Blockchain Blog — future
Big Daddy Ape Club scammed would-be investors out of 9,136 SOL
Posted by Micah Balazs on
Civic now says it’s working with law enforcement to track down those responsible for the scam. Big Daddy Ape Club was billed as a collection of 2222 ape themed NFTs to be minted on the Solana blockchain and listed on the Solana NFT marketplace. But it turned out to be a classic "rug pull", a type of exit scam that is all too common in crypto in which developers suddenly leave a project and disappear with investors’ money.
Sega has registered a trademark for the term “Sega NFT” in Japan.
Posted by Micah Balazs on
Earlier this month, Konami announced that it would be auctioning off a Konami Memorial NFT Collection, featuring 14 unique artworks from the classic video game series Castlevania, celebrating its 35th anniversary.
Is Solana a leader in the market?
Posted by Micah Balazs on
There are currently over 400 projects that have joined Solana's network. All of this growth has helped drive the price of sol up more than 4,000% over the past year. But that ultimately leaves room for Solana and other scalable block chains to chip away at Ethereum's market share.
How to Mint NFTs the Right Way
Posted by Micah Balazs on
Minting is the computer process of creating a new NFT in the blockchain. Users especially mint NFTs of new and upcoming projects. When they mint NFTs, they become the first owner of the digital asset. The new project releases its NFTs for the first time for the public. In most scenarios, participants in the minting process do not choose the digital art they are buying. Every digital asset has the same price. Normally, the cost of NFTs is lower during the minting process, than during the normal sales period. Mostly, NFT companies use minting as an opportunity to raise initial...
NFT Collectibles: What are they?
Posted by Micah Balazs on
"Collectible" NFTs can be similar to digital collectibles, but there is a fine line between collectibles and the art segment.