Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul class="summary-list"><li>An "all female" NFT project called Fame Lady Squad was founded entirely by men.</li><li>It was advertised as the "first female avatar project of all time," with an all-female team.</li><li>Many who purchased <keyword id="11901075" type="UNKNOWN" weightage="60" keywordseo="nfts" source="Orion">NFTs</keyword> felt misled, leading to a change in ownership.</li></ul>An "all-female" NFT project dropped earlier this month, but it was later revealed to have been founded by three Russian men.An NFT is a non-fungible token - a unit of data whose authenticity and ownership are tracked through a decentralized network. Even if an NFT is screenshotted or saved, the original owner can be verified. In the last year, NFTs have skyrocketed in popularity as a way for <keyword id="11931454" type="UNKNOWN" weightage="60" keywordseo="art" source="Orion">art</keyword>ists and art collectors to better secure the authenticity of pieces of digital art.The Fame Lady Squad (FLS) NFT project was advertised as the "first female avatar project of all time." People could buy images (called "ladies") that were produced for the project as NFTs, which could then be used to represent users on various social media platforms. It spurred $1.5 million of investment into the 8,888 individual NFTs, <a href="https://www.inputmag.com/culture/fame-lady-squad-nft-women-men-scandal-scam" target="_blank" rel="noopener">Chris Stokel-Walker reported for Input Mag</a>.The FLS website listed team members from the US and Norway with feminine names and avatars.But on August 10, NFT developer Fedor Linnik published <a href="https://twitter.com/FedorLinnik/status/1424920147362557952" target="_blank" rel="noopener">a Twitter thread</a> saying a male developer who goes by the name D Mefi advertised the project in a Discord chat server and on Twitter before it gained public attention. Then, a Russian developer who goes by Max Rand <a href="https://twitter.com/realMaxRand/status/1425176983839850502">tweeted</a> on August 10 that he was one of the founders, apologizing for any confusion.The FLS Twitter account, which has now been deleted, also posted a thread where it apologized and listed Rand, D Mefi, and one more developer who was not named, as the three founders, and said they were all men."It doesn't mean that it is a scam or a fraud. We love NFT community and everything that is related to NFTs," the account said.Prices for the NFTs sank on the secondary marketplace OpenSea after owners began panic-selling, <a href="https://decrypt.co/78329/ethereum-nft-fraud-fame-lady-squad" target="_blank" rel="noopener">Decrypt reported</a>. A digital art collector called "digitalartchick" <a href="https://twitter.com/digitalartchick/status/1424906893546381314" target="_blank" rel="noopener">tweeted that the floor price had "tanked 90%"</a>.<h2>Some people who felt cheated didn't want the founders to profit from the project anymore</h2>Buyers of FLS and onlookers started calling for the founders to transfer the ownership of FLS' smart contract to respected <keyword id="11892913" type="UNKNOWN" weightage="60" keywordseo="women" source="Orion">women</keyword> in the NFT space. A smart contract is a program that automates and documents elements of an NFT's transactions. Whoever has the smart contract can get money when NFTs are traded and resold.The FLS founders conducted a poll on their Twitter account, asking the NFT community about whether they should give the smart contract away. Over three quarters of respondents voted yes, after which FLS said they transferred the smart contract to "digitalartchick," who is a prominent personality in the space and suggested the transfer on Twitter. She <a href="https://twitter.com/digitalartchick/status/1425427897272131591" target="_blank" rel="noopener">tweeted sceenshots</a> of what she said was a conversation with the founders. Digitalartchick did not respond to a request for comment.She then said she passed it on to a team of women who are active in the community as NFT collectors: Bored Becky, who is a realtor in Canada called Ashley Smith, and NFTignition, whose real name is Danielle Davis.Davis told Insider her team received the contract and it was a "huge surprise."She said the situation could have been a "huge stain" on the history of NFTs, but it's turned into an opportunity."This is definitely historic as it is the first time that an entire project has ever been given to the community," she said.There is no public record of NFT transfers, but Davis and Smith are both active members of the NFT community who have posted videos and images to prove their identities in the new FLS server.D Mefi and Rand, two of the FLS founders, told Insider in a joint statement over Twitter that they didn't expect the backlash they received and that they created FLS because there were no NFT projects dedicated to women, which "amazed" them. They said they used the feminine avatars because it was their artwork, and that they didn't expect that people would think they were women.On August 12, the Fame Lady Squad founders said they would give the new owners control of their social media accounts too. The floor price of the NFTs on OpenSea is now 0.08 ethereum ($268).The new Fame Lady Squad is set to relaunch on August 24.<a href="https://www.insider.com/culture">For more stories like this, check out coverage from Insider's Digital Culture team here.</a>

An 'all female' NFT project was exposed as being founded by 3 men. Now, they're trying to give back to women.

