NFT Rug Pulls – What Are They and How to Avoid Them?

A rug-and-pull is a typical fraudulent method of luring investors to a financial enterprise only to abandon the project and run away with the raised funds. This scam has become increasingly popular in crypto. And with the emergence of non-fungible tokens (NFTs), the risk of NFT rug pulls has become real. This article looks at what rug pulls work with NFTs and how to avoid them. What Are NFT Rug Pulls? An NFT rug pull happens when the developers of…

OpenSea Blacklists Top NFT Collections Worth $27M

As shown by data from Dune Analytics, OpenSea, the world’s top platform for non-fungible tokens, recently blacklisted a handful of big-name collections. Altogether, the marked collectibles are worth roughly $27 million. OpenSea Flags Tokens Late  Thursday, an on-chain sleuth called beetle put up a dashboard on Dune outlining relevant information regarding the blacklist. Indeed, the list featured the Bored Ape Yacht Club as well as offshoots Mutant Apes and the Bored Ape Kennel Club. Other marked projects include CloneX, Azuki,…

Reddit Kicks Off “NFT” Sales on Polygon

Reddit announced it has jumped into the NFT space with the release of a series of “collectible avatars” on the polygon blockchain network. Although the word “NFT” did not appear anywhere in Reddit’s announcement, its new collectible avatars share many similarities with non-fungible tokens.  Users can Showcase Tokens as Profile Pictures According to its official release, Reddit will launch the virtual avatars in conjunction with Ethereum’s layer-2 Polygon protocol. Working with independent designers, the Reddit team pulled together a collection…

5 BAYC-Like NFT Projects to Watch Out for in 2022

Bored Ape Yacht Club (BAYC) NFTs hit the market in April 2021 and instantly gained massive popularity. Moreover, it lit up the PFP NFT market, which is now emerging as one of the most exciting and profitable digital asset sectors of investment. In this article, we look at the 5 BAYC-like NFT projects that hope of mimicking the same success. But first, we dive deeper into the world of PFP non-fungible tokens to discover what makes them so popular and…

The Odyssey Metaverse – An Empowering Digital Playground from Miami-Based Musician Lyfe

The Odyssey Metaverse is a new project developed by Antonio Trincao, a.k.a. Lyfe, a Miami-based musician with solid experience in entrepreneurship and technology. The project aims to empower people to make their dreams come true. Moreover, it promises a new and unique Metaverse experience redefining crypto and NFTs. Read on to discover more about The Odyssey, its creator, Lyfe, and his vision behind the project! What is The Odyssey? The virtual world is in full swing, spurring new and interesting…

Cristiano Ronaldo Partners with Binance in Landmark NFT Deal

Legendary soccer player Cristiano Ronaldo (CR7) has inked a multi-year non-fungible token (NFT) deal with leading crypto exchange Binance. Through this partnership, Binance will launch a global promotion to introduce Cristiano’s fans to the Web3 ecosystem. Neither Binance nor the football legend disclosed how long the agreement would last. [embed]https://twitter.com/binance/status/1539969367726620674[/embed]   In a subsequent blog post, Binance said this deal would see it work with Cristiano to create a series of  NFT collections. The collections will only be available for…

Doodles Welcomes Pharrell Williams after First Funding Round

NFT collective Doodles recently dropped two major announcements at a show hosted alongside the 4th annual NFT NYC Conference.  Pharrell Joins Doodles NFT The team has brought popular musician and producer Pharrell Williams onboard as Chief Brand Officer. Additionally, the project has completed its first funding round, led by venture capital firm Seven Seven Six.  The “Happy” singer's position will see him bring a fresh perspective to Doodles' music, artwork, consumer products, animation, and events. Most importantly, Williams will also…

Bill Gates Reiterates His Distaste for Crypto and NFTs

Microsoft co-founder Bill Gates has once again expressed his loathe for digital assets, this time factoring in non-fungible tokens (NFTs). Speaking at the Techcrunch Sessions: Climate event in Berkley, California, Gates said he is not a fan of crypto and NFTs. Specifically, the American Business Magnate said cryptocurrencies and NFTs are 100% based on the greater fool theory. The greater fool theory refers to the idea of someone making money by buying overvalued assets and selling them for a profit…

$POODL Token – The Once-Abandoned Meme Coin Aiming for DeFi Glory

If you were familiar with the meme-coin craze, you have likely heard of POODL. It is one of the oldest meme coins in the market whose story is rather impressive. Like many other meme coins, a developer created POODL, then did a pump-and-dump scheme on the initial token holders. Attempted to run away with the profits but the community rescued the token. The community behind this project believed in its potential and took action to revive it. From forming an…

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