World of Women NFT is the epitome of purpose-driven NFT art. It describes itself as a "thriving community" celebrating "representation, inclusivity, and equal opportunities for all".

Yam Karkai founded these non-fungibles in 2021, and since then, they have been skyrocketing in popularity.

World of Women NFTs are generated randomly using a sequence of 11 traits, making each piece unique. Each NFT has a different level of rarity, which allows for further randomisation and, as a result, influences the resale price.

World of Women started as a collectable NFT project of 10,000 generative PFPs made available on OpenSea. They comprised 200 visual assets drawn by hand by WoW artist and co-founder Yam Karkai. The project aims to foster a diverse and positive community for all and encourage women to explore the opportunities on Web3.

The blue-chip NFT project is rapidly growing. Karkai and the WoW team expanded their community's universe in March 2022 by releasing World of Women Galaxy- a collection of 22,222 NFTs created using NFTs from the original collection. The WoW Galaxy collection also comprises 16 1/1 NFTs called Champions and Guardians that were hand-drawn by Karkai.

## What made World of Women so famous?

There are several reasons why World of Women NFT became so popular. One is that, in an NFT space dominated by men, many women were looking for a project that would speak to them. WoW is the NFT ecosystem's leading women-led project. It has arguably done a better job of onboarding women into a Web3 environment heavily biased along gender lines before the project's existence. The community had awaited a project like this to emerge to give women a prominent voice in the crypto world.

The second reason is that many high-profile celebrities jumped on board with the project and began using PFPs on their social media accounts. The project has received support from Eva Longoria, Shonda Rhimes, Napheesa Collier, Reese Witherspoon, and others. Gary Vee, a well-known collector, has acquired 15 NFTs from both collections. These events undoubtedly assisted in raising awareness of the community, firmly securing its current level of fame.

Witherspoon was so fascinated by the project that, in February, she announced that her production company, Hello Sunshine, would collaborate with WoW to expand their universe into various intellectual property types, including feature films and TV series.

## WoW NFT utility

Apart from the eye-catching art, original WoW NFT holders receive various in-community benefits. To begin with, collectors own their image and all rights to it, which means they can use it as they wish, including for commercial purposes.

Holders also gain access to exclusive Worlds of Women Artdrops, a monthly collaboration between WoW and established artists in the community. These WoW-collaboration NFTs were released in "seasons" and came from seven "worlds" with varying themes: Night Realm, Golden Star, Rainbow Orb, and more. 

Another benefit is that possessing a genuine 800x800 WoW NFT grants collectors exclusive access to the 4000x4000 pixel file of the same artwork. This allows users to produce high-resolution prints, derivatives, or anything else they desire. Additionally, WoW NFT owners had the chance to win one of 100 framed prints that Karkai had personally signed. 

Owners of WoW NFTs with rare attributes can also join various clubs. The first is the Curator's Club, in which members choose an artist from whom the WoW Fund will purchase artwork monthly. Members of the Royalties Club, of which only 19 NFTs are eligible, have access to a fund whose proceeds are divided equally among club members.

These are derived from 50% of all secondary sales from the original WoW collection. Finally, the Investor's Club distributes 50% of profits generated by the World of Women Fund to members every month. The primary goal of the Wow Fund is to highlight local artists.

WoW Galaxy NFTs have utility and perks, such as owners being invited to a major gala event in the summer of 2022. Also, holders can access private channels in the project's Discord, allowlist opportunities, concert ticket discounts, and more. WoW Galaxy NFT holders, like with the original collection, own their artwork in every way. Collectors can also contribute to the DAWoW, the project's governing board.

The project team has also revealed surprise airdrops, exclusive access to merchandise for Galaxy owners, and a Sandbox metaverse version of WoW Galaxy NFT characters for NFT holders from both collections.

## WoW works for organisations

World of Women NFT has donated 2.5% of all primary sales. They've given more than $40,000 to She's the First, an organisation supporting local solutions to educate and empower girls in 26 countries.

They also gave a whopping $44,000 to Too Young to Wed, an organisation that deals with child marriage. Charity auctions are also held. GaryVee won one auction, and the proceeds ($44k) were donated to the Rockflower fund.

They also have an emergency fund of $500k to help humanitarian causes in various conflict zones worldwide. This fund has aided people in Ukraine, Yemen, Gaza, and many other places.

## What is the future of the World of Women?

The Sandbox connection indicates where the project will go next. The WoW website says they are "heavily investing in the metaverse." In March 2022, they revealed a new collaboration with the Sandbox to co-found the WoW Foundation.

The WoW Foundation will receive $25 million from the Sandbox over five years. The funds will be used to improve women's representation in decentralised spaces. The initiative is built on four pillars:

•	Giving back to charity organisations.

•	Boosting the ecosystem by supporting artists and funding projects.

•	Voicing to raise awareness of women-centric causes.

•	Educating newcomers.

In addition, 10% of all WoW Galaxy sales will be donated to the foundation.

The WoW Foundation will serve as an incubator, offering mentoring and free online lessons on Web3 topics via the Sandbox, with participants earning an "NFT diploma." Participants in the fund will also have the opportunity to develop business opportunities through the Sandbox's network of partners.

## Bottom line

The WoW universe has become a cultural powerhouse in the NFT ecosystem. It shows no signs of losing momentum. Yam Karkai and her team have crafted a project to be proud of in a uniform NFT ecosystem. With luck, it will continue to inspire women worldwide to build, create, and take advantage of Web3 opportunities.


World of Women NFT Ultimate Guide

[VeeFriends](https://veefriends.com/) has grown to be one of the largest NFTs in volume and community size since its launch in 2021. The founder, Gary Vaynerchuk, also known as GaryVee, became well-known by investing in start-ups experiencing rapid growth. In 2021, he was among the first people to show interest in the NFT market and the potential of Web3.

GaryVee's project, VeeFriends, was launched in 2021 to unite like-minded NFT collectors and celebrate each collection's unique human traits. It was one of the first promises of IRL utility for an NFT, as it doubles as a VeeCon ticket.

VeeFriends and Vaynerchuk have since grown to other NFT collections, but VeeFriends Series 1 remains the most popular and valuable.

## VeeFriends NFT: What is it?

GaryVee's VeeFriends was founded to build a community around Gary's business and creative passions through NFTs. Now, it is one of the most successful NFT membership use cases.

VeeFriends is the umbrella name for GaryVee's NFT collection, which debuted on Tuesday, 11 May, 2021. The VeeFriends brand includes Mini Drops, Book Games, and a large-scale "Series 2" collection, all of which stem from the initial drop of 10,255 VeeFriends tokens.

Within the first collection, or "Series 1," there is a special set of tokens known as G.O.O. (Gary Originally Owned). GaryVee reserved 1,242 tokens (more than 12% of the supply) for his collection, implying that only 9,013 NFTs were initially available.

