Categories
NFT

Custodial vs Non-Custodial Wallets – Here’s the Difference

Custodial and non-custodial wallets are the two main options for storing crypto and other digital assets. That said, both of these types of wallets have their fair share of pros and cons. So, how do you know which is right for you?

Below you’ll learn what a custodial and non-custodial wallet is, how they differ, and how to choose the right one for you.

What Is a Custodial Wallet?

A custodial wallet stores your private key for you. Hence, the wallet provider is in complete control of your wallet and any asset within. Most custodial wallets are provided to users by centralized cryptocurrency exchanges, which are often web-based.

These exchanges make it easy for users to interact with blockchain technology by managing the private key for you. Hence, if you forget your password you can easily reset it by answering some basic security questions—similar to any other online account you might have, such as social media.

With a custodial wallet, the exchange is tasked with signing blockchain transactions initiated by the user to ensure it’s completed successfully. With that, custodial wallets can easily connect to decentralized applications (dapps) along with staking and yield farming platforms.

To be fair, there are some cons to custodial wallets though. Since these wallets live online via a centralized entity, they’re often targeted by hackers. That’s one reason why billions of dollars have been stolen from such exchanges.

And it gets even worse. If the exchange that controls your wallet goes bankrupt, all of your funds could be instantly frozen leaving you empty-handed. This is exactly what happened with the popular cryptocurrency exchange FTX.

Using a custodial wallet without doing your homework first is like lending money to someone you just met—hoping they’ll return it to you the moment you ask.

A trusted and reliable exchange is generally federally regulated, meaning they adhere to numerous laws, and may even offer insurance coverage to protect its users.

Additionally, many custodial wallets require ‘know your customer’ (KYC) and ‘anti-money laundering’ (AML) verification. Although this is in place to keep the company and its users safe, it lengthens the time it takes to create a new wallet.

Pros:

  • Great for beginners who don’t want to manage their private keys.
  • Low barrier to entry for crypto for those new to crypto.
  • You can easily recover your password if you lose or forget it.

Cons:

  • Custodial wallets are often targeted by hackers.
  • Your private key and assets are controlled by a third party.
  • Requires KYC and AML verification prior to use.

What Is a Non-Custodial Wallet?

A non-custodial wallet enables the user full control of their private key and any assets within the wallet. Hence the saying, “not your keys, not your crypto”, meaning if you don’t own your private key, you don’t actually own your assets.

With this ownership comes more responsibility and technical know-how. That’s why non-custodial wallets are preferred by those with a deeper understanding and a greater curiosity about blockchain technology.

In addition to this increased responsibility, there are several types of non-custodial wallets, each with its own level of technical know-how required to use it. 

Browser and app-based wallets (aka software wallets) are in their own category and are often thought to be the least secure type of non-custodial wallet. The reason being is that the software is connected to the internet 24/7, making it more prone to hackers and various scams.

On the other hand, a physical device (aka a hardware wallet) is another kind of non-custodial wallet that’s known as the most secure wallet you can get. Since your private key is stored on the device itself and not online, it’s virtually impossible to hack.

Nonetheless, a non-custodial wallet’s greatest upside just happens to be its biggest downfall. That is, if you lose your private key, you lose access to your wallet and everything in it. There’s no recovery method and no one to reach out to for help. You’re on your own.

However,  every non-custodial wallet automatically generates 12-24 random words to create a secret recovery phrase. This phrase is used to restore your wallet, and anyone who knows your phrase has complete access to your wallet.

Of course, this phrase is equally as important as your private key considering it’s technically the same thing. So if you lose your private key and your recovery phrase, you lose your wallet and your funds.

Pros:

  • You control your keys and assets.
  • Funds remain secure even if an exchange is hacked.
  • No KYC or AML verification is required to create a wallet.

Cons:

  • No way to recover your wallet if you lose your private key.
  • There’s a greater learning curve to using a non-custodial wallet.
  • Non-custodial wallets may not be suitable for those new to crypto.
Custodial vs Non-Custodial Wallets: Which Is Right For You?

Now that you’re equipped with knowledge of both custodial and non-custodial wallets, you’re probably wondering which one is right for you. No worries, I’ve been in this same predicament myself. Here’s what you should consider. 

If you’re someone who is hesitant to get started and you’re just seeing if this is right for you, look to see if you check off all the boxes below. If you do, a custodial wallet is likely right for you.

  • I just want to buy some crypto to see what it’s like.
  • I want the ability to recover my wallet and assets if I lose my password.
  • I don’t mind trusting a third-party exchange with my funds.
  • I’m okay waiting for KYC and AML verification before being able to use my wallet.

If you’re looking for complete control over your wallet, you’re technically inclined, and you’re passionate about blockchain technology, see if you check off all the boxes below. If you do, a non-custodial wallet is likely the best choice for you.

  • I’m interested in investing more funds and time into crypto and blockchain technology.
  • I want complete control over my wallet and funds.
  • I’m willing to accept full responsibility for keeping my private key safe.
  • I don’t trust a third-party exchange to store my funds.
  • I want to create my wallet quickly, and use it instantly.

If you’re on the fence about both, then try both. There’s no harm in trying each one to see which experience better fits your needs.

3 Custodial Wallets to Know
  1. Coinbase

Coinbase is the largest centralized cryptocurrency exchange in the world with over 100 million active users. Moreover, Coinbase offers over 170 different cryptocurrencies for trade across 100 countries. If you’re looking for an easy-to-use wallet that’s trusted by millions of other beginners, it doesn’t get much better than Coinbase.

  1. Binance

Binance is another popular exchange founded in 2017 that quickly grew to become the largest crypto exchange in the world before Coinbase took the lead. As well, Binance.US is one of the highest-ranked exchanges for staking and holds high-security rankings, in addition to super low fees. If you’re looking for a trustworthy wallet that’s even backed by Forbes, Binance is it.

  1. KraKen

Although Kraken might not be as popular as other exchanges, they’ve upheld a strong reputation in the industry. With over 9 million active users, support for over 190 countries, and $207 billion of quarterly trading volume, Kraken is a superb option for anyone looking for a trustworthy custodial wallet.

3 Non-Custodial Wallets to Know
  1. MetaMask

MetaMask is by far the most popular and trusted non-custodial wallet available. With over 30 million active users and growing, MetaMask enables you to easily manage your crypto and NFTs using their browser extension or mobile app. Plus, MetaMask is easy to set up and free to download and use. 

So whether you’re a beginner or a pro, MetaMask is suited for everyone. The only downside is that MetaMask only supports blockchains compatible with the Ethereum Virtual Machine (EVM), including Ethereum, Avalanche, Polygon, and BNB Smart Chain.

  1. Coinbase Wallet

Coinbase Wallet is separate from the custodial exchange mentioned previously. Coinbase Wallet is a non-custodial wallet that gives users complete control over their private key, crypto, and NFTs, plus it serves as a Web3 browser.

That means you can use Coinbase Wallet to easily surf the decentralized web and connect to various dapps. Coinbase has already managed to gain the trust of millions via their exchange, so when they released their self-custody wallet, it became an instant no-brainer.

  1. Ledger

Perhaps the best wallet of them all is Ledger. This hardware wallet is recognized as the leading non-custodial hardware wallet in the industry. Ledger has sold over 3 million wallets worldwide and is a household name amongst blockchain enthusiasts and serious investors.

Not only is Ledger the most secure option for storing your digital assets, but it’s fairly affordable and is compatible with most software wallets such as MetaMask and Coinbase Wallet. 

Furthermore, Ledger supports more blockchains than any other wallet including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), LINK Chainlink (LINK), Litecoin (LTC), Cardano (ADA), Stellar (XLM), Polkadot (DOT), along with ERC20 and ERC721 NFT standards.

Although there’s a slight learning curve to setting up a Ledger hardware wallet, it’s more than worth the added security and compatibility in my experience.

