</noscript><div id="__next"><div class="sc-a3a1297a-0 dGGUIJ"><div class="modal"><button class="close_button"><svg width="12" height="13" viewBox="0 0 12 13" fill="none" xmlns="http://www.w3.org/2000/svg"><path d="M5.98119 5.2L10.2242 0.957001C10.6147 0.566536 11.2477 0.566535 11.6382 0.957C12.0287 1.34747 12.0287 1.98053 11.6382 2.371L7.39519 6.614L11.6382 10.857C12.0287 11.2475 12.0287 11.8805 11.6382 12.271C11.2477 12.6615 10.6147 12.6615 10.2242 12.271L5.98119 8.028L1.73819 12.271C1.34772 12.6615 0.714653 12.6615 0.324188 12.271C-0.0662779 11.8805 -0.0662777 11.2475 0.324188 10.857L4.56719 6.614L0.324188 2.371C-0.066277 1.98054 -0.0662779 1.34747 0.324188 0.957C0.714653 0.566535 1.34772 0.566535 1.73819 0.957L5.98119 5.2Z"></path></svg></button><h2>connect your wallet</h2><p class="description">to get access to your NFT & Ambassador profile</p><div class="list"><div class="list_item"><a target="_blank" class="button_item" rel="noreferrer nofollow" href="https://metamask.app.link/dapp/choise.com?null"><span class="icon"><img src="/pic/nft/connect-wallet-icons/metamask.svg" alt="MetaMask"/>MetaMask</span><span class="popular">Popular</span></a><p class="how_to_install">How to <a href="/news/tutorials/how-to-install-metamask">install Metamask?</a></p></div><div class="list_item"><button class="button_item"><span class="icon"><img src="/pic/nft/connect-wallet-icons/wallet-connect.svg" alt="WalletConnect"/>WalletConnect</span></button></div><div class="list_item"><button class="button_item"><span class="icon"><img src="/pic/nft/connect-wallet-icons/binance-smart-wallet.svg" alt="Binance Smart Wallet"/>Binance Smart Wallet</span></button></div><div class="list_item"><button class="button_item"><span class="icon"><img src="/pic/nft/connect-wallet-icons/coinbase-wallet.svg" alt="Coinbase Wallet"/>Coinbase Wallet</span></button></div></div></div></div><div class="sc-77f1c4c1-0 eEzKcN" id="mobile_nav"><div class="sc-e7592e74-0 icIbuO center_block " width="1200px"><ul class="mobile_nav"><li class="top_links"><span class="link_title "><p>Earn</p><img class="drop_arrow" src="/pic/mobile-drop.svg" alt="Earn"/></span><div class="sub_drop "><ul class="drop_block "><li class="drop_link "><a href="/bitdriven">🚀 Bitdriven<!-- --> <span class="label_heading yellow">up to 1200%</span><p class="description">Earn on BTC driven portfolio. Exclusively at Choise.com!</p></a></li><li class="drop_link "><a href="/dual-currency-interest-account">🔥 Dual-currency interest accounts<!-- --> <span class="label_heading black">up to 50% APY</span><p class="description">Highest income rates</p></a></li><li class="drop_link "><a href="/earn">Web 3.0 interest accounts<!-- --> <span class="label_heading black">up to 10.7% APY</span><p class="description">Stake and earn on in-house DeFi platform</p></a></li><li class="drop_link "><a href="/interest-accounts">Interest accounts<!-- --> <span class="label_heading black">up to 13.5% APY</span><p class="description">Get passive income with your crypto, easy</p></a></li><li class="drop_link "><a href="/nft/fend">NFT interest account<!-- --> <p class="description">Mint your NFT and start earning</p></a></li><li class="drop_link "><a href="/predictions">AI Price predictions<!-- --> <p class="description">Prefer daily trading? Predict prices and win big</p></a></li><li class="drop_link "><a href="/price-insurance">Price insurance<!-- --> <p class="description">Hedge against BTC and ETH price fall</p></a></li></ul></div></li><li class="top_links"><span class="link_title "><p>Explore</p><img class="drop_arrow" src="/pic/mobile-drop.svg" alt="Explore"/></span><div class="sub_drop "><ul class="drop_block "><li class="drop_link "><span class="link_title_sub ">Wallet<img class="drop_arrow sub" src="/pic/main-nav-drop-arrow.svg" alt="Wallet"/></span><p class="description">All-in-one multi-coin wallet</p></li><li class="drop_link "><a href="/cards">VISA card<!-- --> <p class="description">Plastic & Virtual</p></a></li><li class="drop_link "><a href="/charism">Charism platform<!-- --> <p class="description">Earn with the top DeFi products</p></a></li><li class="drop_link "><span class="link_title_sub ">NFT<img class="drop_arrow sub" src="/pic/main-nav-drop-arrow.svg" alt="NFT"/></span><p class="description">Choise.com collections</p></li><li class="drop_link "><a href="/dao">DAO<!-- --> <p class="description">Your voice matters</p></a></li></ul></div></li><li class="top_links"><span class="link_title "><p>Tokens</p><img class="drop_arrow" src="/pic/mobile-drop.svg" alt="Tokens"/></span><div class="sub_drop "><ul class="drop_block "><li class="drop_link "><a href="/tokenomics">Tokenomics<!-- --> <p class="description">Use MetaFi tokens to the maximum</p></a></li><li class="drop_link "><span class="link_title_sub ">CHO<img class="drop_arrow sub" src="/pic/main-nav-drop-arrow.svg" alt="CHO"/></span></li><li class="drop_link "><a href="/crpt">CRPT<!-- --> </a></li><li class="drop_link "><a href="/million4cho">🔥 Win $1,000,000 for 1 tweet<!-- --> <p class="description">Literally, just publish 1 single tweet</p></a></li></ul></div></li><li class="top_links"><a href="/business">Business</a></li><li class="top_links"><span class="link_title "><p>About</p><img class="drop_arrow" src="/pic/mobile-drop.svg" alt="About"/></span><div class="sub_drop "><ul class="drop_block "><li class="drop_link active"><a href="/news">Blog<!-- --> <p class="description">Know as much as our CEO</p></a></li><li class="drop_link "><a href="/rebranding">Rebranding<!-- --> <p class="description">6 years of success</p></a></li><li class="drop_link "><a href="/wallet/referral">Referral program<!-- --> <p class="description">Invite friends and earn with us</p></a></li><li class="drop_link "><a href="/ambassador">Ambassador program<!-- --> <p class="description">Invest effort and be rewarded</p></a></li><li class="drop_link "><a href="/security">Security<!-- --> <p class="description">Keeping your assets safe</p></a></li></ul></div></li><li class="top_links"><a href="/help">Support</a></li></ul><div class="sc-d94579b9-0 fouXds"><a href="https://crypterium.onelink.me/jtmZ/choisesiteheader" target="_blank" rel="noreferrer nofollow" class="app_link">Get a free wallet</a><p class="copyright">2022 © Charism LLC, registry code: 1999 LLC 2022, Address: Beachmont Business Centre, Suite 336, Kingstown, Saint Vincent and the Grenadines</p></div></div></div><header id="header" class="sc-9c7aa035-0 ggOCjY "><div class="sc-e7592e74-0 icIbuO center_block " width="1200px"><div class="left_block"><div class="logo"><a href="/"><img src="/pic/logo.svg" alt="Choise.com"/></a></div><ul class="sc-75a03bb-0 dAcluq main_nav"><li class="nav_item"><p class="nav_item_title">Earn<!-- --> </p><div class="drop_menu"><ul class="main_drop_list"><li class="drop_item "><a href="/bitdriven"><p class="drop_title drop_title_sub">🚀 Bitdriven<!-- --> <span class="label yellow">up to 1200%</span></p><span class="drop_description">Earn on BTC driven portfolio. Exclusively at Choise.com!</span></a></li><li class="drop_item "><a href="/dual-currency-interest-account"><p class="drop_title drop_title_sub">🔥 Dual-currency interest accounts<!-- --> <span class="label black">up to 50% APY</span></p><span class="drop_description">Highest income rates</span></a></li><li class="drop_item "><a href="/earn"><p class="drop_title drop_title_sub">Web 3.0 interest accounts<!-- --> <span class="label black">up to 10.7% APY</span></p><span class="drop_description">Stake and earn on in-house DeFi platform</span></a></li><li class="drop_item "><a href="/interest-accounts"><p class="drop_title drop_title_sub">Interest accounts<!-- --> <span class="label black">up to 13.5% APY</span></p><span class="drop_description">Get passive income with your crypto, easy</span></a></li><li class="drop_item "><a href="/nft/fend"><p class="drop_title drop_title_sub">NFT interest account<!-- --> </p><span class="drop_description">Mint your NFT and start earning</span></a></li><li class="drop_item "><a href="/predictions"><p class="drop_title drop_title_sub">AI Price predictions<!-- --> </p><span class="drop_description">Prefer daily trading? Predict prices and win big</span></a></li><li class="drop_item "><a href="/price-insurance"><p class="drop_title drop_title_sub">Price insurance<!-- --> </p><span class="drop_description">Hedge against BTC and ETH price fall</span></a></li></ul></div></li><li class="nav_item"><p class="nav_item_title">Explore<!-- --> </p><div class="drop_menu"><ul class="main_drop_list"><li class="drop_item "><p class="drop_title drop_title_item">Wallet<!-- --> </p><span class="drop_description">All-in-one multi-coin wallet</span><div class="sub_drop_menu"><ul class="sub_drop_list"><li class="drop_item "><a href="/wallet"><p class="drop_title drop_title_sub">About wallet<!-- --> </p><span class="drop_description">Ultimate crypto wallet</span></a></li><li class="drop_item "><a href="/wallet/buy"><p class="drop_title drop_title_sub">Buy crypto<!-- --> </p><span class="drop_description">Visa, Mastercard</span></a></li><li class="drop_item "><a href="/wallet/exchange"><p class="drop_title drop_title_sub">Exchange<!-- --> </p><span class="drop_description">Enjoy best rates</span></a></li><li class="drop_item "><a href="/wallet/cashout"><p class="drop_title drop_title_sub">Cashout<!-- --> </p><span class="drop_description">Withdaw funds to bank cards</span></a></li><li class="drop_item "><a href="/wallet/send"><p class="drop_title drop_title_sub">Send<!-- --> </p><span class="drop_description">Use free international money transfers</span></a></li><li class="drop_item "><a href="/wallet/spend"><p class="drop_title drop_title_sub">Spend<!-- --> </p><span class="drop_description">Pay with VISA cards, plastic and virtual</span></a></li></ul></div><div class="drop_arrow"><img src="/pic/main-nav-arrow.svg" alt="Wallet"/></div></li><li class="drop_item "><a href="/cards"><p class="drop_title drop_title_sub">VISA card<!-- --> </p><span class="drop_description">Plastic & Virtual</span></a></li><li class="drop_item "><a href="/charism"><p class="drop_title drop_title_sub">Charism platform<!-- --> </p><span class="drop_description">Earn with the top DeFi products</span></a></li><li class="drop_item "><p class="drop_title drop_title_item">NFT<!-- --> </p><span class="drop_description">Choise.com collections</span><div class="sub_drop_menu"><ul class="sub_drop_list"><li class="drop_item "><a href="/nft/fend"><p class="drop_title drop_title_sub">🔥 NFT interest account<!-- --> <span class="label yellow">Up to 25%</span></p><span class="drop_description">CHO, DAI, USDC and USDT</span></a></li><li class="drop_item "><a href="/charism/beta"><p class="drop_title drop_title_sub">NFT for beta testers<!-- --> </p><span class="drop_description">Exclusive offer for Charism testers</span></a></li><li class="drop_item "><a href="/nft"><p class="drop_title drop_title_sub">CHO NFT Collection<!-- --> </p><span class="drop_description">First in space NFT token sale</span></a></li></ul></div><div class="drop_arrow"><img src="/pic/main-nav-arrow.svg" alt="NFT"/></div></li><li class="drop_item "><a href="/dao"><p class="drop_title drop_title_sub">DAO<!-- --> </p><span class="drop_description">Your voice matters</span></a></li></ul></div></li><li class="nav_item"><p class="nav_item_title">Tokens<!-- --> </p><div class="drop_menu"><ul class="main_drop_list"><li class="drop_item "><a href="/tokenomics"><p class="drop_title drop_title_sub">Tokenomics<!-- --> </p><span class="drop_description">Use MetaFi tokens to the maximum</span></a></li><li class="drop_item "><p class="drop_title drop_title_item">CHO<!-- --> </p><span class="drop_description"></span><div class="sub_drop_menu"><ul class="sub_drop_list"><li class="drop_item "><a href="/cho"><p class="drop_title drop_title_sub">About CHO<!-- --> </p><span class="drop_description">Choise.com token</span></a></li><li class="drop_item "><a href="/cho/exchanges"><p class="drop_title drop_title_sub">CHO markets<!-- --> </p><span class="drop_description">Listed on top exchanges</span></a></li></ul></div><div class="drop_arrow"><img src="/pic/main-nav-arrow.svg" alt="CHO"/></div></li><li class="drop_item "><a href="/crpt"><p class="drop_title drop_title_sub">CRPT<!-- --> </p><span class="drop_description"></span></a></li><li class="drop_item "><a href="/million4cho"><p class="drop_title drop_title_sub">🔥 Win $1,000,000 for 1 tweet<!-- --> </p><span class="drop_description">Literally, just publish 1 single tweet</span></a></li></ul></div></li><li class="nav_item"><a class="nav_item_title" href="/business">Business<!-- --> </a></li><li class="nav_item"><p class="nav_item_title">About<!-- --> </p><div class="drop_menu"><ul class="main_drop_list"><li class="drop_item active"><a href="/news"><p class="drop_title drop_title_sub">Blog<!-- --> </p><span class="drop_description">Know as much as our CEO</span></a></li><li class="drop_item "><a href="/rebranding"><p class="drop_title drop_title_sub">Rebranding<!-- --> </p><span class="drop_description">6 years of success</span></a></li><li class="drop_item "><a href="/wallet/referral"><p class="drop_title drop_title_sub">Referral program<!-- --> </p><span class="drop_description">Invite friends and earn with us</span></a></li><li class="drop_item "><a href="/ambassador"><p class="drop_title drop_title_sub">Ambassador program<!-- --> </p><span class="drop_description">Invest effort and be rewarded</span></a></li><li class="drop_item "><a href="/security"><p class="drop_title drop_title_sub">Security<!-- --> </p><span class="drop_description">Keeping your assets safe</span></a></li></ul></div></li><li class="nav_item"><a class="nav_item_title" href="/help">Support<!-- --> </a></li></ul></div><div class="right_block"><div class="buttons"></div><div class="sc-7913e2b6-0 hvsxEb connect_metamask"><button class="connect_wallet_button"><svg width="18" height="16" viewBox="0 0 18 16" fill="none" xmlns="http://www.w3.org/2000/svg"><path d="M14.8333 3.83333H14V3C14 2.33696 13.7366 1.70107 13.2677 1.23223C12.7989 0.763392 12.163 0.5 11.5 0.5H3.16663C2.50358 0.5 1.8677 0.763392 1.39886 1.23223C0.930018 1.70107 0.666626 2.33696 0.666626 3V3V13C0.666626 13.663 0.930018 14.2989 1.39886 14.7678C1.8677 15.2366 2.50358 15.5 3.16663 15.5H14.8333C15.4963 15.5 16.1322 15.2366 16.6011 14.7678C17.0699 14.2989 17.3333 13.663 17.3333 13V6.33333C17.3333 5.67029 17.0699 5.03441 16.6011 4.56557C16.1322 4.09673 15.4963 3.83333 14.8333 3.83333ZM3.16663 2.16667H11.5C11.721 2.16667 11.9329 2.25446 12.0892 2.41074C12.2455 2.56702 12.3333 2.77899 12.3333 3V3.83333H3.16663C2.94561 3.83333 2.73365 3.74554 2.57737 3.58926C2.42109 3.43298 2.33329 3.22101 2.33329 3C2.33329 2.77899 2.42109 2.56702 2.57737 2.41074C2.73365 2.25446 2.94561 2.16667 3.16663 2.16667V2.16667ZM15.6666 10.5H14.8333C14.6123 10.5 14.4003 10.4122 14.244 10.2559C14.0878 10.0996 14 9.88768 14 9.66667C14 9.44565 14.0878 9.23369 14.244 9.07741C14.4003 8.92113 14.6123 8.83333 14.8333 8.83333H15.6666V10.5ZM15.6666 7.16667H14.8333C14.1703 7.16667 13.5344 7.43006 13.0655 7.8989C12.5967 8.36774 12.3333 9.00363 12.3333 9.66667C12.3333 10.3297 12.5967 10.9656 13.0655 11.4344C13.5344 11.9033 14.1703 12.1667 14.8333 12.1667H15.6666V13C15.6666 13.221 15.5788 13.433 15.4225 13.5893C15.2663 13.7455 15.0543 13.8333 14.8333 13.8333H3.16663C2.94561 13.8333 2.73365 13.7455 2.57737 13.5893C2.42109 13.433 2.33329 13.221 2.33329 13V5.35833C2.60102 5.45251 2.88282 5.50042 3.16663 5.5H14.8333C15.0543 5.5 15.2663 5.5878 15.4225 5.74408C15.5788 5.90036 15.6666 6.11232 15.6666 6.33333V7.16667Z"></path></svg></button></div><button class="sc-ba7355a4-0 dinqKD nav"><span></span><span></span></button></div></div></header><main><section class="sc-d0eb2d39-0 kriCUB"><div class="sc-e7592e74-0 icIbuO center_block " width="1200px"><div class="title">all to know <img src="/pic/decor/round-arrow-right.svg" alt="all to know about crypto"/> about crypto</div><form><input type="text" placeholder="Enter articles title" required="" value=""/><button disabled=""></button></form></div></section><section class="sc-9df503db-0 eYMFfl"><div class="sc-e7592e74-0 icIbuO center_block " width="1200px"><div class="sc-9248cc56-0 yaPYs categories"><div class="label">Blog categories</div><select class="mobile_select"><option value="/news">#all</option><option value="/news/cho-token">#CHO</option><option value="/news/crpt-token">#crpt</option><option value="/news/updates">#choise.com</option><option value="/news/blockchain">#blockchain</option><option value="/news/buy-crypto">#buycrypto</option><option value="/news/cash-out-crypto">#cashoutcrypto</option><option value="/news/crypto-lifestyle">#cryptolifestyle</option><option value="/news/crypto-wallets">#cryptowallets</option><option value="/news/crypto-world">#cryptoworld</option><option value="/news/dailyanalysis">#dailyanalysis</option><option value="/news/earn">#earn</option><option value="/news/featured">#featured</option><option value="/news/insights">#insights</option><option value="/news/latest">#latest</option><option