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The Risks Associated with Centralized NFT Platforms

Armando Morrison2 years ago2 years ago015 mins

Introduction In recent years, non-fungible tokens (NFTs) have gained significant popularity, revolutionizing the digital art and collectibles market. As more creators and collectors join the NFT ecosystem, centralized platforms have emerged as convenient gateways to buy, sell, and trade NFTs. However, it is crucial to understand the potential risks associated with centralized NFT platforms to make informed decisions and protect one’s investments. This article explores the various risks and offers insights into mitigating them effectively. Understanding Centralized NFT Platforms Centralized NFT platforms are online marketplaces that act as intermediaries between creators and buyers. These platforms provide a user-friendly environment where artists can showcase and sell their digital assets, while collectors can browse and acquire NFTs with ease. Examples of centralized NFT platforms include OpenSea, Rarible, and SuperRare. Benefits of Centralized NFT Platforms Before delving into the risks, it’s important to acknowledge the advantages centralized NFT platforms offer: Risks Associated with Centralized NFT Platforms Despite the benefits, centralized NFT platforms come with inherent risks that users should be aware of. Here are some significant risks to consider: 1. Single Point of Failure Centralized platforms rely on a centralized infrastructure, making them susceptible to single points of failure. Technical glitches, server outages, or even a security breach on the platform can potentially disrupt operations, resulting in loss of access or even permanent loss of NFTs. 2. Lack of Transparency Centralized platforms often lack transparency regarding the underlying processes of minting, listing, and verifying NFTs. This opacity can raise concerns about the authenticity and provenance of the assets being traded. 3. Security Vulnerabilities While centralized platforms implement security measures, they can still be vulnerable to hacking attempts. A successful breach could lead to unauthorized access to user accounts, resulting in the loss or theft of valuable NFTs and personal information. 4. Ownership and Control When using centralized NFT platforms, users must entrust their assets to the platform’s custody. This centralized control raises concerns about ownership rights and the potential for platform-related policies or decisions impacting the value or accessibility of NFTs. 5. Potential for Manipulation Centralized platforms have the authority to modify or censor content, including NFTs. Thiscentralized power introduces the risk of arbitrary decisions that may adversely affect artists or collectors, such as delisting or restrictions on certain types of NFTs. 6. Lack of Privacy When using centralized platforms, users often have to provide personal information, such as email addresses or payment details. This data can be vulnerable to privacy breaches or misuse, potentially exposing users to identity theft or unwanted solicitations. 7.Scalability Challenges As the popularity of NFTs continues to grow, centralized platforms face scalability challenges. High transaction volumes can lead to congestion and slower processing times, affecting the overall user experience. 8.Regulatory and Legal Uncertainty The regulatory landscape surrounding NFTs is still evolving, with potential implications for centralized platforms. Changes in regulations or legal interpretations can create uncertainties for both platform operators and users, affecting the availability and accessibility of NFTs. Mitigating Risks and Best Practices To navigate the risks associated with centralized NFT platforms effectively, users can adopt the following best practices: Decentralized Alternatives to Centralized NFT Platforms In response to the risks associated with centralized platforms, decentralized NFT marketplaces have emerged. These platforms leverage blockchain technology to create trustless environments, mitigating many of the risks highlighted earlier. Decentralized platforms such as Mintable, Foundation, and Zora offer increased transparency, ownership control, and censorship resistance. NFT Platform Governance The governance structure of centralized platforms can impact decision-making and user involvement. Some platforms have introduced token-based governance models, allowing users to participate in platform-related decisions. However, the effectiveness and inclusivity of these governance mechanisms vary, and users should understand their influence on the platform’s operations. Market Manipulation and Speculative Behavior Due to the relatively nascent nature of the NFT market, it is susceptible to speculative behavior and market manipulation. Centralized platforms can be vulnerable to practices such as pump and dump schemes or insider trading, which can impact the value and reputation of NFTs. Intellectual Property Concerns Centralized platforms may face challenges regarding intellectual property rights. Ensuring that creators’ rights are respected and protected, as well as addressing potential copyright infringement issues, is crucial for maintaining a healthy and sustainable NFT ecosystem. Environmental Impact The environmental impact of NFTs has gained attention due to the energy consumption associated with blockchain technology, particularly in the case of Proof-of-Work (PoW) blockchains. Some centralized platforms operate on energy-intensive PoW blockchains, contributing to carbon emissions. Users concerned about the environmental footprint of their NFT activities may consider platforms that utilize more energy-efficient consensus mechanisms. Future Evolution of Centralized Platforms As the NFT space continues to evolve, centralized platforms are also adapting and innovating. It is essential for users to stay informed about platform updates, new features, and changes in policies to ensure they align with their objectives and preferences. User Support and Customer Service Centralized NFT platforms typically offer user support and customer service to address user inquiries, technical issues, or disputes. Prompt and efficient support can enhance the overall user experience and provide a sense of reliability. However, the quality and responsiveness of user support can vary among different platforms, so it’s important to consider this aspect when choosing a centralized NFT platform. Fees and Costs Using centralized NFT platforms often incurs fees and costs. These fees can include transaction fees, listing fees, or commission fees charged by the platform for facilitating the buying, selling, or trading of NFTs. Understanding the fee structure of a platform and comparing it with other options can help users make informed decisions and optimize their investment returns. Platform Reputation and Community The reputation and community surrounding a centralized NFT platform can significantly impact user experience. Platforms with a positive reputation, active community engagement, and a track record of successful transactions instill trust and confidence in users. Checking reviews, user testimonials, and engaging with the platform’s community can provide insights into the platform’s overall reputation and user satisfaction. Integration with External Services Some centralized NFT platforms offer integrations…

