Uniswap exchange [announced](https://uniswap.org/blog/uniswap-nft-aggregator-announcement) on 30 November the launch of the NFT aggregator. The company said that users can now trade NFTs on its protocol.

The [exchange](/news/article/best-exchanges-for-crypto-uk) claims the aggregator is built to provide users with a first-rate experience, including better prices, safer smart contracts, faster indexing, and efficient execution.

According to [Uniswap](/news/article/obama-aide-uniswap), as part of its launch promotion, it will airdrop roughly 5M USDC to certain historical customers of NFT aggregator Genie, based on a wallet snapshot taken on 15 April, 2022. It will also provide gas rebates to the first 22,000 NFT users. 

## Uniswap NFT aggregator offerings

1.	Better prices and more listings: NFT aggregator will offer better prices by combining multiple marketplace listings into a single interface. [OpenSea](/news/article/haas-f1-opensea-collaboration), X2Y2, Larva Labs, X2Y2, Foundation, LooksRare, Sudoswap, NFT20, and NFTX will all be supported by the exchange.

2.	Even more gas savings: Unlike other NFT aggregators, Uniswap developers said users could save up to 15% on gas costs. ERC20 and NFT swapping are combined into a single swap router. Users can swap multiple tokens and NFTs in a single transaction while saving money on gas fees.

3.	Open source: Uniswap is committed to being trustworthy, open, and transparent. The company applied the same design principles to its aggregator and open sourced the front-end code, making it the first major NFT platform to do so.

## Gas rebate

[Uniswap](/news/article/uniswap-price-prediction-2025) exchange will offer limited gas rebates to its first 22,000 users on their first transaction as part of the launch until 14 December, 2022. It will be redeemable on 16 January, 2023, through the Uniswap app for 12 months.

The first 22,000 unique wallets that buy an NFT during this promotional period will receive a rebate on their first transaction. Partial transactions are eligible for rebates if users successfully purchase some but not all NFTs. Transactions that fail will be ineligible. The gas rebate is limited to 0.01 ETH.

While the aggregator will initially support only [Ethereum](/news/article/why-is-ethereum-going-down) NFTs, the company said more would be added in the future.

However, Uniswap's new aggregator is not the company's first foray into NFTs. The DEX previously launched Unisocks, a limited collection of "phygital" [Ethereum](/news/article/the-merge-ethereum-nft-impact) NFTs that can be "burned" and claimed for an IRL physical pair.


Uniswap Exchange NFT Aggregator

Fidelity Charitable, an autonomous charitable trust, has launched the "Art of Generosity," a unique non-fungible token (NFT) project meant to honour generosity.

[Fidelity Charitable is getting into NFTs](https://abcnews.go.com/Business/wireStory/fidelity-charitable-launches-nft-raffle-amid-crypto-downturn-94100732) despite the crypto winter, which has led to the dissolution of many big crypto and NFT projects in recent months.

Participants in the raffle, which ends today, can win one of the NFTs. Fifty people will also receive $1,000 to donate to a Fidelity donor-advised fund.

Donor-advised funds enable donors to claim a charitable tax credit before donating to an eligible non-profit.
According to Amy Pirozzolo, head of donor engagement for Fidelity Charitable, the promotion is being run to reach a new generation of philanthropists.

## Cryptocurrency donations

Fidelity claimed that donations made in cryptocurrencies to donor-advised funds skyrocketed last year, increasing from $28 million in 2020 to [$331 million](https://www.fidelitycharitable.org/content/dam/fc-public/docs/insights/2022-giving-report.pdf) last year.

Engiven facilitates cryptocurrency donations to non-profits such as Christian ministries. Co-founder and CEO James Lawrence estimates that only 4,000 or 5,000 of the 1.5 million-plus non-profits that are registered with the US IRS (Internal Revenue Service) could receive cryptocurrency donations directly.

He also noted that many people making significant gifts in Bitcoin are the same types of donors that make large donations generally, rather than the younger demographics who are more prone to invest in cryptocurrencies.

According to Robbie Heeger, Endaoment's president and CEO, there is a great opportunity for non-profits to transition from paper checks to cryptocurrency. Heeger further said that the cryptocurrency space is very focused on adopting flywheels and ways to incentivize or encourage traditional economies to migrate into the crypto economy.

## Fidelity Charitable: NFT project 

According to Fidelity, 50,000 different [wallets](/news/article/best-crypto-wallet) potentially show that many people have already registered to create an NFT and could win the money to donate.

The company is covering NFT production costs, including a "gas" fee that covers the creation and registration of the item. It has also stated that it has compensated the artists who created the images.

To claim the NFTs, users must create a cryptocurrency wallet with access to the [Polygon blockchain](/news/article/polygon-nft-drops-2022). The Fidelity Charitable NFTs are hosted on the OpenSea platform.

When participants sign up, they will see the NFT in their wallet, but the art and the winners of the $1,000 tickets will not be revealed until Giving Tuesday (29 November).


Fidelity Charitable NFT Raffle

The Batman Cowl collection debuted on 26 April, highlighting distinctive headpieces that have played a significant role in the 83-year history of the superhero. These NFTs allowed collectors to own a piece of Batman's legacy while participating in the Web3 iteration of DC Comics: DC Universe.

The Bat Cowl NFT launch offered a significant opportunity for Batman and DC fans to interact with their favourite superhero in unexpected ways. The Bat Cowl NFT launch followed the release of The Batman, the biggest blockbuster movie of 2022, with more than $500 million at the worldwide box office and the largest consumer products collection for a Batman movie in more than ten years.

## The Batman Cowl NFT collection

The NFT collection, created in collaboration with Palm NFT studio and Daz 3D, is the first official Batman NFTs to hit the [blockchain](/news/article/how-can-features-of-blockchain-support-sustainability-efforts). 

The collection was released at $300 each. DC Comics had hoped to mint about 200,000 NFTs, but now only about 12,000 are available in the DC Universe store. DC now stands on par with the numerous other 10,000 supply PFPs projects that have achieved commercial success.

Each NFT is unique and comprises 192 materials, 20 backgrounds, three ear mods, and many other features that help determine its rarity level. It is created from more than two billion combinations.

They are, however, not DC Comics' first non-fungible tokens. In 2021, the company unveiled spinning floppy disc NFTs, distributed free to all fans who registered for the DC Fandom event.

## What do Batman NFTs mean for the digital collectables industry?

The release of Bat Cowl NFTs from DC is a significant event, given that Batman (both the character and the franchise) is a significantly potent pop culture phenomenon. 

