NFTS: Just Jpegs? Digging Deeper Into The Future of NFT’s

NFTS: Just Jpegs? Digging Deeper Into The Future of NFT’s

“Why would someone pay $1,000,000 for a picture of a monkey? It’s just a jpeg”

“Is the NFT industry dead?’

There is a lot of confusion about NFT’s both amongst web3 enthusiasts and those yet to dabble on the blockchain. Of course, like anything with a secondary market (see: baseball cards, beanie babies, pokemon collectibles, gun collectors, art colelctors, etc) there is a speculative aspect to buying and selling these assets. Speculation is typically a combination of intrisinc value, speculative intrinsic value, game theory and timing. 

Intrinsic value is simply what it means to a single individual. If Barry Bonds is your childhood hero, you may value a game worn autographed jersey more than someone else does. If he signed it right in front of you, you may value it more than anyone would ever be willing to pay to take it from you. 

Speculative intrinsic value is what you believe someone out there would be willing pay to for it given what it means to them. You might buy an expensive autographed, game worn jersey even if you don’t value it as such because you speculate that someone out there will value it far more than what you have paid for it. 

It’s not uncommon for ticket scalpers to buy hundreds of tickets to events they have no interest in attending because they believe that there are hundreds of people that will value it more than what they paid to acquire them. 

NFT’s are similar but present and interesting challenge; what are we speculating that people will value? In ticket sales, there is an experience people are valuing, not the ticket itself. In sport memorabilia it’s a connection with or fandom of the sport figure that speculators hope people value, not the price of the item itself.

For examples of this, we look to Gray Wolf Labs. Gray Wolf Labs has been featured on CoinNetwork before in an article called “Changing the Conversation About NFT’s With Wolf Pups”. Gray Wolf Labs publishes companies, brands and project onto the blockchain in a very stealth way to keep speculation so minimum. Instead, they are finding industry movers and shakers and helping them solve their problems using blockchain tech. 

Oftentimes, NFTs are a solution to some of their problems. 

The next three publishing projects from Gray Wolf Labs are Palladium Protocol, The DZP ALL EXCE$$ PASS Celebrity Chef Mark Tarbell’s forthcoming Wine Club, and The Black Swan Web3 Experience. 

All three are existing companies with track records of success spanning decades. So why move to the blockchain and integrate NFTs into and already successful business?

Provenance and Royalties. 

We will use the DZP ALL EXCESS PASS as an example:

Danny Zelikso has been a prominent show promoter for over 50 years. He has worked with the Beatles, Ozzy Osbourne, Shania Twain, The Grateful Dead, Snoop Dogg… you name the artist or comedian and he has worked with and probably become good friends with them. Over those 50 years, Danny has collected thousands of items from autographed beatles guitars to the furniture from Ozy Osbourne’s home. The collection fills 4 homes and 5 storage units in and around Phoenix Arizona

Almost all of it was personally gifted to him, each item has an incredible story. 

Recently, Danny decided it was time to share the collection and the stories with the world and provide exclusive events, opportunities and experiences for the biggest fans of rock and roll history. 

As explained on the one-pager for the membership pass:

 

Beyond the stories

After being kept under wraps for decades, Danny’s truly authentic, iconic, and personal keepsakes are available to you now for the first time. He plans on creating a large museum-like space for one and all to be able to view these treasures, as well as development grants and music tuition incentives for sincere enthusiasts from the proceeds of the collection. DZP All Exce$$ pass holders will get opportunities to win one-of-a-kind memorabilia and get invited to exclusive experiences.

The tech

NFTs are still in the early stages, but their impact on artists and their art is profound. Blockchain technology puts the power back into the hands of artists, performers, creators, and true collectors.

Provenance

The history of collectibles is a long and complicated one due to the complexity of provenance. Provenance is “a proof of ownership of art, antique or collectible, used as a guide to authenticity or quality.” Historically, the origin of an object has been determined by following a trail back to its origin. To determine authenticity, NFTs’ proof of creation is stored on the blockchain and each transaction is permanently recorded on the blockchain, along with its transfer history. Your All Excess Pass can easily be verified as an original since the record is stored securely on the Ethereum network.

Royalties

Marketplaces for secondary sales like eBay and StubHub often make 12-25% of the transaction fees on the secondary and subsequent markets. Rarely does this fee go back to the original creator. The blockchain removes the secondary market fees and allows for royalties or “creator” fees to be coded into the asset and go directly to the original creator or artist.

There is a 10% royalty coded into the All Exce$$ pass, instead of those funds going to a marketplace, they go into improving the pass holder experience.

