The non-fungible token (NFT) market has progressed remarkably in recent years. The main reason behind its triumph has been digital art and artists. 

Due to the use of tech and new trends in the art industry, a novel way of expressing creativity emerged. It has allowed artists to express themselves freely and provided aesthetes new ways of admiring art pieces. 

But what exactly is digital art, and how is it being used as NFTs? Let’s discover how it shaped an entirely new market worth [$38.2 billion](https://www.globenewswire.com/en/news-release/2023/05/18/2671911/0/en/NFT-Market-size-to-Cross-USD-342-54-Billion-By-2032-With-an-27-60-CAGR-by-2032-Report-by-Market-Research-Future-MRFR.html#:~:text=As%20per%20the%20documents%2C%20the,a%20digital%20or%20physical%20asset.).  

## What is digital art? 

It is a form of artwork that you create or showcase using different digital tech. It is a broad category that includes a range of artworks like digital drawings, paintings and 2D/3D illustrations, animations, pictures, videos, and even virtual sculptures. 

The digital tech used for creating an artwork could be software or hardware. It may include tools like Adobe Photoshop, Procreate, or Illustrator. On the other hand, if you use tablets, phones, laptops, or computers to create an artistic piece, it will also be classified as digital artwork.  

It is a vast field that is being used in various domains like: 

- Advertising and graphic design. 
- Illustration and publishing. 
- Video games and animation. 
- Film and television. 
- Fine art. 
- Photography. 
- Web designing. 

## Origins of digital artwork 

The term's origin goes back to the early 1980s when the first paint program was invented. It was pioneered by the renowned artist Harold Cohen, the creator of AARON. This was a robot that could create drawings on large paper sheets. 

After that, in the 1990s, as technology evolved and allowed us to download images and videos on computers, it made way for photo manipulation. This was the building block for modern filming art. Moreover, it gave artists the creative freedom to experiment with visual and audio content. 

In the 2000s, creatives got even more options with the evolution of computers and mobile phones. Different types of devices allowed them to create artwork entirely virtually. 

Tools and software also evolved from basic Microsoft Paint programs to highly advanced tools like Adobe Photoshop. 

Later, techs like advanced AI models, AR, VR, blockchain, and others helped us make artworks more interactive and realistic. The art pieces we see around us today are mostly digitised because of these wonderful technologies.  

## Digital art and non-fungible tokens (NFTs) 

One of the technologies that has really helped digital art thrive is [blockchain](/news/article/what-is-blockchain). The idea of turning artwork into NFTs has empowered the artists. It allows them to ensure that the ownership of their one-of-a-kind work remains with them. It also helps artists financially by allowing them to sell or rent their work only when and if they want. 

Moreover, no one can use an artist’s work without permission if it is an NFT. The reason is that NFTs use blockchain tech, which gives the artwork a unique ID and keeps a record of its ownership. That’s why selling and renting artwork has become relatively easy with the use of blockchain.   

How to convert your digital art into NFTs 

If you are a creative digital artist looking to turn your art pieces into NFT for selling or showcasing, here's what you need to do. 

1. Firstly, select a digital artwork file you want to convert into an NFT. It could be an image, audio, or video. 
2. Then, research the blockchain on which you want to mint the NFT. There are numerous options like Ethereum, Solana, Bitcoin, or Polygon. Each one has different benefits, so choose one according to your requirements. 
3. Once you have selected a blockchain, [choose a crypto wallet](/news/article/best-crypto-wallets) to keep your NFTs and crypto.  
4. After that, [select an NFT marketplace](/news/article/nft-art-marketplaces) where you can sell your art. OpenSea, Rarible, and [Magic Eden](/news/article/magiceden-marketplace) are the top options, but you should go for one as per the blockchain you chose. 
5. Then, integrate your cryptocurrency wallet with the marketplace you selected. Ensure that it has crypto so you can pay the gas fee later.  
6. Once you have connected the wallet, you can upload your file to the marketplace and select Mint.  
7. After clicking Mint, the platform will charge a gas fee for the transaction. Confirm it, and your artwork will be minted as an NFT.  
8. Finally, you can put it on sale in the marketplace by setting an appropriate price.  

Follow this process and you can easily turn your digital artwork into NFTs. 

## Closing thoughts 

Digital art is any creative production that you make through the use of technology. In the last two decades, it has evolved tremendously because of the evolution of tech. 

However, NFT and blockchain technology have been a complete game-changer for artists and admirers. 

Due to the possibility of converting art pieces into NFTs, artists enjoy royalties and complete ownership. It also allows aesthetes to collect their favourite virtual artwork. 

Digital art and how to convert it into NFT

The Guinness World Record-winning [teamLabBorderless Tokyo](https://www.teamlab.art/e/borderless-azabudai/) facility is set to reopen in January 2024 in Azabudai Hills, Central Tokyo, over 16 months after the Odaiba facility was shut. 

While teamLab has not announced a concrete reopening date, this is exciting news for all art enthusiasts. 

teamLabBorderless Tokyo is a world-renowned art museum that won the 2021 Guinness World Record for being the "Most Visited Museum" devoted to a single artist or group - millions flock to the museum annually. The art exhibition was also included in the TIME list of "[World’s 100 Greatest Places](https://time.com/collection/worlds-greatest-places-2019/)" in 2019. High accolades, indeed! 

The new facility promises to be an exciting recreation of the Odaiba facility, featuring a few familiar installations and a series of interactive works of art that both locals and tourists have never seen before in Japan. 

![Team Lab digital art exhibition](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_10_12_at_15_21_29_f6cc5715c6.png)

## What is teamLab? 

Founded in 2001, teamLab is an international art collective featuring the artistic confluence of artists, architects, mathematicians, CG animators, engineers, and programmers. The installations featured in teamLab's facilities navigate the merger of art, the natural world, science, and technology. 

teamLab's group of interdisciplinary specialists transcend the boundaries of the perception of reality by exploring the relationship between the self and the world as we see it. According to them, "Everything exists in a long, fragile yet miraculous, borderless continuity." 

[teamLab exhibitions](https://www.teamlab.art/) have been held worldwide, in cities such as Melbourne, Beijing, Singapore, Paris, London, and New York. Large-scale [permanent exhibitions](/news/article/nft-art-marketplaces) and museums include teamLabBorderless and teamLab Planets in Tokyo, teamLab SuperNature Macao, and teamLabBorderless Shanghai. 

As we have mentioned before, the teamLabBorderless facility in Tokyo is reopening early next year in Azabudai Hills. teamLab will open more [exhibitions/museums in other cities](/news/article/10-upcoming-nft-projects) such as Utrecht, Jeddah, Beijing, and Abu Dhabi soon. 

teamLab's artistic creations are in the permanent collection of Amos Rex, Helsinki, Art Gallery of South Australia, National Gallery of Victoria, Melbourne, Borusan Contemporary Art Collection, Istanbul, Art Gallery of New South Wales, Sydney, Asia Society Museum, New York, Asian Art Museum, San Francisco, Adelaide, and Museum of Contemporary Art, Los Angeles. 

teamLab is represented by Ikkan Art, Martin Browne Contemporary, and Pace Gallery. Here is all you need to know [about teamLab](https://docs.google.com/document/d/1Qd56p--mrG413Fhn9B86beEqCpxBDsvVxSR8fi71lfQ/edit). 

## teamLabBorderless Tokyo reopening: what to expect? 

If you visit the teamLabBorderless Tokyo website, you will see some of the notable installations set to be on display in the new Azabudai Hills facility. Among these installations are “Sea of Clouds”, “Birth”, and “Proliferating Immense Life”, all from the “Light Sculpture” series. 

The teamLabBorderless Azabudai Hills digital art museum is being developed by Mori Building Co., Ltd, an innovative Tokyo-based urban developer. 

Address: 
Azabudai Hills Garden Plaza B B1F 
1-2-4 Azabudai, Minato-ku, Tokyo 

We recommend following them on [Instagram](https://www.instagram.com/teamlab/) and [Twitter](https://twitter.com/teamLab_net) for the latest updates. Also, keep an eye on the website's news section, featuring updates from the latest popular art blogs. 

While the wait for the reopening event is on, you can visit the teamLab Planets museum in Toyosu. 

## teamLab Planets Toyosu 

The art exhibition is home to two gardens and four large-scale artwork spaces, offering an immersive and sensorial experience. You will “become one with the flowers”. 

It is worth noting that teamLab Toyosu was scheduled to close at the end of 2022. teamLab then announced that the facility would remain open until the end of 2023. If you take a look at [the teamLab Planets official website](https://www.teamlab.art/e/planets/), the facility will now remain open till the end of 2027. 

Perhaps the delay in opening the new Azabudai Hills teamLabBorderless facility factored into this decision. Regardless, the Toyosu museum is fascinating in its own right. Just take a look at the below picture - mesmerising! 

