Autor Cointelegraph By Alyssa Exposito

OpenSea monthly volumes top $5B as NFTs continue to mainstream

In the last two weeks, Azuki, Bored Ape Yacht Club, CloneX and Mutant Ape Yacht Club have seen significant increases in floor prices and total sales volume. Over the last seven days alone, all four projects have generated an estimated $365.9 million in value, according to data from OpenSea. While the crypto market is steadily recovering from its lengthy bloodbath, nonfungible token (NFT) marketplaces like LooksRare and OpenSea have consistently generated about $100 million in daily total volume. LooksRare vs. OpenSea daily volume. Source: Dune AnalyticsIt seems that crypto Twitter is expressing their speculation on the recent market pump to blue-chip momentum while others are hopeful their holdings will make their appearance in the upcoming SuperBowl a bag pumping event for their portfolio. While it could be a combination of the two, NFT projects have also been gaining traction with recent developments and steady leaks are driving up each collection’s daily average price. Data shows that the top five collections increased their daily average price by at least 5%, with Azuki seeing a startling 55% increase in the last seven days. Azuki 7-day avg. price / volume. Source: OpenSea AzukiCollectors are opting to take the red bean with AzukiThe Azuki NFT collection entered the ecosystem by alluding to the Matrix with its version of the red pill, dubbing it the red bean, instead. The red bean eventually reveals itself to be an anime-inspired avatar that grants users access to Azuki’s Garden. The anime collection seems to be longdesired as it continues to capture collectors with its art and lore.Azuki’s floor prices rose from substantial 4.29 Ether (ETH) to currently, 11.29 Ether since its reveal on January 21, 2022, making it a 163% increase, according to Dune Analytics. Azuki OpenSea daily floor volumes and transactions. Source: DuneAnalytics @CryptanoThe number of unique wallets that own Azuki’s has also seen healthy growth with a significant driver being its reveal date. Azuki’s top 50 wallet holders reveal that there are a significant number of collectors and the top wallet holds over 150 of the NFTs.The project’s ability to capture collectors’ attention has lent much to Azuki’s success. However, detractors seem to provide a reality check by comparing the project to another anime-inspired collection, 0N1 Force, whose bubble burst quickly after it followed a price trajectory that is similar to Azuki’s.If I was an #Azuki holder with only 1, I’d be nervous right now. This meteoric rise reminds me of #0N1Force and it can’t be sustainable. There must be a pullback for it to maintain such a high price point longterm. Most blowoff tops end with precipitous falls. Be careful.— NF-T. Rowe Price (Not Financial Advice) (@1Bprice) February 1, 2022Community members, perhaps biased, disagree, stating the difference between the two teams is night and day. Time will tell whether Azuki will continue to surge and keep the top spot on the charts for volume or how quickly it can recover from imminent correction. CloneX aims for the top spot in total sales volume CloneX featuring Takashi Murakumi, created by RTFKT studios, has seen a meteoric 381% rise over the past week. Its floor price rests at 17 Ether ($47,158) yet buyers are still flocking to the collection. Although RTFKT studios was acquired by NIKE, that has not stopped the team from banding the community together. For example, this week, RTFKT shared the news of two NFT airdrops this week, alluding to “chapter 2 airdrop szn.” clarifying for RTFKT noobs : 1 Airdrop for Clone owners1 Airdrop for Pods owners. Different airdrops aka 2 Airdrops this week — RTFKT Studios (@RTFKTstudios) February 1, 2022

In the light of these teaser tweets from RTFKT, CloneX holders are anxiously anticipating what could possibly be dropped and preparing themselves for the snapshot on Thursday, February 3, 2022. RTFKT studios will reward holders of either piece of the collection, including CloneX vials, avatars and the spacepods. Apes push above a 100 ETH floor 3LAU is an overall history maker across the NFT ecosystem and the artist made waves again when he purchased the last Bored Ape before the project hit 100 Ether. Since the historic sale, singer Justin Bieber “aped” in purchasing a floor BAYC for 500 Ether, leaving some holders riled, frustrated and confused.Did Justin Bieber get finessed? 500 Eth purchase pic.twitter.com/RRZn3y9irn— threadguy.eth (@DiscoverXnft) January 29, 2022

