Imaginary Ones (IO) is a collection of 8,888 unique NFT designs that feature delightful 3D animated art.

The creators of Imaginary Ones aim to inspire individuals to embrace their creativity and pursue their dreams by transporting them to a magical world where imagination and magic combine. Additionally, more than 6,000 IOs are staked, which can lead to various exciting rewards. The collection is built on the Ethereum blockchain, and the creator earns a 5% commission.

Created by award-winning creative director Clement (Cmttat), Imaginary Ones is a brand that caters to individuals of all age groups. The collection offers a range of high-quality [NFTs](https://opensea.io/collection/io-imaginary-ones/activity?search%5BeventTypes%5D%5B0%5D=COLLECTION_OFFER) that are not only visually appealing, but also offer long-term utility within the Imaginary World ecosystem.

Holders of Imaginary Ones [NFT](/news/article/twelvefold-nft-collection-from-yuga-labs) can look forward to more exciting high-quality collections that provide long-term value. The brand's focus on creativity and innovation ensures that each collection is unique and appeals to a broad audience. Additionally, the long-term utility of the NFTs within the ‘Imaginary World’ ecosystem ensures that they remain relevant and valuable over time.

## Staking IOs for exciting rewards

[Imaginary Ones](https://imaginaryones.com/) offers a staking feature where users can stake their IOs and earn rewards. More than 6,000 IOs are staked, and users can earn rewards such as access to exclusive content, early access to new collections, and discounts on future purchases. The staking feature rewards loyal users and creates a community that shares a passion for art and creativity.

Moreover, the Imaginary Ones collection is built on the [Ethereum](/news/article/eth-shanghai-upgrade-postponed) blockchain, ensuring that each NFT is easily verifiable and tradable. This makes it convenient for collectors and enthusiasts to buy, sell, and trade NFTs on various marketplaces.

Additionally, as the creators of Imaginary Ones earn commission, it helps support the development and growth of the collection.


imaginary ones nfts in front of pink background image of more nfts

Imaginary Ones NFT: The Potential 

As the crypto market undergoes a muted recovery, several projects are going into presale. One such project is [Big Eyes](https://bigeyes.space), a new DeFi project that features a meme coin dabbling into the world of non-fungible tokens (NFTs).

Many meme coins have been developed since the Doge meme coin Shiba Inu became the most successful. Apart from the Shiba Inu coin, none of the other Doge meme coins found much success in the market. Some started well but got destroyed by the crypto winter of 2021-2022.

## Big Eyes crypto: The appeal

What makes Big Eyes crypto different from all the other meme coins? Firstly, Big Eyes has deviated from the dog-themed memes and has gone the way of the cat. Older meme coins in the market were patterned after [Dogecoin](/coins/doge), its leading promoter Elon Musk, or the famous Shiba Inu dog breed that represents the logo of Dogecoin.

Secondly, in trying to avoid the pitfalls of other meme coins, which were just copycats of Doge without offering anything substantial of value to the crypto ecosystem, Big Eyes crypto has come up early with a concept of being a [DeFi coin](/news/article/debank-defi-tool) with an imprint in the NFT world.

Thirdly, Big Eyes also has a charity component to its ecosystem. It has a background theme rooted in environmental preservation, specifically the recovery and preservation of the world's oceans, currently riddled with plastic and other waste products. Climate change and environmental conservation are presently on the front burner of today's discussions among the world's leaders and captains of industry.

So Big Eyes is not all about creating the next big meme coin and serving as a platform for tomorrow's in-demand NFTs, and this separates it from the older meme coins in the market.

## What is the concept of Big Eyes crypto?

Big Eyes aims to self-propagate itself via NFTs. [Uniswap](https://uniswap.org/) is the designated decentralized exchange (DEX) where the Big Eyes token will be sold after launch. All NFTs sold will be subject to a 10% withholding charge, of which 4% goes to the original seller, 5% to the holders, and 1% to the charity wallet.

The project's tokenomics shows that the community will own 90% of the tokens. The rest will be split between a Visible Charity Wallet and a marketing wallet on an equal basis. The tokens destined for the community will be sold during the presale (70%) and on exchanges after launch (20%). The charity wallet will hold tokens that will eventually be sold and used as contributions to efforts to save the world's oceans.

## How to join the Big Eyes crypto presale

The presale is currently on, with the project's presale website reporting that it has raised more than $29 million. You can buy into the presale using Binance Coin, Ethereum, or Tether (USDT). You must connect your browser-based MetaMask wallet or Trust Wallet to pay for the subscription directly from your wallet once you connect it to the presale page. Mobile purchases must be made using the Trust Wallet.

Currently, 1 USDT can purchase 2028.99 BIG tokens. There are still 7.23 billion of these tokens available as of writing. The project's next stage would be its launch, where tokens will be sold at six times the presale price. The Big Eyes crypto price prediction is that it will eventually hit $1, 10,000 times the presale price.

While these projections may look ambitious and mouth-watering, considering that Shiba Inu did a 10,000% appreciation run, remember that projections do not guarantee future returns.

Gone are the days when people jump into a meme coin and pump it by thousands of percentage points. This time, an attractive use case must focus on Web 3.0 projects such as the Metaverse. Therefore, the team behind Big Eyes must find a way to direct their project to these growth markets and find innovative ways to capture the essence of its environmental protection goals.


big eyes NFT logo on image of NFT on a computer desk with pink filter

Big Eyes Crypto Presale Explained 

[Lil Pudgys](https://pudgypenguins.com/) is a collection of 22,222 unique NFTs. They are cute hand-drawn baby penguins that stand as allies of the popular Pudgy Penguins fighting the evil bears of negativity. They are available on the Ethereum blockchain.

## Traits

The NFTs have nine different attributes that contribute to their rarity. They include background, skin, body, face, head, right flipper, left flipper, legendary, and Pudgy knight. Most of the Little Pudgys have five traits, while few have one. Those with a single trait are the rarest, which boosts their price.

## Genesis

The non-fungible tokens were launched as a second-tier collection. They came with some of the perks of the first-generation collection. 

Their holders, for example, receive exclusive access to experiences, events, and IP licensing opportunities.

During their launch, they were distributed in two ways; 13,334 were placed in a public sale, while 8,888 were freely claimable for all Pudgy Penguin holders on their official website.

## Latest news

On 25 January, 2023, it was announced via [Twitter](https://twitter.com/pudgypenguins/status/1618288231552004100?s=46&t=R1xJskoeI803EEIhyRn8OQ) that the Lil Pudgys NFTs are officially cross-chain. They can now travel seamlessly between [multiple chains](http://media.pudgypenguins.com/post/lilpudgys-crosschain) starting with Polygon, [BNB Smart chain](/news/article/bnb-chain-security-system), and Arbitrum. 

The three chains were selected due to their rapidly growing usage and exposure. There are plans to expand to more chains.

## Where to buy them

The non-fungible tokens can be bought on several NFT marketplaces, including OpenSea, Rarible, LooksRare, and their official marketplace. Their current floor price is 0.63ETH, according to [OpenSea](https://opensea.io/collection/lilpudgys).

Compared to their predecessors, the NFTs are pocket-friendly, pricewise. They enable anyone to enter the NFT space without breaking the bank.