![Toyosu museum team lab exhibition of digital art](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_10_12_at_15_21_57_a3d2c86926.png)

The facility also features a vegan ramen restaurant for food lovers! Additionally, if you believe in mindful eating, the museum is home to an Artwork Dining Space, an Artwork Dining Table, and an Artwork Dining Bench, all places to enjoy a meal. Now, that is an ethereal experience! 

![Team Lab exhibition](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_10_12_at_15_22_06_22468d797f.png)

Each teamLab facility/exhibition is otherworldly, so visit one near you at the earliest - it is all about the experience. 



teamLabBorderless Tokyo reopening in January 2024 

NFT Droppers

In the rapidly evolving world of digital assets, platforms that provide timely and accurate information about Non-Fungible Tokens ([NFTs](/news/article/nft-meaning)) are invaluable. One such platform that has caught the attention of many in the NFT community is "[NFT Droppers](https://nftdroppers.io/)." In this comprehensive review, we'll delve deep into what the platform offers, its standout features, and how it fares in comparison to other NFT platforms.

## Introduction to NFT Droppers

NFT Droppers brands itself as the "[No. 1 NFT Calendar Platform](https://nftdroppers.io/) In 2023." At its core, it's an NFT calendar website that offers a sneak peek into upcoming NFT mints, ensuring enthusiasts and investors stay on top of the latest drops. The platform has positioned itself as a go-to resource for those keen on staying ahead in the NFT game.

## User Interface and Experience

Upon visiting the platform, users are greeted with a clean, intuitive interface. The website is easy to navigate, with clear sections dedicated to featured NFT drops, upcoming mints, and the latest NFT-related blogs. The design is visually appealing, with a mix of vibrant colours and high-quality images, making the browsing experience enjoyable.

## Features and Offerings

### NFT Calendar: 

The heart of the platform. It provides detailed information about upcoming NFT drops, including dates, blockchain platforms, and direct links to the projects. This feature is particularly useful for investors looking to get in early on potential high-value mints.

### Educational Blogs: 

NFT Droppers doesn't just stop at listing NFTs. It also educates its audience. Their blogs range from [beginner tips](https://nftdroppers.io/nft-101/) to expert analysis, ensuring that both newcomers and veterans have something to gain.

### Community Engagement: 

The platform emphasizes the importance of community in the NFT space. They highlight projects with strong community backing, recognizing that engagement often translates to success in the NFT world.

## Blockchain Diversity

One of the standout features of NFT Droppers is its recognition of various blockchains. While Ethereum remains a dominant force in the NFT space, the platform also showcases projects from blockchains like Solana, Polygon, BSC, and Cardano. This inclusivity ensures that users are exposed to a diverse range of projects.

## Future Plans

NFT Droppers is not resting on its laurels. They have plans to develop a Discord bot that will automatically notify users of upcoming NFTs, further enhancing the user experience and ensuring that no one misses out on potential golden opportunities.

## Comparison with Other Platforms

While there are several NFT listing and information platforms out there, NFT Droppers stands out due to its comprehensive approach. Not only does it provide information, but it also educates and engages its audience. The platform's focus on community and its recognition of various blockchains gives it an edge over many competitors.

## Conclusion

NFT Droppers has quickly established itself as a reliable and comprehensive platform for all 
things NFT. Whether you're a seasoned [investor](/trade) or a curious newcomer, the platform offers a wealth of information and resources to help you navigate the exciting world of NFTs. With its user-friendly interface, diverse offerings, and commitment to community engagement, NFT Droppers is undoubtedly a platform worth bookmarking for anyone interested in the NFT space.



NFT droppers logo overlaying image of NFTs

Comprehensive Review: NFT Droppers

Every time you sit down to search for the NFT meaning, you get this mysterious term non-fungible token. The word token makes some sense, but what is non-fungible? 

NFT has been a buzzing word in the digital world for the past few years. But many of us still need to learn what exactly it is. If you are unfamiliar with the concept, don't worry, as this article is written just for you. 

I will demystify the NFT meaning by breaking it down into simpler terms. So, let's get you started. 

## NFT meaning explained 

Explaining the NFT meaning in simple terms, NFTs are one-of-a-kind digital art pieces with verifiable ownership. You may exchange these assets for fiat currency, crypto, or another NFT. However, they are not divisible like money.  

It is essential to grasp fungibility to fully understand the concept of NFTs. The term fungibility mainly refers to the idea of an asset sharing the same features and value as the US dollar or BTC. Fungible assets can easily be replaced with one another because of the same value. 

Compared to that, non-fungibility means that assets are irreplaceable and indivisible because of their distinct features. So, as NFTs are non-fungible, they have unique features and cannot share the same value with another one. Each NFT digital artwork presents distinctive characteristics not shared with other tokens. 

Let's try to understand it with an example. You can think of NFTs as your smartphones. Even if many other people own the same model of phone, yours remains unique because of its ID. Therefore, you can never swap your phone with anyone else's. The same is the case with NFTs. 

But the tricky part does not end here. While all NFTs are distinctive, there can still be authorised copies of one NFT.   

## How do NFTs work? 

Blockchain technology plays a central role in storing the non-fungible tokens. However, all these different types of digital art cannot be directly stored on a blockchain. 

That's why their distinctive addresses and metadata are stored on the blockchain. Blockchains have this immutable property, which makes them highly secure for record-keeping of trading history.  

Although Ethereum was considered the premier NFT blockchain, many contenders now exist. These include networks like Bitcoin, Solana, Polygon, and Cardano. 

Once a token is minted, it is allotted a unique ID associated with a blockchain address. Through this ID, the ownership of the token is recorded on the blockchain.  

## NFTs: A brief history 

Over the last decade, the NFT market's progress has been immense. 

In 2014, these assets started with the first 'Quantum" NFT on the Namecoin chain by Kevin Mckoy. Then, in 2015, Ethereum was launched, providing a complete platform for digital art tokens. For this, the token standards like ERC-721 and ERC-1155 were the key developments. 

The token standards made the way for several projects to enter the market. One of the earliest, among them, was Cryptokitties, which introduced virtual cat avatars. After that, many prominent projects followed, including the CryptoPunks, Bored Ape Yacht Club ([BAYC](/news/article/bored-ape-nft)), and others. Moreover, marketplaces like Nifty Gateway and OpenSea also took shape.  

In 2021, the market reached new heights as billions of dollars worth of NFTs were traded. This includes the famous Everydays: The First 500 Days by Beeple, which sold for $69.3 million. Another popular one was [The Merge by Pak](/news/article/the-merge-nft), which was sold for $91.8 million.  

The market has been relatively sluggish after the 2021 boom of digital art. Nevertheless, tons of NFT projects of PFP, anime, and other genres have continued to thrive. Although the hype for these tokens has dwindled, there is still potential for growth. 

## An overview of the NFT market 

As mentioned above, after rapid growth in 2021, the NFT market has stayed still. There are several factors behind it, but the obvious ones are the crypto market downturn of 2022 and the rising inflation. These two factors have indeed halted the growth.  

The market cap for the global digital art market is $3,887,640,448, up by 0.58%, according to [NFTFloorPrice](https://nftpricefloor.com/). Meanwhile, the current trading volume is $6,141,324, and in the past 24 hours, over 4,794 tokens have been sold. Moreover, CryptoPunks and BAYC remain the most dominant projects in the market.   

## Bottom line 

If you are still getting familiar with the crypto or Web3 space, you may find it hard to wrap your head around terms like non-fungible tokens. 

In this article, I have tried to simplify the NFT meaning for you. 

To sum up, NFTs are digital assets with verified ownership and distinctive features, which make them indivisible and irreplaceable. Since its inception, the NFT industry has continued progressing and given us innovative projects. 

Although the market has cooled off, data shows that large projects have continued to thrive. Therefore, the market is still showing potential for progress. 

Explaining the NFT meaning in simpler terms

## A comprehensive guide to NFT Drops Radar 

Whether you are an [NFT (non-fungible token)](/news/article/non-fungible-tokens) trader or collector, staying informed about upcoming releases is essential. It helps to find new projects and grab opportunities to collect profitable and rare tokens. This makes NFT calendars, like NFT Drops Radar, a critical tool in the digital collectables space. 

The article will explore the popular calendar option, [NFT Drops Radar](https://www.nftdropsradar.com/), explaining how this tool works and how beneficial it can be for NFT trading. 

### NFT drops explained 

To be an ace NFT trader, you must keep updated with new drops. But what is an NFT drop, and how does it work? 

An NFT drop is an event that marks the launch of a new collection of digital assets. It is a limited release of digital collectables that signifies their sale in the marketplaces for the first time. Through this, collectors can often claim these rare digital assets at a discounted price. This is why it is a much-hyped event among digital art collectors.  