Each token in the Series 1 is based on one of 268 characters created by Vaynerchuk as representations of human traits that he admires. Gary Vee's NFTs also provide their owners with a variety of benefits.

## VeeFriends Series 1

Series 1 consists of 10,255 NFTs divided into 268 characters. The collection is divided into three levels: Access (300 NFTs), Gift (555 NFTs), and Admission (9,400 NFTs). Of these, 1,242 NFTs belong to Gary and are labelled Gary Originally Owned (G.O.O.), making them more valuable than others.

All of the NFTs in this collection have human characteristics that Gary admires and believes can bring happiness. The Admission NFTs are classified into five rarities: Core, Rare, Spectacular, Very Rare, and Epic, with Epic being the rarest. 

Like most others, each Admission NFT in this collection has amusing animal names such as Karma Kiwi, Keen Kingfisher, Quick Quail, Zestful Zebra, Confident Cobra, Conviction Cockroach, and so on.

Courtside Cat, Keynote Koala, Poker Pirate, Shadow Me Scorpion, and other names are used for Access NFTs. These Access NFTs are utility NFTs that provide Gary with one-on-one access on various occasions.

This collection is available on [OpenSea](/news/article/nft-hackers-passports) for purchase or acquisition using ETH, WETH, DAI, and USDC. 

## Book Games NFT collection

The Book Games were released in August 2021. The Series 1 collection was minted on [Ethereum](/news/article/the-merge-ethereum-nft-impact) (layer 1), whereas the Book Games is a layer 2 NFT minted on Immutable X (an Ethereum layer 2 chain) to reduce gas fees. The game's scope was inspired by his book "Twelve and a Half," making it a valuable tool in the VeeFriends ecosystem.

He used the game to incentivise his community to buy copies of the book in order to receive NFTs because he linked his book to the ecosystem. This collection, according to Gary, contains 125,000 burnable game tokens, and the game can be played indefinitely.

An airdrop announcement stated that for every 12 books ordered by any user during a one-day promotional period, the buyer would receive one NFT. Gary used this strategy to sell one million copies of the book in less than 100 days.

The Book Games collection is divided into three categories: Attributes, Spectacular, and Token Frame. The Spectacular divisions are the same as in Series 1: Bubble Gum, Diamond, Gold, Hologram, and Lava.

Accountability, Ambition, Conviction, Curiosity, Empathy, Gratitude, Humility, Kind Candor, Kindness, Optimism, Patience, Self-awareness, Tenacity, and Special are the 14 attributes that the book's character may drive.

## Mini Drops 

According to Gary, VeeFriends Mini Drops is a sub-collection of VeeFriends that focuses on collaboration, scarcity, and cultural longevity. It is a limited-edition collection distributed to Series 1 collectors as an airdrop.

## VeeFriends Series 2

Series 2 is a massive collection of 55,555 NFTs derived from Series 1. Series 2 includes 236 characters from Series 1 and 16 new characters, totalling around 252 characters. Except for Gift Goat, each character in Series 2 has a total supply of 220 NFTs, with the exceptional Gift Goat having 555 1/1 NFTs.

Series 2 has 76 backgrounds, nine poses, and eight spectacular characters, compared to Series 1's five and one property (984 G.O.O.). Emerald is the first of these Spectacular characters to be revealed, followed by Bubble Gum, Hologram, Diamond, Lava, Gold, and another yet to be announced.

The opportunity to mint Series 2 at 0.335 ETH plus gas costs was given to community members who already owned Series 1 and Book Games. Holders of Book Games (also known as Friend list) received 32,000 NFTs, and the Series 1 holder received 10,255 NFTs. Each collection was given a specific number of NFTs.

On 18 April, 2022, 10,000 NFTs worth of unminted coins was added to the public supply. The 16 newly added characters, totaling 3,300 NFTs, were minted on 27 April, 2022, after the public minting on 25 April, 2022.

## Bottom line

VeeFriends has become one of the market's most influential and distinctive NFT collections. Gary Vee worked hard to establish his name in the [Web3](/news/article/web3-games) industry by meticulously attaching real-world utilities to his NFT collections.

In addition to the projects mentioned above, Gary hosted a special conference in Minneapolis from 19-22 May 2022. The speakers included well-known individuals like Steve Aoki, Danny Cole, Kevin Smith, and Beeple.

This also gave rise to VeeCon, a different NFT ticket that served as a pass for the event to which community members were already granted access. Except for the Book Games, which can be found on VeeFriends and TokenTrove, all of Gary's collections are accessible on OpenSea. The [NFT](/news/article/prime-ape-planet-nft) collection commands a high premium price, as it is associated with GaryVee.





VeeFriends NFT: A Comprehensive Guide

A free NFT giveaway rewards users who take part in the promotion. Free NFT is the new meta in 2022. Everyone wants to reward their community with exciting prizes, whether they are whales, influencers, or brand-new [NFT projects](/news/article/upcoming-solana-nft-projects).

## How to get a free NFT giveaway

The project determines it. Some giveaways are only available to NFT holders, whereas others are intended to attract new community members. In either case, they both seek the same thing: exposure.
There are two types of giveaways you can join:

1.	Retweet and like contests

The rules for these contests are simple and clear. Typically, the project team will ask participants to like and retweet a specific post. Tagging others in the comments section or following other accounts is also sometimes required.

Some organisers reward multiple winners with NFTs, cryptocurrencies, or even cash.
Twitter influencers, projects, and even marketplaces regularly hold such contests. You can find them on Twitter by searching "NFT giveaway”.

2.	Fan art contests

Nowadays, many digital asset initiatives and influencers hold fan art contests. Participants must create original works of art to win NFTs and other exciting prizes. The artwork submissions must frequently draw inspiration from the organisers' projects.

For example, [Deadfellaz's](https://www.deadfellaz.io/) famous "Draw the Undead" derivative art contest required participants to create artwork based on their NFTs. Nonetheless, the team allowed non-holders to participate by drawing inspiration from two of the collectables.

Of course, these competitions require time and effort. They are, however, an excellent way for an artist to gain exposure.

## Who is handing out free NFTs?

Giveaways can be found everywhere these days, from Discord to Twitter and even Reddit. But who is organising these competitions, and where can you find them?

Two types of creators organise them. They are: 

1.	NFT projects giveaways

Giveaways are an effective strategy for growing one's audience, and projects are aware of this. Most new projects run giveaways on Twitter or Discord to gain more followers. Some giveaway their first-ever NFT collectables, while others distribute money, cryptocurrencies, or other resources.

2.	NFT influencer giveaways

Most NFT influencers are as concerned with their community as their projects. Indeed, their free NFTs could be surprisingly inventive!

GaryVee, for example, offered a free [VeeFriends](https://veefriends.com/) for every 12 copies of his book sold during the first 24 hours. This clever campaign made his book "Twelve and a Half" a best-seller, while buyers received free collectables.

However, you should double-check the influencer's account before participating in a giveaway.

