Category: NFT

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NFT

Soccer Premier League Lines Up £۳۰ Million Deal with Sorare NFT Platform

Soccer Premier League

Soccer Premier League, the top tier of England’s professional soccer league, is readying to expand its exposure to non-fungible tokens (NFTs) through a potential partnership with NFT fantasy soccer game Sorare that could be worth some £30 million ($34.6 million) per year. 

Soccer Premier League 1

The cooperation is to be discussed today during a meeting of club executives and company representatives, UK broadcaster Sky News reported. Under the potential multi-year contract, the Premier League’s 20 clubs will allow their fans to purchase NFTs with the digital depictions of top athletes such as Manchester United’s Cristiano Ronaldo, Harry Kane of Tottenham Hotspur, and Manchester City’s Erling Haaland, among others. 

Soccer Premier League 2

Industry sources with knowledge of the ongoing talks said the discussed contract with Sorare would replace a deal with ConsenSys that was close to being signed earlier this year. ConsenSys had attempted to renegotiate a deal at a lower price following this year’s drop in NFT prices. However, a Premier League club executive said they had been informed the contract with Sorare contract would provide the 20 soccer clubs with better financial conditions.

Soccer Premier League 3

Sorare is an NFT-based fantasy football manager game which allows its users to play, acquire, buy, and sell player cards as part of an immersive worldwide gaming experience. It allows users to build and manage their dream teams and l sell their top players for money.

The latest development comes shortly after Sorare secured major funds from investors to finance its further development. In late January 2022, a funding round led by Japan’s Softbank injected some $680 million into the Paris-based company. 

In addition to the deal with the Premier League, other plans by Sorare include offsetting the company’s unavoidable carbon emissions by the end of this year, with the long-term goal of reaching net-zero emissions by 2025.

“In July of 2021, we reduced our corporate carbon footprint by 99 percent by migrating the vast majority of our transactions within the Ethereum blockchain to the more efficient Layer 2 network. Our long-term ambition is to align our decarbonisation efforts to a long-term net-zero strategy,” the company said in a statement. 

With this in mind, last month, the Paris-based business unveiled its partnership with Plan A, a carbon accounting, decarbonisation, and ESG reporting platform, as part of the firm’s “long-term sustainability strategy.”

At the same time, a separate contract to be signed by the Premier League and NFT business Dapper Labs is reportedly also under negotiations. 

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۹ Best Metaverse NFT Projects to Invest in 2022

Metaverse

Metaverse-based cryptocurrency projects have become the talk of the town in the past couple years, since Facebook’s Mark Zuckerberg rebranded the company to Meta Platforms and set out to build a metaverse for business.

By introducing playable NFTs in the metaverse using blockchain technology, cryptocurrency projects introduce many more use cases to investors – crypto, NFTs and the metaverse have now become almost synonymous.

However, some investors may find evaluating and searching for the top NFT metaverse projects tricky. To help guide beginners, this article reviews and analyzes the best metaverse NFT projects to invest in 2022 wise.

The 9 Best Metaverse NFTs to Invest in Today

The section below provides an overview of the best metaverse NFTs to invest in 2022.

  • Tamadoge – Newly Listed Token on OKX, Offering Playable NFTs
  • Battle Infinity – Multi-Use Metaverse NFT Platform
  • Lucky Block – NFT Platform Offering Exciting Rewards
  • Decentraland – Cryptocurrency Project with NFT Real Estate Metaverse
  • Axie Infinity – Metaverse with $820,00K NFT Asset
  • The Sandbox – NFT Platform that Lets Investors Monetize Virtual Land
  • Adidas into the Metaverse – Limited NFT Collection Created by Adidas
  • MetaCity – Access a Virtual World with Human NFT Avatars
  • League of Kingdoms – P2E Fantasy Game with Dragon NFTs

Analyzing the Top Metaverse NFTs

To get a broader perspective on the top NFT projects, it is essential to learn more about the platform use-cases, prices and key features. Therefore, the sections below thoroughly analyse the best metaverse NFT projects to invest in right now. 