## Ecosystem

The digital assets are a part of the expanding Pudgy Penguin ecosystem. The ecosystem also boasts toys, a children's book series, merchandise, apparel, Pudgy Rods, another NFT collection, and truePengu, a non-tradable token that categorizes each community member into a specific coveted class. There are three truePengu tokens, Ice truePengu, iridescent truePengu, and Gold truePengu.


pink image of lil pudgys nft collection penguins all on boats in the arctic

Lil Pudgys Explained

The non-fungible tokens market has kept on evolving since its inception. However, at times you may feel that most projects do not have an ecosystem that enhances the utility of the NFTs. One popular project, Azuki NFT, has introduced a diverse ecosystem that offers many benefits to you.

The project takes on a relatively uncommon theme of NFTs: anime. Recently, it started gaining traction in the digital art space and is among the top five projects. 

This article will help you learn why the platform makes waves and its unique features.

## What is the Azuki collection?

[The Azuki NFT project](https://www.azuki.com/gallery) is a collection of around 10,000 digital art pieces. It follows the anime aesthetics and creates its own world. These art pieces are hand-drawn and tokenised on the blockchain, working as an avatar for you. It changed the market as it did not follow the trend of pixelated or animal characters.

It has shaped a Web3 environment for artists and collectors to promote decentralisation for NFTs. The Azuki NFT collection is one of the subprojects of an ecosystem built by [Chiru Labs](https://www.chirulabs.com/). Other projects in its ecosystem include Beans, Masks, skateboards, and gates. 

Each Azuki character exhibits different features. The platform describes each one in terms of 12 traits, including background, type, headgear, clothing, offhand, and other facial features. In addition, each one has such characteristics that it becomes a part of the Azuki lore.

## The origins of the Azuki NFT project

Chiru Labs is based in Los Angeles. The firm’s founding team is anonymous and hails from the crypto, game development, and technological background. The pseudo-anonymous, Zagabond, who is also a crypto expert, leads the team.

![azuki.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/azuki_85df44ab72.png)

[Source](https://www.azuki.com/garden#section1)

The project aims to form a decentralised [Metaverse](/news/article/how-to-invest-in-metaverse) ecosystem comprising various DAO projects. For this reason, the firm introduced Azuki NFTs, which is a foundational collection for its Metaverse. 

The manifesto for the Azuki NFT project includes three fundamentals. The first is the community-first approach which eliminates centralisation. Secondly, it aims to bring creativity and novelty to the [NFT market](/news/article/nft-art-marketplaces). This is the reason it quickly became a trendsetter in the industry and inspired many projects to opt for the anime genre. Lastly, it preaches trusting the process.

What makes Azuki unique is that it has become a brand in the industry. The brand-forward approach has helped it achieve instant success and growth in the market. Plus, the project is still planning to offer its merchandise, [P2E games](/news/article/play-to-earn), and other related projects to provide more value to its community.

## The world of Azukis

![azuki2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/azuki2_ceac146490.png)
 
[Source](https://www.azuki.com/world/hilumia)

The Azuki NFT collection is part of a decentralised Metaverse ecosystem. Therefore, it is not wise to look at the project in isolation. 

It introduces you to the world of Azukis, based on its own storyline. In addition, its ecosystem is built around "The Garden", part of the virtual world the project is building.

Buying an Azuki NFT will give you access to its Garden, but you must find a secret portal in "the Alley" to enter the Garden. You can only find the portal if you take the rarest red bean.

Another island in the Azukis’ world is “Hilumia". You will find numerous exciting destinations like MODA, Ember Square, 56 Fitness, Hilu Hall, Liues Arcade, and others here. In all of these destinations, you can socialise with other Azukis. 
All-in-all, the world of Azukis connects the real world with the virtual one, offering you various benefits.

## Azuki NFT price

At the time of this writing, the floor price of Azuki NFT is 14.79 ETH. Its trading volume in the past 24 hours was 3,601.8 ETH, and 235 NFTs were sold. In addition, the total floor cap of the project is 147,900 ETH.

In the short history of Azukis, the most expensive collectable has been a gold-plated skateboard. It sold at auction for 309 [ETH](/coins/eth). 

The data from [NFTPriceFloor.com](https://nftpricefloor.com/azuki) shows that the current ranking of the project is #5. Moreover, the project has surpassed big players like [Bored Ape Yacht Club](/news/article/bored-ape-nft) and [CryptoPunks](/news/article/jay-z-cryptopunks-nft). It speaks for the popularity of the project, which was introduced in January last year.

![azuki3.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/azuki3_f9c953e961.png)
 
[Source](https://nftpricefloor.com/)

It is available on almost all popular marketplaces and continually attracts art collectors. Also, it is ranked among the top 5 collectable projects on [OpenSea](https://opensea.io/). 

## What benefits do the Azuki NFTs offer?

Owning an Azuki anime NFT offers many benefits. These include:

1.	It gives you an avatar that you can use on multiple platforms.

2.	It makes you a member of its decentralised autonomous organisation (DAO), which gives you access to many exclusive events. 

3.	It allows you to interact with a like-minded community that believes in decentralised Metaverse.

4.	You can also be part of multiple subprojects from the Chiru Labs.

5.	In the future, the platform will also introduce its Web3 games that you can play with your Azukis.

6.	It is one of the most valuable projects in the NFT space, which can give you financial benefits.

## Bottom line

The Azuki NFT collection is ranked among the top 5 projects in the industry. It was launched last year and has gained instant popularity. There are several reasons behind that. 

One is its branding which is targeted toward anime fans. Another reason is the ecosystem of NFT projects by Chiru Labs. It allows you to get accessories like skateboards for your Azukis.

This project has captivating lore, and each collectable can become its part. Meanwhile, plans are in the pipeline for transforming the ecosystem into a decentralised Metaverse. 

So, it's a worthwhile exploring project if you are a collector or an otaku!


Azuki NFT: Anime-Inspired Digital Art 

No stranger to controversy, Madonna, who's been turning heads for more than 40 years on matters of entertainment, business, and sexuality, is at it again. In partnership with the artist Mike Winkelmann of the Beeple NFT fame, she's lately released a series of NFTs.

## Madonna embraces blockchain

Pop superstar Madonna's entry into the world of non-fungible tokens (NFTs) last March 2022 caught many fans by surprise. She forked out 180 ETH, worth a whopping $560,000 at that time, for a tattooed NFT ape from the Bored Ape Yacht Club ([BAYC](/news/article/bayc-derivatives-explored)) digital art collection. 

Later, in May 2022, the musician released the first Madonna NFT series titled the “[Mother of Creation](https://motherofcreation.xyz/)". The series comprises three digitally rendered videos showcasing a nude woman giving birth to fauna, flora, and technology.

The digital artwork resulted from a year-long partnership between her and Mike Winkelmann, also known as Beeple. Winkelmann made the headlines in 2021 with his Everydays: the First 5000 Days, which fetched $69.9 million at Christie's and set the NFT space on fire. 

## What is the Madonna NFT collection?

The "Mother of Creation" is an exclusive collection containing only three single-edition NFTs. The digital artist and pop/sex symbol is using the videos, showcasing three different motherhood-inspired aspects of life to celebrate motherhood. The Madonna NFT videos give audiences a full-frontal view of the pop star's avatar lying in a hospital bed, forest floor, and rusted vehicle, giving birth. Each of the NFTs is paired with her poetry or that by Rumi, a mystic poet. 