The newly dropped collections are on numerous [popular marketplaces](/news/article/guide-to-best-nft-marketplaces) like OpenSea, Nifty Gateway, and Magic Eden. Through these platforms, you can buy digital assets directly or offer to buy them later. 

To get updates about the [upcoming NFT drops](/news/article/10-upcoming-nft-projects), follow a calendar like the NFT Drops Radar.  

### What is NFT Drops Radar? 

Drops Radar is one of the leading tools for trading NFTs that gives you updates about newly launched digital collectable projects. It is a tool that lets you find all the information and news related to upcoming digital art projects.  

The tool provides you with precise dates, timings, and other info regarding the release of new projects. You can get information about the asset's rarity, real-world uses, popularity, and potential as an investment with the help of this tool. 

Aside from discovering new projects, it can provide market insights, day-to-day trends, and all other factors that may affect [NFT prices](news/article/most-expensive-nft). Another benefit of using this tool is that it covers projects from varying blockchains so that you can get updates about new launches across different blockchains. Therefore, it can be highly effective in keeping you informed about investment opportunities in the NFT space.  

### How does NFT Drops Radar work? 

This non-fungible token tool is a simple yet effective trading tool that first curates a list of forthcoming projects in the market. It collects all the information from various resources like marketplaces, projects' official sites, social media platforms, blockchains, and others. 

As a result, you can get all the authenticated and verifiable information about each release. 

Furthermore, it runs the event countdowns with precise dates and times of the launch of a collection. You can also sort the projects according to your preferences with the help of its filter. Plus, users can use its analytical features to assess a project before and after the launch. 

### What does NFT Drops Radar offer to traders? 

Here are some of the features the digital collectables tool offers.  

#### 1.   Information about upcoming NFT drops 

The most apparent feature of Radar is that it can provide an upcoming NFT list. It is a tool through which you can discover new projects that show the potential for profits. You can get complete details about new projects to weigh the potential of each of these beforehand and buy within a limited period. 

#### 2.           A handy resource for research 

It can provide verified information about a collection, including the prices, the project's origin, the start and end of sales, popularity, floor price, and others. These details are important in making a more informed decision before investing in any collectable. 

#### 3.           Insights into market trends 

Another essential feature of this calendar is getting market insights. If you are starting out with digital asset trading, you may find it resourceful. It allows you to familiarise yourself with market trends and how an asset is valued in the collectables’ ecosystem.  

It helps you learn from past patterns so you can anticipate future trends accordingly. However, you should note that the market does not behave the same way as the historical data suggests. That’s why you should also keep track of current trends.  

#### 4.           Promotes new NFT projects 

If you are a digital artist trying to sell your art pieces as NFTs, you can use this tool to promote them. You can leverage the countdown feature of the calendar to create hype among the collectors' community. As a result, you will be able to attract more buyers and increase your fan engagement.  

### Closing thoughts 

If you are a non-fungible tokens trader, you might be familiar with how critical it is to catch up with new releases in the market. And since your success as a trader depends on it, opting for an efficient tool that helps you stay informed is advisable.   

To achieve this goal, one viable option for you is the NFT Drops Radar. It is a complete tool that works as a calendar and allows you to find new digital art collections. You can get updates for new projects and see all the market insights in one place. That’s why it is a reasonable tool that prepares you for new drops by giving timely information. 

NFT Drops Radar: A Comprehensive Guide

Recently, many NFT marketplaces have emerged that offer unique features for digital asset trading. A popular option is the [X2Y2 NFT marketplace](https://x2y2.io/). 

It is an emerging NFT trading platform that strives to create a fully decentralised ecosystem for the trade of digital collectables.  

In this article, we will take an in-depth look at the features X2Y2 presents and will explore whether it is a convenient option for buying and selling NFTs. 

## X2Y2 NFT marketplace: An overview 

X2Y2 marketplace is a decentralised NFT trading platform launched in January 2022. It aims to provide an alternative to large centralised platforms like Opensea, [Rarible](/news/article/rarible-nft-marketplace), and others. The platform lives on the Ethereum blockchain and is backed by its native ERC-20 token X2Y2.  

Here are some of the pros and cons of using the platform: 

### Pros 

- Offers a rarity tracker. 
- Enhanced decentralisation. 
- NFT loans with zero interest. 
- Shares complete revenue with stakers. 
- Provides trade notifications in real-time. 
- Convenient to purchase NFTs in bulk. 

### Cons 

- Only supports Ethereum-based NFTs. 

## What features does this marketplace offer? 

Here are some of the notable features that the NFT marketplace offers: 

### NFT trading 

X2Y2 is a fully decentralised platform, which makes it ideal for buying and selling digital collectables. Also, you can easily create and launch your own digital art collections on the platform. You can find all the famous [NFT projects](/news/article/10-upcoming-nft-projects) on this marketplace and trade them using its advanced analytical features.  

Moreover, it allows you to purchase and list NFTs in bulk. This feature can significantly reduce the gas fee as you can list or buy them in one go.  

### X2Y2 token 

The platform claims to have an enhanced decentralised system. It works on the Ethereum blockchain and is supported by the ERC-20 X2Y2 coin. The token provides a mechanism for managing the marketplace's DAO (decentralised automated organisation).  

Through the tokens, the entire revenue generated on the platform is shared among the stakers. This not only helps secure the network but also offers incentives to the users.  

The token also differentiates X2Y2 from other marketplaces. The reason is that anyone can acquire the token through public sale. Still, private investors have more authority over large marketplaces. As a result, users enjoy increased decentralisation on this trading platform.   

### Rewards 

Users can get numerous types of rewards on this marketplace. They mainly include token airdrops and incentives for staking. However, if you have acquired the tokens through an Initial Liquidity Offer (ILO), you will get annual rewards from the market fee. 

### Staking 

The NFT trading platform also has an X2Y2 staking program through which you can generate substantial profits. There are 1,000,000,000 tokens, from which 65% (650,000,000) are allocated for staking rewards. So, when you lock your tokens for a certain period on the platform, you can earn rewards. 

Here’s the breakdown of staking rewards emissions: 

![X2Y2 stats](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_09_18_at_15_48_18_f80fd427fa.png)

You can earn the market fee rewards for staking in wETH, which is transferred straight to your wallet.  

## Loans  

The marketplace also allows for the lending and borrowing of Ethereum. It facilitates ETH's peer-to-peer (P2P) lending by enabling users to use their non-fungible tokens as collateral. The[ X2Y2 loan](https://x2y2.io/loan) mechanism ensures that the loan security is locked until the borrower pays the loan. 

Suppose the borrower fails to pay off the loan. In that case, the lender can claim the ownership of collateral NFTs and the agreed interest. This feature provides another way for users to generate a yield on their crypto.       

## Royalties 

One of the reasons why it is an affordable option is its royalty fee policy. Royalties are the charges you must pay when buying an NFT, which goes to the creator. The fee tends to fluctuate depending on various factors and can affect the total price of a digital asset. Some of the platforms may charge royalties of around 10%. But X2Y2 is different. 

This marketplace allows the users to set an amount they can easily pay to the creators. It can minimise the total price of an NFT, eventually making the platform more affordable.

X2Y2 trading fees 

Among [Ethereum-based NFT marketplaces](/news/article/largest-nft-marketplace-2023), X2Y2 is one of the cheapest. Its trading fee is minimal compared to other prominent names such as Opensea, SuperRare, Raribilty, and others. It only charges 0.5% on the buying and selling of NFTs. Meanwhile, the royalty charges are also adjustable, which allows you to maximise your profits.   

## Final verdict 

The X2Y2 NFT marketplace is an innovative platform offering a diverse range of NFTs. Its user-friendly interface, curated collections, and transparent processes create an appealing space for artists and collectors alike. 

It also offers various rewards and minimal transaction fees, making it an affordable option for NFT trading. 

A comprehensive review of X2Y2 NFT Marketplace 

NFT enthusiasts know the importance of staying ahead to take advantage of exclusive, limited-edition NFT drops by keeping up-to-date with calendars. This article shows how to use WAX to get the latest NFT info. 

## Introducing WAX 

In the fast-moving world of NFTs, keeping an eye on the latest drops can be arduous. Information is scattered across different blockchain ecosystems, making staying up-to-date with [new offerings](/news/article/nft-art-marketplaces) almost impossible. 

Moreover, only specific platforms or communities get access to timely information, and most collectors don’t discover these high-class opportunities. This is where Worldwide Asset eXchange ([WAX](https://www.wax.io/)) comes into play. 

WAX updates delivers a reliable resource to monitor what's happening with NFT drops. This decentralized blockchain also facilitates buying, selling, and trading exclusive NFTs.    

## Benefits of using WAX 

The WAX blockchain is renowned for fast transaction speed, scalability, and affordable fees, mostly completing transactions within seconds. 

The platform's capability to handle a high volume of transactions makes it an avenue toward mass NFT adoption. 