1.Tamadoge – Newly Listed Token on OKX, Offering Playable NFTs

At the top of our list for the best NFT projects is Tamadoge (TAMA) – a play-to-earn (P2E) cryptocurrency offering in-game earning opportunities to platform members. TAMA is the native cryptocurrency that can be used to participate in the Tamaverse – the platform’s virtual ecosystem that offers playable NFT avatars and other exciting projects. 

TAMA can be used on the Tama store to purchase Tamadoge Pets – non-fungible tokens that take the form of virtual dog-like avatars. Each Tamadoge pet offers unique characteristics and is minted using smart contract functionality. 

Metaverse

Players can also purchase virtual items that are utilized to grow and breed their individual pets. Eventually, the Pet NFTs will be used in community-wide competitions. At the end of every month, top performers are awarded TAMA rewards from prize pools. 

With a total supply of 2 billion, TAMA aims to be a deflationary asset. Moreover, 5% of all tokens spent on the ecosystem will be burnt to ensure the demand is higher than the supply. While 30% of the tokens spent will be set aside for marketing purposes, the remaining 65% will be re-distributed among P2E prize pools. 

In August, Tamadoge completed one of the best crypto presales of 2022. After raising $19 million, the token has now been listed on OKX – one of the largest cryptocurrency exchanges. With over 20 million users, OKX will allow investors to trade TAMA on its centralized (CEX) and its decentralized exchange (DEX). 

According to the Tamadoge whitepaper, Tamadoge aims to release an AR-based P2E app, a P2E-style arcade platform with physical rewards and make strategic partnerships with popular metaverse projects. Its ecosystem also the potential to become one of the best utility NFT projects. 

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Top 5 NFT Marketplaces for Creators to Sell Non-Fungible Tokens in 2022

Top 5 NFT-In some ways, NFTs are similar to Bitcoins and other cryptocurrencies, except, of course, they are non-fungible and non-divisible. The first NFTs were part of the Ethereum blockchain, which stores extra electronic information to distinguish their uniqueness. Other blockchains now also facilitate NTFs. Because of the differing blockchain technology behind particular NFTs, not all NFT marketplaces buy and sell all types of NFT. Creators will often select an NFT marketplace based on whether that marketplace supports a specific NFC token standard. Ethereum has released two standards now: ERC-721 and ERC-1155. Competitor, Binance, has since released standards BEP-721 and BEP-1155. The two “1155” standards differ from the original “721” standards because they allow multiple NFTs to be bunched and transacted together.

  1. OpenSea
Top 5 NFT

OpenSea boldly describes itself as being the largest NFT marketplace. It offers a wide range of non-fungible tokens, including art, censorship-resistant domain names, virtual worlds, trading cards, sports, and collectibles. It includes ERC721 and ERC1155 assets. You can buy, sell, and discover exclusive digital assets like Axies, ENS names, CryptoKitties, Decentraland, and more. They feature over 700 different projects, including trading card games, collectible games to digital art projects, and name systems like ENS (Ethereum Name Service).

  • Rarible

Rarible is a community-owned NFT marketplace, with its “owners” holding the ERC-20 RARI token. Rarible awards the RARI token to active users on the platform, who buy or sell on the NFT marketplace.  It distributes 75,000 RARI every week.

The platform places a particular focus on art assets. Creators can use Rarible to “mint” new NFTs to sell their creations, whether they be books, music albums, digital art, or movies. The creator can even show a sneak peek of their creation to everybody who comes to Rarible but limit the full project to the purchaser.

  • SuperRare

SuperRare has a strong focus on being a marketplace for people to buy and sell unique, single-edition digital artworks. Each artwork is authentically created by an artist in the network and tokenized as a crypto-collectible digital item that you can own and trade. They describe themselves as being like Instagram meets Christie’s, offering a new way to interact with art, culture, and collecting on the internet.