## Free NFT drops - Legitimate?

"It depends" is the brief response. The digital market is still new to many people compared to other markets, and scammers are aware of this. Unfortunately, thousands of [digital wallets](/news/article/crypto-wallet-multiple-currencies) or accounts have been compromised by hackers.

One of their tricks, for example, is to host free NFT giveaways that requires you to connect your wallet to a specific platform. This should raise a red flag because legitimate influencers or projects do not request personal information or a digital wallet connection in exchange for a giveaway.

Second, keep an eye out for the giveaway prize. If, as the old cliche goes, something seems too good to be true, then guess what? It probably is. Naturally, some initiatives and influencers can be kind, but few would provide large cash prizes.

## Bottom line

Popular NFT giveaways are a fantastic way to grow a community while rewarding current members. You can enter free social media Twitter contests that require liking and retweeting posts or compete in art competitions to show your talent.

NFT projects and influencers frequently host giveaways, but double-check their accounts before participating! 


Is a Free NFT Giveaway Legit?

GameStop NFT Marketplace is simply described as a non-custodial marketplace built on the Ethereum blockchain, using Loopring, a layer 2 scaling solution, to process transactions. It is a product of GameStop, the world's largest video game retailer.

## History

The GameStop NFT marketplace launched on 11 July, 2022, allowing users to connect their digital wallets, including the GameStop Wallet, to buy, sell, and trade [NFTs](/news/category/nft-news) minted on the platform.

Its wallet was launched in May, even before it went live. It is non-custodial and works as a browser extension for Google Chrome and Brave. Other non-custodial wallets compatible with it include MetaMask and WalletConnect.

Its launch was a great success, resulting in more than 5,000 ETH (almost $7.2 million at the time) in trading volume within the first week. This was more than double the Coinbase all-time trading volume.

The video game retailer built its NFT platform on [Loopring](/news/article/loopring-price-prediction) because of its cheaper transaction fees and scalability. The protocol uses zero-knowledge roll-ups to offer services with cheaper transaction fees and boost scalability.

## Services

Still new in the market, only approved creators can mint non-fungible tokens on it. However, its team is working on adding more functionalities, including categories such as Web3.0 gaming and other Ethereum-based applications.

There are also plans to enable it to support non-fungible tokens from other platforms that live on blockchains it supports.

## How to Use It

### Step 1: Create or connect a wallet

New users have to create or connect a compatible wallet to start using the platform.

### Step 2: Funding

After creating the wallet, it will have to be funded with some [ETH](/coins/eth) to perform any transaction. There are two ways to fund it.

Firstly, users can buy ETH directly from any of the payment providers permitted by the platform. ETH will then be deposited into the user's wallet, allowing them to buy NFTs.

Another way is to transfer ETH from their connected wallet on Ethereum layer 1 to the layer 2 network (Loopring). Because Ethereum layer 1 is involved in the transaction process, users who use this method will incur gas fees.

### Step 3: Buy NFTs

Finally, users can buy their desired NFTs. There is an option to search through the available collections before settling on the one to buy. A "buy now" button will take the user to the checkout window to confirm the transaction.

The platform charges a service fee of 2.25% for every transaction. It also takes a creator royalty fee (in the range of 0-10%, as set by NFT creators). Creators get a royalty fee whenever their NFT is traded on the platform.

## Conclusion

[GameStop](https://nft.gamestop.com/) may still be a new player in the market, but it has already proven it is worth watching. Good things are expected from the platform as it continues to grow and offer more market-competitive services.


GameStop NFT Marketplace

[Liverpool Football Club](https://www.liverpoolfc.com/) made history with the launch of its groundbreaking first official NFT collection, the LFC Heroes Club.

The team developed two types of digital collectibles to ensure that NFTs are available to all its supporters. One is a set of 24 one-of-a-kind "Legendary" NFTs. The other is a collection of generative "Hero Edition" NFTs that combine multiple player illustrations to create an exceptional digital collectable for each supporter.

The LFC Heroes Club Collection shows the Liverpool team in cartoon avatars. Holders of tokens have access to a variety of recurring benefits.

This was a huge step forward for Liverpool and the [blockchain](/news/category/blockchain-news) industry, and it's exciting to wait and watch how the NFT industry matures and grows with time.

## What is the Liverpool Football Club NFT?

Liverpool thinks technology can close the gap with its global fan base. Hence, in April 2022, Liverpool FC unveiled its first official NFT line. It claimed that the 'LFC Heroes Club' will allow supporters to become a part of an 'innovative fan community'. This included access to a community forum, one-of-a-kind experiences, virtual hangouts, tournaments, and retail discounts.

LFC Heroes is the club's charity's second-highest earner. The dynamic manager Jürgen Klopp and the team are portrayed as superheroes in the NFT collection.

The "Legendary" NFTs, made up of 24 heroes, were made available during the sale window through a live auction.

## What benefits would you have if you purchased the Liverpool FC NFT?

You can now become a part of the LFC [fan community](/news/article/music-nfts-fans-community) by purchasing an NFT. The Liverpool Football Club NFT collections have various benefits, including virtual hangouts, competitions, guest appearances, shop discounts, and a Discord chat where collectors can communicate with other members.

Half of LFC's revenues from the 'Legendary' auction go to LFC Foundation, which funds life-changing philanthropic and community programs. An extra 10% of LFC's limited edition 'Hero' sale and 10% of any future resale royalties also go to LFC Foundation.

The benefits of owning an [NFT](/news/article/apple-crypto-and-nft-rules) include access to exclusive content and merchandise and the opportunity to join the LFC Heroes Club fan community.

## Why did the Liverpool FC NFTs see substantial price drops?

The "Legendary" and "Hero Edition" digital collectables were made available for the first time during a three-day sale which ended on Friday, 1 April, 2022, at 2 pm BST. But the club's NFT launch, which appeared ambitious at first, rapidly devolved into a catastrophe, resulting in some supporters losing money, igniting intense resentment. Since just 9,000 of the 171,072 NFTs produced by Liverpool were sold in their first week of availability, the project was an abject failure.

These NFTs were the subject of a significant marketing push, with Liverpool promoting them as a fun and inventive way to celebrate being a Reds supporter. However, if you analyze their campaign, you would find that the advertising was missing one crucial component - a description of what purpose they serve.

Liverpool hasn't necessarily closed the door on a return to the NFT space.

Billy Hogan, the CEO of Liverpool, hinted during the summer that the club hadn't ruled out a return to the NFT market.

Also, Drew Crisp, senior vice president of digital marketing, media, and technology at Liverpool, acknowledged that the launch had been a bit of a learning curve.



Does Liverpool Football Club NFT Hold Value?

As an official partner of Haas F1, they will collaborate with the team and external [contributors](https://www.haasf1team.com/news/haas-f1-team-partners-opensea-future-nft-collaborations) to create a range of branded NFTs. The F1 Team and OpenSea will work together to create an outstanding utility that will bring fans closer to the team and fascinating collections to the NFT community. 