Whether or not Bieber’s move was a marketing ploy, BAYC has increased its total volume by 113.16% in the last seven days. Yet, it has lost its top spot in total sales volume, falling behind Azuki and CloneX, according to OpenSea. OpenSea’s rival LooksRare is painting a different picture for the collection as it falls further in the charts perhaps due to the persistent wash trading from other collections. The BAYC collection on LooksRare has amassed over $42.1 million in total volume, while OpenSea has generated more than double that amount ($87.7 million) in just seven days. BAYC 7-day average price / volume. Source: OpenSea Bored Ape Yacht ClubAccording to DappRadar, the price point has not deterred buyers. In the last seven days, BAYC has increased the number of traders by nearly 74%. After Bieber made the play to assign what some might consider an obscene value to a floor ape, he displayed what purchasing power looks like when liquidity is accessible. The Apes seem to resonate with celebrities so it may not be the first time we see another whale make a splash. Mutant Apes exploded after the New YearMutant Ape Yacht Club (MAYC) has had a strong start to the new year with its daily average price increasing 40% in the last month. Currently, the floor on the MAYC is at 22.7 Ether, whereas on LooksRare the collection is slightly cheaper at 22.6 Ether, at the time of writing.MAYC 30-day average price / volume. Source: OpenSea Mutant Ape Yacht ClubMAYC seemed to be the ticket to join the club at a fraction of BAYC’s price, back on Aug. 28,2021. However, after the sale of a Mega Mutant Serum worth $3.6 million, the collection’s floor price surged by about 500%. At the time of writing, the collection’s floor price has risen nearly 40% in the last 30 days, with the highest floor price recorded being 26.4 Ether in the last seven days.Mutant Ape Yacht Club 30-day floor prices. Source: NFT price floor MAYC.According to data, there is only 11.4% of the collection listed (2,074 MAYCs) suggesting users could be diamond-handling their bags. With nearly 12,000 unique holders, it seems those who scooped a mutant are waiting patiently for its value to follow that of its parent collection. Greed always is the downfall of the over zealous investor and a possible outcome could be many of these holders and collectors sitting on losses. At the moment, it’s near impossible to determine what is driving the NFT bull market and for this reason, all investors should do their research and make sure they’re not looking for a chair when the music stops. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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NFTs are ‘Stayin’ Alive’ as new minting trends, AI and music-based projects thrive

In 2020, newly launched NFTs projects experienced costly gas wars that are gas priority auctions where buyers battle to secure their spot on the next block, potentially losing Ether (ETH) to failed transactions. In 2021, digital scarcity and utility drove the NFT hype in the constantly surging markets, and toward the end of the year, how much attention any collection received seemed to be at the mercy of influencers’ opinions. I feel you. It’s frustrating especially when tons of good projects with actual value and hardworking teams that don’t just disappear on their community are still so undervalued. Influencer culture invading the NFT space has had a horrible impact for the community.— Satvik Sethi (@sxtvik) October 5, 2021Transitions have slowly emerged and driven new entrants in with new sets of values that not only impact how projects are minted, but what is minted. In 2022, it seems the NFT ecosystem will emphasize “strong communities,” and exclusive collector utility.Strong communities are what makes an NFT project succeed!We admire projects like @SOLgods_ @peskypenguins @SolanaCatCartel & @SolPatrolNFT Whichever project gets the most votes will be swept post our mint and airdropped to random minters!Let the games begin — HOUNDS OF ZEUS – MINT IS LIVE! (@HoundsOfZeusNFT) January 27, 2022

There is no doubt that some shifts in trends have benefited some investors and communities, but there are investors who are meeting these changes with resistance. Let’s take a look at some of the new trends that are driving the pulse of the market and how these transitions could impact NFT investors in 2022. A change in minting strategy Whitelists emerged as a shift in minting strategy after persistent gas wars left many collectors disgruntled and in search of alternatives. Whitelists are structured and modeled to benefit members who are active in the project’s mission and initiatives and holders of particular collections willing to play the game. The pros to this model are that it attempts to distinguish potential community members who will add value in the long-term, while granting them a mint. For collectors, a spot on the whitelist is not only a ticket for early-access on a potential blue chip, but a method to mitigate having to compete with whales who can sweep the collection. However, getting a spot on a whitelist may be good in theory, but it’s not as effective in practice. Whitelisting schemes make it easy for investors and collectors to get lost in the community created hype and the blackhole of “copy-pasta” engagement farming. Some NFT collectors have commented that whitelists are a “double-edge sword” implying that while they provide collectors with early access, it comes at the price of time. Whitelisting processes should (and will) change for upcoming NFT collectionsThese stupid engagement farming ten-step schemes are childish and are a waste of time I (and most people) dont haveCurate a community without over hyping, whitelist discord members at 5 or 10k, launch— 2070 (@Punk_2070) January 22, 2022