The NFTs are named:

1.	Mother of Nature: The first Madonna NFT, depicting her lying on a laboratory bed delivering a tree that blooms as soon as it comes out of her body, focuses on plant life.  

2.	Mother of Evolution: The second NFT depicts her naked in a run-down city while sitting in some modified vehicle. In the video, her legs are open, and butterflies emerge from her body – the NFT focuses on animal life.

3.	Mother of Technology: The third NFT showing Madonna stark naked and lying in the middle of a forest shows a series of bionic centipedes moving up and down after protruding from her vagina, focusing on technological advancement.

## A provocative NFT collection with a cause
 
To the casual observer, the Madonna [NFT collection](/news/article/are-nfts-dead-investigation) is peculiar but mostly seen as provocative. However, for those in the know, both the theme and execution of the videos are consistent with the character and style of Madonna and Beeple. The amorousness depicted has characterized Madonna’s decades-long musical and artistic career, while the weird renderings speak loudly of Beeple’s typical artwork.

Asked about the provoking nature of her NFT project, Madonna told [New York Times](https://www.nytimes.com/2022/05/09/arts/design/madonna-beeple-nft-videos.html) that the theme was deliberate and wasn't simply "provocative just for the sake of provocation". According to the pop diva, the centipedes and butterflies she gives birth to in the videos symbolize hope and technology.    
  
## Conclusion 

Despite the backlash and initial criticism from the community following the launch of the Madonna NFT collection, the Mother of Creation NFT series fetched more than $600,000. While it may be a far cry from Beeple's $69.9 million, Madonna intimated that proceeds from her NFTs would benefit three non-profit organizations working for women and children. They are the Ukraine-based Voices of Children Foundation, the Congo-based City of Joy Foundation, and Black Mama's Bail Out.

Beyond being a source of entertainment, Madonna’s NFTs indicate that celebrities and charities can, through the [sale and auctioning of NFTs](/news/article/are-nfts-dead-investigation), secure funds for organizations and movements supporting significant causes.


madonna nft created by beeple with image of madonna singing in foreground

Madonna NFT Collection Courts Controversy 

The global non-fungible token (NFT) market was on its way to surpassing [$50 billion](https://www.cryptoslam.io/nftglobal) in February 2023. With the profits available, it is no wonder people query the UK stance on NFT income tax.

The market is dominated by the Ethereum blockchain, which houses popular [NFT](/news/article/pixelmon-nft-everything-to-know) collections such as the [Bored Ape Yacht Club](/news/article/bored-ape-nft) (BAYC), Mutant Ape Yacht Club (MAYC), Otherside for Otherdeeds, CryptoPunks, Art Blocks, Azuki, Moonbirds, and CloneX. 

The other projects in the top ten, NBA Top Shot and Axie Infinity, are deployed on Flow and Ronin blockchains, respectively. With CryptoPunks #5822 selling for $23.8 million, CryptoPunks #4156 exchanging hands for $10.2 million, CryptoPunks #5577 being taken off the market for $7.7 million, and Ringers #109 also selling for $6.9 million, it is only right that authorities have set their sights on how NFTs should be taxed due to the enormous gains made by traders.

With several multiple percentage profits to be made in a short period, it is also understandable to find NFT tax UK rules being queried.

But before we zoom into NFT tax UK, let us examine how [NFTs](/news/article/shopify-nft-merchants-get-more-tools) are bought and sold on marketplaces so that you are enlightened from the buying and selling stage to the taxing phase.

## How to buy and sell NFTs

NFTs are digital art representing sneakers, sports cards, and real estate, among others. If you want to buy a piece by Leonardo Da Vinci or a Pablo Picasso painting, you have to find an art store or gallery. If you want NFTs, you have to locate a marketplace. There are many NFT marketplaces around today, including Nifty Gateway, X2Y2, LooksRare, Known Origin, Blur, Rarible, SuperRare, Foundation, and OpenSea.

OpenSea remains the largest NFT marketplace by all-time volume. Despite a decrease in industry-wide interest in digital collectibles, OpenSea still saw more than [$270 million](https://www.theblock.co/data/nft-non-fungible-tokens/marketplaces/nft-marketplace-monthly-volume) in volume in January 2023. As a result, we would like to focus our short guide on how to buy NFTs on OpenSea. 

You need to have a crypto wallet that has Ether (ETH), the novel token of Ethereum. Popular wallets that support Ethereum include Rainbow, Trust Wallet, and MetaMask.

With a wallet filled with ETH coins, you can create an account on OpenSea, connect your wallet, search for the NFT project of your choice, and make a purchase. Once the purchase is complete, the NFT will be sent to your wallet.

If you want to sell your [NFT],(/news/article/loaded-lions-nft-explained) you make it available on OpenSea and set a quote. Once a buyer bids for your NFT and you accept, the sale is completed.

Since you hold the private keys to your wallet, you are responsible for protecting the digital collectibles from cybercriminals and malicious programs.

Now that you know how to buy and sell NFTs, let us examine how they are taxed by authorities in the United Kingdom. 

## What are the NFT tax UK rules? 

His Majesty’s Revenue and Customs (HMRC) is responsible for the taxation of NFTs. Capital gains and income tax are two principal taxation types to take note of as a UK resident. 

Capital gains are profits earned from the sale of an asset that has spiked in value over a given period. A great example of this can be attributed to buying a Bored Ape for £10,000 and selling the NFT for £95,000. The difference, which represents the profit, is £85,000 (capital gains). 

According to [GOV.UK](https://www.gov.uk/guidance/capital-gains-tax-rates-and-allowances#:~:text=Capital%20Gains%20Tax%20is%20charged%20at%20a%20flat%20rate%20of%2018%25.), it is the gains made that are subject to tax, not the entire money from the sale. Therefore, £85,000 will be taxed, and not £95,000.

According to the HMRC, disposing of NFTs includes selling them, gifting them to loved ones, swapping them for other NFTs or digital currencies, and getting some compensation for them (such as an insurance payout when something is destroyed or lost).

As of February 2023, capital gains tax (CGT) is between 10% and 20%. From the example given, the owner of the sold NFTs would pay 20% CGT because it is above £50,270. If capital gains from the sale of a digital collectible are below £50,270, you are subject to 10% in CGT.

Income tax is paid on earnigns by UK residents. There are professional traders out there who trade stocks, cryptocurrencies, and now NFTs for a living.

If you make less than £12,570 from NFT sales, you will pay 0% in income tax. But if you earn above that and it rises to £50,270, you'd pay 20% in income taxes. 

For those earning £50,270 up to £150,000, tax is charged at 40%. NFT traders that make more than £150,000 are subject to 45% in income taxes. 

## NFT tax UK conclusion

Monthly global NFT market sales are currently on a rebound. Knowing the percentages in taxes will be invaluable to your decision on whether to get involved in NFT trading and investing.


NFT Tax UK Rules Explored

Paradox crypto has been trending online in recent months due to the booming [Metaverse](/news/article/bloktopia-metaverse-guide) industry.

Unfortunately, many cryptocurrency traders and investors are not privy to the fact that the digital asset is part of a broader project encompassing blockchain gaming, play-to-earn (P2E), [Metaverse](/news/article/buy-sandbox-land-simple-guide), and [non-fungible tokens](/news/article/shopify-nft-merchants-get-more-tools) (NFTs). 

