Tag: nft

Combining NFTs in the Metaverse: EIP-4883

This post will dig into EIP 4883, the ethereum improvement proposal for the .SVG NFT standard.

Why is EIP 4883 relevant?

EIP-4883 defines an NFT standard that enables items to be combined in unique ways.

This ability to combine various NFT items / objects is a small step forward for having an interoperable internet, a critical feature of the future of the web3-enabled internet.

fellowship of ethereum magicians EIP 4883 for SVG NFTs
ethereum-magicians.org

To understand what this means, let’s start with video games.

Think about some of the classic / favorite video games….

  • Halo
  • Super Mario 64
  • Super Smash Bros
  • Tony hawk 
  • Call of duty

As loved as all these characters are, why can’t all these characters play together in one game?

if video games were interoperable

Isn’t it unfortunate that these games are not able to be combined in some way where you could use a weapon from Super Smash Bros in Fortnite and vice versa?

Today’s video games were not built to be interoperable.

Fortnite, for example, is closed off to users without Epic Games accounts. 

Similarly, Nintendo games were not built to be played on Playstation or Xbox and vice-versa.

Also, IP rights need to be taken into account as not all games would want to participate in bridged gaming or open metaverse.

What would be possible if video games were interoperable?

Imagine a metaverse where all items in the game exist as unique NFTs, however, all of these items are modularized, where any given item can be combined with any other item.

Imagine playing a tony-hawk pro skater type game in the metaverse…

Imagine if you could bring Bowser from Super Mario 64 over to Tony Hawk’s pro skater game and ride around and do skate tricks as bowser.

Or, sell a skateboard from Tony Hawk as an NFT that can be used in any other game.

SVG-like items such as skateboards would allow users to play with specific NFTs of different characters.

So, I could move a skateboard NFT that I own over to a Mario game for example, and ride around on a tony hawk pro skater 4 skateboard inside super mario 64.

This would be so much fun, if only video games were interoperable.

Interoperability – Why is it important for the internet?

As we think about future of the internet, specifically the 3D version of the internet or the metaverse, making sure everything is interoperable will become more important.

Interoperability is extremely important for the internet, and valuable across a number of apps and use case. 

For example, imagine if EMAIL (electronic mail) was not interoperable, the way video games today are not.

This would mean that you couldn’t send an email from Outlook to someone with a @Gmail.com or @yahoo.com email address.

This would make electronic communication on the internet extremely inconvenient, and we wouldn’t easily be able to communicate with people from different organizations, or companies.

Fortunately, the internet mail standards such as SMTP or communication protocols like TCP/IP are open and cross-compatible with everything else.

EIP 4883 helps enable interoperability between NFTs

So, in the spirit of enabling interoperability, composability, compatibility in web3 and NFTs, which is central to the web3 Ethos, let’s dive into EIP 4883, for Scalable Vector Graphics NFTs.

EIP 4883 is for the composable SVG (file format) NFTs which will make any NFT asset able to be combined with others.

According to the description from the EIPs website, the goal of EIP-4883 is to allow you to:

“compose an SVG NFT by concatenating the SVG with the rendered SVG of another NFT.”

  • Concatenate means to link (things) together in a chain or series. For example:
    • combining one item or object with another.
    • adding / removing sunglasses from a profile pic NFT
  • What is SVG? → SVG stands for “scalable vector graphics”, referring to a .svg file.
    • the .svg file format is an XML-based vector image format for defining two-dimensional graphics, supporting interactivity and animation.
    • this enables resolution independent images and items.
    • Its important to note that at some point, it will be important that we will be able concatenate 3D file formats as well.
      • I could certainly see a future EIP for concatenating rendered .obj or .fbx files, which are supported by the Unity game engine for example.
future EIP proposal should include 3d images.
fileinfo.com

EIP 4883 seeks to apply the SVG file format to NFTs… allowing SVG NFTs to be rendered in the foreground or a background of an image or metaverse type experience as required. 

This NFT standard would mean all NFTs that use it are composable, so on-chain SVG NFTs can be combined with others.

The SVG NFT is able to be re-sized and scale to the right size as needed. e.g. adding glasses & hat NFTs to a profile pic NFT or a fish NFT to a fish tank NFT.

What does EIP-4883 enable NFT owners?

NFT owners of specific rare traits and accessories could then sell these types of accessories to NFT owners from other collections. 

optipunk items could be broken down into separate NFTs

What if I could split each accessory or attribute apart, and then list just the glasses or the hat while keeping my Punk? 

For example, an Optipunk’s glasses + hat could be split apart from the main NFT, and stored on-chain as associated but distinctly separate NFTs on their own.

These glasses and hat NFTs could then be sold or transferred to someone else, or another profile picture NFT, for example, to a Optichad. 

Essentially, then that other NFT PFP can wear the glasses and the hat:

items could be worn by any other profile pic NFT.

This would mean accessories within web3 could be composable / transferred to someone that owns any other type of NFT even outside the collection.

The SVG allows the item to be seamlessly re-sized in order to form-fit whatever type of character wants to wear it , or object that it needs to be combined with.

Extrapolating forward, it would be awesome if, for example, Fortnite skins that you own could be transferred to other games.

Optimism NFT project with transferrable items

One example of an NFT project that can help us think about the importance of transferability and interoperability is the Loogies, on the Optimism layer 2 network…

Optimistic Loogies or the Fancy Loogies on Quix, accessories can be added to your Loogie. Those accessories are essentially combinatorial, those are composable traits.

optimistic loogies NFT project.

It almost seems like this NFT project was built as a conceptual idea to illustrate the need for something like EIP – 4883. 

However, as of right now, you can’t leverage these assets in any other collection. Ideally we’d be able to trade these assets across any other given collection. 

EIP 4883 would enable you to combine these assets with other collections.

Listen to the podcast

If you want to learn more about crypto, NFTs, dapps, DAOs and more, please check out the latest episode of The Web3 Experience podcast:

How to save gas trading NFTs

If you have ever traded NFTs on Ethereum before, you know that gas fees can be quite expensive, often costing users $20-30 per transaction… and in some cases, much, much more.

THE GOOD NEWS is that once you know how send ETH or buy/sell an NFT on Eth Mainnet, switching over to Optimism is incredibly easy.

Save gas by using Optimism Layer 2 instead of Ethereum Mainnet

In this post, we’re going to compare typical transaction fees on the Ethereum Blockchain, and compare it to the Optimism Layer 2 network.

How Much are Ethereum main-net fees?

Most of us on Mainnet use Opensea or like X2Y2.io

Ethereum Mainnet fees are an order of magnitude (if not more) higher than on Optimism.

As you can see from the summary chart below, in these seven transactions alone, I would have saved over $257 if all of the transactions had occurred on Optimism instead of Mainnet ethereum.

summary of 7 transactions from each network where I paid the most gas. On optimism, I had 114 transactions. On Ethereum mainnet, 56.

