Cryptocurrencies

NFT-whitelisting

What is an NFT whitelist?

More and more new NFT projects keep appearing in the market and one way to get a secured space in the mint of these is through the Whitelist. The Whitelist is a way in which both users and creators of the collection can win, as users are given the opportunity to get the NFT at a low cost while for the creators, it serves as a list to get an idea of how the sale will go, even with this first exclusive mint you can get an initial fund to start moving the project further on the roadmap. How to join a Whitelist? Here we will share some recommendations for finding and joining Whitelist projects: Get to the project before the mint date All NFT projects in their early stages will have a Whitelist with a limited amount of slots, so if we get to the project on time we can see what activities the creators are doing to give away a spot on their WL. Join the social networks and the NFT project discord Every good NFT project has social networks mainly Twitter and much more important, they must have a discord server. Many times on their networks and discord there are competitions or invitational activities where the prize is a spot on the whitelist. In these accounts is where we will find the most updated information about the collection. Follow the instructions to join an NFT whitelist Each project manages its whitelist differently so it is important to always check what are the requirements to join a whitelist. Normally in the collection’s discord server, we can find a channel usually called #Whitelist-info. The whitelist is important because they give us an opportunity to join collections for lower prices, it is a way to get even closer as a user to a project. What is important to mention is that many times by DM both in discord and Twitter we can receive messages offering us places in a whitelist or telling us that we have been selected, many times these messages can be a scam. Remember that no moderator or project founder will send you a DM.

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Whitepaper NFT

How to write a White Paper for Cryptocurrencies

Every crypto project that you want to rely on must have a white paper which is a document that includes all the detailed information about what you want to achieve with your project, its architecture, and the interaction with the users. A whitepaper should contain these points: Introduction: Write an introduction that hooks people to continue reading the rest of the whitepaper, you can start by giving the objective you hope to accomplish to talk about it later, explain the benefits and give an overview of the content that we will find in the whitepaper. The team: Introducing the team is an essential and fundamental part of the white paper, it is the human part inside a document full of technical specifications, you can include photos and small descriptions of the team such as what is their role in the project and their experience within the crypto world. Table of Contents: White Papers are technical documents, so on average they can have from 25 to more pages, so we can place a table with all the contents to touch, so the reader can locate the important topics and even read will the document by the topics that most interest him at the beginning. The objective of the project: This is where we start talking in-depth about the project, so take as many pages as you need to explain what is most important, explaining what the project is and where it is headed. How you are going to achieve it: In this part, you can talk about the prototype data, first users, development strategy, and a bit of the road ahead. Tokens: We will use this part to talk specifically about the tokens that make up the project, the way they work, and what their special features are. In the end, this is the image of the project, it is what people are going to see visually in their wallets so we have to give it a good presentation. How the funds raised will be used: It is necessary to show investor users where their money is going to be going in the early stages of the project so that they have a better notion of the investment they will make for the development of the project. The roadmap: Every good crypto project should present a detailed roadmap for the next 12-24 months, which you can make eye-catching by showing that it has been completed and where along the road the project is going. Legal Notice: Do not forget to place a legal notice or disclaimer, which should contain any important legal restrictions or notices. As certain regulations in countries and in general things help to indicate that in the end we all risk for the project and if it does not go well we all know what we were getting into. Alternate Modalities to White Papers Next, we will show additional documents to the white paper which are intended to complement the information found in the White Paper. One Pager A document that describes the White Paper in a more summarized form, normally with an extension of one or two pages at the most. Yellow Paper When we have complex innovations at a technological level, a yellow paper helps to describe well all these ideas and serves to expose to the investor if the team has the necessary technical capacity to develop the project correctly. Beige Paper It is a less technical and complex Yellow Paper for the understanding of all audiences. As final tips when preparing a White Paper we must use a formal writing style, without spelling mistakes and almost perfect writing is very descriptive and professional. We should review it more than once before publishing it and we also recommend translating it into the most spoken languages so that it can reach more people. At The Blue Manakin, we help you with your white paper to make it as detailed and eye-catching as possible.

