero

United Kingdom

Source: NewsBTC

May 04, 2022 04:50

The Wall Street Journal Is Dead Wrong About The NFT Market’s Supposed Collapse

The NFT market is thriving, actually. Once again, the Wall Street Journal makes a fool of itself by tackling subjects beyond the publication’s comprehension. The author declares “the NFT market is collapsing,” citing suspicious numbers and two cases of bad trades as proof. And then, to top it all off poses a terrible theory. The “NFT Sales Are Flatlining” article is embarrassing beyond belief. Disclaimer: The following op-ed represents the views of the author, and may not necessarily reflect the views of Bitcoinist. Bitcoinist is an advocate of creative and financial freedom alike. Among other things, it proposes the worst definition of NFTs ever written: “NFTs are bitcoin-like digital tokens that act like a certificate of ownership that live on a blockchain.” No, NFTs are not “bitcoin-like” at all. And the WSJ just forgot about the “non-fungible” aspect of these unique digital assets. And yes, someone bought an NFT of Jack Dorsey’s first tweet for $2.9M, another person bought a Snoop Dogg endorsed one for $32K. Both tried to auction the digital assets and only got embarrassingly low offers. Based on those two cases, the WSJ implies that the whole NFT market is dead on the water. THE DEATH OF NFTs… One buyer purchased a Snoop Dog curated NFT in early April for about $32,000 worth of the cryptocurrency ether. It's now up for auction, with an asking price of $25.5 million. The highest current bid is for 0.0743 ether—about $210.https://t.co/dg54XYijxh — Steven Russolillo (@srussolillo) May 3, 2022 The WSJ bogus numbers about the NFT Market Admittedly, the Wall Street Journal probably has access to a wider array of data than NewsBTC. However, the numbers they use to prove the NFT market is dead are suspicious as hell. “The sale of nonfungible tokens, or NFTs, fell to a daily average of about 19,000 this week, a 92% decline from a peak of about 225,000 in September, according to the data website NonFungible. The number of active wallets in the NFT market fell 88% to about 14,000 last week from a high of 119,000 in November.” Notice that they don’t link to NonFungible and provide a few low-resolution graphs that the normal eye can’t audit. However, everyone can go to NonFungible. The number of sales for May 3rd is 104.465 and that represents $206B. Hardly the signs of a dead NFT market. Granted, the number of sales for April 3rd is approximately 14K, but on May 1st the NFT market moved a whooping $778B in 117K sales. That’s not it. The WSJ also presents these stats as if they prove its case: “The imbalance between supply and demand is also hurting the NFT market. There are about five NFTs for every buyer, according to data from analytics firm Chainalysis. As of the end of April, there have been 9.2 million NFTs sold, which were bought by 1.8 million people.” Have they even been to OpenSea? There are hundreds of collections. And NFT aficionados own dozens of pieces. Sometimes, hundreds. Sometimes, thousands. And that’s just one platform that serves one blockchain. Five NFTs for every buyer is nothing. ETH price chart for 05/04/2022 on Coinbase | Source: ETH/USD on TradingView.com The Wall Street Journal’s Off The Mark Theory This might be the most ridiculous part of the article. Let’s let the author bury himself: “There are signs that collectors may also differentiate between NFTs that catalog a vast set of cartoonlike characters—like the CryptoPunks—and tailored, NFT art projects spurred by major artists who already enjoy museum followings.” And then he talks about Jeff Koons and Chinese artist Cai Guo Qiang, who sold out NFT collections, and director Kevin Smith, who’s planning to. Meanwhile, Moonbirds set the NFT market on fire and the Bored Ape’s Otherside literally broke Ethereum. We’re talking billions of dollars for the “cartoonlike characters” team. Not only that, The Nightly Mint points us towards Nansen’s numbers. 6/ Taking a look at NFT Paradise, volume is robust – the last two weeks are both set to be among the top-10 in history (measured in ETH). Users per Week and Transactions per Week are likewise looking to reverse downtrends that began at the start of the year. pic.twitter.com/edNKzddMQW — Nansen?? (@nansen_ai) May 3, 2022 They clearly show that “the last two weeks are both set to be among the top-10 in history (measured in ETH).” And that “the Blue Chips and Social sectors are on a tear, up 81% and 83% YTD.” So, what game is the Wall Street Journal playing? Is this a case of poor research or evidence of malicious intent? That’s for you to decide, dear reader. Featured Image by Philip Strong on Unsplash | Charts by TradingView

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Blue Chip NFTs 101 – How Did Moonbirds Conquer The World In A Bearish Market?

