Categories
Money NFT

15 Altcoins to Think About in 2023

Editor’s Note: This article is not intended to be formal financial advice. Always do your own research before investing. Litecoin has been removed and the list now has 14 altcoins.

What’s an altcoin?

An ‘altcoin’ is any coin other than Bitcoin. Why is BTC the crypto-standard? Because it was the first cryptocurrency ever created. So, every coin made after BTC can be dubbed an altcoin.

That seems weird, but when you consider the market cap of Bitcoin versus other coins, it makes sense why it is an outlier. Ethereum, for example, has the second-largest market cap, and it’s about ⅕ of Bitcoin. Why the need for altcoins? Well, Bitcoin is really powerful, but it has its restrictions. A valuable blockchain is created when it can offer something new to the market, just like anything else. A coin needs real world applications in order to succeed.

Here are 15 altcoins to check out in 2023:
Ethereum (ETH)

Let’s start with the natural first-choice for altcoin enthusiasts: Ethereum.

Ethereum is a decentralized software platform that enables Smart Contracts and Decentralized apps (DApps). Their technology allows for the creation of fresh, innovative financial instruments without the need for a middle man. Plus, it’s safe and compliant.

The goal of Ethereum is to make financial products more accessible for everyone. In areas without reliable banking services, users can run Ethereum products to access loans, mortgages, payment platforms, etc.

Cardano (ADA)

Similar to Ethereum, Cardano is popular because it enables financial applications and decentralized apps (dapps). ADA’s value exploded last year, starting as a fraction of a penny then jumping to nearly ten cents a pop.

Cardano is currently the fourth largest crypto in market cap. As another part of its value add, Cardano validates transactions with low-energy costs.

Ripple (XRP)

The sixth-largest crypto, Ripple, is based on the XRP Ledger.

XRP is not based on blockchain, but rather an open-source distributed ledger database. The coin had obvious market appeal before facing serious regulatory issues. According to Financial News Herald, the token price is down more than 60% since Dec. 22 last year when the SEC filed its complaint against Ripple.

The coin is still worth mentioning. If Ripple is somehow able to Lamar Jackson-scramble out of this ‘you are a security not a currency’ blitz from the SEC, the coin has a promising future.

Stellar (XLM)

Stellar is only a few years old but already lands near the top of the list. This coin is pretty similar to Ripple (it was created by Ripple’s co-founder) and has a similar goal of creating a decentralized protocol for digital to fiat transfers internationally.

Stellar effectively connects financial institutions through the blockchain and provides cheap alternatives to foreign exchange platforms.

Tron (TRX)

Tron is an entertainment and content-sharing platform that pays when you post. Try to think of it like the anti-Facebook.

Facebook derives its value from selling your data to third parties. Tron derives its value from paying you currency (that you have full control over). The more valuable that medium of exchange becomes, the more valuable Tron becomes.

Things can get kind of confusing when you break into the deep dapp space, but put simply… Tron is at the center of the Web 3.0 movement. Web 3.0 = building an internet as it was originally intended… decentralized and open.

TRX has grown a lot over the last few years and is currently marked at about a nickel/coin.

Chainlink (LINK)

LINK is an Ethereum spin-off. The technology was built on the ETH network and when you purchase LINK, you also support Ethereum.

LINK is the first of its kind… a decentralized oracle network that connects smart contracts with data from the real world. Purchasers seek out specific data and bidders can provide data securely to purchasers.

Tether

Tether is a stable coin. Haven’t mentioned those yet, have we?

Each tether is pegged to the US dollar, so it is considered a stable-value cryptocurrency (it doesn’t fluctuate nearly as bad). This coin is controversial though. In 2019, it one day included ‘loans to affiliate companies’ as part of its backing.

How is this controversial? Folks purchase Tether to access coins tied to a stable currency like the US dollar but still reap the benefits of blockchain tech. When Tether revealed their coin was also backed by loans to affiliate companies, people felt it was misleading.

Still, Tether is the largest stable coin and an important player in the space.Here’s one common use for fiat-collateralized stable coins: I own 1 BTC. But I think the price of BTC is about to drop by $5,000 USD tomorrow. I am going to transfer my 1 BTC to its equivalent in Tether because I know it is more stable there. When BTC returns to my desired price next week, I can easily transfer my Tether back to BTC.

Dash

As its name suggests, Dash is known for its speedy transaction rate. Once called Dark Money, this financial tool is built for cheap, quick transactions. As their website suggests, you can transact for under a cent in less than a second.

Dash is built on Bitcoin tech, but has more privacy—Dash keeps public addresses hidden. That means senders can remain anonymous. For Bitcoin, it may be difficult to trace a public address to an individual, but the entire world can see every public address. 

Monero

Last but not least, Monero is an altcoin built with privacy as first priority. What makes it unique?

Monero transactions are completely anonymous.

Some argue that’s a bad thing (it is a breeding ground for financial crime), while others consider privacy a rare gem in the modern world. My current browser won’t even let me go on Monero’s website, to show how under-the-radar this crypto is, despite its popularity.

Solana (SOL)

Solana is a top 10 cryptocurrency by market cap nearing $12 billion. The protocol is based on a proof-of-history consensus algorithm. It is designed to be fast and scalable, able to process 65,000 transactions per second.

The blockchain has raised over $300 million to support its development, with prominent backers like Andreessen Horowitz and Polychain.

