Yuga Labs is a well-known NFT company that continues to dominate the non-fungible token space due to projects like Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC). 

The $4 billion-worth company made history in 2022 when it acquired Cryptopunks and Meebits from Larva Labs, cementing its position as the leading brand in the NFT space. It now has its eyes set on dominating the Metarverse. 

## The Metaverse 

Yuga Labs first ventured into the [Metaverse](/news/article/metaverse-coins-future) in March 2022 by launching Otherside, a 3D virtual world developed as an online multiplayer game. 

The Otherside, like many other Metaverse platforms, offers an immersive experience of a virtual world where users can build different experiences and interact with other users. 

The game features plots of land called Otherdeeds. They are dynamic NFTs that can change according to the activities of users. Users also interact with Kodas, unique beings that serve as the game's foundation. Their energy helps keep the universe from collapsing. Kodas are also non-fungible tokens. 

Users got to first experience the Otherside universe in July 2021. 4,500 players were ushered into the game and could interact with their characters, speak to each other using 3D audio, and hear all other players at once. 

In March 2023, 10,000 players again got a first-hand experience with the Otherside universe. According to players who participated in the first and second trips, the experience was the same. 

It is worth noting that when the company first tested its Metarverse ambitions in March 2022, it generated $320 million from selling 55,000 Otherdeeds NFTs. The secondary sale of the NFTs has so far generated more than $800 million. 

As of writing, the floor price of an Otherdeed NFT is 1.2849 ETH on [OpenSea](https://opensea.io/collection/otherdeed). They are available for purchase on the marketplace. 

## About the company 

It was founded in February 2021 by two friends who, for a while, were known by their pseudonyms of Gordon Goner and Gargamel. They were later revealed to be Greg Solano and Wylie Aronow. 

The two, together with other friends, worked to launch the [BAYC NFT ](/news/article/bayc-nft-suffered-from-ftx-crash)collection in April 2021. The non-fungible tokens entered the market with an initial floor price of 0.08ETH (about $240 at the time). As of writing, their current floor price is 52.3 ETH (more than $90k). 

On June 2021, they launched Bored Ape Kennel Club (BAKC). They then launched MAYC in August 2021. In 2022 they acquired the rights to Cryptopunks and Meebits, growing their NFT projects. 

In February, the company announced the launch of its first-ever Bitcoin-based NFT project, TwelveFold. The NFT collection, comprising 300 generative art pieces, went live in March and garnered $16.5 million. 

## Conclusion 

Considering the milestone Yuga Labs has made in the Metaverse realm, it might have the chance to dominate the space. However, it faces stiff competition from Facebook, Apple, Google, and Microsoft, companies working hard to build their own Metaverse. 

yuga labs logo on image of bayc bored ape nfts with pink filter

Yuga Labs is taking over the Metaverse 

Niftygateway was founded by identical twins Griffin and Duncan Cock Foster in 2019. By his own account, Griffin admitted that he and the team were focused on building the technology and only fully realized their platform's potential when COVID-19-related lockdowns hit. 

By 2021, the platform had become widely popular and made lots of money for several early NFT traders. 

The success of Niftygateway attracted the attention of the Winklevoss brothers, owners of the crypto exchange Gemini. Gemini acquired the platform in late 2019, eventually adding a feature allowing users to transact using fiat currency. 

## What is the Niftygateway concept? 

Niftygateway is the largest NFT platform after OpenSea. The platform has three applications: web-based and mobile apps on Google Play and App Store. 

The concept is to provide a platform for users to buy, sell, and auction NFTs. If you are an NFT creator, the Drops section allows you to sell your NFTs directly to buyers exclusively. Otherwise, you can visit the Marketplace to buy NFTs for resale. You can also decide to auction any NFTs you have created or purchased, in which case you need to set a floor price for your product before the auction. 

Niftygateway charges gas fees of 5% on the NFT sellers, but these are charged only after an [NFT sale](/news/article/big-eyes-crypto-presale-explained). This is higher than competitors OpenSea and Rarible. It is also not possible to upload NFTs in bulk. You have to upload them one after the other. 

## Getting Started 

The starting point of your Niftygateway journey is to sign up using your MetaMask wallet. Working with your MetaMask wallet is easier as you can mine/create your NFTs using the wallet. Alternatively, you can sign up with your email and a password. 

Once you have signed up, you can trade NFTs via the Drops section or buy and resell NFTs from the Marketplace. The Drops section features the Verified or Curated Drops. Curated drops feature collections of high-quality, [limited-edition NFTs](https://coinmarketcap.com/nft/) exclusive to Niftygateway. 