Why are people paying such high gas fees when they don’t have to?

There are a few reasons people spend a lot of money on gas fees to use Ethereum Mainnet.

For one, Mainnet Ethereum is where the largest number of users live. Network effects incentivize users to stay on Layer 1 Eth, despite the high gas fees.

SOLUTION: What are the best alternatives to Ethereum Mainnet?

When you decide to purchase an NFT from a collection that leverages a layer 2 network like Optimism or Arbitrum, gas fees are going to be lower.

If you’re a developer / founder, you can even launch your own NFT collection on one of these networks.

My friend Fractal Visions has launched a different NFT project across a variety of networks — its great to see a founder like Fractal with a presence across so many different blockchains!

Fractal calls this “Omni Chain NFTs”, which I think is a great term for it.

What is Optimism Layer 2?

Optimism is a network runs on top of Ethereum, but compresses data so that smart contracts and transactions are cheaper and more efficient.

This means means you will end up paying lower gas fees, while your transactions are still secured by Ethereum.

Vitalik Buterin, who is the founder of Ethereum, has discussed Optimism and Optimistic rollups. in his blog post, from which an excerpt is below.

Vitalik, let me remind you, dropped out of college after receiving the Thiel Fellowship to build Ethereum, went on to successfully found Ethereum, was recently on the cover of Time Magazine, among many other impressive achievements.

source: time.com

The fact that he received the Thiel Fellowship is a big deal… in getting the Thiel Fellowship, he’s basically backed by Peter Thiel who founded Paypal… and given the Paypal Mafia, Vitalik has OG internet entrepreneurs behind him.

In his blog post, Vitalik goes on to say that “in the short term, optimistic rollups are likely to win out for general-purpose EVM computation”.

source: Vitalik.ca

More reasons that the Optimism Network deserves credit

OpenSea has listed the Optimism Goerli Testnet on their testnets website, which is certainly exciting to see.

Its hard to say what exactly this means for the network, however, it looks like OpenSea could be exploring some sort of future functionality with Optimism.

Getting Started on Optimism

If you’ve been using Ethereum Mainnet to buy and sell NFTs for a while, getting started with Optimism will be extremely easy.

The best part? You don’t need to switch wallets!

Optimism Network is embedded within Metamask already. 

Unlike moving over to Solana or Tezos where you need to use a different wallet provider, with OP, its already built on top of Ethereum, so any Ethereum wallet is usually compatible.

How to move funds from Layer 1 Ethereum to Layer 2

Moving funds from Eth Mainnet to Optimism is easy and you can bridge with HOP protocol for less than a dollar.

HOP provides an extremely easy and intuitive user experience to move ETH from Layer 1 to Layer 2.

app.hop.exchange

Top NFT Marketplace on Optimism – Quix

Let’s dig into the NFT marketplace on Optimism where you can buy NFTs. Now called Quix, the company formerly called Quixotic recently changed its name to shorter, more elegant, “Quix”.

Mark, the founder of Quix, joined the Web3 Experience podcast for episode 2. Listen here.

Of every NFT Marktplace I’ve used, I have to say, I think Quix provides the most intuitive and user friendly user experience.

According to DappRadar, Quix is the number 1 marketplace app on the Optimism network.

DappRadar has a few charts about Quix that are helpful to understand the growth of the platform and how usage, volume, and transactions have changed over the last few weeks / months.

Quix usage data from early 2022 through early September. Source: DappRadar

To use Quix, simply connect wallet the same way you would for any other dapp, and make sure you’re on the Optimism Network.

To learn how I use Quix to browse, search, and filter NFT collections and dig into statistics, please find the video below.

Overview of Quix starts at timestamp 11:28.

I really like how easy Quix makes it to stack filters within an NFT collection. This enables users to search for exactly what they want.

The ability to have multiple filter criteria selected at the same time helps you get super specific when shopping for NFTs.

Quix Launchpad

Quix enables people to create and launch their own NFTs on Optimism via the Quix Launchpad.

This can be done by non-technical users that don’t know how to code or write smart contracts.

The launchpad currently supports free to mint NFTs.

Seaport Protocol

Quix uses the Seaport Protocol, which is OpenSea’s back-end for NFT transactions.

The good news is that Seaport is an open-source and decentralized protocol to make buying and selling NFTs easier.

It certainly makes sense to re-use infrastructure components to avoid reinventing the wheel. I think its a great strategy for Quix to leverage Seaport.

L1 to L2 NFT Bridge

There have been talks about an NFT bridge that will enable anyone to bridge an NFT from Ethereum mainnet over to Optimism Layer 2.

Given that interoperability and composability are inherent to the web3 ethos, its certainly exciting to think about an NFT bridge across L1 to L2.

Making NFTs “Omni Chain” would not only mean that the ecosystem would be more inviting to new users, but also that it would expand to users that would never come over to it in the first place, because everything seamlessly works with other networks.

According to Dre in the Quix Discord, it looks like as of 8/17 the L1 – L2 NFT bridge is still in development.

source: Quix Discord server.

How would an L1 to L2 NFT bridge work?

Bridging NFTs from a layer 1 to a layer 2 would have a bit of an interesting architecture.

According the my friend FourPoops, “you lock up value on L1 in a random contract address and create a copy of that value on L2”.

Essentially, the blockchain would lock the contract on L1, and create a transferrable contract on L2, the owner of which would be the only one who has the ability to unlock the Layer 1 NFT.

FourPoops goes on to say that, “if we think about the real world art scene, people lock up the real assets in a vault and only display/transfer copies”…

This is a great comparison between blockchain based art and real-world art. And FourPoops is right.

In traditional art, there are these areas called “freeports”, which enable art collectors to place artworks in tax-free holdings vaults where the contractual ownership of the art can be transferred, while the piece of art itself remains in this tax-free zone.

According to Artsy, freeports provide collectors with “the temporary exemption of taxes for an unlimited quantity of time”.

GitHub post on L1 to Optimism NFT bridge

According to the link below, some people from the Optimism community have been discussing the idea of an NFT bridge from layer 1 to optimism since as early as April of 2022.

https://github.com/ethereum-optimism/optimism/pull/2424

However, it appears as thought this particular Github repository was closed out. My theory is that it was closed by the Optimism ecosystem because they were aware of the work that Quix was doing to build their own NFT bridge, and the two teams did not want to duplicate efforts.

Ultimately, it seems like a great time to launch a bridge. Layer 1 transactions are still quite low, so users can bridge over their assets before gas gets high again. 

This would enable us to move our assets from L1 over during a time when mainnet fees are low, and then house them on Layer 2 where they can later be transferred as needed for much much lower gas fees.