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smart contract

How to write an NFT Smart Contract

Writing an NFT smart contract is something that can be done with programming, if we are not programmers we can hire one to make our own NFTs code, but here we will discuss how to do it with some common platforms for the creation of smart contracts. What is a Smart Contract? A smart contract is a code stored in the blockchain. In the NFT world it is what contains the collection of digital assets that we create and with it we can sell our NFTs on different platforms such as Opensea. What are the advantages of having our own smart contract? Creating your own smart contract, as opposed to having a shared one from platforms such as Opensea, gives you many advantages such as: platform independence You do not run the risk of having your collection limited or undergoing policy changes. You have more courage and confidence in the long run Making Web3 integrations easier Manifold.xyz Manifold.xyz is a completely free and one of the most convenient tools to create smart contracts in Ethereum without programming and allows to set shared royalties for all marketplaces that support this option. To create our own smart contract: Let’s go to the application Click on Start New Contract. Choose whether we want it to be ERC-721 (1/1) or ERC-1155 (1/x) NFTs. We write the name of the collection and the initials The contract goes to an ethereum test blockchain known as Rinkeby where we can request ETH for free in order to minify the contract and verify that everything is correct so we can now launch it to the ethereum mainnet by clicking on “Edit” in the Dashboard and clicking on “Confirm”. In our Dashboard we can also see the smart contracts we have created and manage them to create new NFTs or give access to wallets. Manifold offers other options but for them you must have a little knowledge in programming, but in general as we have explained you can generate smart contracts. Rarible Rarible can create smart contracts on Ethereum, Tezos and Flow blockchains by following these steps: Go to Create We choose the blockchain of our preference. Log in with the corresponding wallet Click on “Create Collection”. We generate our own smart contract. We fill in information such as the name of the collection, the contract and initials The process would be followed in the same way for all blockchains. Studio 721 Studio 721 helps us to generate our smart contract in Ethereum offering us several useful tools, it is somewhat more advanced but the customization possibilities it has are greater. The platform allows us to get a little more into the generated code, thus introducing modifications, and it also allows us to generate a pfp project with its Artkit in the smart contract. Studio 721 You can: Make collaborations with other collections so that users who own your NFT can mine in your smart contract, Generate whitelists Store your NFT metadata wherever you want. You can create an interface to mine NFTs in a specific contract. As we can see, there are platforms that make it easier for us to generate our smart contracts, so there is no excuse not to start creating our collection if we have a good idea. In The Blue Manakin we are always here to guide you with your collection.

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Blockchain Shiba inu

“Shibarium” the new Shiba Inu Blockchain.

Many or most of the people in the crypto and technology world know about the existence of Shiba Inu (SHIB).  This cryptocurrency had quite unexpected price growth that even though it did not reach a cent on the dollar, many people made money with it. As we currently know, we are going through a difficult time for cryptocurrencies, due to the Bitcoin crash and the lack of confidence in projects as none of them are really stable.  But Shiba Inu might find a small “lifeline” that could give the currency a boost and keep it afloat. We are talking about its new blockchain Shibarium, a solution that will allow this token to have a greater “utility”. ¿What is Shibarium? Shibarium will be the new and independent blockchain, which will allow SHIB users to make transactions at a lower cost as currently, the SHIB blockchain belongs on the Ethereum network. All Shib tokens in circulation will be moved to this new network with faster transactions, giving the token a better utility and obtaining a quite interesting investment opportunity. When will Shibarium be released? It is common knowledge that it is under development, so most likely later in the year. This new Shibarium blockchain is generating anticipation among Shiba investors, which is why, once it is launched, it will be very well received by the community. At The Blue Manakin we like to keep you up to date with news about cryptocurrencies and NFT projects, but as always we like to remind you to be well informed before making an investment and never invest money that we can’t afford to lose.

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Protect yourself while buying your cryptocurrencies and NFTs