The NFTs featured in the Curated Drops are sold by the creators directly. The Curated Drops are only available via a schedule after being verified by Niftygateway. They can also be purchased from the Marketplace, usually at a markup. 

pink image of niftygateway logo with photo of lady on a computer minting nfts

A quick 2023 review of the Niftygateway platform

Despite the creators deciding to remain anonymous, the Cool Cats NFT series is a blue-chip NFT brand with a global community in support.

Beginning life as a simple comic character, 'Blue Cat', the Cool Cats have become a globally recognised brand of digital collectables, animated content, comics, games, and merchandise.

The team behind the NFT collection strives to create a compelling and authentic spark that incorporates innovative products and experiences alongside storylines, immersing the fanatical community into the world of Cooltopia through the adventures of Blue Cat and his friends.

The Cool Cats NFT series aims to become a leading entertainment brand that promotes [inclusivity](https://coolcatsnft.com/) while celebrating 'cool through community-centered storytelling and innovation'.

## GameFi

Inspired by the creation of Blue Cat in 2013, Cool Cats is a collection of 9,999 NFTs hosted on the Ethereum blockchain. With each NFT assembled from a collection of over 300,000 outfits, facial expressions, and background colours, every randomly generated Cool Cat NFT has its own rarity score and tier.

With such a big emphasis on community, Cool Cats has a massive audience of adoring fans. Discord, Instagram, TikTok, Twitter, and YouTube provide the main community resources, but interested parties can also find more information at the official [Cooltopia Resource Hub](https://cooltopia.coolcatsnft.com/).

As well as Cool Cats, fans can purchase Cool Pets, a collection of an additional 19,999 NFTs that are 'procedurally generated' through item interaction. The idea is that pets begin as an egg and evolve into their final form – a little like the Tamagotchi toys of old. Users evolve their pets through [the Cool Cat GameFi platform](https://cooltopia.coolcatsnft.com/), meaning the final Pet is one of 17 million different outcomes.

Players also have the opportunity to purchase one of 11,575 'Fractures', allowing holders to participate in the journey of Blue Cat through Cooltopia, earning rewards as they go. Once the Fracture has achieved full strength (i.e., at the end of the journey), the item is burnt, and the NFT is revealed.

## Wallets

As with other NFT collections, it helps to understand crypto, specifically wallets, before you decide to purchase a Cool Cat. Supported wallets so far include MetaMask and Coinbase Wallet. Connection is relatively straightforward.

Cool Cats, Cool Pets, and Fractures are available on popular [NFT marketplace](/news/article/nft-art-marketplaces) [OpenSea](/news/article/guide-to-minting-nfts-opensea). For loyal fans eager to show their allegiance, a range of merchandise is available to purchase from the [online store](https://store.coolcatsnft.com/).


cool cats nft on pink background image of cooltopia

Cool Cats NFT: Welcome to Cooltopia

Summer Swap token was a reward earned from FIFA's Summer Swaps program. The program tasks players with [earning the tokens](/news/category/gamefi) through the completion of in-game objectives and Squad Building Challenges (SBCs). Once players understood how to get the token, and earned them, they can be traded for rewards. 

## Summer Swaps 2 

This is the latest token system in FIFA 22. Players can earn a total of 50 tokens from the program. Tokens earned can be redeemed for the following untradeable rewards: 

- 1 Token – 82+ x25 Players Pack. 

- 2 Tokens – 83+ x25 Players Pack. 

- 3 Tokens – 84+ x25 Players Pack. 

- 4 Tokens – Icon Moments Zambrotta. 

- 5 Tokens – 85+ x20 Players Pack. 

- 8 Tokens – 94+ Shapeshifter Player Pick (1 out of 4 player options). 

- 10 Tokens – 86+ x15 Pack. 

- 12 Tokens – Hero Shapeshifter Player Pick (1 out of 5). 

- 15 Tokens – 93+ Icon moments Player Pick (1 out of 3 player options). 

- 17 Tokens – 95+ Shapeshifter Player Pick (1 out of 5). 

- 20 Tokens – Ben Yedder Futties 97 OVR. 

- 24 Tokens – 95+ Icon Moments Pack. 

- 27 Tokens – Ben Yedder Futties 98 OVR. 

- 30 Tokens – Di Natale Shapeshifters Hero 97 OVR. 

- 32 Tokens – 96+ Shapeshifters Player Pick (1 out of 5 player options). 

- 34 Tokens – 94+ Icon Moments Player Pick (1 out of 4). 

- 36 Tokens – Icon Moments Cruyff. 

The more tokens collected, the better the rewards. 