<ul class="summary-list"><li>In an interview with CNBC, <keyword id="13155047" type="UNKNOWN" weightage="60" keywordseo="gary-vaynerchuk" source="Orion">Gary Vaynerchuk</keyword> said 98% of NFT projects will fail. </li><li>Vaynerchuk is the creator of the popular Vee Friends NFT series, the cheapest of which currently sell for about $41,000.</li></ul><a href="https://twitter.com/garyvee">Gary Vaynerchuk</a> is not shy about<a href="https://markets.businessinsider.com/news/currencies/gary-vaynerchuk-nft-market-valuations-gary-vee-friends-vaynermedia-2022-2"> his bullishness</a> for non-fungible tokens, but he thinks there's a downturn coming for the sector.In an interview with <a href="https://twitter.com/garyvee/status/1491968761724903428?s=20&amp;t=-9IKAsGq0TUjTABHEVLy5g">CNBC</a>, the entrepreneur and CEO of VaynerMedia likened the current NFT craze to the dot-com era stock market boom of the early 2000s. "This is internet stocks [19]99," said Vaynerchuk when asked about the current NFT landscape. "I put out content every week saying that 98% of [NFT] projects are going to zero. Most of the behavior I see in NFT buying reminds me of the way people bought beanie babies.""In March 2000 when all those internet stocks which were grossly overrated and collapsed, Amazon was sitting there at seven or eight dollars per share, the same thing will play out in the NFT space," Vaynerchuk said.Vaynerchuk, who has 2.9 million Twitter followers, is the creator behind the popular NFT series <a href="https://opensea.io/collection/veefriends">Vee Friends</a>. The price for a single Vee Friends NFT is currently 13.25 ETH, or about $41,000. He believes it's still the early days for digital assets. He urged investors to recognize that currently, "things don't make sense," but eventually the <keyword id="11901075" type="UNKNOWN" weightage="60" keywordseo="nfts" source="Orion">NFTs</keyword> will become an influential and established market.Jonathan Victor, business development lead for NFTs for Web3 company <a href="https://protocol.ai/">Protocol Labs</a>, agrees that things are just getting started for the NFT space. Much of the utility, he says, will be seen once people stop focusing on the term "NFT.""People will stop talking about NFTs as NFTs, and the focus will shift to what they actually offer," Victor told Insider. "Instead of just fixating on the term, we'll look at what the digital objects can do for us."Because an NFT has built-in proof of ownership on the blockchain, Victor explained how vaccine cards could have been improved if they were NFTs. Then, people could have proof of who issued it, who it was assigned to, and the date and time it was given — all while minimizing the risk of fake cards. For the same reasons, he expects event or sports tickets to transition to NFTs, too. "Soon NFTs will just be things we use in a time where everything will be digital and interoperable. We'll eventually get less excited about the term 'NFT,' and people won't even think about items as NFTs anymore."Similarly, <a href="https://twitter.com/ericinjective?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor">Eric Chen</a>, CEO of decentralized trading platform, <a href="https://injectiveprotocol.com/">Injective Protocol</a>, said there's a lot of noise in the NFT space that distracts from the utility of the digital assets. In time, he anticipates a broad adoption of the technology. "The marketplace became overwhelmed," Chen wrote to Insider in an email. Most of these NFT projects with little differentiation or innovation will likely die over time." "'NFT' used to be a term only familiar to a small group of users," Chen continued. "We've already seen the metaverse concept and NFT sector being validated by large traditional tech companies, I think it'll slowly grow to become part of everyone's daily life. I think it'll be less flashy."Vaynerchuk predicts that the "short-term greed behavior" he is seeing in the space will lead to an NFT downturn. After the dust settles, he expects a handful of operators to come out on the other side to make "remarkable returns." In 2021, the NFT market ballooned to about <a href="https://markets.businessinsider.com/news/currencies/nft-market-41-billion-nearing-fine-art-market-size-2022-1?utm_medium=ingest&amp;utm_source=markets">$41 billion</a> in sales — almost the same size as the traditional art market, and celebrities and pro athletes continue to pour into the nascent Web3 space.Over the past week, there were over <a href="https://markets.businessinsider.com/news/currencies/nft-crypto-best-selling-collections-non-fungible-tokens-doodles-sandbox-2022-2?utm_medium=ingest&amp;utm_source=markets">$535 million</a> in NFT sales.

Gary Vaynerchuk says 98% of NFT projects will fail after the gold rush fades. Here's why 2 experts think he might be right.