Categories
NFT

Most Expensive Sports NFTs

Over the past few years NFT’s and digital collectibles have reached incredible heights that no one ever imagined. NFT collections like that of artist Beeple sold for north of $60 million dollars while individual NFT’s from collections like CryptoPunk and BAYC sold for more than $1 million. Take a look at the 15 highest selling sports NFT’s of all-time.

RELATED

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1.) Statue of LeBron
  • Sale: $21.6 million

The highest known recorded sale for a sports NFT is known other than the ‘King’ of the NBA, LeBron James. James is known for his iconic slam-dunks, routinely soaring through the air to jam on defenders heads. An NFT of his iconic runaway dunk was sold on auction for over $20 million dollars. The NFT is a 1/1 and purchasing it grants you full rights to the image.

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2.) MLB Champions Brett Gardner
  • Sale: $21.28 million

The highest known sale for an NFT of a baseball player surprisingly goes to Yankees legend Brett Gardner. Gardner played on the Yankees from 2008 to 2021 and was named an all-star in 2015. Most notably, he won a ring with the Yankees in 2009, his only World Series win. Gardner has not officially retired but was ruled inactive and did not play in the 2022 season.

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3.) Jermall Charlo: Lions Only GOLD ULTIMATE
  • Sale: $19.1 million

The last eight-figure sale to make the list os highest sports NFT sales comes from Jermall Charlo’s championship fight. This 1/1 NFT was created to commemorate Charlo winning his WBC Middleweight World Championship fight in 2019. Charlo is currently 32-0 with 22 of those wins coming via knockout.

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4.) Micheal Jordan SportPunk
  • Sale: $5.06 million

When NFT’s hit their peak in 2021, it seemed like everyday a new 8-bit Cryptopunk would sell for millions of dollars. The NFT project is looked at as an OG project, becoming a widely recognized and respected project in the space. They created a sports spinoff of their NFT’s, releasing 100 different editions that looked like various athletes. The legendary Michael Jordan Sportspunk sold for over $5 million.

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5.) Rare Diego Maradona 2020-21
  • Sale: $4.3 million

There are few proper football players who are as well-known or infamous as the great Diego Maradona. Love him or hate him, there is no denying that Maradona is one of the greatest to ever touch a pitch. He is most well-known for winning the 1984 World Cup which saw him score a controversial goal known as the “Hand of God”. A NFT of him as a coach sold for over $4 million.

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6.) Nifty Doge Low Tayl0r.WFT
  • Sale: $2.1 Million

It should be no surprise that a collectible like shoes have translated into digital collectibles. People have been collecting and trading shoes for decades and they have become a staple in popular culture. An NFT of an 8-bit version of the Nike Dunk Lows sold for over $2 million. The NFT is a 1/1 and was personally commissioned.

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7.) Alex Morgan Legendary
  • Sale: $2.129 million

Arguably the greatest American soccer player ever, it should come as no surprise that Alex Morgan cracks the top 10 of this list. Morgan has won two World Cups with the United States as well as a gold medal. The rare legendary version of her NFT sold for over $2 million.

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8.) Aaron Judge Legendary
  • Sale: $2.129 million

There was no baseball who had as highly publicized a season as Yankees Aaron Judge. The slugger hit a record 62 home-runs and took home his second AL MVP award. A legendary version of his NFT sold for over $2 million dollars. Judge, who is slated to be a free agent, is looking to get a massive deal this offseason.

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9.) Action Jackson’s Sports Cards
  • Sale: $2.08 million

When you hold a nickname like Mr.October, it means you did some pretty legendary stuff during the MLP postseason. Reggie Jackson cemented his legacy after smacking three consecutive home-runs during the 1977 World Series. A digital asset of him sold for over $2 million. The NFT also comes with ownership of Reggie Jackson baseball cards and memorabilia.

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10.) Mookie Betts Legendary
  • Sale: $2.05 million

Mookie Betts shot into superstardom in the MLB after four consecutive seasons as an all-star with the Boston Red Sox. After being traded to the Los Angeles Dodgers, he would continue his all-star play as well as helping the Dodgers win a World Series. A legendary version of his NFT sold for over $2 million.

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11.) Kobe Bryant’s Last Tweet
  • Sale: $1.9 Million

The NBA and sports world were sent into shock when it was announced the great Kobe Bryant had perished in a helicopter crash at the young age of 41. His last tweet was an homage to fellow Laker LeBron James for passing him in points scored all-time. The tweet reportedly sold for a little under $2 million.

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12.) Beastly Ballers Dragoon
  • Sale: $1.08 Million

The Beastly Ballers are an NFT project that allow you to collect different positions and rarities of the Beastly Baller universe. The most expensive sale from this project was the Dragoon, who plays quarterback. The highest recorded sale of this NFT went for just a little over $1 million.

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13.) AC Milan No. 1s, 5 Pack
  • Sale: $1.08 Million

AC Milan is one of the most historic and well known proper football clubs in the world. The club was founded in 1899 and has won 19 league titles in the Italian Serie A. A bundle that includes five high-profile AC Milan players was sold for just shy of $1 million. This is a really interesting entry on this list as it’s the only sale that included multiple NFTs.

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14.) GlitchKicks Trophy Room Chicago
  • Sale: $1.08 Million

The second sneaker to enter our list of the most expensive sports NFT’s comes from GlitchKicks. The NFT of the iconic Jordan 1 Trophy Room Chicago kicks sold for just over $1 million.

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15.) Signed Dream Team Ball 1992
  • Sale: $1.06 Million

There are few, maybe no, basketball teams as iconic or important as the 1992 Dream Team. The first group of professional basketball players to represent the USA at the olympics, the 92 team took home gold and showed the world how great basketball is. An NFT of a basketball signed by the entire team sold for just over $1 million.

Categories
NFT

How to Create an NFT

What Are Non-Fungible Tokens (NFTs)?

NFTs are a type of token that are going to completely revolutionize entire industries by changing the way we share and consume pretty much everything.

A “fungible” asset refers to something that is interchangeable with another unit of that same asset. A good example of a fungible asset is the US dollar. If I exchange my $1 bill for your $1 bill, nothing really changes. While they are two different pieces of fancy paper, both bills represent the same exact value. That’s fungibility. 

Conversely, a non-fungible asset refers to something of a distinct value. There are no two exactly the same. A good example of a non-fungible asset is a house or a car. 

A non-fungible token is where things get really interesting. We’ll teach you how to create one.

What is ‘Minting’ an NFT?

In essence, minting an NFT means to publish your token to the blockchain. Minting can refer to the creation or buying process. Either way, minting an NFT always results in a transaction on the blockchain. Let’s break down the two minting scenarios: creating and buying.

How Do You Create or “Mint” an NFT?

To create an NFT, you have to go through a publishing process. You can use platforms such as Opensea and Mintable to publish your own NFT creation so that it becomes available for others to buy. This self-publication process is known as minting.

If you are minting on the Ethereum blockchain, then you are also responsible for paying the gas fees to submit the transaction.

Step 1: Set up a Crypto Wallet

First thing’s first, you will need to get yourself an Ethereum wallet to store all your cryptocurrency and NFTs, before creating your OpenSea account. You can view a list of wallets accepted by OpenSea here.

One of the most common NFT wallets that people prefer to use is Metamask.io. If you would like some guidance on how to set up your Metamask wallet, check out this helpful guide: How to Set Up Your MetaMask Wallet.