The Role of NFTs in Creating and Authenticating Digital Identity

Armando Morrison2 years ago2 years ago015 mins

In recent years, non-fungible tokens (NFTs) have gained a lot of attention in the art world for their ability to create unique digital ownership of art pieces. However, NFTs have other potential use cases, such as in the creation and authentication of digital identity. With the increasing reliance on digital technologies and the rise of decentralized systems, the role of NFTs in digital identity is becoming more important. In this article, we explore the potential of NFTs in digital identity and how they can revolutionize the way we authenticate and protect our digital identities. Introduction The increasing use of digital technologies has brought about new challenges in managing digital identity. With the rise of decentralized systems, there is a need for a secure and reliable method of authenticating and protecting digital identity. NFTs, as unique digital assets that are verified on the blockchain, offer a potential solution to these challenges. What are NFTs? NFTs are unique digital assets that are verified on the blockchain. They are created using smart contracts and can represent anything from art pieces to virtual real estate. NFTs are non-fungible, which means that each NFT is unique and cannot be exchanged for another NFT on a one-to-one basis, unlike cryptocurrencies like Bitcoin. The Role of NFTs in Digital Identity Creating Digital Identity NFTs can be used to create a unique digital identity for individuals. By creating an NFT that represents an individual’s identity, they can verify their ownership of that identity on the blockchain. This can be useful in situations where identity verification is necessary, such as in online transactions or access to secure systems. Authenticating Digital Identity NFTs can also be used to authenticate digital identity. By creating an NFT that is linked to an individual’s identity, they can use it to prove their ownership of that identity. This can be useful in situations where identity theft is a concern, as NFTs provide a secure and reliable method of proving ownership of an identity. Decentralized Identity Systems NFTs can be used in decentralized identity systems, where individuals can control their own digital identity without relying on centralized authorities. In such systems, individuals can create NFTs that represent their identity, which can be used to verify their ownership of that identity. This can provide a more secure and reliable method of managing digital identity. The Future of NFTs in Digital Identity As the use of digital technologies continues to increase, the role of NFTs in digital identity is likely to become more important. NFTs offer a unique solution to the challenges of managing digital identity in a decentralized system. They provide a secure and reliable method of authenticating and protecting digital identity, which can be useful in a variety of contexts. How to Use NFTs for Digital Identity Challenges and Risks of Using NFTs for Digital Identity While NFTs offer a unique solution to the challenges of managing digital identity, there are also some risks and challenges associated with their use. These include: How to Mitigate the Risks of Using NFTs for Digital Identity Future Directions for NFTs and Digital Identity As NFTs continue to gain popularity and their potential use cases expand, there is a need for further research and development to explore their full potential in the context of digital identity. Future directions for NFTs and digital identity include: NFTs in the Gaming Industry NFTs have also gained traction in the gaming industry as a way to create unique in-game assets that can be traded and sold on the blockchain. These assets, such as weapons or rare items, can be verified as unique and can have real-world value. In the context of digital identity, NFTs can be used to verify ownership of in-game assets, providing a secure and reliable method of managing digital identity in the gaming world. NFTs for Identity Verification NFTs can also be used for identity verification in a variety of contexts, such as online transactions or access to secure systems. By creating an NFT that represents an individual’s identity, they can prove ownership of that identity on the blockchain, providing a secure and reliable method of authentication. NFTs and Privacy One potential challenge associated with the use of NFTs in digital identity is privacy. While NFTs can provide a secure and reliable method of managing digital identity, they also have the potential to reveal personal information about individuals if not managed properly. Further research and development are needed to ensure that NFTs are used in a way that protects individuals’ privacy and personal information. NFTs and Intellectual Property Rights NFTs, or Non-Fungible Tokens, are a digital representation of ownership and authenticity of unique digital assets, such as digital art, music, or video. With the rise of NFTs, there has been a growing concern about intellectual property rights in the digital world. Intellectual property rights refer to legal protections that safeguard the rights of creators over their creative works, allowing them to profit from their work and have control over how it is used. While NFTs offer a new way to represent ownership, they do not inherently grant intellectual property rights. Instead, creators must still rely on existing laws and regulations to protect their intellectual property. One of the benefits of NFTs for intellectual property rights is that they provide a way to prove ownership and authenticity of digital assets, which can be difficult to do otherwise. NFTs can also be used to enforce licensing agreements and control how the asset is used, ensuring that the creator receives proper compensation for their work. However, there are also some drawbacks to using NFTs for intellectual property rights. For instance, the use of NFTs does not guarantee protection of intellectual property rights, as creators must still rely on existing laws and regulations to protect their work. Additionally, the use of NFTs may also make it easier for others to infringe on intellectual property rights, as it is easier to identify the owner of the asset. Conclusion NFTs offer a unique solution to…