<ul class="summary-list"><li>There are many new terms and acronyms that have developed around <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> and <keyword id="11901075" type="UNKNOWN" weightage="60" keywordseo="nfts" source="Orion">NFTs</keyword>. </li><li>For example, a PFP project is a profile picture project like Bored Ape Yacht Club. HODL means not selling.</li></ul>If you're inexperienced with NFTS, some terms may be confusing.I'm a full-time YouTuber focused on demystifying all things Web3, but when I was first learning about the Web3 space, it seemed like people were speaking a different language.Sharding? Rugpull? WAGMI? The jargon was a lot to absorb.So after scouring the internet for hours looking for answers, I pulled together a list of Web3 definitions so that even the most tech-averse folks can understand.<h2>Here are 50 terms you should know </h2><ol><li>Airdrop: To send someone free crypto things such as NFTs or tokens. This has nothing to do with Apple's airdrop feature. Sometimes airdropping gives NFT holders something special. But usually airdropping is for giveaways or a sketchy marketing tactic. </li><li>Alpha: This is another term for "insider information." If someone has "alpha," they have information the rest of the market hasn't found out about yet. </li><li>Ape in: To invest a lot of money into a new cryptocurrency or NFT project without doing the proper research first. It comes from the "apes together strong" meme. </li><li>Bearish: The belief that a project is going to lose value over time. </li><li>Blockchain: A type of database. Information is stored in groups (blocks) that can't be changed after they're created. The entire group of groups (chain of blocks = blockchain) is copied across many different computers so the data is public and safe.</li><li>Blue chip: As close to a "reliable" investment as you can get in the NFT space. These NFT projects are well-known and generally perceived as having a high value. Bored Ape Yacht Club, CryptoPunks, World of Women are considered bluechips. </li><li>Bullish: The belief that a project is going to gain value over time. </li><li>Coinbase: A popular platform to buy and sell crypto. </li><li>Crypto wallet: A place (app or physical item) where you can keep your crypto holdings (NFTs, Ethereum, etc.) A wallet is necessary to buy things (NFTs) with crypto. Some popular wallets are Coinbase Wallet and MetaMask.</li><li>Crypto wallet address: A public address you can give people so they can send crypto/NFTs to you. Usually it's a long alphanumeric string, but you can also purchase a shorter domain name if you want. For example, mine is aprilynne.eth. </li><li>Decentralized: Power is spread across many people instead of a through a single person. </li><li><keyword id="12561214" type="UNKNOWN" weightage="60" keywordseo="dao" source="Orion">DAO</keyword>: Short for "decentralized autonomous organization." This group's members votes are automatically tallied and used to decide on things. Sometimes actions are automatically taken. The code for all automatic actions are publicly available so everyone can make sure things are run correctly. </li><li>DAPP: Short for "decentralized application," it's an app built on the blockchain. Instead of data being collected/manipulated/sold by Big Brother (*cough, cough, Meta*), all data is stored publicly on the blockchain. </li><li>DEFI: Short for "decentralized finance." It basically means banking but without the fees/approvals for transactions and loans. You can lend, trade, and borrow crypto through public code that automatically stores/verifies transactions. </li><li>Diamond hands: Holding onto a high-risk NFT despite the pressure to sell. Sometimes people use this as justification when an NFT of theirs starts dropping in value. It originates from "diamonds are created under pressure."</li><li>Doxxed: When the true identities of a team behind an NFT project are revealed. Usually used to build credibility in a project.</li><li>Drop: The initial launch of a new collection or project.</li><li>DYOR: Short for "do your own research." This is a disclaimer, and honestly pretty good advice,often added to the end of an opinion on an NFT project. Its pronounced like Dior the brand. </li><li>DOT ETH (.eth): A personal crypto wallet address someone can purchase. For example, my Ethereum wallet address is aprilynne.eth. </li><li>Ethereum: A popular blockchain used for NFTs often criticized for its slow, expensive transactions. Also home of Ether (ETH), the second most popular cryptocurrency. </li><li>Flip: Buying an NFT and selling it quickly rather than holding it with the intent to try to make immediate profits. It's a pretty common yet risky strategy. </li><li>Floor: The NFTs at the floor price of a collection. </li><li>Floor price: The lowest market price for NFTs within a collection. Often used as a rule-of-thumb measure of the value of an NFT project. </li><li>Floor sweep: When someone buys all of the NFTs of a collection at the floor price. Buyers can do this because they believe in the project. Sellers can do this to artificially inflate the floor price of the NFT collection. </li><li>FOMO: Short for "fear of missing out." It's an emotional factor that drives someone to irrationally buy into a project. </li><li>FUD: Short for "fear, uncertainty, doubt" and is used to express concerns about the legitimacy/value of an NFT project. For example, someone can come into an NFT Discord server and spread FUD.</li><li>Gas fee: Basically a transaction fee for crypto (Ethereum) transactions. The busier the Ethereum network, the more expensive the gas fee. This is one of the most complained-about feature of the Ethereum network. </li><li>GM: Short for "good morning," it's a popular greeting on NFT Twitter. It signals that someone is online. </li><li>HODL: A misspelling of "hold" that caught on and earned the acronym "hold on (for) dear life." The term signals that someone is not selling, despite potential volatility and uncertainty. </li><li>LFG: Short for "let's fucking go." Usually used to hype up an NFT project. </li><li>Marketplace: A platform for buying and selling NFTs. Popular NFT marketplaces include OpenSea, Rarible, and Magic Eden. </li><li>MetaMask: A popular crypto wallet. MetaMask has a logo that looks like a fox. </li><li>Metaverse: A virtual world where you have an avatar and you can buy things, play games, and even build businesses. Many different companies (*cough, cough, Meta*) are trying to make a metaverse that "wins" and will become mainstream. </li><li>Minting: Taking a digital asset and putting it onto the blockchain to create an NFT. </li><li>Mooning: Describes the trend when numbers go up. It means growing in price very quickly. </li><li>NGMI: Short for "not gonna make it." It's used to roast people and projects that won't last long in the NFT space. </li><li>OpenSea: A popular NFT marketplace. Currently only supporting NFTs on the Etherium and Polygon blockchains.</li><li>Paper hands: Selling NFTs under pressure. Usually used by "diamond hands" as a roast against people who actually sell. </li><li>PFP project: Short for "profile picture project." These are collections launched with the intent of being avatars that people can use as their Twitter profile picture to flex ownership. </li><li>Polygon: A blockchain used for NFTs that's popular for its lack of gas fees. Technically built on top of Ethereum. </li><li>Pump and dump: A nefarious scheme to artificially "pump" (drive up) the price of an NFT project before selling everything at once, effectively "dumping" the price while making a profit. </li><li>P2E: Short for "pay to earn." You get paid in crypto/NFTs for playing certain kinds of games.</li><li>Road map: A public general plan for an NFT project. Usually gives insight into the timeline and the <keyword id="12326608" type="UNKNOWN" weightage="60" keywordseo="utility" source="Orion">utility</keyword> of the project. </li><li>Rugpull: An NFT project gone wrong. People lie about an NFT project in order to lure others into buying in. Once they've collected the money, they abandon the project, leave with the cash, and everyone is left sad and broke. </li><li>Sharding: Breaking down a single NFT into smaller pieces, or shards so a group of people can buy and own an NFT that is otherwise too expensive to be bought in its entirety. </li><li>Solana: A popular blockchain for NFTs known for its cheap, fast transactions. </li><li>Smart contract: Public code attached to an NFT that runs by itself. Usually how the utility of an NFT is enforced. Useful because you don't have to trust the individual behind a project — you just need to trust the code that you can see and verify yourself.</li><li>Staking: A way to earn passive income by locking up your NFTs on the blockchain for a period of time. You can earn rewards for this in the form of crypto. </li><li>To the moon: A celebratory term used when prices of an NFT project are going up and up. </li><li>Utility: Underlying value of an NFT. Utility is the perks, products, services, benefits, or rights associated with owning an NFT. For example, some NFTS come with 30% off of future products, membership to a private fund, access to an online course, access to private events, or copyright rights to a brand.</li></ol>Aprilynne Alter is an NFT YouTuber and startup founder.

