“Slow is smooth, smooth is fast” “Slower than anyone wants, faster than anyone believes is possible”
Just two of the many through provoking quotes you will hear coming out of the Wolf Pup NFT powered Wolf Den. Wolf Pups are an exclusive collection of 5,000 unique Wolf Pups. As a Wolf Pup holder you get access to a private community, private events and the pride of displaying your Wolf Pup NFT as your profile picture on your favorite social media platform.
That is all fairly standard in the NFT space and amongst the Web 3 community. As the founder of the Wolf Den states:
“Only innovate where you differentiate. There is no need to change what works, the distinction is in the details that are unique to each person or project”
Anyone paying attention would agree: the individuals around the web rocking a Wolf Pup PFP are… different.
Wolf Pups are NFT’s, digital collectibles that are transferred, stored and secured on the blockchain. Wolf Pups are hosted on the Ethereum blockchain, up to this point all of the purchases and transactions have been done in Ethereum as the currency. The Wolf Den plans to change that, which we will explore later.
Each Wolf Pup has a unique blend of over 160 possible traits including background color, fur color, sword type shield type, eye color and tail color. While they have rarities that are programmed in, the Wolf Den is also changing how NFTs can be valued; another thing for later.
Each trait was carefully chosen by the creators to represent a reflection of the human condition. The Wolf Pup holders that pay very close attention have been posting publicly and in the private communities how much they have learned about themselves and how to interface with others effectively just by being part of the community.
As of today, 4,046 of the 5,000 Wolf Pups have been minted. When you ask the community members why they don’t push harder to get the rest minted the answer is a version of “slow is smooth, smooth is fast”. The community is far more interested in developing a strong culture that people want to not only be a part of but actively contribute to, than they are in traditional NFT metrics. The byproduct?
Only .6% of the minted wolf pups are listed on the marketplace. Wolf Pup holders don’t want to let go go their Wolf Pups. They’re busy registering them, naming them and creating stories for them, stories that the community is gravitating towards and paying attention to.
The idea is that, although each NFT has a programmatically and randomly designated rarity, holders can turn their specific Wolf Pup into a “niche celebrity” – the more someone identifies with, follows or learns form a Wolf Pup the more they value the IP, regardless of the randomly assigned programmed traits. The Wolf Pups are “born” with an objective value, but through their contribution and leaning into their uniqueness they can rise above and become more valuable to the community.
Understanding this, Wolf Pup holders have been empowered to create – specifically in a way that adds value through entertainment, education, support, etc.
The Wolf Den mission is a big one. They’ve already created their naming registry, had multiple in person events and given sneak peeks of their metaverse and gaming platform. The real mission, according to tweets and documents fom the team, is to build a web 3 world of significant contribution through building a publishing platform and publishing purpose driven projects onto the blockchain and into the Guard FDN ecosystem.
They have already published The Guardian Academy, an educational project that thousands of students learning and contributing to the web 3 space and Recovery Punks, a project by Artists for Addicts, committed to changing the global conversation about addiction recovery and connection.
The plan is to move all of the published projects, collaborators and partners over the ‘Guard FDN ecosystem’ – where they will all use Guard as their primary currency and, together, use the governance structure of the Guard FDN to create a a world of hundreds of projects all working together to use blockchain tech and web 3 community to continue to make a meaningful contribution to the world.
There are hundreds of NFT tokens available and people gets confused when it comes to investing in one of them. So, in this article, you will get to know about some of the best NFT tokens that you can purchase in 2023.
Bored Ape Yacht Club:
Because it is the most popular blue-chip NFT, Bored Ape Yacht Club is the overall best NFT to buy in 2023. This means that you can anticipate BAYC to remain stable and return to previous highs even in volatile market conditions. This NFT collection is the most influential NFT tokens ever. It is owned by famous people like Snoop Dogg, Justin Bieber, Steph Curry, Timbaland, and Paris Hilton, among others. The collection of 9,999 NFTs was released by BAYC for just 0.08 ETH.
The Bored Ape Yacht Club (BAYC) was created by Yuga Labs LLC, making it one of the first mainstream NFT tokens with a floor price of 91 ETH. It is a collection of 9,999 artifacts chosen at random from 170 distinct traits. Due to its popularity and ownership by numerous A-list celebrities, the BAYC NFT collection has the strongest NFT community. On Twitter, nearly one million people follow Bored Ape Yacht Club.
Due to its ability to maintain the initial hype through ongoing marketing and community development, the Azuki collection is another best newly released NFT tokens to buy in 2023. Azuki has remained vigorous, in contrast to the majority of projects that initially generated a lot of excitement. With 8,700 works of art and an initial mint price of $3,400, the Azuki collection stands out. The 8,700 pieces of art quickly sold out while the entire collection sold out in just four minutes.
One of the quickest $29 million deals in NFT launch sales history came from this. Azuki swept the NFT market at the beginning of 2022 thanks to a viral and successful Twitter pre-launch campaign. The Ethereum blockchain is home to 10,000 profile images in the style of anime in this NFT collection. The Azuki hype is as yet developing, and the NFT collection is all prepared to reach to new all-time highs once the crypto market recuperates.
