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Technology

MuskMelon – The Funnest Newest Entrant in Gaming and NFTs!

The word of 2021 as per Collins Dictionary was NFTs and it took off massively in Q4 of 2021 and has been a buzz all around. An NFT – non-fungible token – is a digital asset that represents a real- world object like, for example, the Charlie Bit My Finger video that sold for £500,000 back in May 2021. Since then many NFTs have found exclusive utilities as a part of Games and the use of NFTs means players can be the sole owner of an in-game item, and then choose to trade, sell or hold it. The idea that players can earn money from a game is not new, but NFTs are more secure and flexible.

Binance Gaming NFT today has a total of 16 projects listed as of March 2022 with a total of USD 884Mn in Volume. The crypto/NFT gaming scene is buzzing right now, and you probably won’t be surprised to see “the metaverse” being tossed around absolutely everywhere. Blockchain technology is no longer vaporware drifting on the horizon of the video game industry. It’s here.

Musk Melon is the latest addition to the world of NFTs and Gaming with a glimpse of the purposeful contributions to the real world. The platform is seemingly launched as patronage to Elon Musk and is evident on the platform’s landing page, which shows Mr Musk in various avatars. At the onset itself, the project seems extremely exciting as it creates an environment of interaction with the Founder of SpaceX with a little more involved NFTs around his life. Melon is the Native currency, which can be used to purchase NFTs, In-Game assets, and even contribute to the Ukraine Relief Fund.

The project has quite an interesting storyline that describes MuskMelon which is created by a MultiBilionaire and Influencer who is currently on a rampage on the Economic and Emerging Technology Landscape. Melon has made a lot of people angry with his wavery mind, fickle attitude and unrealistic plans. People from around are now seeking revenge on Melon. Melon has created mini melons and distributed himself amongst various universes. Now people have picked up the Baton and are hunting Melon across these universes (MiniGames). People would be able to create their own Avatars of Melons across the world and space and even host them up on the NFT Marketplace for Auction, Bid or Sale.

With the initially disclosed roadmap being till Q2 of 2022, it seems the Project is planning an extensive penetrative strategy with what seems like an almost fair public sale of 10Bn Melons from which only 5Bn will be released initially at USD 0.05 launch price with the sale starting on Bitmart and XT soon. Seems like a very interesting approach to the world of real-world NFTs. Definitely worth putting it on the best projects to watch out for in 2022.

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Business

Why NFTs Are Creating So Many Millionaires

Investors often overlook NFTs because they’re still in the early stages of development and growth.

But investors shouldn’t let the market’s infancy scare them away from investing in these emerging digital assets.

NFT stands for Non-Fungible Token, which means you cannot divide them into smaller units like fungible tokens (e.g., Bitcoin or Ethereum).

NFTs can represent any tradeable item, such as artwork, rare collectibles, and in-game items like virtual and in a metaverse game.

But some savvy investors have embraced the NFT sector to capitalize on their growing popularity.

“I got an NFT for free that’s now worth six figures just by following the right social media accounts,” investor Tom Harri says.

Tom’s cousin, Mike Harri, also got into NFTs and has seen 10X returns on many of his 2021 investments.

The Michigan-raised cousins published a book, The NFT Bible, and launched Pit Crew, a dog-inspired NFT collection, with their combined expertise.

But their tale is just a small sample of the enormous earnings people are making from trading NFTs. It’s not unusual to hear stories like this next one.

In June 2021, Kevin Rose bought a Fidenzas NFT for 1 ETH ($2,400 then). Two months later, he listed it for a staggering 777 ETH ($2.5M). He didn’t think he’d sell it for that much or as quickly as he did.

When he checked his OpenSea account the next day, someone purchased the collectible without a counteroffer.

Kevin Rose became an instant millionaire overnight.

Hedge Funds Stepping In

Hedge funds pose the biggest threat to investors who get in too late.

Once hedge funds enter this emerging space, they’ll use their extensive knowledge, resources, and market analysis to take advantage of novice investors.

Experts in the financial sector believe hedge funds will influence the NFT market by purchasing entire collections and then re-listing them for a large markup to generate hype. As a result, more investors will flock to the collections, anxious about missing out on the moneymaking opportunity.

But this isn’t the only tactic they could use. Another trading method, although unethical, is wash trading.

Wash trading is the practice of moving an asset secretly between the same individual or financial institution. It appears as if a new owner gained control of the item when, in reality, it never left their portfolio. This technique gets repeated numerous times to boost trade volume and value.

All while keeping the NFTs in the hedge fund’s portfolio until they sell it to fresh buyers for maximum profit.

There are 2,100x more Bitcoins than there are Bored Apes

Scarcity and NFT Art

A tradable asset’s scarcity makes it more valuable. And NFTs are some of the scarcest assets in history, because of their limited supply and liquidity.

“Scarcity is what drives up an NFT’s value. Many collections have ten thousand pieces. Sometimes much less,” Mike Harri, The NFT Bible co-author explains.

Compare this to Bitcoin. Only 21 million bitcoins will ever exist. People don’t care which bitcoin they own. Because one bitcoin still holds the same value as any other.

But the NFT marketplace is the opposite because each NFT has unique attributes that set it apart from another.

And when hedge funds leverage this scarcity and their skilled trading practices, they can manipulate NFT market prices.

To avoid this misfortune, investors should get into NFTs before the hedge funds do.

Do you want to learn more about NFT investing?

As a special gift to our loyal readers, we’ve arranged for you to receive your no-strings-attached copy of The NFT Bible ebook. A practical NFT guide full of everything you need to know about spotting scams, finding the best NFTs, and how to sell them for a profit.

Users can get the NFT Bible Copy From: https://blokstreet.com/nft-bible

Categories
Business

Meta Tycoon Introduces Its Collection of NFTs For The Metaverse World

Meta Tycoon team is very pleased to announce the launch its NFTs. Meta Tycoon is a collection of 9,999 NFT’s, the design of which stems from a unique selection of streetwear clothing, hairstyles and backgrounds. 

Meta Tycoon NFT holders co-own plots of land in the Metaverse (diversified portfolio – such as Decentraland, Sandbox, Somnium Space, and many more). Users can generate revenue as well through it in USDT.

The Unique Concept

The Meta Tycoon Team developed a business model in which their NFT holders will be able to generate revenue through real estate investments in the Metaverse. Holders will be able to achieve wealth accumulation in both real life and virtually, getting the best of both worlds.

Meta Tycoon Land Parcels

Since Land parcels in the metaverse continue to grow less affordable, and most people do not know how to manage the land, the Meta Tycoon Team mapped out & developed a solution. The project presents users with an opportunity to own a diversified land parcels portfolio.

The Meta Tycoon Team have already acquired land parcels, mainly in Sandbox, Decentraland, Somnium Space, and NFT Worlds. With land parcels near to Snoop Dogg, DJ Steve Aoki, The Walking Dead, Phantabear, Mega City, Alibaba (SCMP) and many more.

Meta Tycoon is also available to mint, the team is confident their model will be the stand out in the Metaverse.

OpenSea: https://opensea.io/collection/metatycoon

Twitter: https://twitter.com/metatycoonnft

Discord: https://discord.gg/5DztJhufyT

Website: https://meta-tycoon.club/