Solana is responsible for some popular NFT marketplaces like Magic Eden, and even launched a flagship Android phone for web3 earlier this year.

Polygon (MATIC)

The 11th largest blockchain by market cap, Polygon is a Layer-2 blockchain built on Ethereum. Polygon enables Ethereum-compatible blockchain networks to achieve high transaction throughput at low cost. In other words, their native token $MATIC boasts near-zero gas fees and faster transactions.

Polygon uses a variety of techniques to achieve this, including sharding, ZK-Rollups, and Optimistic Rollups. Polygon also provides an easy-to-use developer platform that makes it easy to build and deploy decentralized applications on top of the Polygon network.

Avalanche (AVAX)

 The Avalanche blockchain is a decentralized platform that enables users to create, manage, and trade digital assets in a secure and efficient manner. The platform is based on a novel consensus algorithm that is designed to be highly scalable and resilient to attacks.

The Avalanche blockchain, with a $5B market cap, also features a unique governance model that allows users to vote on changes to the platform.

Cosmos (ATOM)

The Cosmos blockchain is a decentralized network of independent blockchains that are all compatible with each other. The Cosmos blockchain is powered by the Tendermint consensus algorithm, which is a Byzantine Fault Tolerance algorithm that is known for its speed, security, and scalability.

The Cosmos blockchain also has its own native token, called the ATOM, which is used to power the network and incentivize validators to participate in the network.

Polkadot (DOT)

Polkadot is a Layer 1 blockchain protocol that enables horizontal and vertical scalability of blockchains. It allows for multiple blockchains to interoperate with each other, and it supports both smart contracts and decentralized applications.

Sitting at a $7B market cap, Polkadot also enables cross-chain transfers of any data or assets, including but not limited to tokens, without the need for a central intermediary.

Keep in mind, there are thousands of different alt-coins, this is just a good place to start. Every day more coins are entering the market. Some are worthless, others can change the world. Which altcoin is your favorite?

Categories
NFT

Hangout Hawks: Scaled Business Consulting via an NFT

Web3.0 and the NFT space is still confusing for many. At surface level, it seems as though you’re just collecting virtual jpegs with no real utility. Gary Vaynerchuk’s NFT project VeeFriends has been a staple in the Web3 space, distancing itself as a premier NFT project. A huge reason for the growth is the utility that each of these NFTs hold.

<code><iframe width="560" height="315" src="https://www.youtube.com/embed/DmDieez1GYQ" frameborder="0" allowfullscreen></iframe></code>

Purchasers of VeeFriends NFTs are granted tickets to the annual ‘Veecon’, a business conference hosted at U.S. Bank Stadium and featured speakers like Pharrell Williams, Huda Kattan, & Beeple. In addition to receiving tickets to VeeCon, certain VeeFriend characters offer access to other experiences and opportunities. Owning a ‘Facetime Fly’ will give you an opportunity to facetime with Gary for five minutes, a ‘Courtside Cat’ lets you sit courtside with Gary at a New York Knicks game once per year, and Gift Goats get 6 gifts per year until 2024, with the next gift being a meetup in Atlanta with Gary & Shaquille O’Neal.

One NFT that has an invaluable amount of utility is the ‘Hangout Hawk’. This is everything you need to know about the Hangout Hawk VeeFriend and why it’s such a powerful tool.

<code><p class = "twitter-tweet">https://twitter.com/veefriends/status/1573407801858469888?ref_src=twsrc%5Etfw</p></code>
What Is A Hangout Hawk?

There are 10,255 total NFT’s in VeeFriends Series 1, with 125 Hangout Hawk tokens in circulation. Holding a Hangout Hawk will give you access to five, 60 minute virtual hangout Q&A sessions per year with Gary through 2024. These sessions usually revolve around entrepreneurial advice, with Gary giving guidance about how to navigate the business world and building a brand in general. 

Gary has created a well-established brand around entrepreneurship and the challenges that come with the hustle of business. He has documented his journey from starting Vaynermedia in 2009, building one of the largest multimedia agencies in just over a decade’s time. He was an early investor in Uber, Twitter, and Coinbase, showing a clear understanding of how technology drives consumer behavior. 

On November 10th, Hangout Hawk holders got together for the first ever Q&A session. This session revolved around Gary releasing exclusive information around the future of VeeFriends and the space in general. This was still when VeeFriends was in its early stages with the project only being a few months old at the time. Now the sessions usually revolve around people asking Gary business questions, but there are no set parameters for what can be discussed in these sessions. 

The Hangout Hawk holders are getting together for their 6th overall meeting Thursday, October 6th, with nine other meetings left to go. The NFT space is still relatively young, and people are still formulating how to add valuable utility. A conversation with a premier entrepreneur may not be something you can physically hold, but the value it adds is invaluable. This is a practical and effective way that NFT’s can be used to create genuine utility for holders, and I wouldn’t be surprised to see more projects offer experiences like this in the future.

Categories
NFT

A Sega Blockchain Game is in the Works

For 80s and 90s babies, Sega is globally recognized as a longstanding pillar within the world of interactive media. The Japanese publisher/developer’s video game output has resulted in gamers and even non-gamers becoming familiar with one of the greatest mascots in gaming, Sonic the Hedgehog. Sega’s other commendable efforts include iconic home consoles, handhelds, IPs, and a host of other initiatives that have focused on providing unlimited amounts of fun to anyone and everyone. Now the house that Sonic built is looking to delve into another trending venture – web3. In conjunction with the web3 game development studio Double Jump Tokyo, the first Sega blockchain game is officially in the works.