World of Women:
The World of Women NFT is another best NFT tokens collection for variety and consideration since it’s made by women. The World of Women’s collaboration with The Sandbox, a play-to-earn blockchain game, is a noteworthy achievement. A $25 million grant that will be used to provide women with cryptocurrency education will be the partnership’s primary focus. World of Women is a project that was started by women to promote a more diverse NFT community, despite the fact that cryptocurrency communities tend to be heavily male-dominated. World of aims to provide free cryptocurrency education to women all over the world.
Due to the fact that every Cool Cats owner receives a warm welcome to Cooltopia, the Cool Cats universe, Cool Cats is another best NFT to buy in 2023 with an active community. The project originators are public and are known for being pioneers in the crypto market. A week after its release, this project went viral because the famous celebrity Mike Tyson changed his Twitter profile picture to a Cool Cat NFT. This marketing act increased the hype of the NFT.
Different NFT owners are Reece Witherspoon, Steve Aoki, and co-founder of Reddit Alexis Ohanian. Cool Cats quickly rose to the third position on OpenSea in terms of sales and popularity after its release in July 2021. The Cool Cats community continues to be vibrant and active today.
The market-driven rarity structure for specific NFT collections, according to a member of the community, is destroyed by the new rarity ranking algorithm. Rarity ranking of nonfungible tokens (NFTs) on an online marketplace may help collectors decide whether or not to purchase NFTs, but some believe that doing so may do more harm than good.
An NFT investor raised a number of concerns about OpenRarity, the new rarity ranking system used by NFT marketplace OpenSea, in a tweet. The community member claimed that including “rank” in the NFT listing without mentioning “rarity” anywhere could be misconstrued.
By enabling the OpenRarity ranking mechanism, the community member said, the Moonbirds NFT collection destroyed its own market-driven rarity structure and transformed every NFT into a “floor Moonbird.” The community member offered the collection as an example. The NFT collector also criticised Proof CEO Kevin Rose for not disabling the OpenRarity rating function for the collection. The proof is the firm that produced Moonbird.
Several days after receiving the suggestions, the NFT marketplace made some adjustments to the ranking system. NFT listings currently show “rarity rank” rather than just the rank. The NFT marketplace has also included a trait count to the ranking algorithm as well as a way to categorise items based on their unique characteristics before utilising any other data to boost their rating.
After the changes, OpenSea indicated that it will make the function for determining rarity available to all chains’ eligible collections. On October 25, the adjustment will go into effect. The most common type of feedback received, according to the NFT market, is questions regarding how to acquire access. To make this access available to more collections, the marketplace will add the feature to each supported blockchain.
On September 21, the NFT marketplace initially developed the NFT ranking system in order to provide collectors with a reliable rarity ranking. The OpenRarity protocol, which aims to standardise the rarity technique across NFT platforms, was developed through cooperation amongst NFT groups.
There are authorities who argue that the ‘insider trading’ allegation in the OpenSea case is true.
An ex-employee of nonfungible token (NFT) marketplace OpenSea requested that references to “insider trading” be removed from his charges, but US prosecutors objected to the request.
According to the prosecution, the sentence accurately sums up the offences that former OpenSea product manager Nathaniel Chastain is charged within a memo that was submitted on October 14.
According to Law360, it was in response to Chastain’s motion to stop using the phrase on October 3.
A jury may be swayed by the term “insider trading” if Chastain’s case goes to trial, he claimed, adding that the term is “inflammatory” and has nothing to do with the claims against him.
In August, his legal team also asserted that “insider trading” only applied to securities and not to non-financial transactions, and that the phrase was used to attract media attention and sway the jury’s perception of him. He further noted that the term only applied to stocks and not to NFTs.
The phrase “accurately conveys” the allegations made against him, according to the prosecution, and the term is not “so fundamentally provocative” as to require the “extreme measure” of having it deleted from his charges.
They also criticised his assertion that insider trading solely applied to the trading of securities, calling it a “legal mistake” and an “unduly constricted understanding of the phrase,” and asserting that it can pertain to a variety of frauds in which someone with inside information trades assets.
Before Chastain’s accusations, the phrase “insider trading” had never been used in connection with cryptocurrency or NFTs.
Alma Angotti, a former U.S. Securities and Exchange Commission (SEC) lawyer, said the possibility of NFTs being categorised as securities in this case in June, not long after Chastain was charged.
The Bored Ape Yacht Club has a suspiciously low number of boating chances while having a large number of Apes that seem bored or uninterested—10,000 of them, to be exact—in the form of NFTs. Now, one Bored Ape NFT holder—who also happens to be a boat owner—plans to alter that by launching a decentralized yachting club.
What is Bored Ape Yacht Club?
Bored Ape Yacht Club (BAYC), which is often referred to informally as Bored Apes or just Bored Ape, is a collection of non-fungible tokens (NFTs) that was constructed on the Ethereum network. The collection is comprised of profile photographs of cartoon apes that have been created procedurally by an algorithm.