The Bat Cowl's release, as described by Palm Studio's Chief Content Officer Matt Mason in a press release, "represents a watershed moment for NFTs".

The collection is also likely to increase the interaction between comic book fans, artists, and NFTs. This is because the entry of a superhero like Batman into the [NFT](/news/article/blue-chip-nfts) space is a strong indicator of the growing influence and acceptance of NFTs in the mainstream media.

Even before legacy IP started to appear on the blockchain, projects like [PUNKS Comic](https://punkscomic.com/) and the [HUXLEY Saga](https://huxleysaga.com/) showed how interested Web3 communities were in comic-inspired business models. However, The Bat Cowl might be the first well-known superhero brand to pioneer the market.

## Batman Cowl roadmap

DC claims the collection will eventually consist of much more than just a handful of digital collectables. 
The company intends to incorporate NFTs into future DC comics stories and, as stated in a [press release](https://www.dc.com/blog/2022/03/29/the-bat-cowl-collection-one-epic-drop) accompanying the initial Bat Cowl release, aims to:

"expand utility for Bat Cowl holders every 52 days in areas such as augmented reality, metaverse integration, and expanded wallet capabilities"

Furthermore, these NFTs will give fans access to the brand's fan forum. Fans can explore physical collectables, behind-the-scenes content, merchandise, and selected fan events in this private online space. The company plans to integrate Batman Cowls into the DC metaverse over two years.



The Batman Cowl NFT Collection

[Lazy](/news/article/lazy-monkey-nft) minting is a strategy that is increasingly being used in NFT contracts. It helps in reducing high gas fees on Ethereum.

The process of converting a digital item into a crypto-collectable or non-fungible token on a blockchain is known as minting. It is the process of uploading a particular item and allocating it to a unique token on the blockchain. The digital item is kept in a decentralised database, or distributed ledger, and cannot be edited, modified, or deleted.

## What is lazy minting?

Lazy minting allows NFT artists to sign "minting authorisations", enabling users to mint NFTs later. These mint authorisation signatures are free to create and ensure that no NFTs are minted without prior approval.

It is a method of deferring minting until the non-fungible token is about to be sold. Buyers pay the fee after their NFT has been sold, making digital asset creation more affordable and equitable for creators. 

It is now available on major NFT platforms such as [OpenSea](/news/article/nft-hackers-passports) and [Rarible](https://rarible.com/).

## What is the significance of lazy minting?

It is vital because it allows artists to save money when minting, which is a significant concern when gas prices for [Ethereum](https://ethereum.org/en/) transactions are high.

When the Ethereum blockchain is overcrowded, the gas price can skyrocket. This forces artists to pay large sums of ETH to list their work for sale on digital asset marketplaces.

During hyped NFT launches, bull markets, and market-related headlines where many people try to conduct on-chain transactions, the cost to mint an NFT can become relatively high.

## How does it function?

The creation of off-chain NFTs is used in lazy minting. This implies that until an NFT is purchased, it is not officially on the blockchain. Once the digital item is bought, it is minted on-chain and the buyer is responsible for paying the gas costs to mint the NFT.

It can be broken down into three general steps:

1.	A smart contract is used by the creator to mint an NFT. On behalf of the seller, this contract will mint and sell the NFT.

2.	To approve the lazy procedure, the seller offers a private signature containing a wallet and token information (such as the token ID, price, etc.).

3.	The buyer buys the token and pays a price that includes the NFT and the cost of minting it. After that, the NFT is added to the chain and delivered to the buyer's wallet.

## What advantages does it offer?

It offers several advantages, including:

1.	Reducing the impact of gas fees: By moving the payment of the gas fee to mint NFTs after the sale, sellers can include the fee in their pricing models, reducing the deterrent effect of the high costs on budding artists.

2.	Lowering the entry barrier: One of the chief advantages is the removal of high gas costs required to mint an NFT, lowering the entry barrier and making the process more accessible to developers and artists.

3.	Boosts liquidity: It promotes liquidity because NFTs can only be transferred after being sold. As a result, buyers won't have to wait an eternity for their NFT to be transferred, and sellers won't end up with a stockpile of newly minted, unsold NFTs.

## Bottom line

[Lazy](/news/article/lazy-lions-nft) minting is a thriving trend in the market for non-fungible digital assets, with numerous advantages for artists and developers. It removes the initial cost of minting NFTs, making the process more affordable and accessible. 

Furthermore, because only sold NFTs are minted, and unnecessary power-hungry transactions are removed from the blockchain, the benefits aren't limited to artists and developers.



What is Lazy Minting?

The Star Wars NFT collection includes iconic figures from the Star Wars universe. Read more about the featured NFTs of the collection, C-3PO and R2-D2.

Non-fungible tokens, or NFTs, have brought massive digital advancements. Disney NFTs have come a long way since the MoonCats and Rare Pepe NFTs when these digital collectables first came to life as a concept in 2012.

More well-known brands are joining the fray, including Disney, the [NBA](/news/article/stephen-curry-nft), and Coca-Cola. 

## Disney NFTs

Official Disney NFTs are available from a collectables company called Veve. Veve is a premium digital collectables-based marketplace where users can buy, collect, and sell characters from their favourite franchises.

As Disney's official partner, Veve is the only place to get Disney NFTs at the moment. This includes digital tokens from newer Disney Plus properties such as I Am Groot. They have something for everyone, whether you want a [Darth Vader NFT](https://opensea.io/assets/ethereum/0x495f947276749ce646f68ac8c248420045cb7b5e/87832029613577301948440201724316869266320892884719152945259080204900729094145) or a classic version of Pooh and Piglet in gold.

Veve carries the entire catalogue. You can find a Simpsons NFT alongside a Star Wars or Toy Story NFT. New collections are constantly being added, in categories including Disney, Star Wars, and Marvel NFTs.

## Disney Golden Moments 

The Golden Moments collection honours some of the greatest Pixar movie characters from the company's history. The NFT collection includes Star Wars, Lady and the Tramp, Ironman, Homer and Bart, and Elsa.

Each NFT is a digital representation of golden statues featuring fans' favourite characters, courtesy of Veve and Pixar.

The Golden Moments collection will expand as new NFT drops occur throughout the year. The digital collectables are divided into five categories, ranging from common (Star Wars) to ultra-rare (Walt Disney and Mickey Mouse).

## Star Wars NFTs

Star Wars is one of Disney's more well-known corporate brands. The first Veve Star Wars NFT is from the Golden Moments Collection and features C-3PO and R2-D2. Soon after, another NFT appeared with a bounty hunter and one of history's greatest villains.