Author: Eduardo Próspero

United Kingdom

Source: NewsBTC

Apr 30, 2022 04:45

Blue Chip NFTs 101 – How Did Moonbirds Conquer The World In A Bearish Market?

The extreme success of Moonbirds is the NFT story of the year so far. The collection opened up so strongly that it archived instant blue chip status and a place at the top of the charts. The market for NFTs is bearish at the moment, how did the pixeled owls accomplish such a feat? It certainly wasn’t just the art, even though the Moonbirds have a distinctive look and probably make excellent profile pictures AKA PFPs. Let’s uncover the story. This one has it all; a nascent but powerful organization, crazy numbers, internet legends, an ambitious roadmap, light controversy, and, of course, metaverse plans. Moonbirds: Formal Characteristics There are a total of 10K Moonbirds, they were issued under the ERC-721 standard on the Ethereum blockchain. The mint price for each one was a whopping 2.5 ETH. That means that, at current prices, the Proof Collective made over $70M on that first day. The madness doesn’t end there, according to CryptoSlam, the Moonbirds have generated $481M in sales so far. That’s 160K ETH from almost 12K buyers. And for every secondary sale, Proof received a 5% cut. According to the Moonbirds official site, the organization distributed those original 10K birds as follows: 7,875: Public sale to allowlist winners 2,000: PROOF Collective Members (1,000 passes) each receive two free mints 125: PROOF wallet for future collaborations, marketing, and advisors All interested parties, including Proof Collective members, were able to enter a raffle to be whitelisted for that public sale. Of course, there was controversy, which we will cover. The Moonbird NFT collection promised the usual, membership to a private group and a Discord server, and future yet-to-be-revealed utilities. A staking mechanism, cleverly named “nesting” and a future metaverse codenamed “Project Highrise.” According to the Moonbird’s site, their “unique take on the Metaverse” will be “a dramatic departure from the existing ‘never-ending’ worlds that feel like a digital ghost town. Ours is uniquely different, and you’ll have first access as a nested Moonbirds holder.” It’s also worth noting that, “owners of Moonbirds have full commercial art rights for the Moonbird they own.” ETH price chart for 04/30/2022 on Oanda | Source: ETH/USD on TradingView.com What Is “Nesting” And What Can It Do For You? Staking is a DeFi staple. It locks assets and takes them off the market, which benefits all other holders and the project in general. In Moonbirds, the process is called “nesting,” and “the longer you nest your Moonbird, the more rewards you’ll accumulate.” What rewards exactly? That’s not yet clear. And the nesting process is not yet available. However, the Moonbirds site already lists certain characteristics. Nesting will be “non-custodial (no need to transfer it to another contract) and the holder numbers displayed on OpenSea etc will not be impacted.” Those stats are very important for NFT projects. Holders can’t sell their NFTs while nesting, but they can transfer them. “The intent is to allow holders to move their Moonbirds between their own accounts, e.g. if they compromise their wallet via a rogue signature.” There’s also this vague promise, “as soon as your Moonbird is nested, they’ll begin to accrue additional benefits. As total nested time accumulates, you’ll see your Moonbird achieve new tier levels, upgrading their nest.” Controversy. Of Course. For the level of success that the Moonbirds accomplished, the controversy around them is pretty mild. The first two aren’t the Proof Collective’s fault, and the third one is pretty standard practice. Let’s go through them: Their raffle got hit with a Sybil Attack. That means, a person or organization created more than 400 wallets to get as many tickets, or chances to win a whitelist. They earned more than 50 spots. This Twitter user unveiled the whole thing: Looks like someone created 400+ accounts to Sybil Attack the @moonbirds_xyz raffle:https://t.co/HeWT5d8DCP They’ve already sold the majority it looks like. Just at a quick glance they won 20+ One example:https://t.co/UTqYWRkgsG pic.twitter.com/szgJGT5JXO — zachxbt (@zachxbt) April 16, 2022 According to The Next Web, they found “at least 10 hacked Twitter accounts across countries ranging from athletes to politicians posting scammy links that lead you to a fake Moonbirds website. ”Their aim was to get the unsuspecting audience to send them ETH in hopes of getting a non-existent Moonbird. When pressed, one of the Proof Collective founders said, “Oh the spam is terrible! We’re doing everything we can to contain it. Lots of bad actors doing their play.” Oh the spam is terrible! We’re doing everything we can to contain it. Lots of bad actors doing their play. This wasn’t project criticism (which is of course valid) so much as gatekeeping which projects deserve recognition or success. — Justin Mezzell (??,??) (@JustinMezzell) April 19, 2022 The NFT Ethics account did its best to attack the Moonbirds project, but all they could do was accuse the Proof Collective of wash trading to pump up the price for their other NFT project and of gifting those memberships to influencers, “GaryVee (Gennady), his brother AJ, Beeple and some old friends received the Proof collective for free.” 1/ Some people contacted us to ask our opinion on @moonbirds_xyz that is minting tomorrow for 2.5 ETH, which would take out more than 75 million USD out of the ecosystem. As usual, many are afraid to speak out because they don't want to offend "powerful" Web3/NFT influencers/VCs. pic.twitter.com/YXvAqs8mwn — NFT Ethics (@NFTethics) April 15, 2022 Hardly anything to write home about. On the next “Blue Chip NFTs 101” we’ll take a look at the organization behind the Moonbirds, the Proof Collective, and their other NFT project. A membership to the influential group. It might be the NFT with the most valuable utility to date. Feature Image Moonbirds sample from the official website | Charts by TradingView