## How to get the Summer Swap token 

- 1st token - Chris McCann: Earned after logging into FUT (FIFA Ultimate Team). 

- 2nd token - Joe Murphy: Earned by completing Maxwel Cornet Futties Objectives plus Murphy token. 

- 3rd token - Luke McCormick: Obtained by completing FUT 14 SBC (Squad Building Challenge). 

- 4th - Tomas Durso: Earned by completing Against the Tide (SBC). 

- 5th and 6th tokens - Danny Musovski and Ian Bermingham: Obtained by completing Objectives Win 4 Belgium. 

- 7th and 8th - Mark Oxley and Lars Nieuwpoort: Earned by completing Objectives Win 4 Uruguay. 

- 9th and 10th tokens - Shunsuke Ando and Matthis Harsman: Obtained by completing Objectives One Nation Germany. 

- 11th and 12th - Thijs Jansen and Barry McNamee: Earned by completing Objectives One Nation Netherlands. 

- 13th token - Rorry Gaffney: Obtained by completing Performance is Key (SBC). 

- 14th - Lewis Thomas: Earned by completing Futties Voting Day (SBC). 

- 15th - Dominic Bernard: Buy Futties Foundation Pack. 

- 16th - Waniss Taibi: Complete Casemiro Futties Objectives and Bernard Token. 

- 17th - Camilo Albornoz: Complete Bundesliga TOTS Challenge 3. 

- 18th - Antoine Lejoly: Complete Ultimate TOTS Challenge 3. 

- 19th and 20th - Abdelkabir Abqar and Erik Majetschak: Complete Objectives Win 4 Argentina. 

- 21st and 22nd - Ali Youssef and Ousoumane Camara: Complete Objectives Win 4 Brazil. 

- 23rd and 24th - Lassine Sinayoko and Feyzi Yildirim: Complete Objectives One Nation Portugal. 

- 25th and 26th - Ouparine Djoco and Jack Sowerby: Complete Objectives One Nation France. 

- 27th - Lenny Lacroix: Complete TOTY Challenge 4. 

- 28th - Yosuke Yuzawa: Complete Gelson Martins Futties Objectives and Yuzawa Token. 

- 29th - Pius Kratschmer: Complete Headliner SBC. 

- 30th - A Ndiaye: Complete Shapeshifters Challenge 15 SBC. 

- 31st and 32nd - Abdulwahab Jafar and Jubril Okedina: Complete Summer Swaps III Win 4 Mexico. 

- 33rd and 34th - Dean Lyness and Jaiber Jimenez: Complete Summer Swaps III Win 4 Spain. 

- 35th and 36th - Umut Gunes and Goro Kawanami: Complete Summer Swaps III Objectives One Nation Italy. 

- 37th and 38th - Anthony Uzodimma and Asahi Masuyama: Complete Summer swaps III One Nation England: Win 4 matches in the live FUT friendly. 

- 39th - Hugo Novoa: Win strategy SBC. 

- 40th - Jorge Padilla: buy Futties Foundation Pack. 

- 41st - Yanis Cimignani: Porto vs. Sporting SBC in Marquee Matchups. 

- 42nd and 43rd - Ugo Bertelli and Shilow Tracey: Win 4 Poland: Win 4 Squad Battles matches on min. Professional difficulty with 11 Polish players in your starting squad. 

- 44th and 45th - Edgar Lopez and Halldor Stenevik: Win 4 Switzerland: Win 4 Squad Battles matches on minimum professional difficulty with 11 Swiss players on your starting squad. 

- 46th and 47th - Krisztofer Horvath and Damian Isac: Finish Summer swaps IV Objectives One Nation Belgium. 

- 48th and 49th- Angel Zapata and Abdulaziz Majrashi: Complete All summers swap IV Objectives One Nation Brazil. 

- 50th summer token - Kyle Taylor: Earned by completing All Summers Swaps IV milestone. 

## Conclusion 

[Summer Swaps 2 ](https://earlygame.com/fifa/fifa-22-summer-swaps-tokens-rewards)was launched on 29 July, 2022, and players had up to five weeks to earn the 50 tokens. The live event ended on 29 August, 2022. Those lucky to get the tokens redeemed them for various gaming rewards, including players and packs. The [tokens](/news/article/augmented-reality-tokens-explained) were redeemable for rewards between 12 August and 29 August. 

Hopefully this helps explain how to get Summer Swap token as a FIFA 22 player. 

summer swaps token image with pink filter

How to Get Summer Swap Token

[Volt Inu](https://voltinu.in/) is a crypto project that aims to become a one-stop shop for DeFi projects. Launched in December 2021, it has quickly become a project worth watching in the crypto space. 