NFT collectors are avoiding projects that implement the process entirely, noticing an interesting pattern. NFT gamer and collector, TravisAxie.eth said that some projects’ whitelist spots “were given out far before the launch and kinda been pushing me away from them.”Other NFT collectors highlight issues regarding cracks within the whitelist system. Not only are there an increasing number of bots spamming and detracting community members who cannot be plugged in all day, but it seems projects are relying on these models to avoid public mints. Projects are also strategically partnering with other NFT collections in efforts to become a known name in the ecosystem and also increase the chance of a sellout mint. While whitelists can prevent transaction failures, it seems the community is in search for a more optimal, value-driven way to allocate access. As such, collectors are also diversifying the contents of their respective collections. Music NFTs are ready to break more records Static proof-of-profile (PFPs) were the rage in 2021, but in 2022, communities, companies and entities are searching for NFTs with in-real-life (IRL) functionality and utility. Despite notable PFP collections rising quicker in volume than their music-based counterparts, there’s potential for that to change.Give it a try…Music NFTs won’t bite pic.twitter.com/1v2p57qxG5— Dyl (@famous_dyl) January 21, 2022

On January 21, 2022, crypto pundit and DJ, 3LAU sold his UltraViolet NFT album for $11.6 million in just 24-hours, breaking the record for the first-ever music NFT album release. Blazing through the frontier, 3LAU launched Royal.io, a music NFT platform where users can own a piece of their favorite tunes, earning royalty streams and additional perks.Led by Founders Fund and Paradigm, 3LAU’s platform closed out an impressive $16 million seed round and has since gained the attention of popular musicians. Nas, a well-known American rapper, launched the platform’s first music NFTs on January 11, 2022, for two of his songs, “Rare” and “Ultra Black.” Fans quickly took to Twitter to show support for the platform and many called it a “revolution.” Rising musicians and independent artists are also making waves. Known on Twitter as Latasha.eth, the artist sold a music video NFT to her song “Gogo Wyne” for 13.4207 ETH ($51,623.97, at the time.)Other platforms such as SoundMint allow artists to mint generative music NFTs that bridge the audio and visual relationship based on generative qualities. Giving creators agency over their work seems to be a good bet. NFTs seem to not only be evolving and becoming more dynamic, but they are also getting smarter. Train-to-earn: Intelligent NFTs make a splashThe next evolution of NFTs is the integration of artificial intelligence (AI). This seems to be a move aligned with the burgeoning market of the metaverse as many PFP projects, such as Sup Ducks and CyberKongz, are already creating 3D pixelated versions that exist in digital worlds. Getting closer… pic.twitter.com/1Dd8wx3mck— Sup Ducks (@RealSupDucks) January 22, 2022

It seems collections are upping the ante and integrating intelligent nonfungible tokens (NFTs) as another layer to reward its users with a new model known as “train-to-earn.” Notably, the world’s first intelligent collectibles, Revenants by Alethea AI, are the rebirth of historical and cultural icons. Contrary to the practice of most PFP projects — many of which have 10,000 items — this collection only has 100 items, 70% of which ar already owned. However, its partnering collection, iNFT Personality Pod, consists of 9,800 items and has a floor of 0.47 Ether, with only 18.37% already owned. Users can earn ALI tokens after successfully training their iNFT in their pods to upgrade its intelligence and also contribute to the Noah Ark’s (Alethea’s metaverse) AI engine. Currently, the collection sits at a thin 32 Ether floor ($81,360.64) and has generated over 2,707 ETH (valued at $6.9 million) since its launch on October 14, 2021. The Revenants have not had a sale since December 20, 2021, suggesting the price point is the biggest barrier, however, other projects are emerging right behind it. All-time avg. price and volume. Source: OpenSea Revenants. ASM Artificial Intelligence Football Association (AIFA) is a decentralized blockchain game developed by Altered State Mind, with 40,000 intelligent NFTs as its genesis collection. The in-game NFTs, powered by the ASM genesis brains are known as the AI agents/all-stars. Users had the opportunity to purchase AIFA genesis collection boxes that included 4 AI all-stars and 1 AI ASM genesis brain. Each all-star needs a brain, meaning that despite purchasing a genesis box, players must purchase three more ASM brains whose floor has increased by nearly 13% in the last seven days and sits at a thin 4.5 Ether floor with 37% of all brains already owned. 7 day- avg. price and volume. Source: OpenSea ASM Brains. In total, this collection has generated over 7,073 ETH, valued at nearly $20 million at the current ETH price. All-time avg. price and volume. Source: OpenSea ASM AIFA Genesis.It seems the integration of AI is not only gamifying the model of train-to-earn, but also enables users to unlock another layer of value. This layer suggests the better the iNFT performs, the more valuable it becomes. In the last 30 days, the top three marketplaces, LooksRare, OpenSea, and Solana’s Magic Eden, have generated approximately $14.3 billion, according to data from Dune Analytics. All marketplaces have seen an increase in the number of traders on their respective platforms, suggesting new entrants, new influences and new trends.As trends come and go, it is beneficial for potential investors to keep a pulse of the transitions and the projects that are savvy enough to focus on strong fundamentals and evolution when the paradigms begin to shift.