value="/news/market-prices">#marketprices</option><option value="/news/opinions">#opinions</option><option value="/news/tutorials">#tutorials</option><option value="/news/uncategorised">#uncategorised</option><option value="/news/urgent-updates">#urgentupdates</option></select><ul class="desktop_nav"><li class="active"><a href="/news">#all</a></li><li class=""><a href="/news/cho-token"><svg width="16" height="15" viewBox="0 0 16 15" fill="none" xmlns="http://www.w3.org/2000/svg"><path d="M8 0L10.6803 4.31088L15.6085 5.52786L12.3368 9.40912L12.7023 14.4721L8 12.56L3.29772 14.4721L3.66318 9.40912L0.391548 5.52786L5.3197 4.31088L8 0Z"></path></svg>#CHO</a></li><li class=""><a href="/news/crpt-token"><svg width="16" height="15" viewBox="0 0 16 15" fill="none" xmlns="http://www.w3.org/2000/svg"><path d="M8 0L10.6803 4.31088L15.6085 5.52786L12.3368 9.40912L12.7023 14.4721L8 12.56L3.29772 14.4721L3.66318 9.40912L0.391548 5.52786L5.3197 4.31088L8 0Z"></path></svg>#crpt</a></li><li class=""><a href="/news/updates"><svg width="16" height="15" viewBox="0 0 16 15" fill="none" xmlns="http://www.w3.org/2000/svg"><path d="M8 0L10.6803 4.31088L15.6085 5.52786L12.3368 9.40912L12.7023 14.4721L8 12.56L3.29772 14.4721L3.66318 9.40912L0.391548 5.52786L5.3197 4.31088L8 0Z"></path></svg>#choise.com</a></li><li class=""><a href="/news/blockchain">#blockchain</a></li><li class=""><a href="/news/buy-crypto">#buycrypto</a></li><li class=""><a href="/news/cash-out-crypto">#cashoutcrypto</a></li><li class=""><a href="/news/crypto-lifestyle">#cryptolifestyle</a></li><li class=""><a href="/news/crypto-wallets">#cryptowallets</a></li><li class=""><a href="/news/crypto-world">#cryptoworld</a></li><li class=""><a href="/news/dailyanalysis">#dailyanalysis</a></li><li class=""><a href="/news/earn">#earn</a></li><li class=""><a href="/news/featured">#featured</a></li><li class=""><a href="/news/insights">#insights</a></li><li class=""><a href="/news/latest">#latest</a></li><li class=""><a href="/news/market-prices">#marketprices</a></li><li class=""><a href="/news/opinions">#opinions</a></li><li class=""><a href="/news/tutorials">#tutorials</a></li><li class=""><a href="/news/uncategorised">#uncategorised</a></li><li class=""><a href="/news/urgent-updates">#urgentupdates</a></li></ul></div><div class="sc-96f74749-0 dqXgdG news_content" id="news_gallery"><div class="heading"><div class="sc-4fdbe080-0 a-DbXX title "><h1>all news</h1></div></div><div class="list"><article class="sc-25cbe3a1-0 kLEXLB item"><div class="top_content"><a href="/news/insights/recap-ama-austin-kimm-may-26-2023">Recap of AMA with Austin Kimm, Director of Strategy and Investments | May 26, 2023</a><div class="image"><img title="Recap of AMA with Austin Kimm, Director of Strategy and Investments | May 26, 2023" alt="Recap of AMA with Austin Kimm, Director of Strategy and Investments | May 26, 2023" fetchpriority="high" width="1600" height="900" decoding="async" data-nimg="1" class="directus_image " style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2Ffe7a9415-b8a1-4780-955d-1b467c9cfb0a.png&w=1920&q=75 1x, /_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2Ffe7a9415-b8a1-4780-955d-1b467c9cfb0a.png&w=3840&q=75 2x" src="/_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2Ffe7a9415-b8a1-4780-955d-1b467c9cfb0a.png&w=3840&q=75"/></div><div class="card_content"><h3>Recap of AMA with Austin Kimm, Director of Strategy and Investments | May 26, 2023</h3><p>Austin Kimm, the Director of Strategy and Investments at Choise.com, joins the community AMA to share B2B insights, discuss partnerships and more.</p></div></div><ul class="time_date"><li>Jun 05, 2023</li><li>13:06</li><li>2 min reading</li></ul></article><article class="sc-25cbe3a1-0 kLEXLB item"><div class="top_content"><a href="/news/latest/choise-com-optima-loyalty-offer">Meet our loyalty offer – Choise.com Optima</a><div class="image"><img title="Meet our loyalty offer – Choise.com Optima" alt="Meet our loyalty offer – Choise.com Optima" fetchpriority="high" width="1920" height="1080" decoding="async" data-nimg="1" class="directus_image " style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2F16842058-e9c5-4bf0-8c9c-b28c1039048a.png&w=1920&q=75 1x, /_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2F16842058-e9c5-4bf0-8c9c-b28c1039048a.png&w=3840&q=75 2x" src="/_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2F16842058-e9c5-4bf0-8c9c-b28c1039048a.png&w=3840&q=75"/></div><div class="card_content"><h3>Meet our loyalty offer – Choise.com Optima</h3><p>A really attractive offer to zero out crypto purchase fees for a whole month and more benefits in Choise.com App.</p></div></div><ul class="time_date"><li>May 26, 2023</li><li>22:05</li><li>2 min reading</li></ul></article><article class="sc-25cbe3a1-0 kLEXLB item"><div class="top_content"><a href="/news/tutorials/key-indicators-to-evaluate-nft-projects-2023">Key indicators to evaluate NFT projects in 2023</a><div class="image"><img title="Key indicators to evaluate NFT projects in 2023" alt="Key indicators to evaluate NFT projects in 2023" fetchpriority="high" width="1920" height="1080" decoding="async" data-nimg="1" class="directus_image " style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2F0c3f1abe-8dd7-4351-8c2e-aff9b464d656.png&w=1920&q=75 1x, /_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2F0c3f1abe-8dd7-4351-8c2e-aff9b464d656.png&w=3840&q=75 2x" src="/_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2F0c3f1abe-8dd7-4351-8c2e-aff9b464d656.png&w=3840&q=75"/></div><div class="card_content"><h3>Key indicators to evaluate NFT projects in 2023</h3><p>An ultimate guide to NFT projects’ evaluation: what factors to take into account and how to make an assessment based on them. </p></div></div><ul class="time_date"><li>May 22, 2023</li><li>12:05</li><li>2 min reading</li></ul></article><article class="sc-25cbe3a1-0 kLEXLB item"><div class="top_content"><a href="/news/tutorials/are-nfts-worth-investing-2023">Are NFTs worth it? Pros and cons of investing in NFTs in 2023</a><div class="image"><img title="Are NFTs worth it? Pros and cons of investing in NFTs in 2023" alt="Are NFTs worth it? Pros and cons of investing in NFTs in 2023" fetchpriority="high" width="1920" height="1080" decoding="async" data-nimg="1" class="directus_image " style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2F35adef63-ec86-4b74-9d49-f656ec4997fa.png&w=1920&q=75 1x, /_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2F35adef63-ec86-4b74-9d49-f656ec4997fa.png&w=3840&q=75 2x" src="/_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2F35adef63-ec86-4b74-9d49-f656ec4997fa.png&w=3840&q=75"/></div><div class="card_content"><h3>Are NFTs worth it? Pros and cons of investing in NFTs in 2023</h3><p>Prevent yourself from making poor investment decisions. Check out the guide and find answers to the most common questions about NFTs.</p></div></div><ul class="time_date"><li>May 17, 2023</li><li>14:05</li><li>2 min reading</li></ul></article><article class="sc-25cbe3a1-0 kLEXLB item"><div class="top_content"><a href="/news/insights/recap-ama-anastasia-kor-may-16-2023">Recap of AMA with Anastasia Kor, CMO at Choise.com | May 16, 2023</a><div class="image"><img title="Recap of AMA with Anastasia Kor, CMO at Choise.com | May 16, 2023" alt="Recap of AMA with Anastasia Kor, CMO at Choise.com | May 16, 2023" fetchpriority="high" width="1600" height="900" decoding="async" data-nimg="1" class="directus_image " style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2F07eb2b06-6fcd-47ab-92d7-5b567455e8f5.png&w=1920&q=75 1x, /_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2F07eb2b06-6fcd-47ab-92d7-5b567455e8f5.png&w=3840&q=75 2x" src="/_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2F07eb2b06-6fcd-47ab-92d7-5b567455e8f5.png&w=3840&q=75"/></div><div class="card_content"><h3>Recap of AMA with Anastasia Kor, CMO at Choise.com | May 16, 2023</h3><p>Anastasia joins the community AMA to answer the questions mainly concerning the upcoming BitDriven launch.</p></div></div><ul class="time_date"><li>May 16, 2023</li><li>18:05</li><li>2 min reading</li></ul></article><article class="sc-25cbe3a1-0 kLEXLB item"><div class="top_content"><a href="/news/latest/why-should-bitdriven-bring-up-to-x12">Why should BitDriven bring up to X12 profit?</a><div class="image"><img title="Why should BitDriven bring up to X12 profit?" alt="Why should BitDriven bring up to X12 profit?" fetchpriority="high" width="1396" height="768" decoding="async" data-nimg="1" class="directus_image " style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2F6a865667-a7b6-4373-acf1-5d123e51f7b1.jpg&w=1920&q=75 1x, /_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2F6a865667-a7b6-4373-acf1-5d123e51f7b1.jpg&w=3840&q=75 2x" src="/_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2F6a865667-a7b6-4373-acf1-5d123e51f7b1.jpg&w=3840&q=75"/></div><div class="card_content"><h3>Why should BitDriven bring up to X12 profit?</h3><p>Bitcoin driven strategy and methodology of the coins’ selection explained.</p></div></div><ul class="time_date"><li>May 11, 2023</li><li>22:05</li><li>2 min reading</li></ul></article><article class="sc-25cbe3a1-0 kLEXLB item"><div class="top_content"><a href="/news/tutorials/nft-rarity-2023">NFT rarity. Is exclusivity worth chasing</a><div class="image"><img title="NFT rarity. Is exclusivity worth chasing" alt="NFT rarity. Is exclusivity worth chasing" fetchpriority="high" width="1920" height="1080" decoding="async" data-nimg="1" class="directus_image " style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2Fd66512f5-fa77-47bf-afe0-eb2004672dcc.png&w=1920&q=75 1x, /_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2Fd66512f5-fa77-47bf-afe0-eb2004672dcc.png&w=3840&q=75 2x" src="/_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2Fd66512f5-fa77-47bf-afe0-eb2004672dcc.png&w=3840&q=75"/></div><div class="card_content"><h3>NFT rarity. Is exclusivity worth chasing</h3><p>A complete guide to NFT rarity 2023 for you to make informed invesrtment decisions.</p></div></div><ul class="time_date"><li>May 10, 2023</li><li>16:05</li><li>2 min reading</li></ul></article><article class="sc-25cbe3a1-0 kLEXLB item"><div class="top_content"><a href="/news/tutorials/all-about-nft-whitelists">All about NFT whitelists</a><div class="image"><img title="All about NFT whitelists" alt="All about NFT whitelists" fetchpriority="high" width="1920" height="1080" decoding="async" data-nimg="1" class="directus_image " style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2F5b105d37-0de6-468a-9303-54293799664d.png&w=1920&q=75 1x, /_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2F5b105d37-0de6-468a-9303-54293799664d.png&w=3840&q=75 2x" src="/_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2F5b105d37-0de6-468a-9303-54293799664d.png&w=3840&q=75"/></div><div class="card_content"><h3>All about NFT whitelists</h3><p>What is an NFT whitelist? How does it work? What is it used for? All most common questions answered.</p></div></div><ul class="time_date"><li>May 05, 2023</li><li>16:05</li><li>2 min reading</li></ul></article><article class="sc-25cbe3a1-0 kLEXLB item"><div class="top_content"><a href="/news/latest/chobies-more-than-20k-sold">Chobies. More than 20,000 NFTs sold</a><div class="image"><img title="Chobies. More than 20,000 NFTs sold" alt="Chobies. More than 20,000 NFTs sold" fetchpriority="high" width="1920" height="1080" decoding="async" data-nimg="1" class="directus_image " style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2Ff8b56aa7-627a-4f21-85f8-f516921fe031.png&w=1920&q=75 1x, /_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2Ff8b56aa7-627a-4f21-85f8-f516921fe031.png&w=3840&q=75 2x" src="/_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2Ff8b56aa7-627a-4f21-85f8-f516921fe031.png&w=3840&q=75"/></div><div class="card_content"><h3>Chobies. More than 20,000 NFTs sold</h3><p>We have launched perhaps the world’s most successful NTO. At the moment, total Choby NFT sales exceed $1.9M.</p></div></div><ul class="time_date"><li>May 04, 2023</li><li>11:05</li><li>2 min reading</li></ul></article></div><div class="sc-bf0dd4a1-0 enhhHF pagination"></div></div></div></section></main><footer id="footer" class="sc-2d0bf2e9-0 kAiDCm"><div class="sc-e7592e74-0 icIbuO center_block " width="1200px"><div class="top_block"><div class="content"><div class="description"><p>The website and mobile apps are owned by the company Crypterium AS. Crypterium AS and Choise Services UAB design and operate Choise.com website and Choise.com mobile applications jointly. Crypterium AS is incorporated in Estonia with the company number 14352837, registered office at 5 A. Lauteri, Tallinn, 10114. Cryptocurrency services offered on the website platform are provided by UAB Choise Services. 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all</button></div></div><script id="__NEXT_DATA__" type="application/json">{"props":{"pageProps":{"data":{"total":104,"data":[{"content":"\u003cp\u003e\u003cem\u003e\u003cspan style=\"font-weight: 400;\"\u003eSpeaker: Austin Kimm is the Director of Strategy \u0026amp; Investments at Choise.com. Austin joins the community AMA to share B2B insights, discuss partnerships and more.\u003c/span\u003e\u003c/em\u003e\u003cspan style=\"font-weight: 400;\"\u003e\u003cbr /\u003e\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eIt's no secret that 2022 has been a difficult year, not only for the crypto market, but also for the general market. How do you think Choise.com actually navigates through this crisis, when many other similar projects have already shut down?\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eLet's go backwards a little bit then, because it's a very wide ranging question and you have to go through history to see where we are. So let\u0026rsquo;s remind ourselves Choise.com used to be Crypterium. We set up in 2017. There was a crisis and it was a big crisis in 2018. Me, much like everybody else, sold more crypto than we wish we did. So we\u0026rsquo;ve been through that crisis. The crisis, therefore in 2022, was not our first crisis. We had already navigated through one. The first crisis, however, was different. Let\u0026rsquo;s use the word crisis loosely for 2018. That was really just a market dip. 2022, I would say, was a crisis, because we had so many market failures. But the other difference between 18\u0026rsquo; and 22\u0026rsquo;, I would say, was that 22\u0026rsquo; difficulties coincided with economic difficulties, as well on a global scale. U.S. stocks were down, bonds were down and I think, from my understanding, that it's the first time in history that bonds and stocks were down simultaneously. So it was a different environment in 2022. But what was also clear, was that it wasn\u0026rsquo;t unexpected. It was a full-blown crisis and we all know most of the reasons behind that. But it wasn\u0026rsquo;t unexpected. And I think the 4 years between those two periods, we had learned a lot.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eSo the first thing to talk about is the business models of crypto companies. There are several business models. You\u0026rsquo;ve got layer one type solutions, which take a small fee for various transactions, for using their networks, etc. Then you\u0026rsquo;ve got companies like ourselves, Choise.com, which is primarily a transaction based business model. I\u0026rsquo;ll come back on to that. Then you\u0026rsquo;ve got the third type, which are, I guess, deploying capital to other sources, and in turn, filling liquidity needs that certain sectors will need and earning a return, in the same way a bank lends money to other institutions, individuals, there's an earning sector, so forget the layer ones right now.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eChoise.com primarily, until the end of 2021 I would say, was a transaction-based business model. By that I mean if a customer doesn\u0026rsquo;t do a transaction, we don\u0026rsquo;t earn any money, so a huge percentage of our thinking time is on how to bring in new customers, how to improve the product and services, and to make sure we have the right products and services for customers, so they will use those services and in turn, generate a fee. And that\u0026rsquo;s all well and good when you are in an upwards market. Or even in a flat market. But when you are in an upwards market, you can even be blinded by the success. A lot of the success that companies achieve in an upwards market has got absolutely nothing to do with their own success. It\u0026rsquo;s just that they are in a market that is so dynamically growing, where you would have to be really bad not to grow.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eSo, of course, you want to grow faster than the market, and we are very, very, very happy with our growth at some point. In 2021, we were growing by 50,000 new users a month and there was very little marketing taking place. But as I said, you can get, I would say caught up in the euphoria effect and think that\u0026rsquo;s the way that everything is going to be like forever and ever, but we knew it was not going to be that way. And we anticipated that the crisis or the collapse that took place in 2018 was just around the corner. We needed to diversify.