## R2-D2 NFTs

R2-D2 has a long history of serving Padme Amidala, Anakin, and Luke Skywalker. The versatile astromech droid has persevered through many hardships and has rescued each of his masters as they have fought their way across space.
Disney has created a fantastic digital collectable with the R2-D2 Star Wars NFT. Its rarity is "Uncommon". The drop happened in November 2021, and 8333 NFTs were produced.

During the initial minting, the list price was 60GEMs. However, collectors looking to purchase one today should expect to pay a minimum of 2700 GEMs.

## C-3PO NFTs

Anakin Skywalker created C-3PO as a companion and it was given etiquette and protocol training. The worrywart droid is still involved in intergalactic combat thanks to its ability to understand seven million languages.

The rarity of the C-3PO NFT, which dropped in November 2021,  is 'Common'. In total, 12,333 digital collectables with a 60GEM price tag were produced.

As of this writing, the minimum price to buy a C-3PO NFT is 1250.00 GEMs. 

## Star Wars NFT: Where can you get it?

You must use the Veve app to purchase the Star Wars NFTs. The app is available for both Apple's app store and Google Play for Android phones. After downloading Veve, you must add GEM coins before purchasing NFTs on the Veve market.

All Disney [NFT](/news/article/nft-land) sales are subject to a 6% licensors fee, in addition to the 2.5% fee charged by Veve for all secondary market sales.

## Disney NFTs - future plans

[Disney NFTs](/news/article/next-disney-nft-drop) have only been around since the introduction of the Golden Moments Collection, but it already seems like the company has a strong foothold in the market. They have plans for the Metaverse and have reached a new audience in the cryptocurrency space thanks to their partnership with Veve.

Disney started preparing its strategy for the Metaverse earlier this year as part of the "next generation of storytelling".



Star Wars NFT on Veve

[Bored Ape Yacht Club (BAYC)](/news/article/how-to-buy-monkey-nft) derivatives are slightly modified versions of the original BAYC Non-Fungible Token (NFT) digital art. The modified NFTs or derivatives have recently gained demand in the digital market. Well, you now know what BAYC derivatives are. But what about the 'Bored Apes' in [Bored Ape Yacht Club](https://boredapeyachtclub.com/#/)?

In simple terms, BAYC is a collection of digital art commonly known as non-fungible tokens (NFT). The art features Ape cartoon profile images generated by a computer algorithm. The BAYC art collection is built on the Ethereum blockchain and launched on 23 April, 2021.

Four friends, Greg Solano, Wylie Aronow, Zeshan Ali, and Kerem Atalay, founded Yuga Labs, the BAYC parent company. According to Aronow, the name 'Ape' is derived from the term 'aping in', used in cryptocurrency, like [Dogecoin](/coins/doge), to mean buying a new NFT or currency after its launch without doing thorough research.

## Why are BAYC derivatives so popular?

Currently, there is increased publicity around NFTs and their derivatives that has attracted millions of buyers keen on making a profit. Also, the fact that one can use their Bored Ape as an avatar on social sites makes these NFTs appealing to many. In addition, [exposure by celebrities](/news/article/stephen-curry-nft), collaboration with big brands, and scarcity have jointly made BAYC derivatives very popular.

## Are the derivatives valuable?

More often than not, original NFT collections are out of bounds to many traders who fail to get on board early on. This drives traders and creators to make their most desired and popular NFT collections derivatives. By doing so, they also enjoy the hype around the original collections and make huge sales after minting them. However, this approach is not sustainable, and many derivatives do not last long.

Currently, the price floor of a Bored Ape is $86,788, equivalent to 57.75 ETH, and still one of the best and most popular NFTs in the market. This basically gives these derivatives an upper hand when it comes to value. 

Although many are still speculating on cryptocurrency's value [stability and Anti-Money Laundering (AML) security measures](https://news.sky.com/story/elon-musk-sued-for-258bn-over-claims-he-ran-a-pyramid-scheme-to-promote-dogecoin-12635334), things don’t look like they are changing any time soon.



BAYC Derivatives Explored

Boryoku DragonZ is a promising addition to Solana’s NFT library, but is the collection worth investing in?

![dragonz (asia crypto today).jpg](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/dragonz_asia_crypto_today_81e9dcac4d.jpg)
  
Image Source: [Asia Crypto Today](https://www.asiacryptotoday.com/boryoku-dragonz/)

There are countless NFT collections and projects out there that have flooded the [blockchain](/articles/learn-moni/what-is-blockchain) industry. But, just a handful make it to the big stage. Lately, Solana has been claiming many of the top spots. One such project that's gradually rising through the ranks is [Boryoku DragonZ NFT](https://boryokudragonz.io/). We'll take a look at what the project is and whether or not it has any earning possibilities for users. So, without further ado, let's get into it.

## What is Boryoku DragonZ NFT?

Well, the name itself is pretty self-explanatory, with the project being an NFT collection of various animated dragons. The design theme is easily the first thing you’ll notice about the collection. The retro-style makes the entire series feel like a standout from Solana's vast NFT project library.

Moreover, the project can be considered mostly an investment opportunity. There's no application, game, or any other piece of utility tied to the NFTs. The main idea behind the Boryoku DragonZ NFT is to collect the NFTs, breed them together, and hatch new eggs. As you may have guessed, holding these NFTs will reward you with money, paid in the game's own cryptocurrency, $BOKU.

## How much can I earn from Boryoku DragonZ NFT?

As per the official numbers from the developers, a common DragonZ NFT will pay its holder seven $BOKU per day. Considering its [current price in $USD](https://coinmarketcap.com/currencies/boku/), that translates to around $0.35. So, owning one dragon for an entire month could bag you about $10.    

Now, this doesn’t seem too bad of an investment, as you can easily find DragonZ for less than $10 on [Magic Eden](https://magiceden.io/marketplace/boryoku_dragonz). If you purchase multiple of them and HODL for a few months, it could likely turn out to be a profitable investment.

However, in the crypto space, nothing is guaranteed. The price of $BOKU could very well drop - or it could spike up too. Ensure you do your own research, and only invest if you're sure about what you're doing.


Boryoku DragonZ NFT: A Good Investment? 

Yuga Labs, since its launch in 2021, has become an influential blockchain company that is shaping the Web3 ecosystem. Its service offering has made it popular among non-fungible token (NFT) enthusiasts.

The blockchain company is well known for two of the world's biggest NFT projects - Bored Ape Yacht Club (BAYC) and CryptoPunks. Even though it initially set out to become a global NFT media empire, the company keeps raising the bar. It aims to reduce the limitations in Web3. By building what it calls the "Yugaverse," project owners and creators can interact seamlessly in Web3.