Step 2: Buy Ethereum/or other cryptocurrency

How to Purchase Ethereum (ETH) on Coinbase And Send it To Your Wallet

  1. Go to Coinbase.com
  2. Sign in, or create an account
  3. Click Buy Sell, and select Ethereum
  4. Click, Preview Buy, to confirm your order and then select, Buy Now, to complete your purchase.
  5. When your ETH is available (up to 15 days), send it from Coinbase to your wallet
  6. Open up your Metamask (or any other acceptable wallet) account and copy your wallet address
  7. Go back to Coinbase and select Portfolio, and choose Ethereum. Click, Send, and then paste your wallet address that you copied into the To field. (Always double check you pasted your full wallet address)
Step 3: Choose an NFT Market Place to Create & List Your NFT

The most popular marketplaces include Opensea, Superrare, Foundation, and Rarible. We will be teaching you how to create an NFT on Opensea, but check out our article for the best 8 NFT marketplaces to explore.

Step 4: Create an Opensea Account

After you create your crypto wallet, Navigate to opensea.io and click the Profile icon. You’ll then be prompted to connect your wallet. You will continue through multiple prompts, finishing with the connection screen. When you see “Connecting…” OpenSea to your wallet, you’re almost done.

If you’d like to change your username, click the three-dot menu on the right side of the screen and select Settings. You will receive an extra security prompt, click Sign and you can begin updating your profile.

Now you can customize your bio, email address, profile photo, and more. 

If you ever have trouble viewing your items, make sure your wallet is connected correctly. OpenSea is a window into your wallet address, showing all the NFTs inside.

Step 5: Create Your NFT
  1. Sign into OpenSea
  2. Go to Create, or choose Collection if you’re minting a collection
  3. Enter the name of your NFT and/or collection
  4. Upload any desired media for your NFT 
  5. Customize your OpenSea URL
  6. Add a description up to 1000 characters
  7. Give your NFT a category to help others find it on OpenSea
  8. Enter in any social and website links
  9. Input a royalty percentage (up to 10 percent)
  10. Choose which blockchain you want to mint on (Ethereum or Polygon)
  11. Select Create

Congratulations, you have successfully minted your first NFT on the OpenSea NFT marketplace. Moving forward, if you created a collection, you can always mint new NFTs into that collection.

Keep in mind that you can not change the metadata of any NFT you mint. The metadata includes everything in the list above. So be sure to double check all of your work before minting your NFT.

Step 6: Determine the Listing & Sales Options

When you go to sell an NFT on OpenSea, you may notice that there are four different types of listing options available for you to choose from:

  1. Fixed price (Buy Now)
    The fixed price listing option will put your NFT on sale for a Buy Now price. This listing strategy is straightforward and good if you have a set price for the NFT you’re selling.
  2. Dutch auction (Begins high, ends low)
    When you list your NFT using the dutch auction strategy, you are simply setting a starting price, ending price, and the duration of the auction. As time progresses, the original price decreases until reaching the set floor price.
  3. Auction (Starting price, or reserve price)
    The Auction listing option is your standard English auction. You simply list your NFT for a minimum price and then you allow buyers to bid on it. You also have the ability to set a reserve price and you can accept any offer you would like.
  4. Bundle (list multiple NFTs as one bundle)
    Bundling your NFTs is a great choice if you are looking to sell more than one NFT to the same buyer. When you bundle multiple NFTs, only one transaction is required as opposed to multiple, meaning you the buyer saves on having to pay numerous gas fees.

There are no costs associated with creating and listing an NFT on Opensea. However, OpenSea takes 2.5% of every transaction involving an NFT that a user chooses to list using OpenSea.

Creators can set a collection-level fee of up to 10%. This means creators can earn revenue every time their NFT is sold using OpenSea. The creator can modify this fee percentage at any time.

Keep in mind that if you are making a collection for someone else or as part of a group, OpenSea does not support contract level splits. So, if you need to split revenue between two parties, you will have to do it outside of OpenSea. You can find more information on Openseas fees via their help center.

To cancel a listing, click on Cancel listing at the top right of your item page. Please note, canceling listings requires a gas fee to make the item unavailable to other users. Gas fees are constantly changing depending on the volume of transactions on the blockchain. You can read more about gas fees here.

Categories
NFT

The 15 Best Metaverse Games

The term “Metaverse” has become more of a constant area of discussion now that the burgeoning Web3 movement has taken hold. And at the heart of that movement is a collection of games that embody the best parts of what the metaverse has to offer. The best metaverse games tend to offer an online multiplayer experience with a constantly evolving universe and even a game of that ilk that also offers play-to-earn mechanics within a world governed by NFTs. Here are 15 worthwhile interactive experiences that will bring you right into the ever-changing metaverse.

RELATED: What is the Metaverse? A Beginners Guide

What Are Metaverse Games?
Sky Mavis

Today’s gaming sphere has been a major part of the metaverse due to the presence of virtual experiences that offer connected digital worlds full of player avatars performing any number of actions. And those actions usually revolve around owning NFTs in the form of assorted items such as plots of land, participating in massive events that bring the game’s vast community together, and more. Metaverse games embody those aforementioned characteristics while also mashing up elements of virtual reality, cryptocurrencies, and a bevy of other interactive activities.

What Do You Need to Play Metaverse Games?
Epic Games

Like most modern-day video games, you’ll need a video game console, PC, or mobile device to play the likes of Fortnite and Minecraft. And of course, you’ll need a stable internet connection to be able to explore the living worlds the best metaverse games are contained within. A few of the games on this list also employ the usage of virtual-reality devices, so copping one of the models developed and released by Valve, Sony, HTC, and HP is a worthy investment. And for the play-to-earn games full of cryptocurrencies or digital money, getting yourself a blockchain wallet is a must.

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1. ‘Fortnite’

Epic Games’ blockbuster battle-royale game has become a mainstream force on the tip of everyone’s tongues whenever video games enter the conversation. To see how far Fortnite has come since its 2017 debut is fascinating – it started out as a tower defense-shooter and survival game, then it threw in a battle royale mode that pushed its popularity to mammoth proportions. The Fortnite we know today is the epitome of a metaverse game – players get to choose from a wide gamut of avatars that are lifted from other games, movies, TV shows, comic books, cartoons, and so much more. And besides all the running, gunning, and building these game entails, Fortnite has been known to throw in universe altring events and even put on concerts that feature some of the most prominent musical artists. Any game that lets you pit Goku against John Wick in an assault rifle battle defines just how wild the metaverse can be in its current state.

Play It Here
https://www.epicgames.com/fortnite/en-US/download
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2. ‘Minecraft’

Minecraft is another genre-defining experience known far and wide by gamers and non-gamers alike. And as one of the best metaverse games, its primary focus is on allowing players to explore, fight, and create within a world spread across a nearly limitless array of 3D spaces. Minecraft is constantly changing in some manner thanks to the efforts of the players themselves – the jaw-dropping architectural marvels they construct are constant proof of that sentiment. And just like Fortnite, there’s a wealth of customizable avatars that reflect the likeness of popular characters that are pop culture icons. Minecraft’s explorable worlds are full of creativity and unique ways to interact with them all.

Play It Here
https://www.minecraft.net/en-us/get-minecraft
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3. ‘Roblox’

Roblox is more than just a game – it’s an online game platform and game-creation tool that’s attracted so much attention from young impressionable minds. What’s so fascinating about it is the fact that kids who have no idea about what developing games truly entails are getting their first bit of training in that field just by creating simple games of their own through Roblox. We’ve chosen to place it on this list of the best metaverse games due to it offering a healthy online community with several methods of interacting with each other through immersive spaces. Roblox’s world is regularly filled with millions of young players getting their first taste of everything that makes up the metaverse.

Play It Here
https://www.roblox.com/
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4. ‘Axie Infinity’

Axie Infinity is certainly the most recognizable and widely played online multiplayer game that employs the implementation of NFTs. The gameplay on offer here is similar to that of Nintendo/The Pokémon Company’s blockbuster Pocket Monster collecting franchise. Players go out of their way to build up an army of digital pets known as “Axies,” which double as the game’s collectible NFTs that can be minted by whoever’s earned them. The metaverse vibes are very strong here as players also have the ability to purchase plots of land and homes that their Axies can inhabit. Axie Infinity’s NFT-fueled economy, play-to-earn gameplay focus, and an online community full of freshman players & experienced “scholars” point to its strong classification as a metaverse game.