They seek to present new and differentiated collections to the NFT community, with a shared vision of increasing participation and creating unique, best-in-class Web3 experiences.

## Where will the OpenSea logo appear on Haas F1 car? 

In support of the collaboration, the [emblem](/news/article/nft-hackers-passports) will feature on the F1 Team's VF-22 entry for increased exposure. 

"We've been looking for the perfect partner in the NFT area, and we've found it in Guenther Steiner, Team Principal of the respective F1 Team".  

Haas added that they know they will be in excellent hands with the leading peer-to-peer marketplace guiding them on their collections and fan interaction opportunities since OpenSea is an industry leader with innovation at the heart of all they do.  

According to Shiva Rajaraman, [NFTs](https://www.thepaddockmagazine.com/opensea-and-haas-f1-team-sign-a-partnership-agreement/) can unlock new experiences and provide a canvas to bring people together in new ways around the things they love. We're excited to work with the F1 team to create unique collections, new experiences for their devoted fan base, and new opportunities for everyone to come even closer to the action.

## What is OpenSea? 

OpenSea is the world's leading peer-to-peer marketplace for NFTs. They are on a mission to help the world's creators, collectors, and collaborators own and shape their relationships directly. We're building the world's most trusted and inclusive NFT marketplace with the best selection.

The leadership team is based in New York and includes Google, Palantir, Lyft, Uber, Stanford, and Berkeley members. a16z, Paradigm, Coatue, YCombinator, Founders Fund, Coinbase Ventures, 1Confirmation, and Blockchain Capital are among the investors.


Haas F1 racing team's collaboration with OpenSea

In August 2022, [Opulous](https://opulous.org/), a blockchain-based music platform, launched its Royalty Vault project. The project enables anyone and everyone to invest in music copyrights.

According to the platform’s founder and CEO, Lee Persons, for the longest time, music copyright investment has only been available to large entities like banks, family funds, and major labels. Through the Royalty Vault project, it seeks to change that.

The project, part of the Opulous roadmap, relies on a set of new tokens called OVAULT, which can be bought and staked to earn rewards. The platform has a native utility token called OPUL.

How the project works is that it identifies and acquires lucrative catalogs. It adds them to the Royalty Vault, where they are minted into OVAULT tokens. Investors then buy the OVAULT tokens with OPUL tokens and stake them to receive daily rewards.

The rewards not only incentivize investors to buy OVAULT tokens, but hold on to them. The longer investors hold on to the tokens, the more they can use them to earn stable rewards.

In an interview with Music Business Worldwide (MBW), Lee stated that Opulous has spent more than a billion acquiring several catalogs by iconic evergreen artists. He didn’t name the artists. However, he said they have garnered up to eight Grammy nominations between them.

The project has also received a grant from the [Algorand](/news/article/algo-price-five-years) Foundation to secure more lucrative catalogs. The project is led by ex-Kobalt executive Jay Moore, currently the Chief Investment Office (CIO) at Opulous.

## About Opulous

Opulous is an MFT (Music Fungible Token) platform built on Algorand, an open-source proof of stake blockchain. It features several services, including an MFT Launchpad, Exchange, and Music Loans.

The Opulous Launchpad allows users to buy MFTs to support their favorite artists and earn a share of royalty revenue. Users can purchase and trade MFTs on Launchpad, while Music Loans lets artists access low-risk loans backed by real-world music assets.

It also features a staking pool where OPUL holders stake their tokens and receive APY as a reward. The longer they stake OPUL, the higher the APY they receive.

Every OPUL staked also earns the owner a raffle ticket that can be used to apply for exclusive rewards like early access to MFT drops, artwork NFTs, airdrops, and swag packs.

Its native utility token, OPUL has several use cases. It can be used to buy MFTs, OVAULT tokens, and to buy into MFT drops. Artists can use it to purchase campaigns. It can also be staked to earn more OPUL tokens, apply for exclusive rewards, and get early access to MFT drops.

The coins have a max supply cap of 500,000,000 OPUL coins. There are currently 43,914,363 of them in public circulation. According to [Coinmarketcap](https://coinmarketcap.com/currencies/opulous/), each of the coins, as of writing, is worth $0.06613. They are ranked the 1088th largest cryptocurrencies by market cap.

Notable artists already benefiting from the platform include Lil Pump, Ard Adz, and Kyle. Tyga and Blaq Jerzee MFT sales are also on the way.

## Final word

Opulous's [roadmap](https://opulous.medium.com/opulous-announces-roadmap-update-for-2022-23-b1d84ce7869d) reveals a promising future for its users. Besides the Royalty Vault, there are plans to launch an ambassador program that will reward key community members.

A self-service MFT sales feature is also on the way, allowing artists to create and sell MFTs independently. Music Advances is another feature that will enable artists to use their future copyright earnings as collateral for loans. There is a lot to expect from the platform.
 


Opulous Launches Royalty Vault

The newly announced Coinbase NFT platform already has more than 1.35 million people on the waiting list.

Coinbase Global Inc., a popular and heavily used ‘gateway’ for new investors making their first purchases of cryptocurrency like bitcoin and Ether, recently announced a soon-to-be-launched platform dedicated exclusively to trading of Non-Fungible Tokens (NFTs). It will be known as Coinbase NFT.

Since being founded in June 2012, Coinbase has experienced explosive growth in terms of the company’s popularity with cryptocurrency newcomers. The popularity of the exchange can be attributed primarily to how well the company’s trading platform accommodates newbies making their initial cryptocurrency purchases.

## Coinbase Announce NFTs

Now, with Coinbase NFT it hopes to become the next “first stop” for investors who have developed an appetite for the raging NFT market. And why not? The NFT market went stratospheric in the third quarter, recording a mind-boggling sales volume of more than $10 billion. 

Historically, much of the NFT trading activity has taken place on exchanges like Nifty Gateway, [Rarible](https://rarible.com/), and OpenSea. The latter of the three, OpenSea, has thus far handled the lion’s share of the market’s NFT trading volume. In fact, the site saw more than $3 billion in transaction volume in the last 30 days alone. Should Coinbase NFT be as successful as the company was with their original cryptocurrency platform, the company stands to gain considerably from a very lucrative NFT exchange market.

## What are NFTs?

While it’s hard _not_ to be aware of the recent NFT mania, there are those of us still struggling to gain a clear understanding of what these little rascals truly are. For my part, NFTs are certainly a niche market, _very_ niche. And their explanation is comically simple: NFTs are _digital versions_ of collectible items, like digital art. That’s it. Ultimately, NFTs give investors the ability to lay claim to digital content that they can store in personal digital wallets like they can with other cryptocurrencies. The types of NFTs are widely varied, but the NFTs that have been especially newsworthy lately are digital artwork NFTs.