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Whitelist Watch: Invisible Friends, GooniesNFT, KaraFuru and Troverse

NFT projects have seemed to divert from what once was traditional minting, to now requiring potential buyers to join whitelists to access the pre-sale before the collection goes public. This means investors keen on obtaining a sharper edge aim to get on as many whitelists as possible to potentially increase their return-on-investment when the NFT is eventually sold on the secondary market. CryptoBatz are being minted today on their website for their whitelist holders today for 0.088 ETH ($283.55 USD).Their current floor price on Opensea, 1.99 ETH ($6,412.04 USD).ROI = 2,261.34%What a time to be a whitelister. Who’s got one? #cryptobatz #ozzy pic.twitter.com/YrwUAXSZ4e— Hankus NFT’s (@hankuspankus_) January 20, 2022Navigating through an increasing amount of whitelist prospects can be daunting. Sorting through projects whose aim is simply to “engagement farm” and cash-out versus long-term visionaries and players is time-consuming. It’s turning into lowkey squid games to get onto whitelists and I’m not totally here for it tbh— Tommy Wilson (@tommy_wilson_) January 25, 2022

However, some projects effortlessly create a buzz that resonates deep within the team and community. Here are four whitelists to look out for whose projects are waiting to launch. Invisible FriendsIt’s hard to miss this project, despite its name implying they are invisible. Created by Markus Magnusson, Invisible Friends stealthily entered the NFT ecosystem on November 17, 2021, and has since amassed over 300,000 followers on Twitter.so far so good pic.twitter.com/WYUJcNKKEc— Invisible Friends (@InvsbleFriends) December 2, 2021

Invisible Friends is a part of the “Random Character Collective” known as @RNDMCHARACTERS on Twitter including other NFT projects, James Curran’s Slim Hoods and Lucas Zanotto’s Mood Rollers. The Random Character Collective Discord server has grown to over 250,000 members as many collectors and potential investors have flocked to its channels for a chance to win a coveted whitelist spot, otherwise known in the community as “bing bongs.”Hoping to get a Bing Bong for @InvsbleFriends https://t.co/81pt5vMsIP— Nicks_NFT’s 10yr Old Artist (@NicholasNFT) January 25, 2022

The collection will consist of 5,000 animated invisible friends, who were originally set to mint in January, but has since been pushed to sometime in February. The minute delay leaves some time for investors to snag their limited whitelist spots. According to the Discord, Invisible Friends aims for the project not to have a public sale, suggesting a presale sellout although collectors are limited to one mint per wallet. Since it’s a part of a collective, 2,500 holders of Slim Hoods and Mood Rollers have reserved spots on the whitelists, while other rising NFT collections such as DeadFellaz were given 10 whitelists spots for their respective holders. To date, Invisible Friends has not disclosed its minting price which can create some speculation that it may not be cheap, yet this has not stopped the hype and fandom the project has received. As the community says: #TuestTheProcess (a spelling error that has stayed in play.) GooniesThe Goonies is reminiscent of The Looney Tunes turned into modern day gangsters. The Goonies, are allegedly created by “the minds behind X-Men and Transformers” potentially making it a promising project. Goonies intends to be a metaverse racing game where Goonie owners can earn its in-game token, GANG. The collection is a supply of 8,888 Daffy Duck-inspired Goonies, whose whitelist access rewards early investors at a cost of 0.15 Ether each, whereby public minting will cost 0.25 Ether each. Similar to Invisible Friends, Goonies’ minting date is still to be determined but will occur sometime in February. Another Sneak Peek: Big Blu – Bomber Goon Giving away 10 whitelist spots on this tweet – Follow @GooniezNFT- Like & RT – Tag 3 FriendsWinners will be announced in 3 Days pic.twitter.com/Rx8R7C1f7r— Gooniez Gang NFT (@GooniezNFT) January 22, 2022