Play It Here
https://axieinfinity.com/
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5. ‘Illuvium’

Illuvium is a trendsetter within the metaverse gaming space – it holds the distinction of being known as the self-proclaimed “world’s first IBG (Interoperable Blockchain Game).” In simple gaming terms that are easier to wrap your head around, it’s an “open-world exploration, NFT creature collector and autobattler game” that caters to fans of RPGs. Players maneuver through Illuvium’s huge explorable world while capturing “Illuvials,” which can be used for battles within the game’s PvP battle arena. The other actions this game entails are playing to earn crypto in ILV tokens, trading on a thriving virtual marketplace with other players, acquiring land, and more.

Play It Here
https://play.illuvium.io/
<code><iframe width="560" height="315" src="https://www.youtube.com/embed/zMuzPnM5RQc" frameborder="0" allowfullscreen></iframe>","hed6. ‘Decentraland’","buttonTextPlay It Here","buttonUrlhttps://decentraland.org/</code>
6. ‘Decentraland’

Back in 2020, Decentraland came to fruition as a virtual world where players have the ability to create, explore, and trade as much as they please. The MANA cryptocurrency is primarily relied upon to make everything move in this game’s expansive 3D plane of existence – that digital currency can be put towards customizing one’s avatar, purchasing a long line of wearable items, and even copping some land. You can get on your landowner vibes by renting out your space or whatever other locales that happen to lay upon it. It’s pretty wild how players can use their land to put on all types of events, such as concerts and digital art auctions, and even earn some money in the process. If that part of the game excites you, be sure to set up a MetaMask ASAP! As the “first fully decentralized world,” Decentraland is a treat for curious onlookers looking to get sucked into one of the best metaverse games.

Play It Here
https://decentraland.org/
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7. ‘Somnium Space’

Remember how we mentioned that some metaverse games immerse you even more into its digital expanses via VR headsets? Now we’re set to speak on one of the best ones out there right now – Somnium Space. While there is a traditional play mode to hop into, it’s best if you get the most out of this game via VR. Every part of this game’s world is created by its thriving community, plus all those in-game assets are representative of players’ true ownership of such goods via the Ethereum and Solana blockchains. Somnium Space will definitely trip you out – being able to dive into all types of movie theaters, parks, schools, and more from a first-person VR viewpoint is mindblowing.

Play It Here
https://store.steampowered.com/app/875480/Somnium_Space_VR/
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8. ‘The Sandbox’

What was originally a mobile-only experience eventually evolved into a PC game that’s a blockchain-based 3D open-world game. The Sandbox’s name should give you a clue about what it has to offer. Players create their own blocky avatars, who then go on to create a litany of things through the blockchain and smart contracts. The game’s marketplace allows you to sell off your many creations, plus you can let your creative instincts run wild as The Sandbox lets you create your very own interactive experiences. Getting your hands on some digital estates and perusing through other players’ wonderfully crafted locales is where most of the joy comes from within The Sandbox.

Play It Here
https://store.steampowered.com/app/265810/The_Sandbox/
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9. ‘My Neighbor Alice’

My Neighbor Alice is the perfect metaverse game for anyone that’s poured countless hours into games such as Harvest Moon, Stardew Valley, and Farmville. You’ll be thrown into a cheerful world that’s home to your very own virtual farming plots and islands, plus you’ll be tasked with selling off the goods produced by your healthy livestock. The presence of NFTs comes into play in the form of sellable houses, animals, house items, etc. that can be sold through the game’s own marketplace and any other participating blockchains. My Neighbor Alice is the type of metaverse game suited towards gamers that enjoy a calm farming/building simulator.

Play It Here
https://myneighboralice.medium.com/our-launcher-has-arrived-5dcef115efdb
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10. ‘Bloktopia’

Taking a deep dive into Bloktopia will introduce you to a world full of expanse and wonder. The cyberpunk vibes are very strong here as the game’s central location is filled with neon colors and “made up of 21 levels to pay recognition to 21 million Bitcoin.” Holding “Blok” tokens within Bloktopia’s world gives you the right to be classified as a “Bloktopian.” As for what your digital duties are, you’ll get the chance to play all sorts of custom games, build networks, activate advertising campaigns via “Adblok,” etc. in a bid to earn yourself real-world revenue. Bloktopia is known as “the home of crypto,” which is certainly a lofty self-description. Based on everything it has in place, it looks as if that statement rings true.

Play It Here
https://www.bloktopia.com/
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11. ‘Alien Worlds’

The inhabitants of Earth have now found a way to explore deep space – by traveling through a wormhole that takes them to “exoPlanets.” The mysterious planets on the other end of that form of interplanetary transport harbor “Trilium” (the official in-game currency), which can be mined, used to vote in Planetary elections, and put towards increasing a planet’s reward pool. The space-themed metaverse at the heart of this game is massive and features NFTs in the form of land, minions, weapons, etc., that match up well with Alien Worlds’ traditional gameplay mechanics.

Play It Here
https://play.alienworlds.io/?_gl=1*1ihgh1h*_ga*MTMxNTMzMzE1OC4xNjY5MTcwNDg3*_ga_L2GPJHYBRV*MTY2OTE3MDQ4Ny4xLjAuMTY2OTE3MDQ4Ny42MC4wLjA.
<code><iframe width="560" height="315" src="https://www.youtube.com/embed/PXj7594jgaM" frameborder="0" allowfullscreen></iframe>","hed12. ‘Splinterlands’","buttonTextPlay It Here","buttonUrlhttps://next.splinterlands.com/login/email</code>
12. ‘Splinterlands’

The metaverse at the core of Splinterlands revolves around a community of players fighting for glory during a highly addictive collectible card game. Over 500 collectible cards with 64+ abilities in tow can be obtained here, which also double as NFTs. You’ll get to participate in some hard-fought battles with your deck of battle-hardened cards, trade them with the rest of the game’s community, and earn cryptocurrency credits just for winning as much as possible.

Play It Here
https://next.splinterlands.com/login/email
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13. ‘Star Atlas’

Another one of the best metaverse games on this list also happens to take place in the stars above. Star Atlas is themed around extensive space exploration, fighting for territories, and making careful political moves that can either benefit you or hamper your progress. What’s in place here is a hardcore strategy experience that gives its players true ownership over their assets, such as spaceships, various structures, vast resources, and more. Star Atlas’s metaverse endears itself well to fans of Star Wars and Star Trek.

Play It Here
https://play.staratlas.com/
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14. ‘Gods Unchained’

If Splinterlands caters to your collectible card game tendencies, then you might also want to take a deep dive into this next pick, Gods Unchained’s gameplay should become a favorite of Magic The Gathering: Arena fanatics (which makes all the sense in the world since this game is led by the former game director of Magic, Chris Clay). The play-to-earn portion of this game comes in the form of sellable cards (which are NFTs) that can be bartered with other players over the Ethereum L2 blockchain.

Play It Here
https://godsunchained.com/auth/register
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15. ‘DeFi Kingdoms’

The pixelated goodness of DeFi Kingdoms definitely takes us back to the 16-bit golden era of 16-bit RPGs. The crucial collectible that players can get their hands on while playing is the “Jewel” power token, which is used for gas on the DFK Chain. “Crystal” tokens can also be obtained and swapped with other players, which also plays into the game’s healthy blockchain community. You’ll also get a kick out of this game as you collect battle-ready Hero NFTs, go on epic quests, get friendly with pet NFTs, and fight hard during card game duels. Currently, DeFi Kingdoms is playable on Katyn, which is a metaverse-focused blockchain network.