In the last year, it has become more and more normal to see crypto assets, such as cryptocurrencies (BTC) and NFTs, being increasingly adopted by society, and being accepted as a method of financing and payment. It is therefore important that if you are going to start getting into this world, do it carefully as scams are still the order of the day. In fact the Federal Trade Commission reported that the largest loss of all time had a value of $ 82 million. Here are some of the most common ways you can fall for scams : Fake websites Many times we may enter websites that may look secure, and give the appearance of being user-friendly or very similar to original websites, but in most cases, the fake domains will be fake. The domain names look very similar to those of the original websites. It is important to take a moment to analyze the website, one way to find out if it is a fake domain is to look at the characters in the domain as they use letters similar to numbers in real domains and vice versa. Fake e-mail Being one of the methods of communication it is very common to find emails very similar to those you would receive from an original brand, but there are details that we could look for. For this case we recommend you to take a good look at who is the person who wrote to you. For example: suppose you receive an email from Amazon, you will see that it is the same, but the email that is sent to you is a strange contact. Another extra measure is to never click on the links we receive until we are 100% sure that it is an original email because this way we can fall into cybersecurity attacks. Social network scams When we start to get into the crypto world through social networks, following verified influencers, or news accounts on this medium, it is common that we start to receive countless messages from people promoting a cryptocurrency or NFT. It is important to taste and know that no project founder or its moderators will contact you by DM to offer you a WL post, or an airdrop just like that, preferably close your DMs to reduce your probability of falling into a scam. Gift scams Often, you will find some giveaways on most social media platforms of celebrities or well-followed social media accounts. Scammers have noticed this trend and have started to establish it. Scammers will use these giveaways as bait and ultimately for their trap. As soon as you respond to these giveaways, they will need you to send some cryptocurrencies to verify your address. And they promise to give you even more after verification. But after you send your cryptocurrency, you slowly start to realize that you have been a victim of a giveaway scam. Investment scams Many times scammers create unbelievable projects, which promise many good things and practically nothing bad thus selling a “lucrative opportunity”. These are the two main types of investment scams you should be aware of: One ICO: They start by raising money through an ICO, but once they get the necessary funds they get out and take all the investment. Carpet mining scam: In this scam, a new coin is created and put into an exchange. After people have exchanged their cryptocurrency for the new one the developers terminate the project. It is important that this kind of scam happen with projects that are just starting, our recommendation is always to invest money that you can afford to lose and also always investigate who are the creators of the project, if they have a marketing company behind it, what companies are behind it, verified celebrities that share it. That way you can be less sure that it is going to be a scam. Use strong passwords and two-step verification One recommendation is always that you should never use one password for all your accounts, especially if they are passwords that can give people access to your money. Nowadays there are many password managers that can help you avoid forgetting a password. Another important step here is that if your account has a two-step verification option, always have it so that if someone manages to access your first barrier of defense, which is your password, you have a way to act quickly by a second verification method. Finally, the cryptocurrency industry continues to evolve with new and increasingly advanced security measures, so an extra recommendation to always take into account, is to keep abreast of new policies and security measures that have all the platforms we use and as mentioned above, in these places is our money, it is up to us to take this extra step of security to take care of it better.

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Ukraine sells a cryptopunk NFT #5364 donated for 90 ETH

In the wake of recent war events around the world, we have been able to realize how important cryptocurrencies can be, as we have witnessed uninterrupted monetary support in the form of cryptocurrencies such as BTC and ETH and tokens such as NFT. Ukraine’s Deputy Minister of Digital Transformation, Alex Bornyakov in a way to be able to support his nation in this complicated time, has announced the sale of cryptopunk #5364 for 90 Ethereums (ETH)which had been received as a donation on April 20, 2022. The NFT CryptoPunk #5364 was donated by user 0x165cd3 in the campaign that was run known as Aid For Ukraine. Initially, the NFT was worth 16.19 ETH, which at the time was worth USD 31,722, but shortly after the NFT was donated to Ukraine it received an offer to buy it for 100 ETH being the highest offer it has ever received. But it wasn’t until recently that Ukraine decided to sell CryptoPunk #5364 for 90 ETH, valued at USD 102,640 in the bear market we currently have. While NFT may have decided to sell due to these same declines, then better to take advantage of it now. Ukraine is the third non-EU country, after Norway and Liechtenstein, to join the European Blockchain Partnership (EBP) as an observer. Following this step, the country plans to expand its interstate blockchain network partnership with other countries looking at ways to implement cross-border public services based on blockchain technology, something we expect to see in the future with more countries as blockchain technology grows in popularity. More however this NFT has not been the first to support Ukraine, as crypto donations during the Russia-Ukraine war proved to be important support raising over $600,000 through NFT, which will be used as war bonds to rebuild the country’s museums, theaters, and other cultural institutions that have been destroyed in the Russian invasion. Mykhailo Fedorov, the country’s deputy prime minister, tweeted that “while Russia uses tanks to destroy Ukraine, they rely on revolutionary blockchaintechnology.” Another example is that Ukraine’s MetaHistory NFT-Museum in less than a day sold 1,282 works of art for 190 ETH These NFT illustrate the history of the Russian invasion of the country, these being the remains of buildings, fallen soldiers, and burning flags, all displayed as NFTs In these difficult times, we can see the true potential and power that cryptocurrencies and blockchain technology can have beyond just generating money for us, but can serve as a boon across borders. So the president of Ukraine, Volodymyr Zelenskyy, signed The Law on Virtual Assets which allows foreign and Ukrainian cryptocurrency exchanges to operate legally in the country.