Exploring NFTs Potential for Positive Change Through Digital Art

Armando Morrison2 years ago2 years ago09 mins

In recent years, the emergence of Non-Fungible Tokens (NFTs) has disrupted the art industry by providing a new way of buying, selling, and trading digital art. NFTs are unique digital assets that use blockchain technology to verify ownership and authenticity. This innovation has brought about a new era in the art world, opening up new possibilities for artists, collectors, and investors alike. In this article, we will explore the potential for positive social impact through NFTs and digital art. Introduction In this section, we will provide an overview of NFTs and their impact on the art world. We will discuss the basics of NFTs, how they work, and their significance in the art market. What are NFTs? NFTs, or Non-Fungible Tokens, are unique digital assets that represent ownership of a particular piece of content, such as artwork, music, or videos. Unlike other digital assets, NFTs cannot be replicated, making them unique and valuable. NFTs use blockchain technology to verify ownership and authenticity, providing a secure and transparent way to buy, sell, and trade digital assets. The Impact of NFTs on the Art World NFTs have revolutionized the way digital art is bought and sold. With NFTs, artists can sell their work directly to collectors, bypassing traditional art dealers and galleries. This has opened up new opportunities for artists to monetize their work and gain exposure to a global audience. NFTs have also made it possible for collectors to invest in digital art, creating a new asset class in the art market. Positive Social Impact of NFTs and Digital Art In this section, we will discuss the potential for NFTs and digital art to have a positive social impact. We will examine how NFTs can empower artists and promote social causes. Empowering Artists NFTs can empower artists by giving them control over their work and enabling them to monetize their creations directly. This can lead to a more sustainable career path for artists, who can earn a living from their work without relying on traditional art market structures. NFTs also provide a platform for emerging artists to gain exposure and build a following, leading to increased recognition and opportunities for growth. Supporting Social Causes NFTs can be used to support social causes, such as environmental conservation, social justice, and human rights. Artists can create works that address these issues and donate a portion of the proceeds from the sale of their NFTs to relevant organizations. This creates a direct link between art and social impact, enabling collectors to support causes they care about while also acquiring unique and valuable works of art. Case Studies: NFTs and Social Impact In this section, we will examine some case studies of NFTs and their positive social impact. The Beeple Auction In March 2021, digital artist Beeple sold a collection of his NFT artwork for a record-breaking $69 million at a Christie’s auction. The sale included a work titled “Everydays: The First 5000 Days,” which featured a collage of images created over 13 years. Beeple used the auction to promote social causes, including climate change and racial justice. He pledged to donate a portion of the proceeds from the sale to several organizations working on these issues. The “Save the Ocean” Collection In April 2021, artist Krista Kim released a collection of NFT artwork titled “Save the Ocean” to raise awareness about plastic pollution in the ocean. The “Black Lives Matter” Collection In June 2020, artist Trevor Jones released a collection of NFT artwork titled “Black Lives Matter” in response to the murder of George Floyd and the subsequent protests against police brutality and systemic racism. The collection featured digital paintings of iconic figures in the Black Lives Matter movement, with a portion of the proceeds from the sale of each NFT donated to organizations working towards racial justice and police reform. The “Plant a Billion Trees” Collection In October 2021, artist Patrick Boyd released a collection of NFT artwork titled “Plant a Billion Trees” to raise awareness about deforestation and promote reforestation efforts. The collection featured digital illustrations of trees, with a portion of the proceeds from the sale of each NFT donated to the One Tree Planted organization, which plants trees in reforestation projects around the world. Challenges and Criticisms While NFTs and digital art have the potential for positive social impact, there are also challenges and criticisms associated with this innovation. In this section, we will discuss some of these issues. Environmental Concerns The production and sale of NFTs and digital art consume a significant amount of energy and contribute to carbon emissions. This has raised concerns about the environmental impact of NFTs and their sustainability in the long term. Accessibility and Inclusivity NFTs and digital art are often sold for high prices, making them inaccessible to many people. This creates a barrier to entry for artists and collectors who do not have the resources to participate in this market. Speculation and Bubble The recent surge in the popularity of NFTs and digital art has led to concerns about a speculative bubble in the market. Some experts warn that the high prices of NFTs may not be sustainable in the long term, and that the market may be driven by hype rather than intrinsic value. Conclusion In conclusion, NFTs and digital art have the potential for positive social impact by empowering artists and promoting social causes. However, there are also challenges and criticisms associated with this innovation, including environmental concerns, accessibility and inclusivity, and speculation. As the market for NFTs and digital art continues to evolve, it is important to consider these issues and work towards a more sustainable and inclusive future.