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eNow, I would say that the crypto bull runs and bear markets, they\u0026rsquo;re roughly 4 years apart. Or even maybe even a little bit less than 4 years apart. And we can come on to this in a minute, when we\u0026rsquo;ve got to the Bitcoin halving, but it didn\u0026rsquo;t take a rocket science to see that historically, every 4 years that we\u0026rsquo;ve had these peaks and troughs.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eSo we had to start preparing for it and it was urgent for us to do so, because in a growing market, customers are much more\u0026hellip; not just more active, but they\u0026rsquo;re much more, let\u0026rsquo;s say, aggressive in their decision making. They will buy, they will sell, they are trading left, right and center. They are quite happily spending money on their payment card. So if you have a debit card linked to crypto, and you go out shopping and Bitcoin went up 1% today and you spent less than 1% or even if you spent 1% on your card, you would look at your card and say \u0026ldquo;Oh Great. I went shopping today and I\u0026rsquo;ve got more money than when I started.\u0026rdquo; So everybody is very active.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eSo the difference I would say, between summer and a winter for a transactional based business, and there are many of us out there. Many, many of us. I would say Crypto.com, for example, is the most well known transactional model. Many out there. And the difference between a summer and a winter, is a factor of 6 or 7. And what I mean from that is, if we were able to generate $7 of revenue from the activities of a user during a summer, during a winter, you\u0026rsquo;re looking at $1. And even if you\u0026rsquo;re growing your user base, that is a dramatic change. And you can\u0026rsquo;t simultaneously just suddenly shed 85% of your workforce. You just can't do that. You have to maintain the customer support, the KYC team and all the developers, etc. So we\u0026rsquo;ve seen a lot of companies shedding staff. Companies like Coinbase and Crypto.com, etc. had been shedding staff, but it won\u0026rsquo;t have been enough to cover their losses. And you\u0026rsquo;ve seen quite a lot of those providing public information. They have generated significant losses.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eSo apologies for the very long intro, but we knew all of that was going to happen. It\u0026rsquo;s not like it was a surprise to us. The scale of it, sometimes, might still be a little bit shocking, but we knew it was going to happen. So we had to diversify and you have to diversify into businesses where the crypto winter/crypto summer doesn\u0026rsquo;t matter so much. It doesn\u0026rsquo;t really matter whether the market is going up or going down, because you are working in a business model where it's going to generate interest, it's going to generate activity and hopefully generate fees, irrespective of what the market is.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAnd as a result of that, we tested out into the market in 2021 with a B2B. The first version wasn\u0026rsquo;t great. We were using the infrastructure of the retail application. But over the last, let\u0026rsquo;s say 18 months, and definitely over the last 12 months, we changed the focus away from a retail, let\u0026rsquo;s say priority, to a B2B priority, and I will come back on to that.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIt doesn\u0026rsquo;t mean that we are giving up on retail, because the market will recover and it will change. So they\u0026rsquo;re both really important, but what was very important during a time of a, let\u0026rsquo;s say of a transactional crisis, where you are only going to get $1 and $7 compared to 12 months earlier, we pivoted away and created a business model which generated actually much more revenue than we thought was reasonable to assume in our business plans and it\u0026rsquo;s really what kept us afloat. I mean, if we would have relied purely on a transactional business model, then I don\u0026rsquo;t know how we would have covered our expenses. It\u0026rsquo;s just not possible. As I say, it is a 7 fold reduction. But the B2B side has been absolutely fantastic and I guess that\u0026rsquo;s the reason behind this discussion now.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eMoving on, actually to something that you also already talked about, which is basically the banking infrastructure, in specific the white label crypto banking. How big is that market and what kind of mark is Choise.com looking to gain from it?\u0026nbsp;\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eOkay, so 20 years ago, you wouldn\u0026rsquo;t bank with anybody other than your High Street bank. In the U.K. that\u0026rsquo;s HSBC, Barclays, Lloyds Bank, etc. But the world has changed dramatically in the last 5 to 6 years. You\u0026rsquo;ve got companies like Revolut coming through, you\u0026rsquo;ve got neobanks growing all over the place, and you\u0026rsquo;ve got a lot of banks which are using the infrastructure of other banks, and what we see in everyday business life, is that most businesses are trying to take more control of the financial services part of their business. \u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eSo instead of just providing, I don\u0026rsquo;t know, if they sell tractors, or whatever, they may also provide some other form of additional support products. They may just have an alliance with some form of credit company where you can spread the payments over 9 months or whatever it is. But all of those are generating revenue for the main company. So when the tractor company says \u0026ldquo;We\u0026rsquo;ll spread the payments over 9 months\u0026rdquo; to use the Klarna or whatever system it is that they are using, they are generating fees. They are generating either some form of revenue structure or they\u0026rsquo;re making their customers more sticky or whatever it is.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThere\u0026rsquo;s been a huge shift away from just relying and trusting your High Street bank, to being prepared to put money in institutions that 10 years ago you never heard of, provided that the service is good, the brand name is recognized, etc. So there\u0026rsquo;s been really a market push towards including, let\u0026rsquo;s say payment type solutions, card solutions, by a whole range of companies. And then when you get into the crypto space, that\u0026rsquo;s multiplied by a factor of how many times? 10, 20 times, even more times even more important.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eSo, in the last 4 years alone, there has been in the ballpark of 25,000 cryptocurrencies created. And every single one of those cryptocurrencies has a vision that it's going to be the next Bitcoin, or whatever. But as part of it, that token has a function. And to make the token really attractive, most companies recognize that the token has to have a value proposition outside their own ecosystem. So if all you can do is use the token inside a very small ecosystem, then it's pretty difficult to attract customers to own that token. However, if you can use that token in a much wider environment, then perhaps you can spend it on a Visa card. Exchanges, launching tokens \u0026ndash; it\u0026rsquo;s a use case outside of the ecosystem, etc.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eSo what that means is, in the crypto space alone, there are thousands of cryptocurrencies out there, looking to create a purpose beyond their own immediate environment. Of course there are hundreds of tokens out there that don\u0026rsquo;t need this. They\u0026rsquo;re doing so well on their own, they might be, as I say, connected to layer 1 or something like that. But the vast bulk of them need to do something a little bit extra. And then outside the crypto space, you\u0026rsquo;ve got lots and lots of eMoney companies saying \u0026ldquo;Well, how do I compete with Barclays? How do I compete with Paypal, or whomever it is? Well, tell you what we\u0026rsquo;ll do, we\u0026rsquo;ll add crypto. We\u0026rsquo;ll allow our customers to work in the crypto space.\u0026rdquo;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eI would argue hundreds of thousands of companies right now, looking to expand the economic environment by adding some form of financial service into their ecosystem. And a significant percentage of those companies are looking to connect it to crypto in some way. So the market, I think, is only really beginning and could be absolutely massive. Just because of the changing attitudes of the average person to where they\u0026rsquo;re prepared to use and spend money.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe last question that everybody wants to know. Your main thoughts on the market situation until the end of the year. So do you believe that B2B services can generate revenue, despite this current crypto winter?\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eSo, the crypto winter and the generation of fees in the B2B sector are not necessarily 100% aligned. As I said, what\u0026rsquo;s important is to have a business model that is, to some degree, independent of whether it is crypto summer or crypto winter. We currently onboard approximately one new B2B customer every single week. Now, it takes us about 4 months to launch them from start to finish. There\u0026rsquo;s onboarding with our 3rd party banks, we are not, for example, a licensed bank, so we cannot provide a customer with their own IBAN. We need a 3rd party company that provides that. \u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eBut we are the glue that holds all those bits together. Some of the parts we do ourselves, but again, we don\u0026rsquo;t issue, for example, Mastercards to our customers, in terms of we don\u0026rsquo;t have the Mastercard license. But we work with a company that does, so I would say that we are like the glue that holds everything. And a lot of those customers are not relying on crypto summers/crypto winters. They\u0026rsquo;re relying on a significant user base that they already have, that they wanted to add an additional service to. And the average person on the street still doesn\u0026rsquo;t own crypto.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eNow, the average person has heard of Bitcoin, but you know, there might be 300 million people who own crypto, but there's another 8 billion who don\u0026rsquo;t. So, it\u0026rsquo;s not dependent on the crypto winter or summer and after a customer launches, let\u0026rsquo;s say it takes them 4 months to launch, it then may take them another 2 months to really start getting the message out to their customer base. But once they get the message out, some of those customers are growing at a very nice pace. Now how did they generate fees? So what it is, our partners pass on fees to us and we pass on fees to the customer with a markup, of course. We don\u0026rsquo;t do it for free.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAnd then the customer, in this case being the B2B client, does exactly the same with their own clients. So for example, we might get charged, let\u0026rsquo;s say $0.50 a month to maintain IBAN accounts. We will charge the B2B customer, again these are not real numbers, but let\u0026rsquo;s say $1 to maintain an IBAN per month and they may charge their users $2. So every user that is using that particular service has generated at least $1 of income for the client and at least $0.50 of income for us, and it's got nothing to do with crypto summers or crypto winters. They have 20,000 clients, they have $20,000 worth of revenue, etc.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eSo what\u0026rsquo;s very important is the growth of this neo-banking sector. Not necessarily the crypto summer/crypto winter. And we\u0026rsquo;re seeing already, some of our clients generating fees well in excess of $50,000 per month for them, and if they\u0026rsquo;re generating that for them, then it's a similar number for us. So every single client has a potential to maybe be another Revolut. Now probably by another Revolut, they will go off and do it on their own. But for the first 5 or 6 years of Revolut\u0026rsquo;s life, they were using a bank called Modular. It took them a long time before they decided to do it themselves. And that\u0026rsquo;s the same ballpark we\u0026rsquo;re in. We are providing infrastructure to customers that would take them 3 years to build maybe $10M. So until they become the next Revolut, they rely on companies like us and some of them are going at a very fast pace.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eSo while I think we are heading towards the end of the winter, and we are definitely in a spring, I would call it now, and we think that the crypto summer will start probably in Q4 this year, our B2B is not reliant on that. So our revenue stream just gets bigger and bigger for us every time we add a client, it's an exponential growth on the existing.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIt seems like those are fantastic numbers and it\u0026rsquo;s great to see that Choise.com has taken such a big part being an intermediary between something that could become super great and bring generally the entire crypto audience, maybe a new look into being integrated into more financial systems.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eI would also like to add, if you would, why crypto is taking the lead in this and not traditional banking. Anybody who\u0026rsquo;s got crypto knows the traditional bank doesn\u0026rsquo;t like crypto. I mean, if you are still depositing a significant sum of money from your Coinbase account, to your Binance account, to your traditional bank account, they don\u0026rsquo;t like it and you can find yourself being asked lots of tricky questions, etc. But on the other hand, all the service providers working with those banks are interested in crypto. They see the future. So Visa\u0026rsquo;s made a big play for this. And Checkout.com, one of the biggest processors, they\u0026rsquo;ve made a big play for this. It\u0026rsquo;s always the banks, which are afraid of what\u0026rsquo;s going to happen with their regulation between buying, that stay out of this.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eSo what that means is, we\u0026rsquo;re not actually competing against what I would call the traditional giants right now. They are staying out of this, as they have no interest in providing these types of solutions. And for the solutions that we provide to be of interest, they can\u0026rsquo;t just be crypto or just banking. They have to do both. So since the banks don\u0026rsquo;t want to do crypto, but the crypto would like to do the banking, it gives us a window of opportunity that we might never see again.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eBecause once the regulators finally decide what they\u0026rsquo;re going to do with this, then the banks will probably say \u0026ldquo;Oh. We could have a go at this, now.\u0026rdquo; But in the entering, we\u0026rsquo;ve got a window, 4 or 5 probably years before that change matrealizes, where we can effectively bring both crypto and fiat into one space. Providing it to many institutions, whether it be a tractor company, whether it be a multi-level marketing company that the banks just won\u0026rsquo;t touch. So it really is, I would say a summer for this type of product, rather than worrying about whether it's a crypto summer or not. The product itself is in a summer phase.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eWill the Visa cards actually be available in more countries or introducing Mastercard or Unionpay, maybe?\u003c/span\u003e\u003cspan style=\"font-weight: 400;\"\u003e\u003cbr /\u003e\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eOkay, so Visa card, Mastercard, Unionpay, they\u0026rsquo;re all pretty much the same concept. They build payment rails and they work with banks to, let\u0026rsquo;s say authorize institutions, but 9 times out of 10 its a bank, to issue those cards and they have their various licenses to use those payment rails. Visa was the first in the game to make a play for this, and then Mastercard came onboard a couple of years later. Visa, I think I chatted to their head of operations for crypto about 8 months ago and they said they had close to 100 crypto projects now, around the globe. Which is a lot, but it's not when you consider it to, say other cards. Non crypto cards, it's probably 10,000. So, it\u0026rsquo;s still very, very small. Mastercard will be much less than that and Unionpay will be much less, again. We launched with Unionpay. We were the first company, we think, to launch with Unionpay, but Unionpay, without trying to create some form of diplomatic incident, it\u0026rsquo;s connected to China and China\u0026rsquo;s attitude towards crypto changes, depending on the wind, I would guess. So it\u0026rsquo;s a questionable card to pin your payment solutions on.