Tag: NFT

Toxic NFT Gaming Projects: Avoid These Signs at All Costs

Toxic NFT gaming projects
Here’s how to spot toxic NFT gaming projects

Published by FrankNez Team.

Games that use blockchain technology have been successfully evolving and enticing potential players in recent years, and the decentralized games industry — commonly referred to as GameFi — has risen to prominence since 2013.

However, in 2021, the importance of decentralized games increased alongside the development of NFTs.

Many firms have swiftly evolved as NFTs change the world with their inventive innovation.

The gaming industry has seen the most significant advancement. NFT gaming is finally catching on with a huge population of gamers and crypto financial investors.

Regardless, the GameFi company has its problems.

While the value pattern of Bitcoin can help GameFi projects progress, there isn’t an instant association.

Notwithstanding the downturn market, the worth of several GameFi tokens is rising due to their NFT aspect.

Investors want to profit from the sales of in-game characters and assets rather than designed to improve gamification elements.

When considering a project, assess the promoting and mechanical aspects: how well the task is developed and how the project’s currency is presented to its consumers.

However, one should be vigilant of these token initiatives that make empty assurances as scammers thrive in the industry.

The Nature of NFT Gaming

NFT gaming involves combining conventional gaming features such as scoring points, contests, and regulations of gameplay with blockchain technology.

This fusion has resulted in the creation of GameFi, a platform where users can exchange and barter game materials for cash incentives.

NFT gaming functions in a rather straightforward method.

The resources used in the virtual space are called NFTs, and they have significance among gamers since they have the ability to be auctioned.

In Axie Infinity, for example, each species is represented as an NFT.

As a trade-off for crypto benefits, gamers might fight with their NFTs.

However, NFT gaming, just like any other investment, comes with risk from scammers.

Toxic NFT Gamification

Many NFT deceptive games have a broad range and are meticulously planned.

Most financial investors in such projects are amateurs, and con artists use ads and picturesque settings to mislead and entice novice consumers.

As a result, consumers should remain sensitive to a few specifics. To counter check, gamers should also do their research on the project’s background.

They may take advantage of crypto platforms that specialise in specific coins and tokens.

Upon registration, gaming investors will then be linked to credible brokers for assistance.

With this broker connection, consumers are assured to have a safe and secured crypto journey since markets are also monitored by these experts.

They also suggest websites where consumers can trade legitimately without losing funds to fake and scam gaming projects.

Below are the things you should put in mind to easily spot a scam.

The Profitability of the Project

Each project is designed to generate revenue.

Therefore, it’s essential to know where the incremental income will come from.

A person should not engage unless they grasp the concept of a project’s benefit.

There are a lot of games that seem to be too good to be true.

They may entice the consumers with promises of one-time payment with unlimited access to the game’s top features.

Assessments from Reliable Sources

When working in a business, advertisements should never be relied upon.

It is preferable to research reviews about them on expert portals.

The blockchain local forum works fast for the development of new projects.

Any idea will be evaluated from all angles within a few hours.

Nonetheless, con artists have discovered a technique to con consumers.

A few organizations promote projects by creating positive assessments about the organization on third-party websites.

Scammers pre-register a large number of entries on discourse with the intent to deceive and misdirect.

The Developers

The project’s designers usually have a lot of expertise.

Their pasts can be found online, along with a record of how fruitful their previous experiences were.

Nonetheless, some risky activities are sent out by unknown groups in GameFi.

Because they hide behind aliases or fake handles, minimal data about them may be uncovered.

Smart contract

Crypto and NFT scams

The simplest method is using block scanners to check the project’s smart contracts.

The block scanners will get you through information on when the project was established, released to the public, the number of consumers it has, and the number of tokens distributed.

Organisation Advertisement

A multi-level marketing (MLM) framework is used in a number of GameFi projects.

This is identical to an excellent organization marketing, which isn’t a fraud itself.

Countless outstanding projects have used MLM to drive sales, but if the project has no other revenue stream than advertising, it is a dirty trick.

Aside from MLM, there should be investment services.

Legitimate projects cannot make exaggerated claims to their consumers.