It still remains unclear when the presale will occur other than sometime in February where collectors are limited to two Goonies per wallet address. Quickly growing out over 80,000 followers on Twitter and over 100,000 Discord members, it seems the method to a whitelist spot is working. Goonies guides whitelist prospects on its Discord server on “how to whitelist,” and reminds users that meeting the criteria to get on the whitelist doesn’t guarantee a spot since they are “handpicked.”By prioritizing its community, the project reserved whitelist spots for members and provides live updates of the number of spots filled. Currently, the fresh to the scene NFT collection has 931 whitelist spots filled out of the 3,000 reserved for the community.KaraFuruKaraFuru entered the NFT scene on January 17, 2022 and the project is well known for its vibrant colors and has grown hot among art and toy collectors. Since its arrival, it has expanded its social reach to over 68,000 followers on Twitter and its Discord server has over 70,000 members.GM FURUS LIFE IS GOOD! 人生は素晴らしい!Jinsei wa subarashī!Have a beautiful day Furus!#KarafuruNFT pic.twitter.com/VdsrObDtkx— Karafuru NFT (@KarafuruNft) January 25, 2022

Created by the Museum of Toys and an Indonesian artist known on Twitter as @Willy_WD, KaraFuru is inspired by the first and largest toy museum in Indonesia. KaraFuru pulls in a unique niche of toy collectors who are making their way to the NFT market, especially through KaraFuru. The collection will consist of 5,555 toys whose aesthetics are inspired by Japanese culture expressed through 12 character bases. Hey Furus! Get up and put your hands up as we welcome the12 Official Characters from the Karafuru Universe! Karafuru NFTs will have over 1000+ possible combinations of traits.Which Karafuru is your favourite? #KarafuruNFT pic.twitter.com/XFrMdrUNvC— Karafuru NFT (@KarafuruNft) January 25, 2022

Getting on the KaraFuru whitelist isn’t much different than other projects emphasizing much of it around community engagement, and active participation. Centering criteria around presence suggests users must devote a considerable amount of time to stand out from others with the same goal. NFT projects such as CyberKongz and KumoxWorld have received a total of 65 whitelist spots noting that it pays to hold certain collections for whitelist access perks. Troverse Decentralized blockchain P2E game, Troverse is a space exploration, survival game where players own “procedurally generated planets.” The planets are the premium NFT in the game for players to explore in hopes to find other rewards, or collectibles including rare skins, and cosmetic NFTs. Each planet follows the ERC-721 standard and is the rarest in-game item with a supply of 10,000. To celebrate hitting 30k Troversians on Twitter and 20k on Discord, we are dropping a HOT MegaZoom sneak peek!AND we have 2 #giveaways in our Discord for youWe are giving away:5x WL spots1x LFG Emote #NFTEnter here: https://t.co/aciT8jhqnSEnds in 48h pic.twitter.com/vMZAoARvAv— Troverse (@TroverseNFT) January 19, 2022

Troverse seems to have captured the attention of NFT gamers and has been steadily building the project for over a year and half. Troverse has organically grown to over 40,000 followers on Twitter and over 24,000 members on Discord. It remains unclear when the collection’s minting will take place and how much it will cost, but whitelist spots are actively being “given away” for its undisclosed launch sometime next month. Outside of giveaways and contests, those looking to whitelist can work their way up the ranks to obtain an “Elite” role on Troverse’s server or if they are a holder of a “LFG Emote” NFT from the Troverse Specials collection, which currently costs 4.5 Ether and grants the holder three mints. GIVEAWAY REMINDERParticipate in the 2 running #giveaways in our Discord: https://t.co/aciT8jhqnSBoth end in less than 24 hoursDon’t miss the chance to win a highly valuable LFG Emote #NFT or a WL spot!#Troverse LFGs have gone crazy:https://t.co/bqysP6xz75 pic.twitter.com/WdAdO9U7Pe— Troverse (@TroverseNFT) January 20, 2022

In the same vein as other NFT collections preparing to launch, Troverse has strategically partnered and collaborated with other NFT collections and influencers to expand its reach and awareness. While these new whitelisting and pre-sale methods are beneficial to the project, it’s possible that in the end, only a certain class of investor can profit when it comes to sales in the secondary markets.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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3 interesting NFTs launching this week: Cool Pets, Ethaliens and KaraFuru