 

NFTs allow Danny to share the collection and personal experiences while minimizing much of the mundane that comes with memberships sites. No usernames, no passwords, no forgeries. It also lowers the total fees for the buyers, as traditional marketplaces and CC processors wil end up with 20% of each sale from hidden fees, while redirecting the fees to the creators in the form of creator royalties. 

These royalties, unlike ebay or ticketmaster fees, go 100% back into improving the specific experience the buyers of the passes are investing in. 

In other words, for Danny Zelisko, NFT technology presents a solution to an existing problem he and others like him have been facing. It’s not about pumping the price or increasing the speculative value of the NFT. It’s about making incremental improvements to an established brand using the tech most suited to do so.

Are NFTs just jpegs?

Perhaps to many, that is all they will ever bet. But that is certainty not all that they can be. Gray Wolf Labs, Polygon, Horizon/Sequence and many others are bringing in a new wave of NFTs creators that are using NFTs to improve proven products, services and experiences. Since we own a few Wolf Pup NFTs ourselves, we have a front row seat to the growing utility of NFTs in different industries and domains. 

The future of NFT, blockchain tech and Web3 is very bright. The NFT “industry” – meaning speculating on speculation might be dead, it might not. Exciting tech is unpredictable. But NFTs are just getting started. As clarity around regulation comes, more large companies will be adopting and integrating NFT tech for the utilities. They will find ways to use NFT tech that we cannot even imagine at this point in time.

NFTs are certainty not dead. 

Some NFT utilities already adopted and implemented:

  • Starbucks reward program is driven by the blockchain
  • Food services around the world are using blockchain tech for provenance, saving them hours a week on tracking down inventory and verifying authenticity of product
  • A speakeasy in Arizona is using NFTs to verify membership, the NFTs also unlock personal lockers and benefits on location
  • Nike and other apparel companies are using NFT tech to prove ownership and legitimacy of high end products to eliminate forgeries.
Meme Season.. Is It For Real? Pepe make waves, Floki Inu Pumps, What’s Next?

Meme Season.. Is It For Real? Pepe make waves, Floki Inu Pumps, What’s Next?

Meme coins were never supposed to be mainstream. Doge, a currency made for fun and as a joke oking fun at the marketput them on the map by becoming widely adopted. Doge was even listed on Robinhood along with Bitcoin and Eth.

The financial world was taken by surprise, as were we all. Perhaps we shouldn’t have been. Meme’s have always been a powerful way to bring people together and like-minded people behind a cause or purpose, even a satirical one, change the world.

Recently, there has been a boom in the prominence of meme currencies such as Floki Inu and the newly listed Pepe, which has taken the web3 world by storm realizing expolisve growth in just a few weeks of bring listed. These meme coins have surged bu investors should still proceed with caution. Before putting significant amounts of money into meme coins, each investor should understand what they are looking for and do their diligence. For every 1000 x memecoin there are 1000 scams, failures and losses. 

Note that the value of meme coins is often based on speculation and exuberance rather than economic fundamentals or usage, making them a high-risk investment. Moreover, meme coins frequently have little to no use applications or contributes substantial, which might make them particularly prone to price fluctuations and exploitation. Meme coins with canine themes are currently experiencing tremendous pumping, with Floki Inu’s price action seems to be setting the pace for dog coins, but Pepe’s rise (a cartoon frog) has proven that it’s not just dog memes that have impressive upside.

Floki Inu

Floki Inu’s long-term goal is to be the most widely recognised and widely adopted cryptocurrency in the world. According to the marketing staff of Floki Inu, this is why the company has partnered with one of Italy’s best professional soccer teams: the team’s fans will help spread the word about the new meme coin. It would appear that Floki Inu is actively pursuing agreements with major sports leagues in an effort to gain widespread popularity.

Besides Cádiz of the Spanish La Liga and the Kerala Blasters of India, the crypto has signed sponsorship partnerships with additional professional football teams. Furthermore, SSC Napoli and the meme token share similar ideals and development targets.

FLOKI’s price growth since its beginning

With the success of Dogecoin and Shiba Inu, a new dog-themed token called Floki Inu entered the cryptocurrency market in June of this year with the goal of becoming the most well-known meme coin in the world. FLOKI was listed at a price of US$0.00000002 in August of 2021. On November 4 it hit a record high of US$0.000405, after having risen to US$0.00006 in late October. Floki Inu, which was originally registered for millionths of a cent, had a huge price spike within a few months of its inception.