## What are Yuga Labs?

Founded in February 2021 and incorporated in Delaware, United States, Yuga Labs is a blockchain company specializing in creating significant and profitable NFT projects.

The company was founded by two individuals who went by the pseudonyms Gordons Goner and Gargamel. Two engineers, Emperors Tomato Ketchup and Sass, also joined the team.

However, an exclusive by BuzzFeed doxed the real identities behind Gargamel and Gordon Goner. They were revealed to be Greg Solano, a writer, and Wylie Aronow, a former student. The engineers subsequently revealed their names to be Zeshan and Kerem.

While controversies trailed the doxxing, given that anonymity is a major feature of blockchain technology, the founders chose to remain anonymous when the NFT project was launched in April 2021.

Notable among the firms' projects are the BAYC, Mutant Ape Yacht Club (MAYC), Bored Ape kennel Club (BAKC), and CryptoPunks. While BAYC was a pilot project with a unique collection of 10,000 Bored  Ape  NFTs, BAKC and MAYC were launched as spinoff collections in June and August 2021, respectively.

Currently, the company has one of the most dominant NFT projects and is a financially stable company in Web3. [Data from Statista](https://www.statista.com/statistics/1265505/bored-ape-yacht-club-nft-development/) shows that the firm closed 2021 with a sales volume of $ 13,932,950.62.

*Read More About [Dogecoin](/coins/doge)*

### Projects owned by Yuga

Yuga Labs is the backbone behind several blockchain-based NFT projects. These projects include:

•	[The Bored Ape Yacht Club (BAYC)](/news/article/how-to-buy-monkey-nft) - represents a collection of 10,000 Bored Ape NFTs that have grown to become quite valuable and recognizable profile pictures in the crypto industry. With the collection valued at billions of dollars, it currently has a floor price of $106,955.

•	CryptoPunk- are 24 x 24-pixel images that are generated algorithmically. It was earlier unveiled as a fixed 10,000 set of items in 2017 and subsequently became an inspiration for the ERC-721 standard. In March, Yuga Labs [acquired](https://cointelegraph.com/news/nifty-news-yuga-labs-buys-cryptopunks-1inch-wallet-supports-nfts-and-more) the intellectual property (IP) of CryptoPunks.

•	The Otherside - represents a Metaverse platform with a user- experience that has a non-linear structure. The platform allows players to explore the virtual world in its entirety.

## The future of Yuga Labs

It can’t be denied that NFTs play an important role in the technology industry, both as a means of ownership and investment.

Since its inception, Yuga has shown promising attributes. Its thirst to become the future of the Metaverse shows that the company will keep meeting investors’ expectations.

Despite reports that the US [Securities and Exchange Commission (SEC)](/news/tag/sec) is investigating the company over allegations of unregistered offerings, its projects are interesting and should be watched closely for more developments.
 
 


Yuga Labs Explained

[Fortify](https://fortify-blockchain.com/) NFT boosts the value of your products. It combines blockchain and NFC technology to increase brand trust and engagement.

The platform offers a secure module (NFC crypto chip) that enhances your product by bridging the physical and digital worlds.
All data is stored in an open, [decentralised blockchain](/news/article/dns-servers) network. The platform guarantees transparency and immutability. It offers fully customised mobile applications (Android, iOS) for your customers to interact with your product to strengthen your brand. 

Fortify allows you to: 

1.	Prove your product's authenticity using the NFC crypto chip.
2.	Claim and transfer ownership.
3.	Check on the product's sustainability and provenance, and many other functions.

## Services offered by Fortify 

1.      Genuineness and thriving secondary markets
Artists no longer participate in the secondary market for their works of art because, after a sale, they no longer see the value in doing so. 

Fortify enables a thriving secondary market while returning control to artists. An NFC chip protects each piece of art, and the blockchain is used to track and modify ownership. Every resale generates some profit for the artist.

2.      Trust and participation in the fashion industry
Handbags, shoes, watches, and glasses are a few examples of products plagued by counterfeiting. Furthermore, customer engagement is low. Once purchased, the producer's ability to increase customer interaction with the product or brand is limited.

Fortify alters this by generating a digital twin of each object on the blockchain and encouraging customers to interact with it.

3.      Industrial applications: Track assets as they move through the supply chain
Goods of any kind in industrial processes can be linked to a digital twin on the blockchain using the NFC chip. These goods can be tracked transparently throughout the entire supply chain. 

Costs for identifying, tracking provenance, or obtaining reliable information about previous production steps can be drastically reduced.

4.      Solution for high-end spirits
The counterfeiting of spirits is massive, especially when it comes to high-end products. Fortify's solution for high-end spirits protects bottles of any type from counterfeiting, as demonstrated by a limited edition of 999 bottles of GIN. 

## How can Fortify NFT help your business?

1.      Authenticity 
Fortify’s blockchain-NFC chips embedded in your products serve as an anti-counterfeit solution, protecting your brand.

2.      Customer Engagement
You can use blockchain tokens ([NFT](/news/article/meta-facebook-nft) to prove ownership, purchase and sell goods on the secondary market, collect digital and physical goods, and many other things.

3.      Rarity
You can establish trust by being upfront about the actual number of an item's limited supply.

4.      Supply Chain Transparency
Any asset can be tracked and traced throughout the supply chain using Fortify.

## Bottom line

Have you ever lost track of your product after it was sold in a retail setting? 

Fortify NFT can solve this problem. The application dashboard provides detailed information on customer interaction with your products: When and where was its authenticity established? Is it being resold on the secondary market? Who currently owns the digital and physical assets? All this data is retrieved from NFC chips and the blockchain and displayed in a user-friendly interface.



Fortify NFT Explained

The [Solana Doodle Apes](https://magiceden.io/marketplace/solana_doodle_apes) project is a collection of community-driven non-fungible tokens. If you are into NFTs, you must be familiar with the [Bored Ape Yacht Club](https://boredapeyachtclub.com/) collection, which introduced funky ape avatars. The Doodle Apes are inspired by this project and introduce similar kinds of collectables on the [Solana blockchain](/news/article/solana-price-gbp). 

But this project is not just a rip-off of [Bored Ape](/news/article/bored-ape-nft) Yacht NFTs. It introduces a more adorable, colourful, and cute version of the apes. Let's dive deeper into the project to learn whether it is worth your investment.

## What are Solana Doodle Apes?

Doodle Apes is an SOL-based collection of digital assets. Launched on 7 January, 2022 and introducing 3,333 collectables on [Magic Eden](/news/article/magic-eden-expands), these collectables are ape avatars with distinctive characteristics. The project draws inspiration from a popular Ethereum-based NFT collection by Yuga Labs.