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eSo, that really leaves you with Mastercard and Visa. As I said, they\u0026rsquo;re both very open now to crypto programs. However, Mastercard and Visa, as I said, rely on banks, using their licenses to issue it. And you would think that Mastercard and Visa have, you know, more power than the bank and in many ways, but that\u0026rsquo;s not the case. So, in the U.S., as an example, anybody who follows this space will probably know that Metropolitan Commerce Bank was the go to bank for all crypto payment programs. So you may have a Visa card, and the Visa card might be branded Choise.com or Crypto.com, or whomever, but ultimately it\u0026rsquo;s underneath the license of Metropolitan Commerce Bank. And Metropolitan Commerce Bank withdrew their support for these types of programs. They will continue to support the existing cards that they issued, but they\u0026rsquo;re not going to issue any more. And that makes the United States a very difficult market right now.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe second issue that you\u0026rsquo;ve always faced with cards and any card program, is because you\u0026rsquo;re relying on a bank within the infrastructure, that means you need a different bank for each geographical region. So Metropolitan Commerce Bank, for example, is not really authorized to issue cards to someone in Japan. They are a U.S. bank issuing cards to U.S. citizens. So right now, it is very difficult to foresee an environment where you would launch maybe one Visa card for the whole, whole world. And historically, that was not a problem because using, going back to Revolut, Revolut started as U.K. banked, but only wanted to issue U.K. cards. Once they get to the U.S., they want to issue U.S. cards. But in crypto, it is very different. And in crypto, you really do want to have a global card. Because most people, or most companies have customers from multiple geographies. They\u0026rsquo;re not just U.S. citizens and they\u0026rsquo;re not just U.K. citizens. They are global. So they want a global card.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eNow, the program that we have designed, we believe is the only global Mastercard available anywhere in the world. For crypto, that is. There are, let\u0026rsquo;s say non-crypto cards out there, but the one that we work with, we believe is the only globally issuable Mastercard. And it\u0026rsquo;s important to understand how we do that. I\u0026rsquo;d like to give an analogy. If you are, let\u0026rsquo;s say Microsoft, and you gave an expense account to your 100,000 employees, all the way around the world, you don\u0026rsquo;t want to have 50 or 100 Visa programs and having to pay bills in every single country. So Visa or Mastercard, a long, long time ago, came up with the concept of, effectively a club or a special employment-type concept, where your users, in this case, employees, can have one card, no matter where they are in the world. Our program manager, in this case, has been running clubs for the best part of 15 years. So they have been issuing club cards for a very, very long time. And the card, effectively, is just part of a wider range of services.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eSo what we are able to do is, we can issue a Mastercard anywhere in the world. And it is a very attractive card, has very high value limits, it has very good transactional rates. For example, you can spend $100,000 a day on this card, if you are rich enough. Which is not typical in crypto space. However, it is also difficult to issue a card from say, the U.K. to someone in Japan. Or from wherever it is from somewhere else on the other side of the world. So the logistics of it are a little more complicated. So right now, the Mastercard program I just described, is only in the B2B. Because what we are able to do there is effectively work with our B2B customer, and let\u0026rsquo;s say he wants 5,000 Mastercards with his pretty face on the card, no problem and effectively, they\u0026rsquo;re distributed to him and for him to distribute in a further way. However, we are looking at how to bring that Mastercard program available into the wider world.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eA very long answer, so it\u0026rsquo;s unlikely to see a wider Visa card program in the very near future, because that requires a separate integration for every single country, but it is very likely to see the Mastercard program, with some very nice features, being expanded into almost any market, including actually the U.S.A., which is not really easy to do right now, for the reasons I\u0026rsquo;ve given. But for the Mastercard program, I don\u0026rsquo;t see a reason why we won\u0026rsquo;t be able to do that. So that\u0026rsquo;s planned to be rolled out this year.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eThere was actually a recent event hosted by Choise.com in Miami and it had some pretty cool guests. Also U.S. Presidential candidate Robert F. Kennedy Jr. I am just now really curious. Are there any other upcoming events that Choise.com is planning to attend or to arrange?\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe purpose behind this AMA was to talk about the B2B, but a side part of B2B is servicing institutional, high net worth clients. And although our Application, our App, I\u0026rsquo;d say is pretty cool to use, it\u0026rsquo;s nice, etc. Let\u0026rsquo;s be honest, institutions don\u0026rsquo;t deposit $5M in an app. They just don\u0026rsquo;t. That\u0026rsquo;s not how it works. And high net worth clients are the same.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eSo we have a very different approach to that and what we have been doing is we pick out the main events. We don\u0026rsquo;t, at this time, really spend a lot of money going to the event itself. So, for example, this was connected to Bitcoin: Miami. If you wanted to take maybe a 20ft by 20ft stand to Bitcoin: Miami, it\u0026rsquo;s probably $100K, you know, with all the additional. So rather than do that, we\u0026rsquo;ll spend $10K and host a party. And we\u0026rsquo;ve got a team of people who\u0026rsquo;s rolodex is just quite ridiculous.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eWe\u0026rsquo;ve got a guy called Tyler. Tyler is an ex baseball star. I don\u0026rsquo;t know a lot about baseball. Brits don\u0026rsquo;t really follow baseball, but he\u0026rsquo;s an ex baseball star. He also runs a poker club. It\u0026rsquo;s a very prestigious poker club on a yacht. And you know, footballers, let\u0026rsquo;s say high net worth rollers, they love all these types of things. That then links to the institutions which those people are using to manage their money. So, your American footballer, or whatever, he\u0026rsquo;s probably earned tens of millions of dollars in his life. It doesn\u0026rsquo;t just sit in a bank account, it\u0026rsquo;s managed by Fund A, or Fund B, or Family Office A, or Family Office B, etc. So we are able to now, really change the focus and at this particular event, as you said, we had 2 NBA stars.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eI will be honest, I chatted to them both and I didn\u0026rsquo;t know of them from Adam and I never met them. All I can say is that one of them was very big. So I guess he was a footballer. But, we also got Kennedy to the event. Kennedy\u0026rsquo;s little speech about his support for Bitcoin, was put on Twitter. I think it had 600,000 views, etc. and that was just through connections.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eSo we\u0026rsquo;ve got 2 business angles. The first one is B2B, which I have been talking about, but the second one is supporting the high net worth and institutional investors. And to do that you have to host the right parties, you\u0026rsquo;ve got to have the right guests, and we brought on a team of basically sales people and support specialists, whose job it is to target those. And it\u0026rsquo;s all about relationships. It\u0026rsquo;s not about turning up at an event and spending $100,000 on a stand. These high net worth guys don\u0026rsquo;t run around looking at stands and picking up leaflets, etc. So yes, you will see more of these events, more of these parties. Most of them are going to be U.S. based right now, because that\u0026rsquo;s where a large proportion of our customer base will be. So, Sebastian, if you send me a message, you can send it to my Whatsapp which is, or Telegram, which is @AustinKimm and I\u0026rsquo;ll keep you in the loop for the next party and hopefully you can attend.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eI just wanted to ask if you guys had any plans for any more index tokens or like Bitdriven and the wallet?\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eSo Bitdriven\u0026hellip; I love the concept of index tokens. They\u0026rsquo;re not a new concept. My background is in insurance and basically, insurance companies work with indexes all the time. And I\u0026rsquo;m actually a bit surprised that index tokens haven\u0026rsquo;t been a bigger part of the crypto investment environment, because it\u0026rsquo;s not a difficult thing to do when you think about it. You create a token, you create a pool with tokens inside, you constantly keep reweighting it, and then you have an index. However, from a legal perspective, index tokens have taken on a different framework. And I\u0026rsquo;m not the legal expert as to say what you can and cannot do. I just know that indexes themselves have a very tight regulatory environment. So you have to be very specific about that.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe Bitdriven, I think, is a fantastic concept. I will be putting, when it goes live, I will be putting some of my own money in that one.Because I do believe in the Bitcoin halving story and I do believe, and I think we all intuitively know that when Bitcoin goes up, the market goes up. When Bitcoin goes down, the market goes down. You could argue maybe the market goes down and Bitcoin follows, but I don\u0026rsquo;t believe that to be the case. We\u0026rsquo;ve seen the Bitcoin halving and we\u0026rsquo;ve seen what that does to the markets, and we also know that some coins are more correlated to Bitcoin than others. And that\u0026rsquo;s when, I think working with 3rd parties, in this case it would be Choise.com, but there are other companies out there, I think that will be doing something quite exciting in this space, because they have the AI, they have the resources to be able to spot these trends that the average person can\u0026rsquo;t spot because he just doesn\u0026rsquo;t have the time to do it.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eI love the Bitdriven concept, I do believe in the story behind Bitcoin halving, and I know that we\u0026rsquo;ve got the tech, etc. to be able to spot those trends. Whether we add any more, I think we need to see how Bitdriven works first, because Bitdriven is quite a big bat. I don\u0026rsquo;t mean from a financial perspective, but I mean from a resource perspective. We\u0026rsquo;ve put a lot of effort into this particular concept. If it's a success , then yes, absolutely.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe other thing I\u0026rsquo;m really interested in, which might not be the same question, but it's connected, is security tokens. Now, security tokens, in a way, are a little bit like an index token, in that it is linked to some other asset. And security tokens, again it\u0026rsquo;s a licensing problem, but there\u0026rsquo;s going to be a huge explosion of, I would say timeshare-type logic applied to physical assets. So we\u0026rsquo;re working with a company that is currently doing security tokens around artwork. And they\u0026rsquo;ve got some, and I don\u0026rsquo;t mean $10,000 pieces of art, I mean $10M pieces of art.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThey\u0026rsquo;ve linked up with some of the major galleries in the world. They\u0026rsquo;ve got property portfolios, they\u0026rsquo;ve got vineyards and I think tokenization of that is going to be a very exciting feature. And again, because it\u0026rsquo;s so regulated, you\u0026rsquo;re not really seeing that at the moment in the Binances, or anything like that, because it\u0026rsquo;s a very specialized space, but we are very actively developing something in that space. So, Bitdriven might be the only, let's say, index token for the next 6 months, but I would hope you might see something in the security token space, because I think, in a similar way, it\u0026rsquo;s a very nice concept.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhen eventually will B2B be burning CRPT? If yes, when? It\u0026rsquo;s already been 2, 3 years, and if not, why?\u003c/span\u003e\u003c/h2\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eOkay, so it\u0026rsquo;s a very fair question. So, right now, let\u0026rsquo;s go back to the CRPT token. I\u0026rsquo;m probably one of the top 20 CRPT token owners, so I obviously earned a lot during the ICO days, etc., so whatever pains everyone else feels, I feel it as well. So, We all know the price of CRPT has, you know, is not where we would like it to be. We\u0026rsquo;ve had periods in the last, say a couple of years when the token has dramatically increased, and that is really due to things that have been outside of our control. Things like launching on Coinbase. Now, I say that\u0026rsquo;s outside our control, of course we wanted to be on Coinbase, but whether we get onto Coinbase or not is outside of our control. It\u0026rsquo;s up to them. So we got on Coinbase, the token went up to $1, or something in those ballpark, and we gradually dropped back down at the time.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe reality is, the CRPT token burns relative to transactional revenue. And as I\u0026rsquo;ve already mentioned, transactional revenue is down a significant percent, so the CRPT is not burning. And even if we were burning, it would be burning such a significant percentage, of the total, it would be insignificant. So let\u0026rsquo;s say we were burning 200,000. It would not have a direct impact on the supply and demand. We don\u0026rsquo;t have that many tokens as a company, so we can\u0026rsquo;t really influence it.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eSo, going back to your question, the only thing that will really change the price of CRPT is the success of the company, relative to the amount of transactions. And the CRPT has two functions inside the B2B. So the first part is, every single B2B client is given an option to dramatically reduce the fees that they pay, by buying CRPT and locking them in. Now, that has a similar impact on the marketplace as burning them, because they have to go out and buy those tokens off the marketplace and then lock them away.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThat has been happening now for the last couple of years. I\u0026rsquo;ll be honest with you. Not that many customers take that option, so we\u0026rsquo;ve got more than 50 B2B clients and maybe 1 in 10 take that option. Most of them say \u0026ldquo;No, I\u0026rsquo;ll pay the fee.