HEROBOOK’S 1 YEAR ROAD LOOK AWAY

Casey2 years ago2 years ago310 mins

Herobook was born to solve the problem of the market, bring practical value to the blockchain industry, become a “digital hero” in the industry, with the mission of becoming an ecosystem connecting projects. blockchain with traditional capital and vice versa. After a year of launch, Herobook is on the right path set out from the beginning, which is to operate as a traditional ecosystem combined with blockchain. At the same time, becoming a pioneer in Blockchain Ization of businesses and raising capital through Blockchain, cooperating with blockchain projects with corporations and traditional businesses for escrow and payment, creating a sustainable ecosystem. steady. It has been proven that 2022 is really a difficult year for the Blockchain market, especially the difficult crypto winter, which almost projects outside the market could not stand, but Herobook is still going. doing very well until today through the projects that have been, are and will be launched, connected with large domestic and foreign projects. The first is the launch of Lucky Hero, which has achieved 10 million HBG from investors in less than 30 days, and a series of new products launched on Lucky Shop with the mechanism of using its own pool to pay as well. This is a strong point that no other project in the market can do. And if it’s about new projects, we definitely can’t ignore the latest “war god” that Herobook owns, which is Hero Snake, a new game project of the Herobook family that immediately sold 500 E. -NFT within the first 30 minutes of launch. So what created such an explosive project? NEW BLOOD IN THE FIRE GAME-FI MARKET HERO SNAKE – will be one of the pioneering projects in a new trend with different solutions for the oversaturated fi game market. The game-fi market in general and the Herobook ecosystem in particular really need a game with simple gameplay, easy to get used to, that can be played anywhere, anytime, with anyone and still retains its character. tactical, competitive and financial. With Hero Snake, this project will solve all the above market problems. Hero Snake is the combination of simple gameplay and attractive, quality graphics, along with GameFi’s economic model. Many game modes and attractive rewards, creating the opportunity to multiply the account quickly thanks to the players’ own tactics and skills. In-game items are NFTized using blockchain technology to make transactions easy, safe, and transparent. DIFFERENT E-NFT BRING HUGE PROFITS FOR INVESTORS Released in the last days of the year, Hero Snake is like a very explosive inhalation because of the extremely simple and familiar gameplay mechanism. What makes the difference is that Hero Snake owns E-NFT. Hero Snake Team has meticulously planned the E-NFT initiative to provide the Hero community with access to and the Hero Snake E-NFT experience. Hero Snake E-NFT surpasses traditional models of previous NFTs, bringing more value to owners such as transparency, less manipulation, low volatility…There are 4 legit points attention: + Participate in voting and project orientation as an E-NFT holder. + Get profit sharing from the project + Freedom of exchange in exchanges with high trading volume. + Diverse use cases: Collect and use E-NFT in the project. E-NFT opens the door to greater potential for owners. They can access premium features and will be the first to try, earn unlimited passive income on Herosnake E-NFT. ALPHA TEST WITH NEW CONTEST LINE FOR PLAYERS With this Alpha Test, Hero Snake’s goal to achieve is to bring players new and unique experiences. It’s time to explore one of the truly entertaining NFT games. With a series of extremely diverse and attractive contests taking place from December 15 to December 28, Hero Snake Team brings very new contests including: “FAN CONTEST! “EXPERIENCE & GET REWARDS”, “HERO SNAKE SHARE-TO-EARN PROGRAM”, “HERO SNAKE TOP RANKING”, “YOU REVIEW, WE REWARD” and “Creating with Hero Snake”. Through these Contests, you will discover a collection of your favorite snakes, hunt Golden Snakes to master your income, learn the mechanics of fighting in the universe with mysterious planets that will be your first challenge. your first! And especially the upcoming experiences with E-NFT will definitely be the best choices, helping investors understand the potential that Hero Snake E-NFT brings. Herobook wants its game world to be perfect for players and so your feedback will really contribute to the development, help connect, update information with players to Hero Snake . OWN E-NFT, BRING HUGE PROFITS WITH PRIVATE SALE Hero Snake’s E-NFT really captivated Herobook’s investors from the very first day of its launch. For every $1000/E-NFT, 500 E-NFTs were sold within 30 minutes of the Loyalty Round launch. With the strong community base that Herobook built in the past year, Hero Snake’s E-NFT has received a huge welcome from the community, that’s why 500 E-NFT has been chosen by many publishers. invest trust and buy right within the first 30 minutes. This is like a “statement” that Hero Snake will be even more explosive in the future. And on December 26, 500 E-NFT will continue to land in the upcoming PRIVATE SALE. For every $1000/E-NFT, players will immediately own E-NFT with very different benefits. Considered as a breakthrough of conventional NFT, E-NFT possesses remarkable advantages that users cannot ignore: Difficult to dominate, transparent profits and ownership, price volatility low and safe in investment. With the familiar and easy gameplay mechanics along with the E-NFT option to bring in huge profits, joining Hero Snake is the step that makes you a smart investor and leading the trend. With a series of new contests and a potential E-NFT mechanism, Hero Snake will definitely be a stormy name in the near future in both Blockchain and Gam-fi markets. Information Announcement https://t.me/+3s-jpZEbZvU5Yjg1 Twitter https://twitter.com/HHerocoin Reddit https://www.reddit.com/user/herosnake_herocoin Discord https://discord.com/channels/1037623061568045076/1037623061568045079

OnlyOrigin’s highly anticipated “Limited NFT” Christmas event will start on December 22, 2022