Dog-themed coins haven’t always had an easy ride. Floki Inu’s posters on London’s subway and double-decker buses caught the eye of the Advertising Standards Authority (ASA), the UK’s marketing watchdog, some time ago. A review is being conducted to determine whether or if the crypto has broken any of the firm’s policies.

Both “Super Doge” and “Rocket Doge,” two subsequent releases, were instant hits with gamers. But at the same time, Tamadoge hired a new Head of Gaming, which boosted the platform’s popularity among gamers. But that’s not the end of it either. Further games, such as “To the Moon” and “Tama Blast” and “Tamadoge Run,” are also in the works or scheduled for release in the near future. What we’ve learned about the Tamadoge platform thus far sheds light on why the native TAMA coin has been increasing in value recently, and why crypto experts predict this trend will continue into the foreseeable future. But, behind the popularity of this meme coin is hard labour, not just a succession of tweets, as is the case with several other meme coins. Play some Tamadoge games and wait for the value of TAMA to rise while you buy them on OKX, Uniswap, Gate.io, LBank, MEXC, or BitMart.

Floki seems to be a afe bet in this wild wild west of a market, but also keep an eye out for a couple of other promising cryptocurrencies that are combining internet memes with utility and have promising long-term prospects.

The time to buy Dao Whisperer is NOW

What if there was a way to bet on community and meme culture? Not just a single asset, but a crypto asset tht is designed to support all meme projects and benefit from their rises in price action? Crypto speculators and specialists believe that DWHISPR’s value could climb by as much as 30x in the next few months. 

The team has been recruiting many of the ethical crypto influencers in the space as well as eth developers that can create a “rising tide” suite of utilities. Here are some of the ideas the DWHISPR team has shared:

  • A robin hood type project that recaptures stolen funds from scammers and rug pullers and redistributes them back to investors of the various project that have been rugged. 
  • NFT lotteries and card games where the profits are paid partially to holders and partially to invest in other memes chosen by the community vote
  • A “Pawsitive Impact” fund controlled by the community to do whatever the community votes to do. The only limitation is the creativity of the community. 

The timeline is currently unknown, but one look at the Dwhispr twitter and the influencers tagging Dwhispr tells signals conversations being had, partnerships being formed and work being done on the development side. 

Dwhispr represents a lower risk than many of that popular meme plays at the time writing of this because the market cap is still low. In other words, there is a lot of room for upward momentum. This is the time to get into meme plays like this. 

Where else can you find a mascot that combines the greatest supporter of meme culture in history (Elon Musk) and the Dog Whisperer, Cesar Milan? 

With tremendous room for upside momentum and Elon Milan as the face of the project the meme aspects of Dwhispr are strong. The community-focused utility might be even stronger. Invest safely.

Pi NFT: The First NFT Marketplace On Pi Network

Pi NFT: The First NFT Marketplace On Pi Network

Non-fungible tokens (NFTs) are indivisible digital assets kept on a distributed ledger. They have grown in prominence in recent years as a means of verifying the ownership and originality of digital assets, and they can represent everything from digital artwork to collectibles to virtual real estate.
If Pi NFT is indeed a platform for trading NFTs on the Pi Network blockchain, it might give makers of digital material a new way to make money, while also giving collectors a chance to get their hands on rare digital commodities. In conclusion, NFTs are an exciting new technology that has the potential to profoundly alter our understanding of property rights and monetary worth in the digital realm. Whether or not they will be effective in the long run is unknown, as is the case with any new technology. A variety of factors, including as the Pi Network’s popularity and the desire of users to buy NFTs, would determine whether or not such a market would be successful.

An Online Shopping Mall Built on the Pi Chain

One of the most popular Dapps on the Pi Network is the Pi Chain Mall (PCM). With PCM, a global community of users can purchase, sell, and trade products and services using Pi tokens as payment. The Pi Chain Shopping Center is a breeze to use. After creating a profile and connecting it to their Pi Wallet, users can begin transacting with one another. According to the PCM payments smart contract on the Pi Blockexplorer, users are constantly making transactions and conducting business. While full KYC is not necessary to join Pi Chain Mall at this time, this will change as the Pi Network migrates to the open mainnet. The online market is hosted on the Pi Network’s private mainnet. As a result, shoppers at the Pi Chain Mall are restricted in some ways.
Throughout Pi Network’s infancy, the Pi Chain Mall has been expanding. PCM took first place at the very first Pi Network Hackathon in October of 2021.