50 cryptocurrency and NFT terms you need to know

<ul class="summary-list"><li><keyword id="11948246" type="UNKNOWN" weightage="60" keywordseo="budweiser" source="Orion">Budweiser</keyword> is the latest major company to enter the <keyword id="11919795" type="UNKNOWN" weightage="60" keywordseo="nft" source="Orion">NFT</keyword> and <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> space. </li><li>The beer brewer purchased a Bud-themed space rocket NFT and the domain name 'beer.eth'.</li><li>More and more companies are tapping into NFT hype as the digital assets enter the mainstream.</li></ul>Budweiser bought a non-fungible token (NFT) of a space rocket emblazoned with its logo to use as its <a href="https://twitter.com/budweiserusa">Twitter</a> image, and snapped up the domain name beer.eth, the beer brewer confirmed to Insider this week. The Anheuser-Busch subsidiary garnered attention from the cryptocurrency community on Wednesday after it uploaded a Bud-themed rocket, part of artist Tom Sachs' Rocket Factory NFT project. It also <a href="https://twitter.com/budweiserusa/status/1430316343392354306">tweeted</a> three space-rocket emojis, which are often used by meme-stock buyers and crypto fans to signify that an asset is 'going to the moon.'"Budweiser is taking its first steps into the NFT universe. We're excited to support Tom Sachs and his Rocket Factory project and join this incredible community," a Budweiser spokesperson told Insider. NFTs are digital assets like pieces of art, audio clips, virtual sports cards, or even tweets, which are tied to blockchain networks. Each NFT is therefore unique and almost impossible to edit or duplicate, making them popular among artists. Often anyone online can still view NFTs, but there's only one verified owner of the token on the blockchain. The Rocket Factory project was launched earlier this year and allows people to purchase parts of a NFT rocket, which they can then create in the real world if all parts of a NFT rocket are put together. The physical rockets are then assembled and launched - according to the project's <a href="https://medium.com/@tsrocketfactory/pre-flight-check-6db50fb6befd">Medium</a> page, the first flights will take place on August 28. Budweiser paid 8 ether coins (worth $25,000 at time of writing) for the rocket, according to NFT platform <a href="https://opensea.io/assets/0x6b00de202e3cd03c523ca05d8b47231dbdd9142b/325">OpenSea</a>. <a href="https://opensea.io/assets/0x57f1887a8bf19b14fc0df6fd9b2acc9af147ea85/69406976489375853983395395232238482141787305592400082827240731448876110915645">Records</a> show that the beer brewer also purchased the domain name 'beer.eth' for 30 ether (worth $94,000 at time of writing), under which the rocket and other NFTs are stored on crypto platforms. Budweiser is the latest major company to move into the NFT and crypto space, joining the likes of Coca Cola and Marvel in creating and selling the digital assets to consumers. The popularity of NFTs has soared throughout 2021 and the market shows no signs of slowing - close to $1 billion has been spent on NFTs across nearly 300,000 sales in the past 30 days, according to data from <a href="https://nonfungible.com/market/history">nonfungible.com</a>. Still, experts say there is <a href="https://markets.businessinsider.com/news/currencies/nft-sales-soaring-crypto-market-growth-rarible-alex-salnikov-2021-8">still a long way to go before the tokens reach the mainstream and adjustments have to be made</a> in terms of affordability and accessibility.

Budweiser gets into NFTs by launching a Bud-themed space rocket on Twitter

<ul class="summary-list"><li>Yuga Labs, the team behind <keyword id="13098105" type="UNKNOWN" weightage="60" keywordseo="bored-ape-yacht-club" source="Orion">Bored Ape Yacht Club</keyword>, has acquired <keyword id="12418197" type="UNKNOWN" weightage="60" keywordseo="cryptopunks" source="Orion">CryptoPunks</keyword> and Meebits from Larva Labs.</li><li>Bored Ape Yacht Club and CryptoPunk <keyword id="11901075" type="UNKNOWN" weightage="60" keywordseo="nfts" source="Orion">NFTs</keyword> have together done more than $3 billion in trading volume. </li></ul>Bored Ape Yacht club creator <keyword id="13382724" type="UNKNOWN" weightage="60" keywordseo="yugo-labs" source="Orion">Yugo Labs</keyword> has bought CryptoPunks and Meebits from Larva Labs, giving the company control over three of the most popular <a href="https://www.businessinsider.com/nft-meaning?utm_medium=ingest&amp;utm_source=markets">non-fungible token</a> collections on the market. The Bored Apes and <a href="https://cryptopunks.app/">CryptoPunks</a> collections are iconic among NFT enthusiasts, boasting over $1 billion and $2.2 billion in trading volume, respectively. "[Yuga Labs is] the ideal stewards of the CryptoPunks and Meebits. In their hands, we are confident that they will continue to be vital, thriving projects in the emerging decentralized web," said Matt Hall and John Watkinson, co-founders of Larva Labs, CryptoPunks, and Meebits in a <a href="https://mirror.xyz/0xEc9f53fA69682833FBd760C104B5D61aE29221E0/Km81y6Mc3O5LzS0wnrghVIV0HnZgLOd4wsnfcGw3_2I">statement</a>. Larva Labs said it will retain the rights to a group of its "favorite Punks and Meebs."CryptoPunks were one of the earliest NFT projects, and 10,000 unique iterations of them exist on the ethereum blockchain. The current floor price for a single CryptoPunk is 69.95 ETH, or about $181,000. <a href="https://meebits.app/">Meebits</a>, for its part, has seen about $227 million in trading volume, per OpenSea. The floor price for one MeeBits NFT is 4.7 ETH, or about $12,000. After a sizzling 2021 when total volume hit $23 billion, the NFT market has cooled to start the new year. Sales dipped 29% week-over-week as of Friday, and the <a href="https://markets.businessinsider.com/news/currencies/bitcoin-price-outlook-technical-sell-off-violates-support-downside-ahead-2022-1?utm_medium=ingest&amp;utm_source=markets">ongoing sell-off</a> in cryptocurrencies is beginning to creep into the NFT space.Bored Ape Yacht Club and CryptoPunks were the <a href="https://markets.businessinsider.com/news/currencies/bored-ape-yacht-club-nft-sales-plunge-crypto-non-fungible-2022-3">first and second top-sellers</a> last week.