With crypto prices down badly, NFTs appear to be on a discount which is making it hard for many collectors to resist a good sale. Notable projects like World of Women have recorded their largest sale at 260 Ether ($627,755 at current value.)In contrast, the total volume sales of Cool Cats decreased by nearly 30% in the last seven days. Yet, newly released projects like Azuki are up over 122%, according to data from OpenSea.Another day, another record breaking wow royalty club sale 260 eth. Congrats @worldofwomennft and congrats @WoWPixiesNFT for picking one up on Friday for 135. Savvy investment! pic.twitter.com/dsxxKyVSyf— Konop ? (@konop) January 24, 2022While blue chips are gaining fresh traction, new releases are also making moves and raising excitement among NFT investors. Here are three NFT projects whose launch might be worth keeping an eye on.Cool PetsThe price of Cool Cats might have simmered down since its partnering project, Cool Pets is slated to release on January 28, 2022. Cool Cats has amassed over 100,000 followers on Twitter, CoolPets seems to be a gateway into the community for those priced out of the Cool Cats collection. However, the Cool Pets mint will be 0.5 Ether.Cool Pet owners will be able to interact with their elemental pets, similar to Japanese digital pets, Tamagotchi, Cool Pets will incorporate gamification elements to the experience, also be able to set off on quests with the opportunity to earn rewards making it another “play to earn” (P2E) game.One of the biggest things coming to the Cool Cat ecosystem alongside Pets? Tokens! Here’s an overview:$GOLD will be a Polygon ($MATIC) based token.It will drive in-game transactions and allow for gas fee FREE gameplay.$MILK will be an ETH-based pairing for use on exchanges. pic.twitter.com/z78TWMgRNf— Tacticool.eth ᵍᵐ (@TacticoolCat) December 11, 2021Following a similar model to Axie Infinity’s scholarship program, Cool Cat owners are able to rent out their Cool Pets to non-Cool Cat owners in exchange for a small percentage of the earned rewards.Cool Pets will run on the Polygon network whereby its native GOLD token will be used in the Cool Pets ecosystem. However, Cool Pets will also have an Ether-based pairing token called MILK which will facilitate transactions for larger ticket items like Cool Pets and Cool Cats. MILK will also be a utility token for its fellow NFT project, The Littles, and its ecosystem.Ethalien VOXEthalien VOX is the 3D pixelated version of the Ethalien genesis collection with a supply of 7,500. For five years, each Ethalien will generate 5 STAR tokens per day with a total supply of 69,420,000. Collectors who held an Ethalien before January 20, 2022, are guaranteed a whitelist spot for the pre-sale of Ethalien VOX which is scheduled for January 28, 2022.”Happy $STAR Day”Huge date for the Ethaliens, our utility token has arrived! #EthalienInvasion#NFTCommunity #NFTs pic.twitter.com/AJ3kxMPTvm— 5Dot0ᴺᶠᵀ ? (@NFTNewbie2) November 7, 2021Following the pre-sale, the public mint will launch with a minting price of 0.055 Ether which is more than half of Ethalien’s current 0.09 Ether cost, meaning the upcoming launch is relatively reasonable.What makes Ethalien unique it it enables its collectors to earn STAR tokens beyond holding a genesis NFT. Holders can earn Ethalien through its “Starcade” which allows players holding start to earn more tokens and possibly breed Baby Ethaliens.The project incentivizes users to purchase more Ethaliens since a specified amount of “stardust” is given depending on the number of Ethaliens owned.Stardust is a casino-chip-like token that holders can either gamble with in its “Ethercasino” or use to shop for other NFTs and merchandise.KaraFuruKaraFuru is one of the latest highly anticipated drops and the project’s Twitter account has amassed over 50,000 followers in just eight days. The project creators (Museum of Toys and digital artists WD.Willy) are winning the hearts and potential pockets of many collectors.Hey Furus! ?Get up and put your hands up as we welcome the12 Official Characters from the Karafuru Universe! ?Karafuru NFTs will have over 1000+ possible combinations of traits.Which Karafuru is your favourite? #KarafuruNFT pic.twitter.com/XFrMdrUNvC— Karafuru NFT (@KarafuruNft) January 25, 2022Created in 2019, The Museum of Toys became the first and largest museum of toys in Indonesia. NFT collectors are drawn to the vivid colors of the art and based on the excitement in social media, it appears that NFT collectors are on the edge of their seats.Hey Furus! ?We can’t wait to show everyone what Karafuru is really about. A lot of cool things we’ll release this week and that is everything you have been asking for.GET READY! ?Because this week will be the most colourful week of our lives!#KarafuruNFT— Karafuru NFT (@KarafuruNft) January 24, 2022In the past week, the team has cryptically advised its followers to “GET READY!,” stating it will be the “most colorful week of our lives,” leaving hopeful holders wondering how to get on the whitelist.To be more precise, there are roughly 60,000 Discord members hoping to snag a spot on the whitelist.Although some communities like CyberKongz were given whitelist spots, other potential buyers who want a spot need to be more active in engaging within the KaraFuru community and while this method might not be genuine, it is competitve.It seems with an increasing number of NFT projects on the way, more and more are integrating and building out their point of entry with community engagement as a core focus for whitelisting.Rumor has it that Discord members who are very interactive with other members and actively participate in community initiatives are likely to take priority for a whitelist spot, however that is not a guarantee.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Madonna, Beanie, Rug Radio and CryptoSkulls: 5 NFT events trending on Twitter