Members of the PCM Network can be found all across the world, from China to Nigeria. Business app PCM came in second place at the Hackathon, only behind a marketplace for finding and hiring new employees called Pi Workforce Pool. The PCM group just tweeted their accomplishments to the world. Pi tokens cannot be exchanged for fiat currency by Pi Network users. Currently, the only currency that can be bought or sold within the app is Pi itself.
Every minute, there are transactions on the blockchain. According to the daily volume of transactions, we also have the largest user base of any Pi application,” Edwin, PCM World Community Manager, told BSC News. Despite the fact that “most of the pioneers haven’t get KYCed” and “we are still on enclosed mainnet.” A lot of the Pi Ecosystem’s projects have solid rapport with the Pi Chain Mall crew. The group is in constant contact with Pi Core Team members and can suggest updates to the Pi Network as a whole.

As it stands, PCM users can only make Pi by selling items. But, they are unable to cash out or otherwise use their Pi earnings. “This restricts the availability of Pi on our platform,” Edwin, PCM’s Global Community Manager, said. But PCM will allow withdrawals beginning next month. Users can move their PCM holdings to their pi mainnet wallet via the PCM app. To explain, Pi Network is a mobile blockchain mining project with the goal of bringing the bitcoin revolution to everyone. A group of Stanford University Ph.D. candidates created the project and developed a blockchain mining algorithm suitable for use on mobile devices. For us, this will be an important and landmark event as we usher in a new era in the evolution of pi’s ecological applications. As a result of increased circulation, the value of Pi will increase.

Mobile and desktop browser users can shop at the Pi Chain Mall. The Pi Network App and the Pi Browser both provide PCM access. After years of development, a hackathon, and the creation of two functional Pi blockchain applications, Pi Network is nearing completion of the last stages of transfer to the mainnet.

3 cryptocurrencies whales could be buying right now: Mooky, Shiba Inu, Big Eyes

3 cryptocurrencies whales could be buying right now: Mooky, Shiba Inu, Big Eyes

Whales are seen as market movers and influencers. One whale has the power to transmit a digital pump or collapse. One cannot overstate their impact on the crypto market. Using whale alerts, you might be able to determine which cryptocurrency is about to spike or plummet. Additionally, it has been noted that major whales are showing interest in these three cryptocurrencies. Shiba Inu (SHIB), Big Eyes Coin (BIG), and Mooky Coin (MOOKY).

The cutest and most stylish token of 2023 is Mookey’s mission. supporting global tree planting

A DAO vote determines the governance of MOOKY, a token held by the community. Holders of tokens are the platform’s owners.
MOOKY’s pre-sale is currently undergoing beta testing. Be a market innovator for the Defi meme coin that is poised to take off and is controlled by the community.

MOOKY is the cutest and coolest meme token of 2023! We will help plant trees all across the world to better our environment and spark change.
There are no slippage requirements for purchasing or selling on Mooky because there is no tax. Low-tax tokens are the wisest option for the community. The liquidity will be constrained for two years. No private or VC sales, and no team tokens

3D Mooky NFTs that are extremely innovative and practical! Each NFT also has a traceable link to a real-world tree that was planted. If you possess a legendary or extremely rare card, you are eligible to join the Mooky Ventures club! Try it right now! Make one of our exclusive NFTs.
Owners of legendary and ultra-rare NFTs receive a particular benefit through the Ventures club. Take advantage of the products, bimonthly airdrops from our collaborative platforms, and passive income from our investment portfolio. All of it can be seen on a dashboard!

For 2022 and beyond, Shiba Inu (SHIB) tops the list of breeds with the most whale activity.

An original meme currency is called the Shiba Inu. Up-and-coming initiatives for meme tokens are continuing to use this protocol as a result of its transformation into a utility meme coin. One of the prominent meme coins, Shiba Inu, is exerting additional pressure on Dogecoin to accept utilities.
According to numerous whale tracking websites, including Whalestats.com, Shiba Inu is the #1 cryptocurrency project with the most whale activity as of 2022. You would occasionally observe a big transfer of money into and out of Shiba Inu’s network.

About 101% of the exchange’s reserves are stored in Shibas, according to the most recent Proof of Reserve report from Crypto.com. Shiba Inu serves as inspiration for emerging cryptocurrency initiatives like Big Eyes Coin, which is the subject of this article’s case study.

Beginners may also require the lucky charm known as Big Eyes Coin.

Additionally, it has been noted that Big Eyes Coin might be close to a breakthrough, particularly in light of its most recent presale scam. Big Eyes Coin has raised more than $11.7 million in a short period and is still optimistic about raising even more before the end of its presale program.