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Soulbound tokens: the future of NFT and Ethereum

Ethereum co-founder Vitalik Buterin released a 37-page paper in which he explains that the future of Ethereum will be centered on a new ecosystem called Decentralized Society. This new future is going to be known as “soulbound tokens (SBT)” whose name possibly has an assignment to the soulbound items from the “World of Warcraft” video game, which is expected to be available for use later this year. The SBTs are NFT that a person can obtain based on their work and educational history, the main difference with the classic  NFT is that they are not transferable but revocable and they will be stored in a “Soul” wallet forever. The goal of SBTs is that they represent a person’s history and achievements functioning as an extended resume. In addition, the Ethereum document explains that if a Soulbound token is lost, it can be recovered through community recovery, meaning that Soul is the “intersectional vote” of its social network. The idea is to use these tokens as a kind of unique badge which represents people’s social identities being personalized and not interchangeable. These tokens could help with problems such as scams and theft. The STB tokens could encourage Web3 by decreasing reliance on centralized companies and people gaining greater ownership of their digital identities. What new uses would Soulbound tokens have as compared to regular NFTs? An example could be with university degrees since the university could grant them as SBTs which as it is non-transferable, the graduate would not be able to sell, unlike if this degree was given as an NFT. The SBTs could equally serve as tickets for an event or festival since this way the organizers could ensure that a specific person would attend a conference or event since they would have an SBTs to back it up Another technology proposed by these new tokens are Soul drops. These come as typical crypto Airdrops but are based on calculations on SBTs and other tokens within a Soul. It is expected that Soulbound (SBT) to be available for use later this year.

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Celsius network

Celsius Network’s collapse as a trigger for the Bitcoin crash

In May, the Terra USD cryptocurrency caused the market to collapse, leaving concerns, extreme fear, and distrust in cryptocurrency projects. Many people opted to start withdrawing their investments causing lows in coins like bitcoin that had not been seen in a while. Now, this past week we have seen a new drop-in cryptocurrency project which has left bitcoin at an all-time low that it has not been at since 2019. This has happened because cryptocurrency lending platform Celsius Network left 1.7 million users unable to redeem and withdraw their assets as they made the decision to freeze withdrawals in bitcoin, excusing themselves on “extreme” market conditions, thus highlighting one of the biggest mistrusts in the cryptocurrency industry: Weak collateral for investors. Now looking at the legality framework part, cryptocurrency platforms like Celsius Network are always seeking to be regulated by the US market, but they always run into roadblocks and have been too slow to provide the clarity needed to protect users, but expect that to change soon. As extra context, crypto lender platforms like celsius network collect crypto deposits of bitcoin or any cryptocurrency from retail customers and reinvest them. Sometimes with very good returns to be true double digits, these products have attracted tens of billions of dollars in assets. However, with its investments worsening amid the cryptocurrency market downturn, especially bitcoin, Celsius was unable to pay out refunds. As a result, its clients had little visibility into how their assets were invested and it is unclear whether they will get them back. Celsius CEO Alex Mashinsky tweeted Wednesday that the company is focusing on customer concerns “Investors want to know their assets are safe,” said Mike Belshe, chief executive of BitGo, a digital asset trust company. “We’re going to see a shakeout of healthy companies that manage risk well.” Here at The Blue Manakin, we are always out to educate and stay on top of what’s happening in the crypto world. We always remember the importance of researching where we put our money, and everything that backs a project on the blockchain, be this the people behind it, especially in your marketing company, we have years of experience to back us up

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Prohibición de las criptomonedas

Is it possible to ban cryptocurrencies?

The accelerated advance of blockchain technology, its penetration of different areas of the traditional economy, and the solution that it has represented in a very effective way for many problems, such as inflation or financial fraud, certainly raises a question that is fair to ask: Is it possible to ban cryptocurrencies?

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criptomonedas y la inflación a comparación con el dinero

Do cryptocurrencies suffer from inflation?