According to Coinbase, their new NFT platform will be a digital marketplace “where you can mint, collect, discover, and showcase your NFTs, all in one place.”  If the new Coinbase NFT platform is successful at demonstrating that the process of buying NFTs can be just as simple as it is to buy cryptocurrencies, then Coinbase popularity will only further accelerate once their NFT site is online. 

## A New Way of Art Collection

The fun and pride-of-ownership that are so inherent in certain collectibles, like baseball cards, has always been something we enjoyed not only as kids, but as adults as well. Once an easy-to-use platform like Coinbase NFT is available, it will likely generate an entirely new segment of art collectors in our society, and that’s a good thing for the artists behind the NFTs. Simply connect your coinbase wallet and you can, in theory, claim the latest nft drop and start your coinbase NFT collection. 

1.3 Million in Line for New Coinbase NFT Platform

Instagram is set to launch nonfungible token-related tools that allow NFT minting and trading. 

Instagram parent company Meta [announced](https://www.facebook.com/creators/2022-launching-new-creator-tools) at its Creator Week 2022 event on November 2 that the platform would allow its creators to create "digital collectables" and sell them "both on and off Instagram."

## Instagram to launch NFT minting and trading toolkit

Meta claims that creators will have an "end-to-end toolkit" for creating, displaying, and selling NFTs on the platform and that the Polygon blockchain has been chosen as an initial partner for this functionality.

According to the company statement, Meta will first roll out the new NFT features to a chosen group of artists and content creators before making them available to a wider audience. Those selected for early access to the new Instagram NFT features are photographer DrifterShoots, visual artist Ilse Valfré, and artist Amber Vittoria.

In addition to [Ethereum](/news/article/the-merge-ethereum-nft-impact), Flow (FLOW), and [Polygon](/news/article/polygon-nft-drops-2022), Meta has revealed its support for the Solana blockchain and its widely known wallet, Phantom.

Support for video NFTs will be added, allowing retrieval of NFT metadata from OpenSea to display collection names and descriptions on Instagram.

Stephane Kasriel, Meta's head of commerce and financial technology, stated that Meta will not charge fees to create or trade digital assets until 2024 and that blockchain gas fees for purchasers will be covered by Meta "at launch." However, he did not specify how long the launch timeline would be.

Kasriel also stated that digital asset trading would still be subject to app store charges referring to [Apple's 30% commission on NFT sales](/news/article/apple-crypto-and-nft-rules), which has been heavily criticised for being higher than the average 2.5% commission imposed by marketplaces such as OpenSea.

Buyers will not be able to buy Instagram NFTs using [crypto](/news/article/crypto-wallet-multiple-currencies) through the app because both Google and Apple only allow in-app purchases using fiat currencies. Both prohibit buttons, external links, or other actions that enable users to avoid commissions.

Meta has not disclosed how much of a commission it intends to take from NFT sales, nor has it revealed the details of its creator royalty's system. It is also unclear whether it will follow recent [NFT marketplace](/news/article/magic-eden-expands) pushes to move to opt-in royalty models.




Instagram plans to launch NFT minting and trading

The latest Shopify news involves the [e-commerce platform's partnership with Novel](https://www.novel.com/post/novel-has-landed-in-the-shopify-app-store), a no-code Web3 commerce platform, to make Web3 technologies more accessible and approachable to all merchants.

[The Novel](https://www.novel.com/) is a commerce platform powered by [Web3](/news/article/uquid-web3-integrates-with-polygon) technology. According to the partnership, the company will release an app that will provide merchants with the necessary features to immerse them in the Web3 experience.

In Shopfy news, commerce platform Novel launched an app in the Shopify App Store as part of the partnership. It gives existing vendors the tools they need to try out Web3 technologies in e-commerce without having to learn new skills or spend a lot of time and money.

The Novel Shopify app's primary functions are minting and distribution, and utility.

The minting and distribution feature allows users to create artwork for a new collection of NFTs or upload artwork from an existing series. The app then utilises [smart contracts](/news/article/smart-contracts-blockchain) over the collection and sells them to users via the Shopify storefront. When a customer purchases an NFT, the app will automate the currency bridge and create a cryptocurrency wallet for that customer.

On the utility front, Novel enables token-based utility on merchants' Shopify storefronts, including brands and creators. This covers ERC-20 gating, cross-chain gating on [Solana](/news/article/solana-price-gbp), Ethereum, and [Polygon](/news/article/polygon-nft-drops-2022), token-gated discounts, URLs, and products.

Sharing the details, Novel's CEO and co-founder said that by collaborating with the e-commerce giant, they could leverage the leading platform and provide merchants with the tools they require to enter the advanced ecosystem.

The Shopify Novel app is an all-in-one tool that allows retailers to add use cases to their NFT collections via token-gating.

## Web3 ecosystem - The new goldmine

Novel CEO Roger Beaman, commenting on the Shopify news, said the partnerhsip will allow them to infuse Web3 capabilities into the already-built ecosystem. In this way, they meet the fundamental needs of merchants interested in joining the ecosystem.

One of the new app's tools is the token gating feature, which allows merchants to add use cases to their platform collections. This feature will let merchants take advantage of many of the platform's benefits. They include gateways for chains such as Ethereum, Solana, and others.

Over the last few years, businesses have started moving into the Web3 ecosystem. This is because most traders are embracing new technologies, and companies are looking for ways to help them make money.


Shopify News: Partnership with Novel

The Adidas NFT collection earned more than $23 million with its first drop of the shoe company's 'one of a kind' Into the Metaverse non-fungible token.

Adidas reported raising $5,924 in Ethereum (ETH) via the sale of the [Adidas NFTs](https://twitter.com/adidas) at 0.2 ETH each, for a total of 30,000 digital assets, just minutes after the drop.

Non-fungible tokens have rapidly evolved from a niche use case in blockchain to a game-changing idea that major corporations are rushing to adopt. In November, the Adidas Twitter profile announced a deal with cryptocurrency exchange [Coinbase](https://www.coinbase.com/) and made a sizable land purchase on [The Sandbox](/news/article/sandbox-games).

Rather than a one-time deal, Bloomberg reports that the Sportswear firm has applied for seven trademarks. This makes sense, as NFTs are a crucial part of the Adidas Metaverse.

## The beginning of Adidas NFT minting

The company's Into the Metaverse series of NFTs began with the announcement of a cooperation with gMoney, [Bored Ape Yacht Club](/news/article/bored-ape-nft), and PUNKS comic before sales even started.

Adidas describes the Metaverse as a space where anyone can express their ideas and be their authentic self, in 'whatever for that may take'. It adds the platform invites 'original thinkers and doers' to join the company for a 'new age of originality'.

Anyone owning one of these NFTs has access to The Sandbox plot, where they can experiment with the merging of real-world and digital goods and locations.

Despite the fact that the auction has concluded, the team has taken to social media to reassure early adopters that the opportunity to acquire tokens is still very much open to them. Also, the Opensea marketplace is still a viable option for people interested in purchasing one.