## How to never miss WAX NFT drops 

NFT sales from popular projects on the WAX blockchain go fast and can get sold out within seconds, meaning every second counts during sales. 

Following are tips to ensure you never miss buying drops during sales:  

Know when a sale is happening: Figure out when a deal will happen – check the platform’s online calendar and save the date or set a reminder for, perhaps, 15 minutes ahead. 

Fix your PC’s clock: Use the website www.time.is to synchronize your PC's clock since you don't want to clock in a few seconds too early and receive an error message or too late and miss out, 

Timing is crucial: Open the site 15 minutes before the exact time and open at least two tabs just in case the hub loads too long and you miss the drop; the second tab will act as a reserve to retry the payment.   

## Wrapping up 

The best way for any avid NFT collector to get the latest WAX NFT drops is to stay informed. 

That means exploring, staying proactive, and taking advantage of calendars to avoid missing exciting [new opportunities](/news/article/are-nfts-dead-investigation). 

Wax blockchain logo on image of blue circuit board

Your ultimate guide to WAX NFT drops 

[Dookey Dash](https://dookeydash.com/), sometimes wrongly referred to as DookyDash, hit the gaming market at the beginning of 2023 when it became the trendiest topic on the various NFT ([non-fungible token](/news/article/upcoming-nft-projects)) communities across all social media platforms.  

Having made a promise to revolutionize the P2E (play-to-earn) market, it is a skill-based NFT mint game by [Yuga Labs](https://learn.bybit.com/nft/what-is-dookey-dash/), the development team behind collections such as the BAYC (Bored Ape Yacht Club), MAYC (Mutant Ape Yacht Club), and BAKC (Bored Ape Kennel Club).  

Whether you call it Dookey Dash or DookyDash, to understand what this trendy keyword entails, let us briefly examine what it is all about. 

## Whether it's Dookey Dash or DookyDash, it introduced Sewer Passes 

Modelled after games such as Temple Run and Subway Surfers, players of this game had to compete in an endless running challenge.  

Like the other games, those who can survive obstacles thrown their way during the challenge get the top points (scores) and receive prizes.  

Once you are knocked out, players have to begin from the start.  

Despite being modelled after the aforementioned games, which are free to play by all manner of persons, playing Dookey Dash (the correct form of DookyDash) came with some requirements. 

Between 18 January and 8 February, when the game was at its peak, participants needed to be stakeholders of Yuga Labs' ecosystem. 

To join, you had to be an active holder of a [Bored Ape](/news/article/bored-ape-yacht-club) or Mutant Ape NFT. Holding these NFTs guaranteed gamers Sewer Passes, a limited edition NFT that enabled access to the game. 

Sewer Passes came in four different tiers. Each tier had different point-earning bonuses. With a MAYC NFT, gamers received the lowest pass (Tier 1), and with a Mutant Ape and BAKC, they received a Tier-2 pass. BAYC only gave gamers a Tier-3 pass, while Tier-4 holders had BAKC and BAYC NFTs.  

The game was supported by many browsers, such as Google Chrome, Apple's Safari, Microsoft Edge, and Mozilla Firefox. 

When the game's top scorers were frozen after 8 February, eligible Sewer Passes were transformed into new rewards on 15 February. 

## Dookey Dash key sold for $1.6 million in March 

Kyle Jackson, a Twitch streamer, won the golden key for receiving the highest score while playing Dookey Dash, the P2E game occasionally referred to as DookyDash. He sold his NFT "key" for 1,000 ETH (around [$1.6 million)](https://www.coindesk.com/web3/2023/02/27/winning-dookey-dash-key-sold-for-16m/) towards the end of February.  

As of 11 August 2023, Sewer Pass NFTs had generated around [$110 million](https://www.cryptoslam.io/sewerpass?headerPeriod=all&tab=historical_sales_volume) in all-time sales, with the peak of its monthly sale coming during January ($57 million), when millions of BAYC and MAYC holders jumped into the Dookey Dash, or DookyDash, P2E game. 

Call it DookyDash or Dookey Dash - it's had an impact on P2E gaming 

Christ Torres posted a GIF of an animated flying cat featuring a Pop Tart body with a rainbow trail on its tail online. The Nyan Cat PFP meme hit the headlines two years ago when it sold for $590,000 and went viral online. 

This article explores the significance of the marriage between the taste for artistic collectibles and the fast-growing digital art market. 

## What is Nyan Cat PFP? 

Nyan Cat PFP is a YouTube GIF/meme showing an animated cartoon cat adorned with a Pop-Tart torso and merged with a Japanese pop song. It was uploaded in April 2021. 

The video ranked 5th on the list of most popular videos in 2021, showing the meme cat flying through space while leaving a rainbow trail behind. The GIF's original creator, 25-year-old Chris Torres, created the updated one-of-a-kind digital rendition of the meme and sold its updated version to an unidentified buyer as a non-fungible token ([NFT](/news/article/are-nfts-dead-investigation)) for [300 ETH](https://www.coindesk.com/markets/2021/02/19/nyan-cat-nft-sells-for-300-eth-opening-door-to-the-meme-economy/), which was equivalent to $590,000 in 2021. 

## The opening of NFT floodgates 

While things slowed down in the entire crypto space in 2022, the Nyan Cat PFP sale quickly became the new turning point in the fast-growing ephemera, digital art, and NFT ownership rights movement. 

Buyers started competing to purchase ownership rights for authentic digital art pieces, and millions of dollars followed artists who converted their unique pieces into NFTs, breathing a fresh lease of life into the otherwise docile art world. 

Soon after that, there was an avalanche of similar sales like a clip showing [LeBron James ](https://nbatopshot.com/moment/rundown_bull_shark9286+0ce6787a-e854-43db-a29d-90faffa9311c)blocking a shot during a Lakers basketball game that fetched $100,000, a tweet by investor and Dallas Mavericks owner [Mark Cuban](https://v.cent.co/tweet/1355995109733621762?s=v_s) sold at $952, or actress [Lindsay Lohan](https://opensea.io/assets/ethereum/0x60f80121c31a0d46b5279700f9df786054aa5ee5/124196)’s face image that for $17,000. 

While people long attached aesthetic and emotional value to physical collectables and were willing to pay a premium, digital art like the Nyan Cat is now the buzz. 

## Significance of marrying art and technology  

Art has long been a mirror to culture, reflecting society, and artists used different media to express themselves. From sculptures carved from stone or oil on canvas, the physical nature of art has its defining characteristics. What blockchain offers is a significant shift for art. 

The six-figure sale of Nyan Cat shows that the digital medium enables artists to create intricate works that wouldn't have been achieved otherwise. Through technology, artists push creative and financial boundaries revealing art forms that challenge perception. 

The marriage between art and technology on the altar of blockchain has introduced a new form of artistic expression. Virtual reality experiences, interactive installations, and augmented reality shows mean art is no longer limited to exclusive art galleries with select access. 

## Conclusion 

The eye-popping Nyan Cat sale, and others, attracted confusion and derision. However, it also opened a new frontier of possibilities for the future of art within the blockchain sphere. 

Why the animated Nyan Cat PFP fetched more than $590K  

The famous American basketball player LaMelo LaFrance Ball recently launched his new collection of shoes as redeemable non-fungible tokens (NFTs). 

Athletes from different sports have adopted digital assets in various ways. For instance, some have introduced fan tokens, and some have launched digital assets. And sneaker NFTs are quite popular when it comes to sports-related digital assets. 

Essentially, LaMelo shoes is a project by the player in collaboration with the renowned sports gear brand Puma and the wearable NFT collection [Gutter Cat Gang](https://guttercatgang.com/).  

This article explores these redeemable NFTs and explains how and when you can redeem them for physical LaMelo shoes. 

## LaMelo shoes - A collaboration 

LaMelo Ball is a celebrated basketball player representing the Charlotte Hornets in the NBA (National Basketball Association). He was picked in the 2020 NBA draft and signed a deal for around $100 million with Puma, aged 19. This deal included launching the MB series of wearables, including his kicks. 

The first collection, 'MB.01', was rolled out in 2021. It introduced various unique designs like the LaMelo Rick and Morty shoes. The second edition was rolled out in 2022, named 'MB.02 Fade'. It featured blue, two-shaded trainers that became a fan favourite. 

Both these editions depicted LaMelo Ball as a brand by featuring his 'wings and 1' logo and taglines like "Not from here", "Rare", and others.  

The NBA star and Puma have now launched the third edition of LaMelo shoes. This edition's unique feature is that they collaborated with the GCG NFT project to create redeemable NFTs for these kicks. Anyone can mint the NFTs and redeem them to get real trainers.  

The new edition is named “[GutterMelo MB.03](https://guttermelo.com/)", showing that it is a collaborative project. The sneaker design is vibrant, with two primary colours: blue and orange. You can also find the wing logo and Gutter Cat graphics on the shoe. 