Bored Ape creator's purchase of CryptoPunks means it now owns two of the top-selling NFT projects

<ul class="summary-list"><li>The Cleveland Cavaliers are launching <keyword id="11919795" type="UNKNOWN" weightage="60" keywordseo="nft" source="Orion">NFT</keyword> "lockers" for fans to collect and display digital tokens.</li><li>Fans who attend home games in Cleveland will have access to game-exclusive <keyword id="11901075" type="UNKNOWN" weightage="60" keywordseo="nfts" source="Orion">NFTs</keyword>. </li><li>The NFT lockers are set to "unlock" on February 6 when the Cavs play the Indiana Pacers. </li></ul>The Cleveland Cavaliers just <a href="https://www.nba.com/cavaliers/releases/nft-launch-220202">announced</a> a new non-fungible token project in partnership with NFT platform <a href="https://sweet.io/">Sweet</a>. Starting today, the NFT project, which is geared toward "the most passionate Cavs fans," offers fans a chance to claim a free NFT Locker, which will act as a virtual showcase for displaying Cavs-themed digital collectibles. New York-based Sweet is an NFT platform and marketplace that emphasizes immersive and gamified experiences, according to its website.The locker is set to "unlock" on February 6th ahead of the Cavs vs. Indiana Pacers game. Those who attend the game in person will receive the first Cavaliers NFT, in the form of a digital t-shirt, which they can display in a locker. Fans attending home games will be eligible to receive game-issued digital collectibles, which are available only to attendees at Rocket Mortgage FieldHouse. "Ultimately, this will be an on-going promotion," said Mike Conley, chief information officer for the Cavaliers. "Fans can continue to build out, curate, and showcase their 'My Cavs Locker' into the future."According to a Cleveland Cavaliers press release, future NFTs could take the form of sneakers, jackets and shirts, and will evolve into more "immersive" experiences.The sports world has increasingly adopted NFTs as digital extensions of physical memorabilia. Despite the recent crypto slump, <a href="https://markets.businessinsider.com/news/currencies/dapper-labs-nba-top-shots-crypto-blockchain-art-kevin-durant-2022-1">NBA Top Shot NFTs continue to grow in popularity.</a> Recently retired NFL legend Tom Brady plans to spend more time building his own NFT platform, Autograph, <a href="https://markets.businessinsider.com/news/currencies/tom-brady-nft-platform-autograph-raises-millions-a16z-silicon-valley-2022-1">which has raised $170 million</a>. "We see this as a model for how teams can use this new digital tech to empower their fans to literally showcase how much they love their favorite franchises," said Tom Mizzone, CEO of Sweet.io.

The Cleveland Cavaliers are launching an NFT ‘experience’ for fans of the NBA team

<ul class="summary-list"><li>Retail buyers have accounted for 80% of all <keyword id="11919795" type="UNKNOWN" weightage="60" keywordseo="nft" source="Orion">NFT</keyword> transactions, according to a report by <keyword id="11902141" type="UNKNOWN" weightage="60" keywordseo="chainalysis" source="Orion">Chainalysis</keyword>. </li><li>19% of NFT transactions were between $10,000-100,000, while 1% were institutional transfers, the report said.</li><li>NFTs have boomed, as celebrities, big fashion houses, athletes and creators have launched their own.</li></ul>The market for non-fungible tokens has exploded this year. These unique digital collectors' items live on the blockchain and have gone from being a little-known sector of the <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> world to a mainstream must-have for artists, content creators and even athletes and music stars.But it's been the involvement of small-time retail investors that has really fueled the boom, according to a <a href="https://blog.chainalysis.com/reports/nft-market-report-preview-2021">report</a> this week from blockchain analytics group Chainalysis.Retail buyers that spent less than $10,000 on NFTs accounted for 80% of all NFT transfers between January and October this year, according to the report.19% of NFT transactions were by larger investors that spent between $10,000 and $100,000 on the digital tokens. Less than 1% of NFT purchases were by institutional investors that spent more than $100,000. People all over the world are buying NFTs, with no one region making up more than 40% of monthly web visits since March this year, the report said. Celebrities like singer <a href="https://markets.businessinsider.com/news/currencies/katy-perry-is-selling-her-own-nfts-on-a-video-streaming-platform-2021-7">Katy Perry</a>, the popular Korean boy band <a href="https://markets.businessinsider.com/news/currencies/bts-nft-crypto-kpop-after-agency-signs-deal-korea-exchange-2021-11">BTS</a>, along with fashion houses like <a href="https://markets.businessinsider.com/news/currencies/luxury-fashion-houses-louis-vuitton-and-burberry-dive-into-nft-gaming-2021-8">Burberry</a> and Louis Vuitton have dived into the NFT space. <a href="https://markets.businessinsider.com/news/currencies/tiktok-viral-videos-crypto-nfts-lil-nas-x-bella-poarch-2021-10">TikTok</a> even launched its own NFT in October. Digital art NFTs Bored Ape Yacht Club, Crypto Punks, and Cryp Toadz among 13 others NFT collections have attracted hundreds of millions of dollars worth of transaction volumes, the report showed. "Anyone paying attention to the NFT market knows that investors have flocked in part because they believe they can achieve a high return on investment by purchasing NFTs," the report said. Investors can profit by purchasing NFTs when they are being minted and transformed from a digital file into a digital asset that cannot be edited in any way and then selling these on as they increase in value. NFTs also trade freely and anyone can buy or sell them. Data from the OpenSea marketplace showed that only 28.5% of NFTs that are purchased during minting and are sold on that platform make a profit. Those who buy from secondary <keyword id="11893875" type="UNKNOWN" weightage="100" keywordseo="markets" source="Orion">markets</keyword> make a profit 65% of the time, the data showed. "More than anything else, NFTs run on community and word of mouth growth. Look at virtually any successful NFT project, and you'll likely find Discord servers and Twitter threads full of enthusiasts promoting the project," Chainalysis said in its report. The NFT market was the best <a href="https://markets.businessinsider.com/news/currencies/metaverse-nft-tokens-sand-mana-kraken-bitcoin-ether-decentraland-sandbox-2021-12">performing</a> group of digital assets in November, thanks to the evolution of the metaverse, a virtual reality world where people can purchase anything from digital property to digital designer dresses - often in the form of NFTs - as well as playing games to earn crypto tokens.