It's currently perceived by many as the best public exchange allowing for the buying and selling of the Adidas series.


Adidas NFT Brings in $23m with first drop

The rise of various blockchain companies has brought a lot of advancement and progress in how we see and work with blockchain technology. However, due to the loss of several investments to shady companies and projects, there has also been a level of caution. [Cryptoland](https://cryptoland.is/) is one of the mega projects that has brought uncertainty and doubt to crypto lovers and investors.

## What is Cryptoland

The Cryptoland project comes off quite differently from other blockchain and [Metaverse](/news/article/web3-games) projects. The founders aim to create a physical community to fill the experience that online communities cannot offer. It is said to be a real-life island NFT project. The company is [reportedly](https://thenextweb.com/news/welcome-to-cryptoland-real-island-cryptocurrency-fans-analysis) founded and led by Max Olivier and Helena Lopez with this mission to unite crypto enthusiasts.

According to their website, it aims to build a powerful ecosystem of crypto enthusiasts for crypto enthusiasts. They claim the island will have co-working zones, incubators, hotels, restaurants, et cetera. According to the founders, it will encompass all facilities for the community to thrive.

## Is Cryptoland real?

Cryptoland majorly offers land for investment, which has drawn the attention of investors around the globe.

There is speculation about whether this is real or just another elaborate scam.

"We are building the number one crypto destination on earth," their website says as they make their ambitions known.

This audacity may not have put some fears away, as some people question the safety of the investment for various reasons.

It was originally planned to be an island in Fiji, but information about the purchase or ownership is yet to be publicly available. This also means that there is no information on whether the project has started or not.

The uncertainties around the project have caused several criticisms among well-known personalities.

Molly White, a well-known crypto sceptic, did research that included a [report](https://twitter.com/molly0xFFF/status/1478500436873293828) of her findings on Twitter and an [online conversation](https://www.youtube.com/watch?v=aAYSUpCmVd8) with the founders.

## Is investing in Cryptoland worth it?

Cryptoland says most people struggle to transition into a full-time crypto lifestyle because they are isolated, and their innovation will solve this problem.

The arguments have been on whether there is really a problem to solve, the profitability of the venture, and the sustainability of the same.

Many have bought into this project and do believe in it. The major investment that is being made is the purchase of land in this community.

The Blockchain Hills area, a part of the project, is [reportedly](https://twitter.com/molly0xFFF/status/1478515610585817091) worth about $1.3 million; however, little detail is given on whether it has been purchased and how it will be managed. The Blockchain Hill is to be sold as "King Cryptolander NFTs".

Amid this, Cryptoland continues to gain popularity and has not shut its doors to the public on its company mission of uniting crypto enthusiasts.



Exploring the Cryptoland

Tech powerhouse Apple has published crypto and non-fungible token-specific rules in its App Store policies.
The new rules specify what uses of NFTs are permitted and prohibited. It also discusses when a cryptocurrency exchange app can be listed. 

It allows apps to make use of in-app purchases to "sell and sell services" associated with NFTs, such as "listing, minting, and transferring."

Additionally, it restricts NFTs obtained elsewhere to viewing only.

Furthermore, new Apple crypto guidelines prohibit apps from including "external links, buttons, or other calls to action", which may allow users to avoid app-store transaction fees when buying NFTs. It will also forbid apps from using "QR codes, cryptocurrencies, and cryptocurrency wallets" to unlock any content or functionality.

The guidelines also do not allow the use of cryptocurrency for in-app purchases, instead allowing only fiat purchases such as debit or credit cards with a "valid payment method".

The tech company seems to be stepping up its NFT "Apple tax", which comprises in-app NFT purchases in its standard 30% fee on all purchases, by mandating that all [NFT](/news/category/nft-news) transactions take place within apps.

## Apple NFT taxation

Apple has been working on a framework for NFT sales for quite some time. Regarding token taxation, Apple has integrated in-app purchases to apply a standard 30% commission rate on all purchases. 

The tech firm has been criticised for charging a 30% commission on NFT sales made via apps from popular NFT marketplaces such as OpenSea or Magic Eden. Many people have described this taxation as "grotesquely overpriced". The average commission on NFT purchases is around 2.5%.

Because of the high taxes, Magic Eden has reduced their functionality and removed its services from the App Store. 

Users can only browse and view their NFTs with the [Magic Eden](/news/article/magic-eden-expands) Apple app.

## Bottom line

The new Apple crypto guidelines do not alter the company's existing policy on cryptocurrency trading apps provided by exchanges such as [Binance](/news/article/guide-to-binance-uk) and [Coinbase](/news/article/coinbase-singapore-approval), where crypto trading is exempt from the 30% "Apple [tax](/news/article/uk-crypto-tax-regulations)".

New language, however, was added to clarify that crypto trading apps can only be provided in "countries or regions where the application has appropriate licencing and authorisations to provide a cryptocurrency exchange".



Apple Crypto and NFT Rules Published

[Axie marketplace](https://app.axieinfinity.com/marketplace/) is the authorised marketplace for the popular NFT game Axie Infinity. This marketplace is your convenient go-to option to find in-game items, including Axies, digital lands, and bundles of things players could use in this NFT game.

[Axie Infinity](/news/article/axie-infinity-price-prediction) is a blockchain-based play-to-earn game where players buy NFTs of digital creatures called Axies and use them to engage in combat with one another. The gamers can use these creatures in battle, exploration of the game world, and breeding to produce young Axies. The Ethereum blockchain has a unique genetic profile for each Axie. Six of the many possible bodily parts are available to each of these creatures, where every body part has a combat manoeuvre. Thus there are countless possible combinations to make one-of-a-kind miniature combatants.

## How would one purchase in-game items on the Axie marketplace?

You will need three Axies to begin playing this game, which you may purchase from other players through the official exchange.

Utilise Ronin Bridge to transfer funds from an Ethereum wallet to a Ronin wallet. Most participants typically make deposits or withdrawals via a centralised exchange using their MetaMask wallet. The second method involves using the Ramp Network to purchase ETH on Ronin with fiat currency. Unfortunately, Ramp Network is still in its development stage and is not available in all countries.

## What is the fee structure for buyers and sellers on the Axie Infinity marketplace?

The buyers can purchase [NFTs](/news/category/nft-news) without any fee, which attracts many curious and eager gamers to this play to earn the crypto game. However, the Ethereum gas fees need to be covered for depositing Ethereum to your Ronin Wallet, which is required to use this platform.

Sellers do have to pay a 5.25% selling fee. If there is a creator code, 1% of the charge goes to the NFT's creator and 4.25% goes to the Community Treasury. The Community Treasury gets the entire 5.25% if there is no creator code.

## Is it secure to use the Axie marketplace?

Hackers have previously tried to attack this marketplace, and some players witnessed their accounts getting compromised. 