Each artwork on SuperRare is a digital collectible– a digital object secured by cryptography and tracked on the blockchain. SuperRare has built a social network on top of the marketplace. As digital collectibles have a transparent record of ownership, they’re perfect for a social environment.

All transactions are made using ether, the native cryptocurrency to the Ethereum network.

  • Foundation
Top 5 NFT

Foundation is a specialist platform designed to bring digital creators, crypto natives, and collectors together to move culture forward. It calls itself the new creative economy. Its primary focus is on digital art.

In the first blog post on their website in August 2020, they announced an open call for creators to experiment with crypto and play with the concept of value. They invited creators to “hack, subvert, and manipulate the value of creative work.”

Whenever an NFT trades on Foundation, the artist makes 10% on that secondary transaction, i.e., an artist receives 10% of the sales value any time a collector re-sells their work to someone else for a higher price.

5. AtomicMarket

AtomicMarket is a shared liquidity NFT market smart contract that is used by multiple websites. Shared liquidity means that everything listed on one market also shows on all other markets.

It is a marketplace for Atomic Assets, a standard for non-fungible tokens on the eosio blockchain technology. Anyone can utilize the Atomic Asset standard to tokenize and create digital assets and buy, sell and auction assets using the Atomic Assets marketplace.

You can list your own NFTs for sale on the AtomicMarket, and you can browse existing listings. NFTs of well-known collections get a verification checkmark, which makes it easier to spot the real NFTs. Malicious collections are blacklisted.

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NFT-New Zealand Green Farm NFT

NFT

Welcome to Lazyfarm NFT!

Lazyfarm NFT is a collection of cute and unique Ethereum-based NFT collections. Lazyfarm’s first NFT project, Archie & Jo, consists of 10k NFTs, each one with a distinct feature. Lazyfarm’s characters have solid and endless stories. In addition, we plan to maximize the usability of NFT through active gamification and production of NFT-based merchandise. Discover the limitless allure of Lazyfarm NFT and join the Lazyfarm community today!

What is Lazyfarm?

Lazyfarm is a farm in virtual reality where cute and lovely characters live together. Unlike the standardized and exploitative farms in the real world, all the characters in Lazyfarm live a peaceful life with their own unique identity. Characters who have experienced a centralized and arbitrary past have created a decentralized community against it. On these equal farms, the Lazy Fam are self-sufficient by working cooperatively with each other. Join us now to create a more peaceful farm!

An Ongoing Project

NFT
  • Lazyfarm is a collection of lovable characters that exist in the Metaverse.
  • A range of unique characters will follow after the initial, Archie & Jo.
  • We plan to expand Lazyfarm’s ecosystem with various character designers.
  • Operate an ongoing NFT project for the community.

Decentralized community-centric

  • All Lazy Fam members will be treated as equals.
  • The community of Lazyfarm is of the highest importance.
  • We plan to build a DAO using our own token for the community to contribute their ideas. Projects will have transparency and will reflect the feedback of the community.

Games in the Metaverse/Virtual Reality

  • The Lazyfarm NFTs are utilizable characters within virtual reality.
  • We plan to develop an open-source game for the NFTs.
  • We plan to build Lazyfarm on established Metaverse platforms such as The Sandbox, Decentraland, My Neighbor Alice, etc.
  • The games will be based on the Lazyfarm lore for an enjoyable story-driven experience.

NFT-based products

  • The Lazyfarm characters will appear as real-world products.
  • The products will include but are not limited to stickers, calendars, apparel, and figures.
  • We aim to approach and educate people unfamiliar with Crypto through Lazyfarms characters.

Story and IP

  • Each character in Lazyfarm has a unique story.
  • With these characters, we plan to make products such as emojis, webtoons, picture books, etc.