Conclusion

Despite the fact that the NFT gaming industry is obviously inflated, NFTs as an investment still can’t seem to prosper.

Instead of treating NFTs as simple things you get after unending periods of grinding, they should be explored more thoroughly.

Cynics’ negative perception regarding NFT games was developed against the context of unstable trading resources with little practical application.

Genuine value can and should exist in NFTs.

Major core competencies for genuine resources and administrations are essential for the NFT industry to flourish.

Blockchain gaming will be huge, but we’re still years from global acceptance.

Individuals spend roughly $20 billion every year on game items such as accessories, weaponry, and items, making classic gaming a $60 billion market.

When the first blockchain AAA game integrates a good gameplay experience with crypto assets, we’ll see regular players and idealists shift their focus to blockchain games.

In this approach, blockchain games have a bright future.

There will very certainly be a few cheats, although seeing them in NFTs is more likely.

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Related: What Are NFTs and How Will They Change the World?

What Are NFTs And How Will They Change The World?

What are NFTS - NFTS explained
What Are NFTs? NFTs explained

If you haven’t heard of NFTs yet, you will.

This technology is a little mind boggling in the sense that it’s so simple yet revolutionary.

NFTs are going to change the way we transmit data and connect with one another.

The NFT community is growing now quicker than ever.

franknez.com NFT

Welcome to Franknez.com – today I want to discuss what an NFT is and why this technology is growing so quickly.

Lets get started!

What Are NFTs?

NFTs, also known as non-fungible tokens, are a unit of data stored in blockchain technology.

This data is usually stored in a piece of artwork containing exclusive access and prizes for holders.

If you’re familiar with Gary Vaynerchuck, his startup VeeFriends is actually a collection of his personal NFTs.

Gary has built an NFT community where buyers gain exclusive access to VeeCon, a multi-day conference focused on business, marketing, creativity, entrepreneurship, and a lot more.

What Are NFTs Used For?

NFTs are tokens that may grant access to exclusive content, future products, prizes, or events.

Each NFT, depending on how the seller uses it, can unlock different levels of membership access. This is why NFTs are usually so expensive.

How Are NFTs Going To Change The World?

NFTs are cutting out the middle-man.

You can now sell NFTs directly without distributing tickets to your audience or community.

Business owners and entrepreneurs will be the ones to take advantage of this blockchain technology.

NFTs are also going to allow content creators to connect with the community and sell tokens for exclusive content and build a one of a kind art from that specific content creator.

These artworks are designed so that you cannot copy or duplicate them. They were originally created to protect or copyright artists’ work.

This means only one person could own the original, or a few people could own part of a scarce collection from that artist or content creator.

NFTs are changing our world by how we communicate with one another and transmit information.

For consumers, it can be a great way to keep something very personal and special from your favorite content creators.

How Do You Buy NFTs?

Because NFTs are Ethereum-based tokens, most marketplaces only accept ETH as a form of payment.

And if you have never purchased crypto before, check out this article on how to open your account through a crypto exchange.

Here you’ll be able to purchase Bitcoin, Ethereum, ADA, Doge, and other cryptocurrencies.

OpenSea is the world’s first and largest NFT marketplace.

How to buy NFTs
How To Buy NFTs

Anyone can create and buy NFTs here, even if you’re not a content creator or have any knowledge in blockchain tech.

Can NFTs Go Up In Value?

If you’re a collector, then you’re more than likely building a portfolio that may go up in value over the course of a few months to a few years.

NFTs certainly have the potential to go up in value depending on who the creator is.

You just never know how far this certain content creator will go or who they will impact society one day.

Buying an NFT from their younger selves today could prove to be a rare piece of art in the future.

Related: CEO announces second AMC NFT for all shareholders

Will NFTs Become Mainstream?

My personal take is they will.

The NFT community is growing every day and as more content creators find ways to provide more value to their communities, NFTs will continue to be a source of exclusivity and connection.

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Read: How to invest in Bitcoin cryptocurrency for beginners


Cinemark Competes with AMC in New NFT Deal

Cinemark Competes with AMC in new Thor Love and Thunder NFT Deal with Disney
Business News: Cinemark Competes with AMC in new Thor: Love and Thunder NFT Deal with Disney

Cinemark is looking to compete with AMC Entertainment theatres in a new NFT deal it just made with Disney.