Big Eyes Coin aspires to reduce carbon emissions and energy use while also actively assisting the environment by making donations to organizations that support ocean conservation. A lot of investors are flocking to Big Eyes Coin, which has raised over $16.2 million in its pre-sale and is still gaining traction, as they recognize the potential of a meme coin with a social purpose.

The few whales living in the Big Eyes colony could have an impact on this. Beginner traders can also take advantage of this price action in the future to expand their portfolios using Big Eyes Coin (BIG). There are many advantages to be had from this developing ecosystem [Big Eyes], which will probably become more apparent as its official launch and tier-1 CEX listing draws nearer.

Tensor Raises $3M For Solana-Focused NFT Trading Platform

Tensor Raises $3M For Solana-Focused NFT Trading Platform

The Solana blockchain will be the primary focus of Tensor, a business that has acquired $3 million in seed funding to develop an NFT (non-fungible token) trading platform. Electric Capital was the primary investor in Tensor’s fundraising round, with several others. Tensor will use the funds to complete development of its NFT trading system and increase its presence in the Solana ecosystem. With its maximum bandwidth and scalability, Solana, a fast, low-cost blockchain, has gained favour in recent months. Because of the platform Tensor is developing, customers of Solana will be able to trade NFTs without incurring excessive trading costs. This is a significant benefit over other block chains that impose prohibitive transaction fees, limiting its appeal to retail NFT traders.

Solana-focused NFT trading software Tensor reportedly raises $3 million in seed round lead by Placeholder, as reported by TechCrunch. Alliance DAO, Big Brain Investments, Solana Ventures, and Solana’s Raj Gokal and Anatoly Yakovenko joined the round as well. Solana’s popularity and the need for a cheap NFT trading platform are two of the many variables that will affect Tensor’s platform’s overall success. Tensor’s platform, on the other hand, has the potential to become a key participant in the NFT industry in light of the increasing interest in NFTs and the increasing usage of Solana.

Tensor, a company with three employees, won between $60,000 and $70,000 at two Solana hackathons in 2022. Wu believes that Tensor’s current yearly run rate of over $1 million is more than sufficient to meet all of the company’s financial obligations. It was in 2022 that Richard Wu and Ilja Moisejevs established Tensor, an NFT trading platform with a special emphasis on the Solana token. Traders can take advantage of its many premium features, such as collection-wide bids, market-making orders, and TradingView connectivity. Moisejevs claims that it has 30,000 unique users per month and over $6.5 million in NFT volume in total.

While many Solana initiatives have merely aped Ethereum, “Solana NFTs may be so much more,” Wu added, describing the platform’s goal. He continued, saying that Tensor expects NFTs to become the “next trillion-dollar asset class,” and that the company’s mission is to build the necessary trading and technology infrastructure to support that. When asked about the similarities between their platform and Blur, Tensor responded by saying they aim to be “similar but different” for Solana. The Tensor team, for instance, considers it a core value to be “financially” and “motivationally” aligned with its users and to view them as partners rather than as customers. Some have drawn parallels between Tensor and the Blur marketplace, which recently caused a stir in the NFT industry by instituting a relatively low creative licence rate of 0.5%. After initially testing out modest creator royalty payments, Tensor has shifted to a “fully enforced royalties standard.”

Several 2023 Fundraising Rounds Have Been Successful

Tensor and its users will benefit greatly from this additional round of investment. But, this is not the only Web3 startup to raise money and succeed this year. Many stories regarding recent investment rounds for Web3 ventures have been published on Rare Sniper. Classic online game Neopets, which was launched in 1999, closed a $4 million starting round in February, with Polygon Ventures as the round’s lead investor. The money will be used to develop a play-to-earn game where players can invest in Neopets NFTs and earn cryptocurrency as a result of their participation. This is a rundown of the day’s most important news.

First, in February, Prisms VR, a virtual reality (VR) learning platform, closed a $12.5 million Series A fundraising round headed by a16z. New technologies like virtual reality and 3D experiences are at the centre of the company’s mission to raise the bar for math education in the United States.

Last but not least, “Hub72+ Digital Assets,” a $2 billion fund for Web3 firms, was recently formed by Abu Dhabi’s worldwide technology ecosystem, Hub71. It’s clear that the Web3 industry is a hot topic, with numerous funding rounds being successfully completed. If Tensor can compete with other NFT trading platforms, only time will tell. Yet, it looks that the platform has enough funding to compete for the time being. Binance Labs, the Ton Foundation, and the Venom Foundation have all invested in the fund, which will provide assistance to entrepreneurs at all stages, from inception to unicorn status.

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