Play It Here
https://game.defikingdoms.com/
Categories
NFT

Australian Open Art Ball NFT Serves New Season of AO23 Tickets, Updates, Rewards

As the market navigates the crypto winter, Grand Slam NFT project, Australian Open ‘ArtBall’ brings new heat in the midst of ‘crypto winter,’ staying on-strategy to commit investment and announce plans, set to significantly renew holder optimism. 

<code><p class = "twitter-tweet">https://twitter.com/AOmetaverse/status/1595532283821576192?ref_src=twsrc%5Etfw</p></code>

In a demonstration of the most extensive rewards program on the blockchain, AO ArtBall serves holders an unprecedented level of tickets to major tennis and live sport events in a game changer year of member benefits that includes AO23 Ground Passes, exclusive behind-the-scenes streams and an enhanced fan experience. 

Designed by Tennis Australia and Web3studio Run it Wild, AO ArtBall announces an unprecedented level of AO23 tickets for all NFTholders. Additionally, holders will also receive access to live sport and entertainment events that cover both virtual and real worlds, Australian and international events. This new frontier of token-gatedexperiences breaks new ground in rewarding holders with experiences-at-scale, they may not ordinarily have access to. 

Every ArtBall holder will be able to claim a pair of complimentary seven day Ground Passes to finals week of AO23 as part of the ArtBall Ground Pass to live events. Given the 6,776 collection size, this will be the largest release of tickets to an AO membership program in the history of the event. Holders of multiple ArtBalls will be able to claim multiple pairs of Ground Passes based on the quantity they own. For example, if someone owns three ArtBalls, they can claim six tickets, allowing them to treat their family and friends to an unforgettable finals week (23-29 January) at AO23.

Ridley Plummer, Senior Manager Metaverse, NFT’s, Web3 and Cryptocurrency, Tennis Australia

“We believe we’re delivering what an NFT should be. We’re offering fans truly unique experiences and creating memories that last a lifetime. We don’t believe any other project is offering Grand Slam tickets and the range of member benefits on this scale, to all holders. Whether it’s your first time in Rod Laver Arena, a heightened experience in a virtual world, seeing your favourite player, team, or artist play or learning something new in Web3, it’ll be rewarding,

Serving up a new way to experience sport, AO ArtBall exists at the intersection of sport and innovation, unlocking ways to keep fans in the game – on and off the court. Changing the way AO’s fervent fan base are invested beyond the 14 day tournament, ArtBalls already come with a plot on the court. If the winning shot from any of the ~400 AO matches lands on that plot, the ArtBall is updated in near real-time to highlight the match information and attach a holographic sticker to the ball casing showing it’s a Match Point ArtBall. 

“Last year we set a new precedent at the intersection of tech, art, tennis and live data. This year we’re breaking new ground in offering all holders a deeper fan experience. We’ve shifted gears to build out a sustainable membership platform for the future that adds in token-gated experiences as a given, founded on proof of ownershipand holder demand,” said Adam De Cata, Run it Wild Founder and NFT Tech CEO. 

AO ArtBall raises the bar once more since becoming the world’s-first Web3 project to incorporate live match data and win an Entertainment Cannes Lions award for Sport. “We believe we’re one of the most extensive rewards program on the blockchain, the experiences on offer to ArtBall holders are truly memorable, unique and accessible,” De Cata added. Here’s a glimpse of what’s to come for AO ArtBall in 2023.

What’s new for AO ArtBall 2023 

ArtBall Ground Pass 

In addition to the pair of AO23 Ground Passes, ArtBall holders will get access to select United Cup matches in Sydney, Brisbane and Perth. United Cup is the first mixed teams event for equal points and equal pay, taking place from 29 December through to 8 January. 

“AO ArtBall continues to over deliver. Ground Passes to AO23 would be an unforgettable experience for my friends and family. I never expected to be rewarded with so many benefits. Thanks for ArtBall, I already own a rare signed t-shirt autographed by tennis legends, a number of POAPs[6] and wearables in addition to recently attending the Moto GP for the first time with my family,” said Discord member Justice Albatraoz, holder of four ArtBalls. 

The ArtBall SuperSight 

Artball SuperSight is an exclusive curated experience for AO Art Ball members. Aiming to deepen the fan experience, SuperSight will bring members behind the scenes of AO23. Supersight also offers an exclusive suite of streams and viewing tools for members located anywhere in the world, allowing them to engage with the AO remotely. This includes Player-cams, 3D Stats Explorer and AI personalized match highlights. 

All enhanced Match Point experience 

Using Chainlink VRF (Verifiable Random Function) technology, all AO22 & AO23 ArtBalls will be randomly allocated a new court position. This unique benefit ensures existing holders, in less desirable locations e.g. under the net, get a fresh opportunity to secure Match Points from their new plot. The ‘23 Match Point experience is set to include 3D match point visualization and digitized match footage. 

Expansion of international rewards 

2022 saw dedicated holders battle it out in rapid fire trivia to secure exclusive tickets to other Grand Slams including Wimbledon and Roland Garros. Testament to the vast partner network of Tennis Australia, ArtBall members could also access international experiences beyond tennis, including club tickets, stadium tours and signed merchandise from Arsenal and the New York Mets. To ensure international ArtBall holders are kept in the game, the ‘23 collection will see an expansion of international rewards for holders via collaborations with iconic Web3 projects and brands. 

Categories
NFT

What are Layer 1 (L1) Solutions in the Blockchain, and Why Are They Important?

But First, What Is Blockchain?

Blockchain is a system of recording information designed to make it difficult to change, alter, or hack the information once recorded. A blockchain is a digital ledger duplicated and distributed across an entire network of computer systems. All that information is stored in blocks that form a chain of historical reference. 

“The blockchain is a database that stores information from transactional records in a universal ledger. Assets are traded and tracked on the blockchain, reducing risk and cutting costs for everyone involved.”- Alex White-Gomez.

Alex has a more in-depth answer to the question in his article What are Layer 2 (L2) Solutions in the Blockchain and Why Are They Important?” I highly recommend taking a look if you are interested in learning more.

What is Layer 1 in the Blockchain?

A Layer 1 is the foundation level of blockchain architecture. Layer-1 blockchains validate and execute transactions on a consensus public ledger without support from another network while reimbursing validators or miners with cryptocurrencies. 

There are two types of Layer 1s, Proof of Work or POW and Proof of Stake or POS. When using proof of work networks such as Bitcoin or Ethereum Classic, there are users called miners that have computers set up to crunch answer complicated equations. The reason why all the systems compete to answer those equations is to update the ledger when things change. When the answer is found, a block is created. That block rewards the first miner for getting the solution with a cryptocurrency.

An example would be if you sent a Bitcoin to a friend, the Ledger worldwide has to be updated. So, for the next block, every machine answers the same question to agree that you sent that Bitcoin to a friend. When people talk about Layer 1s, however, they often refer to Ethereum, which has recently moved to Proof of Stake. POS is where a validator has locked up a certain number of coins and runs a validation node that will validate when changes are made to the network. Instead of crunching complicated equations for blocks, random validators are selected to simply recognize that a change has occurred in the ledger. In either case, POW or POS is the operational layer on which the network functions. There are some cases where Layer 1 is used to facilitate actions such as minting an NFT; however, those transactions require the use of the primary leisure for validation, unlike a Layer 2, which circumvents that validation with an often cheaper, sometimes faster system built on top of a Layer 1 network.

What is Layer 2 in the Blockchain?

Layer 2 solutions extend the functionality of the layer network they are built on. It is often an attempt to correct a limitation of a Layer 1 network—all of which can range from transaction speeds and fees to total throughput and security. 

Layer 2 is a term used for solutions created to help scale an application by processing transactions off of the Mainnet (layer 1) while still maintaining the same security measures and decentralization as the mainnet.

ONE37pm writer Alex White-Gomez has a more in-depth answer to the question in his article What are Layer 2 (L2) Solutions in the Blockchain and Why Are They Important?” I highly recommend taking a look if you are interested in learning additional information.

