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What are the current real-world applications of membership-based non-governmental organizations (NFTs)?MadCanner membership

When most people think of NFT, they think of extremely expensive digital artwork or tradable items in P2E games. However, clubs, businesses, and creators are infusing NFTs with a brand new application: membership NFTs.https://discord.com/invite/Wduk7zNjPM

An NFT is a term that refers to the ownership of a scarce asset that is stored on the Internet, typically a non-physical asset that is stored on a public chain such as Ether, Cardano, or Solana. The term “asset” refers to a variety of different types of objects, ranging from conceptual artifacts to virtual plots. Owners can more easily transfer and authenticate assets by pass-through-ifying them.MadCanner membership

Additionally, people are already utilizing NFTs as badges that must be purchased and presented in order to gain access to certain social channels. As of early 2022, the most well-known social club to discontinue membership would be Friends with Benefits, as reported in March by the New York Times. It describes itself as “a community of Web 3.0 thinkers, builders, creators, and like-minded individuals.” It currently has a membership of over 3,000.

Although the community is primarily active on Discord, some members also organize in-person events. It is a decentralized autonomous organization (DAO), which means that all of its actions are decided by its members. Having five FWB passes entitles you to participate in some local events, while having seventy-five FWB passes entitles you to global access and voting rights in the DAO. Passes can be exchanged via the Friends with Benefits website (which utilizes the Uniswap protocol). However, you must still be approved by the club’s existing membership committee before becoming a full member, which lends the club an air of exclusivity.MadCanner membership

Maxwell Tribeca, an NFT social club, is more akin to a traditional brick-and-mortar membership club. According to Bloomberg, it will offer members an 8,000-square-foot space modeled after a Basque eating club at 135 Watts Street in New York City. You can store your own alcohol there with a membership. You can stock up on supplies and drink on the go, without having to wait in line at the bar.

Additionally, the media has drawn attention to an upcoming restaurant in New York City that will be restricted to certain NFT holders. The Flyfish Club was founded in collaboration with serial entrepreneur Gary Vaynerchuk and is scheduled to open in 2023.MadCanner membership

It has two membership levels: a basic membership grants access to the main restaurant, while the more expensive NFT membership grants access to the omakase room (which offers diners specially curated, high-end Japanese cuisine by the chef). Due to the fact that both types of Flyfish NFTs are now sold out, memberships must be purchased via the NFT Marketplace. The base models were initially sold for 2.5 ETH each, but as of mid-April 2022, people on OpenSea, the NFT marketplace, can no longer purchase NFTs for less than 3.5 ETH.

Therefore, why has the club previously prohibited membership trading? One reason could be that verifying a membership’s authenticity is time consuming, and that membership may change hands several times before reaching the ultimate presenters. As a result, the club felt safer maintaining a direct relationship with each member. And, to this day, NFT has become a credential for displaying this behavior, particularly when the ownership is unquestionably authentic. Historically, some VIP clubs may have attempted to ascertain their members’ identities in order to avoid the inclusion of undesirable audiences. These conventions may be eroding these days.MadCanner membership

The key to NFT is its uniqueness, which makes it the ideal tool for people who want to commemorate something special. For instance, NFT can be used to determine who has access to particular online services. In other words, it operates in a manner very similar to an online membership card. Not to mention, because NFT is stored on the blockchain, its ease of verification ensures that memberships cannot be forged or copied.

For the club, the most immediate benefit of an NFT membership is the time and effort saved by members. Members of a physical club are not required to recall their membership card or wait for staff to verify their identity. Members do not need to remember any login information when shopping online.

The use of NFT for membership can be used in place of the traditional password model. The majority of us are required to create unique passwords in order to access various online services, which complicates the user experience. With the added security of a crypto wallet, all you have to do is link your wallet, and the club or online service will automatically detect whether you have the appropriate pass. Indeed, membership in NFT entitles you to unrestricted access to discounted services.MadCanner membership

Another advantage of the NFT membership model is that issuers can determine the exact value of a member based on the pass’s trading price. Rather than issuing a new membership NFT and determining the optimal price, it is preferable to supply it at the current market price. If there is renewed interest in that NFT, the trading price will rise. Naturally, if the publisher so desires, they may also earn royalty income by deducting a percentage from resales. As a result, they can earn a sizable profit from NFTs that have already been sold and are still hot, without even issuing new memberships.https://discord.com/invite/Wduk7zNjPM