From Tuesday, June 28th, through Thursday, July 7th, rewards members will get a chance to win one of 1,000 NFTs for Marvel Studios’ upcoming Thor: Love and Thunder.

AMC Entertainment was the first company to release NFTs (non-fungible tokens) to their movie theatre guests upon the purchase of a ticket.

The largest movie theatre chain in the world has released a Spider Man No Way Home NFT, Jurassic World NFT, The Batman NFT, Lightyear NFT, and many more.

Shareholders also received a rare series one “I Own AMC” NFT.

Read how much those are worth here.

Here’s the latest market news.

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Cinemark teams up with Disney

Cinemark teams up with Disney in Thor: Love and Thunder NFT
Business News: Cinemark teams up with Disney in Thor: Love and Thunder NFT

“Cinemark is thrilled to collaborate with Disney on the release of these exclusive Marvel Studios NFTs for Thor: Love and Thunder,” said Wanda Gierhart Fearing, Cinemark Chief Marketing and Content Officer. – Box Office Pro.

The movie theatre industry has been steadily recovering ever since the pandemic struck the world in 2020.

Cinemark Holdings, Inc.’s total revenues for Q1 2022 increased by 303% to $460.5 million compared to $114.4 million for Q1 of 2021.

AMC Entertainment on the other hand earned $785.7 million in revenue during their first quarter of 2022, compared to $148.3 million in Q1 of 2021.

Cinemark’s marketing campaign to distribute Thor: Love and Thunder NFTs with Disney is a great move for the company.

However, AMC Entertainment continues to be the leader in the movie theatre industry, offering a more premium experience to its guests.

What are your thoughts on Cinemark competing with AMC Entertainment in the NFT space?

Leave a comment down below.

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Related: Will AMC Stock Go Up? [2022 Deep Dive]

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GameStop Price Jump: NFT Marketplace or FTDs?

GameStop NFT Marketplace

GameStop saw a massive price jump after hours following the news of the company starting an NFT marketplace.

Community members suspect the price jump was due to FTDs that are finally being exercised.

So, what caused GameStop to have these price fluctuations after hours?

Be sure to leave a comment at the end of the article.

franknez.com

Welcome to Franknez.com – GameStop’s bullish news on its new NFT marketplace doesn’t have shareholders content. Retail investors expect larger upswings in the coming weeks.

Let’s get started!

GameStop is investing tens of millions of dollars in crypto-related companies that will allow them to develop games with blockchain technology, via ARS Technica.

This is extremely similar to what SHIB is doing with Shiba Inu Games.

Related: Here’s why you shouldn’t sleep on Shiba Inu Coin

It seems GameStop is joining AMC Entertainment getting involved in the crypto space, which in my opinion is a great way to take these two companies to the next level.

As the crypto space continues to puzzle traditional investors, GameStop, along with AMC Entertainment, have a chance at becoming extremely valuable in the long-term process of their growth.

GameStop NFT Marketplace

GameStop NFT Marketplace
GameStop NFT Marketplace

The news of GameStop’s NFT marketplace is not new, in fact it’s been mentioned since May of 2021.

However, it was only a teaser per say as the company was looking for engineers at the time to make this project a reality.

GameStop has now brought on 20 new hires to develop the NFT marketplace, where people can sell and trade NFTs and virtual in-game items, via Kotaku.

When will GameStop launch its NFT Marketplace?

GameStop is launching its NFT marketplace in late 2022.

One of GameStop’s direct competitors will be OpenSea, the NFT marketplace that now has a $13.3 billion valuation.

The companies’ approach towards the NFT and crypto space seems to be rather fitting.

What are your thoughts?

Leave a comment at the bottom of the article.

Could we see a collaboration between AMC and GameStop?

AMC and GameStop collaboration

AMC Entertainment is currently using WAX, or the Worldwide Asset Exchange to distribute its NFTs.

WAX is an energy-efficient, ultra-low carbon footprint blockchain and the first certified carbon neutral, meaning it’s eco-friendly.

