Hi everyone. If you guys don't know me, my name is Nick. Welcome to NFT Daily. For those of you who are new to this channel, there are two shows each day. The first show will appear every morning. That will be exclusively on Cryptos and the evening show will just be on NFTS.
The first thing I want to look at is the overall NFT market space. Most NFT eco-systems are taking a bit of a dump because of Bitcoin's slump. Weak hands were basically shaken out of the market. If we take a look at the top 5 NFT eco-systems most of them were down as much as 20% today.
However with all that said I have some NFT news to go over. And while the Bitcoin ecosystem is cleaning up this space by liquidating leverage traders, it is a good time to earn money by farming and generating yield. That now leads me to how I ended the conversation the other day about the Refinable token called Fine. If you guys already have some PancakeSwap tokens or Binance Coin tokens, then this is an opportunity to earn some fine tokens by going over to PancakeSwap.finance page. I will have a link at the bottom of the video. Here you can earn all types of yield in various digital assets in the Binance Smart Chain family. But for now, we will focus on earning more Fine tokens.
The first option if you would like to earn more Fine tokens is by heading over to pancakeswap finance/pools and scroll down until you find "Earn Fine" which is right here. The APR is around 90% which is amazing because you will not get that from a regular bank account. So if you have CAKE tokens all you need to do is deposit your CAKE tokens via the stake button right here. Now if you are not comfortable with doing that, then please do not. We are still in the wild-wild west of Cryptos where smart contracts get hacked so I understand. However, I understand the risk, that I can lose everything and to me that is okay. I am 100% comfortable with that. No risk no rewards. You have to find your own comfort level. So the APR for that is round 90 again in case you do not want your tokens just stilling in your hardware wallet.
Now the second option is if you have the Binance and Fine token, you can become a liquidity provider and earn Fine-BNB LP tokens by just going over to pancakeswap.finance/farms. The APR is insane which is about 190% at this time. So instead of just sitting on your tokens and not doing anything with them whether they are on an exchange or hardware wallet, then this is the best time to make extra money while the market is choppy. Now again I want you guys to be 100% aware of the risks here. These products can disappear the next day and all your funds can be gone so invest wisely and understand that you can lose everything. Me personally I have used PancakeSwap for a long time now, and I am comfortable enough to deal with the risks. Also, I am looking at other platforms to lessens those risks as well so my eggs are not in one basket. Again you do you and take wise steps.
Now the next project I want to talk about is Curate. This is the world's first all-in-one marketplace app offering NFT auctions and minting as well a general physical/digital goods marketplace, all of which is supported by blockchain technology.
Curate provides a fairer and more transparent open marketplace by offering an industry-low 4% seller commission and provides buyers with zero fees when they use "XCUR" which is their native token to purchase in-app. All buyers and sellers are also rewarded in XCUR on all transactions.
XCUR again is the native utility token with the following use cases:
Purchases on the marketplace app
Get zero gas fees when used to purchase in-app
Rewarded to buyers/sellers on every purchase
And you can stake to accrue APY%
You can also spend these tokens on their partners and merchants such as Travala.com which I have used in the past before, CoinPayments.net, and many more like Expedia and Viator.
Now the next story, I want to address is about the lawsuit that was filed against Dapper Labs, Inc to both the founders and Chief Executive Officer of Dapper Labs, in New York State’s trial court. This would make them the first defendants in what could turn into an onslaught of lawsuits brought against issuers of NFTs. The complaint being filed is that NBA Top Shot Moments — which are a type of NFT — are securities, which the defendants “promoted, offered and sold” in violation of federal securities laws. Guys quite honestly this is silly in my personal opinion. We all know people among friends of friends who sell sneakers, comic books, baseball cards, art, e.t.c for a perceived value. So would these things also be considered securities? Personally, I doubt this case will go anywhere, but let me know what you guys think
Great way to end this conversation. Before I go please Like, Subscribe, and Share this video with as many people as possible. Our goal is to inform and educate very well. And if you have any questions, please let us know. Have a great day.
Sources
PancakeSwap Info & Analytics. (2021, April). PancakeSwap. https://pancakeswap.info/
NFT Marketplace Comparison. (2021, April). Curate. https://curate.style/
Tinianow, A. T. (2021, May). No Slam Dunk For Plaintiffs In NBA Top Shot Moments Class Action Lawsuit. Forbes. https://www.forbes.com/sites/andreatinianow/2021/05/17/no-slam-dunk-for-plaintiffs-in-nba-top-shot-moments-class-action-lawsuit/?sh=4357c994df3d
Nick is a content creator for Sobuka with a background in programming, information technology, finance, and digital forensics.
You can reach the team here
Steemit: @Sobuka
Disclaimer
The information on this blog is not financial advice. Before you invest in cryptocurrencies, please speak to a financial advisor.