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Apart from mega whales, what other types of NFT holders dive to the ocean’s depths? MadCanner NFT holders

A mega-whale is a cryptocurrency market term that refers to an object that stores a large number of unique tokens belonging to individuals, institutions, and exchanges. For instance, when discussing Bitcoin, a mega whale is generally defined as an account that holds 1,000 or more Bitcoins. Among the notable mega whales are MicroStrategy, Pantera Capital, and Fortress Investment Group.https://discord.com/invite/Wduk7zNjPM

A NFT mega whale, in a broader sense, is an address with a position greater than $1 million. Not only are the whales profitable, but they also have an influence on how investors trade in the market.

The number of NFT holders and “NFT whales” continues to grow as the NFT market experiences volatility in 2022. For instance, on October 2, 2021, there were 647 whales with NFT positions greater than $1 million; today, there are 1,254 whales. That is nearly a doubling of the previous six months’ total. The whales now own more than $5 billion in assets, accounting for 26.68 percent of the global market cap of $19.2 billion.

How is an NFT whale defined?

Due to the NFT market’s uniqueness, it has its own model for defining a giant whale, in contrast to the giant whale model for homogenized tokens. In the broadest sense, a “mega whale” investor is one who possesses significant NFT purchasing power and has generated significant profits.

Mega whales are typically characterized by the following characteristics.

Influence: considerable Assets: considerable Beliefs: considerable Expected profit: considerable Holding period: considerable

Why should you monitor the NFT Giant Whale trade?MadCanner NFT holders

On the one hand, the giant whales’ reputation and capital are highly influential. By replicating trades on well-known giant whales, you can improve your investment timing and opportunities, as well as stay current on market trends. The price is likely to fall if the giant whales begin to sell off (at or below the floor price Listing). If the listing price of some giant whales exceeds the market high, this indicates a bullish trend for that particular NFT project.

On the other hand, sharp market movements are typically associated with the market’s liquidity — specifically, market depth and spreads. When a giant whale accumulates a large number of NFTs in a single Collection, this can exacerbate market volatility. As a result, we must also examine which megahalers exist, how many shares they own, and their impact on the market through large-scale trading.

Essentially, giant whales initiate a chain reaction that affects the investments of other investors in the same Collection. You can track large NFT holdings via the NFTGo.io Mega Whale Tracker or by subscribing to Mega Whale alerts in Discord.

Double-edged sword

The double-edged effect of the giant whale’s presence is that it influences the market in two primary ways: buying and selling.

One is purchasing. Certain mega whales will have a strong belief in the value of good projects and will make bottom-floor acquisitions to protect their trusted investments when certain projects or market values decline. Additionally, a project’s price spike is frequently correlated with the purchase of a large number of giant whales. It is necessary to keep in mind, however, that some of these whales increase the price of a Collection by sweeping up the floor in large numbers (some of these trades may involve Wash Trading). At this point, individuals experience FOMO and enter at the peak of market sentiment, at which point mega whales may sell some of their NFTs to profit.

To begin, the giant whales are sold. If there is sufficient information, the whales may repurchase at lower prices. Additionally, the giant whales may take positions based on gossip. It is critical to monitor the whales.

Distribution of Holders of NFTs

The giant whale’s role in the ocean is to swallow small fish and cause surface fluctuations through a series of actions such as sweeping the floor; therefore, what other types of traders are there in the ocean of NFT?MadCanner NFT holders

HODLer- MadCanner Characteristics: We use the term MadCanner to refer to individuals who have a working knowledge of the market; they are frequently some OG, project HODLer who are adamant about their own judgment and the industry’s future (hard shell, courage to walk across the river).

Long-term holders frequently support specific projects while also preaching and educating on the internet and communicating and discussing with one another. They are less concerned with the market’s near-term sentiment and instead focus on the long term. They acquire NFT assets that will either appreciate or depreciate in value over time. However, even if the market value decreases, they do not immediately sell. This requires some patience, self-discipline, and bravery, as well as a strong belief in the industry. There is no such thing as “selling” for these types of participants. Rather than that, they have the option of purchasing or not purchasing at this time.