The developers allocate 50% of trading fees royalties for the holders at least once each month. Another 5% of the royalties go to the community fund, which is consumed for marketing, community development, and maintenance.

If you are an NFT holder, you can vote to decide how the platform should spend the fund. Holding these NFTs will also allow you to generate a passive income.  

## Characteristics of Doodle Apes

The team behind this collection describes these doodled apes as intelligent and fast creatures. They like to swim, climb trees, and do high jumps. You can also find these new ape species in the South American jungles.

Each of the ape NFTs has unique attributes like different coloured backdrop, clothing, facial features, hats, and skin tone.

## Where to buy these NFTs

This collection of NFTs is available on some of the best Solana NFT marketplaces, including Magic Eden and SolSea. You can also find them on top-ranked marketplaces like OpenSea and Rarible. Moreover, its roadmap indicates that it may soon be launched on other platforms like Digital Eyes, SolanArt, and others. 

## What’s the floor price of these collectables?

As per the data by Magic Eden, the total volume of these collectables is 8,138.37. The total number of holders is 2,247, and the floor price of each NFT is 0.067 SOL. However, there are a few NFTs whose prices are up to [1049882.4 SOL](/news/article/solana-nft-marketplace).

## Is Solana Doodle Apes NFT legit?

To gauge the legitimacy of any project, its website and socials are important. Currently, the project's website [https://solanadoodleapes.com](https://solanadoodleapes.com/) is not accessible, and it isn’t available on Twitter either. It is pretty concerning; that’s why Magic Eden has also flagged the collection. 

Nonetheless, it is listed on various other [marketplaces](/news/article/solana-nft) like SolSea, OpenSea, and Rarible. It also proposed an exciting roadmap. So, if the project progresses, we might see more activity within the community. If you are considering investing in this collection, it is advisable to conduct your research.



Solana Doodle Apes Explained

Greetings, Whovians, and welcome to Dr Who Worlds Apart.

Have you ever thought of jumping in the TARDIS and travelling across the universe? Well, now you can.
A collaboration between [Reality Gaming Group](https://realityplus.com/) and the [BBC](https://www.bbc.co.uk/) has brought the longest-running and most successful science-fiction television show in the universe to your digital decks.

[Dr Who Worlds Apart](https://doctorwho-worldsapart.com/) is a digital card trading game where players can collect, battle, and trade in real time:

•	Assemble your decks with your favorite characters, objects, and moments from the adventures of the Timelord.

•	Trade - buy and sell cards on the Worlds Apart native marketplace with users from around the globe. Buy card packs and tokens on the online store.

•	Battle it out with friends in the online game to conquer all of time and space!

## How Dr Who Worlds Apart works

By harnessing the power of blockchain technology, Reality Gaming Groups (RGG) has transformed digital collectible cards into secure, protected, and scarce [Non-Fungible Tokens (NFTs)](/wiki#character-n). NFTs give the cards unique identities, which ensures that every gameplay detail is recorded and publicly stored. This allows you and your teammates to see a track record of wins, losses, and all other accomplishments.

## How to enter the Whoniverse 

Users can register their accounts and start collecting cards as well as adding cosmetic Alien frames straight away. These can be purchased in-store or on the secondhand marketplace using Pandaks (named after the original Lord President). $1 is worth 100 Pandaks. What's more, you earn ten free Pandaks every time you log in! The earlier you assemble your deck, the lower the price will be.

## Bringing Dr Who to younger generations

Co-founder of RGG Tony Pearce said: "In the beginning, getting Doctor Who fans to understand what an NFT is had proved difficult. Together with the BBC, we hope to educate the younger Doctor Who fans of why there is value and utility with these cards."

## Paper or digital deck - what’s more sustainable?

There has been much media coverage concerning Bitcoin's intensive energy use. It is estimated that the world's largest cryptocurrency consumes more electricity per year than the entire country of Argentina which, with a population of 45 million people, is a lot of energy!

Context is key when interpreting statistics, and carbon emissions can be difficult to measure across different industries. However, the transparent nature of blockchain's distributed ledgers makes it much easier to perform audits and approximate current and future energy use.

In industries with physical supply chains, it is a complex and often inaccessible process to calculate [scope 3 emissions](https://www.carbontrust.com/resources/briefing-what-are-scope-3-emissions). This is especially so in sectors like [metals mining](https://www.gold.org/news-and-events/press-releases/gold-and-climate-change-the-energy-transition-press-release) which create a much larger carbon footprint than crypto.

All online activity has an associated energy cost. For example, [YouTube uses 250% more energy](https://thefactsource.com/how-much-electricity-does-youtube-use/) per day than the entire Bitcoin network. The [traditional banking system](https://cointelegraph.com/news/banking-system-consumes-two-times-more-energy-than-bitcoin-research) uses twice as much energy as the Bitcoin network daily. [Research by Cambridge University](https://www.jbs.cam.ac.uk/wp-content/uploads/2020/08/2019-09-ccaf-2nd-global-cryptoasset-benchmarking.pdf) suggests that the energy that powers crypto mining is already as much as 78% renewable.

There is often a misconception that the energy cost of Bitcoin is the same for all blockchain networks. Ethereum uses about half of the energy of Bitcoin, and the network's overhaul from the Proof of Work consensus model to Proof of Stake has reduced Ethereum's energy usage by 90%.

## RGG’s approach to the climate reality

Using and developing NFTs and blockchain applications require energy, just like any game developer or other industry in the world. [Reality Gaming Group](https://realityplus.com/) understands that blockchain technology has a significant [environmental impact](https://doctorwho-worldsapart.com/sustainability/) and is committed to keeping this to a minimum. To this end, all of the Group's data servers and websites are certified as carbon-neutral.

Dr Who Worlds Apart runs on a fork of Ethereum known as a ‘sidechain’ which uses less energy than the Ethereum mainnet and is more versatile for bespoke development. RGG plans to integrate Polygon and other layer 2 companies to improve energy efficiency and speed further while retaining the security and authentication benefits of the Ethereum network.

It can be argued that the emissions involved in manufacturing and transporting physical cards may have more impact on the environment than collectible digital cards using NFT technology.

Built using blockchain for integrity and utility, Dr Who Worlds apart is the perfect platform to inspire existing and future fans. So, don’t waste any more time. Go forth, assemble your deck, and get collecting to master the universe.


Dr Who Worlds Apart: The Time is Now

Cyberpunk is one of the new trends to make it big in the NFT space.