Retail buyers made up 80% of NFT transactions as sales and volumes have boomed this year: Chainalysis

<ul><li><keyword id="11919795" type="UNKNOWN" weightage="60" keywordseo="nft" source="Orion">NFT</keyword> sales had a breakthrough year in 2021, and over the past 12 months, volume has hit $23 billion.</li><li>Sales in January topped $1 billion for a single week, but sales have dipped, with a 29% decline week-over-week. </li><li>These were the five best-selling digital collectibles that helped drive $168 million in NFT sales over the past week. <a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell?utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_source=markets&amp;utm_source=markets&amp;utm_source=markets&amp;utm_source=markets&amp;utm_source=markets&amp;utm_source=markets&amp;utm_source=markets&amp;utm_source=markets" target="_blank" rel="noopener noreferrer"></a></li></ul>The cryptocurrency boom over the past few years has helped propel a newer market to record heights: digital collectibles known as NFTs. In fact, total NFT sales volume hit $23 billion over the past year as artists, investors, and entrepreneurs descend upon the nascent Web3 space. NFTs, or <a href="https://www.businessinsider.com/nft-meaning">non-fungible tokens</a>, are unique, irreplaceable, <a href="https://www.businessinsider.com/non-fungible-tokens-nfts-have-taken-over-heres-why-theyre-important-2021-4#nba-top-shot-moments-1">mostly digital items</a> that users buy and sell online.NFTs <a href="https://www.businessinsider.com/crypto-nft-blockchain-opensea-devin-finzer-predicts-future-2021-10#:~:text=NFTs%2C%20or%20non%2Dfungible%20tokens,of%20ownership%2C%20similar%20to%20cryptocurrencies.">use blockchain technology</a> to keep a digital record of ownership, similar to cryptocurrencies. They were first launched on ethereum, the same blockchain that supports the cryptocurrency <a href="https://markets.businessinsider.com/currencies/eth-usd">ether</a>, and most NFTs can still only be purchased using ether.But the <a href="https://markets.businessinsider.com/news/currencies/bitcoin-price-outlook-technical-sell-off-violates-support-downside-ahead-2022-1">ongoing sell-off in cryptocurrencies</a> is beginning to take its toll on NFT sales. In the past week alone, sales hit $168 million, according to <a href="https://nonfungible.com/market/history">data from NonFungible.com.</a> But that's down from last week's NFT sales, falling about 29% from $237 million. In early January, weekly NFT sales peaked at nearly $1 billion.These were the five best-selling collections over the past week, according to NonFungible.5. Doodles7-Day Sales Volume: $3.7 million Number of Sales: 142 Highest Sale Price: $78,454 <div type="image" title="Doodles" height="391" width="911" msid="90108502" hostid="261"></div>Explainer: "Doodles come in a joyful range of colors, traits, and sizes with a collection size of 10,000. Doodles are a funky bunch that like to role play or transmogrify themselves into delicious treats. Holding a Doodle allows you to participate in coordinating the Doodles Community Treasury."4. VeeFriends7-Day Sales Volume: $6.2 million Number of Sales: 146 Highest Sale Price: $331,069 <div type="image" title="VeeFriends" height="822" width="1518" msid="90108505" hostid="261"></div>Explainer: "10,255 token NFT project consisting of 9400 admission tokens, 555 gift goats, and 300 access tokens; including many one-of-ones. The main ambition of this project is to create meaningful intellectual property and create an extraordinary community."3. The Sandbox7-Day Sales Volume: $7.7 million Number of Sales: 858 Highest Sale Price: $43,848 <div type="image" title="A rendering of land in The Sandbox virtual metaverse" height="829" width="1658" msid="90108507" hostid="261"></div>Explainer: "The Sandbox is a community-driven UGC-voxel platform where users own their LAND and host their creative magic."2. <keyword id="12418197" type="UNKNOWN" weightage="60" keywordseo="cryptopunks" source="Orion">CryptoPunks</keyword>7-Day Sales Volume: $9.0 million Number of Sales: 50 Highest Sale Price: $290,645 <div type="image" title="CryptoPunks" height="2010" width="4020" msid="90108511" hostid="261"></div>Explainer: "10,000 unique collectible characters with proof of ownership stored on the Ethereum blockchain. The project that inspired the modern CryptoArt movement."1. <keyword id="13098105" type="UNKNOWN" weightage="60" keywordseo="bored-ape-yacht-club" source="Orion">Bored Ape Yacht Club</keyword>7-Day Sales Volume: $32.2 million Number of Sales: 491 Highest Sale Price: $637,375 <div type="image" title="Golden Bored Ape" height="315" width="631" msid="90108513" hostid="261"></div>Explainer: "BAYC is a collection of 10,000 Bored Ape NFTs -- unique digital collectibles living on the Ethereum blockchain. Your Bored Ape doubles as your Yacht Club membership card, and grants access to members-only benefits."