Hackers used phony job interviews to steal $620 million from [Axie Infinity](/news/article/axie-infinity-price) this past spring in 2022. Also, in November 2021, the platform experienced one significant security lapse when its Discord channel was compromised. The hacker distributed a false bulletin with a link to an Ethereum theft website. In retaliation, Axie Infinity paid back everyone who had lost money due to the announcement and improved the security of their Discord channel.

Your Ronin Wallet is where your NFTs are kept, so as long as no one else gains access to it or learns your seed phrase, they will be secure.


Axie Marketplace: The In-Game Purchase Platform

In the first week of GameStop’s recently launched NFT marketplace, NiFTy Arcade was the most popular collection. However, a piracy issue occurred.

NiFTy Arcade’s minter was suspended for selling unoriginal and unlicensed NFTs of indie games on the GameStop NFTs marketplace.

The original NFT creator of the controversial game claimed he didn’t give anyone permission to sell his work.

[Ars Technica](https://arstechnica.com/gaming/2022/08/indie-devs-outraged-by-unlicensed-game-sales-on-gamestops-nft-market/) first reported that NiFTy Arcade's "interactive NFTs" were being minted and sold without permission, and there was no “financial arrangement for the creators to share crypto profits."

Upon looking into the matter, [Gamestop NFT](https://nft.gamestop.com/) stated that the pirate behind  NiFTy Arcade had been suspended.

However, the pirate is still holding on to the cryptocurrencies made illegally before being suspended on the GameStop NFT platform, Ars reported.

The creator of NiFTy Arcade (the game comprising pirated NFTs) identified as Nathan Ello. They clearly stated his aim to be a creator of games that [NFT marketplace](/news/article/nft-art-marketplaces) users can benefit from. "The games I am creating are not meant to benefit a certain group of people either by purchasing at no fee from their wallet or GameStop profile without the need of using my profile," they said.

Two games - Galactic wars and Worm Nom Nom - had questionable sources. But, according to Ello, Galatic Wars had an "unlicensed" tag, which proved false.

Ars discovered that Worm Nom's license prohibited commercial use on further investigation.

Ello subsequently confirmed that he "did not seek permission from the original creators before selling them."

Ello confirmed that his account on the GameStop NFT storefront has been suspended "until [the IP issue] is resolved."  Gamestop is yet to respond to comments on the piracy issue.

## NFTs “a solution to piracy issues?”

One of the problems NFT is meant to solve is piracy. Non-fungible tokens are intended to have a sole proprietorship with accurately traceable origins.

However, this recent event reinforced that piracy and plagiarism are prevalent in the current NFT ecosystem. Unfortunately, the laws governing intellectual property and copyright remain unclear to buyers.

If a piracy issue like Ello’s could still occur in 2022, it makes one wonder if NFTs are the solution.

While piracy can be traced and promptly stopped, it's left to see if NFTs can take further steps - such that the issue doesn't occur in the first place. A case like this shows that more work is to be done, especially for platforms like GameStop.

## How can GameStop NFT prevent further issues?

Being a new NFT marketplace, it’s pertinent that GameStop invests heavily in due diligence. Measures should be put in place to check and confirm that NFTs minted on the marketplace are owned by the user uploading them.

Such holistic investment in due diligence will deepen creators’ and consumers’ trust in the platform.

GameStop must also do more to verify consumers or NFT collectors using the marketplace. For instance, a blue tick could help indicate verified projects. Doing this will go a long way to protect consumers from patronizing questionable creators on the platform.


GameStop NFT "Creator" Suspended

Rarible NFT marketplace, built on [Ethereum](/coins/eth), has introduced its new version, called [Rarible 2](https://rarible.com/). It will feature a Web3 aggregation and an updated reward program for RARI DAO governance.

## Web3 aggregator for NFT listings and prices

The aggregator will exhibit [NFTs](/news/article/non-fungible-tokens) from all the major marketplaces. The newer version can also show prices from different platforms along with its own. This will work for all the Ethereum-based digital art pieces. 

Notable marketplaces that will be part of this aggregator include [OpenSea](https://opensea.io/), [X2Y2](https://x2y2.io/), [Sudoswap](https://sudoswap.xyz/), and LooksRare. This will assist collectors in reviewing the prices on multiple platforms and making the purchasing decision. Moreover, it does not charge any additional fees for aggregated listings.

## Upgrades to Rarible NFT marketplace rewards

Besides the Web3 aggregation, the platform is also changing its rewarding program. The platform's RARI tokens will be used to give new DAO governance incentives to the holders. Now, the Rarible NFT platform will allow users to lock the tokens and earn rewards against them. 

It will give the governance rights of the [RARI Foundation](https://rari.foundation/) to the RARI holders and allow complete decentralisation. Along with that, it will help users to make good profits. Users can also get rewards from buying and listing.

## Competition among major marketplaces

It is not the first instance where a platform has introduced [Web3](/news/article/astar-network-and-sony-launch-partnership) aggregation features. OpenSea and Uniswap also launched a similar feature last year. Now, Rarible2 has also featured it to counter other platforms.

But the unique thing about Rarible2 is that it developed an NFT showcasing model based on the aggregator. In comparison, other marketplaces have some limitations as they use external aggregating tools. 

Its new version is looking to get an edge over other platforms in decentralisation. The dominating digital art markets like OpenSea and MagicEden are often accused of a centralised ecosystem. 

That’s why the RARI Foundation has improved its governance model by giving more authority to the token holders. The co-founder and chief strategy officer, [Alex Salnikov](https://rarible.com/co-founder), also mentioned that “[the users] have a say in Rarible’s future".

As users can participate in the DAO, they will be able to vote for crucial decisions within the ecosystem.



Rarible NFT marketplace upgrades to Rarible 2

A house containing a host of interior decorations based on a crypto theme and non-fungible tokens has hit the market for $1.2 million. 

## Background of the crypto house

The social media account Zillow Gone Wild, renowned for providing photographs of intriguing residences for sale, shared images of the home in North Hollywood, California, on many platforms, [including Instagram](https://www.instagram.com/p/CjqOlx_LkJD/?hl=en), where it received more than 25,000 likes. According to [Forbes](https://www.forbes.com/advisor/investing/cryptocurrency/nft-non-fungible-token/), [NFTs](/news/article/prime-ape-planet-nft) have been around since 2014, but their popularity has lately risen.

## What is inside?

The photographs of the property reveal a simple exterior, while the interior includes portraits from the [Bored Ape Yacht Club](/news/article/bored-ape-nft), Twitter wallpaper, and photos of the [Bitcoin](https://www.newsweek.com/topic/bitcoin) sign. 

Commenters on Instagram were quick to share their ideas in the comments section. "Live Laugh Love: Crypto Bro Edition," [commented one Instagram user](https://www.newsweek.com/topic/instagram). "It appears like it was made for a reality show," another person said.