Listen to the podcast

If you want to learn more about crypto, NFTs, dapps, DAOs and more, please check out the latest episode of The Web3 Experience podcast:

Most Expensive POAPs Ever Sold

The Proof of Attendance Protocol (aka POAP) is a way to save digital mementos, allowing you to bookmark things you have done in life.

Pronounced poh-app (POAP), the protocol gives attendees a way to keep a record of their attendance for any type of experience – event, conference, meeting, membership – could be anything.

Project leads and hosts often create POAPs for official events that they host with their community. As you can see below, the early POAPs from well-known and respected initiatives tend to be more valuable, symbolizing a type of “OG” status for the early members.

Whether that’s a simple AMA session on Discord or Twitter Spaces, or if its a in-person meetup event – bringing the community together in these types of events can be huge for long term community building.

A POAP can also be a gift from an issuer to collectors, to celebrate a shared memory.

In most cases, mint price for a POAP is completely free – where the user is able to mint one simply by being in attendance at the event. Additionally, gas is normally free as well.

Do you want to create or mint POAPs? First, you need to setup a crypto wallet.

Highest POAP sales as of 2022 (so far)

Sale Price (Eth)POAP NFT
11XCOPY REKT
10XCOPY REKT
7.23XCOPY REKT
7SuperRare OG
7SuperRare OG
5.5Devcon 1
$11,118 USDCHappy 2nd Birthday /r/EthFinance
3YAM Heros
3Beacon Chain Genesis Depositor
2.9SuperRare OG
2.6XCOPY REKT
2.5Alchemix Legends
2Alchemix Legends
2Alchemix Legends
2XCOPY REKT
2XCOPY REKT
1.96XCOPY REKT
1.85XCOPY REKT
1.8XCOPY REKT
1.5Medalla Testnet Resuscitator
1.5Genesis CoinGecko Candy Collector v2
1.5I Played 4 YFI
1.5Fractional Early Adopter
1.025Genesis CoinGecko Candy Collector
1adidas Originals: our future started here
1adidas Originals: our future started here
1Fractional Early Adopter
1EthCC
1ETHParis
1Bankless Member – 2020
1Bankless Member – 2020
1Bankless Member – 2020
1Stoner Cats Moshpit 7.26.2021
1Alchemix Legends
1Inverse Finance Original DAO 409
1Bankless Member – 2020
1ETH2 Studymaster GENESIS
1adidas Originals: our future started here

Sunflower Land Proposal: Allow Farm Switching

First, I love the game Sunflower Land.

In addition to being fun, the strategic aspect of the game makes players exercise their analytical brain muscles, and also helps those new to blockchain technology learn the fundamentals of crypto, NFTs, tokenomics, scarcity, and more.

I’m the one who wrote a blog post covering how the game developers are focusing on “people over profits”.

I speak for myself and almost the entire community when I say that we are on-board and in agreement with Sunflower Land’s mission to create an open-source decentralized game with anti-botting rules and no-multi accounting.

That being said, a few of the current rules should be improved.

The multi-accounting rule currently does not allow players to farm switch under any circumstances.

I believe that changing this rule will help preserve the intrinsic value and utility of the farms themselves, the official SL NFT tokens.

What is “Farm Switching” in Sunflower Land?

Farm switching is the process of a player switching from one farm to another, while only using one farm at a time.

In order to comply with the multi-accounting rule, when a user switches farms, they will have to cease all productive processes in the former farm.

According to the rules, players may only have 1 IN-USE farm at any time.

Let’s be clear: we are not talking about playing in more than 1 farm at a time. That is multi-accounting, which we can all agree is not good for the game.

However, at present, any type of farm switching, even while preserving only 1 IN-USE farm at a time, will be flagged as multi-accounting and will result in a ban.

Farm switching is not allowed today.

Based on the community’s interpretation of the rules during a few discussions in the Farmer’s Chat on 4/25/22, it seems there is consensus among the community that farm switching would be considered multi-accounting and break the rules.

sunflower land farm switching
source: SFL discord server, Farmers Chat

No one wants to break the rules.

What is a players “IN-USE” farm?

A player’s “IN-USE” farm is the SINGLE farm in which that player is making progress at any given point in time.

“Progressing” in a farm is defined as having crops planted waiting to be harvested, or ores or wood waiting to be ready.

For example, in the screenshot below, the farm is “Progressing” because it has a few minutes left on potatoes before they are ready to be harvested.

sunflower land in progress farm

Today, the rules allow players to purchase as many farms on secondary markets as they so choose – while it is completely within the rules to own other farms, once you purchase a farm, it is illegal to ever use that farm, given the current multi-accounting rules.

The game should be able to keep tabs on all players and ensure everyone only has no more than 1 IN-USE farm at a time, and that no player ever making progress in multiple farms simultaneously.

The goal of multi-accounting rules in the first place is to ensure that no subset of players are able to artificially accumulate and amass tons of resources and gain an unfair advantage over other players.

This ensures that the game remains fun for everyone and is not over-controlled by whales with large holdings.

Of course we agree with this.

However, we do believe users should be able to switch their IN-USE farm to another farm, as long as their account is not progressing in more than 1 farm at a time.

Why should Farm Switching be allowed and implemented?

Utility is so important in Play-to-Own games. We need a process enabling users to switch legally, as long as the player has no more than one IN-USE farm.

Presently, the only utility that a farm on secondary markets will have is for someone that has NEVER played sunflower land and NEVER minted a farm.

For anyone that has ever played the game, it is illegal to ever switch farms (its illegal to forever stop using original mint farm and use only that new farm).

If there is no switching process currently defined within the rulebook / docs, then how will farms purchased on secondary ever have utility?

All farms are not equal.

A farm that has all 22 squares unlocked and the goblins freed is going to be more productive than a brand new farm with less farmable land.

This farm is more desirable and would thus be more valuable on a secondary market, if a player decided to sell their farm.

The principles of play-to-own games would suggest that users should be able to buy, sell, and trade, and USE these different types of farms at their own will.

Example scenario: where Farm Switching makes sense

Let’s say I purchase a farm on secondary and then sell the original farm that I minted.

Now I only have 1 farm in my wallet (SL token)

However, if I start using this new farm, this is technically “multi-accounting” based on community consensus in the Discord.

Farms purchased on secondary are un-useable by current players. Because of this, those farms have 0 utility.

This is a problem if the Sunflower Land game seeks to create a real market and economy for NFTs and tokens in the SFL ecosystem.

Can Sunflower Land allow Farm Switching and still avoid multi-accounting?

Yes.

Players will only be able to use one farm at a time. (defined as an “IN-USE” farm, below).

Players will only legally allowed to make progress in 1 single IN USE farm at a time.

Players must finish all in-progress tasks and actions before switching to another farm.