## What is Paradox crypto?

It is the native asset of the Paradox Metaverse, a project announced in April 2022 by [Paradox Studios](https://www.globenewswire.com/news-release/2022/04/21/2426122/0/en/The-Paradox-Metaverse-Announced-the-Launch-of-its-Own-NFT-Collection.html), a UK-based development team. The company is behind a new blockchain game employing the P2E format, which is forecast to grow from $755 million in 2022 to approximately [$3.6 billion](https://timesofindia.indiatimes.com/blogs/voices/play-to-earn-games-the-future-of-the-gaming-industry/) in 2028 at a compound annual growth rate (CAGR) of 21.3%. 

After opening at [$0.1123](https://coinmarketcap.com/currencies/paradox-metaverse/) on cryptocurrency exchanges on 17 November 2022, PARADOX maintained this value as its all-time high (ATH). It reached an all-time low of [$0.01377](https://coinmarketcap.com/currencies/paradox-metaverse/) on 8 February 2023.

PARADOX has 12.7 million tokens in circulation from a total and maximum supply of 1 billion. As of the late evening hours of 14 February, PARADOX was exchanging hands for $0.01483. With this, the token had plummeted by 86% in value since its opening day, and 57% year-to-date (YTD).
 
## Paradox NFTs are also attached to the project 

The global NFT market sales have surpassed [$48 billion](https://www.cryptoslam.io/nftglobal) and the Paradox Metaverse Official Collection has contributed its quota to this milestone.

The digital collectibles are integral to the blockchain game, as potential players must buy an NFT character from the 8,878 collections before they can access P2E missions.

Upon completion of missions, gamers are rewarded with an in-game digital currency called ‘P-bucks’. The P-buck tokens can be swapped for PARADOX. 

In August 2022, the studio announced that it had enabled [Paradox NFT staking](https://metanews.com/the-paradox-metaverse-unveils-nft-staking/), which will help gamers earn passive income.

As of 14 February, the Paradox Metaverse Collection had more than 1,400 owners, commanded a floor price of 0.0397 ETH (about $61), and had seen a volume of 199 ETH (approximately $310,000) on the largest NFT marketplace across the globe [OpenSea](https://opensea.io/collection/the-paradox-meta). 

As of the same date, the token had a fully diluted market capitalization of $15 million and was supported by centralized cryptocurrency exchanges Huobi Global and BitMart.


Paradox Crypto Value Nosedives 

The developers behind the famous Bored Ape Yacht Club project, Yuga Labs, have revealed their new NFT collection. It is named Twelvefold and features NFTs with a 12-by-12 grid. One of the most popular NFT creators is interested in entering the [Bitcoin network](/news/article/what-is-bitcoin) with this new project. 

The digital art creators announced the new collection on 27 February, 2023. In a [Twitter thread](https://twitter.com/yugalabs/status/1630342395295412232), they also mentioned that the NFTs would be available for auction in the coming week.

## Twelvefold: A Bitcoin Ordinals NFT collection

The title given to this NFT collection by the BAYC developers signifies the base 12-time system. It refers to the Bitcoin Ordinals that are denoted with the time of their minting. 

There will be 300 collectables in the Twelvefold collection. These include generative art pieces that will be inscribed on [BTC](/coins/btc) Satoshis. Satoshis or Sats are the smallest BTC denominations that can hold data in JPEG, text, audio, or video.

That’s why the NFT pack will be using the [Bitcoin Ordinals](/news/article/forked-bitcoin-ordinals-brought-to-litecoin) protocol.
It allows developers to work with Sats for the creation of digital assets. 

Moreover, it makes it easier for users to transfer or receive those assets.

## When will the Twelvefold collectables release?

The creators did not give an exact date for releasing these digital assets. However, they mentioned that collectors might get to buy them in the ongoing week. [Yuga Labs](/news/article/yuga-labs-explained)’ team will likely give a 24-hour notice that will provide the details about the exact timings of the NFT auction. 

## The rise in the popularity of BTC Ordinals

The [Dune Analytics](https://dune.com/dataalways/ordinals) data insights suggest that more than 200,000 ordinals have been minted. Many projects are catching up on this trend. Before the announcement of Twelvefold, other popular projects also entered the market. It includes the Casey Rodarmor series, launched in January 2023.


Twelvefold NFT Collection Coming from Yuga Labs 

Bored Bunny unites a collection 4,000+ bunnies in the form of 3D-designed NFTs, all living on the Ethereum blockchain. The project's partners are David Dobrik, Umar Kamani, John Terry, and Floyd Mayweather. But what's going on with the NFT price?

## How an online influencer affected the Bored Bunny price

David Dobrik, an online influencer, joined the movement. For those unfamiliar with Dobrik, he is a YouTube vlogger with 18.3 million subscribers. Most of his material is lavishly surprising his friends, family, and occasionally fans with costly presents and experiences.

Dobrik received the Best Collaboration [Streamys Award](https://streamys.org/nominees-winners/10th-annual-nominees/) in 2020 and was nominated for Favorite [Social Media Star](https://wegotthiscovered.com/tv/here-are-the-slime-eligible-2022-nickelodeon-kids-choice-award-nominees/) in this year's Kids' Choice Awards.

Joining the Bored Bunny Community means becoming part of a family of investors and NFT enthusiasts that believe in the future of cryptocurrency and [blockchain](https://coinrivet.com/dictionary/blockchain/) technology. The aim is to create the most influential community and project centred on NFTs.

## Bored Bunny price on release

When the Bored Bunny NFT price became known to the public, it was 0.4 ETH. The NFTs can no longer be minted. However, they may still be purchased on secondary markets such as [Opensea](https://opensea.io/collection/bored-bunny--nft). Nobody can foresee whether or not the price of this NFT will climb.

As of 6 January, sales had increased, leading to a price rise. The fact that numerous celebrities are now a part of the community, which surely boosts its worth, may also be used to predict the price of Bored Bunny NFT.

The Bored Bunny price was roughly 5,000 mint NFTs for 0.4 ETH ($1303.60). The initiative intended to distribute items, conduct events, create a private metaverse, and so on, guaranteeing consumers that their tokens will be worth 5-10x more. According to Twitter user @zachxbt, Bored Bunny sold $7.5 million in NFTs less than an hour after the sale began.

[Zachxbt](https://twitter.com/zachxbt/status/1509565668852703237?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509565668852703237%7Ctwgr%5E72bc25c772ba733df7ef4c02831ab8263fa12578%7Ctwcon%5Es1_&ref_url=https://wegotthiscovered.com/news/influencer-david-dobriks-bored-bunny-nft-scam-explained/) has also raised the red flags that the pricing was too expensive and that it was marketed by influencers and celebrities unfamiliar with NFTs.

Following that initial sale, the value of the Bored Bunny collection fell from 0.4 to 0.059 ($192.28) ETH, and the team made $6 million. Dobrik has been called out since then, most notably by internet personality Faze Banks, who was promised $500-$700K to promote the NFT project but rejected it. 

Customers are urged to do their research and warned that if celebs promote NFTs, there is a chance customers' tokens will drastically lose value.


Bored Bunny NFT Price: What's Happening?