There is no denying that pop culture has entered the NFT space in full force. The World of Women collection created by Yam Karkai has followed in the footsteps of Bored Ape Yacht Club (BAYC) by signing with a big-time Hollywood agent, and Madonna was propositioned to buy a blue chip NFT and she might be giving the offer serious consideration.Many new entrants are influenced by celebrity endorsements, yet the community proclaimed “OGs” are bullish on “historical NFTs” and are allegedly not swayed by hype. However, when entrepreneur Gary “Vee” Vaynerchuk purchased “CrytptoSkulls,” a resurfaced 2019 “historical NFT” for 100 ETH, the market for pixelated skulls surged.One of the 1/10 @Crypto_Skulls Skull Lords just sold to @garyvee for 100 ETH pic.twitter.com/PC2TXsFeVo— medved (@mattmedved) January 15, 2022The current rise in attention around historical NFTs, begs the question: Is the historical relevance of the NFT/artifact where it derives its value or, is it just the hype around the narrative? Some projects and entities make history, others go down with it. The hype around history lures investorsOn January 10, 2022, CryptoSkulls re-surfaced into the ether and quickly became relevant as several investors and influencers ran to the collection to take part in holding a piece of history.Self-proclaimed NFT archeologists Adam McBride and Leonidas.eth are known for their extensive knowledge and advocacy of “historical” NFTs. These particular collectors are not keen on the notion of short-term flips, but instead see the long-term value in holding a historical NFT. CryptoSkulls had been at the top of OpenSea in total volume for the last week but has lost its spot within the top 5 on the ranking charts. Nonetheless, the project closed out a total volume of $41.79 million on OpenSea alone. All-time avg. price and volume. Source: OpenSea CryptoSkulls.Leonidas.eth sold the “historical blue-chip”, CryptoPunks, for CryptoSkulls, leaving other collectors wondering if this was some alpha they should get in on. According to CryptoSlam.io, the CryptoSkulls advocate has generated approximately 137 Ether ($444,500) from sales. Just sold my punk to buy more skulls.I’m so proud of the skull community for helping open the door to everything that came before them on the timeline. I’m all in on @Crypto_Skulls and historical NFTs and am not going anywhere.What is dead may never die! pic.twitter.com/oOcxuz7lGr— Leonidas.eth (@LeonidasNFT) January 15, 2022

Gary Vee, notably stole the show stating the importance of long-term plays with historical NFTs, suggesting they could be “the next CryptoPunks.”The niche group of artifact-like NFT collectors warned against “hype,” yet there seems to be an influx of investors into the newly trending “historical NFTs,” especially after notable influencers reiterated their importance. The question is, will historical NFTs last through the test of time? Or will they only periodically have their time in the spotlight for influencers to profit?The World of Women effectThere seems to be growing popularity in showcasing female-led projects, especially after the World of Women (WoW) collection signed with Guy Oseary, the manager of Madonna and BAYC. We have exciting news to share @guyoseary is now WoW’s managerWe’re updating our IP rights to grant YOU complete ownership of your WoW!More information on our Discord.— World of Women (@worldofwomennft) January 12, 2022

WoW entered the mainstream with renewed IP rights and captured the attention and support of celebrities like Reese Witherspoon, Eva Longoria, Gary Vee and Shonda Rimes. Investors seem to be drawn by the celebrity line-up and WoW’s mission, as its largest sales occurred within days of each other. Notable sales were a 210 Ether and 260 Ether transaction. Currently the NFT floor fluctuates between 8.6 Ether to 16.8 Ether and WoW has steadily cemented itself as a “blue chip” contender for NFT collectors.Last 7-day avg. price and volume. Source: OpenSea World of Women.World of Women has opened up space for other female-led projects such as Boss Beauties, Fame Lady Squad and Women Rise to share its spotlight and band in support. Each mentioned collection has seen a rise in both its unique holders and price. The average number of holders among these projects whose collections range from 8,888 to 10,000 pfps, is 4,800. As more owners and co-owners of these women-led projects publicly support the successes of each other, some skeptics believe it’s merely a trend in time. However, with each passing milestone, these female projects seem to cement their place for being more than just “alpha” that will prove to be a profitable long-term investment. Rug Radio aims to pave the way for media in Web3Social media connoisseur and Rug Radio founder “Farokh” aims to build the first fully decentralized Web3 media company. In launching an NFT collection, Rug Radio whitelisted its members for a membership pass that granted them pre-sale access to the token bearing, RugNFT. #RUGFOLLOWRUG https://t.co/2VN6VrzFAo— Rug Radioᵍᵐ (@RugRadio) January 23, 2022