Influence: Excessive Assets: Excessive NFT Beliefs: Strong

Profitability is anticipated to be moderately high.

Long Flipper — Shark Traits: This type of trader is extremely profit-driven and is constantly on the lookout for projects that promise quick profits, much like a shark that is constantly on the lookout for the smell of blood. Their relatively quick in-and-out trading pattern limits their volume (HoldingValue) to a fraction of that of a giant whale, and they are frequently “aggressive” (very active) in their projects, battling for whitelists, public sales, and other opportunities.

Flippers are constantly aware of short-term market movements, the Gas cost of real-time transactions, and the current state of the whitelist. Cost and profit are calculated, and quick decisions are made under duress. While there will be times when selling flies will be difficult, they can still count on the security of a guaranteed income.

Change in Assets: Moderate NFT Belief: Minimal Expected Profit: Moderate Low Holding period: Shrimp is a newcomer with a short holding period. Shrimp is a colloquial term for a newcomer to the NFT market.

Will fluctuate in response to market movements, actively seeking advice and opinions from the other traders mentioned previously. Wrapped up in market sentiment and other factors, trading behavior lacks initiative and is prone to chasing highs, FOMO, and other negative emotions.

Small Assets: Small NFT Belief: Minimal Expected profit: Minimal Holding period: Moderate

Collector — Octopus Characteristics: Octopus enjoys collecting shells to construct forts. As with the octopus, the collector group is drawn to collectibles of high artistic value and is frequently a member of a group with considerable purchasing power.

They purchase NFT primarily to collect rather than to profit immediately, but also to communicate with the creator, to comprehend the creator and the work’s value, and to consider the message contained within the image, as well as its connotation and story. They are more interested in the artistic value than in the value-added space.MadCanner NFT holders

Influence: moderately strong Assets: substantial NFT Beliefs: Moderate Profitability is expected to be moderately high.

Holding period: protracted

Gambler- Shells

Characteristics: extremely unique NFT investment logic group, enjoys collecting images of dogs or popular projects’ imitation plate type small images, is a meme wind follower, the cost is very low, and bets on market sentiment. However, they will eventually discover that their harvest consists of either pearls or empty shells. They may not believe in the long-term viability of NFT, but will succumb to the FOMO sentiment All in.

When such participants enter for decision-making, they are less likely to care about the project roadmap, project ecology, value estimation, and airdrop outlook; meme attributes and innovation discovery will be the loudest punchline.

Impact: Minimal

Medium-sized assets

Low level of belief in NFT

Profitability is expected to be high. Holding period is expected to be brief.

Penguin — Gamer

Penguins spend the majority of their time on land and only a small amount of time at sea. These individuals are primarily GameFi participants, but have become NFT Holders as a result of the combination of GameFi and NFT. On the one hand, they hold NFT tickets primarily for the GameFi project, and the timing of their entry and sale is determined by the GameFi project’s economic model and daily user changes. They are stationed in the remote Antarctic, where fluctuations in the PFP ocean have no effect on the movement of these players’ NFT collection.

NFTs are preferred as pawns to be pledged for GameFi projects by this type of trader. Once the pawns choose to pledge and navigate to the project’s pledge address, an empty OS homepage has no effect on their unique money-making mindset, and indeed, an empty homepage may be what maximizes revenue under this type of trader’s logic.

Impact: Minimal

Medium-sized assets

NFT Belief: Minimal

Profitability is expected to be moderate.

Holding period: moderately long

The various category ratios will establish the community’s tone.

Many people have multiple trading styles, and when deciding between different types of traders, it is critical to consider your financial situation, risk tolerance, and long-term goals.

As @mentalist420 points out.

“There are two types of collectors: investors and collectors.”MadCanner NFT holders

The percentage of various types in a project will have an effect on the project’s after-market direction. Consider that if more than 80% of a project’s investors are speculative, the project will almost certainly fail to materialize following the market hype. However, if the majority of the project’s participants are HODLers, the project may thrive. This is also a source of inspiration for the developers of NFT.https://discord.com/invite/Wduk7zNjPM

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Are you still MadCanner pining for riches? Deciphering the NFT field’s “black box”

Entering the NFT space is akin to entering the eye of a hurricane.https://discord.com/invite/Wduk7zNjPM

DeFi, encryption, Web3, and a slew of other acronyms are being tossed around incessantly.