Layer 1 vs. Layer 2: What are The differences?

A layer one network is a network that acts as infrastructure for other applications, protocols, and networks to build on top of a public decentralized layer one network’s primary characteristic is its consensus mechanism. Different consensus mechanisms provide different levels of speed, security, and throughput.

There are just as many similarities as differences between Layer 1s and Layer 2s. Layer 1 systems are typically decentralized networks that use a consensus mechanism such as POS or POW to update their Ledger. Layer twos can be decentralized or centralized, but they often bypass the mainnets consensus mechanism In an effort to increase transaction speeds and reduce transaction costs or gas fees. 

One way to look at Layer 1 versus Layer 2 is by thinking of the Internet as a whole. If the Internet or the World Wide Web is Layer 1, where everything takes place, then Layer 2 would be the web browser you use. That is a gross oversimplification; however, it is the easiest way to view it. If you use the open systems interconnection (OSI) for reference, a Layer 1 could be levels one through six, whereas a Layer 2 could be seen as levels three through seven. The OSI is a conceptual model created by the International Organization for Standardization which enables systems to communicate using standard protocols. While not the same as blockchain, it gives you an idea of how similar Layer 1s and Layer 2s are to each other. 

Just as there are several versions or types of layer 1s (Bitcoin, Ethereum, Cardano), there are multiple types of layer 2s (Polygon, Arbiritum). Ultimately, Layer 1 is intended to be the backbone of the user experience. A Layer 2 solution is intended to improve the Layer 1 network by giving a solution to a problem that is believed to exist on Layer 1 for the user. Where Layer 1 is intended to be the backbone of the user experience.

Which is better, Layer 1 or Layer 2?

 It doesn’t appear as though either is better than the other. Where a Layer 1 mainnet is often the definition of security because of its consensus mechanisms, a Layer 2 solutions do not always carry that security. Instead, they strive to do so while improving the end-user experience.  Though Layer 2 solutions are intended to enhance the speed or throughput of the network, many updates to layer 1s, such as Ethereum’s move to proof of stake, can improve a Layer one directly. It is to each his own when it comes to which Layer 1 or Layer 2 network you choose to experience the best of web3.

Categories
NFT

Johnnie Walker Collaborates With VANDYTHEPINK and 88Rising to Release Special Blue Label Bottle

Through a first-of-its-kind collaboration with BlockBar, the world’s first direct to consumer NFT marketplace for luxury wine and spirits, and the Web3 consultancy Vayner3 – the NFT holders will have the opportunity to take part in a token-gated voting experience, giving holders the ability to inspire VANDYTHEPINK’s final design of the physical bottle. This will be the first time a Blue Label Bottle’s design has ever been influenced by an NFT community vote.

<code><p class = "twitter-tweet">https://twitter.com/JohnnieWalkerUS/status/1593608945993748481?ref_src=twsrc%5Etfw</p></code>

This will be the first time artwork by VANDYTHEPINK will debut in Web3 and the first time BlockBar will host a community-impacted release where NFT holders will vote on artwork to be featured on the bottle. 

VANDYTHEPINK is a highly celebrated streetwear designer known for his progressive and playful take on icons derived from pop culture around the world.

With Johnnie Walker Blue Label as his canvas, VANDYTHEPINK created a series of iconographies and colorways in collaboration with Johnnie Walker and 88rising that holders will rank upon purchase of the NFT. Taking inspiration from his culture and personal experiences, VANDYTHEPINK focused on thematics of progress, harmony, balance, beauty and quality. He found beautiful synergies in these qualities in the craftsmanship of Johnnie Walker Blue Label and the community built around 88rising to conceptualize the artwork for this bottle release.

Junghoon Vandy Son, founder of VANDYTHEPINK

Johnnie Walker Blue Label has become a recognized symbol of prestige and I am excited to imprint my artistic vision on one of the most iconic blended Scotch Whiskies in the world. Inspired by the complex harmony and depth of character, I wanted my artwork to be emblematic of the balance within the bottle while representing the communities Johnnie Walker and 88rising bring together.

By purchasing the NFT on BlockBar.com, holders will also have VIP access to attend ‘V’ curated by Vayner3 at SCOPE Miami Beach on Friday, December 1st. NFT holders will have the opportunity to meet VANDYTHEPINK, vote on the final bottle artwork and receive a signed, serial numbered commemorative piece of artwork while enjoying an elevated Johnnie Walker Blue Label tasting experience. 

More on the Drop

After December 1, the Johnnie Walker Blue Label NFT will update to reflect the community voted on artwork and become the design on the VANDYTHEPINK edition Johnnie Walker Blue Label bottles. The physical bottles once created will be held securely by BlockBar with a record of authenticity held on the blockchain as a digital certificate of ownership until the NFT is redeemed.

The VANDYTHEPINK x Johnnie Walker Blue Label limited edition release will drop publicly on BlockBar.com at 10AM ET on Tuesday, November 22.

BlockBar’s Johnnie Walker token holders, Johnnie Walker POAP holders and select Web3 community members will have early access to purchase this release beginning 24 hours before the public sale.

The NFT priced at $355 USD (approx. 0.30 ETH) may be purchased by individuals who are over the legal drinking age in their respective jurisdictions from BlockBar.com with ETH or credit card. At 10AM, the first users to reserve the bottle will then have 10 minutes to check out. Users who successfully check out will receive an NFT (digital version) representing a proof of authenticity and ownership of the physical bottle, which is stored with BlockBar until the bottle owner is ready to “burn” the NFT to redeem. Bottle owners can gift or resell this NFT on the BlockBar.com marketplace. 

Sophie Kelly, Senior Vice President of Whiskies, DIAGEO North America.

I’m incredibly excited to see where the design of this Johnnie Walker Blue Label collaboration with VANDYTHEPINK ends up. We are thrilled to be pushing boundaries in Web3 as this is a first of its kind creator collaboration with an NFT marketplace, ultimately allowing the BlockBar community to play with unique VANDYTHEPINK icons to co-create a one-of-a-kind Johnnie Walker Blue Label bottle with us.

Categories
NFT

AXE and ONE37pm to Release Edition’d Digital Collectible with nes100pro, Providing Access to “V” at Art Basel

Blockchain Boom: Brands Taking Over Web3

In 2021, we saw the strength of web3’s takeover in mainstream culture— from Cryptopunks, VeeFriends, and Beeple to token-gated events and metaverse parties.

This year, despite the volatile economic times, the mainstream adoption isn’t slowing down. With thousands of new NFT projects emerging daily, and big-name companies entering the metaverse, the opportunities for brands in the blockchain space are endless.

Traditional and pre-blockchain brands like Nike, The Hundreds, and Adidas have jumped in on this cultural phenomenon. We’ve also seen new brands emerge during this time such as RTFKT, World of Women, and Doodles. Web3, what many thought was a passing fad, is now expected to permanently cement its presence in art and daily life.

Unless you live under a rock, it’s clear that the future of art is now both digital and physical. 

The world’s No.1 men’s fragrance brand AXE is also no stranger to web3*. In March of this year, its parent company, Unilever, filed several metaverse-related trademark applications.

And let’s not forget when AXE broke the internet in 2021, after releasing its Doge coin-inspired body spray. The spray, dubbed “Dogecan,” was a limited edition release marketed as a 48 hour crypto scent with a “Dank Musk.” 

AXE has solidified its brand as a mainstay in male culture, staying on top of both current and emerging trends. The brand recently teamed up with popular rapper Lil Baby to create “the Ultimate Drip Kit: The Limited Edition ‘WHAXE Pack,” along with a scent-inspired animated series.

AXE’s Upcoming Release

Now, AXE is continuing its innovation in the blockchain space through a limited edition digital collectible and experience at Art Basel.

To bring this vision to life, AXE and ONE37pm are collaborating with renowned 3D artist nes100pro, who will create a hyperrealistic digitally animated collectible with 137 editions. You have a chance to win one of these tokenized tickets by entering the sweepstakes here.