The non-fungible token market has come a long way. It started in the early years of the last decade with the mere introduction of coloured coins. Then, [Ethereum emerged](/news/article/eth-to-gbp) and provided a platform where they flourished. Post-2018, NFTs have become a buzzword in the industry, with even memes being minted as NFTs.

But 2021 was the real game changer for these tokens. The year saw a record [$17 billion worth of NFT sales](https://www.cnbc.com/2022/03/10/trading-in-nfts-spiked-21000percent-to-top-17-billion-in-2021-report.html) and was dubbed "the year of NFT". Today, you see brands, celebrities, and artists promoting them.

Along with the tremendous market growth, it has also transformed digital art. Now, various genres have emerged in digital collectables. One of them is cyberpunk NFT. 

## What is a cyberpunk NFT?

Neon lights, smoke, femmes fatale, a person standing at the fringes of the city, late nights, and tall buildings - these best define cyberpunk. It is a distinctive subgenre of sci-fi. It has gained popularity in the non-fungible token market, notably among Gen-Z, who love to collect digital art pieces.

## The main themes you can observe in this new genre of NFTs are; 

•	Quantum computing.

•	AI (Artificial intelligence).

•	Technologies beyond AI.

## The rise of cyberpunk NFT genre

[Web3-based games](/news/article/web3-games) and the emergence of [Metaverse](/news/article/farming-games-in-metaverse) are the two reasons behind the skyrocketing popularity of this genre. In the last couple of years, various RPG titles have surfaced that share cyberpunk themes. 

Among them, [Cyberpunk2077](https://www.cyberpunk.net/us/en/) is one name that triumphed. It introduces a world that shows the concepts of the sci-fi subgenre, like dystopian cities, technology, and aggressive capitalism. The game's sequel will likely have NFTs. The dark fantasy game [DRKVRS](https://alephzero.org/blog/drkvrs-dark-metaverse-aleph-zero/) is also working on launching NFTs for their community. 

Other notable names include Ghostrunner, [Citizen Sleeper](https://www.fellowtraveller.games/citizen-sleeper), Deus Ex: Mankind Divided, and [The Ascent](https://store.steampowered.com/app/979690/The_Ascent/). These games have directly and indirectly promoted the new genre of NFTs.

## Popular cyberpunk NFT projects

Recently, many NFT projects that share the characteristics of this new genre have entered the marketplaces. [CryptoPunk](https://larvalabs.com/cryptopunks) is one of the oldest ones among them. Though these pixelated NFTs might not look similar to the more recent projects of this genre, the project's fundamentals align. It is a collection of pixelated avatars that could become your identity in the digital world.

[Cyberpunk by Yagatoshi](https://opensea.io/collection/cyberpunk) is another fine example. It introduces excellent art pieces depicting all the features of futurism and advanced tech. You can also check [Blockrunrs](https://opensea.io/collection/blockrunrsnft), which introduces avatars with anime aesthetics. Other noteworthy names include [Cyberpunk Ape Executives GENESIS](https://opensea.io/collection/cyberpunk-apes), Loot, [Cyberpunkz Official](https://opensea.io/collection/fandom-central), and others.

## Closing thoughts

Cyberpunk has recently emerged as a new genre in digital art. The futuristic themes and the AI are the main characteristics of these NFTs. The popularity of sci-fi games and the rising use of advanced computer technology have significantly encouraged this genre. With the increasing popularity, we may experience a rise in cyberpunk NFT projects in the future.


Cyberpunk NFT: A New Genre

The entire crypto market is reeling from the [crash](/news/article/ftx-collapse-blockfi-suspend-withdrawals) of the FTX exchange. Amid this, the price of all the major cryptocurrencies, including [Bitcoin](/coins/btc), [Ethereum](/coins/eth), and others, have plunged. On the other hand, NFTs have also felt some impact from this crash. But one of the collections that suffered the most is the [Bored Ape Yacht Club](https://boredapeyachtclub.com/) (BAYC) NFT collection.

The data from several sources suggest that the price of NFTs for this project is continually decreasing. One of the primary reasons behind it is the tumbling value of Ether. This has forced the holders to panic sell their digital art collectables. 

## The plunging value of the BAYC NFT collection

The data from [NFT Price Floor](https://nftpricefloor.com/) indicates that the CryptoPunks collection has replaced Bored Ape collectables. The floor price of CryptoPunks is 66.49 ETH, whereas the value for the [Bored Ape Yacht](/news/article/bored-ape-nft) collection is only 52.00 ETH. 

Besides, the data aggregator for collectables, [CryptoSlam](https://cryptoslam.io/bored-ape-yacht-club/sales/summary), further shows that the sales of NFTs have decreased over the past month. Last month, the total traded volume was $31,275,729.82. However, in November, till now it was $26,838,932.67.

## Why is the price falling for the BAYC NFT project? 

It is one of the most popular projects in the digital art market. The falling costs of these NFTs are quite alarming for the collectors. Though there are numerous factors for the decline in its value, [FTX collapse](/news/article/ftx-bankrupt-who-to-blame) is a major one. 

According to Wu Blockchain, the creators of BAYC, Yuga Labs, had stored around 18,000 ETH on the FTX’s Blockfolio for royalties.

![bayc.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/bayc_7a1534ef34.png)
 
Because of this, its collectables have experienced a more than 10% decline in value. Moreover, the project lost its first position due to the drop in market capitalisation. The collectors are now inclined towards owning a [CryptoPunks](/news/article/jay-z-cryptopunks-nft) collectable instead of this project’s NFTs.


Why BAYC NFTs Suffered Most from the FTX Crash

The [Monkeyland](https://monkeylandnft.com/), a Metaverse game, has launched its NFT, taking social circles and many communities by storm. It has also attracted the involvement and interest of numerous KOLs and big Vs.

The Metaverse is rapidly evolving. Big names in technology, such as Facebook, Google, Microsoft, Apple, Sony, Tencent, and Huawei, have already implemented the most popular concept, "Metaverse".

## What is Monkeyland?

It is a collection of 3,999 ERC-721 non-fungible tokens on Ethereum. It is a monkey experimental P2E NFT game in which 3,999 monkeys are built, trained, and watched grow in the Metaverse. Monkeyland tokens can be earned by winning or engaging in other people's games.

## The popularity of "Monkey" NFT

The Monkey is immensely popular in the market and is generally in the top ten NFTs preferred by users. Monkey-related tokens have become a social media trend. They have attracted many celebrities, big Vs, famous athletes (including NBA Rookie of the Year LaMelo Ball), and other influential people to participate.