The project boasts an ever-expanding ecosystem that currently consists of a decentralized exchange, NFT collection, and crypto-based games, with more services on the way. It is on the Ethereum, Polygon, and Binance networks, with plans to expand to more networks. 

## Ecosystem 

The project’s ecosystem comprises; 

·         Voltichange 

[Voltichange](https://voltichange.net/) is a deflationary decentralized exchange. It enables users to trade any BEP20 or ERC20 token with a 0.25% fee that the system burns. The exchange provides crypto holders with a deflationary way to increase the value of their tokens. 

The exchange also helps cryptocurrency projects burn their token supply. There is a [widget tool ](https://voltichange.net/widget)that enables crypto projects to provide their users with an easy way to buy directly from Voltichange while burning their supply at the same time. Other notable features include a trending bar, token data, and favorite trades, which make trading easier. 

·         VDSC 

[Volted Dragons Sailors Club (VDSC)](https://volteddragons.com/) is an NFT collection of 10,000 3D dragons. The dragons are ERC-721 tokens on the Ethereum blockchain. They each have unique properties and traits that differentiate them and increase their rarity. 

The NFTs are available for purchase on OpenSea and other NFT marketplaces. Once you become a holder, you get exclusive access to future collections, exclusive rights, and revenues within the VOLT ecosystem, among other perks. 

·         Voltigames 

[Voltigames ](https://game.voltinu.in/)are [play-to-earn](/news/article/free-play-to-earn-games) games that offer multiple ways to earn VOLT tokens. 2D Racers is the first play-to-earn (P2E) game announced on the platform. It is an online racing game that can be played on browsers. 

In February, the crypto project released the first version of its NFT-focused game, Battle Royal, which can be played online. The game displays a fictional world of dragons that take part in battles on their island. VDSC NFTs are the backbone of the game. 

## VOLT 

VOLT is the native utility and governance token of the platform. It is a deflationary token that was launched on the Ethereum blockchain. It is designed to generate passive income for its holders through NFT fractionalization and node acquisition. 

The token is currently worth $0.000001697 and ranked the 289th largest cryptocurrency by market cap, valued at $92,810,418 by [Coinmarketcap](https://coinmarketcap.com/currencies/volt-inu-v2/). It is available for purchase in more than 100 exchanges, including Gate.io and Bittrue. 

The tokens have a max supply cap of 69,000,000,000,000 coins. There are currently 54,766,287,142,827 of them in public circulation. 

Besides purchasing the tokens, you can also earn them by participating in various activities in its ecosystem, including playing the P2E games, 2D racers, and Battle Royale. 

## Is Volt Inu a good investment? 

VOLT tokens' current market price makes them the best choice for beginner crypto investors. However, according to many cryptocurrency prediction platforms, the tokens are not the best choice if you are looking to make quick returns. They are better left as a long-term investment option. 

According to DigitalCoinPrice, the tokens might trade at an average price of $0.00000334 in 2023, $0.00000410 in 2024, $0.00000596 in 2025, and $0.00000743 in 2026. Digitalcoinprice predicts that even by 2032, the tokens will still not be trading above 1 cent. 

Priceprediction predicts the coins might trade at an average price of $0.00000199 in 2023, $0.00000288 in 2024, $0.00000419 in 2025, and $0.00000597 in 2026. Like Digitalcoinprice, Priceprediction does not see VOLT hitting the 1 cent price even by 2032. 

Ambcrypto, another popular crypto prediction site, predicts the tokens might trade at an average price of $0.0000011 in 2023, $0.0000026 in 2024, $0.0000034 in 2025, and $0.0000044 in 2026. 

All crypto prediction sites and analysts agree that the tokens might take a long time before they even trade above 1 cent. One[ prediction platform](https://crowdwisdom.live/crypto/volt-inu-price-prediction/) even calculates that it might take close to 40 years for the token to trade above 1 cent. However, this is the crypto space, and it is highly unpredictable. 

## Latest news 

Volt Inu's latest news reveals that its native utility token was recently listed on Huobi Global, a leading crypto exchange. The news was announced on 8 March, 2023, via [Twitter](https://twitter.com/VoltInuOfficial). 

The move is one of many Volt Inu is making to increase its native token's legitimacy and accessibility. The more people have access to the token, the better its price appreciation chances. 

## Conclusion 

Volt Inu is an ambitious cryptocurrency project looking to take over the DeFi space. According to its road map, it has already accomplished a lot and is still working on more ways to add to its services and expand its user base. 

The native token might not be performing well, but it still stands out with its use cases. The token is worth watching out for, especially as its ecosystem continues to expand and more people find their way into it. 

volt inu logo on pink image of blockchain

What is Volt Inu?