Players SHOULD be allowed to Farm Switch as long as there are no in-progress processes in the current IN-USE farm.

Sunflower Land should encourage both in-game and out-of-game economies

Most of us were attracted to Play-to-Own because we want to find a game that is actually awesome and fun to play, where we also have autonomy and ownership over all of the in-game items that we acquire.

Sunflower Land team, as I’ve written about before, is doing a great job of this overall.

Perhaps a user starts playing the game, and after realizing how much they love the game, they are willing to purchase some items and stuff to make the game experience more fun for them.

However, a few statements made by the team were surprising, given the seemingly evangelistic vision to create a decentralized, open sourced, play-to-earn game.

According to the FAQ on the Sunflower Land Discord, buying farms and other resources on third party markets is discouraged.

sunflower land faq about secondary sales
via SFL discord

What’s the likely explanation for the Team making this statement?

Don’t forget, the game is still in Open Beta: the team is still testing the software and contracts. There are issues and bugs that need to be worked out.

Hopefully, once all the contracts and the game officially leaves beta and is 100% live, the game developers will encourage this economy to emerge from the Sunflower Land ecosystem.

When that happens, enabling farm switching as well a NFT trading on 3rd party platforms is crucial to ensure the the NFTs maintain their utility.

Encouraging 3rd party purchases and sales is the nature of play-to-own games.

Yes, the game is created to be focused on people over profits and is more than simply earning tokens. But the whole point of Play-to-Own is having the freedom and autonomy to trade in-game items.

It should be up to the user to buy or sell any in-game item on secondary.

If the game devs truly want to foster a free-market economy that the game strives to create, this is critical to implement.

When should Farm Switching processes be implemented?

The game should enable farm switching as well as encourage 3rd party sales / purchases after the Open Beta version of the game has been thoroughly tested and finalized.

As stated above, it is 100% understandable and OK for the development team to discourage the trading and 3rd party commerce while the game is in Open Beta version still.

The most important thing for the game at this point is making sure the contracts are safe, secure, and that

Farm switching should be allowed after the contracts are live and ready to go.

Top 4 Best Crypto and NFT Wallets in 2022 (and which one you should use)

When you purchase crypto for the first time, you will probably use an exchange.

While centralized exchanges have a number of benefits, you often do not have direct control over your digital assets when keeping them there.

Establishing your own self-custodial crypto wallet enables you to access dapps, transact in crypto, trade NFTs, as well as attain greater control and sovereignty over your money.

For this reason, its a good idea to move some of your crypto off the centralized exchange and into your own non-custodial wallet.

The next step is actually getting your first real crypto wallet setup. The good news is you can access the blockchain from any wallet provider. Think of the wallet as your portal to the world of web3. Yes, some portals are better than others, but at the end of the day they should all take you to the same place.

There are 4 wallets that stand out from the rest of the market as being the best:

The Winners for the Best NFT / Crypto Wallets:

Best All Around

Trust Wallet

  • Many assets hosted
  • Ultra secure
  • Large community
  • NFT Optimized
  • Free to use

Best for Beginners

Coinbase

  • Buy with $USD
  • Easiest on-ramp
  • Buy popular tokens
  • NFT optimized
  • Free to use

Most Secure

Ledger Nano X

  • Max security
  • Offline, cold storage of your cryptocurrencies.
  • No NFTs
  • Costs $149.00

Best for Ethereum

Metamask

  • Ethereum optimized
  • Compatible with ERC-721 and ERC-1155 NFTs
  • Most popular ecosystem
  • Explore layer 2 rollups and web3 dapps
  • Browser and Mobile compatible
  • Free to use

1. All-Around Best Crypto / NFT Wallet: Trust Wallet

Trust Wallet Specs:

  1. Custodial / Non-Custodial: Non-Custodial
  2. Hot or Cold? Hot
  3. Security:
    • Open Source
  4. Tokens Supported: Supports 53 blockchains and over 53 million different assets.
  5. Price: Free
  6. Ease of use:
    • Easy to use compared to most crypto wallets.
    • As with any new system, it takes some getting used to but there are many instructional guides available.
    • Includes a Dapp browser which lets you connect to various web3 tools and dapps.
  7. Devices Supported: Mobile crypto wallet
  8. Popularity:
    • 168,000 reviews in the app store
    • has a very active user community with forums and comments where community members discuss topics and answer questions.
  9. NFTs Compatibility:
    • Displays images of your NFTs readily, as well as enables you to send and receive them.
    • Only displays NFTs from within the Ethereum Ecosystem. Not compatible with Solana NFTs, for example.
  10. Additional Features:
    • Direct Deposit: you can buy crypto using your credit card.
    • Staking: you can earn 11% APR on quite a few different coins.
    • Multisig: No

Trust Wallet Overview:

For the general user, Trust wallet is great because it has a huge community, open forum discussion, and supports one of the largest number of different assets of any wallet on the market.

For the user looking to stake crypto, you can earn a sizable yield on your assets as well.

From owning some of the most well-known blue-chip assets, to buying and trading NFTs on the Ethereum Ecosystem, as well as browsing dapps within the web3 internet, the Trust wallet provides a well-rounded experience within crypto and NFTs for any user.

2. Best Beginner-Friendly Crypto / NFT Wallet: Coinbase Wallet

Coinbase Wallet Specs:

  1. Custodial / Non-Custodial: Self-custodial aka Non-custodial
  2. Hot or Cold? Hot
  3. Security:
    • Open Source
  4. Tokens Supported: The Coinbase wallet supports popular tokens like BTC, ETH, BCH, LTC, XRP, XLM, and DOGE, all EVM-compatible and ERC 20 tokens, as well as some stable-coins like DAI. (read more)
  5. Price: Free
  6. Ease of use:
    • User friendly and easy to learn.
    • There are many instructional videos on YouTube to help new users learn the ropes.
    • Supports dark mode.
  7. Devices Supported: Browser and Mobile crypto wallet
  8. Popularity:
    • 103,000 app store reviews.
    • One of the most popular and well-known crypto exchanges has a large team behind the product.
    • Publicly traded company
  9. NFT Compatibility:
    • NFTs supported and displayed.
    • ERC-721 compatible.
  10. Additional Features:
    • Direct Deposit: support credit / debit direct purchases for crypto. Easy cash on ramp
    • Staking: Earn interest via smart contracts.
    • Multisig: not supported
    • Anything else? view crypto price movements directly from the app.

Coinbase Wallet Overview:

One of the largest publicly traded crypto exchanges in the world has a non-custodial wallet available for download.

The Coinbase wallet is best for beginners because it enables you to link your existing account on Coinbase.com to your self-custody wallet in order to move some of your funds off exchange.

Having the big tokens supported like Ethereum and Bitcoin as well as Polygon is key. Although it doesn’t have as many coins available as other wallets, it is great for getting started.