Plus, it shows all the taglines for the MB brand, like "Rare", which is written on the bottom of the shoe in a funky font. The design is also comfortable as it comes with NITRO foam cushioning, which makes it perfect for basketball courts. 

## GutterMelo MB.03 opened mint on 29 June 

The GutterMelo collection was released on one of the [largest NFT marketplaces](/news/article/largest-nft-marketplace-2023), Opensea. It went live on 29 June, allowing fans to mint the NFTs. It includes 20 NFTs representing different sneaker sizes up to American size 15.  

According to the GutterMelo site, many buyers booked their mint immediately after the launch, and the site became over-allocated. Therefore, only the early buyers were able to mint the tokens.  

Initially, the LaMelo shoe price was set at $175 for early buyers. Wait-list buyers had to pay $195 for a GutterMelo NFT. The price for the public sale of these NFTs was $215. 

At the moment, the floor price of GutterMelo NFTs is 0.069 ETH. 

## LaMelo Shoes NFT redemption closes 

The ones who have minted the NFTs could redeem them for real shoes. The project opened the redemption period on 18 July, 2023, and was due to close on 20 August. During this period, you could claim your physical sneakers by going to the GutterMelo site and redeeming the NFT there.   

## How to redeem a GutterMelo MB.03 NFT 

Here's the step-by-step process owners followed to redeem MB.03 sneakers: 

![Guttermelo mb shoe website screenshot](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_09_14_at_11_33_23_d2397ed114.png)

1. Visit the GutterMelo site within the redemption period.  
2. Find the Connect Wallet option on the top-right of the screen. Click to integrate cryptocurrency wallets like Metamask, Trust, or Coinbase into the website. 
3. Ensure that the [wallet](/news/article/best-ethereum-wallet) has some amount of Ethereum to pay for the gas fee. Usually, the amount required for gas is between $5 and $35. 
4. Click the redeem button to burn a token to get a new LaMelo shoes NFT and physical shoes. 
5. Provide your shipping address while redeeming the NFT. 
6. The shipment procedure for the physical shoes will begin this month, and the receiver may have to pay the shipping charges. 

By following this procedure before the closure of the redemption period, owners could get the 'Rare' GutterMelo sneakers. 

## Final thoughts 

LaMelo Ball has launched his third edition of sneakers with Puma and GCG. 

The unique thing about this edition is that they are NFT-based sneakers. When you purchased them, you got limited edition shoes and also had them as digital collectables. 

What are LaMelo Shoes NFTs by Puma and Gutter Cat? 

Playing against the background of a media-driven NFT frenzy, Art Basel 2021 welcomed non-fungible tokens. They took over and were still all the rage at the 2022 edition. As the art community gears up for the Art Basel 2023 edition, this guide probes the vibrant and wonderful world of generative and internet art, what you can expect, and the [impact of NFTs](/news/article/are-nfts-dead-investigation). 

## What is Art Basel 2023?  

Art Basel 2023 Miami Beach, the 21st edition of America's wide-ranging international modern-day art fair, is happening between 8 and 10 December. The event will host thousands of artists, art dealers, art lovers, and collectors to sample fashionable art from 283 galleries representing 38 countries. 

Besides exploring the budding global art scene, popular conversations will feature speakers across different panels. The art exhibition is one of four Art Basel fairs held in Basel, Switzerland, Paris, and Hong Kong.     

## NFTs stole the show in 2022 

The [surge of NFTs](https://time.com/5947720/nft-art/) happened as the world battled the Covid-19 pandemic when there were very few, if any, in-person gatherings for most communities, including NFT communities. 

However, come December 2021, thousands of NFT enthusiasts thronged Miami Beach for that year's Art Basel edition. The event became an NFT art sandbox as attendees descended on concerts, parties, interactive experiences, panel events, and concerts. 

Come Art Basel 2022, NFTs were back to the event. Attendees were treated to captivating exhibitions of the best physical and digital artworks from the NFT scene. The exhibits featured the weirdest, wildest, most outrageous, and most colourful artistic creations beyond anyone's imagination. 

The entry of NFTs into the two-decade-old event introduced a positive boost of optimism to the shows. 

## Tezos' interactive NFT exhibition 

The introduction of generative art in the 2022 edition of Art Basel Miami Beach by [Tezos Blockchain](https://tezos.com/events/art-basel/) with the theme "Performance in Code: Deciphering Value in Generative Art" became a game changer. 

The interactive exhibition displayed in collaboration with FxHash culminated in a unique experience for attendees who got to engage and generate memorable NFT takeaways minted on the Tezos blockchain. 

Overall, the [2022 edition](https://www.artbasel.com/stories/show-report-art-basel-in-miami-beach-2022?lang=en) fantastically represented crypto-based art, including NFT weddings, epic paint parties, AI portraits, [metaverse fashion](/news/article/metaverse-fashion-week), and related installations. There were also many positive insights from other prominent players in the NFT scene. 

## What to expect at Art Basel 2023 

It's only natural to expect the Tezos blockchain booth in the Art Basel 2023 Miami Beach edition to become even more popular in satisfying people's curiosity about NFTs. 

In addition to the interactive exhibits, the on-site NFT minting tool wowed most participants by becoming an example of how NFTs had made a splashy invasion into the traditional art scene. This year's show will likely feature more prominent NFT artists throughout the Tezos ecosystem, while visitors can create AI-generative self-portrait NFTs. 

The minting of NFTs will happen via [physical interaction](https://www.artbasel.com/stories/mint-your-own-nft-at-art-basel-miami-beach?lang=en) with space, and the result will be abstract self-portrait works of digital art generated via QR codes scanned by visitors. According to the plans, German NFT artist Mario Klingemann, aka Quasimondo, will create AI portraits for attendees using open-source blockchain Tezos to mint NFTs of their digital artworks. Once rendered, visitors can render the artwork as NFTs, displayed on-screen before being gifted to users in their crypto wallet in real time. 

Tezos' system will assign the NFTs rarity values expressed as percentages, and attendees could see the value of their NFTs change as the event continues. 

## The future of NFTs  

Now in its 21st year, the Art Basel 2023 Miami Beach event will be a unique opportunity to connect artists, galleries, and collectors to share their amazing artist-led stories and boost the local art scene. 

With the 20th edition hosting more than 76,000 showgoers from over 88 countries, it’s only natural that the number could go higher this time since the extended crypto winter is mostly thawed.   

NFTs have worked their way into the heart of the exhibition. Beginning from the 19th edition, when the hype associated with the 2021 Bull Run increased, the popularity of NFTs and their entry into Art Basel showed glimpses of the result of a potential collision between the physical and digital worlds. 

Considering that the 2022 edition became more holistic due to the entry of NFTs and specifically the Tezos blockchain project with its clean NFTs campaign, there's every indication that Art Basel 2023 will see more blockchain companies foraying into galleries and other art events in the future. The ripple effect could be the likelihood of more NFT use cases popping up as individuals and brands start integrating NFTs beyond collectibles.   

## Conclusion  

NFTs will likely crash the party at Art Basel 2023 Miami again as crypto enthusiasts descend on Florida to claim their territory. As the crypto winter slowly ends, we'll likely see attention-grabbing NFT headlines again, with artists making multimillion-dollar sales. 

The rise of Web3 could see crypto investors once again defining good taste and NFTs disrupting the art market, which is in dire need of correction, if not a complete disruption. 

Mint you own NFT at Art Basel 2023 Miami Beach 

Starbucks is the world's largest coffeehouse chain, with a wicked market cap of over $100B. If you Google "Starbucks synonyms", "coffee" is bound to appear right at the top (I am kidding, of course). And now it is in the NFT business. 

Founded in Seattle, Washington, in 1971 by Zev Siegl, Gordon Bowker, and Jerry Baldwin, and with more than [35,700 stores worldwide](https://www.statista.com/topics/1246/starbucks/#topicOverview), Starbucks is more than just a coffee shop chain. It represents an experience. 

In business, personalisation is key to attracting and retaining customers, and this comes in several shapes and forms. Starbucks' personalisation game is top-notch. 

Each coffee cup comes with your name on it, handwritten by an employee, and perhaps with a smiley face to make your day! Along the lines of enhancing the customer experience, [Starbucks has forayed into the world of NFTs](/news/article/metaverse-fashion-week). 

Yes, you read that right. Its new Odyssey experience will allow customers (members) to earn and purchase Starbucks NFT (stamps). These NFTs will allow you to enjoy immersive coffee experiences. 

The Odyssey experience is an industry-leading loyalty programme at scale, with which Starbucks aims to create an interactive Web3 community connecting members with employees. 

## Starbucks NFT: Odyssey membership 

The company launched the Odyssey membership program in December 2022. This experience, powered by Web3 technology, allows Starbucks Rewards employees and members the opportunity to earn and purchase NFTs. These NFTs will unlock a cool set of benefits and immersive coffee experiences. 