Environmental and animal protection

  • Lazyfarm is at the forefront of environmental and animal protection.
  • We will inform people about the importance of the environment and animal rights through various stories and content.
  • A portion of Lazyfarm NFT’s revenue will be donated to environmental and animal protection organizations.
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NFT How to identify toxic NFT gaming projects

The GameFi industry started back in 2013, and since then, the sphere has been slowly developing, but in 2021 the popularity of decentralized games exploded along with the boom in nonfungible tokens (NFT). According to the DappRadar analytical service, the total value of one of the most popular blockchain-based games, Axie Infinity, exceeds $550 million.

NFT

When choosing a GameFi project, it is worth considering the marketing and technological component: How actively the project is promoted, and what benefits the project’s token bestows upon its participants.

However, one needs to be wary about pie-in-the-sky promises from GameFi token projects, as scams abound within the space.

One of the biggest GameFi scandals was in the fall of 2021 when the Squid cryptocurrency based on the Squid Game show collapsed to almost zero after rising to $2,800.

NFT-How do NFTs fit into gaming?

The smart contract is associated with the NFT. This sounds serious and professional; although, in reality, it is just a small piece of code. And this little piece of code can be anything, including a link that leads to a JPEG file stored on a central server. Indeed, the lion’s share of NFTs presently is just that.

A smart contract, which is used to “manipulate” an NFT object between games, is not a multifunctional tool. It doesn’t include a model, textures, description, sound, animation, etc. so that an item or character can be easily transferred from one title to another. Thus, for the integration between two games to work, these games must be built, run and maintained through a single infrastructure or gaming engine. Such integrations currently don’t exist in the gaming industry.

Furthermore, an NFT game can work only if it has a large pool of users with its own economy, where players can buy and sell in-game items in the form of NFTs. However, a lot of traditional games already have such economies.

How to spot a scam game?

The project’s team

Developers of professional projects always have accumulated experience. Their biographies can be easily found on the internet, with a track record of how successful their past ideas were.

However, there are many serious projects in GameFi that are launched by anonymous teams. Little information can be found about them because they are hidden behind nicknames or pseudonyms.

Reviews on professional platforms

When studying a project, one should never rely on advertising slogans. It is better to read reviews about them on independent professional platforms. The blockchain community quickly responds to the emergence of new projects. Within a few hours, any idea will be analyzed from all sides.

But scammers have adapted and figured out how to deceive users. Some teams shill projects by writing positive reviews about the company on third-party sites. They pre-register several hundreds of accounts on large forums under the guise of real users. When a command is given, they send the text prepared according to the training manual. So, investors can’t rely on reviews alone.

Projects on social networks

Be sure to look through the social networks of the project and pay attention to the number of people involved by their activity in chats and comments and the nature of the messages. There are no secret projects without users.

Smart contract

The easiest way to check the project’s smart contracts is to use such resources as Etherscan or BscScan. The block explorers will provide you with information about when the project was created, brought to the market, how many users it has, and how many tokens were issued. 

Future income of the project

Every project is created to make money, and it is important to understand where the added value will come from. A person shouldn’t invest until they understand the source of a project’s profit.

Network marketing 

There are many GameFi projects that are built on a multilevel marketing (MLM) system. This is similar to classic network marketing, which isn’t a scam in and of itself. A large number of good projects have used MLM to attract new users, but if the project has no source of income other than network marketing, then it is likely a scam. In addition to MLM, there must be value-added mechanisms. Real projects can’t unreasonably promise users huge percentages of profits.

Although the NFT gaming market is indeed overvalued, NFTs as an investment have yet to reach their potential. NFTs need to be understood more broadly rather than believing they are mere items you receive after countless hours of grinding. The negative bias toward NFT games among skeptics was formed precisely against the backdrop of volatile trading in assets with no clear use case.

NFTs can and should have intrinsic value. In order for the NFT market to mature, a strong link to real assets and services is needed.

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