As staking is supported, this is a good opportunity for beginners to learn a bit more about DeFi and experience earning some yield on their assets, if that is within your risk tolerance.

One of the downsides to Coinbase is that you can’t use it in some jurisdictions, like Hawaii.

3. Best Crypto Wallets for Security: Hardware Wallets (Ledger Nano X)

Ledger Nano X Wallet Specs:

  1. Custodial / Non-Custodial: non-custodial
  2. Hot or Cold Storage? Cold
  3. Security:
    • Most secure hardware / cold storage. Open Source. Keeping your coins and NFTs offline and protected.
  4. Tokens Supported: over 5,500 tokens supported
  5. Price: $149.00
  6. Ease of use: Setting up the Nano Ledger X takes less than 30 minutes.
  7. Devices Supported:
    • Mobile friendly via bluetooth connection. Bluetooth enabled, access your wallet via your phone.
    • Install up to 100 dapps at a time.
    • You also have access to the Ledger Live, a browser and mobile wallet that enables you to access your funds on the go, if you don’t want to bring your physical hardware wallet with you.
  8. Popularity:
    • Ledger wallets have thousands of reviews on Amazon.
    • There is a community on Reddit with over 86,000 members.
    • Ledger Academy provides intro information for people to learn about crypto, such as how to keep their assets safe.
  9. NFT Compatibility: does not display your NFTs
  10. Additional Features:
    • Direct Deposit: no
    • Staking: no
    • Multisig: no

Ledger Nano X Wallet Overview

Ledger, a French company, has a number of hardware products designed to store crypto and NFTs in the most secure way possible.

The only real difference among the Ledger line of products is the number of features like which assets are supported. From a security perspective, all hardware wallets are equally secure because they keep your assets offline, aka in “cold storage”.

Ledger Nano X is the most advanced, and robust wallet from the Ledger line of products.

Granted security is of top priority here, the Nano X supports the most tokens and has the best screen display for usability.

4. Best Crypto Wallets for Ethereum Ecosystem: Metamask

Metamask Wallet Specs:

  1. Custodial / Non-Custodial: non-custodial
  2. Hot or Cold Storage? Hot
  3. Security:
    • Most popular wallet to use in the Ethereum ecosystem, enabling you to connect to web3 dapps as well as EVM powered networks such as Polygon and Optimism. Open Source. Your coins and NFTs are easily accessible.
  4. Tokens Supported: all ERC-20 tokens and EVM compatible NFTs (ERC-721 and ERC-1155)
  5. Price: Free
  6. Ease of use: Quick setup, many tutorials online as well as instructional how-to’s in the Metamask support site. As with all self-custodial wallets, make sure you store your private key in a safe, secure location.
  7. Devices Supported:
    • Browser and Mobile enabled. Access your wallet via computer or your phone.
  8. Popularity:
    • Most popular web3 wallet to date with more than 21 million active users.
    • Large Metamask community with forums and more.
  9. NFT Compatibility:
    • Displays your NFTs on mobile, but the functionality could be improved.
    • As the NFT display system is not optimized, Metamask users often find themselves going to OpenSea or Quixotic to view their NFT portfolios as opposed to the wallet display.
  10. Additional Features:
    • Direct Deposit: yes, via credit card, however transaction fees can be high.
    • Staking: no
    • Multisig: no

Metamask Wallet Overview

Metamask, an open-source software wallet built by Consensys, is by far the most popular wallet by user count in web3 as of 2022.

The wallet is focused on crypto and NFTs that leverage the Ethereum protocols, ERC-20, ERC-721, and ERC-1155. Additionally, the ability to add Ethereum Virtual Machine networks to your wallet makes bridging to layer 2 rollups easy and user-friendly.

For people that want to explore the emerging world of web3 decentralized applications (dapps), using a Metamask wallet is the way to go.

5 NFT Projects Worth Holding Long-Term

One of the hottest trending topics on the internet over the last few months has been NFTs.

not investment / not financial advice. do ur own research.

NFTs are digital collectibles that usually give the owner some sort of exclusive access – whether to artwork, discord groups, or even in-person events. Anyone can create and launch an NFT, in the same way that anyone can start a business and sell a product or service, but with NFTs, the underlying value of the asset is based on rarity, utility, and social hype. Those who want to be a part of a niche community are able to prove their ownership by having the NFT.

While any industry experiencing exponential growth will attract questionable (i.e. scam) projects, those of us who are long-term bullish on NFTs and crypto focus on the fundamentals and maintain ownership in NFT projects with competent teams and strong communities.

But market optimism may fade in the future; as the hype-cycle predicts, the peaking highs are often followed by steep cliffs.

My involvement with NFTs over the last few months has been complicated. I’ve been largely focused on my day job and, when the waves are good, sneaking out to surf while trying not to forget about my responsibilities. Investing has always been a long-term play and something I don’t feel the need to make changes to very often. Besides, everyone in the Ethereum community is patiently waiting for the Merge.

My NFT Plays:

As always, NONE of this is advice, guidance, or suggestions. Please don’t take anything here as investment advice and always do your own research.

The seven NFTs cost me $5,766.92 – and, according to estimates based on floor price, I’ve lost about $505.98 on paper when you include transaction fees.

Despite losing money in some areas, the projects below are the ones I’ve chosen to hold for the long term. Whether that means during a bear market or bull, I believe in these projects for the reasons I’ll share below.

That being said, its time to shill some NFTs:

1. Surf Punks NFT

After hearing about an NFT that gives holders access to surf sessions at wave pools around the world, I was interested. Seeing Koa Smith post something about it on Instagram as well as involvement from YouTubers like Nathan Florence made me realize there was a significant amount of hype behind the project.

Given that this would be my first NFT and mint was happening the following day, figuring out how to move funds to Metamask was a challenge of its own.

My initiation to the NFT game became hard-won when the exchange wouldn’t let me move funds. Familiarizing myself with the intricacies of web3 wallets via trial and error, I finally secured the 0.15 ETH for mint plus extra for transactions fees.

After minting surf punk 246 for 0.15 eth pre-reveal, I later purchased my second Surf Punk, number 273, for 0.69 ETH. The advantage of owning two Surf Punks is that you can bring a friend to events.

Months later and @TheSurfPunks community has been growing at a pace that feels organic. I’ve met and surfed with other holders in Hawaii, hosted Twitter spaces and spoken with the founder Andre, and the Surf Punks treasury has reserved the entire Waco, Texas wave pool for a private holder-only event in March.

surf punks nft

2. Ranchy Rednecks

Twitter Spaces definitely become a source of edu-tainment about NFTs for hundreds of people every day including myself. One evening in December, during the Late Night Degens Twitter space, 3LAU, Steve Aoki, and like 500 other people helped 13 year old Nick sell out his NFT project in 2 hours.