Casey2 years ago2 years ago04 mins

OnlyOrigin, a unique and innovative decentralized NFT trading platform, will launch an exciting Christmas limited NFT event on December 22, 2022. Christmas is the most memorable time of the year, and OnlyOrigin is feeling that extra Santa spirit too. We are launching our highly anticipated annual event and hope to make Christmas 2022 even more special for NFT lovers. “This exclusive Christmas event is an important start to the establishment of the OnlyOrigin ecosystem. We hope to gradually build an innovative and interesting Defi trading world through this event.” OnlyOrigin co-founder and CEO Misael said. This exclusive Christmas event will give away limited NFTs worth $50,000, and it is also an opportunity for participants to trade through OnlyOrigin to obtain limited Christmas NFTs and earn profits. We are open to all users to participate in this Christmas special event. Users only need to complete the collection task to get a limited NFT airdrop. OnlyOrigin Christmas limited NFT Starting at 0:01 am Pacific Standard Time on December 22, 2022, the first 100 users who purchase “Pass” will give away a Christmas-themed limited “Activator” of the series. By using this limited “Activator” to activate “Pass”, you will be able to get a Christmas-themed limited NFT of the series. These NFTs are a central part of the Christmas Exclusives and are primarily used as collectibles while also earning you a profit. This means that while they can be valuable digital works of art, they are also good investments. We will open the Christmas-themed NFT repurchase function on January 7, 2023, and will repurchase Christmas-themed limited NFTs at a price of 0.25-0.33ETH. After obtaining the airdrop, participants can choose to destroy the obtained Christmas-themed limited NFT. After the destruction, the tokens will be sent to the user’s wallet according to the 100% price ratio. It’s December, it’s the season of fun with OnlyOrigin To make sure you don’t miss an OnlyOrigin Christmas event, follow us #OnlyOrigin on social media. In addition to the above events and prizes, you will also get the latest news about all our events, offers. For more information about our OnlyOrigin, please refer to the link below: URL：http://onlyorigin.net/ Twittier：https://twitter.com/onlyorigin2022 Facebook：https://www.facebook.com/profile.php?id=100086898587201 Telegram：https://t.me/OnlyOriginVIP

OnlyOrigin debuted at the Christmas party with limited gold coins NFT and pure gold coins

Casey2 years ago2 years ago05 mins

OnlyOrigin.net, a unique and innovative decentralized NFT trading platform, is celebrating Christmas with a $100,000 prize pool event for all OnlyOrigin users. OnlyOrigin.net is a new decentralized NFT platform. Since its launch, OnlyOrigin has deeply integrated NFT and DeFi into the platform’s operating strategy in a unique and innovative way. It aims to create a gamified NFT trading platform for users who like to explore the universe through games. In December 2022, it decided to reward its loyal users by creating a special Christmas gold coin event. OnlyOrigin Christmas Limited Gold Coins The launch of OnlyOrigin Christmas limited gold coins is to thank everyone for their support to OnlyOrigin in 2022. When asked about the limited-time Christmas coins, Misael said: “We at OnlyOrigin have been grateful for your loyal support over the past three years.” “This exclusive Christmas event is an important start for the establishment of the OnlyOrigin ecosystem. We hope to gradually build an innovative and interesting Defi trading world through this event.” The OnlyOrigin Christmas limited gold coin giveaway will start on December 27, 2022 at 00:01 PST. The limited gold coin gift belongs to the second stage of this Christmas, with a total value of up to 50,000 US dollars. The first 100 users of all series who use the “Activator” to synthesize will receive an OnlyOrigin gold coin box. The OnlyOrigin gold coin box will consist of a limited gold coin NFT and a commemorative pure gold coin. The value of the limited gold coin NFT is equivalent to 50% of the purchase price of the series “pass” and “activator”. Similarly, we will repurchase the limited gold coin NFT at OnlyOrigin at this price. You can sell limited gold coins NFT on the OnlyOrigin platform to earn your profit. At the same time, we will mail a pure gold coin with collection value to the winning user. This gold coin will be used as part of the reward and mainly used as a collectible. This means that when you choose to sell limited gold coins on the OnlyOrigin platform, the pure gold coins mailed to you will not be taken back. No matter what, this pure gold coin belongs to you. December is the season of joy at OnlyOrigin To make sure you don’t miss an OnlyOrigin Christmas event, follow us #OnlyOrigin on social media. In addition to the above events and prizes, you will also get the latest news about all our events, offers. Finally, the entire OnlyOrigin team wishes you a great start to the festive season and looks forward to seeing you at the tree this December. For more information about our OnlyOrigin, please refer to the link below: URL：http://onlyorigin.net/ Twittier：https://twitter.com/onlyorigin2022 Facebook：https://www.facebook.com/profile.php?id=100086898587201 Telegram：https://t.me/OnlyOriginVIP

Korean Game Company, Sotem Mobile’s Lord of Dragons (LOD: Lord of Dragons) to venture into the P2E market.

Armani Bins2 years ago2 years ago03 mins

Sotem Mobile’s brand-new title, Lord of Dragons (LOD: Lord of Dragons) is set to launch as early as January 2023, adding latest tile to the company’s solid track records of 20 years of successfully developing and publishing games like Dragon-raja, Dragonica, and many others. LOD is a P2E MMORPG utilizing NFT aspects baked into the ecosystem while adopting meticulous dual-token in-game economy to ensure healthy economic circulation of in-game assets throughout the product lifecycle. A great deal of expertise, experience, and know-hows have been put into the development of LOD, evidenced by the company’s successful records of developing RPGs, global services, and collaboration with various publishers around the world. The game will feature 6 different multi-weapon system and attributes, coupled with classic targeting-play interface. Each playable characters can equip up to 3 different weapons at once while switching them freely to effectively hunt and target the enemy. Different strategy and tactics can be deployed based on the type of the weapon, and with little to no effort, users will be able to experience all 6 weapons easily to have an opportunity to find and choose weapons that they like the most. MMORPG’s classic strengths, such as mass real-time PvP siege battle of up to 1,000 players, competitions with guilds and other massive scale battle contents are currently in the pipeline. The company believes that the game must be ‘fun to play’ while offering its players to relieve stresses from their daily lives. The market has been plagued with sub-par quality games that are heavily focused at ‘earn’ aspect of the P2E element, where it inevitably makes the game ‘boring’ and eventually exhaust players. However, LOD aims to dramatically reverse this trend by ensuring all three elements of P2E, “Play” “Earn” & “Fun” are well blended into this state-of-the-art Full 3D MMORPG. <Discord> https://discord.gg/lordofdragons <Twitter> twitter.com/global_LOD <Homepage> https://lordofdragons.io <Git-book> https://docs.lordofdragons.io/ <Medium> https://medium.com/@Global_LoD