Rug Radio states it’s the “first fully decentralized Web3 media company,” however, BanklessDAO was announced May 4, 2021, and it functions as a “media and culture DAO for crypto.” Integrating “guilds” that represent different areas for individuals to contribute, BanklessDAO has established a structure to properly reward contributors. There’s a lack of clarity on the logistics of how Rug Radio will operate, but it has captured the liking of holders in each crowd’s favorite collections, including Doodles, CoolCats, DeadFellaz, CyberKongz, and yes, CryptoDickButts. Pulling in collectors and investors from various projects suggests that RugRadio not only has strong support but could also have many potential perks up its sleeve. Could the “Queen of Pop” be the next to come “a bored?”What do Gary Vee, Guy Oseary and Madonna have in common? A shared interest in the Bored Ape Yacht Club. Recently, Bored Ape member Lindsey Byrnes casually tweeted at Madonna regarding her Bored Ape that is very reminiscent of the Pop icon’s “Justify my love” album cover. Exactly two weeks after the tweet was sent, Madonna complimented Byrnes’s taste and left the ball in her court saying “’…Ape well chosen. Now what?” suggesting a possible sale.@LindseyByrnes I’m glad you saved it for me. Ape well chosen. Now what?— Madonna (@Madonna) January 17, 2022

Despite falling from the top spot several times this week on OpenSea, BAYC’s daily average sale price has a 7-day average price being 94.5 Ether closing out over 11.8 Ether in volume roughly $28,626.68 at the current value of Ether. Last 7-day avg. price and volume. Source: OpenSea Bored Ape Yacht Club.It seems propositioning the Queen of Pop and her written consideration was enough to drive the collection up by 8.7% within the 24 hours of her sending out the tweet. Imagine the influence of Madonna rocking an ape, or could it possibly be a top signal?Beanie was revealed and then canceled It would not be crypto Twitter without a bit of controversy. Last week, Twitter account NFT Ethics (@NFTethcs) brought forth a lengthy dossier that sparked awareness of the supposed unscrupulous business practices of a popular Web3 investor and NFT trader known as Beanie. Infamously, known for his contentious attitude, Beanie notably has ruffled a few feathers and apparently scammed others. 1/ In this thread we will disclose the identity of one of the (currently) most (in)famous NFT influencers. But before we do that, we first explain our (philosophical) justifications and provide some important disclaimers.— NFT Ethics (@NFTethics) January 17, 2022

Given the nature of the blockchain and maintaining true to the spirit of Web3, NFT Ethics dug through Beanie’s past and the projects he has allegedly invested in. Specifically looking into Monkey Bet DAO by “invariant Labs,” Beanie’s affiliation and investment behavior went from questionable to heightened suspicion as to whether this was the truth. Without missing a beat, DAO members noticed Royal Technologies Gaming (RGT) in various Monkey Bet DAO sites leaving members confused since they believed they were working for Invariant Labs.Raising critical questions and concerns regarding Beanie’s association with RGT, ultimately led to him swinging an iron hammer of “Fudder bans”— a tactic used to manipulate the information shared, and according to him, preserve the “vibe.” 16/ Many OG holders asking critical questions about the project were banned from the Discord. And when Beanie was asked whether he knew RGT, he denied ever having heard of it (see screenshots). But, in actual fact, it turns out he is the owner of RGT. pic.twitter.com/rjhvuK8fyC— NFT Ethics (@NFTethics) January 17, 2022

Upon further inspection, Owlman, the person whose project Beanie decided to invest a “small amount” in, was found to be the general manager of RGT, and not the developer Beanie had proclaimed them to be. Further damning details arose when an ENS domain revealed more shady activity, specifically that the address deployed a scam token called CBET. CBET has been associated with various scam projects including TokenPay. 43/ One of the largest and most prominent crypto scams he has been involved in is the case of TokenPay (TPAY), whereby he pretended again to be an investor, but really was suspected to be acting as the CEO behind the screens. He wrote the WP foreword, see: https://t.co/Oe2utTitIz— NFT Ethics (@NFTethics) January 17, 2022

As more information was revealed, a convoluted picture of deceit and potentially criminal acts was painted. Given Beanie’s infamous track record and history, some investors are rejoicing on what they intuitively suspected, while others are showing remorse. Only time will tell what will come of these allegations, but the controversy has shed some light on how much investors have to lose when blindly listening to anonymous influencers. While not all will use their influence to con others, history can teach us that this particular tiger might not change its stripes.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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