Utherverse was the backbone of the internet back in the early 2000s with the launch of games like Second Life and Play Station Home. The company set a precedent for VR, AR, interactive, and open-world games on the web.

The company is now set to launch its new take on the concept with its new game. The 3D internet game giant says it's unveiling the next layer when it comes to interactive and 3D games on the internet.

Any individual looking to play the game and be a part of the community can do so by installing the all-new web 3D browser named Xaeon™. The team at the company calls it the next-generation Metaverse platform as they get ready to release their in-house crypto called UTHER coin.

In the game, players can expect to use the UTHER coin and buy the company's NFTs. Like many other platforms and interactive, open-world [games on the Metaverse](/news/article/metaverse-games), Utherverse is joining the bandwagon to release its game where users can own places, services, and other things.

These possessions will hold real-world value from which users can expect to make a [passive income](/news/article/how-to-invest-in-metaverse). 

## How does Utherverse work?

The game is set to build a fully functional world in the Metaverse. If someone is looking to build a significant Metaverse presence, this is the place to go. The platform will provide players with all the tools they need to build their very own Metaverse.

These include software, tools, IP protection, and technical support, among other things, making it easier for players to customize and build their own unique identity within the world.

The company is taking a leap into the world of 3D internet games as players now have unlimited options when it comes to worlds within the game. In other words, players can transport, hopping in and out of millions of different worlds. The worlds in the browser can be interconnected with the correct permissions, allowing users unlimited options.

The company also states that the technology used to build the world is not only patented, but also ahead of its time and competition.

## The economy

Since the company has been in this business for 17 years and is a pioneer in virtual world games on the internet, the UTHER token's launch is no surprise.

They have also [launched the first fNFT](https://www.utherverse.io/fnft) (fractional non-fungible token) ever created. The fNFT comes in the form of a genesis trunk which comes "alive". The trunk contains many goodies within the game and is the rarest form of asset you can own within the Metaverse.


Utherverse Launches First-Ever fNFT 

The NFT market has attracted great attention in recent years, and many people have begun exploring this industry.

[NFT](/news/category/nft-news) is an abbreviation of non-fungible token, which is a one-of-a-kind digital asset that cannot be copied or traded for anything else. NFTs may symbolise anything, from art to music or tweets to virtual real estate. The NFT market is predicted to develop drastically in 2023, and we will see more innovative applications for this technology.

What is the NFT market? It is a place where individuals can trade, buy, and sell unique items. This internet marketplace is similar to an auction house but has a decentralised approach. That means no centralised entity governs it. As a result, anyone may participate in this open and transparent market.

The NFT industry is expected to grow in 2023 due to the increasing interest of content creators, such as artists and musicians. Many have already started using NFTs to sell their digital creations. NFTs allow them to verify the authenticity and ownership of their work and generate additional income. This allows artists to sell their work directly to their audience without middlemen. This notable trend is expected to continue as more artists embrace NFTs.

Another factor contributing to the NFT market growth is the increased use of blockchain technology. NFTs are built on blockchain tech, which provides secure and transparent storage and transfer of digital assets. More people will explore and engage in the NFT market as they become acquanited with this technology.

The NFT market is a prime example of how blockchain has the potential to revolutionise multiple sectors.

## NFT Use Cases

As the NFT market evolves, we can clearly see its expansion through various use cases. NFTs have the potential to represent many objects, and we can expect more innovative applications for this technology in the future. Many businesses are experimenting with using NFTs in areas such as ticketing, gaming, and [virtual real estate](/news/article/tokenized-real-estate). There is also the possibility of using NFTs for digital identification to resolve issues related to online identity verification.

Increased investor interest is another reason the NFT market is expected to grow. NFTs are established as a new asset class, and many investors are keen to learn more about them. As rare NFTs sell for millions of dollars, the market's liquidity is expected to soar as more people get involved.

The rise of NFTs is driven by vital factors such as the growing interest from content creators like artists and musicians, the acceptance of blockchain technology, the creation of new use cases, and investor interest. As the NFT industry thrives, it will create new possibilities for investors, artists, and other crucial market participants.

Learn more about NFTs and visit [Crypto Club Site](https://cryptoclubsite.com/).








Will the NFT Market Develop in 2023?

Video game publisher [Ubisoft](https://www.ubisoft.com/en-us/) has launched non-fungible tokens (NFTs) of its popular Rabbids characters for the Ethereum metaverse game [The Sandbox](/news/article/buy-sandbox-land-simple-guide). The Ubisoft NFT collection was made available to users already added to an allowlist, with public sales starting on Wednesday.

![Screenshot 2023-02-22 at 10.22.12.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_02_22_at_10_22_12_fe06936510.png)
 
[The company is releasing 2,066 Rabbids avatars](https://www.sandbox.game/avatar-collections/rabbids-lunar-new-year-avatars/en) via Ethereum scaling network Polygon, with each Ubisoft NFT priced at 100 SAND, or approximately $78 at the time of writing. The avatars are themed around the Lunar New Year, and their designs will be unveiled to buyers this Friday.

## Rabbids game world to launch on The Sandbox

On 28 February, The Sandbox will launch a Rabbids game world as part of its current open alpha test, featuring a limited number of playable experiences. The avatars are described as a "key to future utility" in The Sandbox, including potential access to future drops. 

The Sandbox previously released [NFT](/news/article/are-nfts-dead-investigation) items and accessories with Rabbids themes and added Rabbids characters to its museum-like NFT Institute experience last September. However, today's mint is the first time users can buy these avatars for use in the game.

## Ubisoft's Web3 expansion

Ubisoft was among the first major video game publishers to take notice of Web3 and begin experimenting with NFTs. The company has been experimenting with NFTs for some time, having previously released a Rabbids-themed NFT to benefit charity UNICEF and collaborated with Web3 fantasy sports startup Sorare on One Shot League. 

The Rabbids NFT release follows Ubisoft's earlier announcement of plans to bring the characters to The Sandbox, made one year ago. The game publisher has previously supported NFT projects like [Axie Infinity](/news/article/axie-infinity-price-prediction) and Nine Chronicles and invested in [Metaverse](/news/article/how-to-buy-land-in-metaverse-worlds) investment firm Animoca Brands and game maker Horizon.

The company has continued to make moves, investing in Horizon and joining the Mythos Foundation last fall. Ubisoft recently collaborated with cloud storage startup Aleph.im to develop fully decentralized smart contracts on Tezos.


Ubisoft Launches Rabbids NFT Collection 

The Claymates NFT project is an innovative take on digital collectables. It combines [Cardano's blockchain technology](/news/article/cardano-analysis-and-explanation) with art, culture, and music. Clay Labs Digital launched these NFTs as part of the Clay Nation project in April 2021. 
[Claymates](https://www.claymates.org/) promotes sculpture art by turning hand-sculpted characters into non-fungible tokens. It introduces a collection of more than 10,000 unique collectables with real-life sculpture traits. In the Clayverse, these Claymates play a critical role as they can work as user avatars.

The concept behind Claymates Clay Nation is the brainchild of Isobel Robson and Lenna Onto, who founded it back in 2021. It is a creative take on digital assets built around the concept of ‘claymation’. Claymation, or clay animation, is a conventional method of filmmaking from modifiable characters.