Yuga Labs is the firm that Bored Ape Yacht Club reports to as its parent. After being issued for the first time on April 20, 2021, the project was made available for live pre-sale beginning on April 23, 2021. Owners of a Bored Ape NFT are given entry to an exclusive online club, invitations to exclusive in-person events, and rights to the image’s intellectual property.
BAYC’s latest initiatives
The Bored Yachts Club intends to establish a decentralized, NFT-gated yachting platform to provide its members with the opportunity to charter actual yachts in a variety of locations around the globe, with the revenues from these charters being donated to charitable organizations. The effort will begin with “Lady Amanda,” the only boat owned by club founder Jad Comair. However, the long-term objective is to recruit other yacht owners while allowing them the freedom to donate monies to charitable organizations of their choosing.
Melanion Capital is a French investment business that established a Bitcoin-themed exchange-traded fund (ETF) focusing on crypto sector firms in 2021. The CEO and the founder of Melanion Capital are Comair. According to his statements to Decrypt, he started investing directly in the most prominent cryptocurrency much earlier, in 2014.
An NFT, or non-fungible token, is a kind of blockchain token that may be used to represent ownership of an object. Over the last few years, the market for digital products such as Bored Ape-style profile photos, digital artwork, and collectibles has exploded. The market generated a total of $25 billion in trade volume in only the year 2021, and the Bored Ape Yacht Club is considered to be one of the most remarkable achievements in this sector.
Comair, an avid art collector, drew into non-fungible tokens (NFTs), and he has said that he discovered an affinity with the celebrity-packed Bored Ape Yacht Club as a sort of digital identity, in addition to the possible financial prospects.
Latest updates on the yacht
Bored Ape NFT holders are granted wide permission to utilize their artwork in the creation of derivative works and projects of any kind, courtesy of Yuga Labs. Others have used their Apes to produce items like clothing, toys, food and marijuana packaging, and even themed restaurants that serve fast food. Comair decided to transform his ape into a made-up version of the yacht’s mascot and fake skipper.
There is no official connection between the Bored Yachts Club and Yuga Labs, and participants do not need to have a genuine Bored Ape NFT to purchase and make use of one of these NFT membership permits. His ownership of an ape came long before the conception of a decentralized marketplace for boat rentals.
Comair expresses the hope that the platform will attract additional yacht owners from all over the world. This, according to Comair, can help fulfill the dual purpose of letting those yacht owners fill up empty charter windows when the boat is not being rented) while also contributing to charitable organizations in the process. In addition, because boats are able to operate on international seas outside of the authority of land-based authorities, Comair views the Bored Yachts Club as a possible stepping stone to a “crypto city” of sorts that is connected to a port.
Yes, there is a possibility that a blockchain can die and leave behind a lot of stress for people. Before you all over exaggerate, let us tell you that by the term death of a blockchain is the point when all the investors leave it and just a few of them remain. Blockchains, then, are fragile financial ecosystems of investors, validators, developers, users and many other people with their participation directly linked to the block chain token’s appreciation and success. The whole process works in a way that as soon as more participants get involved in it and the activity increases, coin values will also increase, which will result in attracting more users and creating a virtuous circle. However, on the other hand, if a blockchain’s token starts going down, everyone’s decision to support the chain changes with it. If the loss of value appears to be permanent, only a few investors will remain while everyone else will leave. That’s how a blockchain can end up dying
If we look back at the crypto market history then there are many such events that we can consider as the death of the blockchain. Just like the recent market crash, in which the Terra blockchain was the one that was the highly and negatively impacted one. After this market crash, Terra is considered as a dead blockchain. Reason?
Well, the reasons are several but to be clear and simple, the main reason behind it is that it went straight 100% down and now the majority of people don’t trust this blockchain. The millions of dollars of investments of a huge number of people drowned and they just went bankrupt just because of this market crash and now, there is very negative feedback regarding Terra. Terra’s co-founder, Do Kwon, is still attempting to revive the effort and come up with plan B. Even though the team behind Terra is trying hard and coming up with different restoration plans, there is still no chance that it can be back anytime in near future. So yes, we can simply state that Terra blockchain is dead for at least now.
After a blockchain dies…
Now, let’s talk about what happened afterwards.
After a blockchain dies, it can leave long lasting impacts on the whole crypto market. Not just the ones that invested in that particular blockchain will face the circumstances but the entire crypto investors will have to face the negative impacts due to the sudden change in overall market. When a particular crypto asset starts going down with such long jumps then people start panic trading and that affects the overall market. Just like it happens with Terra. To save Terra (LUNA) from going down, the co-founder of the blockchain sold bitcoins worth millions of dollars that turned down the BTC value and created panic among the BTC investors. The value of BTC is still not recovered just because of that. So, you all can imagine how the whole crypto market assets are depending on one another.
There is no prediction about the death of blockchain and it can happen to any chain out there however, the scars it leaves on the hearts of investors can stay there for years