<code><p class = "twitter-tweet">https://twitter.com/doublejump_en/status/1575001274327924736?ref_src=twsrc%5Etfw</p></code>

First things first – let’s explain what Double Jump Tokyo is all about. The company describes itself as a “venture-backed web3 game developer and NFT provider” that’s interested in “re-building the future of gaming with blockchain technology!” Double Jump Tokyo’s previous game releases include My Crypto Heroes, Brave Frontier Heroes, and My Crypto Saga. The studio has also had a hand in creating programs to help other game developers create their own blockchain games via its NFTPlus+ program and has introduced an NFT management system called N-Suite. Sega clearly recognizes the company’s web3 expertise, which is why it has decided to partner with Double Jump Tokyo to work on a joint blockchain gaming project.

Sega

The first Sega blockchain game will come from the Sangokushi Taisen license, which has been secured by Double Jump Tokyo from Sega in order to develop a game that takes full advantage of the Oasys blockchain. That specific blockchain is described as being “built for game developers, offering a high-speed, zero gas fee experience to users by combining the best of public L1 and private L2 blockchain technology solutions.” As for what Sangokushi Taisen is all about, it’s a franchise that started out as a hybrid physical and digital collectible card arcade game that eventually made its way to PC and even the Nintendo DS.

You may be surprised to hear that this isn’t the first instance of Sega partnering up with Double Jump Tokyo. In April 2021, Sega linked up with the web3 studio in an effort to begin selling digital assets attached to many of Sega’s legendary IPs as NFTs. Those NFTs include classic promotional images and even iconic chiptune music from a library of Sega games. It’s crazy to think that we may soon live in a world where Sonic the Hedgehog, Yakuza, and Shinobi NFTs will be a thing. And it’s even crazier to fathom that Sega will be running full speed ahead into its first blockchain game with Double Jump Tokyo at the helm.

<code><iframe width="560" height="315" src="https://www.youtube.com/embed/np5Lya-F7eY" frameborder="0" allowfullscreen></iframe></code>

Here’s hoping Double Jump Tokyo takes the blockchain game route with other notable Sega arcade card games later down the line. IPs such as Mushiking: The King of Beetles and Dinosaur King seem tailor-made for the world of web3 interactive media experiences.

Categories
Finance NFT

How to Choose The Right NFT Project For You

When I first began my journey into the realm of non-fungible tokens—better known as digital assets—I had no idea where to start or how to figure out which of the projects would be the right choice for me. After being in the space for close to a year and collecting numerous NFTs, I believe I have discovered a good way to choose the right project for you and your long-term investment goals.

When choosing the best NFT to buy for yourself and hold long term, it is crucial that you follow these three simple rules:

1. Always invest in NFTs that you like

First and foremost, you should always invest in NFTs that spark your interest. I mean, what’s the point of purchasing something that you don’t actually enjoy? Don’t just look for the “next best” NFT, search for the next best NFT that suits your interests.

Not everyone has the same interests, and not everyone will be able to make the same knowledgeable choice about any one NFT project because we all have different levels of understanding of the category we are choosing to invest in.

For example, if you really enjoy soccer and you know a lot about the players and the teams, it’s safe to say that a soccer NFT project would be a good category to start doing your research on. Or, if you really appreciate modern art, then you should be digging deeper into modern artists and their NFTs.

This first step is the foundation of your decision for choosing the best NFT project for you and your investment portfolio.

2. Do your own research

Who doesn’t love a little research? After you have found an NFT you are interested in, it’s time to get your hands dirty and learn everything you can about that specific NFT. Researching NFTs isn’t as easy as going to the “reviews” section and reading everything that other consumers have posted, but it’s close.

When you sit down to research any NFT, here is what I recommend you try to find as much information on as possible:

  • The creator(s)
  • The community
  • The project (brand)
The creator(s)

I think it’s important to understand that when you invest in a non-fungible token, you are actually investing in the human behind the project. Similarly to when you are betting on your favorite sport’s team, you are betting on the player’s ability to execute, not just a random team of people.

There are a few things that I personally look for when examining the creator behind a project; their past performance and ability to execute, their social status, and their ability to build brand awareness.

If you find a project where the creator has a good track record, a positive social status, and a team that seems to understand how to build a brand, then you are likely on the right path to finding the best long-term NFT for your collection.

The community

Don’t forget about the community! A good NFT project will have a healthy community following them. Signs of a healthy community include an overall positive vibe, helpful people, and a whole lot of communication from the project manager. This communication should include project updates, alerts, and assistance with any problems that community members may face.

Okay, so now you’re probably wondering where you are able to find out more about a project’s community; the answer is simple: everywhere. Allow me to elaborate.

Wherever an NFT project has a presence, you should be there observing, listening, and asking any questions you may have about the project. Some common places where you are able to observe a project’s community is on various social media platforms, Discord, and other media outlets such as blog posts and videos.

Spending a majority of your day simply observing a community is not a waste of your time at all. In fact, I would argue that it is an excellent use of your time that can help you decide if an NFT is right for you or not.

The project (brand)

Finally, the main piece of the puzzle: the project itself. The project—or as I like to think of it, the brand—is arguably one of the most important pieces to the NFT puzzle. The brand is what draws people in and keeps the demand for their assets high.