## The world of one-of-a-kind Batz on CryptoBatz 

CryptoBatz is a platform that allows users to buy, sell, and trade unique digital collectables known as Batz. 

Batz are unique digital collectables stored on the Ethereum blockchain as non-fungible tokens (NFTs). 

Each Batz is a one-of-a-kind NFT that features a different cartoon bat character. The cartoon bat character is the same across all Batz, but each NFT has a unique combination of color, background, and other features that make it distinct. 

Batz differ from other NFTs in that they are designed to be a unique form of digital collectable. Other NFTs, such as [CryptoKitties](https://www.cryptokitties.co/) and [Art Blocks](https://www.artblocks.io/), may have a wider range of uses and applications beyond being collectable. 

## The Rise of CryptoBatz 

Batz are [a unique form of digital collectable](https://www.cryptobatz.com/#story) that offer several benefits to those who own them. They are stored on the Ethereum blockchain as NFTs and can be bought, sold, and traded on various NFT marketplaces. The unique designs and potential value make them a popular choice for those interested in digital art and collectables. 

## Uses for Batz 

Batz can be used in various ways, from displaying them as digital art to participating in Batz Battles, a game feature on CryptoBatz. 

Here are ways to use your Batz: 

- Display your Batz: Batz can be displayed as digital art in various ways. For example, you can set your Batz as your computer screensaver or display it on a digital picture frame. 

- Trade your Batz: Batz can be traded on [various NFT marketplaces](/news/article/nft-tax-uk-rules-explored), allowing you to profit from the value of your Batz potentially. 

- Participate in Batz Battles: Batz Battles is a game feature on CryptoBatz where users can battle their Batz against other users' Batz for a chance to win prizes. In Batz Battles, each Batz has unique stats that determine its strength in battle. You can upgrade your Batz's stats by purchasing upgrades on the CryptoBatz marketplace. 

- Collect Batz: For many users, collecting it is a hobby. Each Batz is unique, so collecting Batz can be a fun and rewarding experience. 

cryptobatz nft on pink background image of bats

CryptoBatz: The World of One-of-a-Kind Batz

[Binance](/news/article/binance-linked-to-bitzlato) is a renowned cryptocurrency exchange that has gained popularity among crypto traders for its user-friendly experience and low fees. The exchange has expanded its offerings to include NFT, providing a platform for people to buy and sell a variety of NFTs, including art, gaming, sports, entertainment, and collectables. 

However, it's important to note that this trading platform is exclusively accessible to Binance account holders and unavailable to US residents. This is due to regulatory requirements. For US residents, the exchange has a separate platform called Binance.US, which currently does not facilitate NFT trading. 

## Binance NFT marketplace features 

The platform enables its users to trade NFTs through its app or web browser with lower fees than many other competitors in the market. It offers a diverse selection of NFTs, specifically emphasising gaming-related items. 

#### Blockchain 

The platform facilitates three distinct blockchains - Binance Smart Chain (BSC), Ethereum (ETH), and Polygon. Recently, it [announced ](https://www.binance.com/en/support/announcement/binance-nft-marketplace-now-supports-polygon-network-eac85f662fb94fe69742584b36cb75d8)its integration with the Polygon network and mentioned that only selected ERC-721 collections are currently available. 

Although Ethereum is widely recognised as the most prevalent NFT blockchain, its high gas fees have increased the popularity of alternatives like Binance Smart Chain. Overall, deposits and withdrawals of NFTs are feasible from either of the three crypto networks. 

#### Services 

Binance NFT marketplace provides users a platform to buy and sell digital tokens. The platform enables pre-approved artists to mint their NFTs, although this feature is not presently accessible to regular users. The users can participate in auctions, purchase mystery boxes or opt for fixed prices while trading on the marketplace. The marketplace also features premium auctions, including five masterpieces from the Hermitage museum and a range of exclusive moments from the Associated Press. 

#### Supported wallets 

When purchasing NFTs, buyers must consider a safe storage location for their digital assets, where wallets come into play. Binance supports several non-custodial wallets, including WalletConnect, [MetaMask](/news/article/how-to-withdraw-from-metamask), and Binance Chain Wallet. 

While some investors may choose to store their NFTs on the platform where they bought them, known as a custodial wallet, Binance claims that its custodial wallet is highly secure and backed by the Secure Asset Fund for Users (SAFU), an insurance fund created by the platform. 

