Rug pulls have made headlines since the 2021 NFT boom, with investors losing over $25 billion as of November 2022. These headlines have sparked fear among investors, who are now skeptical when it comes to new NFT projects. The likelihood of a rug pull, or a scam in which a cryptocurrency or NFT team exits …
Doodles is a collection of 10,000 PFP (profile-picture) NFTs featuring art by Burnt Toast. Burnt Toast is the artist name of Scott Martin, a Canadian–based illustrator, designer, animator, and muralist. Minted on October 17th, 2021, Doodles come in a wide range of colors, sizes, and traits, with each owner having the right to vote for …
NFT rarity refers to how common a particular NFT is within a collection; typically, the rarer the NFT in a sought-after collection, the higher the pricetag. But how exactly does NFT rarity work? When an NFT is minted, it has unique properties, also known as traits, that cannot change. Although NFTs can share a trait, …
A permanent NFT storage combines blockchains and InterPlanetary File System (IPFS) designed to create a secure place to hold NFTs. Throughout 2021 NFTs (non-fungible tokens) became popular assets, with projects such as Bored Ape Yacht Club (BAYC) and Cryptopunks making headlines for their large price tags. At the same time, NFT scams and theft also …
A POAP (Proof of Attendance Protocol) is a unique NFT badge given to an attendee of a real-world or virtual cryptocurrency event. Pronounced “poh-ap,” POAPs are used by crypto enthusiasts to record their experiences in the crypto space. They’re created as ERC-721 tokens (standard for NFTs) and must meet specific criteria to be classed as a POAP. …
What is a POAP? How POAPs Influence Digital Identity Read More »