Branding is generally what draws you into a project, and it is what will continue to command your attention as more and more projects enter the space. When you do your research on a brand, make sure you like the brand and support what they stand for. Also, you should ensure that you thoroughly enjoy the products and services that the brand offers to its consumers, such as yourself. Once you have determined these three important aspects of research check-out, you are one step closer to discovering the best NFT for you and your long-term investment goals. Remember, ALWAYS do your own research.

3. Don’t invest more money than you can afford to lose

The final piece to uncovering the best NFT for your personal situation and interests should not only be considered a rule but an absolute must! Do not invest more money than you can afford to lose. In my opinion, there should be no exception to this rule.

If you invest all your savings into a project with no money to fall back on, you may be putting yourself and your family in a hard spot. Especially if you were to lose all your hard-earned money on an NFT project that ultimately ended up having less value than you had originally thought.

Personally, I try to buy into every project with the thought that the project could go to zero. I know, nobody wants to think that the project they are investing in could go to zero, but that is just the reality of the market.

In my experience, if you follow these three rules, then you will be on the right path to finding the best NFT project for you. The greatest part about following these rules is that you will feel confident and happy with your investments, and you’ll know that you have made the best choice for yourself.

Will NFTs hold their value when investing long term?

When thinking about investing in non-fungible tokens to add to your long-term investment portfolio, you may be contemplating the longevity of NFTs in the macro—rightfully so. This brings us to one of the most commonly asked questions regarding these tokens: are NFTs here to stay for the long term?

NFTs are digital assets that are minted on the blockchain, where they remain indefinitely. These digital assets are exploding in growth and utility across various industries. Social media platforms, influencers, and even big-name brands such as Budweiser, are all beginning to incorporate NFTs into their business.

In my opinion, the fact that these reputable brands are utilizing non-fungible tokens to their advantage is a huge sign pointing towards the continuance of use across all the different industries. Moreover, I believe that the market has already proven that NFTs will remain valuable for the long haul.

The number of people who are aware of NFTs and their potential value is still very minimal. I bet if you were to ask anyone within your inner circle about NFTs, they would look at you like you are crazy. That’s not to take away from the fact that NFTs are here to stay.

My point being: even though many folks are unfamiliar with this technology as of right now, the market is still booming with sales. Not to mention, many of these sales are from unknown individuals who don’t have a reputable brand backing their work, so imagine what will happen when these large companies who have unlimited resources begin integrating non-fungible tokens into their businesses.

In time, it is very likely that more and more people will look to invest in digital assets. As NFTs begin to prove their worth in the business world, the demand to collect these assets will also increase as a result.

In conclusion, finding the right NFT for you and your long-term investment portfolio is important. Remember, before choosing which NFT is best for you, make sure to follow the three simple rules: find what you like, do your research, and never spend more money than you can afford to lose.

Different Types of NFT Projects Available

There are many types of NFTs. The uninformed may think it’s simply art. It’s much more than that. What ties all NFTs: proof of ownership of an asset. All made possible by the blockchain and its universal ledger. Here are some examples:

  • Event Tickets
  • Art
  • Music
  • Photography
  • Films and Video
  • Games
  • Collectables
  • Virtual and Physical Land
  • Virtual Fashion
  • Sports
Categories
Art NFT

‘How to Avoid Gas Wars: 6 Strategies to Know

If you have spent any time in the NFT community on Twitter and Discord or have friends who are buying NFTs, you may have heard of the dreaded ‘gas war’. Due to the thousands of transactions that happen during the release of some of the high-volume NFT projects that are released daily, gas wars happen because of congestion on the Ethereum Network.

What is ‘gas’?

Gas, often measured in ‘Gwei’ (an extremely small unit of measurement for Ethereum. One Gwei = 0.000000001ETH), is the cost necessary to perform a transaction on the Ethereum network. The cost of gas per transaction is determined by the supply and demand of the network’s miners. The more transactions seeking to be fulfilled, the higher the cost of the transaction. Priority is given to those who pay higher gas fees, which is what creates the ‘gas war’.

So what is a gas war?

Minting (which is the term used for creating a new NFT) an NFT collection or drop often happens with large amounts of transactions being entered at the same time. Since a lot of these drops have a limited supply ranging from 1000-10000 items, there are a limited number of transactions that can get approved on the network. Collectors who are competing for a popular NFT drop by a famous artist or brand will pay large amounts to prioritize their transactions. A gas war occurs when these competitors repeatedly pay higher and higher sums in order to have a successful transaction. This results in newer NFT collectors—who do not have the principal capital to pay for large gas transactions—getting excluded from the NFT collection, and often results in the loss of valuable community members.

6 Strategies for Avoiding Gas Wars
1. Presales and Whitelists

As a result of gas wars inevitably taking a toll on NFT communities who commit their time to spreading the word and hyping the project, but end up losing out because of costly transaction fees, creators are coming up with new ways to allow everyone to get a fair opportunity at minting their collections.

2. Mint Passes

Usually available during a few days or weeks, mint passes guarantee the collector the ability to redeem an NFT during the official drop without having to worry about gas wars. Collectors can leisurely buy mint passes as they become available ahead of the NFT drop. These mint passes are usually redeemed through the process of ‘burning’ or transferring an NFT to a specific wallet address. Some creators will take a snapshot (a record of all the holders of a certain NFT) and use that to then airdrop the collection to holders instead of going through the usual minting process.