The sweepstakes, live now, will be open until November 21.

Nes100pro is a 3D Generalist and NFT Artist based in Switzerland. He is best known for his surrealist art style, as well as his project Rona’s Hands. He currently works with some of the world’s biggest music companies and brands— the latest being Nike’s latest virtual art gallery, Dunk Museum.

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Access and Utility

But wait, there’s more. Those who get the collectible ticket will also be gaining access to “V: The Experience,” presented by VaynerX, the most exclusive event at this year’s Art Basel.

While Art Basel remains the premier destination for traditional art, it’s recently taken on a crypto-centered overhaul. This year, “V” will serve as the epicenter of the web3 festivities and take place at SCOPE Miami Beach’s stunning pop-up pavilion on December 1st.

Within “V,” nes100pro’s token-gated ticket will also grant access to the AXE/ONE37pm Lounge, one of the premier activations at the event where attendees will be able to celebrate Web3 and culture with influencers, friends, and partners alike.

This unique space will showcase thought leadership and brand innovation, highlight and promote artistic diversity, and deliver access and exclusivity in one of the most creative and inspiring settings possible. There will be both a day and night portion of the event.

Follow ONE37pm on Instagram and Twitter as well as AXE for more updates on Token Ticket Giveaways and social sweeps as Art Basel approaches.

ENTER THE SWEEPSTAKES HERE
https://axe-giveaway.one37pm.com/

* Source: Euromonitor International Limited; Men’s deodorant & Men’s fragrances retail value sales combined; 2021 data, includes all Axe/Lynx sales

TRANSPORTATION NOT INCLUDED WITH PRIZE. NO PURCHASE NECESSARY. Open to 50 US/DC, 21+. Ends 11/21. Rules: https://axe-giveaway.one37pm.com/

Categories
NFT

What Are the Best Music NFT Projects?

Today, we’re gonna be taking a look at some of the best music NFT projects out right now. At this point in time, web3 has completely altered the trajectory of the music industry, and is showing no signs of slowing down. Based on our own research across OpenSea and other essential resources like Water & Music, we were able to discern some very notable projects from the pack.

RELATED: Water and Music’s Year in Review: The Music World is Evolving

This is not to say go out and buy these NFTs, we’re more so looking to highlight some of the standout projects. Remember, in the web3 world, things are ever-changing, so we’ll be updating our list as time goes on. All of the statistics featured are as of November 14, 2022. Without further ado, here’s our list (in no particular order).

1. SAN Origin
OpenSea

Items: 10,000

Creation Date: September 2022

Chain: Ethereum

Hailing from the SAN music ecosystem, SAN Origin is one of the top trending music NFTs on OpenSea, and for good reason. In order to understand the NFT, you have to understand the body behind it, SAN Sound.

According to their website, SAN is “a music-centric ecosystem dedicated to transforming access and experiences for independent musicians and their fans.” They essentially take the sophisticated areas of technology and use it to help artists of all kinds build.

Their NFTs can either be traded or “Soulbound” after minting, which gives the minter indefinite access to the ecosystem. This ecosystem is geared to solve many issues, like educating artists on building their brands (especially in web3), offering artists ways to understand the data behind their content, and even helping artists to get more exposure for their creations. This is just the tip of the iceberg.

Click here to see the project.

2. KINGSHIP
OpenSea

Items: 5,000

Creation Date: May 2022

Chain: Ethereum

KINGSHIP is an interesting NFT project, that seems beyond obvious. Consisting of three Bored Apes and a Mutant Ape, this “musical group,” so to speak, is signed to Universal Music Group’s 10:22pm imprint, and they were the first to make such a project with Bored Apes.

If you were to check out the KINGSHIP site, you’d come across the storytelling aspect of this very interesting project. The in-depth anecdote follows the artists on their path to greatness, dating back to their earliest days together at Really High School. In addition to the vivid storytelling that supplements this interesting project, they’ve garnered a brand partnership with M&M’s, which is presumably the first of many. The project also has included the likes of Hit-Boy and James Fauntleroy, appropriately embedding them into the cunning storyline.

So far, the KINGSHIP story has four chapters, New Beginning, Rider, New “Music” Trait, and Kurt the Roadie. Any of the 5,000 tokens provide “access to music, exclusive content, utility, community, and token-gated experiences over time.” In addition to their primary tokens, people have the option to buy tokens for their respective characters like Kurt the Roadie.

Click here to see the project.

3. PIXELATED by Sammy Arriaga
OpenSea

Items: 4,000

Creation Date: June 2022

Chain: Ethereum

Sammy Arriaga is no stranger to the ONE37pm pages. As the headline of our previous article featuring Sammy states, he’s no ordinary country music star. To emphasize that point even more, we’re about to take a deeper look at his web3 ventures.

PIXELATED by Sammy Arriaga is just one of his projects, but it’s made its way into this piece for its recent relative high performance. The project is essentially one of the artist’s songs, structured into 4,000 unique NFTs with 150 unique characteristics mixed between PFPs (profile pictures). There are 12 different versions of the song, which all are exclusively dropped through this medium. Between the 12 song versions and 150 design features, each of the 4,000 items is made to be characteristically different.

Some of Sammy’s other notable projects include METAGIRL by Sammy Arriaga, Pulse Pass by Sammy Arriaga, THE Airdrops by Sammy Arriaga, and Sammy Arriaga – The Singles.

Click here to see the project.

4. Snoop Dogg – B.O.D.R
OpenSea

Items: 32

Creation Date: February 2022

Chain: Ethereum

Snoop Dogg’s B.O.D.R album (Born on Death Row) was made particularly for web3, and at this point it’s clear why. The project has pulled in 901 ETH, which in today’s exchange rate (1 ETH to 1,234 USD) totals out to a little over 1 million dollars.

Backed by Gala Music and Snoop (obviously), this project was set to thrive from the start. Snoop has over two decades of music industry experience and performance experience, so he knows exactly what he’s doing at this point. This project (and the other Snoop-backed projects) are a shining example of web3 success to up-and-coming artists. This really goes to show how successful an endeavor like this can be, and how much more favorable it is compared to the traditional music industry route of shamelessly pursuing label deals. Did we mention the album features the likes of Nas, T.I., DaBaby, Nate Dogg, Uncle Murda, Wiz Khalifa, and Lil Duval? This is Snoop’s third album under Death Row, but his first album as the acting owner of the entity.

Click here to see the project.

5. The Orbs by BT
OpenSea

Items: 3,333

Creation Date: February 2022

Chain: Ethereum

The Orbs by BT is yet another project backed by Gala Music. This one has separated itself from the pack with its unique approach to the content delivered. As described by themselves in their OpenSea bio, “The Orbs, created by BT, are a collection of 3,333 live animated, three dimensional objects, terrains, skies and stars with audio reactive animation, camera movement, lighting and surface textures. The music itself, including live synthesis and sequencing is generated in real time living with permanence on the blockchain.

In its first 9 months, the project has accumulated 2,591 ETH in total volume on OpenSea, which as of today (11/14), roughly equates to over 3 million dollars.

Click here to see the project.

6. WVRPS by WarpSound (Official)
OpenSea

Items: 9,999

Creation Date: January 2022

Chain: Ethereum

WVRPS by WarpSound has made its way onto our list today thanks to its proven track record on OpenSea. Here’s the basic rundown: WVRPS is the first collection of PFP and AI-generated music NFTs minted on the Ethereum blockchain.

The mission behind this project is somewhat questionable in the music community (regarding the automated aspects of this project, which replace the role of creatives), but regardless, the project seems to be loved dearly. With 6,152 ETH in total volume on OpenSea, the project has generated roughly over 7.5 million USD (as of 11/14).

Click here to see the project.