The program is only available to customers and employees residing in the US. 

According to Brady Brewer, executive vice president and chief marketing officer, leveraging Web3 tech lets members "access experiences and ownership that was not possible before". 

Brewer said that Odyssey transcends the "foundational benefits that our Starbucks Rewards members have come to love, and unlock, digital, physical, and experiential benefits that are uniquely Starbucks". 

Brewer hopes the membership programme will create a digital community that can come together for a cup of coffee and participate in immersive experiences. 

Coming to the benefits associated with the programme, here is all you need to know: 
- Odyssey members can partake in ‘journeys’ to earn rewards. 
- This includes taking on fun challenges and participating in interactive games pertaining to coffee and the brand. 
- Once a member has completed a journey, they will be rewarded with an NFT. 
- Members can also purchase NFTs from the Odyssey marketplace or associated secondary marketplaces. 
- Starbucks NFT are associated with a point value. 
- Points can be redeemed for exclusive experiences, such as events and trips, artist collaborations, access to unique merchandise, and virtual espresso martini-making classes! 
- Free coffee is not on offer! Enjoy a plethora of other rewards and experiences. 

Remember that if you [sell your NFT](/news/article/buy-nft-market), points will be deducted from your overall balance. Each NFT features iconic Starbucks art created by employees as well as external artists. The coffeehouse giant is on a mission to jump on the Web3 bandwagon and will continuously modify/improve its programme. Coffee and NFTs, please? 

![Starbucks Odyssey beta](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_08_29_at_15_57_13_3bad1f0853.png)

## Odyssey Beta NFTs: The Siren Collection 

As you can see from the above image, the coffee shop Goliath launched its Odyssey Beta NFT collection, called 'The Siren Collection', on 9 March, 2023. Each Starbucks NFT was priced at $100 and the collection sold out within 20 minutes! 

Here are the terms, conditions, and reward system of this NFT collection:
 
- The coffeehouse brand allowed members to purchase up to two NFTs each. 
- Each NFT came with 1,500 bonus points that will expire on 31 December. 
- Only Odyssey members can redeem these bonus points. 
- The sale or transfer of a purchased Starbucks NFT will lead to the deduction of points from your annual membership points tally. 

It has been well over a year since NFT sales peaked (marketwide), but this has not deterred Starbucks in its quest to venture into the [Web3 space](/news/article/women-in-tech). The Siren Collection potentially represents the first of many NFT collections the brand may launch. 

Fun fact: The Siren Collection #4 is [listed for sale](https://odysseymarket.niftygateway.com/marketplace/collectible/0x1ff052df592ffcf42fe6a4173975d351dcc99d45?page=1) at an astonishing $104k! Fancy that. 

If you are not an Odyssey member yet, you can join the waitlist today! 

Starbucks NFT: Enjoy immersive coffee experiences 

George Floyd NFTs, aka Floydies NFTs, is an NFT collection launched on [OpenSea](/news/article/guide-to-minting-nfts-opensea) in December 2021. 

The NFT collection is based on George Floyd, a black man killed by Derek Chauvin, an American police officer, in May 2020 in Minneapolis. 

The police officer murdered [George Floyd](https://en.wikipedia.org/wiki/George_Floyd) by kneeling on his throat for over nine minutes. He was sentenced to 22.5 years in prison for his crime. The incident led to large-scale racial justice protests in the country, eventually birthing the Black Lives Matter (BLM) movement. 

BLM spread like wildfire across the country and beyond its shores - the movement is a testament to our unified stance against racism. The campaign is alive even today - Premier League teams, for example, 'take a knee' before the kick-off of matches in support of the Black Lives Matter movement. 

Unfortunately, on 7 December 2021, a group of quick-money-seeking anonymous creators launched the first collection of Floydies NFTs on OpenSea, one week after the police officer who murdered George Floyd pleaded not guilty. 

[The NFT collection](/news/category/nft-news), according to its anon creators, was meant to serve as a forward-thinking and distinctive way to honour George Floyd's life. It served no such purpose - the NFTs sparked outrage along the lines of being racist and tasteless. OpenSea was forced to remove the collection shortly after. 

![floydies-nfts](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Flydies_know_your_meme_d9667ed82e.png)

## George Floyd NFT collection history 

The NFT collection's OpenSea bio described them as a "unique and progressive way" to celebrate George Floyd. It added, "Owning a Floydie is a great way to express yourself and your beliefs!" 

The first George Floyd NFT collection comprised 11 NFTs and was launched on 7 December 2021. Each NFT is a digital cartoon depiction of George Floyd with a unique background and set of clothing. This includes depictions of George Floyd as an astronaut, Joker (the Batman universe character), a BLM protestor, and much more. 

The @FloydiesNFT X page (now dysfunctional) announced the collection launch and was greeted with more than 3,000 likes, 4,100 retweets, and plenty of backlash within three weeks. The first NFT collection was not commercially successful, with the highest-selling NFT going for 0.05 ETH. 

Mind you, this was the first collection that was launched. Many Floydies NFTs arrived later and the highest-selling NFT went for a whopping 3 ETH (roughly $12,000 at the time). 

A Floydies NFT making reference to the Sneed's Feed and Seed meme was added to the original collection on 12 December (below). By 27 December, a bidder had posted a bid of 3 ETH, and the auction was closed on 28 December. 

![George Floyd NFT](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/floyd_NFT_Know_your_meme_1e26bf599a.png)

Other NFTs added to the original Floydies collection include George Floyd dressed as a minion, a police officer (how tasteless is that?), Goku from Dragon Ball Z, Big Chungus, and much more. Talking about being distasteful, an autistic version of the man was included as well. 

In all, 22 items were launched as part of the collection, and the anon creators of Floydies NFTs raked in nearly $5,000 in profit. Was the profit worth playing with the feelings of people? No. 

## George Floyd NFT Collection: Among the worst in history 

[The NFT sphere](/news/article/the-merge-nft) has seen several bad projects, including Jungle Freaks and Little Baby Apes. Floydies NFTs are, without a shadow of a doubt, the worst collection in history. 

The George Floyd NFT set seemed to have been designed to outrage people, with the depicted imagery labelled as "troublesome" by Chris Stokel-Walker of Input Magazine. 

The Minions Floydie is a great example - what were the creators thinking? I understand freedom of speech and expression, but this is certainly crossing the line. The NFTs are disgustingly racist, and I am disappointed that they were not taken down sooner by OpenSea. 

All the collection does is mock George Floyd's death and the BLM movement. And, of course, it filled the pockets of its creators with a whole $5,000. 

The collection serves as a reminder that humanity is greedy and will try to monetise any opportunity. May George Floyd rest in peace. 

George Floyd NFTs: Worst NFT collection ever? 

It may still be in its infancy, but the[ Metaverse](/news/article/metaverse-vr-project-guide) is emerging as the new frontier for any industry, including clothing, interested in connecting with its customers in new ways. A recent [McKinsey study](https://www.mckinsey.com/~/media/mckinsey/business%20functions/marketing%20and%20sales/our%20insights/value%20creation%20in%20the%20metaverse/Value-creation-in-the-metaverse.pdf) indicated that 59% of consumers were excited about exploring the transition of everyday activities to the Metaverse. 

Brands in the fashion industry have joined others in exploring technological boundaries to offer consumers a virtual shopping experience where they immerse themselves in never-seen-before shopping experiences.  

## The emerging virtual retail experience 

As the younger generations adopt Augmented Reality (AR) and its offer of utilities and use cases beyond work, play, and entertainment, fashion brands are responding with Metaverse clothing. The emerging Metaverse offers a platform for brands to connect with customers through personalized shopping experiences or hosted virtual events. 

High-end retailers are using the virtual world as a chance to display limited-edition fashion products users can't find in the physical world besides transporting viewers into the designers' world. 

## Target demographic for Metaverse clothing 

In integrating metaverse clothing, the fashion industry targets a generation that thrives on time spent online, using avatars in virtual worlds where they can express themselves fully. 

Studies have shown that members of Generation Z, aka Gen Z, spend an average of [eight hours online](https://99firms.com/blog/generation-z-statistics/#gref) daily, twice as much as socializing in real life. Personal expression, the ability to freely express thoughts and opinions, is essential to Gen Z, and fashion is one of the ways they express themselves. Since this desire carries over into digital life, fashion brands are establishing their presence in the Metaverse, where users can use a virtual product to self-express in a virtual world using a virtual persona.   

## Users' experience of Metaverse fashion 

Modern mid to high-end smartphones have an optical feature featuring high-definition optics integrating 3D scanning, allowing them to reproduce pictures as avatars digitally. 

While the feature is still under development and can't yet allow an overlap between real and virtual bodies, it can identify issues like tightness and show how a garnet fits when it's worn. 