3. Presales

Presales are often rewarded to early supporters or community members by opening up the minting process early to a select portion of the community (usually done through a whitelist). By breaking up the minting process into smaller categories, there is less congestion of the Ethereum Network during the minting process, which mitigates high gas prices. 

4. Raffles

Raffles and giveaways are done by the creators of collections in order to incentivize community members to stay active and diligent for project announcements. Raffles are a way to randomly reward community members with access to redeeming and receiving an NFT, which enables the collector to bypass the stress of securing a spot during the minting process. 

5. Whitelists

Whitelists are a list of names and wallet addresses collected that allow certain community members to be guaranteed a spot for minting a new NFT collection. There are a variety of ways creators develop whitelists, including community involvement and the early support of other NFT projects made by the creator. Whitelists are a way to guarantee that every person on the list will be able to mint the determined amount of NFTs during the release of a collection.

6. Secondary Marketplace

What happens if you miss the presale deadline or don’t make it onto the whitelist? Instead of forcing your way through the minting process and paying ridiculous fees to mint an NFT collection, a lot of the time creators will not reveal it right away. This reveal sometimes takes up to 24 hours or several days. This allows collectors who missed the presale to still buy into a collection on the secondary market. The most common secondary marketplace for collections is OpenSea. Often times, there will be a premium on the original mint price of the NFT, but the secondary marketplace still leaves an opportunity for collectors to invest in a creator’s project.

Categories
NFT

Foreign Language ENS Names Are Surging – Here’s Why

As adoption of Ethereum broadens across the globe, minting and trading of Ethereum Name Service NFTs is picking up pace.

With celebrities like Anthony Hopkins, Jimmy Fallon and Paris Hilton famously donning their .eth names, sporting your ENS is becoming trendy. Some of the largest NFT sales year to date have come from the 10k Club, with 000.eth recently selling for 300 ETH

<code><p class = "twitter-tweet">https://twitter.com/Blockworks_/status/1544323581026439178?ref_src=twsrc%5Etfw</p></code>

Despite bearish market activity for many tokens and projects, ENS has continued to surge in volume.

Chart courtesy NFTstatistics.eth (Punk 9059)
OpenSea 7 day average volume reduced heavily in May and June. ENS secondary volume currently sits at rank #43 for all time volume, but rank #6 in a 30 day volume.

Why ENS?

Using ENS as a platform for projects gives founders and communities the following advantages:

  • ENS is proven infrastructure, so project founders don’t need to pay money to develop smart contracts or a front end website.
  • Users can rely on the safety and security of the ens.domains app and proven auction sites to buy, sell, and trade, vs connecting their wallets to new, unproven sites.
  • ENS Club usernames are already integrated on most web3 apps.
Drawbacks

Renewal fees: ENS domains require users to pay a fee to renew. Three and four letter renewals can be costly, and many users aren’t aware that a decimal can be placed in front of the 1 on the ENS app in order to customize the registration time below 1 year.

Grace period snipes: Once expired, ENS domains enter a grace period where the NFT is locked and cannot be traded. Other users can pay to renew a domain that they don’t own. If the owner had a listing that drops below the floor price of the collection, once the grace period is extended, it will appear for sale again and can be sniped. Be careful!

ENS.Vision displays top sales, club categories, bulk search and registration tools.

ENS Clubs

The recent ENS craze has been largely driven by ENS Clubs. The 10k Club, a gated community for holders of 3 and 4 digit ENS numbers, was one of the first to introduce the concept. Gem.XYZ allows you to sort from different top volume clubs, ENS Vision has data on floor prices, recent sales, and a useful bulk registration tool for ENS minting to save gas. There is also a useful bot on Twitter to track bids on ENS names.

Gem.xyz

Gem.xyz has a custom property under the ENS Domains tab, allowing you to search for your favorite ENS club projects that have been listed on the platform.

Foreign Language ENS Clubs

ENS users have always been creative regarding minting, but after the rise of the 10k Club, similar communities began to take shape around foreign digits. In May, I wrote an article about Arabic ENS names. Having spent over 15 years tutoring students in the Arabic language, I knew that the phenomenon of the 10k Club would catch on. 

Foreign language clubs have similar benefits to being in a language club at a University. Networking with native speakers, learning language, and evolving memes and culture together are some of the unique features of these clubs.

Current prominent foreign language clubs by total volume: 

999 Arabic (#4 rank overall)

999 Chinese (#12 rank overall)

10k Arabic (#18 rank overall)

The largest ENS sale in a foreign language, to date, are the digits 000 in Arabic. The buyer was present in spaces last week and commented that the latest ENS craze is onboarding an incredible amount of users–and capital–into NFTs. The 999 and 10k Arabic clubs are available on Gem, with more clubs being added every day.

<code><p class = "twitter-tweet">https://twitter.com/Mingyou_Cheo/status/1544628772082593793?ref_src=twsrc%5Etfw</p></code>

Arabic clubs have been popular due to the extensive history behind their usage not only in Arab countries, but Persia, Ottoman Turkey, and other Asian, African, and even European countries. Low digit license plates command premiums into the millions of dollars in places like Dubai and the United Arab Emirates. Other elite numbers, such as phone numbers, also command a premium.

YallahHabibi.eth
Crypto Bitlord famously changed his profile picture to a “Habibified” version – adding the traditional Arabic Keffiyeh, a meme created by YallahHabibi.eth.