Hyakki NFT utility and marketing platform raise $2 million Seed Round

Casey2 years ago2 years ago02 mins

Hyakki NFT utility and marketing platform has raised $2 million seed round funding from Step VC, Druid Ventures. MultiDao has participated in the incubation. STEP VC is a leading Web3 venture capital institution. Since 2018, STEP VC has participated in the investment of many top Web3 projects such as HashKey, Amber AI, Solana Foundation, covering many fields such as DeFi, platform funds, NFT and games. Druid Ventures is an early Web3 venture fund, dedicated to investment incubation in the field of NFT and Web3 infrastructures. MultiDao is a distributed autonomous organization under Multichain, which aims to build a multichain universe combining multichain ecology and incubate cross-chain start-ups. Multichain (formerly Anyswap) is a leading enterprise in the cross chain field, with total locked value of USD 4.94 billion. Hyakki is committed to building marketing and utility infrastructure for Web3 and NFT, and providing marketing services and application scenarios for Web2 and Web3 brands by using AR and AI. With advanced AIGC technology, Hyakki is helping every NFT from 2D JPEG to real utility and fulfilling the brand’s marketing tasks. Hyakki NFT is the Genesis NFT series launched by the Hyakki platform. Keep an eye out for more information on Hyakki: Twitter,Hyakki.com

NFT Trading Platform DARTrader exhibited the world’s leading NFT ATM with David’s CUP NFT from Greedland in Digital Art Fair

Casey2 years ago2 years ago04 mins

DARTrader is invited to attend Digital Art Fair Xperience Hong Kong 2022, which exhibited from 20 October to 6 November 2022. The exhibition transformed the 20,000-square-foot Central venue into an engaging and interactive high-tech Web 3.0 art experience. Thousands of digital artworks will be showcased at Digital Art Fair Xperience Hong Kong 2022. It is worth noting that DARTrader exhibited the world’s first NFT ATM, which attracted a large number of NFT enthusiasts to experience it in the exhibition. NFT collectors could buy the NFT offline such as David’s CUP from Greedland, Icebear from Decentral Arts Team,etc. Greedland, a traditional Hong Kong art brand, is bringing Web3’s most innovative ideas to the field. The mission is to integrate the traditional and passionate football world into the new wave of the blockchain. Greedland will release David’s CUP NFT this winter, Qatar, to commemorate the first football feast after COVID-19, combining traditional classic aesthetic elements with modern style, interpreting the literature and art of the crypto art era with a new concept The rise of the revival, the post-pandemic boom, and the quadrennial football frenzy. DARTrader is an NFT trading platform founded by the Decentral Arts (ie DART) team. It has a wealth of world-class artist resources, as well as super-large and iconic IP cooperation channels. It has jointly operated several top IPs with national museums/art institutions. As we all known, NFT can be easily used to verify ownership and authenticity, and it is irreplaceable, unique and traceable. In contrast to traditional arts, NFT can solve many issues such as digital scarcity, etc. Obviously, NFT is the inevitable development of traditional art market. Since trading is the core function of NFT, a new NFT trading platform will inevitably appear in the future to upgrade of the entire NFT industry. Therefore, the DART team dedicated to setting up the DARTrader, a grand new business model NFT trading platform. David’s CUP will be the first crossover collaboration between Dartrader and Greedland. Greedland will bring more traditional artists and collectors to Dartrader, a new-generation NFT trading platform. In the future, DARTrader will continue to innovate and conduct more technical explorations of NFT trading functions, including the already launched new royalties rule, NFT SWAP, Mystery Swap, NFT Trade Mining, Trading Guild and more. DARTrader also welcome more people to join and explore more new possibilities of Decentral Arts together.

OnlyOrigin Crypto Collectibles Market Launches NFT Blind Box Function, Ushering in a New Era of NFT Purchases

