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Inscription Marketplace, the NFT marketplace owned by the Bybit platform, has been shut down. Bybit is one of several companies exiting the NFT space after the value of these digital collectibles has decreased significantly.
The NFT market has experienced a significant slowdown in recent weeks, with demand and prices dropping for collections like Bored Apes and CryptoPunks. Learn about the possible factors behind this decline and discover strategies for collectors to make informed decisions in this evolving market.
Wondering what are NFTs, how to buy them, and which are the best NFT projects? Let's explain everything you need to know in this NFT guide.
Let's go over how to play Dookey Dash. You'll find out everything you need to know about the new Mint, as well as tips and tricks to improve.
A one-of-a-kind NFT of the Birkenstocks sandals worn by Apple co-founder Steve Jobs at various times during his life has sold for over $200,000.
The royalty enforcement tool only applies to new NFT collections at this stage, with a decision to be made on existing collections at a later date.
Trying to get to grips with cryptocurrencies and native Reddit NFT assets looks promising for Reddit's adventure into decentralized finance
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
The NFT world has witnessed some amazing projects. This post is all about What is Pixel Vault NFT and its related features.
This article is all about 10KTF NFT. Let's take a look at what is 10KTF NFT and other details.
This article is all about what are NFTs and top NFTs with 100x potentials. Let's take a look at it in more detail.
This post is all about what is FLUF World NFT. NFT's non-fungibility is just like real-world contracts, where users can’t trade one contract for another.
RSC will use the RSC fund to address financial and gender inequality in the racing industry. The RSC Fund will ...
This article is all about the Bored Ape Yacht Club's own cryptocurrency - the ApeCoin and Apecoin price prediction
What are Great Goats NFT? The Mint price was 2.75 SOL and supply was limited to 11,111 NFT. Currently, the floor price is 6.9 SOL on Opensea.
32 NFTs stolen as Discord servers of BAYC and OtherSide get hacked. The phishing attack was conducted by hacking the ...
OpenSea just threw a major announcement. What is Seaport Opensea? Will the NFT market bounce back and continue to breakthrough?
NFTs are digital ownership tokens. These tokens function on blockchains that uphold smart contracts like Ethereum. This post is all about how to buy NFTs on Solanart
Lina Valentina will launch an NFT collection to promote women empowerment. The collection will also entice women to be involved ...
Instagram announced that they are in the testing phase of adding posts that contain NFTs! Read on to know more about the Instagram NFT news.
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