\u0026rdquo;\u0026nbsp; \u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eFind out why more than 1M users trust us and use our solutions daily \u0026ndash; follow us on social media\u003c/span\u003e\u003c/h2\u003e\n\u003cp\u003e\u003cstrong\u003eTwitter \u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e\u0026mdash;\u003c/span\u003e\u003ca href=\"https://twitter.com/ChoiseCom\"\u003e\u003cspan style=\"font-weight: 400;\"\u003e \u003c/span\u003e\u003cspan style=\"font-weight: 400;\"\u003ehttps://twitter.com/ChoiseCom\u003c/span\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eDiscord\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e \u0026mdash;\u003c/span\u003e\u003ca href=\"https://discord.gg/gkcrQjcEFY\"\u003e\u003cspan style=\"font-weight: 400;\"\u003e \u003c/span\u003e\u003cspan style=\"font-weight: 400;\"\u003ehttps://discord.gg/gkcrQjcEFY\u003c/span\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eTelegram Community\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e \u0026mdash;\u003c/span\u003e\u003ca href=\"https://t.me/Choise_com_Chat\"\u003e\u003cspan style=\"font-weight: 400;\"\u003e \u003c/span\u003e\u003cspan style=\"font-weight: 400;\"\u003ehttps://t.me/Choise_com_Chat\u003c/span\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eTelegram Announcements\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e \u0026mdash;\u003c/span\u003e\u003ca href=\"https://t.me/choise_com\"\u003e\u003cspan style=\"font-weight: 400;\"\u003e \u003c/span\u003e\u003cspan style=\"font-weight: 400;\"\u003ehttps://t.me/choise_com\u003c/span\u003e\u003c/a\u003e\u003c/p\u003e","date_created":"2023-06-05T10:38:40.000Z","date_updated":"2023-06-05T13:09:34.000Z","id":15053,"old_image":null,"seo_description":null,"seo_image":null,"seo_keywords":null,"seo_title":null,"short_content":"Austin Kimm, the Director of Strategy and Investments at Choise.com, joins the community AMA to share B2B insights, discuss partnerships and more.","slug":"recap-ama-austin-kimm-may-26-2023","sort":null,"status":"published","title":"Recap of AMA with Austin Kimm, Director of Strategy and Investments | May 26, 2023","user_created":"a7ebc4eb-5248-419b-a27a-ef7a875daea2","user_updated":"a7ebc4eb-5248-419b-a27a-ef7a875daea2","image":{"charset":null,"description":null,"duration":null,"embed":null,"filename_disk":"fe7a9415-b8a1-4780-955d-1b467c9cfb0a.png","filename_download":"Austin AMA May 26.png","filesize":611974,"folder":null,"height":900,"id":"fe7a9415-b8a1-4780-955d-1b467c9cfb0a","location":null,"metadata":{},"modified_by":null,"modified_on":"2023-06-05T10:33:44.000Z","storage":"local","tags":null,"title":"Austin Ama May 26","type":"image/png","uploaded_by":"a7ebc4eb-5248-419b-a27a-ef7a875daea2","uploaded_on":"2023-06-05T13:33:43.000Z","width":1600},"category":{"title":"Insights","slug":"insights"}},{"content":"\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eChoise.com keeps up with the times and introduces a brand new loyalty offer \u0026ndash; \u003c/span\u003e\u003cstrong\u003eChoise.com Optima\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e. Why is it so relevant now?\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eDaily trading in crypto is now well above \u003c/span\u003e\u003ca href=\"https://www.enterpriseappstoday.com/stats/cryptocurrency-statistics.html\"\u003e\u003cspan style=\"font-weight: 400;\"\u003e$93.4B\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e, with \u003c/span\u003e\u003ca href=\"https://blog.everycoinprice.com/top-bitcoin-statistics/\"\u003e\u003cspan style=\"font-weight: 400;\"\u003e200K\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e transactions happening every day only on the Bitcoin network. Taking into account that\u003c/span\u003e\u003cspan style=\"font-weight: 400;\"\u003e buying and selling crypto incurs fees which can range \u003c/span\u003e\u003ca href=\"https://www.cointracker.io/blog/2019-crypto-exchange-fee-comparison\"\u003e\u003cspan style=\"font-weight: 400;\"\u003ebetween 0.05% and 0.25%\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e of the transaction volume, every day users pay more than $140M worth in fees. A surprisingly large amount, isn\u0026rsquo;t it? It looks especially huge during the \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/how-to-withstand-crypto-winter-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003ecrypto winter\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e, when users prefer to cut costs and save on everything.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAnd this is where Choise.com steps in, introducing Choise.com Optima \u0026ndash; a really attractive offer to zero out crypto purchase fees for a whole month! And if that's not enough. \u003c/span\u003e\u003cspan style=\"font-weight: 400;\"\u003eGet even more benefits in \u003c/span\u003e\u003ca href=\"https://app.crypterium.com/sign-up?utm_source=article\u0026amp;utm_medium=blog\u0026amp;utm_campaign=all%7C-optima_article_text-%7Capp%7Cperf_002\u0026amp;utm_content=article\u0026amp;utm_term=%7C\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eChoise.com App\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e throughout June 2023:\u003c/span\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003e100% fees on your crypto purchases refund*\u0026nbsp;\u003c/span\u003e\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp style=\"padding-left: 40px;\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eAs a reminder, Choise.com fees are as follows:\u003c/span\u003e\u003c/p\u003e\n\u003ctable style=\"margin-left: 40px;\"\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003ePurchase amount, in crypto equivalent\u003c/span\u003e\u003c/p\u003e\n\u003c/td\u003e\n\u003ctd\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eFee amount\u003c/span\u003e\u003c/p\u003e\n\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003e\u0026lt;\u0026euro;250\u003c/span\u003e\u003c/p\u003e\n\u003c/td\u003e\n\u003ctd\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003e2%\u003c/span\u003e\u003c/p\u003e\n\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003e\u0026ge;\u0026euro;250\u003c/span\u003e\u003c/p\u003e\n\u003c/td\u003e\n\u003ctd\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003e1%\u003c/span\u003e\u003c/p\u003e\n\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003e1-month Price predictions subscription worth $60;\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003e1-month VIP Support Service in the App: highly skilled operators, priority issues\u0026rsquo; solution and premium-quality support.\u003c/span\u003e\u003c/li\u003e\n\u003c/ul\u003e\n\u003ch5 style=\"padding-left: 40px;\"\u003e\u003cspan style=\"font-weight: 400;\"\u003e*The refund will be credited to your wallet during the first week of July 2023.\u003c/span\u003e\u003c/h5\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eHow to join the loyalty offer?\u003c/span\u003e\u003c/h2\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eComplete \u003c/span\u003e\u003cstrong\u003e4 simple steps\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e, and the premium status in Choise.com App is yours:\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eStep #1.\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e Mint at least 1 Choby from May 26 till May 31, 2023 on \u003c/span\u003e\u003ca href=\"https://nto.choise.com/?utm_source=article\u0026amp;utm_medium=blog\u0026amp;utm_campaign=all%7C-optima_article_text-%7Cnto%7Cperf_002\u0026amp;utm_content=article\u0026amp;utm_term=%7C\"\u003e\u003cspan style=\"font-weight: 400;\"\u003ento.choise.com\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e website. Chobies minted outside this period are not counted.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eStep #2. \u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003eHead to the \u0026ldquo;My profile\u0026rdquo; section and tap on the \u0026ldquo;Choise.com Optima\u0026rdquo; button in the upper right corner.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eStep #3. \u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003eFill in the form with the phone number linked to your account in Choise.com App.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eMind that you should enter the phone number registered in the App, otherwise you will not be able to use our offer.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eStep #4.\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e Enjoy all benefits of Choise.com Optima.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e","date_created":"2023-05-26T19:23:11.000Z","date_updated":"2023-05-30T13:22:51.000Z","id":15052,"old_image":null,"seo_description":null,"seo_image":null,"seo_keywords":null,"seo_title":null,"short_content":"A really attractive offer to zero out crypto purchase fees for a whole month and more benefits in Choise.com App.","slug":"choise-com-optima-loyalty-offer","sort":null,"status":"published","title":"Meet our loyalty offer – Choise.com Optima","user_created":"a7ebc4eb-5248-419b-a27a-ef7a875daea2","user_updated":"a7ebc4eb-5248-419b-a27a-ef7a875daea2","image":{"charset":null,"description":null,"duration":null,"embed":null,"filename_disk":"16842058-e9c5-4bf0-8c9c-b28c1039048a.png","filename_download":"Choise.com Optima loyalty offer_16x9.png","filesize":1614249,"folder":null,"height":1080,"id":"16842058-e9c5-4bf0-8c9c-b28c1039048a","location":null,"metadata":{},"modified_by":null,"modified_on":"2023-05-26T19:21:07.000Z","storage":"local","tags":null,"title":"Choise.com Optima Loyalty Offer 16x9","type":"image/png","uploaded_by":"a7ebc4eb-5248-419b-a27a-ef7a875daea2","uploaded_on":"2023-05-26T22:21:07.000Z","width":1920},"category":{"title":"Latest","slug":"latest"}},{"content":"\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eIn this guide\u003c/span\u003e\u003c/h2\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhy evaluate NFT projects\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eHow to evaluate NFT projects\u003c/span\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"2\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eAim of the project\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"2\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eUtility\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"2\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eTeam\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"2\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eRoadmap\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"2\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eCommunity power\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"2\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eMinting cost\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"2\"\u003e\u003cspan style=\"font-weight: 400;\"\u003ePercentage royalty\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"2\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eFloor price\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"2\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eHolder distribution\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"2\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhale watching\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"2\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eProject promotions\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"2\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eTrading volume\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"2\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eLiquidity\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"2\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eDiamond hand value\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"2\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eRarity\u003c/span\u003e\u003c/li\u003e\n\u003c/ul\u003e\n\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eOne more question to be answered: Do I like and understand the product?\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eFinal thoughts\u003c/span\u003e\u003c/li\u003e\n\u003c/ul\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhy evaluate NFT projects\u003c/span\u003e\u003c/h2\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAs with all kinds of cryptocurrency investment, researching projects is one of the main skills to acquire. \u003c/span\u003e\u003ca href=\"https://choise.com/news/crypto-world/what-is-nft-and-how-does-it-work-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eNFTs\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e are no exception. There are a few aspects that are worth looking into in more depth, before deciding to put your crypto asset into a project. Let\u0026rsquo;s consider them all.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eHow to evaluate NFT projects\u003c/span\u003e\u003c/h2\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eAim of the project\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe first thing to take a close look at is the aim of the NFT project, since it is crucial to understanding its potential value. Evaluating the aim involves assessing the project's goals, objectives, and intended outcomes.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eTake a look at the goals: are they realistic, achievable, and aligned with the available resources, technology, and market conditions? Access the project's objectives, gauge whether it addresses a specific problem, provides a unique solution, or offers innovative features that differentiate it from other projects in the market. If the project aims to solve a genuine problem or cater to a specific target audience, it increases the chances of attracting users and generating demand for its NFTs.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAlso, determine whether the project has a viable business model, revenue streams, or plans for growth and expansion that can sustain its operations in the future.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eUtility\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eEvaluating the utility of the NFT project is important because it helps assess the practical value and usefulness that the project offers to its users, participants, and the broader ecosystem.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eConsider the unique value proposition of the NFT project \u0026ndash; specific benefits, features, or functionalities that it offers to users, such as increased access to digital content, ownership verification, enhanced rights management, or new opportunities for creators and collectors.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eDetermine how the project differentiates itself from competitors and offers advantages, which can attract users and drive adoption.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eConsider the user experience of the NFT project. It includes factors such as ease of use, accessibility, \u003c/span\u003e\u003ca href=\"https://choise.com/news/crypto-world/nft-security-issues-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003esecurity\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e, scalability, and interoperability. A project that offers a seamless and intuitive user experience is more likely to attract and retain users.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eExamine the project\u0026rsquo;s potential for integration into real-world applications or industries. This evaluation helps determine whether the project has practical applications beyond the realm of digital collectibles, such as in art, gaming, music, virtual real estate, or supply chain management.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003ca href=\"https://nto.choise.com/mint?utm_source=article\u0026amp;utm_medium=blog\u0026amp;utm_campaign=all%7C-ai_article_nft_projects_evaluation_banner1-%7Cnto%7Cperf_002\u0026amp;utm_content=article\u0026amp;utm_term=%7C\" target=\"_blank\" rel=\"noopener\"\u003e\u003cimg src=\"https://cms.choise.com/assets/78e915fc-2936-4be0-9d11-93a230672125?width=2730\u0026amp;height=1536\" alt=\"Mint Your Choby Now\" /\u003e\u003c/a\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eTeam\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe next important factor to look at when evaluating the NFT project is the team behind it. It is crucial because the team's skills, expertise, experience, and track record play a significant role in the project's success.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAssessing the team includes determination of their competence and expertise in relevant domains such as blockchain technology, NFT development, smart contract programming, token economics, market analysis, or community management. Teams with a diverse skill set and relevant experience are more likely to navigate challenges effectively and deliver a high-quality project bringing it from concept to implementation.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAlso, if possible, try to dive into the team\u0026rsquo;s capacity for innovation and creativity. If the team shows signs of thinking outside the box, proposing novel ideas, and developing unique functionalities, it is more likely to create a differentiated NFT project that stands out in the market.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eEvaluating the team involves considering their network and connections within the industry: established relationships with relevant influencers, advisors, or strategic partners.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eFinally, consider the team's reputation, integrity, and commitment to transparency. Teams with a strong ethical foundation and a history of fair practices enhance the project's reputation and can attract investors, collaborators, and community members.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eRoadmap\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eEvaluating the roadmap of an NFT project is important because it provides a clear outline of the project's milestones and plans for development. It also helps to understand the timeline, progress, and potential for success.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eMeeting key milestones of the roadmap demonstrates the project's execution capabilities and indicates progress towards delivering a functional and valuable NFT platform or ecosystem. A well-designed roadmap should include contingencies or provisions for adjustments, ensuring that the project can adapt to unforeseen challenges or capitalize on new opportunities.