Casey2 years ago2 years ago05 mins

The non-fungible token (NFT) market has drawn the same admiration and controversy among those interested in making money in the crypto-digital space. Arguably one of the most amazing products on this market is the NFT Mystery Box. As a decentralized NFT platform based on Web3.0, OnlyOrigin is in a leading position in developing web3 projects. Therefore, OnlyOrigin launched the NFT blind box mechanism on October 30, 2022, combining the NFT purchase method with the blind box practically and effectively, giving the NFT collection new playability. What is OnlyOrigin’s NFT Blind Box? OnlyOrigin’s Blind Box is a box that contains a unique random NFT or a few of them, it is also known as a Mystery Box. Interestingly, the user knows that the purchase is one of the NFT collections, but the user does not know what is inside the item. There’s an element of surprise to the whole thing – some might even think it’s akin to gambling, given the chance to get a rare drop instead of a regular drop for a regular price. Many blockchain projects are releasing limited-edition NFT mystery boxes at OnlyOrigin, which contain NFTs of various rarity levels. The role of the OnlyOrigin blind box Fifteen days before the official launch of OnlyOrigin’s NFT collection, the collection’s pass and activator will be released, which is similar to the NFT whitelisting event. The pass is consistent with the whitelist, and having a pass is equivalent to obtaining the qualification to collect NFTs. The activators are divided into different rarity levels and will be released in blind boxes. When you have a pass and a rarer activator, then you have an NFT that is more valuable and rarer. Before it is opened, the user cannot know which level of the NFT Activator in the mystery box is. If the user is lucky enough to obtain an extremely rare SSR-level NFT Activator, the user can combine the pass and SSR Activator to get an SSR-level NFT. Of course, users can also sell NFT Activators on aggregated NFT markets (for example, OpenSea, Rarible), and sell them for a lot of rewards.In addition, if the user only obtains an N-level NFT activator, he can also obtain an NFT by synthesizing the pass and the activator to achieve sufficient value. For example, game-type NFTs can be used in games. last thoughts NFT blind boxes are undoubtedly becoming a new way for users to collect NFTs. It’s addictive, fun, and has few downsides to speak of. If you’re looking for a way to get some rare and valuable NFTs, buying NFT Blind Boxes is definitely worth considering. If you want to know more about OnlyOrigin’s blind boxes, please note: URL：http://onlyorigin.net/ Twittier：https://twitter.com/onlyorigin2022 Facebook：https://www.facebook.com/profile.php?id=100086898587201 Telegram：https://t.me/OnlyOriginVIP

Potential projects to get whitelisted on Solana and Ethereum

Armani Bins2 years ago2 years ago018 mins

The rapid expansion of the NFT sector over the last year has made possible a plethora of innovative new endeavors. The early identification of many of these projects by astute investors presents a tempting investment opportunity. This guide will explore the top forthcoming NFTs and the best places to invest in these assets right now (with no transaction fees) to assist investors better navigate the investing environment. 1. Pyra Alien Vietnamese people have started a lot of NFT projects so far. But mostly NFT branding, Gamefi NFT, and mostly sh*t. Binz NFT is probably the most popular, but now I don’t know where it drift to. The easiest way to explain it is with the idea of wasting and lying. Those who want to do it have not reached that level yet. In terms of defi, Vietnam has two organizations, Coin98 and Kyber Network, that are strong and have a long-term plan to start building. It is longer. But in the end, there was a full-fledged organization to do this, so Pyra Alien was born. Pyra Research, which is the largest NFT DAO in Vietnam, built Pyra Alien. The NFT Pyra Alien will be both useful and recognizable. At the moment, there isn’t much information about the project’s direction, roadmap, or what problems NFT solves. Just got Twitter, Discord, and some art that got out. I’ll tell you more later. I like this because Pyra Research has a lot of experience with NFT. They are not an anonymous group that just jumped into an NFT Collections. Instead, they have a loyal community that has been living together for a while. I have no doubt that they will do well with this collection. Watch out if you want to join Discord early, and join the whitelist hunting giveaway. 2. HelloMoon There are several NFT utilities on Solana, although most of them are duplicates. Only the top 1.2 percent of NFTs are actually innovative. There are only a few of similar applications, such as monitoring floor price, candlestick charts for NFT, purchase volume, and sell volume. Generally speaking, these facts are rather broad and general. It is quite difficult to bring them together and develop a coherent and successful investing plan. Is there a group that has already resolved this issue? Yes, Nansen is the correct answer. However, Nansen is quite pricey. When novices see Nansen’s price, they will likely weep. HelloMoon will rise to the occasion to resolve both of these issues. HelloMoon consists of Solana Defi & NFT analytics, or investment assistance tools. Instead of needing to pay a monthly fee to use Nansen, you now just need to pay a one-time fee of 1 NFT to have lifelong access to all the features that were originally regarded as unique to Nansen. HelloMoon has completed the development of its data analytics platform for NFT and Defi. The commonest and most desired HelloMoon features include:– Smart minting tracking– KOLS wallet tracking– Smart money inflow / outflow– Exchange Currently, according to the project statement, NFT collections are planned for the near future. The new project introduced an OG position to the Discord server. Little is known about this new position. In my experience, the guarantee whitelist or the whitelist review will take precedence over the typical role. Try to get the OG position, and be helpful. The reason I like this offer: Solana adores the NFT utility, particularly the projects that have been previously published and have excellent finishing. Recently, NFT utilities such as SharkyFi, Heroes, etc. have an excellent ROI. If HelloMoon is successful, it will be a very cost-effective alternative to the mountain of money spent on Nansen. It seems to be free money. 3. Degen news Currently, crypto investing, NFT, is exceedingly exhausted. Every morning, you must read a mountain of news from around 4.5 distinct news websites. Then, if you are investing in a project, you must visit the Twitter and website of each project individually to read the most recent updates. Then, in order to increase your portfolio, you must locate projects and study a mountain of information on each one. This is in addition to the fact that you must absorb crucial knowledge as fast as possible since it may immediately affect your finances. Simple example: You purchase token A. Project A is compromised. Hundreds of investors drove a massive amount of sell pressure to the floor with lightning speed. The prevalent mindset is to release as soon as possible. Reduce loss as much as feasible. Do you want me to hear this news as quickly as possible so that I may sell it as soon as possible, or do you want the price to plummet before you read that it was hacked? Degenerate was created to address these two issues. Their philosophy is to be the most thorough and efficient. Degenerate Labs is a news media firm focusing on NFT. Degen news’s objective is to transmit information in real time as quickly as possible, and they have already achieved this pace. Five employees are on duty almost 24 hours a day, seven days a week, to get information as promptly as feasible. I was astonished by how quickly Degen News’ NFT deployment occurred after two weeks of testing. Not only are all market-related headlines current, but so are even the most trivial events, such as the founders of two NFT ventures cursing at one other. Degen News is the first project I enable Twitter alerts for so I can read it fast and easily. It is unclear if there are genuinely 5 individuals and a coordination of Machine Learning, but the reporting pace is far faster than Watcher.guru or Unfolded. In the future, they will enhance the quality of their reports, analyses, ratings, and data, as well as send investigative teams to examine incidents of rug pull, hack, and security warning for projects. is in view. Reasons why I like: As stated before, Solana enjoys the utility NFT. Degen News has attained the highest…