With a healthy balance of networking, cultural advocacy and trendy memes, the Arabic 999 Club is the current foreign language leader among ENS clubs.

Passport Clubs

Using emojis, many users are minting names with symbols and then a series of numbers. These are considered some of the more speculative plays in ENS right now. Remember, anyone can form a community around a subset of ENS names, so make sure you do your research and ensure the community you are joining has longevity and a diverse set of users. A quick check into wallets holding these NFTs can tell you if there’s just a few whales hoarding the project. ENS Vision also lists the amount of holders per listed club, and they won’t list clubs with the supply concentrated in too few hands.

An example of the Indian flag, with the digit 1, selling for 10 eth:

<code><p class = "twitter-tweet">https://twitter.com/008_eth/status/1544544527435833344?ref_src=twsrc%5Etfw</p></code>

Unicode – Always check!

The ENS app has very few restrictions on what can be minted. For example, spaces between words are not allowed. But, most characters are fair game. Most ENS names are in the Unicode format. Copy and paste the characters you plan to mint or buy into a Unicode search tool and compare them to prior successful sales with the same club to make sure they’re correct.

Example 1: Arabic and Persian digits 0, 1, 2, 3, 7, 8, 9 look exactly the same. Wikipedia has a useful template with both Unicodes side by side.

Example 2: The flags for the USA and the US Outlying Islands look exactly the same. Emojipedia is a good resource to look up Emojis and compare to the correct collections. 

Goro
Goro Ishihata explains the Japanese numeral system. Goro is a digital artist and NFT Guru from Japan.

Befriend a Native Speaker

Using ENS in foreign languages is a great opportunity to connect with native speakers. You’ll find many users in the different ENS Clubs on Twitter, Discord and other social media platforms. Start in the Discords you’re already in and see if there’s a community member you’re already familiar with who you can bond with and learn some language skills!

Chinese numbers, for example, do not always have single characters for each number, as traditional Western numerals do. It’s always the safest bet to check in with a friend before buying or minting.

Future Interest

The recent ENS foreign language domain hype continues the renaissance of art, culture and language that NFTs have created. From curious types experimenting in web3 to pure speculators, users of ENS are experiencing the benefits of an interconnected world. Due to the secure features of the ENS platform, it’s likely to see continued interest in ENS from a worldwide audience, and it is probable that ENS may become a strong competitor to top crypto projects in volume, adoption and new use cases.

Categories
Music

The D.O.C. Discusses “NFTs With Attitude” Project and Rap’s Generational Gap

Among the many quotes and beliefs that have existed in hip-hop, only fewer lived longer than “it’s a young man’s game.” And while it may be accurate due to the youth being the culture’s most active participants, a veteran and legend such as The D.O.C. often serve as a reminder of how the past can impact the present and future.

<code><p class = "twitter-tweet">https://twitter.com/nftwithattitude/status/1532719340889313281?ref_src=twsrc%5Etfw</p></code>

Alongside prolific videographer Matthew McDaniel, the proud West Coast duo has partnered with Hip Hop Archive and NFT Genius to release NFTs With Attitude. Consisting of 200+ hours of never been seen footage of legendary hip-hop group N.W.A. and South Los Angeles, the NFT collection offers fans a chance to get a greater glimpse at the times and environment that influenced their music and lives.

“Way before the music became popular, McDaniel had the vision to document what was happening around us,” D.O.C. said. “So he’s finally letting some of that footage go and the people who loved those guys [N.W.A] will see cool stuff.” Even in 2022, hip-hop is still adjusting to letting its legends and environments be seen more intimately. But given the success of various documentaries, podcasts, and biopics, NFTs offer another step in encouraging the culture to advance.

“It’s beautiful,” The D.O.C. said as he briefly overlooked the gloomy view of the Hudson River. “People don’t always see the behind-the-scenes stuff which ultimately brings us together.” A perspective like this is not only at hand when it comes to integrating NFTs in hip-hop but in another prominent area: Age.

<code><p class = "instagram-media">https://www.instagram.com/p/CewcMpdJ09C/?utm_source=ig_embed\u0026amp;utm_campaign=loading</p></code>

While hip-hop sees its most active participants on the younger side of things, primarily because of the influence and power of the dollar, it doesn’t mean a generational gap should exist. NFT projects such as this D.O.C. and McDaniel-led endeavor provide all millennial and Generation Z rap fans the opportunity to initially learn or gain greater context about those before them and why their impact still exists.

“Our connection between this generation and my generation isn’t what it should be,” D.O.C. said. “But with all of these opportunities, numbers, etc., we should be to come together and win since there’s enough for everybody.”

Categories
Sports

Terance Mann Explains His Interest In NFTs And Why The NBA Will Embrace It

Even in an environment where nearly everybody was a celebrity, those in attendance at the Krause House 3V3 basketball tournament couldn’t help but be excited when Terance Mann arrived. Not only is the fourth-year player/critical contributor of the Los Angeles Clippers talented on the court, but he’s exhibiting the same dedication to the NFT space— a slowly but surely trend amongst his NBA peers.

<code><p class = "instagram-media">https://www.instagram.com/p/CfH7QOsriQi/?utm_source=ig_embed\u0026amp;utm_campaign=loading</p></code>

“It’s been a great week seeing everyone with their NFTs, networking, and learning more about the space,” Mann told me. Throughout this week, the Brooklyn, NY native was busy— ranging between speaking about sports leagues and their intellectual property on a panel during Tuesday’s session at NFT.NYC and further building with Chibi Dinos, the very popular basketball NFT project he joined in April.