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eA clear roadmap also promotes transparency and accountability.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eCommunity\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe community surrounding the NFT project plays a vital role in its success and adoption. Vibrant and active community indicates that there is interest and enthusiasm for the project among users, collectors, creators, and investors. It suggests that the project has the potential to attract a growing user base and generate demand for its NFTs.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eBesides, a well-functioning community governance model, where community members have a voice in decision-making processes, can contribute to transparency, fairness, and long-term sustainability. Assess the community's participation and governance structures to ensure that the project aligns with its decentralized principles.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eMinting cost\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe minting cost refers to the fee associated with creating and issuing an NFT on the project's platform and is important because it directly affects the economics, accessibility, and attractiveness of the project.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAlong with other revenue streams or tokenomics, it determines the project's potential for generating sustainable revenue and maintaining its operations. Striking the right balance between the project's economic sustainability and affordability for creators is crucial since a lower minting cost reduces the entry barrier, allowing a wider range of collectors to participate in the ecosystem.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eComparing the minting costs with other NFT platforms or projects will allow you to assess whether the project offers a cost advantage or is aligned with industry standards.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003ePercentage royalty\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe percentage royalty is the portion of future sales or secondary market transactions that the creator receives as compensation for their original work. It reflects the project's commitment to recognizing the value and intellectual property rights of creators.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eA higher royalty percentage can motivate creators to join the platform and \u003c/span\u003e\u003ca href=\"https://choise.com/news/crypto-world/what-is-nft-minting-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003emint their NFTs\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e, as it offers the potential for ongoing income and a share of the value generated by their work. It encourages more high-quality content and attracts established artists or creators to the project.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eFloor price\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe floor price provides insights into the minimum price at which NFTs from the project are being traded or sold on the secondary market.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAssessing the floor price helps gauge the market demand for NFTs from the project. The higher the floor price the stronger the demand, as collectors are willing to pay a premium to acquire the NFTs. It suggests that the project's NFTs are perceived as valuable and desirable within the market.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAlso, if the floor price remains relatively consistent or shows gradual growth over time, it proves a more stable market for the project's NFTs. This stability can provide reassurance, mitigating concerns about significant price volatility.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eComparing the floor price with other projects or similar NFTs allows for an assessment of the project's value proposition, and market positioning.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eHolder distribution\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAnother factor to watch is holder distribution which refers to analyzing the concentration of ownership among the project's token holders or NFT collectors. It involves assessing the number of unique holders, the distribution of tokens or NFTs among them, and the potential impact on market dynamics.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eBy considering this factor you can receive insights on decentralization, market stability, market depth, \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/are-nfts-worth-investing-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003einvestor confidence\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e, and long-term sustainability. A well-distributed ownership structure enhances the project's resilience.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhale watching\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhale watching involves monitoring and analyzing the activities of large holders or \"whales\" within the project's ecosystem. Whales typically refer to individuals or entities that hold a significant amount of tokens or NFTs, often having the ability to influence market dynamics due to their substantial holdings.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhale watching helps identify potential instances of market manipulation, since large holders with significant influence can impact the market by \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/how-to-buy-nfts-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003ebuying\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e or selling large amounts of NFTs, potentially causing price volatility or artificial market movements.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eProject promotions\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003ePromotion of an NFT project plays a significant role in raising awareness.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eTake a look at the effectiveness of marketing strategies in acquiring new users, reach and engagement of promotional campaigns, such as social media marketing, influencer collaborations, content creation, and advertising, evaluate promotional activities, eg. public relations, events, partnerships, etc.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eEffective promotion helps drive adoption, build a strong community, differentiate the project from competitors, and attract users, creators, and investors to participate in the project's ecosystem.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eTrading volume\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eEvaluating the trading volume of an NFT project is important because it provides insights into the level of market activity and liquidity within the project's \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/best-nft-marketplaces-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003emarketplace\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e. Higher trading volumes indicate a vibrant marketplace with frequent \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/how-to-trade-nfts-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003ebuying and selling activity\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e. It suggests greater interest and engagement and a healthy ecosystem.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAlso, trading volume is closely tied to liquidity, allowing participants to enter and exit positions more easily without significant price slippage.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eLiquidity\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eLiquidity is a key factor for the market, since a highly liquid market allows for smoother and faster transactions, ensuring that buyers and sellers can easily enter or exit positions at fair prices. Evaluating liquidity helps gauge the efficiency of the market and the ease with which participants can trade tokens or NFTs.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eDiamond hand value\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe term \"diamond hand\" refers to a concept often associated with long-term \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/are-nfts-worth-investing-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003einvestors\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e who hold onto their investments through market fluctuations and remain committed to their positions. While \"diamond hand\" is more commonly used in the context of cryptocurrencies and stocks, evaluating the concept in the NFT project can provide insights into the level of conviction and commitment of NFT holders. Note that the process may not provide definitive data or metrics but rather serves as an observational assessment of the prevailing sentiment within the project.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eRarity\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eRarity is a key factor that contributes to the desirability of NFTs. It refers to the uniqueness and scarcity of a particular NFT within a collection or the entire NFT project. Evaluating the\u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/nft-rarity-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003e rarity of an NFT project\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e is important to assess collectibility, scarcity and exclusivity, market demand, and investor considerations.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eRelated reading: \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/nft-rarity-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eNFT rarity 2023 | News Blog | Choise.com\u003c/span\u003e\u003c/a\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eOne more question to be answered\u003c/span\u003e\u003c/h2\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eDo I like and understand the product?\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAfter considering a great number of factors, it is time to just ask yourself: \"Do I like and understand the product?\" Answering this simple question will help you assess your personal interest, comprehension, and alignment with the NFT project.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAlso, understanding the product is essential for evaluating its user experience. If you have a deep understanding, you are better equipped to identify potential challenges or limitations. This enables you to make more informed decisions regarding your involvement.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eFinal thoughts\u0026nbsp;\u003c/span\u003e\u003c/h2\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe NFT space is evolving rapidly, with new projects emerging constantly. By carefully evaluating those you like most, you can assess their potential for generating\u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/are-nfts-worth-investing-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003e returns on your investment\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e and the risks involved, and therefore make educated decisions based on your interests and goals.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003ca href=\"https://nto.choise.com/mint?utm_source=article\u0026amp;utm_medium=blog\u0026amp;utm_campaign=all%7C-ai_article_nft_projects_evaluation_banner2-%7Cnto%7Cperf_002\u0026amp;utm_content=article\u0026amp;utm_term=%7C\" target=\"_blank\" rel=\"noopener\"\u003e\u003cimg src=\"https://cms.choise.com/assets/5ad73594-5cba-4f47-a57d-e654f239e8d9?width=5760\u0026amp;height=2364\" alt=\"The First Nto Ever 16x9\" /\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003e\u003ca href=\"https://nto.choise.com/mint?utm_source=article\u0026amp;utm_medium=blog\u0026amp;utm_campaign=all%7C-ai_article_nft_projects_evaluation_banner2-%7Cnto%7Cperf_002\u0026amp;utm_content=article\u0026amp;utm_term=%7C\" target=\"_blank\" rel=\"noopener\"\u003e\u003cimg src=\"https://cms.choise.com/assets/62deb60c-3763-481a-a67a-9cc5eda61b9b?width=1440\u0026amp;height=260\" alt=\"Frame 10\" /\u003e\u003c/a\u003e\u003c/span\u003e\u003c/p\u003e","date_created":"2023-05-22T09:54:00.000Z","date_updated":"2023-05-23T06:50:18.000Z","id":15051,"old_image":null,"seo_description":"An ultimate guide to NFT projects’ evaluation in 2023: what factors to take into account and how to make an assessment based on them. ","seo_image":null,"seo_keywords":["NFT","Non-Fungible token","NFT evaluation","Non-Fungible token evaluation","NFT evaluation 2023","NFT projects","NFT projects evaluation","NFT projects evaluation 2023","metrics to evaluate NFT projects","metrics to evaluate NFT projects 2023","NFT project aim","NFT project utility","NFT project team","NFT project community","NFT project roadmap","NFT project minting cost","NFT project percentage royalty","NFT project floor price","NFT project holder distribution","NFT project whale watching","NFT project trading volume","NFT project liquidity","NFT project rarity","Diamond hand value"],"seo_title":"Key indicators to evaluate NFT projects in 2023","short_content":"An ultimate guide to NFT projects’ evaluation: what factors to take into account and how to make an assessment based on them. ","slug":"key-indicators-to-evaluate-nft-projects-2023","sort":null,"status":"published","title":"Key indicators to evaluate NFT projects in 2023","user_created":"a7ebc4eb-5248-419b-a27a-ef7a875daea2","user_updated":"a7ebc4eb-5248-419b-a27a-ef7a875daea2","image":{"charset":null,"description":null,"duration":null,"embed":null,"filename_disk":"0c3f1abe-8dd7-4351-8c2e-aff9b464d656.png","filename_download":"Key indicators for NFT collectors to evaluate NFT projects.png","filesize":1038887,"folder":null,"height":1080,"id":"0c3f1abe-8dd7-4351-8c2e-aff9b464d656","location":null,"metadata":{},"modified_by":null,"modified_on":"2023-05-22T21:48:07.000Z","storage":"local","tags":null,"title":"Key Indicators for Nft Collectors to Evaluate Nft Projects","type":"image/png","uploaded_by":"a7ebc4eb-5248-419b-a27a-ef7a875daea2","uploaded_on":"2023-05-23T00:48:07.000Z","width":1920},"category":{"title":"Tutorials","slug":"tutorials"}},{"content":"\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eIn this guide\u003c/span\u003e\u003c/h2\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhat are NFTs?\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eProof of work vs Proof of stake\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eDo I need NFTs in my portfolio?\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eIs investing in NFTs worth it?\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eDisadvantages of investing in NFTs and tips on how to avoid them\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eAre NFTs just a bubble?\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhat does the future of NFTs look like?\u003c/span\u003e\u003c/li\u003e\n\u003c/ul\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhat are NFTs?\u003c/span\u003e\u003c/h2\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eNFTs, or \u003c/span\u003e\u003ca href=\"https://choise.com/news/crypto-world/what-is-nft-and-how-does-it-work-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eNon-Fungible Tokens\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e, are digital assets that represent ownership or proof of authenticity of a unique item or piece of content, using blockchain technology. While cryptocurrencies like Bitcoin and Ethereum are fungible, meaning they can be exchanged on a one-to-one basis, NFTs are non-fungible, as each token is distinct and cannot be exchanged on a like-for-like basis.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eNFTs have gained significant attention and popularity in recent years, especially in the art and collectibles space. They enable creators to tokenize their digital works, such as artwork, music, videos, virtual real estate, and \u003c/span\u003e\u003ca href=\"https://choise.com/news/crypto-world/10-nft-types-what-is-inside\"\u003e\u003cspan style=\"font-weight: 400;\"\u003emore\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e, and sell them on various blockchain platforms. Each NFT contains a unique identifier, metadata, and ownership information stored on the blockchain, ensuring its authenticity and provenance.