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BIC’s Video News Show: 5 NFT Altcoins for May 2021

Jessica Walker looks at BIC’s May picks for altcoins behind up-and-coming NFT platforms in this episode of the BeInCrypto video news show. We she’ll go over each platform in detail and look at recent price movements.



Decentraland (MANA)

The Ethereum (ETH) blockchain powers Decentraland, a decentralized world. Users can buy property, build on it, and monetize it in this virtual world. They can also interact with the applications and content created by other users. It is distinguished by its decentralized existence.

MANA is the native token in this environment. It’s an ERC-20 coin, which means it’s based on the Ethereum blockchain. Users may use MANA to buy land and pay for goods and services in Decentraland right now. MANA tokens are available for purchase on a variety of centralized and decentralized exchanges, as well as swap services.

Looking at the graph, it shows how much NFTs and decentralized real estate have been in the news in recent months. In this scenario, MANA’s price has increased by 700% in the last few months.

However, momentum is slowing because the price did not surpass its recent peak of $1.63 last week. However, the general pattern continues. Despite the likelihood of a retest, the MANA token may benefit from the continued growth of Decentraland users.

BakerySwap (BAKE)

Centered on the Binance Smart Chain, BakerySwap is a decentralized automated market maker and NFT marketplace. The BAKE ecosystem, which began in September 2020, is driven by BAKE tokens.

Liquidity providers receive these tokens, which can then be used to collect a share of BakerySwap’s trading fees. They also take part in BakerySwap’s governance mechanism, which includes voting.

The chart shows that the price has approximately doubled every day and a half since lift-off on April 28.

After such a rapid rise, several coins experience a drop, and there has been one in the last day. However, the pattern has yet to be broken at the time of recording, so keep an eye on this one.

Chiliz (CHZ)

Chiliz created the sports fan engagement platform with its CHZ token. Chiliz essentially offers blockchain-based resources to sports teams and entertainment companies to help them interact and monetize their audiences.

But what does this have to do with NFTs? This year, NFTs are scheduled to be released on the blockchain in the form of soccer trading cards. Similar to what NBA Top Shot has already accomplished with digital basketball trading cards. In this scenario, though, it will be for teams from a variety of sports that have entered the network.

The CHZ chart has only recently reflected the project’s success, rising 900 percent in less than two months.

We’re currently trading in a range, and with more people trading it, it appears that some profit taking has occurred. But Chiliz is gaining traction, and this may be just the start of the token’s success. One more thing to keep in mind if you’re trading CHZ: long green candles are always preceded by nearly identical drops the next day.

Trilium (TLM)

“Alien Worlds,” a virtual economy in which players complete tasks in order to win Trilium in exchange for a chance to discover unique NFTs. This can then be exchanged for real-world currencies. Economic competition and collaboration are encouraged and promoted among players in this metaverse. This is accomplished by enticing players to fight for a limited resource.

The first is a zoomed-in hourly chart from the previous ten or so days. It depicts a nice, steady climb with no sharp drops, as well as some of the levels to be aware of. However, it does not tell the whole tale.

Take a look at the volume! In mid-April, TLM experienced a significant increase in volume. Much higher than when it was first published.

As a result, what we’re seeing now might be a sign of real demand for both the cryptocurrency and the ecosystem, as the volume data we’ve circled confirms.

My Neighbor Alice (ALICE)

Anyone can buy and own virtual islands, as well as collect and create objects, in My Neighbor Alice. Which can then be substituted for NFTs. NFTs are used to represent land, buildings, plants, and animals.

It’s worth noting that the platform includes in-game features such as property rental. This is made possible by a smart contract that oversees all of the rental processes and specifications.

ALICE is the game’s native utility token and is the last of the top five picks for May. It is used as an in-game currency, and its price chart appears to be at a critical point.

Moving on to technical research, we’re seeing the price drop to $16.9, a level that proved to be too high a month ago. On the other hand, the last week’s uptrend is still going high. One of these powers will have to yield, and when the winner emerges, we should see a breakout.


The NFT Sale of the ‘Kia Sedona’ Goes Sour as the Contractor Allegedly Steals $3 Million

A sale of tokens that could be swapped for “Kia Sedona” NFTs raised $3.1 million. But a contractor for the token sale platform Miso allegedly disappeared with all of the funds.



In the fast-growing market for NFTs, there have been several swindles, frauds, and rug pulls. However, this one strikes out as a little odd.

To begin with, the NFT sale itself was unusual. The entire concept was inspired by a recent meme on crypto Twitter about the Kia Sedona automobile brand (the joke being that the Kia Sedona is a type of hard money). As a result, ten unknown persons built a funky website called “Jay Pegs Auto Mart.” (It was unrelated to the automobile maker in any way.)

DONA reservation tokens were available for purchase. These could be acquired on SushiSwap’s Miso token sale platform, which is run by a decentralized exchange. Out of 10,000 DONA tokens available, each could be exchanged for one 2007 Kia Sedona NFT.

And the token sale went off without a hitch. It raised $3.1 million in ether (ETH), worth 864.8. When the mysterious team of shadowy super coders (another joke) decided to use Miso, they didn’t expect all of their finances to be taken away.