And while other NBA players and athletes are getting into NFTs (Spencer Dinwiddle is a co-founder of Calaxy, and Ben Simmons is a Perion ambassador), it’s still uncharted territory for those who are either novices or don’t understand it. But upon speaking with Mann and others this week, I learned that one of the following steps with NFTs is making it more accessible and easier to understand– a sentiment the LA Clippers guard believes too.

“For so long, not many people understood how accessible it is,” Mann said. “But when you’re in a setting like this [NFT.NYC], especially for a week, it helps out a lot.” As sports fans learn more about NFTs and their impact on the games they love– between how tickets get bought and the rewards they’ll earn– Mann lastly expressed how it won’t be a surprise when it significantly changes leagues of the NBA’s caliber.

“When you look at the trends of what’s happening digitally, it’s only going up. So you shouldn’t be surprised when the NBA, MLB, and others will further embrace it.”

Categories
NFT

Huda Kattan Wants to Empower Women Through NFTs

Huda Kattan loves taking her passions to the next level. She took her love of makeup and turned it into Huda Beauty, a billion dollar makeup empire. To this day, her makeup and beauty products are stocked in more than 1500 stores worldwide. 

Now, she has another passion— web3 and NFTs

Kattan first entered the web3 space toward the end of 2021 when her husband sent her an NFT as a gift.

The NFT was World of Women, a collection currently revolutionizing the male-dominated NFT space through its art, diversity, and community.

Both her and her husband loved that the collection aligned with Kattan’s values.

“The World of Women community celebrates representation, inclusivity, and equal opportunities for all, something I’m also super passionate about,” she said in a recent blog post. “So choosing to support artists from the World of Women community felt super authentic and natural to me.”

<code><p class = "instagram-media">https://www.instagram.com/p/CZKqB9lBwtJ/?utm_source=ig_embed\u0026amp;utm_campaign=loading</p></code>

Afterwards, she started to become more intrigued and did more research on NFTs, cryptocurrencies, and the metaverse.

“NFTs have given us the ability to distribute wealth in a way we’ve never seen,” Kattan said. “You can mint a project for hundreds of dollars and then later sell the asset for hundreds of thousands of dollars.” 

Some of her favorite NFT projects include Dead Fellaz, Doodles, and Bored Ape Yacht Club

While she already had a growing interest, Kattan said it was a conversation with a woman she met in the investment space that ultimately led her to fall down the rabbit hole completely.

“She was telling me about how there’s not enough women,” Kattan said “And that kind of pissed me off.”

That was when Kattan decided that she wanted to make waves in the NFT space and prove that women deserved a seat at the table. 

Getty Images

What Huda Kattan Looks for in an NFT Project

Kattan is excited about innovation, but she’s also realistic.

“That redistribution of wealth [through NFTs] is fascinating and I think it is wonderful and needed,” Kattan said. “But, the reality is not every project is going to that.”

She says not every project is going to succeed, and that’s okay. But, it’s important to do ample research to see if a project has potential.

The first question the beauty maven says she looks for when looking at an NFT project is: What is the utility?

Huda Kattan

I’m not into just the profile picture. There are projects that resonate with me, but these are also assets. We can’t forget that.

When she mentions utility and non-fungible tokens as assets, she’s referring to the value that an NFT project returns to its owner for buying and holding longterm. 

Depending on the project, holders can be rewarded with exclusive access to merchandise or in-person events, membership in private communities, opportunities to be airdropped other NFTs, and much more.

“When an NFT has utility,” Kattan said. “It’s not just a pretty picture, it becomes so much more than art.”

The Future of NFTs and How Its Culture Will Evolve

Kattan says realistically, it’ll take time for mass adoption to happen. 

“The market is scary right now,” she says, referring to the current bear market. “We hear all these stories of people making money, but there’s another part that people think it’s a sham. It’s still very intimidating.” 

She thinks that many women still don’t feel confident in the crypto space and wants to empower women to get there.

I think it’s going to be a slow change,” Kattan said, citing the lack of female representation at VeeCon. “But women coming to events like [Veecon] is very important.”

<code><p class = "instagram-media">https://www.instagram.com/p/Cd_PudXvrpm/?utm_source=ig_embed\u0026amp;utm_campaign=loading</p></code>

On Beauty Brands Entering the NFT Space

With many beauty and makeup brands making announcements to enter the metaverse or create their own NFTs, Kattan thinks it’s important for brands to actually have genuine knowledge of and interest in web3 before jumping into the space.

“In my very humble and honest opinion, I don’t think they know what they’re doing in the space right now,” Kattan said. “They want to be relevant, to be seen, to be a part of the next generation of where the world is going.” 

However, she says that’s not enough of a reason to be in it.

“The space is so new and changing, in a year it’s going to be different,” she said. “So if you’re in it just to be in it, it’s really a big mistake.” 

When asked if she has an NFT project for Huda Beauty in the works, Kattan says she is taking her time to bring something of value.

“I want to launch a project for Huda Beauty, but I have a vision for what I want to give to my community,” she said. “It’s going to be all about THEM, not the company.”

She said many companies are not approaching NFTs the right way, but she will when the time comes. 

“I think when we end up doing NFTs,” Kattan said. “We’re not going to be doing what everyone else is doing.”