To compound matters, unsuspecting scammers are capitalizing on these new developments, and stealing secret keys, wallet-robbing fake websites, and phishing links, among other things, are significant barriers to crypto adoption.MadCanner pining

Having said that, there is no doubt that NFTs have developed into an emerging medium capable of becoming a global phenomenon (if they haven’t already).

The majority of NFT initiatives involve crowdsourcing or investing in new assets such as real estate, trading cards, luxury handbags, and wine. As an investor in a venture capital firm (Intudo Ventures), I’ll compare the traditional world of finance to the virtual world in order to demonstrate a risk-free entry point into NFT investing.

Which type of investor are you aspiring to be?

The cryptocurrency and distributed ledger technology (DLT) space is appealing because it eliminates the barriers that have historically prevented retail investors from trading.

The most frequently asked question is: Do you want to be a short term speculator (a day trader who buys and sells NFT on the same day)?

If you answered yes, the media is awash with statistics about successful NFT short term traders who overnight became millionaires by joining the whitelist + secondary sales. However, this is the section that is frequently overlooked.

Being whitelisted is not a simple process. Whitelisting ensures that you receive NFT at the casting price for the program, which is frequently a perk for early backers and active community members. Unless you’re fortunate enough to win a giveaway, the typical approach is to spend a significant amount of time on Discord, either maintaining the conversation or inviting new members. In some instances, individuals will pay to have their Discord campaigns outsourced in order to whitelist highly publicized NFT projects.

The “cast a wide net and pray” investment strategy is typically applicable only to those with substantial capital, which is not the case for the majority of average investors. As a short-term operator, it may not be prudent to become involved in the community surrounding each project, as time is of the essence. Similar to investing in startups, if the only value you can provide is capital, the likelihood of failure increases significantly; investors who employ this strategy rely on luck to “win the lottery” to offset portfolio losses.MadCanner pining

If you wish to become a full-time day trader, consider the amount of time and research necessary to earn a profit or become wealthy overnight.

“Attached” to your collection

If the answer is no, NFT is a game changer for trading purchases and gaining access to highly sought-after investment opportunities. In essence, you are investing in a long-term business in a manner similar to that of a venture capitalist.

Historically, venture capital firms have raised capital from high-net-worth individuals or institutions and invested it in early-stage companies. This entails purchasing shares and nurturing them to maturity, which typically takes between eight and ten years. However, with NFT, the creator network has expanded beyond their immediate circle of friends and acquaintances to include Discord, Twitter, and the NFT marketplace; anyone can invest in the project by casting or purchasing secondary assets.

Similar to crowdsourcing a funding round, casting a project is similar to crowdsourcing a project. The ultimate goal, from the creator’s perspective, is to raise money.

The issue for investors is how to sort through the noise.MadCanner pining

When it comes to purchasing, answers frequently include community, art, and roadmaps. These initiatives, however, will fail in the absence of a strong founder or team. When compared to early stage startups, the team is the most important factor, as they are the visionaries, inspire morale, and rally internal and external stakeholders. If the team wishes to remain anonymous, reassess your risk tolerance and the relative importance of the product and team.

Consider NFT’s Discord channel as a data center, with information about the due diligence process contained within. You’ll receive product market fit and customer service, rather than financial and operational plans. How well the team handles spammers/water warriors, de-escalates conflicts, and executes the roadmap plan on the fly before becoming famous is critical to NFT’s success.

Patience is critical when pursuing this investment strategy. Providing yourself with a longer timeline enables you to grow alongside the project and increase your equity value.

This brings us to the next point — portfolio management.

Is It True That Less Is More When It Comes to Investing?

Fear of missing out (FOMO) is a significant driver in the non-financial technology (NFT) space; what if the project that slips by is the next big thing?

However, once you overcome your fixation with the floor price, you may discover that you can have a positive effect on your project’s growth. Similar to a Series A or B round for a startup, it would send a very bad signal to all future investors if your seed round investors attempted to cash out immediately.