Claymation is a popular animated filmmaking method using stop-motion photography. These NFTs are created algorithmically to shape different 3D sculpted characters. The collectables live on the Cardano blockchain as lively clay characters. The Claymates collection is created for entertainment, and you can collect them as your avatars in Clayverse.

## Clay Nation digital collectables 

The [Clay Nation](https://www.claynation.io/) collectables are among the most highly rated projects on the [Cardano network](/news/article/cardano-nft-marketplace). The series introduces 10,000 hand-sculpted unique character NFTs. All of its NFTs sold out within hours of its first drop.

So far, the project has launched NFTs in two series. It has also published an expansion pack and collaborative art pieces separately. It collaborated with several other Cardano projects like Collabits, Good Charlotte, and SpaceBudz.

## Claymates NFT price

According to the analytical data by [Open CNFT](https://opencnft.io/clay-nation-by-clay-mates), the floor price of these NFTs has been ₳4,100. The total volume traded in this project is ₳32 million.

Interestingly, in the past 30 days, the average price of Claymates was ₳5,218.35. In this period, a total of 248 assets were sold. Moreover, the ADA traded volume was ₳1,294,150.


![screenshot of line graph](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_02_20_at_14_08_58_63e95e707a.webp)


## Why does Claymates use the Cardano blockchain?

The primary reason behind opting for ADA for Claymates NFT project was its founders' previous affiliations with the network. Before launching Clay Nation, Lenna Onto worked with [IOHK](https://iohk.io/) for a stake pool.

As she was familiar with the ins and outs of the Cardano ecosystem, she opted for it for her clay-esque NFTs. The project’s white paper mentions that “Cardano is our roots”.

Secondly, the founders were also inspired by the ethos and sustainability of the blockchain. In addition, the blockchain platform is known for its dynamic community and diverse network, which aligns with Claymates’ vision. Charitable initiatives and fostering inclusivity are common goals for both. The founders dubbed the network a ‘natural home’ for their project.

## The future of Claymates NFTs

It is already ranked among the top three projects on Cardano. It has partnered with several big names in the art and music industry.

One famous name is Good Charlotte, an American band. Meanwhile, another striking collaboration has been with the renowned American rapper Snoop Dogg and his son Champ.

These partnerships indicated what its digital collectables can offer the entertainment industry.

If the project continues to bring forth new collectables and partner up with more artists, it can be a huge success for Cardano, too. As NFTs are becoming more popular, Claymates can become a trendsetter in the market.

Exploring the Claymates NFT Project

It is one of the most familiar names in the NFT space, but what is the real story behind the Pudgy Penguins brand, and what does the future look like?

Pudgy Penguins are a collection of 8,888 NFT pieces of digital artwork revolving around, you guessed it, penguins. Released by eponymous developer ColeThereum in July 2021, the collection gained notoriety with its rapid price rise through the bull market of that year.

Within weeks the original mint had quickly sold out, with those clamouring to get involved resorting to the secondary NFT market on OpenSea. With an outstanding level of community support, the highest price paid for a Pudgy Penguin occurred in September 2021, reaching 225 ETH, or close to $1 million at the time.
So that leaves the question, where are we now? Is there still demand for the collection given the recent downturn in the crypto market? If so, what does the future hold?

## Brand potential

After a tumultuous 2022, it looks as if PP fortunes may be about to revive. The hype surrounding NFT started to die off once the crypto market took a trip to the downside - none more so than Pudgy Penguins. In this increasingly hostile and fraught environment, suspicions began to rise regarding the morality of creator ColeThereum. With whispers of his involvement in previous rug pulls and scams, fears were finally confirmed in late 2021 when it was [revealed that the founding team had emptied the project of funds](https://nftevening.com/pudgy-penguins-founders-cancelled).

The resulting fallout saw ardent community member 9x9x9 publish a blizzard of tweets accusing the founder and his support team of underhand activity and scamming the community. As the debate wore on, 9x9x9 revealed that the team had turned down his offer to buy the IP to the collection for 888 ETH. However, despite this knockback, another community member stepped forward and declared his interest with a deal completed in April 2022, which saw complete titular leadership of the brand [handed over for the princely sum of 750 Ethereum](https://dappradar.com/blog/pudgy-penguins-thrives-with-new-owner-luca-netz).

The new owner, Luca Schnetzler, declared his admiration for the brand and revealed he was a long-term fan of the project and the community. Schnetzler went on to say, “Pudgy Penguins was my first PFP NFT, and I knew when I first bought it that Pudgy Penguins had the highest upside when it came to brand potential. When I saw other people bidding on Pudgy Penguins, I knew I had to step in. I’ve built multiple brands to nine figures in revenue over the last five years, and I felt like my skill set was the best to succeed at the job.”

## Meme potential

With many holders using their coveted Penguin as an online flex, there has been much speculation over the appeal of this artwork. Their simple and unique features have created a legion of followers seduced by the plain yet serene nature of the NFTs. Although the original design team of four sought to remain anonymous, the New York Times did what they do best and revealed their identities at the peak of the NFT hype.

The four Computer Science undergraduates behind the brand were led by a head honcho MrTubby, also known as Clayton Patterson. In an interview with the newspaper Patterson revealed the reason for the project's creation, saying, "There was a huge meme potential in fat-looking penguins, so we decided to roll with that". 

While other NFT projects opted for a more serious approach, the Pudgy Penguin collection decided to lean heavily into memeology. Based on the Claymation adventures of popular children's cartoon Pengu, the Pudgy Penguins are helping to develop much-needed innovation within the Web3 ecosystem.

## ‘Feel-good factor'

And so, from being on the brink of capitulation, it seems the well-loved NFT brand is finally back in a happy and confident place. In the weeks following the deal, the newly installed team at Pudgy Penguins has been hard at work rebuilding the brand image and increasing the levels of community engagement. Schnetzler believes this is partly due to the project's 'feel-good factor', which helps "uplift people and make their day a little easier".

Whatever the reason, the process appears to be working as interest in the brand continues to evolve. From a floor price of 1.7 ETH in August 2022, the new team at the helm has managed to drive an increase of some 400% to a peak of 6.9 ETH in early January this year. This price surge has made many people sit up and take notice. 

Many believe the Penguins are leading the charge in a resurgent interest in NFTs.

Whatever the future, due to their versatility and wide-ranging use cases, NFTs look like they are here to stay. The ability for anyone to design, create and publish an NFT on platforms like [OpenSea](/news/article/guide-to-minting-nfts-opensea) means the appeal is assured and sustainable. And with values rising by the day, now could be the time to invest.


pink image of pudgy pengiun nft on pink background

Pudgy Penguins - Is the Hype Worth the Price?

After the euphoria of 2021, last year proved to be a massive disappointment, with many new to crypto losing large amounts of money. One sector that felt the chill of the crypto winter was NFTs - from the highs of 2021, the NFT market cap currently stands at $10.5 billion, leaving many to ask – are NFTs dead?

As a quick recap, an NFT is a digital certificate of authenticity that can represent ownership. However, for now, most NFTs are created to represent digital media, be it artwork, music, or 3D images. In the future, NFT use can extend to contracts, ticketing  - in fact, any real-world product or event where digital ownership is needed.

## Reasons to be optimistic

As I mentioned above, the value of the NFT market today is some $10.5 billion and [counts for 1.03% of the total cryptocurrency market cap](https://coinmarketcap.com/view/collectibles-nfts/). A large sum by anyone's reckoning.

