Tag: NFT

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NFT

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

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  • 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.
  • U.TOWN：https://u.town/en
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NFT

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.

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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.

U.TOWN：https://u.town/en

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質押

DEFI-WHERE IS CAKE DEFI HEADING?

DEFI

DEFI-Decentralized finance is taking the world by storm as the digital asset industry evolves with new and reliable products for savings and investments within the crypto ecosystem.

 A CENTRALIZED PLATFORM FOR DEFI APPS AND SERVICES

DEFI

DeFi taking over the world of finance or operating in parallel with TradFi in the years to come?

This very much depends on where DeFiis headed. If DeFi becomes regulated, then it has a good chance to break out of its current niche. DeFialso isn’t for the everyday investor, especially one that is not crypto-savvy.  This is also where Cake DeFi comes in – we offer a centralized platform for anyone to access DeFiapplications and services. In the long run, if those two obstacles to mass adoption can be overcome then DeFihas the potential to be a disruptive force to the legacy financial system.

For those who don’t know, what is the difference between lending, freezer, liquidity mining, and staking, and what is most popular among investors?

Cake DeFi gives you three options to generate cash flow and a passive income: Lending, Staking and Liquidity Mining. Lending is the act of lending your cryptocurrencies in exchange for a guaranteed return of up to 7%. Our most popular product is Staking  as it is relatively low risk, offers competitive returns, with low barriers to entry and understanding. Staking validates transactions on a PoS blockchain and customers get rewards in return. Cake DeFi operates fully transparent masternode pools that enables and allows to currently earn staking yields of around 30% to 40% that gets paid out twice a day (every 12 hours). Liquidity Mining is the process of providing liquidity to a liquidity pool to facilitate trades on a Decentralized Exchange (DEX). Users have to provide a pair of cryptocurrencies in order to reap Liquidity Mining rewards, which are directly distributed by the blockchain

How much has the business grown?

Cake DeFi has, at last count, over 600,000 customers in 191 countries. This is over ten times the number of customers we had at the beginning of 2021. In 2021, we paid out US$230M in rewards to our customers. In 2021 Q4 alone, we paid out U$74M. Cake DeFi only makes money when our customers make money, as we take a small fee from the rewards they earn. As a startup that is under 3 years, we are very strong financially – we are cash flow positive and have a financial runway of at least 4 years. 

Cake DeFi launched a $100 million corporate venture arm. How did it come about and how can startups apply?

In order to grow and innovate, we have to leverage and engage with external technologies and startups. In the long run, this leads to the disruptive products Cake DeFi is known for. We have therefore decided to commit US$100M for the next two years to invest in and work with startups in new areas of disruption.

U.TOWN：https://u.town/en

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NFT

NFT Market Collapses Just As Square EnixSells Tomb Raider To Bet Big On Blockchain

You know what no one could ever have predicted?

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That a market based on imaginary ownership of infinitely duplicable jpeg images might not be end-game, long-term sustainable. As The Wall Street Journal reports, the NFT market is “flatlining,” down 92 percent from last September. Which makes it just the most incredible time for Japanese publisher Square Enix, famed for properties like Final Fantasy, to sell off most of their Western-facing IP and studios to gamble on the batshit scheme.

blockchain market

Square Enix is intending to sell Crystal Dynamics, Eidos Montreal and Square Enix Montreal to the monolithic The Embracer Group, along with IPs for games like Deus Ex, Tomb Raider, Thief, and Legacy of Kain. Why? Because, to quote Squenix, “the Transaction enables the launch of new businesses by moving forward with investments in fields including blockchain, AI, and the cloud.” Which is to say, its previously announced desire to milk the NFT/blockchain market.

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feel like the most extraordinarily precise emblem of the 2020s. It’s all a glaringly obvious pile of bullshit. Companies are literally selling a line of code on what they call a blockchain, to repackage the extremely old idea of digital asset ownership as the next big investment you should get in on now while the going is good. You’ve been able to own things like video game skins for a long time, of course. Somehow, though, many of these companies are putting a lot of effort into pretending that you can now own a picture, and then pretending that in doing so the picture somehow becomes imbued with inherent worth—all given life by enough idiots clapping their hands and shouting how they believe in fairies.

If not, well, I’ve got these lovely jpegs of some bridges I could sell them.

NFTs were always going to be a bubble, and no doubt they’ll have little spikes, resurgences of interest with each new nonsensical twist, reaching nowhere near as high as 2021’s but allowing the True Believers to keep duping themselves and others for a while to come. But let’s hope that this news of a market collapse is finally enough to scare the games industry away from this ludicrous money pit. We’ve reached out to Square Enix to ask if the news has given them any pause.

U.TOWN：https://u.town/en

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NFT

NFT-Ukraine Asks Crypto Exchanges to Freeze All Russian

NFT news:
Ukraine Asks Crypto Exchanges to Freeze All Russian Users’ Accounts – Major Exchanges Deny Requests.
Ebay CEO talks NFT and crypto, Exec says company continues to ‘evaluate other forms of payment’.
Bitcoin climbs to $41K and flippens the Russian ruble

NFT

U.TOWN：https://u.town/en