An unidentified contractor placed malicious code into the Miso platform, according to SushiSwap CTO Joseph Delong, changing the destination address for all incoming monies in the token sale to their address. According to Delong, the Jay Pegs Auto Mart sale was the only one affected, and all of the cash raised was stolen.

SushiSwap has urged Binance and FTX to identify the hacker by revealing their KYC information, but they have not done so, according to Delong. He added the platform had directed Stephen Palley, a partner at law firm Anderson Kill, to file a complaint with the FBI if the funds aren’t recovered by 8 a.m. ET.

On the good side, the Jay Pegs Auto Mart Twitter account promised consumers that the Kia Sedona NFTs would still be distributed despite the lack of funds.

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SLAM, a Basketball Brand, Joins the NFT Platform Autograph



Autograph has taken over the world of sports NFTs. Autograph, co-founded by future Hall of Fame quarterback Tom Brady, has signed deals with renowned athletes from various sports. In addition, the platform is teaming up with SLAM this week on the hardwood.

SLAM has streamlined its company into a new digital era and is known for its classic vintage magazine covers dating to 1994. Basketball enthusiasts may get news, unique features, digital material, and apparel through the portal. Without dipping into NFTs, it wouldn’t be complete.

Autograph and Its High-End Partners

Autograph has signed deals with Naomi Osaka, Derek Jeter, Simone Biles, and Tony Hawk in a short period. Top-tier athletes from many sports verticals make up the increasing advisory board. Additionally, autograph just partnered with DraftKings to give the sports betting platform access to NFTs.

According to a press statement issued this week, autograph will be a launch partner for SLAM’s NFT collection of classic magazine covers. Additionally, this will be Autograph’s first foray into basketball, with SLAM serving as a cornerstone for the platform’s introduction into the sport.

SLAM archives of the 300-plus covers that graced the front of SLAM for decades will be featured at NFTs. In addition, the NFTs will be available for purchase on the DraftKings Marketplace, which Autograph powers.

Blockchain Technology Meets Sports Media

Sports and technology are becoming increasingly entwined.

“We’ve been building a portfolio of companies focused on the convergence of sports media and blockchain technology, and this deal sits firmly at that crossroads,” said Matt Aronson, President of SLAM parent company JDS Sports. SLAM’s digital presence has grown to include over twenty social media channels with over 16 million followers. JDS Sports was also an early supporter of Autograph.

Through established partners, Autograph continues to push the fold on sports NFTs. The two have already issued NFTs for Tiger Woods, Wayne Gretzky, Simone Biles, and others through DraftKings Marketplace. Autograph, on the other hand, isn’t content to stop at sports. The platform also announced a relationship with Lionsgate in July. In addition, Autograph will develop digital collectibles for the new flagship movie series later this year due to the agreement.

It appears that SLAM isn’t starting or stopping here, either. In April, SLAM teamed up with rising basketball phenom Zion Williamson. This collaboration resulted in four limited-edition NFTs based on two of Zion’s SLAM cover appearances.

As brands, companies, teams, leagues, and individuals from practically every sport imaginable get involved, the convergence of sports and crypto continues to increase.

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Following Allegations of NFT Insider Trading, OpenSea’s Head of Product has Resigned

After being accused of NFT flipping using insider knowledge, Nate Chastain, Head of Product at prominent NFT marketplace OpenSea, appears to have left the company.



The Product Manager has resigned

Chastain’s Twitter profile has been altered to add the term “Past: @opensea” since he was called out two days ago, implying that the marketplace no longer employs him.

Though there isn’t proof that he was fired from OpenSea because of the allegations, it’s a strong possibility.

OpenSea CEO Devin Finzer has already updated his previous blog post about the event with the news that one of their employees “asked and accepted” his resignation just yesterday for violating their “duty to the community.”

According to the CEO’s update, OpenSea promptly commissioned a third-party investigation after learning of the event and is aggressively adopting its recommendations while the inquiry is ongoing.

Despite growing evidence against him, Nate Chastain has yet to issue a public statement. Meanwhile, the general belief on Twitter seems to be that he is guilty, with some even ‘celebrating his death’ with a fresh CryptoPhunk giveaway. However, despite Chastain’s misconduct, others express gratitude for his work for the NFT community and wish him the best in the future.

The Allegations and the Proof

Nate Chastain was accused of buying OpenSea NFTs with insider information before they were released on the platform’s site, then selling them for a much higher profit.

Chastain purchased the NFTs using burner accounts to conceal his identity; nevertheless, he was detected utilizing blockchain data, which proved that all of his winnings were being transmitted to his public address. Later, OpenSea published a blog post indicating that this “insider trade” had occurred.

Chastain made a profit of 19 ETH, which is worth more than $65k at press time.

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Bitcoin (BTC) $ 47,983.00 0.65%
Ethereum (ETH) $ 3,408.97 0.53%
Tether (USDT) $ 1.00 0.45%
Chiliz (CHZ) $ 0.325797 1.36%
Enjin Coin (ENJ) $ 1.63 1.80%
Decentraland (MANA) $ 0.813631 1.15%
Flow (FLOW) $ 20.49 1.11%
The Sandbox (SAND) $ 0.767948 0.94%
WAX (WAXP) $ 0.285929 1.35%
ECOMI (OMI) $ 0.005855 9.86%
Terra Virtua Kolect (TVK) $ 0.251508 7.69%