Some people see the picture rather differently. They believe that the end is near due to the massive decrease in NFT trades from the highs of January 2022.

So other than market value, what are the reasons for us to feel optimistic about the future of the NFT? There are many, but let's take a look at five of the strongest reasons to be cheerful ~
Inflation caused worldwide markets to dump, not just NFT
The fallout from two years of the COVID-19 pandemic was almost inevitable. The response to unlimited currency printing resulted in a real-time fall in the value of goods and services, aka inflation. 

This insidious metric has risen in every corner of society, from stocks to commodities to everyday goods, resulting in higher prices across the board. However, all is not lost. The US and the UK have recently recorded drops in the inflation rate, with further falls expected as we progress through the year. This is encouraging for anyone looking to invest a little spare cash into crypto and NFTs.

## Many major brands looking to launch NFT

Many mainstream brands such as Budweiser, Gucci, and Nike have launched or are planning to launch NFT collections soon. NFTs and the Metaverse go hand in hand - Nike fans will be able to purchase a pair of digital sneakers for $50. Nike's platform is built on Polygon. To interact, users simply have to set up a digital wallet and load it with either ETH or MATIC crypto.

## Bored Apes still trending – partnership

Despite the massive drop off from the highs of 2021, one of the most talked about NFT collections – the Bored Ape Yacht Club – is still proving popular with its legions of fans. At its height, one BAYC digital artwork sold for $3.6 million, with another going for $1.7 million. Recent data from Google has shown that searches for BAYC are increasing. In what is certainly a nod to the future of the NFT, [a self-described BAYC whale just parted with $900k to buy 69 DeGods NFTs](/news/article/bored-ape-whale-buys-69-degods-nft).

## Elon Musk and Twitter

Unless you live under a rock, you will be aware that famed entrepreneur Elon Musk finally put pen to paper and purchased the social media platform Twitter. Musk makes no secret of his love of all things crypto, especially given his close association with DOGE coin. If, as many suspect, he makes DOGE the native currency of Twitter, this is expected to provide a huge boost for the legitimacy and, indeed, use of crypto. In perhaps a sign of things to come, NFT Twitter fans can now display their digital art as part of their profile picture.

## Continued evolution

As mentioned above, NFTs are closely related to the Metaverse in the form of digital items users can create, trade, and use on their whim. The future of gaming is virtual, as what we know of as video games changes at a rapid pace. The rise of the mobile Play to Earn gaming concept has seen significant growth in the Far East, allowing players to create and trade their precious digital items. While this has not entirely caught on in the West, many industry experts believe an integrated commercial environment that allows players to trade and earn via NFTs is not from being a common reality.

## The future

There are many reasons to be upbeat about the future of the NFT.

However, as I mentioned above, apart from digital artwork, there is a real need for NFT use cases in wider society. This is mainly due to their ability to determine a unique and non-transferable (non-fungible) good or service. It must be remembered that no NFT can be traded on a like-for-like basis (unlike traditional crypto). This ability to uniquely identify without being copied, substituted, or sub-divided brings value to an NFT.

The concept behind the NFT is relatively simple. This digital certificate then exists on a blockchain which can be accessed and viewed by anyone, thus proving ownership, digital or otherwise. 

NFTs have the ability to revolutionise a wide variety of traditional industries radically, [none more so than real estate](https://butterflymx.com/blog/nft-real-estate/). As we are all probably aware, the house purchase process in the UK is far from ideal, with endless documentation and last-minute gazumping a common reality.

Now imagine a future where buyers and sellers agree a price and use a third-party escrow account to manage the purchase. Once complete, the deeds to the property are transferred in the form of an NFT, which exists on an immutable blockchain. This is a great example of how distributed ledger technology will directly impact the fabric of our future lives. With estimates of a $230 billion market valuation by 2030, there has never been a better time to consider investing in NFTs.


Are NFTs dead? An Investigation

Web Generated Modular Interfaces is a digital art collection that features 10,000 randomly generated profile pictures. The official [WGMI website](https://wgminterfaces.com/) does not provide the NFT project's release date, sales and distribution details, pricing, or airdrop information.

The Interfaces [NFT](/news/article/largest-nft-marketplace-2023) collection is composed of various art depicting a range of high-quality images. The initiative aims to provide token holders with the opportunity to purchase a unique piece of digital art.

The project has provided followers with a spreadsheet that allows them to keep track of the whitelisted users.

The spreadsheet also includes all pre-public mint approval requests. At the time last recorded, it had 1,656 individuals on the spreadsheet who had been granted permission.

The spreadsheet provided consists of two columns, with the left column listing the Twitter IDs of individuals and the right column providing the reasons for their inclusion.

On 17 December, 2021, the project released its first video detailing the NFT collection and thanking its supporters for their ongoing support. The video received a huge positive response from fans and followers.

## Founders

The [NFT](/news/article/rarity-tool) website and Twitter account list the following three individuals as the founders of the project: 

•	Anna Kajda.

•	Arek Kajda.

•	Daniel Linthwaite.

All three individuals are experienced designers, illustrators, and artists. They have established foundation profiles and have a track record of selling their work on the platform, demonstrating their credibility and expertise in the field.

## Twitter craze

The NFT has a crazy social handle following. It has the highest quality unique collections that surpass other artworks. This is evident in the growing community of enthusiasts that follow the project on Twitter, where the handle [@WGMInterfaces](https://twitter.com/WGMInterfaces) has amassed more than 179,000 followers.

## Is the Interfaces NFT dead?

The founders [announced](https://medium.com/@wgminterfaces/a-passion-project-that-no-longer-feels-like-a-passion-project-c388011db108) on 27 February, 2022, that they would no longer continue with the project. The project received massive traction and attention from the crypto community, putting unexpected pressure on its creators.

As a result, the founders had to stop the project saying it did not align with their vision.


Interfaces NFT: Is It Dead? 

[Town Star](https://townstar.com/gameplay) is a unique play-to-earn gaming blockchain developed by Gala Games on the Ethereum blockchain. Players can build and rule a town while earning Town Star coin (TOWN) rewards, access in-game items through NFTs, and compete for prizes and rewards on the leaderboard.

The game offers a fun and rewarding experience for players who complete challenges and unlock play-to-earn rewards.

Gala Games introduced TOWN as a utility token to incentivise players to utilise the in-game NFTs. This virtual token is a blockchain-based cryptocurrency that can be traded on different exchanges. Users have the option to transfer or trade tokens, but they can only buy tools using in-game currency.

In this virtual world, players compete to build the most efficient and productive town possible by growing, gathering, and crafting their own 3D models. The game, created by one of the co-founders of Farmville developer Zynga, offers opportunities to top the leaderboard, win big prizes, and complete challenges to earn Town Points.

## Gameplay mechanics and token specifics

Players can acquire TownCoin (TOWN) tokens built on the Ethereum blockchain network by participating and completing its tasks. This feature allows players to earn passive income while playing the game. Additionally, user-owned in-game assets (NFTs) can contribute to earning TOWN tokens daily based on their rarity and usage in farms and towns. However, it is essential to note that gamers must actively play the [game](/news/article/free-play-to-earn-games) to earn these tokens through their NFTs.

