• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Nexo

DAO Maker Entering the NFT Market with the Launch of Limited PFP NFTs of Global Sports Stars

Steven Hay by Steven Hay
2 months ago
in Industry
0

The latest cryptocurrency project to join the metaverse adoption wave is the decentralized finance (DeFi) project, DAO Maker.

DAO Maker has launched its NFT issuance market. Its first lineup is a profile pic NFT avatar for global sports stars with hundreds of millions of fans. These NFTs will be official, licensed, and endorsed by their families.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

DAO Maker’s NFT launchpad will announce its first sale of the NFT Club collection on April 6. The first collection is of the iconic Diego Maradona, one of the joint winners of FIFA player of the 20th century.

Multi-investment platform

DAO Maker is a multi-investment platform working on redefining venture capital by providing scalable technologies and funding support to tokenized startups. First conceptualized in 2018, this venture capital platform has since evolved to create low turnout frameworks enabling many individuals and retail investors to become active in the VC world.

By funding through DAO Maker, the risks for both parties, investors, and startups are significantly reduced.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

As a platform, it allows its community members to stake tokens into the Venture Yield, enabling them to participate in public, private, and seed rounds of funding, incentivizing the most loyal and active members.

Its native token is called DAO, which is the governance token of the DAO Maker Ecosystem built on Ethereum. With a market cap of $246.29 million, DAO is trading at $2.69 as of writing. The coin is up 15.6% in the last 30-days.

The project uses social mining to encourage its community members to participate in the progress and expansion of the projects hosted on the platform. This method allows startups to leverage token holders to become successful DAOs, which improves the economic output of token holders and turns flippers into holders.

After focusing on branding in 2021, the DAO Maker team is now working on scaling the operation to new products not limited by a random selection process. In March, they led the development of cross-chain stablecoin farms for ERC-20, massive public sales, multi-chain support for ERC20 & BSC tokens, and venture yield staking on BSC.

The team will launch cross-chain stablecoin farms for BSC and venture farming MVP in April and make a significant new product announcement.

NFT Explosion

NFTs, the newest trend in the crypto market, have taken the whole world by storm. While the first NFT emerged year back in 2014, in 2021, they exploded into popularity. NFT trading volume rose by 704% between Q2 2021 and Q3 2021, hitting $10.7 billion in the latter quarter, according to NFT market stats.

Overall, the NFT marketplace grew to almost $41 billion in 2021, according to blockchain analytics firm Chainalysis. This mania led to the most valuable NFT worth more than $91.8 million. However, more than half of all NFT sales are less than $200.

NFTs use blockchain technology to store a unique and non-interchangeable unit of data on a digital ledger to establish proof of ownership. Unlike a unit of Bitcoin, each NFT is unique and can’t be exchanged for another one.

Currently, Asia is leading the NFT adoption, while 23% of US millennials are also busy collecting NFTs either as an investment or as a hobby.

Among NFTs, profile picture NFTs are particularly popular, with CryptoPunks accounting for five of the 20 biggest NFT sales. CryptoPunk #7523 was sold for approximately $11.8 million — the fourth largest NFT sales.

Taking on PFP NFTs

DAO Maker’s NFT launchpad will begin with profile pics (PFPs) NFT avatars for global sports stars with a collection that has an established fanbase of billions of people collectively. Its first sale occurred on April 6. DAO Maker’s first NFT project is NFT Club, a collection of 5,000 NFTs, each made up of exciting, unique traits.

NFT avatars have gained immense popularity during this round of NFT adoption and are helping people embrace anonymity on social media.

PFPs have been more than just a speculative investment tool, though. They have also been used to earn social capital. Besides becoming a covetable property, they have become a way to flex wealth and to show that you belong to a particular club.

Last year, Twitter allowed users to use an NFT as a profile picture by connecting the supported digital wallet to the app. Those with NFT profile pictures on the site are differentiated by a hexagon instead of the original circle.

PFPs also led to the rise of digital NFT fashion, which is seen as an enormous opportunity for brands.

With a Focus on Primary Sale Market

As we saw, NFTs rose to popularity extremely fast with the retail coming barging in, but the space has yet to solve the complexities involved in terms of fragmented operations. With the barrier to entry low, individualized collections run independent exposure and marketing campaigns, relying on a loose network of influencers, media, and NFT info platforms. While the costs involved are high, the process is intransparent.

These kinks, however, will be smoothed out as the space grows, which is here to stay.

As adoption and momentum continue, and the NFT sector records sustainable high-demand opportunities, DAO Maker is now entering the largest metaverse segment.

DAO Maker believes the NFT addressable market could be more significant than just utility tokens, but the sector still has only a few established players. Even then, they only focus on the secondary trading of NFTs.

Instead of secondary sales, however, the organization is focused on the primary market, the issuance stage, which is the point of DAO Maker’s strength. According to DAO Maker, this underserved part of the NFT market has little competition yet an immense need for an established primary sale market of NFTs.

As such, DAO Maker is starting its journey to be the foremost NFT issuance platform, and as part of its kickoff series, they’ll announce the first collection this Wednesday. This collection alone may have a fan base of billions of people.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Steven Hay

Steven Hay

Related Posts

How To Spot a Trustworthy Crypto Casino

How To Spot a Trustworthy Crypto Casino

2 days ago
Naughty MOAI – The Ecosystem For Real World Impactation on Metaverse

Naughty MOAI – The Ecosystem For Real World Impactation on Metaverse

2 days ago
B2Broker to Offer Annual Payments for its B2Core, MarksMan, and B2Trader products

B2Broker to Offer Annual Payments for its B2Core, MarksMan, and B2Trader products

2 days ago
Yasha’s Recent Extensive Smart Contract Audit through Certik

Yasha’s Recent Extensive Smart Contract Audit through Certik

3 days ago
Next Earth launches a charity game in collaboration with SEE Turtles: Users can win $200,000 worth of NXTT and unique NFTs while cleaning the ocean

Next Earth launches a charity game in collaboration with SEE Turtles: Users can win $200,000 worth of NXTT and unique NFTs while cleaning the ocean

3 days ago
Science DAO Provides Pre-IPO Investing Access

Science DAO Provides Pre-IPO Investing Access

4 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.