A preferred investment thesis is to maintain an active and highly interactive portfolio management style through the use of a focused portfolio approach. This is accomplished by devoting as much time as possible to growing the NFT program through product recommendations, participation in roadmap projects, and member education.

Intuitively, the greater the number of loyal members, the stronger the program’s bargaining power. A successful NFT roadmap enables the recruitment and monetization of new members.

The Bored Ape Yacht Club (BAYC) has pulled off one of the greatest roadmap plays in history. BAYC’s creators were able to provide NFT holders with new revenue streams via resale or intellectual property. By allowing the original BAYC NFT owner to “adopt” a dog-like NFT that resembles their BAYC avatar and create a free digital serum of a mutated version of their avatar, the original BAYC NFT owner can earn two additional NFTs for holding. Along with the music, coffee, and merchandise brands developed by several BAYC members through the use of their avatars, a new perspective on how we approach creativity emerged.MadCanner pining

Room of the Author

Jenkins the Valet from BAYC #1798 founded Writer’s Room with the goal of developing a decentralized content creation media company. Following the success of Jenkins The Valet’s intellectual property, the team developed a platform that gives Writer’s Room NFT holders access to the same resources, including licensing characters to professional writers, collaborating with content creators across platforms, voting on creative direction, and collecting royalties.

With intellectual property (IP) at its core, Writer’s Room elevates IP to a level that only Web3 companies can achieve; through the use of two decentralized autonomous organizations (DAOs), Writer’s Room provides an infrastructure that enables members to collaborate, develop, market, and ultimately generate cryptographic native IP. Because creators and audiences are no longer mutually exclusive and can collaborate on the production and enjoyment of work they care about, you can diversify your portfolio without taking on new projects.

While NFT may appear to be a daunting and strange concept at first glance, real-world examples can be used to refute those who oppose it. Similar to investing in early stage startups, the cost of equity is a trade-off between years of historical performance; for example, investing in a company costs less than attempting to acquire a Fortune 500 company as a reward for early backers.MadCanner pining

As with all revolutionary movements, NFT faces unique challenges, particularly in education, and this article is dedicated exclusively to those newcomers who are curious and eager to explore the world of NFT.https://discord.com/invite/Wduk7zNjPM

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The NFT market is approaching zero or tenfold. Which NFTs are worthwhile purchasing?MadCanner floor price

What exactly is NFT?https://discord.com/invite/Wduk7zNjPM

NFT is a non-homogenized token and digital currency that can be purchased cheaply and sold for a profit, or viewed as a digital collectible with the expectation of a higher return over time.

NFT is significantly different in terms of purchasing platform and liquidity; additionally, NFT transactions require demand from both buyers and sellers, and there is no uniform price for NFT, only a market reference price.

In the long run, NFT may serve as a web3.0 identity ID, a pass to a particular community, for example, holding a boring ape. BAYC may be classified as an early NFT player with a larger portfolio of digital assets; those who own Reddit Azuki may be more sensitive to the NFT market, but also more adventurous and fortunate.MadCanner floor price

With a floor price of 0.2–1 ETH, NFT is a non-fungible token.

What is the rationale behind the acquisition of NFTs?

In the short term, it’s about acquiring an NFT that has the potential to rise and not crash to zero. Select a potential NFT on the NFT trading platform, buy at a discount, and sell at the correct price.

Many people are perplexed as to why NFT will increase so dramatically, such as this blogger who purchased Doodles Doodles in October at 0.86E and sold it today at 19E for a profit of 18 ETH in 170 days, a 21x profit.

It cost more than $2,800 to purchase last year, and how many people would have invested that much money in a photograph in the 1990s? The market represents such an opportunity, but only a few people take advantage of it.

Graffiti NFT that was created 21 times over the course of six months

Which NFTs are worthwhile investing in?MadCanner floor price

The market is dominated by NFT, with someone involved in the 600 NFT project whitelist casting, but 90% broke; we hear of NFT that have been repeated tens of times, are already out of the circle, with a large number of zeroed behind them.

There are liver whitelist energy companies that can go to the NFT debut, risk breakage, and figure out how to find early projects; they can also find the right opportunity in the NFT that has passed several rounds of market screening.

These enduring, time-tested NFTs that have grown more significantly may also be historical highs or have more upside potential.