The excitement that everyone had during that Twitter space was too much to not want to be part of it. So I decided to get in at mint price. Unlike my Surf Punks mint, I elected to mint two of these from the beginning.

I believe that purchasing two or three of an NFT in which you have conviction is a better move than buying just one because if it pops, you’re going to want to sell one to take profits and still be a part of the community. Owning more than one allows you to do that.

ranchy rednecks nft

3. Ethereum Name Service (ENS) Names

After I learned that the .eth extensions would serve as your web3 username and wallet address, I immediately needed one.

As someone who builds websites and is a proponent of owning your own domain name / internet identity, the vision of ENS really makes sense, similar to the .com top level domain names of the traditional internet.

I purchased two ENS:

  • Epigenome.eth – after doing cancer research in college and majoring in chem, I believe in epigenetics as one of the key industries to help cure diseases and even extend human life one day.
  • LNR.eth – means love n respect; 3-letter ENS names are quite rare. With only 17,576 combinations, there’s a good chance that the 3-letter ENS names become more valuable as more people are onboarded to web3.

The way it works is that users pay to register and extend registration of the ENS name. Prices are currently set at $5/year for names 5 characters or longer, $160/year for names 4 characters in length, and $640/year for names 3 characters in length.

I do believe that ENS names will become much more valuable as web3 gains traction and becomes more ubiquitous – like many areas of web3, we’re still so early.

Additionally, ENS Domains were launched April 2017 – before Curio Cards and even CryptoPunks. Historical NFTs – that is, those first few NFT projects between 2015 and 2019 – are more valuable to some people because they were first and are thus are more original, more authentic, and more rare.

ENS is undoubtedly an OG NFT and depending which one you own, may become super valuable some day.

The floor price of various ENS names on OpenSea is around 0.006 eth as of 3/13/22, with sales in the last day of as much as 1 ETH.

Purposefully under-estimating the floor price as 0 in my Spending History Table at the bottom provides a realistic viewpoint and helps ensure I don’t over-inflate my own expectations of the portfolio.

4. Kooks NFT (number 69)

This NFT is unique in that it was a whitelist gift, and there was no cost or transaction fees associated with acquiring it. Additionally, it is the only NFT on the Polygon Network that I own

@KooksNft is a smaller project right now, but I was able to meet the founder during a Twitter Spaces event that I hosted and he growth of the NFT space means Kooks could serve a valuable position as helping educate people on surf etiquette and respecting the ocean.

5. Full Send Metacard

The Nelk Boys prank videos have been going viral across social media for years. Kyle’s candidness and ability to go off-script is a skill that few creators have.

Boasting 7.27M subscribers on YouTube, watching the Nelk Boys brand grow, improve the quality of the content, form partnerships with the UFC, and finally launch an NFT has been truly incredible. After bringing UFC owner Dana White onto the podcast, Dana is now a Metacard holder which is honestly so sick.

I’ve been following these guys on Instagram and YouTube but once I heard about their NFT launching, I knew that I had to jump on board.

Since I was not on the white list, my initial plan was to purchase one on secondary between the time of whitelist and the time of public sale.

I needed to think strategically.

With over 200,000 Discord members, the project was bound to sell out immediately and so the chances were almost zero that I would be able to get a Metacard during public sale.

During the Metacard minting event, with so much hype and website traffic, OpenSea CRASHED which made it impossible to purchase on secondary there.

At this point, the only way to get a Metacard was to venture into the web3 alternative exchanges – basically the real wild wild west of the internet, where you really have to watch out to protect yourself from getting scammed or having your assets stolen.

The risk of doing this is that you could easily end up buying a fraudulent NFT if you don’t verify that the smart contract and addresses are legit. After digging into Etherscan block explorers, downloading CSV files, and matching addresses, I made sure that I wasn’t about to pay for something fake.

I found a legit Metacard on secondary BEFORE the public sale started and successfully paid for and transferred it to my wallet.

With Full Send gyms on the horizon and new hilarious videos dropping every week, I couldn’t be more stoked for the future of Metacard community.

If you haven’t seen @KyleForgeard and the Nelk Boys’ YouTube videos, look them up immediately. Pranks and comedy is valuable for everyone, because we all need to laugh.

I’m still diamond-handing all of these to the moon.

Did I spend too much money on NFTs, or is this simply a healthy diversification of funds into a risky yet potentially exponential asset class?

You can analyze my spending history table below for yourself.

I’d also be curious to hear how you think NFTs will play a role in peoples’ lives over the next 3-5 years. Share a comment at the bottom and let me know what you thought.

Spending History Table (via estimates)

The 8 Greatest Podcasts on Crypto, NFTs, and Web3 for 2022

Podcasts are one of the easiest ways you can learn more about crypto, NFTs, and blockchain because you can listen passively while doing something else.

Here are the best crypto podcasts that you will find:

The Daily Gwei

the daily gwei ethereum podcast about crypto

Anthony Sassano’s consistency in publishing this podcast about the Ethereum Ecosystem is unmatched – I don’t believe there’s another show that happens as regularly as the Daily Gwei. With episodes coming out at least every weekday, I’m thankful to be able to rely on this podcast for my daily dose of alpha. Additionally, Anthony Sassano does an excellent job of articulating the value proposition for Ethereum in a way that non-technical users can understand.

Where to start: start with the most recently published episode. This show is another daily-update style show, covering what’s happened in the last day in the Ethereum ecosystem.

Bankless

bankless podcast icon about crypto, focused on ethereum ecosystem

David Hoffman and Ryan Sean Adams cover everything crypto, with a focus on the Ethereum ecosystem. The “Bankless” movement suggests the narrative that humans should have custody over their private keys, without 3rd party centralized intermediaries. The show also has YouTube videos for people who enjoy that format more.

Where to start: There are so many incredible episodes that you could honestly just pick one and dig in. Having hosted Vitalik on the show on multiple occasions, you could always start there. I also highly recommend the episode with Coinbase CEO Brian Armstrong. Lastly the “Ultra Scalable Ethereum – Modular vs. Monolithic Blockchains” episode was particularly enlightening. This is one episode you absolute must hear if you care about the future of blockchain scalability.

Modern Finance

modern finance is a podcast that focuses on crypto's impact on finance

Internet legend Kevin Rose focuses on crypto and how it relates to the future of finance broadly.

Where to start: The episode with the Bankless guys was top-notch. Unfortunately the episodes are not published too regularly on the show, but when something is published, it is worth a listen. I’m looking forward to going back and listening to the episode with the Brave Software CEO, Brendan Eich, as well as the episode with Gary Vaynerchuk.

Into the Ether

into the ether ethereum crypto podcast

Eric Conner and Anthony Sassano cover updates from Ethereum overall.