Bitcoin (BTC) currently has an inflation rate of only 1.8% per year; almost half relative to Chile’s inflation

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Monedas a minar este 2022

Best Coins to mine this 2022

There are so many alternatives to mining cryptocurrencies, that it is often as difficult to follow each one closely as the way your market is performing. For this reason it is a complex task to decide mine cryptocurrencies, in this post we will talk a little about which are the best cryptocurrencies to mine because they combine the fact that They are relatively new and their value can be very volatile according to some experts. Shiba Inu (SHIB):  This is a memecoin (a coin that arose from a meme) taking advantage of the success of dogecoin. Although it is currently valued in fractions of a cent, the truth is that it is a new currency and that experts say that it can be traded overnight. More and more people are following this token and it is speculated that it will eventually be accepted to buy shares. Although now it has been losing value, there is no doubt that in the future it may have an increase. Solana (SOL):  Currently $SOL is the fifth cryptocurrency with the most capitalization in the world exceeding almost 62,000 million dollars. Solana has had a notable rise during 2021. Although It began the year 2021 at less than 2 dollars, at the beginning of November of the same year it reached a historical maximum of 260 dollars and is currently around a price of 200 dollars. Cardano (ADA): It is just behind the $ SOL, with a capitalization of 55 million dollars, it also had a huge rise during 2021. The Altcoin Cardano started the year trading below $ 0.20 and rallied to $ 3, becoming one of the top three cryptocurrencies for a while. It is currently hovering around $ 1.3, with the hope that it can once again have a substantial increase in its price. Avalanche (AVAX):  At the beginning of 2021, it was trading at just over $ 3, at the end of November of the same year, AVAX reached an all-time high of $146, more than enough to outperform currencies already positioned as dogecoin and become one of the top 10 cryptocurrencies of the world. Currently, AVAX is trading at more than $ 116 with a market capitalization that exceeds $ 26 billion, it is one of the main contenders to face Ethereum because it will work in the realization of smart contracts.

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Distrokid joins NFT with “Sellouts”

The world of the NFT continues to grow and all sorts of brands are adding to an ever-expanding market.

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A major NFT marketplace closes unexpectedly.

After taking place in the NFT universe as one of the most important MarketPlace, Hic Et Nunc has ceased its operations without prior explanation. After more than $50 million in transactions, the blockchain-based marketplace Tezos was detained.

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29 million dollars for a NFT. Beeple does it again

This Tuesday, November 9, beeple managed to sell HUMAN ONE for $28.9 million

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How do you explain the rally of Ethereum and Bitcoin?

While the rest of the cryptocurrencies recover their position, Ethereum y Bitcoin continue to strengthen. ETH above $4,700 and BTC above $66,900 respectively. DeFi are definitely a trend that perfectly explains the success of cryptocurrencies.

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Do you know the NFT NYC?

The NFT universe has gained extraordinary importance in a very short time. What were the 4 days of the most important event for NFT lovers about?

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Get to know a little about Shiba Inu, the cryptocurrency of the moment.

This year, Shiba inu multiplied its value by more than 1000%, which is equivalent to a capitalization of 35 billion dollars.

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How to avoid fraud in NFT?

The explosion of NFTs has a foreseeable consequence, as investors, collectors, artists, traders, and creators, are increasing, scammers are also inevitable. For an investor in NFT, caution is the greatest asset.

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Upgradable NFTs. The future of NFTs?

As happened more than thirty years ago, when Pop Art broke in with Andy Warhol as the main standard-bearer, his work consisted largely of the intervention of photographs, especially advertising. Like the iconic Marilyn Monroe photo, where all credit for the stir it caused was attributed to Warhol, regardless of the original photograph being taken by an artist whose credit is zero. The example is mythical, but like this one, there are thousands. Returning to the present, in the context of NFTs this could be one of the solutions to come.

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How to classify NFTs according to usefulness?

Although NFTs are a concept that exploded this year, their existence in the digital medium dates back a bit. We speak of 2015 as if it were a remotely distant past, but as the evolution of this medium has been exponential, it seems that it truly is. Just over 5 years ago, John Haegele, an important figure in the sports media in the United States, found an important utility in the NFTs to reinforce the security in the sale of NFL tickets, using a process through the blockchain validation that made it impossible for resellers to counterfeit tickets.

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