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe blockchain technology underlying NFTs provides transparency, immutability, and decentralization. It allows anyone to verify the ownership and transaction history of an NFT, preventing counterfeiting or duplication of digital assets. The Ethereum blockchain, specifically its \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/nft-smart-contracts-explained-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eERC-721\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e and \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/nft-smart-contracts-explained-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eERC-1155\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e standards, is commonly used for creating and trading NFTs, although other blockchains like Flow and Binance Smart Chain also support NFT functionality.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eNFTs have sparked debates around topics such as digital ownership, copyright, and environmental concerns due to the energy consumption associated with blockchain technology. Nonetheless, they have opened up new opportunities for creators, collectors, and investors in the digital realm, creating novel ways to value and \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/how-to-trade-nfts-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003etrade digital assets\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eProof of work vs Proof of stake\u003c/span\u003e\u003c/h2\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eProof of Work (PoW) and Proof of Stake (PoS) are two distinct consensus mechanisms used in blockchain networks. While they both aim to achieve consensus and secure the network, they differ in several key aspects.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eHere's a comparison:\u003c/span\u003e\u003c/p\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eResource Consumption\u003c/span\u003e\u003c/h3\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003ePoW\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e: It requires substantial computational power and energy consumption as miners compete to solve complex mathematical problems.\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003ePoS\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e: It consumes significantly less energy as it relies on participants' ownership or stake in the network's cryptocurrency rather than computational power.\u003c/span\u003e\u003c/li\u003e\n\u003c/ul\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eBlock Creation\u003c/span\u003e\u003c/h3\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003ePoW\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e: Miners compete to find a solution to a mathematical problem, and the first miner to solve it adds a new block to the blockchain.\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003ePoS\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e: Validators are chosen to create new blocks based on the number of tokens they hold and stake in the network. The selection process is often based on factors such as stake size, coin age, or a random element.\u003c/span\u003e\u003c/li\u003e\n\u003c/ul\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eSecurity\u003c/span\u003e\u003c/h3\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003ePoW\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e: It provides robust security due to the computational power required. Changing the contents of a block would necessitate redoing the proof of work for that block and subsequent blocks, which becomes increasingly difficult as the chain grows.\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003ePoS\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e: \u003c/span\u003e\u003ca href=\"https://choise.com/news/crypto-world/nft-security-issues-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eSecurity\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e is enforced through validators' economic incentives. Validators have something at stake (their staked tokens) and can lose them if they act maliciously or validate fraudulent transactions.\u003c/span\u003e\u003c/li\u003e\n\u003c/ul\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eDecentralization\u003c/span\u003e\u003c/h3\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003ePoW\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e: It is considered to be decentralized as multiple miners from around the world participate in the network, contributing to block creation and validation.\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003ePoS\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e: Decentralization depends on the distribution of cryptocurrency ownership. While PoS can be decentralized, concentration of tokens in a few hands may lead to centralization risks.\u003c/span\u003e\u003c/li\u003e\n\u003c/ul\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eSybil Attacks\u003c/span\u003e\u003c/h3\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003ePoW\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e: It provides resistance against Sybil attacks since miners need substantial computational resources to mine blocks, making it difficult to create multiple identities or nodes.\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003ePoS\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e: While PoS systems can also resist Sybil attacks, they rely on the assumption that a large number of tokens are not concentrated in the hands of a single entity.\u003c/span\u003e\u003c/li\u003e\n\u003c/ul\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eEconomic Incentives\u003c/span\u003e\u003c/h3\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003ePoW\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e: Miners receive rewards in the form of newly minted cryptocurrency and transaction fees for their mining efforts.\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003ePoS\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e: Validators earn transaction fees or newly minted cryptocurrency as rewards for participating in block creation and validation, based on their stake in the network.\u003c/span\u003e\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eBoth PoW and PoS have their strengths and weaknesses, and each has found application in various blockchain networks. PoW is well-established, highly secure, and widely used, while PoS offers energy efficiency and potential scalability advantages. The choice between the two depends on the specific goals, characteristics, and requirements of a blockchain project.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eDo I need NFTs in my portfolio?\u003c/span\u003e\u003c/h2\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe decision of whether to include NFTs in your portfolio depends on your investment goals, risk tolerance, and understanding of the \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/best-nft-marketplaces-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eNFT market\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eBasically, NFTs can add diversification to your investment portfolio, especially if you already have exposure to traditional asset classes like stocks and bonds. NFTs offer a unique asset class with potential for value appreciation, but they also come with their own risks and market dynamics.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThat is, NFTs are still a relatively new and evolving market, and as such, they can be highly volatile. Prices of NFTs can fluctuate dramatically, and the market may experience periods of hype and speculation. It's essential to assess your risk tolerance and be prepared for potential price swings or even the possibility of losing your investment.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eYou should also bear in mind that NFTs are primarily associated with digital art and collectibles, but their \u003c/span\u003e\u003ca href=\"https://choise.com/news/crypto-world/the-nft-is-dead-long-live-the-nto\"\u003e\u003cspan style=\"font-weight: 400;\"\u003euse cases are expanding.\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e It's crucial to understand the underlying dynamics of the NFT market, including factors like authenticity, scarcity, the reputation of creators or platforms, and the potential for liquidity.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003e\u003ca href=\"https://nto.choise.com/mint?utm_source=article\u0026amp;utm_medium=blog\u0026amp;utm_campaign=all%7C-ai_article_nfts_worth_investing_banner1-%7Cnto%7Cperf_002\u0026amp;utm_content=article\u0026amp;utm_term=%7C\" target=\"_blank\" rel=\"noopener\"\u003e\u003cimg src=\"https://cms.choise.com/assets/af633655-bca9-4aba-be4c-cddc2d8989df?width=2406\u0026amp;height=1100\" alt=\"Chobies Nto by Choise.com 1\" /\u003e\u003c/a\u003e\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eSome proponents believe that NFTs have the potential to \u003c/span\u003e\u003ca href=\"https://choise.com/news/cho-token/choise-com-launches-first-nto-ever\"\u003e\u003cspan style=\"font-weight: 400;\"\u003erevolutionize\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e ownership and digital content monetization. If you believe in the long-term viability of NFTs and their ability to transform various industries, you might consider allocating a portion of your portfolio to NFTs.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIt's worth noting that NFTs can be subject to regulatory changes, technological advancements, and shifts in market sentiment. Therefore, before investing in NFTs, it's important to conduct \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/how-to-detect-nft-scams-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003ethorough research\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e and due diligence. Evaluate the reputation and credibility of artists, platforms, and marketplaces. Understand the terms and conditions, ownership rights, and potential resale opportunities for the NFTs you are interested in.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eIs investing in NFTs worth it?\u003c/span\u003e\u003c/h2\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe worthiness of investing in NFTs depends on various factors and is subjective to individual circumstances. You should consider the following points when evaluating the potential \u003c/span\u003e\u003ca href=\"https://choise.com/news/crypto-world/nft-is-there-hope-for-the-market\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eworthiness of investing\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e in NFTs:\u003c/span\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eMarket dynamics\u003c/span\u003e\u003c/h3\u003e\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eNFTs have experienced significant growth and attention in recent years, particularly in the art and collectibles space. However, it's important to recognize that the market can be subject to hype cycles. Prices of NFTs can fluctuate greatly, and it can be challenging to predict \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/nft-rarity-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003elong-term value\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e.\u003c/span\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eVolatility\u003c/span\u003e\u003c/h3\u003e\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eNFTs can be highly volatile and speculative investments. Prices can rise and fall rapidly, and it's possible to lose your investment.\u003c/span\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eUnderstanding the market\u003c/span\u003e\u003c/h3\u003e\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eTo make informed investment decisions, familiarize yourself with factors such as authenticity, scarcity, the reputation of artists or creators, and the platforms or \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/what-is-opensea-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003emarketplaces\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e where NFTs are traded.\u003c/span\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eInvestment goals\u003c/span\u003e\u003c/h3\u003e\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eConsider your investment goals and how NFTs align with them. Are you investing for potential financial returns, or do you have a personal interest in supporting artists or owning digital collectibles? Clarify your objectives to determine if investing in NFTs aligns with your broader investment strategy.\u003c/span\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eDue Diligence\u003c/span\u003e\u003c/h3\u003e\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThorough research and due diligence are essential before investing in NFTs. Understand the terms and conditions, ownership rights, potential resale opportunities, and the overall quality of the NFTs you are interested in.\u003c/span\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eLong-Term viability\u003c/span\u003e\u003c/h3\u003e\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eSome proponents believe that NFTs have the potential to transform various industries and redefine ownership and monetization of digital assets. If you believe in the long-term viability and potential of NFTs, you might consider investing in them as part of a diversified portfolio.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eDisadvantages of investing in NFTs and tips on how to avoid them\u003c/span\u003e\u003c/h2\u003e\n\u003col\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003eSpeculation\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e \u0026ndash; consider setting a budget for NFT investments and allocate only a portion of your portfolio to this asset class.\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003eLack of regulation\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e \u0026ndash; look for well-established marketplaces, and transparent information about the provenance and authenticity of the NFTs.\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003eLiquidity\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e \u0026ndash; be prepared for potential challenges in finding buyers or liquidity when you want to sell your NFTs.\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003eSustainability concerns\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e \u0026ndash; research and choose NFTs built on blockchain platforms with more energy-efficient consensus mechanisms or explore environmentally conscious NFT marketplaces.\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003eMarket hype\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e \u0026ndash; be cautious of investing solely based on hype and consider the long-term value proposition of the NFTs you are interested in.\u0026nbsp;\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003eTechnological risks\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e \u0026ndash; choose \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/how-to-trade-nfts-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eestablished platforms\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e with robust security measures and keep your digital wallet and software up to date with the latest security patches.\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003eEmotional bias and FOMO\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e \u0026ndash; avoid making investment decisions based solely on social media trends, celebrity endorsements, or speculative hype.\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003eLack of historical data\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e \u0026ndash; conduct thorough research on similar assets, track the market trends.\u003c/span\u003e\u003c/li\u003e\n\u003c/ol\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eAre NFTs just a bubble?\u003c/span\u003e\u003c/h2\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe term \"bubble\" refers to a situation where the price of an asset rises significantly above its intrinsic value, driven by speculative demand rather than fundamental factors. While there has been a significant amount of hype and speculation in the NFT market, it is difficult to definitively classify it as a bubble.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhat does the future of NFTs look like?\u003c/span\u003e\u003c/h2\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe future of NFTs is still evolving, and its exact trajectory is uncertain.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eStill, while NFTs have gained significant traction in the art world, they have the potential to expand into other industries. We may see NFTs being used for virtual real estate, music, film, collectibles, fashion, sports, and more. The ability to tokenize and prove ownership of digital assets opens up possibilities for new business models and revenue streams.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eNFTs can be integrated with decentralized finance (DeFi) protocols, enabling liquidity, fractional ownership, and lending against NFT collateral. Additionally, there is potential for tokenization of real-world assets, such as real estate or intellectual property, allowing individuals to invest in and trade fractional ownership of these assets.