## The idea behind the NFT house

The owner, Elle Levy, told Newsweek that she only put the property on the market approximately two weeks ago and that its primary job was to operate as an [Airbnb](https://www.newsweek.com/topic/airbnb).

Levy stated that she became interested in Bitcoin in 2017, which inspired interior design. It took six months to a year to refurbish the inside to match the motif. Although it is now on the market, Levy stated that it is still accessible for booking through Airbnb until the day it is sold.

"The whole point was to provide individuals a venue to film amazing material in Los Angeles," Levy explained. She also stated that she intends to create short-term rentals around the nation with various themes for people to enjoy and provide "amazing content for their social media."

While Levy said it served her well and was popular with tenants, she is placing it on the market owing to disputes with neighbours. However, she has stated that she intends to move to the house.


The Crypto House Valued at $1.2million

Projects such as Prime Ape Planet NFT, a fully-fledged non-fungible token project with a unique and desirable NFT collection, are an incredible example of blockchain evolution.

Due to its flexibility and high profits on investment, the blockchain industry has grown faster than any other industry. The introduction of non-fungible tokens and blockchain-based projects has been a critical factor in the blockchain's adaptation. Non-fungible tokens, or NFTs, have gradually evolved from digital assets to digital assets with various applications used across multiple blockchain verticals. 

## What are Prime Ape Planet NFTs?

Purchasing an NFT grants users the rights to digital art and places them in a digital community with other investors in the project. 
Kurtis Dawe, Travis Smith, and Chris Hogstead, three leading digital designers, collaborated on the project. All have over a decade of experience working on Hollywood visual effects and costumes, which explains the high level of artwork in Prime Ape NFTs.
 
More than $84 million, equal to over 25k Ethereum, has been traded since the project's inception, which sold out in 30 minutes. It has 420k members on its discord, where investors can chat, compete for whitelist spots, and receive updates from the developers.

## How many Prime Ape Planet NFTs are there?

Each of the 7,684 Apes has highly detailed individual characteristics. As a result, each one is unique, which is a pretty cool feature for holders. 

An Ape has a variety of different features. Accessories, clothing, earrings, emotion, eyes, glasses, hats, jackets, mouth props, necklaces, noses, skin, and teeth are among them. With each option typically having a sub-option with up to ten additional characteristics, it's easy to see how distinct each Prime Ape NFT can be.

Each characteristic has a different rarity, which determines the ape's overall rarity (and usually decides its value). A Samurai hat, for example, is one of only 26 in the entire collection, making it an extremely rare trait. This trait is so uncommon that the cheapest Samurai hat Ape is available for 3.5 ETH.

## Prime Ape Planet NFT Collections

There is presently only one official Prime Ape Planet collection, separated into sub-collections based on the abovementioned features. However, the designers have also built Kong Planet, another ape-based project. It focuses on gorillas rather than apes.

Another official collection will launch shortly. These sub-projects have significantly less value than the mother project, but because the price is so high, a sub-project might generate enormous hype if published. To be specific, the popular Bored Ape Yacht Club published the Mutant Ape Yacht Club project in 2021, which was a spin on the original painting.

## The Prime Ape Planet Ecosystem

The Prime Ape Planet's entire ecosystem focuses on making it a community-inclusive endeavour. The project's features and future roll-outs concentrate in that direction. The ecosystem's main attraction is the colourful assortment of NFTs and the artistic persons behind their creations. 

Prime Ape Planet, an exclusive NFT initiative, is divided into three categories:

•	The Prime Kongs.

•	The Prime Apes.

•	The Infected Apes.

Each of the NFTs mentioned attributes its success to a renowned artist noted for their contributions to the art world.

### Prime Kongs:

This is one of the universe's most valuable and unusual NFTs. Kurtis Dave, one of the key designers, hand-draws and designs the Prime Kong NFTs. He has past artistic experience working on big-budget animation productions such as The Lion King and Godzilla. The Prime Kong NFTs are powerful and tranquil in the entire planet's universe. The Prime Kong NFT sold out within two minutes of its introduction, with a projected trading volume of 4.9k ETH, equal to 10 million+ USD.

### Prime Apes:

The Prime Ape NFT is a familiar but one-of-a-kind masterpiece NFT in the ecosystem. Combined with adaptive regimes, it produces a broad selection of Prime Ape NFTs that community members can purchase based on their preferences.

### Infected Apes:

To make an infected ape NFT, combine Prime Ape NFTs with poisoned bananas. These NFTs feature a new design and dimension users use for staking and earning more significant returns. On its maiden offer, it sold out in almost 38 minutes, with a trading volume of 29.3K ETH and 84+ million USD.

## Propaganda for a community-involved project

Apart from success as an NFT project, the entire Prime Ape Planet is, as previously said, a community-exclusive initiative. The project's long-term goals include establishing an exclusive NFT-holder community. Community members can use their NFTs to access apps such as P2E gaming, vote on new projects, and much more in the coming days. 

Aside from these applications, the project ecosystem plans to integrate real-world apps with the project shortly, providing holders access to unique discounts, events at exotic locations, and more.

The project also intends to launch its goods line soon, using a print-on-demand technique. Members of the holders-only community platform will have access to these goods lines. The retail line will allow users to experience their NFTs in the real world while also letting them feel like part of a fantastic community.

## Prime Ape Planet NFT Analysis

Let us now examine the various aspects of the Prime Ape Planet NFT project that make it an attractive investment. For reference, there are typically three major considerations NFT investors should consider when investing in an NFT project. 

Community - If the project has amassed a sizeable following on Discord, Twitter, and other social media platforms, it has generated some buzz. This excitement attracts investors and drives up the project's price on the secondary market.

Roadmap – The roadmap is where the project's real-world utility is. A roadmap is a forward-thinking strategy highlighting the project's future plans. Potential investors can learn from the roadmap whether the project provides essential utility, which may push up the NFT project's bottom price in the future.

Artwork - When it comes to the NFT space, the painting is of the highest quality. Furthermore, the vast number of character qualities makes each NFT highly distinct and unique, adding to the visual value of the pieces.

The main reason for the high price combines the abovementioned factors. First and foremost, it has a strong community; second, the artwork is detailed; and third, the roadmap is quite interesting. When these factors come into any NFT project, they produce high-value NFTs. When these NFTs gain traction and sell at high market prices, investors enter the enterprise, and it tends to snowball from there. 

The most expensive Prime Ape Planet NFT featured as 'Buy Now' on OpenSea is 666666 ETH, approximately 1.3 billion USD. Even though this is the most expensive item on the list, it is unlikely that anyone will spend that much on it. One significant acquisition from OpenSea was Prime Ape Planet #4279, purchased for 69 ETH.

Users must have an Ethereum wallet to purchase a Prime Ape Planet NFT. To obtain this, they must first sign up for a wallet. Users should utilise a wallet to store various cryptos as it is highly safe, and users can use it on multiple devices.




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