Where to start: given that the episode covers current events and timely updates, I would just listen to the most recent episode!

The Defiant – Defi Podcast

defiant podcast focusing on defi, crypto, and blockchain broadly.

Camila Russo brings builders and users within blockchain technology and DeFi onto the podcast and does a really good job of asking the tough questions.

Where to start: the episode with Vitalik Buterin was particularly interesting, Camila did a great job of asking devil’s advocate style questions and we get to see how Vitalik responds.

DeCent People

decent people, a podcast covering decentralized applications featuring many crypto experts.

Matthew Leising does a great job of bringing Ethereum experts onto the show and digging into not only the projects they’re working on, but also a contextual background of their lives and how they got started.

Where to start: The conversation with Meltdem Demirrors was the first episode I heard, and it was really interesting hearing about her background in bitcoin, and her story about testifying in front of congress.

Up Only: Chats with Crypto Experts

up only, a podcast featuring crypto experts and whales

Cobie and Ledger host a show every so often where they get together and ramble on all things crypto. Both Cobie and Ledger do a great job of keeping the conversation candid and unscripted, and don’t hold back. It would be great if podcast episodes were released episodes more often, but regardless, the content is always solid.

Where to start: Anytime the founder of Ethereum appears on a podcast to share his ideas, its worth a listen. In addition to having a wide-ranging discussion about the internet and future of crypto developments, Vitalik shares his thoughts on anti-aging and life extension.

Proof

proof, a podcast covering NFT projects

Kevin Rose focuses specifically on NFTs and artwork on the blockchain, bringing artists, collectors, and curators on the show to talk about all things non-fungible.

Where to start: I enjoyed the Particle Collection episode and hearing about the Banksy painting being fractionalized and sold as 10,000 individual pieces. Despite my best efforts, I was not able to get access to mint a Banksy Particle. Still a great show, though.

Should You Hold More NFTs or Crypto Long Term? Which is more likely to go up?

not investment advice, do your own research, etc.

While it’s difficult not to roll your eyes the idea of a million $$$ dollar jpeg, there is a special shift happening that will fundamentally change the way that humans behave on the internet.

Crypto vs. NFTs as investments – some context:

At their best, cryptocurrencies like Ethereum have gained notoriety and traction as development platforms for blockchain applications (aka dapps).

At their worst, the ICO mania has seen many cryptos pump to extremely high valuations, to later crash back to pennies after early investors dump their holdings (aka pump and dump schemes).

NFTs, on the other hand, haven’t been around as long as Bitcoin or Ethereum. Even an NFT from as recent as 2018 is considered historical and hence more OG by groups of self-proclaimed “NFT Archaeologists”. Still, we haven’t yet seen a true bear market in the space just yet, and only time will tell if these hypothesis will remain plausible.

Regardless, the steady value accretion among communities like CryptoPunks and the Bored Ape Yacht Club provides evidence that NFTs are in fact more than just overpriced .pngs.

Wherever a person chooses to invest, one thing is for sure: NFTs and crypto are risky, and you can lose the money you put in.

Whether you should allocate more of your investments towards crypto or NFTs is dependent upon your own situation and investment goals.

That being said: NFTs and crypto have both had huge price swings in recent months. So, which might be a better investment – crypto or NFTs?

Why might a cryptocurrency like Ethereum be a better long term investment than an NFT?

As cool as NFTs are, there is a high chance they will not outperform a cryptocurrency such as ETH.

Most NFTs are built and hosted on top of the cryptocurrency protocols within the Ethereum ecosystem. Although there are NFTs built on other chains like Solana or Tezos, the largest market share by far sits on Ethereum.

Because that Ethereum powers the majority of the NFT market as a development platform and smart contract programming language (Solidity), owning ETH could feel safer than owning any one individual NFT.

After all, platforms tend to be accrue more value than the sum of all the individual items they support.

Developers are actually building new products and applications on top of the Ethereum Virtual Machine, which inherit the security and decentralization protocols of Ethereum itself.

Another property that makes Ethereum unique is that the asset is burned during each transaction, via gas fees. This reduces supply making ETH progressively more scarce as a result. This decrease in supply is one of the key tenets surrounding the ultrasound money movement.

Ethereum also has a strong development community.

The most significant upcoming item on the dev roadmap is the Merge, in which the Ethereum consensus mechanism will transition from proof-of-work to proof-of-stake. This means that new blocks are validated by nodes that have staked their ETH, instead of by doing energy-intensive computations.

Once Ethereum transitions to proof of stake, owners will be able to earn interest on their staked ETH, which could further drive the charts up and to the right.

The downside of purchasing NFTs

Given the large amount of questionable NFT projects he risk / reward ratio may not be there for NFTs. Extremely high fees mean your ETH stack is dwindling every time you make a purchase.

NFT markets are unpredictable, yet there are few sound and known fundamentals that back them up as an investment. They’re largely focused around hype, which whales are involved etc.

There is a lot that goes into deciding how to invest and which project to put your eggs into, finding high-ROI investments is an art as well as a science.

An investment portfolio is like a bar of soap. The more you handle it, the smaller it gets.

Does it make sense to own NFTs as a part of your crypto portfolio?

In my view, NFTs should not be held as investments, but for FUN and for the community.

Although NFT value increases can be quite unpredictable, a strong community is a good sign.

If you choose to hold an NFT, take your time, do your research, and find an NFT project with real world utility.

NFTs give you the opportunity to become part of a group that is focused around any specific thing.

One sign of legitimate community within an NFT project is the willingness for the founder as well as active holders to be doxxed and in the public eye, as well as seeking to build community for the long haul.

One thing that I always look for is whether or not there are in-person events or meetups happening within the community and among members from different regions around the globe.

Do the NFT holders know each other in real life?

That being said, being a member of an NFT community can be valuable because it is just fun.

Its like joining a fraternity or sorority in college, playing competitive club soccer, or joining the varsity wrestling team.

NFTs create groups of like minded individuals with stake in the focus area.

Diminishing returns: Once you purchase a few NFTs and join a few different communities, any future NFT purchases may only slightly (if at all) increase the amount of value you get from being part of the community.

Because of this, owning more than 1 NFT isn’t necessarily valuable unless you plan to flip it for profit.

Spreading yourself too thin: Being in a community means investing time and energy hanging out in discords, going on trips / attending events, and building relationships in that community.

A single person can only spend so much time. I feel that it is more impactful to be a dedicated member of a small number of communities rather than loosely tied to many different ones.

Sure, the NFT markets are fun to watch. Perhaps they’re worth keeping an eye on in case something truly special comes around that you’re dying to be a part of.

When I get the drive and conviction to own a specific NFT, I do so while making sure to maintain as much ETH ownership as possible.

Number going up is simply a by-product of being part of the group.