Introducing Lords of The Lands – A Futuristic Metaverse Space for NFT Rentals

Armani Bins2 years ago2 years ago08 mins

Overview Lords of The Lands (LOL) is a utility-driven metaverse project, futuristic new age medieval world ruled by its neo billionaires known as Lords. Built on the Ethereum network, the LOL metaverse can be accessed through iOS, Android, Web and other virtual reality applications. The project aims to become the future of gaming, entertainment and ecommerce while generating passive-income for its holders. LOL is bringing its first presale collection of 255 Lords and 300 Lands. The project has already started the registration for the Allowlist to book its whitelisting spot through the Premint website (https://www.premint.xyz/LOL) Key Features Lands NFTs The LOL land NFTs are non-transferrable fungible virtual assets built on the Ethereum smart contracts. Land NFT holders can monetize these digital lands and earn monthly rentals. These rentals can be claimed at 1 p.m. UTC on the day 1 of each month. You can purchase these lands with the Ethereum token and create your own virtual world with pre-built/custom templates in the Lords of the Lands Metaverse. Types of lands on the LOL metaverse: Prime Land NFTs – a total of 27 plots are available in Presale at 0.8 ETH each and the main-sale price for the same is 1 ETH. Platinum Land NFTs – 92 plots are available in Presale for 0.4 ETH each and the main-sale price for the land is 0.6 ETH. Lands NFTs – 181 total plots available in Presale for 0.2 ETH and the main-sale price is 0.3 ETH. Apart from that, every Land NFT comes with hidden treasure chests depending on the “rarity” of the land. The hidden treasure chests can be of platinum, gold and silver. The treasure chests contain rare LOL NFTs such as Vaults, Lords, accessories, e-gaming passes, etc., depending on the land’s rarity. Lords of the Lands organizes NFT gaming tournaments twice a month. They have partnered with the biggest e-gaming platform and will be running these tournaments on games like FreeFire, Minecraft, GTA V, PubG, etc. Participate in these gaming tournaments and win exclusive gaming NFTs, crypto and much more. Only LOL e-gaming NFT pass-holders can take part in the LOL gaming tournaments. At present, there are only 2000 passes. So, hurry and grab your NFT tournament pass. Make sure to follow their Twitter (https://twitter.com/LordsOfTheLands) to stay updated. Lords NFTs The Lords are the virtual avatars and richest billionaires from the medieval era who are dressed as the neo age meta landlords. The Lords have unique attributes or rarities like rental boosts, superpowers, clothes, gadgets, and accessories. You can mint these Lord NFTs and earn bonuses that can boost your rental earnings. The boosting power depends on the rarity of the minted Lord. The rentals are boosted on the 1st of every month at 1 p.m. UTC. There are 255 Lords NFTs. These Lords also have the privilege to explore hidden parts of the Lords of the Lands metaverse and win NFTs. How to earn in the LOL metaverse? There are various ways to earn NFTs in LOL metaverse such as: Own LOL lands and earn monthly rentals Earn by taking part in LOL e-gaming tournaments Win hidden treasure chests and get access to the rare LOL NFTs like passes for e-gaming tournaments, Land NFTs, gaming accessories like swords and gadgets, etc. Be a part of the Meta Realtor Programme and become a meta estate agent. Earn 10% of your referred land sales as commission Showcase your NFTs in the LOL museum; buy and sell NFTs, and take part in NFT auctions. Members of the Discord community can win passes for e-gaming tournaments, and rare LOL NFTs by taking part in the LOL’s daily/weekly Discord contests. LOL Attractions Get free and paid access to virtual music festivals featuring renowned artists. Fresh talents also get an opportunity to showcase themselves in front of a wide audience Participate in e-gaming tournaments and win sports accessories like gadgets, Lord’s swords, Vaults, etc Find out hidden treasure hunts and get NFTs directly transferred to your metaverse wallets Enjoy a virtual shopping experience in the Lords of the Lands Metaverse Real-life experience of sports in virtual stadiums and a chance to meet sports stars Stay updated with their Twitter (https://twitter.com/LordsOfTheLands) channel to discover the attractions of LOL metaverse Final Thoughts As per many industry experts, in the list of recently launched metaverse projects, “Lords of the Lands” has major potential to become the “Next Blue-chip”. To register for the LOL Whitelisting raffle click here( https://www.premint.xyz/LOL). Website: https://www.lordsofthelands.io Twitter: https://twitter.com/LordsOfTheLands Discord: https://discord.gg/hnCf6WJg5f Premint Registrations: https://www.premint.xyz/LOL/ Media Contact: Name – Jagriti Gupta Email – info@lordsofthelands.io

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