Gala Games introduced Gala Power as a system for measuring in-game progress. By increasing their Gala Power, users can expand the number of NFTs they can place in their farms and towns. The level of Gala Power is determined by factors such as players' wallet capacity, the NFT assets they possess, how long they have had their account, and their investments in the game’s native currency.

## What is the Town Star contest all about?

In the contest, users must carefully plan and manage their city’s resources to cultivate and produce goods. By utilising AI workers and creating valuable items, players must expand their town while working within the limitations of space and resources.

The main objective is for players to use their knowledge of worker roles and building functions to construct the most productive and efficient town within the given space. Players are considered victorious when they can produce and sell high-value goods, thus earning more points than their competitors.

## How is Town Star coin added to the supply?

Players can earn tokens by engaging with NFTs. Additionally, those who operate Founder's Nodes may receive tokens as a daily reward for their efforts.

The total amount of Town Star coin tokens that can be in circulation is equal to 1 quadrillion.

## Town Star NFT

NFTs, or blockchain items, are in limited quantities and can be bought in the Gala Games store while still in stock. These items can be transferred between players and can also be transferred out. They may also have value outside of the game, and using them in the game provides additional benefits. Players can earn rewards when they use NFT items in their build, provided they meet specific requirements.

Players can access in-game items using NFTs to complete daily challenges and build their town on the platform. Those who perform well and rank highly on the leaderboard will receive attractive prizes and rewards. Additionally, players can earn rewards by completing challenges and unlocking new items in the game.

## What is Season Pass in the game?

To earn tokens in each season, players must possess a Season Pass, an NFT item referred to as a "ticket". The Season Pass acts as a key, allowing players to earn coins throughout the entire season as long as they meet other requirements. NFTs in the game have varying rarity levels, and each earns tokens daily based on its rarity level. The rarer the NFT is, the more coins it will generate daily when used in the game.

## How to obtain and redeem P2E incentives

Ensure that you have a sufficient amount of Gala Power by obtaining GALA or TownCoin and keeping it in your player wallet.

These tokens held in your wallet will be used to determine your [Gala](/news/article/gala-busd-everything-you-need-to-know) Power level.

### The equation for calculating Gala Power is:

### Gala Power = Gala Coin + (TownCoin*2).

For the first season of Town Star Play-to-Earn(TSP2E), individuals can earn daily without needing a ticket. However, starting with the following season, a valid Season Pass will be necessary to take part.

To earn points, you must have a certain number of NFTs placed and active during the 24 hours. Even if you place the NFTs just before the countdown ends, as long as all other requirements are met, they will still be eligible for earnings.


Town Star Coin Explained

Even with the entire crypto world operating like [headless chickens](/news/article/cryptocurrencies-prices-plummet), some great steps are still being taken to resuscitate the industry. Activities like NFT meetups, seminars, and networking events can play a huge part in reviving the industry's image. We'll be going over some of the most exciting NFT events London offers in this piece.

## Networkverse: Open-mic and networking

The first event to keep a lookout for is [Networkverse](https://www.eventbrite.com/e/networkverse-nft-web3-metaverse-tam-open-mic-and-networking-tickets-516521047357?aff=ebdssbdestsearch&keep_tld=1), presented by Zee West. It will take place at the Temple of Art and Music in Farringdon. The event will be held on the 16 February and will be one of the first major NFT events in London in the month of February.

The idea of the event is to present a space where individuals interested in the crypto field can get more information and listen to experienced professionals from different facets of the industry. Various panellists will be at the event, ranging from Web3 experts to blockchain developers.
The event will provide attendees with an excellent opportunity to speak with high-influence individuals and expand their network.

## Web3 and NFT meetup at the Arcade Apes bar

This one is hosted by [Web3 Events](https://www.eventbrite.co.uk/o/web3-events-57908379873), and it’s another intriguing [event](https://www.eventbrite.com/e/calling-all-web3-and-nft-enthusiasts-in-the-uk-tickets-481334082197?aff=ebdssbdestsearch&keep_tld=1) to consider attending if you're a crypto enthusiast. Happening on 18 February, you can head to the world's first Bored Ape Yacht Club bar, [Arcade Apes](https://arcadeapes.com/web3/), to participate. It seems like the perfect venue to host an NFT-related discussion and networking event.

There's one factor in this event that differentiates it from most other NFT events London offers, or elsewhere, it promotes participation of women and promises a 50-50 male-to-female cutoff at the event.

As for the itinerary, there will be a panel of speakers discussing the future of Web3 and how the industry can move forward productively. There will also be a Q&A if anyone has particular queries regarding any crypto-related topic.

To make networking easier, there will also be a bunch of fun board games to break the ice with. Locating the event won’t be too difficult, as the bar can be found on Google, and it's situated right next to the famous Buckingham Palace.

## Blockchain/Metaverse/NFT meet up at the Tower Suites

NFT events in London are one thing, but networking events where you can get a panoramic view of the entire city – now that’s a totally different experience. If you want to experience and take part in this fun event, head to the Tower Suites in London on 18 February. The event is organized by Stratis, a blockchain solution company founded in 2016.

Stratis has an entire blockchain architecture built on top of Bitcoin. It provides developers with a platform on which to build their blockchain-based apps and games.
The event will serve as an opportunity for like-minded individuals to come along and discuss the field of crypto and NFTs, networking their way to potential partnerships and deals. You can even head to the Skyline Bar to grab a few drinks, giving you a relaxed, comforting state of mind so you can go about your business without any worries.

## NFT evening at a ‘private members club’

The Luxe Club is hosting this [next event](https://www.eventbrite.com/e/crypto-nft-and-web3-networking-evening-at-a-private-members-club-in-london-tickets-523459781297?aff=ebdssbdestsearch&keep_tld=1) on our list, as it will take place on 20 February in Mayfair, London. If you're looking for high-profile NFT events in London, look no further than The Luxe Club, as it hosts monthly Crypto/NFT evenings for members to get together and discuss the industry's happenings.

This is also the only event on our list that requires an entrance fee for participation – all the others are free. The main reason behind the fee is probably the nature of the event itself, as you can expect a proper reception, a formal dinner, and private tables. Since the event is at a 'private members club', there ought to be a fee to ensure the experience is kept top-notch by the organisers.

If you're looking to attend the fanciest NFT events London offers, where you can get expensive drinks and a fine-dining experience, sign up for a cool £35 fee.

## Final thoughts

Although these aren't the only NFT events London will witness in February, they are some of the more exciting ones to look forward to. If you would like to join an entire crypto-related club and meet regularly with other members, we'd recommend going for the event presented by The Luxe Club – the last option on our list. It will not only help you expand your network, but also provide you with a luxury experience while at it!

However, for strictly business purposes and to speak with high-value individuals regarding potential deals and cooperation, you should go for the other events on the list.

Firstly, you won't have to pay an entrance fee. Secondly, you will be able to hear from industry-leading panellists regarding their experiences with crypto. Ideally, the goal is to learn, expand your professional circle, and grow!


Exciting NFT Events London Offers this Month 

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Moni Talks brings you the latest in NFT news, drops and analyses. 

Non-fungible tokens (NFTs) are unique digital assets that cannot be copied or exchanged for another type of digital asset. They are usually in the form of art, music and games.

An NFT allows someone to own a unique digital item. Popular NFT drops include Bored Ape Yacht Club, Disney, Adidas and Hugo Boss.

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