Looking ahead

Most of us aren’t building the future of the internet – that’s the job of software engineers and designers. But we are the ones that will be more affected by crypto and NFTs potential use cases – we are the ones who will actually use it.

From the content we consume, to how we communicate… from how we spend money, to the career paths we choose… if blockchain technology and its applications continue to advance, the world and our relationship with the internet will be extremely different in the years to come.

Regardless if you’re allocating more capital towards NFTs, crypto, or neither, when we take a step back and look at the larger impact of this technology on our society, we should feel lucky to be around during such an exciting time.

8 Reasons Your NFT Project Should Host Meetups In Real Life — this is how the Bored Apes did it.

NFT communities benefit from in person events

November, 2021- in the center of Manhattan, NYC – a huge NFT conference changed the crypto and NFT industry forever.

NFT.NYC is a yearly an in-person NFT conference.

It’s a big deal for a number of reasons, but in many ways, NFT.NYC 2021 was a catalyst that brought blockchain, crypto, and NFTs to a much larger percentage of the population.

The Crypto Punks, Bored Ape Yacht Club, and other NFT projects were brought into the spotlight and became known to the mainstream individuals.

Many people were motivated to invest in crypto, setup their first non-custodial crypto wallet, and mint or purchase NFTs because of all the action and excitement surrounding the conference.

bored ape party during NFT.NYC
BAYC party at NFT NYC source: twitter

The BAYC community stood out during NFT.NYC and has since grown exponentially.

We believe that the key reason for BAYC’s exponential growth and success was that the team hosted multiple parties, meetups, and events throughout the week of November 2-4, 2021.

In the months that have passed since the conference, the Bored Ape Yacht Club has gone nowhere but up and to the right, creating immense value for its NFT owners and community overall.

Since the conference, Bored Ape Yacht Club community and organization Yuga Labs have been hard at work.

A few of the big news headlines recently includes the recent launch of the $APE token airdrop, as well as Yuga Labs acquiring the Crypto Punks and Meebits from Larva Labs.

Did in-person meetups influence the Bored Ape Yacht Club’s immense success?

As of today, the Bored Ape Yacht Club is the number 1 NFT project.

While there were likely a few contributing factors, we cannot overstate the significance of in person meetups which catalyzed this growth.

We believe that in-person connections and networking among the BAYC community during and after the conference was a key reason that the sales prices have more than doubled recently.

In addition, there have been standout sales of millions of dollars for specific BAYC numbers.

bored ape NFT sales data april 2021 to january 2022
Figure 2: NFT.NYC was the catalyst in early November that resulted in a gradual increase in the value of Bored Ape Yacht Club NFTs. Source: OpenSea sales data.

The Bored Ape Yacht Club community is now a global network.

With 10,000 NFTs in the collection, the members of Bored Ape Yacht Club have the opportunity to meet up with local owners in their geographic location.

There have been in-person Meetups in Los Angeles, Atlanta, Amsterdam, and elsewhere.

Why do people join NFT communities?

Owning an NFT is not only a financial investment. Yes, you typically mint or purchase an NFT, and spend money in order to own it, yet owning an NFT is so much more.

Purchasing an NFT means you are joining a community of real people, a group of people larger than yourself.

When humans form groups, they create something that is greater than the sum of its parts. Group, tribe, club, and team formation is a key fundamental behind all human behavior.

BAYC party at NFT.NYC
Figure 3: Notice the Bored Ape posters displayed on the wall. source: https://www.inputmag.com/culture/bored-ape-yacht-club-nft-nyc-ape-fest

Being a member of a community is an investment of our time, effort, and energy.

Buying into a credible NFT project means you are deciding to become an active contributor to the community in some way.

When an NFT community has members / owners that are dedicated and genuinely want to build the community and contribute positive things, the community becomes more fun, better networked, and more inviting to new members.

Why should NFT communities connect in real life?

People crave genuine connection and interaction.

Having a big event on the a community schedule, even if it is just a few times a year, brings people together, gives them a reason to stay in touch, and creates purposeful interaction and networks.

We believe that the NFT communities which host in-person events create exponential increases in community value.

It helps on-ramp new users into the blockchain technology space, providing newbies a safe place to learn about crypto, NFTs, DeFi, wallets, and more.

Experienced members of the community can share wisdom and insights with those that are new to the arena.

And having that in-person connection helps people feel closer to those in the NFT community. Once you meet up with someone from your network in real life, that person becomes a friend, a part of your social circle, and you think about the entire project in a new, more realistic energetic light.

In-person NFT events help eliminate flippers and short-term holders from the community.

Internet hype from influencers with large following will pump up NFTs and get more people to buy them, but this type of increase only has short-term impacts.

Instead of making the community stronger, this type of hype only invites flippers and profit seekers into the Discords and Twitter spaces.

These short-term thinkers might even negatively impact the experiences of long-term dedicated community members.

I am all about long-term thinking.

Network value cannot simply be one-to-many, where a single influencer with millions of followers encourages many people to buy into a project.

Hype pumping does not benefit the community long-term, it benefits flippers.

What will sustain long term is when all members of the community can seamlessly access, and easily connect with all of the other members. Whether this is thru communication channels, Twitter DMs, Discord servers, or meeting up locally for coffee, beer, dinner parties, or business opportunities.

Which type of NFT community do you want to be a part of? What type of network sounds like the most fun and intriguing?

17 Free Tools to Analyze NFTs and Crypto Before Ape-ing in

This is never investment advice. Let me know what I missed, and what tools you enjoy using.

Etherscan https://etherscan.io/

Gas Tracker https://etherscan.io/gastracker

Gas Cost Estimator https://etherchain.org/tools/gasnow

Etherchain https://etherchain.org/

Icy tools https://icy.tools/

OpenSea https://opensea.io/

LooksRare https://looksrare.org/ – for when OpenSea servers are overwhelmed.

Token Trove: https://tokentrove.com/ another NFT marketplace

Rarible https://rarible.com/

NFT Stats https://www.nft-stats.com/

NFT Scoring https://nftscoring.com/trending Y-Combinator startup

Rarity Tools https://rarity.tools/

Proof of Attendance Protocol (POAP) https://poap.xyz/

Super Rare https://superrare.com/ – NFT marketplace focused on authentic art

Nifty Hype https://www.niftyhype.com/ – news and insights for NFT industry

Dapp Radar: https://dappradar.com/ – dapp rankings among various ecosystems on different chains.

Getting Started

Coinbase https://www.coinbase.com/

Metamask https://metamask.io/

General stuff

Coinmarketcap https://coinmarketcap.com/

Twitter / Spaces https://twitter.com/home

Discord https://discord.com/

PSA – grading services for trading cards IRL https://www.psacard.com/

Go bankless and get a self-custodial crypto wallet: