I was wondering if anyone else like me has collected some NFT’s? I have collected a few form some affordable projects but I’ve kinda fallen out of love with the NFT space as it just seems to be full of scammers. Here are some of the NFT collections I’ve collected and my option of the project:
Fat Rat Mafia – This was my first NFT purchase, I bought two FRM for around $20 each, I’ve since sold one for $50 and my remaining one is worth around $100 now. They’ve also released another NFT collection called ‘Cheese’ which you can burn and a later date in exchange for a Mutant Rat NFT. I currently have 7 Cheese NFT but the price of those has dropped. In my opinion the FRM NFT collection has a great community and a team trying to build, but I do find that they’re very focused on making money rather than offering utility to the holders. They seem to release snippets of information to try and stimulate NFT sales but it takes forever for them to do anything. It does look like people are a little fed up with this and the NFT prices have taken quite a big hit. They probably just need more planning.
Master Cats – This is a NFT collection that I bought into as I liked the concept< I have 2 of these. You basically buy 1 NFT and then over time they will release to you 9 different versions of that NFT (cats have 9 lives). The other cool thing they do is that you can customise your cats with clothing etc to make them even more unique. The value of these NFT doesn’t really move up or down and are still pretty affordable. Currently waiting for the 3rd version of my NFT’s to be released.
Lucid – Lucid was a NFT collection I bought into before the art was revealed. They held a reveal party on Twitter with a Q&A session for the creators, which they talked about the future of the project etc. The art was cool but the project turned out to be a total scam and rugged immediately after reveal. I sold my NFT for a massive loss but glad to get rid of it.
Monkey Trip – Monkey Trip was another massive scam. They had a great concept, great artwork. After the reveal they posted a couple of things on Twitter to stimulate sales and then abruptly disappeared with everyone’s money. It’s a shame as I think they could have made a ton of money if they followed through with the concept they promised. I still own 2 of these NFT but can’t sell them as they’re worth nothing now.
Illaz – illaz was a revival attempt by the community of the Killaz project that was rugged. Unfortunately illaz doesn’t seem to be going anywhere. I ]have 1 NFT from the collection and don’t suppose I’ll ever manage to sell it.
Tycoon Tigers Club – TTC is my favourite NFT collection as the community is great. They’re not pretending to offer you the world and are always engaging with the community. It’s more of a business club than anything. Al;so, part of the revenue from sales goes towards WWF to help with tiger conservation. I own 10 of these NFT’s and have actually just bought some t-shirts from their online store.
Super Kawaii – Super Kawaii was another massive rug. They promised holders passive crypto income but as soon as the mint and reveal was finished they disappeared with the money.
So as you can see, the NFT community appears to be full of scammers, but if you choose the right project you can reap the benefits.