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Airdrop Alert: If You Hold Blue Chip NFTs, You Might Have Been Sent $87,000+

Author: Taha Zafar

Germany

Source: CryptoTicker

Oct 26, 2021 07:10

Airdrop Alert: If You Hold Blue Chip NFTs, You Might Have Been Sent $87,000+

This timeline is unreal and every day crypto introduces something new. Until now, the airdrops had been mostly awarded retroactively based on past usage or on completion of certain steps. Now, users are being rewarded handsomely for minting and/or holding blue chip NFT collections, the more the better! Botto is a generative artist governed by the community and the platform is airdropping a generous amount of its BOTTO tokens (worth anything between $2112 - $87,000+) to current and former holders of Artblocks Curated, Artblocks Playground + Factory, Async Art, BAYC, CryptoPunks, Meebits, SuperRare and Hashmasks.

Visit Botto App and click Connect Wallet

Botto Airdrop - Landing Page

2. Once the wallet has been connected, click Airdrop on the top right corner of the screen

3. Claim airdrop after authorizing the transaction and paying for gas via MetaMask. That's it. If your address isn't included in the airdrop and you feel that you fulfill the criteria, fill the form and send request.

BOTTO Airdrop - Who Receives What?

To reward blue chip NFT holders proportionately, Botto has divided the airdrop in 4 tiers, increasing the number of BOTTO tokens as you climb them. Basically, if you minted or held any NFT from the blue chip NFT collections mentioned in the first paragraph from the time period starting from 22/06/2021 and lasting until 14/07/2021, you are eligible for the airdrop.

But Botto admits that there might have been some airdrop omissions for technical reasons, in which case the team can be contacted via the form. One interaction is counted as one or more NFTs mints or holding them from the same blue chip NFT collection, second interaction requires minting and holding any other blue chip NFT collection and so on.

Tier 1 required interactions with at least 1 qualifying project - 646 BOTTO ( worth $2112)

Tier 2 required interactions with at least 2 qualifying projects - 1893 BOTTO (worth $6190)

Tier 3 required interactions with at least 5 qualifying projects. Early contributors were injected into this tier. - 4576 BOTTO (worth $14,963)

Tier 4 is reserved for the initial team members to redistribute tokens at their own discretion. - 26,666 BOTTO (worth $87,197)

The post Airdrop Alert: If You Hold Blue Chip NFTs, You Might Have Been Sent $87,000+ appeared first on CryptoTicker.

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