#### Payment method 

To trade NFTs on this marketplace, users are required to have Binance Coin (BNB), Binance USD (BUSD), Ethereum (ETH), or MATIC. It is important to note that direct purchase of NFTs using cash is not yet possible; however, depositing fiat money and converting it to cryptocurrency is relatively straightforward. 

#### Fees 

Transaction fees can be incurred for trading, depositing, withdrawing, or purchasing NFTs on the platform. Various factors, such as the current market conditions and the network status, determine the fee amount. 

While depositing NFTs to the platform, the gas fees depend on the blockchain used by the user. For trading, the platforms charge flat 1% of transaction fees. 

The minting fee for each [NFT](/news/article/nft-farming-explained) produced on the Binance Smart Chain is 0.000001 BNB. The amount of minting fees may vary based on the current market value of BNB. 

The platform reimburses its original creators with a 1% royalty fee every time their created NFTs sell.  

## NFT range available on the platform 

Binance NFT marketplace is a platform that acknowledges the significance of creators in the developing NFT ecosystem and strives to enhance value for all types of creators. The platform has adopted a creator-first approach to achieve this, offering some of the industry's most competitive transaction fees. Notably, Binance NFT's curated "Premium Event" collections provide artists with a 90% share of the purchase proceeds, setting a new benchmark for NFT rewards. 

The marketplace offers various NFTs across categories: premium, art, sports, gaming, entertainment, collectables, and NFT for Good. Binance's NFT for Good collection aims to raise funds for charitable causes. 

As of the beginning of 2022, more than 1,000 artists were onboarded on the platform, and more than 2.5 million NFTs have been listed. Users can filter their searches based on category, file, sale, and currency. The price is displayed in the user's native currency, eliminating the need for converting BNB, ETH, or [MATIC](/news/article/polygon-announce-hard-fork) into other currencies. 

Binance strongly focuses on gaming NFTs and claims to be the largest gaming NFT platform. The platform provides an IGO for new gaming projects, allowing early access to buying land or in-game items. 

Additionally, the Binance NFT marketplace offers mystery boxes for sale, which could contain a common or super rare NFT. Since the contents of the mystery box are not revealed until opened, purchasing them involves a certain amount of risk. 

## Platform perks 

The Binance NFT marketplace offers its users a handful of trading perks using its platform.  

#### Low fees 

The [Binance NFT marketplace](https://www.binance.com/en/nft/home) applies a fixed 1% fee for every transaction, which is comparatively lower than many other leading NFT marketplaces. While users are required to bear the gas fees associated with the transactions, which can be substantial on the Ethereum blockchain, they can minimise these fees by selecting the Binance Smart Chain. New purchasers seeking cost-effective NFTs can obtain items for as little as $1; however, it's essential to note that many less expensive NFTs are game-related. 

#### Ease of use 

A significant benefit of linking to a prominent cryptocurrency exchange is that new NFT purchasers are relieved of the concern of selecting the correct cryptocurrency and transferring it to an external digital wallet. The Binance platform manages all aspects, including depositing traditional currency and converting it to cryptocurrency. Moreover, Binance offers a comprehensive collection of NFT educational resources, such as webinars, that facilitate the process. 

#### Big-name collaborations 

The platform has the advantage of being able to attract high-profile projects. The previous year, the company launched premium auctions in collaboration with esteemed institutions such as the Hermitage museum and the Associated Press. The Associated Press collection showcased noteworthy news events from the past century, such as the fall of the Berlin Wall and the first human spaceflight. 

In addition, Binance established partnerships with prominent fashion labels, including Vogue [Singapore](/news/article/circle-paxos-crypto-approval-singapore), Balmain Paris, and Jimmy Choo, as well as renowned figures in the music and entertainment industries. 

## Bottom line 

The Binance [NFT marketplace ](/news/article/largest-nft-marketplace-2023)has gained immense popularity by capitalising on the trend of non-fungible tokens. Since its launch in June 2021, it has established itself as a leading NFT marketplace in the industry, alongside Opensea and others. 

The marketplace operates on a dual-chain architecture, which increases liquidity and enables regional and established artists to expand their reach through Binance's extensive user base and network effect. Users can access the marketplace using their Binance wallet account and view Ethereum-based NFTs on the same network as Binance.com. 

binance nft logo in front of pink image of cryptocurrency assets

Binance NFT Marketplace Explained

The Angry Cats NFT collection is one of the most popular around. The [NFT collection](/news/article/nft-market-2023) comprises a set of 10,000 different cats that represent a cultural identity. The NFTs were launched on Ethereum (ETH) in September 2022 and are part of the profile picture (PFP) category. 

We analysed purchase records of the NFTs and determined that its total trading volume and the number of sales have been exceptional lately. 