3D virtual clothing technology enables users to overlap dresses they buy digitally over their pictures. You can buy a Ralph Lauren dress for $10 – a mind-blowing price compared to the actual real-world prices of Ralph Laurens. Moreover, Metaverse clothing can be grander than reality since people wear more than clothes in the Metaverse; they wear their imagination.  

Having realized the massive potential of the leverage between Metaverse and fashion, various industry giants have already made the intelligent move, where they're testing, exploring, and harnessing the potential impact of Metaverse fashion. Among the brands already leveraging the Metaverse opportunities are Burberry, Gucci, [Louis Vuitton](/news/article/louis-vuitton-nft-review), Balenciaga, Ralph Lauren, Dolce & Gabbana, and Zara. 

## How Metaverse clothing is transforming fashion 

Integrating Metaverse and fashion is revolutionizing how we experience fashion by introducing new ways brands showcase products, engage with customers and generate revenue. The following are three new ways Metaverse clothing is impacting the fashion industry:  

### 1.   Virtual fashion shows 

Brands now use virtual fashion shows to create 3D immersive experiences to engage with their customers. The Metaverse-based shows are more inclusive as they allow virtual customers from anywhere worldwide to experience the events in real time. The brands incur lower costs hosting high-end fashion events since they no longer have to hire out expensive venues, while attendees don't have to incur travel and accommodation expenses.  

### 2.   NFTs in fashion 

Non-fungible tokens (NFTs) are digital collectibles that have become a new revenue stream for leading fashion brands. By introducing NFTs in fashion, developers have introduced authentic and unique digital creations users can own, trade, and sell like physical collectibles. 

The creation of limited-edition NFTs tied to physical fashion items enables customers to relate with their favorite brands. Designers and brands are thus shifting the way admirers experience fashion. In some instances, they make millions of dollars selling some of these digital assets.  

### 3.   Virtual dressing rooms 

Virtual dressing rooms are the future of Metaverse clothing as they enable potential customers to fit new clothes in an immersive virtual environment, thereby introducing a 3D interactive shopping experience. 

Virtual dressing rooms promote metaverse e-commerce by reducing the risk of any returns since the potential buyer will see precisely how clothing fits before purchasing. Moreover, virtual dressing rooms are more sustainable than brick-and-mortar dressing rooms by reducing the waste associated with the fashion industry. The Metaverse enables users to test[ NFT](/news/article/are-nfts-dead-investigation) wearables using their avatars, engaging them via an immersive and gamified experience.   

## The future of fashion 

The merge between Metaverse and fashion is already having a massive impact on the fashion industry as Metaverse clothing skyrockets the fashion world into new levels of reality that eliminate the bands of physical limitations. Integrating augmented reality and artificial intelligence has produced endless potential for fashion brands that want to leverage the virtual world. 

The emerging technology facilitates 360-degree views of virtual avatar models walking on [3D virtual fashion runways](https://fashionunited.com/news/fashion/the-future-is-here-the-3d-virtual-fashion-show/2020060433845) to showcase their seasonal collections through online showrooms. The Metaverse clothing journey began, and there's a bright future ahead. However, the technology must become accessible to everyone, or it will remain a distant dream within the fashion industry. 

How Metaverse clothing is revolutionizing fashion 

In the rapidly evolving world of cryptocurrencies, non-fungible tokens ([NFTs](https://www.thebalancemoney.com/non-fungible-tokens-nfts-5184054)) have emerged as a groundbreaking innovation. One of the most popular platforms for trading NFTs is OpenSea, often misspelled as "OpenC" by some digital asset users. 

NFTs are unique digital assets that represent ownership of specific items or artworks on the blockchain. In this article, we take a look at the exciting realm of NFTs and explore the opportunities that the platform offers to creators, collectors, and enthusiasts. 

## What is OpenC? 

[OpenC, correctly referred to as OpenSea,](https://opensea.io/) is a peer-to-peer marketplace that facilitates the buying, selling, and trading of NFTs. The platform lets creators turn their [digital art](/news/article/best-crypto-wallets), music, videos, virtual real estate, and other collectibles into digital tokens. These tokens can then be traded in a decentralized and transparent manner. 

## How does OpenC work? 

It uses the[ Ethereum](/news/tag/ethereum) blockchain to store and track NFTs. This means it does not have control over your NFTs, and you are responsible for their security. 

Users must create an account and connect a [crypto wallet](/news/article/best-crypto-wallets). They can then create an NFT by uploading a file, like an image, video, or audio, and set a price for it. The NFT is stored on Ethereum with a unique identifier. 

After listing it for sale on the OpenSea, or OpenC, [marketplace](/news/article/nft-art-marketplaces), other users can browse and find NFTs they want to buy. Interested buyers can make offers or bids on the digital collectibles. If the seller accepts a bid, the buyer must pay the NFT's price and a fee. Once the payment is received, the NFT is transferred to the buyer's NFT wallet. 

OpenSea charges a fee of 2.5% on all transactions.     

It is important to understand the risks involved in buying and selling NFTs and to take steps to be protected from them. 

OpenC or OpenSea? Exploring the world of NFTs 

For those involved in non-fungible token (NFT) trading, understanding the value of an NFT index is crucial. An indexer platform serves as a valuable tool for tracking NFT projects and identifying high-potential tokens. 

Think of them as comprehensive databases that conveniently locate tokens across different blockchains. 

If you're interested in exploring top NFT indexer options in the market, you've landed on the right page. This article aims to provide insights into the benefits of NFT indexers and showcase some of the industry's leading choices. 

## What is an NFT indexer? 

An NFT indexer functions similarly to a cryptocurrency tracking platform but focuses on non-fungible tokens. It provides key metrics related to NFTs, such as metadata, contracts, token IDs, ownership details, and transaction history. 

By scanning various blockchains that support digital collectables, the indexer collects and stores this information in a database. It then organises the data in a user-friendly way, enabling users to easily access and navigate the NFT market. 

Whether you're a collector, investor, or developer, an NFT indexer can be a valuable tool. It offers features like searching, filtering, and sorting, facilitating the discovery of valuable NFTs. Additionally, it provides insights into the broader NFT market, empowering users to make informed decisions. 

Moreover, indexers may offer additional services like portfolio tracking, valuation estimates, and monitoring historical sales data. These features contribute to market insights and support traders in their growth. 

Overall, an NFT indexer simplifies non-fungible token adoption by streamlining the analysis and research process, ultimately making it easier for users to navigate and engage with the NFT market. 

## Benefits of an NFT indexer 

Here are the three prominent benefits of using indexers: 

- An indexer can help you track your NFT collection by storing essential information such as market value, ownership history, and metadata. This provides valuable insights for trading and portfolio management. 

- Indexers can identify undervalued NFTs, making it easier for you to evaluate different tokens and spot those with high potential. 

- It enables you to Build applications that interact with NFTs, including marketplaces, games, and wallets.  

Popular NFT indexers available in the market 

Now let's look at the four popular digital collectable indexers available. 

### OpenSea 

[OpenSea](/news/article/largest-nft-marketplace-2023), the largest digital collectables marketplace, offers robust indexing to monitor and track all listed assets. This enables convenient evaluation of projects and assets in one place. Not limited to collectors and investors, developers can leverage OpenSea's indexing to create interactive apps like marketplaces, games, and Web3 wallets. 

### Rarible Indexer 

Rarible is recognised as one of the [premier NFT marketplaces.](/news/article/guide-to-best-nft-marketplaces) It offers a powerful multichain indexer that seamlessly integrates with the Multichain SDK API, enabling data storage from various blockchains. This indexer effectively records necessary NFT actions, including minting, burning, transfers, and other related activities. 

### Unmarshal 

[Unmarshal](https://unmarshal.io/) stands out as a distinctive addition among existing indexers by claiming to introduce "the world's first decentralised indexer". This platform empowers users to develop their DeFi projects and join the Unmarshal ecosystem. Additionally, participants can earn rewards through the platform's staking program.   

### NFTPort 

[NFTPort](https://www.nftport.xyz/) is another platform that offers comprehensive infrastructure and APIs for deploying smart contracts for NFTs. Along with its indexing feature, it enables users to track a token's history, current value, burn, mint, and other related details. Additionally, it provides access to aggregate data from OpenSea, simplifying the process of launching new collections. 

### Final thoughts 

Indexing plays a crucial role in the trading of non-fungible tokens. It allows art collectors and investors to get critical information that may inform your investment decisions. In addition, you can also find undervalued projects or assets that may prove to be profitable.  

There are numerous options available in the market for Indexers that may assist you in trading. Among them, OpenSea, Rarible, Unmarshal, and NFTPort can be ideal choices as they also offer various tools for developers. 

nft indexer image of pink nft tokens in a pile. 

Everything you need to know about NFT indexer tools 

CryptoZoo is an NFT-based game in which you can hatch virtual NFT eggs, breed hybrid animals, and play with them while earning yield in $ZOO, the project's native cryptocurrency. The NFT/crypto project was conceived by Logan Paul in August 2021. 