This "[Monkey](/news/article/how-to-buy-monkey-nft)" NFT's east wind naturally blows to Monkeyland NFT. Aside from the hot market caused by the overall environmental situation, the founder of Monkeyland put in place a detailed roadmap before the project's launch, clearly explaining its ownership. The advantages of NFTs include ground monitors, snipers, liquidity pools, and contract manufacturers.

## The wealth effect of Monkeyland NFT

NFT projects with "ecological" attributes are becoming increasingly popular as NFT participants become more interested in projects with utility (rather than just a piece of digital art).

When people purchase digital tokens, they are very concerned with whether they will make money, which sometimes exceeds their liking.

An NFT project will unavoidably draw attention from the outside world if it has a significant wealth effect. There are numerous examples of "small investment, big return". For instance, NBA Top Shot gained popularity after a LeBron James NFT card sold for a handsome $100,000.

Monkeyland has the same genes. You can make huge profits if you purchase the first batch of the NFT. There is still ample room for profit in the secondary market if you have a good eye.

## Monkeyland launch

Within three hours, the Otherside Metaverse sold 55,000 units of Monkeyland tokens, also recognised as the Otherdeed. The land cost 305 [ApeCoin](/news/article/gucci-accepts-apecoin-payment), worth about $5,800 at the time of minting, and grossed $317 million.

55,000 of the 100,000 Otherdeed NFTs have been purchased by more than 27,000 users, with the remaining 45,000 included in the airdrop open to existing BAYC and MAYC NFT holders.

Customers were required to complete a Know Your Customer (KYC) verification of NFT to arrive in the virtual world of the Otherside metaverse.

Holders of the [Bored Ape Yacht Club (BAYC)](/news/article/bored-ape-nft) and Mutant Ape Yacht Club (MAYC) were free to claim Monkeyland for 21 days.
According to Etherscan block explorer data, the Otherdeed sale increased the GAS fee on the Ethereum blockchain to 8,000 GWEI.

## The community effect

People with [Monkey](/news/article/lazy-monkey-nft)-related avatars have recently been seen on social media platforms. Monkeyland has a booming market and attracts a variety of big names in the business and movie industry due to its community effect.

Before this, it was challenging to imagine an NFT project that would inspire thousands of individuals to promote it voluntarily and actively and even express their love by changing their avatars.

## Is it a promising investment?

Monkeyland, the Metaverse game, promises huge profitable returns to its holders. The monkey avatars have taken social media by storm. Looking at the [Monkey NFTs](/news/article/monkeyball-nft) craze, we can say Monkeyland NFT can be a promising investment in the long run. 

But, it is always suggested to conduct in-depth market research before investing.


Monkeyland: Metaverse NFT Game

RMRK is a set of NFT standards that compose several "2.0 lego" primitives, allowing users to create NFT systems of arbitrary complexity. RMRK coin is its token.

## Origins of RMRK

[Bruno Kvorc](https://twitter.com/bitfalls), the Web3 Foundation's technical instructor at the time, established RMRK in 2020. RMRK began as a hobby project and has grown to a staff of 20 persons. 

The RMRK team is the curator and primary developer of the RMRK standards and the [Skybreach metaverse](https://skybreach.app/), as well as a for-profit corporation producing products on this infrastructure. The team wanted to make great goods, but the infrastructure on which to construct them did not yet exist. So, they opted to build the infrastructure first. This infrastructure is now open to the public.

## The RMRK coin 

The [protocol's](https://coinmarketcap.com/currencies/rmrk/) official token is RMRK. It is not essential to utilise the protocol. However, it can improve the experience and is required as a deposit for Sybil resistance and spam resistance when generating collections from the many supporting chains auto-added to Singular. 

The [maximum supply](https://singular.app/tokens) is ten million. There is no inflation, and the token is deflationary due to the loss of wallet access sometimes, as well as various mechanisms that lock up and periodically slice the tokens.

In a [fairdrop](https://app.subsocial.network/@rmrkapp/the-rmrk-token-fairdrop-16047), users can give 8.9 million (89% of the current circulating supply) [Kanaria eggs](https://kanaria.rmrk.app/) to original Kanaria egg purchasers. 5% is locked for the core team to access after two years (1-year cliff, one-year linear vesting per block), while the rest of the supply is with the community. Investors cannot airdrop new Kanaria NFT purchases.

## Where can you buy the coin?

Users can purchase the currency on the following exchanges: 

KuCoin - This [cryptocurrency](/news/article/asian-yuan-china-token) exchange presently supports the trade of more than 300 popular tokens. It is the first to provide purchasing options for new tokens and is currently open to international and US citizens. 

Gate.io - [gate.io](http://gate.io/) was founded in 2013 and is among the most popular and respected exchanges. It accepts payments from most foreign countries, including Australia and the United Kingdom. Residents of the United States and Canada are, however, not permitted.

## Why choose to use RMRK coin?

The [token](https://www.securities.io/investing-in-rmrk-rmrk-everything-you-need-to-know/) provides users with benefits they should not overlook, such as a way to earn passive income, trade, or use it within the network. Finally, its goal is to provide a set of NFT legos and an easy way to handle NFTs.


RMRK coin: Benefits and uses explained

One exciting Solana project is [Okay Bears NFT](https://www.okaybears.com/). Launched on 26 May and quickly gaining popularity, the project has introduced 10,000 NFTs. At the time of the launch, each Bear NFT cost was around 1.5 SOL (approximately $150). However, now its floor price has reached 49.99 SOL.

[Solana](https://solana.com/) is becoming a famous ecosystem for digital art collectors and artists. Also, recently, its [mints reached all-time high](/news/article/solana-nfts), and new projects are continuously entering the marketplaces. This signifies the potential of [SOL-based non-fungible tokens](/news/article/solana-nft-marketplace). 

## The idea behind Okay Bears 

The project is led by an anonymous team of 12. Its co-founders identify themselves as [Suby](https://twitter.com/suby_sol) and [Kais](https://twitter.com/powerofpixel). They have built it around the idea of shaping a vibrant community that preaches acceptance and spreads positivity. 

Its community is quite active in organising [charity events](/news/article/web3-games), particularly for promoting basketball. For this reason, they have collaborated with several organisations like HEIR and Lonzo Ball.  

## Bear NFT Blueprint

1. Bear Market
It might resonate with the crypto [bear market](/news/tag/bear-market). However, it's the platform's own marketplace. Here the members get access to Web3 marketplaces, Web2 online stores, and physical pop-up stores. 

2. The Park
The Park is the Discord group of the platform. It represents a safe space for everyone. All community members are equal, and there are designated roles for anyone.