WAX is also the world’s leading blockchain, processing 15 million transactions daily.

AMC CEO, Adam Aron has thrown hints of reaching out to GameStop to see how they could collaborate in the future.

No official news of a collaboration has been published yet but with both companies going into the crypto space, this could be exactly what shareholders have been waiting for.

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And if you can’t tell from my excitement in this video, the news of such collaboration would be bullish for both AMC and GameStop.

What do you think?

“Millions of Dollars Were Stuck in Limbo” (FTDs)

GameStop FTDs

According to Business Insider, Bloomberg reported that $359 million worth of GME stock were stuck in limbo earlier last year.

More than 1 million GameStop shares were publicly deemed ‘failure-to-deliver’.

FTDs have been a massive problem for retail investors holding both AMC and GameStop shares.

Failure-to-delivers occur when sellers don’t have the shares to settle trades.

So, if there aren’t enough shares to settle, where are short sellers borrowing so many shares from to short GME stock?

The answer may lie in naked shorting and OTC trading.

Shareholders suspect GameStop’s price moves after hours were based on some FTDs settling from December’s batch.

What are your thoughts?

Was GameStop’s price moves based on FTDs settling, or on the bullish news confirming more movement in the NFT Marketplace?

Leave a comment below.

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CEO Announces Second AMC NFT For All Shareholders

Second AMC NFT
Adam Aron Announces a second NFT for shareholders

AMC Entertainment just released their very first NFT for Spider-Man No Way Home.

The first 86,000 online buyers were able to claim this Spider-Man NFT.

This influx of online movie ticket buyers sparked the idea of a second NFT.

This time, however, will be for all shareholders.

Here’s how you can get yours.

franknez.com

Welcome to Franknez.com – if you missed the Spider-Man NFT like I did, great news is there’s another NFT coming.

Let’s get started!

Community, many of us have been holding AMC Entertainment stock all year.

It’s incredible to think at some point of this journey we would all be eligible for receiving an AMC NFT.

And although this is AMC’s second NFT, this will be the very first ever AMC shareholder NFT, not pertaining to a movie title.

This NFT is gold.

It will be a symbol of this historic time where the apes saved AMC.

Adam Aron Second NFT Announcement

Adam Aron took it to Twitter to announce the coming of this second AMC NFT.

The CEO stated, “Given AMC’s Spider-Man NFT success, our first ever NFT, I am thrilled to announce our second ever NFT!”

Adam Aron shared what the NFT looks like, and it looks pretty awesome if you ask me.

I love the fact that it looks like a medal and that it has a space background.

Do you like how this second AMC NFT looks?

Leave a comment below.

How Do You Get the Second AMC NFT?

AMC NFT investor connect
Investor Connect – AMC NFT NEWS

You can’t get this second AMC NFT unless you’re a shareholder.

If you’re not invested in the stock market you can read this step-by-step guide.

However, most of you are.

Create a profile on the AMC website for AMC Investor Connect.

Once you’ve created your profile, checkmark the setting confirming you’re an AMC shareholder.

AMC NFT for shareholders
AMC NFT for shareholders – AMC NFT News

Those who enroll by December 31st, 2021 will get this NFT for free.

The NFT will be distributed by the Worldwide Asset Exchange (WAX).

WAX is an energy-efficient, ultra-low carbon footprint blockchain and the first certified carbon neutral, meaning it’s eco-friendly.

WAX is also the world’s leading blockchain, processing 15 million transactions daily.

You’ll receive an email with the instructions to claim your NFT once they have begun to distribute them.

Can I Trade This AMC NFT?

This shareholder NFT will be tradable or sellable.

And if chosen to trade, AMC will be compensated a royalty.

Very, very smart on AMC’s part.

Would I trade this NFT?

Not a chance, it’s a stamp in history.

I imagine the value of this second NFT will soar in the future.

Especially after MOASS.

Don’t Bet Against AMC Entertainment

AMC Entertainment News

AMC is the largest movie exhibition company in the United States and in Europe with approximately 950 theatres and 10,500 screens across the globe.