NFTs in the fields of art and design

What are the NFTs with tens of ETH floor prices?

Cryptopunk and Bored Ape are the market leaders in the entire NFT market.

There is no floor price for crypto-punk, and cumulative volume exceeds 88 million ETH. If an offer is made and the holder accepts the price, it may be a deal; if your wallet permits, holding a crypto-punk NFT is also a status symbol.

NFTs for Cryptopunks and Bored Apes

Boredom Ape BAYC’s current floor price is 111ETH, and the combined turnover of Boredom Ape and Mutation Ape exceeds 78w ETH. APE tokens were airdropped to all holders some time ago, and each NFT probably harvested nearly $15 million in token rewards, tangible rewards for NFT holders.

If you can afford to purchase a monkey, there may be plenty of room in the future, as YUGA Labs and apparently many marketing strategies may introduce additional surprises.

There are also some floor prices in the tens of ETH NFT project, which is not too far out of the realm of possibility, and the artistic and collectible value of the series can also be applied to the following.

Several ETH NFTs have a floor price.

Which NFTs have a floor price of a few dozen or twenty ETH?

The current floor price of Red bean Azuki is 27 ETH; last week, holders received an airdrop of NFT; the current market price is 5.8 ETH; however, this is also a feast for the NFT market.

The current temperature is extremely high; however, if you’re on a budget, you can also consider Azuki; although the price has increased, if the reference boring ape is also the future, it’s possible.MadCanner floor price

27eth Azuki series NFT floor price

Although Doodle Doodle and Murakami Takashi Clone are not as hot as Azuki, their floor price reflects their popularity.

Doodle’s floor price is 16ETH, with a cumulative transaction volume of 10w ETH and a focus on social media interaction. It went live in October with a casting price of 0.123ETH, a 130-fold increase.

Takashi Murakami’s NFT floor price is 19ETH, and the total transaction volume is 16w ETH. Takashi Murakami is a well-known Japanese artist who recently had a solo exhibition at Paris’s Palace of Versailles. Murakami Takashi NFT may also be a good bid due to the artist’s identity, team operation, and market heat.

NFT Takashi Murakami and Graffiti Series Takashi Murakami

What are the NFTs with a 5–10ETH floor price?

NFT worlds, Cool Cats NFT, World of Women, Invisible Friends, and CyberBrokers are all examples of NFTs with a floor price of 5–10ETH.

NFTs with a minimum purchase price of 5–10ETH

What are the NFTs that have a floor price of between 1 and 5 ETH?

Meetibs, Mfers, Karafuru, pudgy penguins, and 3Landers are all examples of NFTs with a floor price of 1–5ETH. NFTs in this price range are more stable, have a larger market share, and have the potential to develop into blue chip NFTs.

This segment of the NFT typically has a big brother with the goods and a relatively broad range, indicating that the earlier NFT players, who continue to interact and discuss, are likely to further accelerate development.

NFT with a price floor of 1–5 ETH

What are the non-volatile assets (NFTs) with a floor price of 0.2–1ETH?MadCanner floor price

NFT in this price range has a greater chance of rising or falling to zero, creating greater uncertainty. It would be extremely fortunate to come across one that has potential, is growing, and also has a relatively significant increase.

This range of NFTs can also be quite narrow; you can trade frequency, volume, Twitter followers, social media discussion heat, and the NFT of a big brother wallet, among other metrics, to arrive at a conclusion.

The input is quite small, but it is critical for the development of the entire NFT progression.

NFT with a floor price of between 0.1 and 1 ETH

These are grouped according to the current NFT market price; the source is opensea; if you can directly access os, it’s easier to see changes in data, as well as the introduction of each NFT and floor price fluctuation curve.MadCanner floor price

If you do not understand the NFT, do not invest; if you want to invest in it, you can first look at the market has been a certain degree of heat, in the continuous change of fluctuations in the NFT, and then, depending on the strength of your wallet, choose a particular NFT, perhaps benefit from it or participate in the return to zero.

The preceding are merely my personal opinions and summary; they do not constitute investment advice, and the reader’s investment behavior has nothing to do with the author.

I’m Hatsumomo Chain, and I’m currently learning about blockchain technology, as well as meta-universe and NFT.https://discord.com/invite/Wduk7zNjPM