 ![angry cats nft homepage](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_03_30_at_11_39_35_a80aa596a9.png)


## What is an Angry Cat? 

An [Angry Cat](https://angrycat.io/home) understands the basic emotion of anger that every human has likely experienced in their lifetime. Angry Cats not only understand this emotion but identify with it and accompany their human companions on their respective journeys, helping them conquer their anger and realise the fruits of their struggle. 

 ![kitties land nft website page](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_03_30_at_11_39_43_0dfc783b6f.png)

Your Angry Cat will stick with you through thick or thin. It will help you fight this emotion and cross all the hurdles life places on your path to success. As the website mentions, "Together with the fighters, we break the rules, meow or never"! Quite catchy. 

Built on ERC-721W technology, the implementation complies with IERC721 technology. Bluechip NFT holders will thus receive signature-free whitelisted secure mint solutions in the case of a new launch. Another interesting feature is Build Home, which we will explore later. 

First, let us understand the basics of the NFT collection. 

## Angry Cat basics and analytics 

As mentioned earlier, there are 10,000 Angry Cats NFTs. According to [OpenSea statistics](https://opensea.io/collection/angrycat-official/analytics), the total trading volume at the time of writing is 1,722 ETH, with a floor price of 0.0648 ETH. Currently, 245 NFTs are listed on OpenSea, or around 2% of the total supply, with 17% unique owners of the circulating collection. 

 ![angry cats nfts on opensea website](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_03_30_at_11_39_49_678132227a.png)

The creators of the NFTs receive 7.5% of earnings. [To purchase an Angry Cat](/news/article/guide-to-minting-nfts-opensea), hover your mouse icon over the PFP art of your fancy, and click on Add to Cart. Click on the cart icon and complete the purchase. You can complete the payment via crypto or credit/debit card. 

Once the payment is complete, you can send the NFT to any Ethereum-compatible wallet. MetaMask is one of the best options available for the same. 

When purchasing an NFT, it is important [to analyse](/news/article/nft-tax-uk-rules-explored) the short and long-term potential of the collection as a whole and to identify the NFTs with special features that may make them more valuable than others in the future. Angry Cats, for example, has a vibrant community on Discord and more than 60k followers on Twitter! 

 
![angry cat tweet](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_03_30_at_11_39_57_4f7688a589.png)

Source: Twitter (@angrycat_nft) 

Talking of Twitter, the collection's recent partnership announcement with Conflux Network made waves. It was one of the Twitter handle's most-viewed tweets of all time. You should gauge the potential of such partnerships, for example, when making an investment decision. 

This partnership announcement was one of the primary reasons why the total trading volume of the NFT collection rose nearly 500% between 13 February and 13 March, 2023 (the partnership was announced on 23 February). Total sales increased by over 700% in the same period! 

Currently, E16A30 holds the most Angry Cats, with 299 NFTs to this name, or in other words, 2.99% of the total supply. Four other collectors hold three-digit figures from the digital art collection. Another feature of interest is the collection’s Build Home facility. What is it exactly? 

## Angry Cats: Build Home feature 

The Meow Castle program (as the Build Home feature is called) launched on 10 December, 2022. To access the feature, you must first connect the wallet in which your NFT is present. You can now stake your digital collectible to receive staking rewards in the form of W, an ERC-1155 token. 

The staking velocity steadily increases with the number of days you stake your NFT for. For one to three days, for example, you will receive 0.02 W per day. This number increases to 0.1 W per day if you stake for 19 days or more. 

Rare elements will receive a bonus of up to 18% per day. Bonus traits include Copper Badge, Gold Badge, Patch, Paint, Panda, Cold Machina, Royal Machina, Rainbow Coral, Topless, and a couple of Eye features. The deflation rate of W is 10% every couple of months. 

The token can be traded on [secondary markets such as OpenSea](/news/article/opensea-nft-lays-off-employees). Additionally, W holders receive perks such as Angry Cats-related addresses and domains in the future, the opportunity to participate in derivative projects, free use of the paid features of projects it is in a partnership with, etc. 

It should be noted that W holders will receive an additional staking income of 30-50%, based on the royalty of other projects obtained through Angry Cats’ investment banking business model (exit, market making, issuance). As always, you must DYOR and ask all the right questions before making an investment decision. 

While an Angry Cats NFT is [relatively cheap](/news/article/bored-bunny-nft-price) at the moment, you must ask yourself whether it is worth purchasing one or more. 



pink image of cats  and angrycats NFT paw in front of nft sign

Angry Cats NFT Collection: Should You Buy?