The world-famous [influencer](/news/article/cryptozoo-logan-paul-apologises-for-failure) introduced the project to the 4.5 million subscribers of his YouTube podcast, [Impaulsive](https://www.youtube.com/watch?v=rqrH7TbruZA&t=353s), as “a really fun game that makes you money". The project was well-received by NFT and gaming enthusiasts, with CryptoZoo NFTs ranking 7th on OpenSea in terms of total volume on 5 September, 2021. 

![Opensea top NFT list screenshot](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_06_28_at_11_08_12_a79b6ea0d6.png)

Unfortunately, the hype was short-lived. Nearly two years after announcing the ideation of CryptoZoo, Logan Paul has failed to deliver the game, despite supposedly investing a million dollars into making the game and hiring credible game developers, project managers, marketers, and artists. 

Investors are down by thousands and Logan Paul faces a lawsuit alleging fraud, breach of contract, and negligence. CryptoZoo is not the only instance of Logan Paul's failed dealings in the crypto space – Dink Doink and Liquid Marketplace are two failed projects he was strongly associated with. 

## The rise and fall of CryptoZoo (ZOO) 

CryptoZoo draws inspiration from Pokemon. If you combine the popularity of Pokemon as a brand, the billions Niantic has earned from Pokémon Go, the 2021 NFT boom, and the marketing pull of Logan Paul as an influencer, it is no surprise that investors looking for quick money bought into the idea. 

While Logan Paul does NOT have a glittering reputation, with several odd and somewhat deplorable past instances that come to mind, he is a brand and a half. 

He rose to fame as a video blogger, [was named the most famous influencer in the world in 2021](https://www.insider.com/most-famous-influencers-insider-data-logan-paul-pewdiepie-2021-2), and became a WWE wrestler in 2022, committing numerous notorious acts throughout his pompous journey. Logan Paul bought more than 100 NFTs worth over $2M in 2021 and created CryptoZoo in August of that year. 

The project's NFT collection was launched on 3 September, with 10,000 "Base Eggs" selling out within minutes! After scaling to 7th place in terms of total volume on OpenSea a few days later, the NFT collection failed to gather further momentum. The project's total sales volume is 2,930 ETH (over $5M currently), with a 2.5% creator fee. 

At the time of writing, [just 2,927 such NFTs exist, owned by 1,293 holders](https://www.nft-stats.com/collection/cryptozoo-co). The most expensive sale was $203.21 (Base Egg 119), with zero sales in the past week and very few sales in the past weeks and months. 

While statistics of the NFT collection look bad, the project’s native token, $ZOO, is where investors lost the most. 

![graph showing cryptozoo price on CoinGecko](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_06_28_at_11_08_32_1976d9c5f5.png)

$ZOO reached an all-time high of nearly $0.0005 on 26 August 2021 and fell spectacularly to just over $0.0000002 on 29 September 2021. This represents a HUGE loss for thousands of investors! Speaking to [TIME](https://time.com/), young Rueben Tauk invested over $100,000 in $ZOO in late 2021. 

His investment is nearly zero at the time of writing. Currently, $ZOO is trading at a paltry ~$0.0000008. It is not hard to believe that Logan Paul faces a lawsuit requesting class-action status from buyers into the project. 

## CryptoZoo Logan Paul: lawsuit details 

In February 2023, a lawsuit was filed against Logan Paul in an effort to bring justice to thousands of CryptoZoo investors is being spearheaded by attorney Tom Kherkher. 

The lawsuit reads that Logan Paul and Co. "made the business decision to forgo an expensive and time-consuming process to create a functional CryptoZoo game or support it, and instead deliberately undertook a scheme to defraud Plaintiff and other consumers". 

If the class-action status is granted, thousands of investors who are victims will be eligible to join. Before filing the lawsuit on 13 January, 2023, [Logan Paul said he would refund token holders ](https://www.youtube.com/watch?v=hAjggQvFc20&t=19s)at least $1.3M and complete the game (after being called out by Coffeezilla). 

It is yet to be seen what will happen – will he refund $ZOO holders and finish the game, or will the law take matters into its own hands? We at Moni Talks hope all investors are reimbursed. 


Pink Image of logan paul, founder of Crypto Zoo NFT game

Logan Paul CryptoZoo: Influencer’s project a scam? 

The world of non-fungible tokens ([NFTs](/news/article/non-fungible-tokens)) is continuously evolving, with new and exciting projects emerging on the horizon. This article will explore the top 10 upcoming NFT projects poised to captivate audiences with innovative concepts and stunning artwork. 

From whimsical storytelling to the fusion of finance and art, these projects offer something for every NFT enthusiast. Dive into the world of digital collectables and discover the gems that await you. 

## 1. Futuristic Kids: Unlock the power of Imagination 

Step into a world where imagination knows no bounds with[ Futuristic Kids](https://upcomingnft.net/event/futuristic-kids/). This upcoming NFT project combines captivating storytelling with visually stunning artwork. With its limited supply and affordable pricing, Futuristic Kids presents an opportunity for collectors and enthusiasts to own a piece of this enchanting universe. 

## 2. DeFi Tribe: Redefining NFTs and decentralized finance 

[DeFi Tribe ](https://upcomingnft.net/event/defi-tribe/)is at the forefront of merging the worlds of decentralized finance and digital art. This groundbreaking project aims to redefine how we perceive and engage with NFTs. With a strong community and active social media presence, DeFi Tribe will significantly impact the NFT landscape. Explore the intersection of finance and art and witness the future unfold. 

## 3. Midnight Talks: Embrace the mystery 

Step into the unknown with [Midnight Talks](https://upcomingnft.net/event/midnight-talks-by-web3-berlin/), an NFT project shrouded in mystery. With its limited supply and dual-phase sale, this project offers a rare opportunity to acquire digital assets that hold a touch of the mystical. Immerse yourself in the hidden depths and discover the secrets within Midnight Talks. 

## 4. Portal Fantasy: Journey to alternate realities 

Unlock the doors to fantastical dimensions with [Portal Fantasy](https://upcomingnft.net/event/portal-fantasy/). This upcoming NFT project offers a limited supply of visually stunning artworks transporting viewers to mesmerizing alternate realities. As the release date approaches, collectors can own a piece of this captivating universe and embark on their imaginative journey. 

## 5. HatoGenesis: Nature and genetics unite 

[HatoGenesis](https://upcomingnft.net/event/hatogenesis/) is a revolutionary NFT project that merges nature with the power of genetics. Featuring a limited supply of genetically inspired creatures, this project pushes the boundaries of digital art. Immerse yourself in a world where nature's wonders and technology coexist perfectly. 

## 6. Partyicons-OGX: Celebrating cultural icons 

[Partyicons-OGX](https://upcomingnft.net/event/partyicons-ogx/) pays tribute to legendary icons from music, film, and sports. This NFT project brings beloved figures to life, providing a unique opportunity to celebrate the icons that have shaped our culture. Join the party and own a piece of history with Partyicons-OGX. 

## 7. Just Travelers: An extraordinary journey awaits 

Join the [Just Travelers](https://upcomingnft.net/event/just-travelers-tribe/) on their extraordinary journey through time and space. This immersive NFT project combines breathtaking landscapes with mind-bending narratives. With its unique storytelling approach, Just Travelers promises an experience that transcends the digital realm and takes you on an unforgettable adventure. 

## 8. The Guardians: Embracing the light 

The [Guardians](https://upcomingnft.net/event/the-guardians/) invite you to embrace the guardianship of light and protect the realms from the darkness. This visually striking NFT project showcases a limited supply of majestic characters battling the forces of evil. With its strong community and engaging narrative, The Guardians offers an immersive and empowering experience. 

## 9. Sweetshop Presents: Aable delight for collectors 

Indulge your senses with [Sweetshop Presents](https://upcomingnft.net/event/sweetshop-presents-the-kandi-club/), an NFT project that combines art, gaming, and confectionery. Sweetshop Presents offers a unique collectable experience with delectable visuals and interactive elements. Satisfy your cravings and immerse yourself in this mouth-watering world. 

## 10. EZZYBREZZY: Artistic expression unleashed 

[EZZYBREZZY ](https://upcomingnft.net/event/ezzybrezzy/)is an upcoming NFT project that unleashes artistic expression in its purest form. With its captivating artwork and limited supply, EZZYBREZZY aims to create a community of art enthusiasts and collectors. Explore the depths of creativity and own a piece of this expressive and vibrant universe. 

## Conclusion 

The world of upcoming NFT projects is a treasure trove of artistic innovation and investment opportunities. The top 10 projects mentioned above represent a fraction of the exciting developments in the NFT space. 

As the market evolves, staying informed about these upcoming gems will ensure you take advantage of the latest trends and potential future successes. Embrace the world of upcoming NFTs and unlock a realm of endless possibilities. 



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