The company has shifted to a more innovative business model and has attracted a diverse shareholder base worldwide.

AMC has introduced online streaming, the acceptance of cryptocurrencies, and now NFTs.

This is only the beginning of a new era for the century old movie theatre chain.

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AMC Spider-Man NFT News: Movie Titles To Go Digital

AMC NFT News Spider-Man NFT
AMC Spider-Man NFT News + More

Adam Aron, CEO and President of AMC Entertainment announced during the Q3 earnings conference call that AMC would be introducing NFT movie titles.

NFTs in short are non-fungible tokens known to store data using blockchain technology.

These are usually in the form of digital arts and may hold exclusive content for the buyer(s).

NFTs are changing the way we transfer information.

AMC NFTs could become extremely valuable depending on how rare certain pieces will be.

franknez.com

Welcome to Franknez.com – today I want to discuss the variety of ways AMC Entertainment can use NFTs to broaden their market. This is exciting.

Let’s get started!

And if you want to read more on NFTs, read this full article I published on what NFTs are and how they’re changing the world.

Today, Adam Aron announced the very first ever Spider-Man NFT is under development with Sony Pictures!

This is big news.

Here’s how NFTs can benefit AMC Entertainment as a company.

AMC Could Offer Exclusive Membership Services

Owning an AMC NFT could mean you have access to exclusive membership services.

This could be in the form of movie premiers for an entire year combined with free popcorn, drinks, and candy for example.

Of course, these NFTs wouldn’t be cheap.

They are after all exclusive tokens.

AMC Entertainment could also limit the number of NFTs for specific benefits.

Blockchain technology allows NFTs to be limited; thus making the token more exclusive, and expensive.

An AMC NFT could offer a limited or variety of benefits to their customers.

Movie Title Collectible NFTs

Movie titles collectible NFTs Spiderman

This is where things get extremely fun and interesting.

AMC Entertainment could make 1 of 1 movie title NFT collectibles.

These NFTs could be worth hundreds of thousands of dollars to even millions of dollars.

Especially if they make one-offs.

AMC could launch these NFTs prior to a movie premier.

The company could then raise a lot of cash based on how iconic and in demand a specific NFT is.

They could also offer other packages, say 5 out of 5.

Perhaps the one-off NFT sold but there are still 5 out of 5 of a different version out there.

NFT collectors will buy these.

See, NFTs are assets that rise in value over time.

These digital assets only get rarer, especially if there’s a limited quantity of them.

This AMC NFT news has collectors quite excited.

These will mainly be favored by movie lovers.

Spiderman No Way Home NFT

Adam Aron has introduced the first ever AMC NFT today.

Spider-Man NFT

AMC Entertainment is partnering up with Sony Pictures for the very first AMC NFTs will be made.

More than 100 unique Spider-Man NFTs will be given away to its first 86,000 online buyers of December 16 tickets for Spider-Man No Way Home.

These will be available only for Stubs Premier, A-List, and Investor Connect members.

Will you be claiming your Spider-Man NFT?

Let me know in the comment section below!

How Are NFTs Purchased?

Ethereum Cryptocurrency

NFTs are purchased with Ethereum (ETH) cryptocurrency.

While certain NFTs do accept other forms of crypto, ETH is the main currency used to purchase these digital assets and collectibles.

And if you don’t hold any ETH, you can purchase fractions of the crypto using Coinbase.

Where will AMC sell their NFTs, we don’t know yet.

While there are several NFT marketplaces, it’s uncertain which marketplace AMC will use or whether they will have their own.

Final Thoughts

franknez.com

These AMC Entertainment news are most certainly bullish.

The company is going to be able to raise a lot of capital from selling NFTs to their customers and to collectors.

There’s a lot of strategy that could be put into action here that would allow AMC to get out of debt too.

As AMC begins to emerge themselves in this NFT space, the value of the company could grow significantly.

The digital world is expanding.

I believe the future is bright if you’re an AMC shareholder.

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I will be updating this article as this amazing chapter for AMC unfolds.

The launch of the companies first NFT will be featured on this page so be sure to bookmark it or subscribe to the blog to be notified for new updates.

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