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 

Yuga Labs, the company behind Bored Ape Yacht Club, released new information regarding the second trial of its gamified Otherside [Metaverse](/news/article/metaverse-vr-project-guide) platform on Wednesday.

The "second trip" will [occur](https://news.yuga.com/otherside-2nd-trip) on 25 March and consist of a two-hour narrative adventure led by four team captains from Otherside.

This trip is exclusively available to holders of Otherdeed NFTs, representing land in the unreleased Otherside Metaverse. Each Otherdeed holder, known as a "voyager", can invite a companion to join them in the adventure. The live experience can accommodate up to 10,000 voyagers on a first-come, first-served basis. Non-holders can watch a live stream of the event on the company's YouTube channel.

## Yuga Labs' Otherside an intersection of the brand's umbrella projects

According to an [interview](https://www.coindesk.com/web3/2022/12/21/see-you-on-the-otherside-how-yuga-labs-is-bringing-its-billion-dollar-business-into-the-metaverse/) with CoinDesk in December, Wylie Aronow and Greg Solano see [Yuga Labs’](/news/article/yuga-labs-explained) Otherside as the nexus of all the company's brand portfolio projects. In April 2022, the company hinted at its Metaverse aspirations by introducing a platform where players could possess the land and transform their current NFTs into playable avatars. Yuga Labs launched 55,000 Otherdeed NFTs connected to virtual land ownership, generating approximately $320 million in prior sales.

In July 2022, the company held its inaugural event for more than 4,600 participants, causing significant congestion on the [Ethereum](/news/article/ethereum-pow-price-prediction) network. Those who joined the first trip and are voyagers on the second trip will have the chance to obtain a distinctive [Obelisk Piece](https://otherside.xyz/my-otherdeeds) connected to the broader Otherside storyline. As per OpenSea's data, the total sales of Otherdeed NFTs have amounted to 524,130 ETH, which is approximately $806 million. At the time of writing, the minimum price for an Otherdeed NFT is 1.9 ETH, equivalent to $2,920.

The Otherside ecosystem is built around digital communities and blockchain technology, presenting chances for individuals to own digital land and use the native currency, [ApeCoin](/news/article/ape-coin-price). This currency is critical in powering interactions and transactions within the Metaverse's economy. By possessing digital land through "Otherdeeds", users can curate their immersive events and experiences.


pink image of otherside metaverse trip by yuga labs

Yuga Labs' Otherside Sails Again 

Snoop Dogg is announced as one of the co-founders of Shiller, a Web3-based livestream platform for creators. This investment marks another Web3 collaboration for the well-known hip-hop artist.
Shiller will heavily incorporate blockchain technology, enabling content creators to "token-gate" their streams and promote non-fungible tokens or other e-commerce products. These content creators can receive payment in [Ether](/news/article/ethereum-pow-price-prediction) (ETH) or NFTs, which can be exchanged for fiat currency. 


The Snoop Dogg investment and partnership list includes one with Sandbox in April last year to introduce the "Snoop Avatars" NFT collection. He released the hip-hop track "A Hard Working Man", followed by a 50,000-piece NFT release. He also teamed up with [Yuga Labs](/news/article/yuga-labs-explained), the creators of Bored Ape Yacht Club (BAYC) and CryptoPunks, to perform on a Metaverse-transformed stage at 'MTV's Video Music Awards'. Furthermore, Snoop Dogg has recently become the "[Chief Ganjaroo Officer](https://www.prnewswire.com/news-releases/roobet-announces-partnership-with-entertainment-legend-snoop-dogg-301759861.html)'' at Roobet, a crypto casino, as announced by Roobet on 1 March.

## Shiller launches as part of growing creator economy

The launch of Shiller is likely a part of the broader creator economy movement anticipated to involve Web3 technology. Web1 allowed users to read content and write HTML, whereas Web2 facilitated user-to-user interactions, popularised by a few social media giants, including Facebook, Google, and YouTube. [Web3](/news/article/web3-games-raised-millions) seeks to remove intermediaries by empowering creators to own their content and its revenues fully. Platforms like Shiller emphasise the empowerment of creators to take ownership of their content without the intervention of any centralised intermediaries such as social networking platforms.


Shiller will enable creators to have greater control over the monetisation of their content. According to a [statement](https://shiller.io/dogg/), Snoop Dogg, the co-founder of Shiller, expressed his enthusiasm for partnering with London-based tech entrepreneur Sam Jones to launch the platform. He believes that Shiller allows creators to reach their fans in distinctive ways and monetise their content on their own terms, aligning with his philosophy of directly engaging with his fans.


snoopdog dancing next to Shiller app logo

Snoop Dogg Investment in Shiller 

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.


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