3. Platform
All events, meetups, and conferences are planned on the platform. It helps connect the Solana industry leaders to shape the fraternity. Okay Bears might also launch an incubator through the platform.

4. Gallery
Here the entire collection of NFTs is showcased. Moreover, there are also plans for fan art and IRL pop-up exhibitions.

5. Workshop
All the labour for public awareness and community engagement campaigns is done in the workshop. There is also a focus on CSR, for which its team collaborates with several brands.

## Final take

This is an ideal project if you want to be part of charity campaigns. It focuses on spreading positivity and only good vibes. Its vibrant community promotes acceptance and equality to bring positive societal change. Besides, it also has collections that include rare [Solana-based NFTs](/news/article/solana-nft) that can be rewarding.



Okay Bears NFT Explained

[DeGods](https://www.degods.com/) NFT is a deflationary collection of gods dressed in a creative aesthetic of modern streetwear that meets ancient deity vibes, emphasising community utility. The collection has more than 4,300 owners and is one of the most popular Solana projects on both OpenSea and Magic Eden.

There are currently 9,465 NFTs, as the team has burned the remaining 535 DeGods NFTs. They have characteristics that range from Common to Uncommon, Rare, Super Rare, and Mythic. The Divine Robe, Heaven Background, Night Vision Goggles, Mythic Helmet, Smoke Ring, and other Super Rare and Mythic traits are included in the collection. The Medusa Head is the rarest trait in the collection.

DeGods NFT can be purchased on the [Magic Eden](/news/article/magic-eden-expands), Alpha Art, OpenSea, and [Solanart](/news/article/solanart-nft-marketplace) marketplaces.

## DUST

DUST is the DeGods community token designed to further the project's utility. It is a [Solana](/news/article/solana-nft) blockchain SPL token with a zero starting supply. The team intends to limit the supply of DUST to 33,300,000. The only way to mine DUST is staking a DeGods or DeadGods NFT. 

## What are DeadGods?

DeadGods are the new version of DeGods NFT. The upgrade allowed collectors to purchase a "fine art" version of their existing NFT. 

DeGods holders could pay 1,000 DUST (the community's utility token) to obtain the new version of their NFTs (which featured the same rarity but had their attributes re-illustrated). 

Because the DeadGods NFTs were added to the metadata of collectors' original NFTs, they are considered identical and cannot be sold separately. As a result, the addition of DeadGods did not dilute the collection's supply while increasing its value. It gave holders a much-needed boost and drew the attention of many people outside the community. The new NFTs resemble undead and decaying versions.

## DeDAO

DeDao is the community's autonomous decentralised organisation. It is supported by the DeGods' 9.99% marketplace fee, divided into two parts. The 3.33% goes directly to the core team, while the remaining 6.66% goes to DeDAO to help fund project development.

The DeDAO leadership comprised DAO Leads, the DeAlpha Team, and the Divine Council. It also holds community raffles and collaborates to make DAO acquisition decisions.

## Is DeGods a worthy investment?

DeGods can be a decent investment because of their deflationary basis. To preserve the value of holders' investments, the creators have implemented special measures such as the Paper Hand Bitch Tax. 

Furthermore, the ability to eventually convert DeGodz into DeadGods, which generates even more DUST, adds to the benefits of ownership.

DeGods holders may benefit from market news and events for other NFTs. This has been particularly revealed by the recent launch of y00ts, developed by the same mastermind as DeGods, thereby drawing more attention to the NFT due to the launch. Future market events may generate additional interest in this NFT. With all these considerations, DeGods NFTs could be a wise long-term investment.


DeGods NFT: A Solana Project

The non-fungible token market has, in recent years, made tremendous progress. Novel [NFT projects](/news/article/how-to-create-an-nft) are entering the marketplaces, left and right. Recently, one project dubbed a masterpiece is [the Merge NFT](https://opensea.io/collection/m) by Pak, which has made it to our list of “top five [most expensive NFTs](/news/article/most-expensive-nft sold”). 

The project made record sales of [more than $91.8 million](https://www.barrons.com/articles/paks-nft-artwork-the-merge-sells-for-91-8-million-01638918205) by selling 312,686 units to 28,983 collectors within two days. But what makes it unique is that these are interactive and dynamic NFTs. They have an unconventional smart contract that gives them the merging power. 

We understand that it can be quite a puzzling mechanism. Therefore, this article will explore the curious case of the Merge NFT.

## What is the Merge NFT?

It is one of the projects of a highly acclaimed pseudo-anonymous digital art creator [Pak](https://twitter.com/muratpak). It is a collection of interactive NFTs launched in December 2021 with an open edition sale containing bizarre circle-shaped NFTs representing mass units.

However, these NFTs are unconventional as they can be combined as one. They are programmed so that one [wallet](/news/article/best-crypto-wallet) address can only have one Merge at a time. 

To break it down, if you already own an m(1) and go to buy m(2), both these mass units will be fused into one, making m(3). Their masses will add up, and the circle will expand.

m(1) + m(2) = m(3)

In essence, all the units of this collection are one. So, scarcity increases as tokens are fused into one. 

## How does ‘the merging’ mechanism work?

The mechanism is quite similar to the burning mechanism. When two masses are merged, the previous one is burned, and a new and bigger unit emerges. 

Its mechanism works in two parts. Firstly, when these NFTs are being transferred from one wallet to another, it identifies whether the recipient address has a token or not. If yes, it proceeds with merging the smaller unit into the larger one. Essentially, the smaller token is burnt in this process. Meanwhile, at the back end, it tracks the number of merges.  

The second part is for the shape of the new circle. An SVG generator is simply applied to create a circle based on accumulated masses. 

## What makes this NFT distinctive?

The Merge NFT project is distinctive in various ways. For one, it can be regarded as a single token as all of them can be fused if stored in one wallet. Secondly, it creates scarcity uniquely, that is, the 'true burn' process.

Unlike the usual burning, where 0xdead is used, NFTs are transferred to 0x0 to eliminate them from the smart contract.

The introduced [smart contract](/news/article/smart-contracts-blockchain) may have various use cases. For example, [play-to-earn games](/news/article/farming-games-in-metaverse) can use the mechanism to upgrade the players’ avatars, weapons, etc. Additionally, it can be used in credit cards to accumulate credit scores.  

## Bottom line

Though this NFT project may look bizarre, it is fascinating because of its innovative scarcity through which NFTs can be eliminated entirely. The possibility of one collector owning all the tokens as one is quite compelling. And this mechanism has several other use cases as well.



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