Watch the full interview with ONE37pm and Huda Kattan at Veecon here:

<code><iframe width="560" height="315" src="https://www.youtube.com/embed/kDjjHUlXeu4" frameborder="0" allowfullscreen></iframe></code>

Categories
Art NFT

The 15 Most Expensive NFTs Ever Sold

These are the top 15 most expensive NFT sales as of May 2022. As the NFT market continually and inevitably changes through time, record sales will change rapidly. These stats were reported based on the ETH price at the time of the sale. Many of the top sales were through NFT marketplaces such as Opensea, SuperRare, Nifty Gateway or through private auction.

15. Ocean Front ($6 Million)
Nifty Gateway

“Ocean Front” by Beeple was sold for $6 million in March 2021. The piece of art aims to speak to the current earth’s climate change issue. All proceeds were donated to the Open Earth Foundation, a non-profit organization that is raising funds to develop innovative open digital infrastructure for improved management of planet Earth.

14. All Time High ($6.2 Million)
XCOPY

This animated image, by artist XCOPY, sold for about $6.2 million (1,630 ETH) in January 2022. Its previous sale was sold at $2.9 million. It is currently listed for 33666 ETH.

13. CryptoPunk #8857 ($6.63 Million)
Crypto Punks

CryptoPunk #8857, a zombie punk with 3D red-and-blue glasses sold for 2,000 ETH ($6.63 million) in September 2021. Its last sale was $1,717 in May 2018.

12. Beeple’s ‘CROSSROAD’ ($6.6 Million)
Nifty Gateway

The 1/1 from Beeple’s ‘CROSSROAD’ drop on Nifty Gateway was resold on the secondary market for $6.6 million. The NFT shows former President Donald Trump lying in a heap after losing the 2020 presidential election. 

11. Right Click Save As ($7.02 Million)
SuperRare

‘Right Click Save As Guy’ was sold for 1600.0 ETH ($7,022,000.00) to Twitter User Cozomo De Medici, who many speculate is rapper Snoop Dogg. It was made as satire to people who are skeptical of NFTs, saying, “Why would I buy it when I can right click and save as?”

10. Ringers #109 ($7.12 Million)
Dmitri Cherniak

Ringers #109 was purchased for 2,100 ETH or $7.12 million in early October 2021. It is currently the largest Art Blocks sale to date.

9. CryptoPunk #7804 ($7.56 Million)
CryptoPunks

This pipe-smoking CryptoPunk sold in March 10th, 2021 for 4,200 ETH, the same as Punk 3100, but the ETH was valued at approximately $7,566,173.88 USD at the time of sale.

8. CryptoPunk #3100 ($7.58 Million)
CryptoPunks

CryptoPunk #3100 was purchased on March 11th, 2021 for 4,200 ETH, approximately $7,584,485.82 USD. This broke the record set by Punk 7804 the previous day.

7. CryptoPunk #4156 ($10.2 million)
CryptoPunks

CryptoPunk #4156 sold on December 2021 for 2,500 ETH ($10.2 million). It was previously sold for 650 ETH on February 2021.

6. CryptoPunk #7523 ($11.8 million)
CryptoPunks

CryptoPunk #7523, the only punk in the collection with a mask, sold for at Sotheby’s sold for $11.8 million in June 2021. It is one of nine rare Alien Punks.

5. CryptoPunk #5822 ($23.7 million)
CryptoPunks

The sale of CryptoPunk #5822 serves as the biggest CryptoPunk NFT purchase in history. The NFT was purchased by Deepak Thapliyal, the CEO of Chain for 8,000 ETH (approximately $23.7 million USD).

4. Beeple’s ‘Human One’ ($28.9 million)
Christie’s

‘Human One’ is Beeple’s first-ever physical sculpture that evolves over time. The seven-foot-tall box-like sculpture features four large LED screens depicting a helmeted astronaut jaunting rhythmically through dystopian environments.

The sculpture was auctioned off as part of Christie’s 21st Century Evening Sale in November 9, 2021 for $28.9 million USD. Beeple maintains remote control of ‘Human One.’

3. ‘Clock’ by Pak and Julian Assange ($52.7 million)
Pak

Clock’ is a piece created by Pak and Julian Assange. It is an NFT clock counting the days of WikiLeaks founder Assange’s controversial imprisonment.

The goal of the NFT was to raise funds for the Wau Holland Foundation, Julian Assange’s legal defense. It was purchased by AssangeDAO, a group of over 10,000 Assange supporters, for 16593 ETH ($52.7 million).

<code><p class = "twitter-tweet">https://twitter.com/ChristiesInc/status/1361670588608176128?ref_src=twsrc%5Etfw</p></code>
2. Beeple’s ‘The First 5,000 Days’ ($69.3 Million)

Beeple’s ‘The First 5,000 Days’ sold for a record $69,346,250 on March 11th 2021. It was the first piece of purely NFT artwork to be offered by a major auction house.

1. Pak’s ‘The Merge’ ($91.8 Million)
Pak

Digital artist Pak’s Merge drop on Nifty Gateway set the world record for most expensive NFT ever sold in December 2021 when 28,983 collectors pooled $91,806,519 to purchase 312,686 units of mass.

The Merge collection allowed collectors to buy as much units of mass as they wanted during a two-day period. At the end of the sale, owners of mass obtained an NFT that merged all the mass accumulated by each collector.