NFT sales drop again to $168 million over the past week. These were the 5 best-selling digital collections.

<ul><li><keyword id="11919795" type="UNKNOWN" weightage="60" keywordseo="nft" source="Orion">NFT</keyword> sales had a breakthrough year in 2021, and over the past 12 months, volume has hit $23 billion.</li><li>But after nearing $1 billion in a single week in January, sales have plunged amid an ongoing sell-off in <keyword id="11895317" type="UNKNOWN" weightage="60" keywordseo="cryptocurrencies" source="Orion">cryptocurrencies</keyword>.</li><li>These were the five best-selling digital collectibles that helped drive $63 million in NFT sales over the past week. <a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell?utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_source=markets&amp;utm_source=markets&amp;utm_source=markets&amp;utm_source=markets&amp;utm_source=markets&amp;utm_source=markets&amp;utm_source=markets&amp;utm_source=markets" target="_blank" rel="noopener noreferrer"></a></li></ul>The cryptocurrency boom over the past few years has helped propel a newer market to record heights: digital collectibles known as <keyword id="11901075" type="UNKNOWN" weightage="60" keywordseo="nfts" source="Orion">NFTs</keyword>. In fact, total NFT sales volume hit $23 billion over the past year as artists, investors, and entrepreneurs descend upon the nascent Web3 space. NFTs, or <a href="https://www.businessinsider.com/nft-meaning">non-fungible tokens</a>, are unique, irreplaceable, <a href="https://www.businessinsider.com/non-fungible-tokens-nfts-have-taken-over-heres-why-theyre-important-2021-4#nba-top-shot-moments-1">mostly digital items</a> that users buy and sell online.NFTs <a href="https://www.businessinsider.com/crypto-nft-blockchain-opensea-devin-finzer-predicts-future-2021-10#:~:text=NFTs%2C%20or%20non%2Dfungible%20tokens,of%20ownership%2C%20similar%20to%20cryptocurrencies.">use blockchain technology</a> to keep a digital record of ownership, similar to cryptocurrencies. They were first launched on ethereum, the same blockchain that supports the cryptocurrency <a href="https://markets.businessinsider.com/currencies/eth-usd">ether</a>, and most NFTs can still only be purchased using ether.But the <a href="https://markets.businessinsider.com/news/currencies/bitcoin-price-outlook-technical-sell-off-violates-support-downside-ahead-2022-1">ongoing sell-off in cryptocurrencies</a> is beginning to take its toll on NFT sales. In the past week, sales hit $63 million, according to <a href="https://nonfungible.com/market/history">data from NonFungible.com.</a> That's down from <a href="https://markets.businessinsider.com/news/currencies/bored-ape-yacht-club-nft-sales-plunge-crypto-non-fungible-2022-3">last week's $168 million</a> in NFT sales. In early January, weekly NFT sales peaked at nearly $1 billion.These were the five best-selling collections over the past week, according to NonFungible.5. Doodles7-Day Sales Volume: $3.9 million Number of Sales: 266 Highest Sale Price: $195,000 <div type="image" title="Doodles" height="391" width="911" msid="90273125" hostid="261"></div>Explainer: "Doodles come in a joyful range of colors, traits, and sizes with a collection size of 10,000. Doodles are a funky bunch that like to role play or transmogrify themselves into delicious treats. Holding a Doodle allows you to participate in coordinating the Doodles Community Treasury."4. VeeFriends7-Day Sales Volume: $6.4 million Number of Sales: 77 Highest Sale Price: $153,000 <div type="image" title="VeeFriends" height="822" width="1518" msid="90273126" hostid="261"></div>Explainer: "10,255 token NFT project consisting of 9400 admission tokens, 555 gift goats, and 300 access tokens; including many one-of-ones. The main ambition of this project is to create meaningful intellectual property and create an extraordinary community."3. The Sandbox7-Day Sales Volume: $7.6 million Number of Sales: 1008 Highest Sale Price: $23,000 <div type="image" title="A rendering of land in The Sandbox virtual metaverse" height="829" width="1658" msid="90273129" hostid="261"></div>Explainer: "The Sandbox is a community-driven UGC-voxel platform where users own their LAND and host their creative magic."2. <keyword id="12418197" type="UNKNOWN" weightage="60" keywordseo="cryptopunks" source="Orion">CryptoPunks</keyword>7-Day Sales Volume: $8.6 million Number of Sales: 141 Highest Sale Price: $412,000 <div type="image" title="CryptoPunks" height="2010" width="4020" msid="90273131" hostid="261"></div>Explainer: "10,000 unique collectible characters with proof of ownership stored on the Ethereum blockchain. The project that inspired the modern CryptoArt movement."1. <keyword id="13098105" type="UNKNOWN" weightage="60" keywordseo="bored-ape-yacht-club" source="Orion">Bored Ape Yacht Club</keyword>7-Day Sales Volume: $33.5 million Number of Sales: 583 Highest Sale Price: $466,000 <div type="image" title="Golden Bored Ape" height="315" width="631" msid="90273133" hostid="261"></div>Explainer: "BAYC is a collection of 10,000 Bored Ape NFTs -- unique digital collectibles living on the Ethereum blockchain. Your Bored Ape doubles as your Yacht Club membership card, and grants access to members-only benefits."