7. Moonshot by Violetta Zironi
OpenSea

Items: 2,500

Creation Date: April 2022

Chain: Ethereum

Of all the projects we’re highlighting, Moonshot by Violetta Zironi is an interesting project in particular. Based on 5 songs written by Violetta, Moonshot features 2,500 hand-drawn pieces from her father.

So far the project has roughly 850 owners of its corresponding NFTs, with 167 ETH in total volume so far. The hyper-personal feel to this collection of NFTs is what separates it from its competition on OpenSea.

Click here to see the project.

8. Hume Genesis
OpenSea

Items: 1,035

Creation Date: July 2022

Chain: Ethereum

Created in July of 2022, Hume Genesis is an NFT project which plays on the notion of the future. The project sets its story in the year 3045, and fills this story with futuristic Sci-Fi elements, which in many ways feel real. Hume aims to “build an open metaverse, free from the tyranny of the Xani Republic.”

Hume Genesis NFTs come in three tiers, and all holders are granted access to the Hume Collective. The tiers obviously create some sort of discernment in rank and access within the collective, but everyone who is a holder has the same relative motive: being a member of the collective, and having a hand in building out the careers of the “metastars.” These metastars are artists created by Hume, which are rolled out in NFT form. The first of these characters is angelbaby.

Click here to see the project.

9. Reo Cragun: Frameworks
OpenSea

Items: 333

Creation Date: September 2022

Chain: Ethereum

Frameworks is yet another project worth highlighting. This audiovisual project is in partnership with both Sound.xyz and Bonfire.

Frameworks has been the first to utilize Sound Protocol and be hosted on sound.xyz and reocragun.xyz at the same time. The project also claims to be the first of its kind to “have 5 golden eggs under one contract.”

The project of 333 NFTs features 5 songs, and has drawn in over 24 ETH so far. Though this number doesn’t quite stack up to some of the projects mentioned, it’s worth noting that it’s only two months old at this point. It’s been trending on OpenSea’s music category, and now we see why.

Click here to see the project.

10. FiFi Rong Music NFTs
OpenSea

Items: 41

Creation Date: June 2021

Chain: Ethereum

FiFi Rong Music NFTs is a project that kept popping up on OpenSea’s music charts. If you happened to notice the date in the stats section, you probably noted that this artist was pretty early for the music space on OpenSea, especially compared to our other mentions in this piece.

To understand the project, you must understand the artist behind it. Fifi Rong is an avant-pop artist who calls the UK home. She was born in China, and the country’s culture has a home within her brand. FiFi Rong has appeal to many demographics of people, and has made her way onto our list as a shining example of exactly what underground artists should be aiming to do. The power of web3 is helping up-and-coming talent make a full-time career all the more feasible without any particular corporate backing.

Click here to see the project.

Categories
NFT

Day One Helps Entrepreneurs Build Better Businesses — Here’s How They’re Democratizing Ownership with Crowdfunding and NFTs

The underlying technology that makes NFTs possible (blockchains + smart contracts) continues to prove useful in a widening array of applications. 

From loyalty programs to token-gated restaurants, and everything in between. 

It’s fascinating to watch NFTs become integrated into business models that strive to turn customers into communities and Day One is yet another example of a company to do this. 

I had the chance to interview Andrew Hutton, the co-founder of Day One, a community-focused virtual school for entrepreneurs in diverse stages and interests, about their approach of incorporating NFTs as part of their public crowdfunding campaign and beyond. 

Andrew co-founded Day One after working on the build side of a venture studio, advising entrepreneurs to help them start and grow their businesses. During that time, he worked with hundreds of founders and became fascinated by the process of what it took to go from nothing to something in business. 

After 3 years of this work, Andrew began thinking about his next step and realized that in Venture Capital, it’s very much a 1 in 100 or even 1 in 1,000 chance of investment and support, so he decided that he wanted to build a “spiritually and fundamentally similar place for entrepreneurs to get resources, community, coaching, guidance and learning that [founders] would get from a VC, but democratize the process.” 

You can check out upcoming Day One tracks here

Democratizing Day One Ownership With a Regulated CrowdFund 

Andrew and his team bootstrapped the first 18 months of Day One to validate their hypothesis that there was a need for their product and then raised their first institutional round toward the end of 2021. 

With their first formal fundraising round complete, they began to experiment with their business model and offerings. 

To date, Day One has launched 8 different tracks, focusing on various parts of the entrepreneur’s journey, with an emphasis on emerging industries (web3 is one of them), and is now expanding with partners who have deep expertise that can help people build better businesses. 

One of their early partnerships is with a familiar name, Gary Vaynerchuk (also an early investor), that will bring in expertise from Gary’s leadership team to help the group within the track “learn the VaynerX approach to business and entrepreneurship and get into things like how to scale, lead with empathy, etc”. 

And as Day One’s business model has progressed, Andrew and the team have kicked off another fundraising round, but this time, anyone can get involved. 

Day One launched a regulated equity crowdfunding campaign through Republic.com open to anyone who invests a minimum of $150. 

And yes, this investment does give you equity in Day One via a SAFE agreement

As part of this crowdfund, Day One offers perks to those who invest more in their company, including discounted access to tracks and the Day One Collective, an NFT membership card.

Creating Ambassadors with Incentives Through NFTs

“The first foundational owners of this NFT will also be owners of Day One.” — Andrew Hutton

The Day One team had been considering a web3 strategy for at least a year and wanted to be thoughtful about the approach. They had a track record of delivering utility to a community through their established product, but saw how effective web3 was at creating and sustaining communities.

The Day One Collective will consist of 505 NFTs initially, and the first wave of NFTS will be given to those who invest $2,000 or more in the company, which creates a scenario that rewards equity holders with a tradeable asset, that also grants access to an exclusive community. 

Typically, when you purchase equity in a business, you have to wait for a liquidity event (E.g. the business is sold) to recoup your investment and take your profit. 

But introducing an NFT to equity holders offers an asset that is immediately tradeable and tied to the value Day One brings to its holders. 

Andrew explained that it is a unique concept, because most NFTs are not owned by equity holders of the specific project or company. 

This scenario offers the best of both worlds — investors do not have to wait years for an exit of their investment that’s largely out of their control. 

They can sell their NFT anytime they please, while still retaining their equity ownership in Day One. 

This creates a strong incentive for those crowdfund investors and NFT holders to be active ambassadors of Day One: 

“When you have the NFT, it incentivizes you to make the community you’re apart of strong and market it. That’s huge for us as a business. It makes sense fundamentally, but we have to be really thoughtful about it.” — Andrew H. 

Andrew went on to explain that the benefits of holding the NFT will evolve over time, but it will act as a membership pass to a highly curated, high-touch community of entrepreneurs. 

And within that community, holders will have opportunities to get insider access to Day One fellows with opportunities to invest in the companies they launch and be part of the ecosystem of investors, mentors, advisors and founders. 

He also added: 

“One other thing we are excited about is that if and when we raise funds either through royalties or subsequent token sales, the funds could be pointed back to scholarships, capital, or seeding the next generation of founders.” — Andrew H. 

The goal is to use NFTs to create a group of people connected around Day One’s vision of helping entrepreneurs to build better businesses to pool their intelligence, connections and capital to create a winning ecosystem. 

Closing Thoughts

The Day One approach to web3 and NFTs is vastly different than most current NFT projects. 

They delivered utility through their product for nearly 2 years first, before issuing an NFT. 

And now, they are allowing crowdfunded owners of Day One to be a part of the exclusive NFT experience. 

Day One will not be reliant on secondary NFT sales to sustain the utility provided back to holders, instead, they have a proven, revenue-generating product as a foundation. 

So if someone believes in the Day One business model, they now have the ability to become an equity holder and NFT holder with a reliance on a proven product. 

Author’s Note: I have been part of Day One for four months as an entrepreneur and can attest to the community, coursework, knowledge sharing and support that’s helped me to grow my own business.