NFT sales fell to $63 million over the past week. These were the 5 best-selling digital collections.

<ul class="summary-list"><li><keyword id="12947823" type="UNKNOWN" weightage="60" keywordseo="stan-wawrinka" source="Orion">Stan Wawrinka</keyword> is launching an NFT collection of 5,555 digital <keyword id="11897437" type="UNKNOWN" weightage="60" keywordseo="tennis" source="Orion">tennis</keyword> players who can compete in <keyword id="11121339" type="UNKNOWN" weightage="60" keywordseo="metaverse" source="Orion">metaverse</keyword> tournaments.</li><li>NFT owners can train their players and improve their stats to make them more valuable.</li><li>Wawrinka, the three-time Grand Slam champion, is the latest prominent athlete to join the NFT space.</li></ul>Looking for a spot in the first-ever metaverse tennis tournament? One of the 5,555 <keyword id="11901075" type="UNKNOWN" weightage="60" keywordseo="nfts" source="Orion">NFTs</keyword> from three-time Grand Slam champion Stan Wawrinka could be your ticket.The 36-year-old Swiss tennis player has forged into the world of non-fungible tokens with his launch of <a href="https://ballmanproject.io/index.html">the Ballman project</a>, an NFT collection of 5,555 unique digital tennis players that give owners the chance to play in virtual tennis tournaments for prizes, including ethereum, according to the <a href="https://ballmanproject.io/index.html#faq">website</a>."The NFT Open series aims to be the largest virtual tennis tournament circuit bringing together fans of NFTs and Tennis alike," the whitepaper said. The first sale is February 7 with more to follow. In a Wednesday Zoom call announcing the project, Wawrinka said NFTs are "roaring" and that he wants to build community with his collection, <a href="https://www.bloomberg.com/news/articles/2022-01-12/tennis-star-stan-wawrinka-jumps-into-nft-game?srnd=markets-vp">Bloomberg reported</a>. He's right -- NFTs have <a href="https://markets.businessinsider.com/news/currencies/nft-piracy-painter-says-work-stolen-thousands-of-times-opensea-2022-1">surged in popularity</a> in the last year, with sales topping $25 billion in 2021. The term NFT refers to a digital collectible or piece of art tied to blockchain technology. As for community, Wawrinka has stayed in touch with fans through a <a href="https://discord.com/channels/907931309115080736/907985654670033006">Discord server</a> about the project by frequently checking in with messages to the more than 1,500 players in the channel.For Wawrinka's collection, the NFTs, or digital players, have randomly assigned traits like technique, conditioning, power, mindset, tactics, and luck, that help determine how they perform in virtual tournaments, which will be held in a virtual arena called the "<a href="https://twitter.com/ballmanproject/status/1480595626563887104?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1480595626563887104%7Ctwgr%5E%7Ctwcon%5Es1_c10&amp;ref_url=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2022-01-12%2Ftennis-star-stan-wawrinka-jumps-into-nft-game">Ballman Meta Stadium</a>."Players progress through different levels like daily training, weekly tournaments, the super series, and the final four. Winnings include prize money in the form of ether and boosters. "Just like real tennis players, you can enhance your player's skills (better tennis gear, better shoes, training, rest or even a coach)," the site said. The more a player trains and wins, the more valuable the NFT becomes.Wawrinka, whose <a href="https://twitter.com/stanwawrinka?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor">Twitter</a> and Discord profile picture features a bored ape from the well-known NFT collection, is the latest professional athlete to enter the world of digital collectibles. Others, including NBA superstar <a href="https://markets.businessinsider.com/news/currencies/linksdao-nft-prices-roughly-steph-curry-golf-course-ether-crypto-2022-1">Steph Curry</a> and NFL legend <a href="https://markets.businessinsider.com/news/currencies/tom-brady-nft-collection-autograph-digital-tokens-crypto-nfl-2021-12">Tom Brady</a>, have entered NFT space with offerings of their own.

You Searched For "nft projects" and got 10 results

An 'all female' NFT project was exposed as being founded by 3 men. Now, they're trying to give back to women.

Lindsay Dodgson

Gary Vaynerchuk says 98% of NFT projects will fail after the gold rush fades. Here's why 2 experts think he might be right.

Phil Rosen

50 cryptocurrency and NFT terms you need to know

Aprilynne Alter

Budweiser gets into NFTs by launching a Bud-themed space rocket on Twitter

Sophie Kiderlin

Bored Ape creator's purchase of CryptoPunks means it now owns two of the top-selling NFT projects

Phil Rosen

The Cleveland Cavaliers are launching an NFT ‘experience’ for fans of the NBA team

Phil Rosen

Retail buyers made up 80% of NFT transactions as sales and volumes have boomed this year: Chainalysis

Camomile Shumba

NFT sales drop again to $168 million over the past week. These were the 5 best-selling digital collections.

Matthew Fox

NFT sales fell to $63 million over the past week. These were the 5 best-selling digital collections.

Matthew Fox

Buying one of these 5,555 NFTs from tennis star Stan Wawrinka will give you a chance to play in the first-ever metaverse tennis tournament

Natasha Dailey

Popular Keywords

Buying Guides