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003ca href=\"https://nto.choise.com/mint?utm_source=article\u0026amp;utm_medium=blog\u0026amp;utm_campaign=all%7C-ai_article_nfts_worth_investing_banner2-%7Cnto%7Cperf_002\u0026amp;utm_content=article\u0026amp;utm_term=%7C\" target=\"_blank\" rel=\"noopener\"\u003e\u003cimg src=\"https://cms.choise.com/assets/e39edbdb-0f41-434d-a8bc-52dfac7d1a1e?width=2880\u0026amp;height=240\" alt=\"Mint Is Live! 4\" /\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eNFTs also have the potential to play a crucial role in the development of virtual worlds and metaverses, immersive digital environments where users interact, create, and trade virtual assets. NFTs can represent land, avatars, items, and other digital goods within these virtual spaces, allowing users to have true ownership and monetization opportunities.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAs the NFT market continues to grow, regulators may become more involved in establishing frameworks to protect consumers, \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/how-to-detect-nft-scams-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eprevent fraud\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e, and ensure compliance with existing laws related to intellectual property, taxation, and securities. Clear regulations and industry standards can provide more stability and foster mainstream adoption.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eBesides, in the future, there may be efforts to improve interoperability and establish common standards, enabling easier transfer and exchange of NFTs across different platforms and ecosystems.\u003c/span\u003e\u003c/p\u003e","date_created":"2023-05-17T11:27:00.000Z","date_updated":"2023-05-18T11:38:48.000Z","id":15050,"old_image":null,"seo_description":"Prevent yourself from making poor investment decisions. Check out the complete guide and find answers to the most common questions about NFT investment.","seo_image":null,"seo_keywords":["NFT","NFTs","Non-Fungible token","NFTs 2023","invest in NFTs","are NFTs worth investing","NFTs worth investing","NFT investment","NFTs a bubble","Invest in NFT 2023","Future of NFT investment"],"seo_title":"Are NFTs worth it? Pros and cons of investing in NFTs in 2023","short_content":"Prevent yourself from making poor investment decisions. Check out the guide and find answers to the most common questions about NFTs.","slug":"are-nfts-worth-investing-2023","sort":null,"status":"published","title":"Are NFTs worth it? Pros and cons of investing in NFTs in 2023","user_created":"a7ebc4eb-5248-419b-a27a-ef7a875daea2","user_updated":"a7ebc4eb-5248-419b-a27a-ef7a875daea2","image":{"charset":null,"description":null,"duration":null,"embed":null,"filename_disk":"35adef63-ec86-4b74-9d49-f656ec4997fa.png","filename_download":"Are NFTs worth investing.png","filesize":1619989,"folder":null,"height":1080,"id":"35adef63-ec86-4b74-9d49-f656ec4997fa","location":null,"metadata":{},"modified_by":null,"modified_on":"2023-05-18T11:24:51.000Z","storage":"local","tags":null,"title":"Are Nf Ts Worth Investing","type":"image/png","uploaded_by":"a7ebc4eb-5248-419b-a27a-ef7a875daea2","uploaded_on":"2023-05-18T14:24:50.000Z","width":1920},"category":{"title":"Tutorials","slug":"tutorials"}},{"content":"\u003cp\u003e\u003cem\u003e\u003cspan style=\"font-weight: 400;\"\u003eSpeaker: Anastasia Kor is the Chief Marketing Officer at Choise.com. Anastasia joins the community AMA to answer the questions mainly concerning the upcoming BitDriven launch.\u003c/span\u003e\u003c/em\u003e\u003c/p\u003e\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhat sets BitDriven apart from other cryptocurrency investment options?\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eBitDriven stands out for several reasons. First, it utilizes an AI algorithm. It is designed to identify coins with the potential to grow up to 12 times alongside the next Bitcoin growth. By leveraging artificial intelligence, BitDriven brings a data-driven approach to investment decision-making.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eBitDriven portfolio consists of well-established coins that have a successful track record of outperforming Bitcoin after each halving. These coins are carefully selected by professionals from One More Fund based on their strong fundamentals and historical performance.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eUnlike traditional tokens, the BitDriven index token represents an index value calculated in proportion to the growth of the entire portfolio. This means investors can participate in the overall performance of the BitDriven portfolio without the need to hold individual tokens. This makes BitDriven a convenient and simplified investment option even for beginners.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eI guess that\u0026rsquo;s already enough to set BitDriven apart from many other investment options available on the market.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhat about BitDriven? Is there any schedule?\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eRegarding the launch of BitDriven, I can only assure you that its sale will start in the nearest days. We encourage investors to stay tuned for the latest updates, as we are just as excited as you are about its release. This product is worth waiting for.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhat kind of returns can I expect from investing in BitDriven?\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003e\u0026ldquo;Get up to 1 200% expected return with BitDriven portfolio\u0026rdquo; - these are the first words on the BitDriven website (\u003c/span\u003e\u003ca href=\"https://choise.com/bitdriven\"\u003e\u003cspan style=\"font-weight: 400;\"\u003ehttps://choise.com/bitdriven\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e), what else can I add to this?\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eBitDriven is an index token. Holding it gives you an exceptional chance to earn without having to sweep for promising coins. They are already included in the BitDriven portfolio \u0026ndash; it comprises hand-picked and machine-analyzed tokens that show prospects for outstanding performance and high correlation with BTC.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAs it\u0026rsquo;s mentioned on the website, the list of tokens inside the BitDriven portfolio will be provided to holders after the launch of the strategy. But I will reveal some coins from the portfolio today:\u003c/span\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eBancor (BNT)\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eAragon (ANT)\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003ePolygon (MATIC)\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eCardano (ADA)\u003c/span\u003e\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eCheck their historical performance and correlation with BTC price, add constant professional rebalancing of the portfolio and, voila, predict your returns.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAs for me, BitDriven is a convenient tool for getting passive income, but you cannot neglect the market rules. That is why I kindly remind you that any form of investment is ultimately a personal decision.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eHave you thought of creating meme coins/tokens?\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eNo such plans for now as we\u0026rsquo;re mostly concentrated on product development and our B2B services. However, sometimes we get listing requests from meme coins and if the community is ok with that, we can list some.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eCheck for more information:\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003ca href=\"https://t.me/Choise_com_Chat/148636\"\u003e\u003cspan style=\"font-weight: 400;\"\u003ehttps://t.me/Choise_com_Chat/148636\u003c/span\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003e\u003ca href=\"https://t.me/Choise_com_Chat/148637\"\u003e\u003cspan style=\"font-weight: 400;\"\u003ehttps://t.me/Choise_com_Chat/148637\u003c/span\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eDo you plan CRPT price prediction contest?\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eNo, currently we do not have plans to run any new prediction contest. However, you can still participate in the CHO Prediction contest and win $1 million for just one tweet. Check the rules here \u003c/span\u003e\u003ca href=\"https://choise.com/million4cho\"\u003e\u003cspan style=\"font-weight: 400;\"\u003ehttps://choise.com/million4cho\u003c/span\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhen will we see a roadmap?\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eKeeping in mind the ever-changing dynamics of the crypto space, Choise.com prioritizes flexibility, as it enables the team to create new products and opportunities for holders and our community in a more efficient and responsive manner.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAs I\u0026rsquo;ve said earlier, we today concentrate on developing our B2B services and white label solutions, since the B2C market is not active during the crypto winter. However, we also test and launch products like BitDriven and NTO.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhile our short-term product plans are a matter of constant updates, our basic development course is defined and will be packed in a roadmap to be provided to the community.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eFind out why more than 1M users trust us and use our solutions daily \u0026ndash; follow us on social media\u003c/span\u003e\u003c/h2\u003e\n\u003cp\u003e\u003cstrong\u003eTwitter \u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e\u0026mdash; \u003c/span\u003e\u003ca href=\"https://twitter.com/ChoiseCom\"\u003e\u003cspan style=\"font-weight: 400;\"\u003ehttps://twitter.com/ChoiseCom\u003c/span\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eDiscord\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e \u0026mdash; \u003c/span\u003e\u003ca href=\"https://discord.gg/gkcrQjcEFY\"\u003e\u003cspan style=\"font-weight: 400;\"\u003ehttps://discord.gg/gkcrQjcEFY\u003c/span\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eTelegram Community\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e \u0026mdash; \u003c/span\u003e\u003ca href=\"https://t.me/Choise_com_Chat\"\u003e\u003cspan style=\"font-weight: 400;\"\u003ehttps://t.me/Choise_com_Chat\u003c/span\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eTelegram Announcements\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e \u0026mdash; \u003c/span\u003e\u003ca href=\"https://t.me/choise_com\"\u003e\u003cspan style=\"font-weight: 400;\"\u003ehttps://t.me/choise_com\u003c/span\u003e\u003c/a\u003e\u003c/p\u003e","date_created":"2023-05-16T15:17:00.000Z","date_updated":"2023-05-17T14:16:22.000Z","id":77,"old_image":null,"seo_description":null,"seo_image":null,"seo_keywords":null,"seo_title":null,"short_content":"Anastasia joins the community AMA to answer the questions mainly concerning the upcoming BitDriven launch.","slug":"recap-ama-anastasia-kor-may-16-2023","sort":null,"status":"published","title":"Recap of AMA with Anastasia Kor, CMO at Choise.com | May 16, 2023","user_created":"ca36dd59-e84f-4468-80da-d7762c746176","user_updated":"a7ebc4eb-5248-419b-a27a-ef7a875daea2","image":{"charset":null,"description":null,"duration":null,"embed":null,"filename_disk":"07eb2b06-6fcd-47ab-92d7-5b567455e8f5.png","filename_download":"AMA 16 May.png","filesize":669763,"folder":null,"height":900,"id":"07eb2b06-6fcd-47ab-92d7-5b567455e8f5","location":null,"metadata":{},"modified_by":null,"modified_on":"2023-05-16T20:17:45.000Z","storage":"local","tags":null,"title":"Ama 16 May","type":"image/png","uploaded_by":"a7ebc4eb-5248-419b-a27a-ef7a875daea2","uploaded_on":"2023-05-16T20:17:45.000Z","width":1600},"category":{"title":"Insights","slug":"insights"}},{"content":"\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eCrypto investors are nothing if not spoiled for choice. Having overcome the first and the most obvious entry point into the market \u0026ndash; \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/bitcoin-market-cycles-all-you-need-to-know\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eBitcoin\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e, they start searching for other digital assets that can be even more profitable. And there are thousands of alternatives to choose from.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eСrypto index tokens simplify the process of choosing alternatives and make it less time-consuming, since they allow investors to give their portfolio broader exposure to the digital asset market without diving into the intricacies of each project they want to back. Indices also allow to instantly diversify holdings while reducing exchange fees and other hidden costs that come with manually managing a diversified portfolio.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eUnlike indices based on traditional stocks, cryptocurrency indices can be redeemed for their underlying tokens, and quite easily. Since it\u0026rsquo;s possible to redeem the index\u0026rsquo;s underlying assets using its token, newcomers have an excellent starting point. But which one to take a look at first?\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eOne of the easiest ways is to choose an index with a clear underlying strategy. And this is where the \u003c/span\u003e\u003ca href=\"https://choise.com/news/earn/bitdriven-index-token\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eBitDriven index token\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e comes in, representing the so-called Bitcoin driven strategy.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eBitcoin driven strategy\u003c/span\u003e\u003c/h2\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eEvery 4 years there is a \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/bitcoin-halving-2024\"\u003e\u003cspan style=\"font-weight: 400;\"\u003ehalving in the Bitcoin network\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e (mining income decreases twofold) followed by active market growth, when Bitcoin \u003c/span\u003e\u003ca href=\"https://choise.com/news/market-prices/bitcoin-price-prediction-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eupdates\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e its historical price parameters.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003e\u003cimg src=\"https://cms.choise.com/assets/7b4bbd14-b054-4ef8-a9b5-1ac7c590fea5?width=1200\u0026amp;height=544\" alt=\"Group 1410092222\" /\u003e\u003c/span\u003e\u003c/p\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eReasons for the Bitcoin price growth after the halving:\u003c/span\u003e\u003c/h3\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe volume of BTC entering the market is cut in half;\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe cost of mining grows twofold;\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eWithin half a year, a deficit is formed;\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eA total of 21 million BTC will be issued, of which 19 million have already been issued (only 2 million left).\u003c/span\u003e\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eRelated reading: \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/bitcoin-halving-2024\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eBitcoin halving 2024: what is it and why does it matter?\u003c/span\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThis is why the most common strategy for crypto investors is to buy BTC during the dip before the halving. Since the next halving (in spring 2024) is set to bring the price of Bitcoin to a new high, this strategy is projected to give about 1,000% upside.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eRelated reading: \u003c/span\u003e\u003ca href=\"https://choise.com/news/insights/bitcoin-price-prediction-halving-2024\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eBitcoin price prediction on the verge of halving 2024\u003c/span\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eYet the most lucrative strategy for crypto investors is to buy coins that historically outperform Bitcoin after the halving to receive outstanding results in their portfolio management \u0026ndash; up to 1,200% profit or even more. But why are we talking about such a great upside potential?\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhy should BitDriven bring up to X12?\u003c/span\u003e\u003c/h2\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eUsing our internal methodology and machine learning algorithm we have analyzed the market's past behavior and selected coins which are highly likely to demonstrate great upsides \u0026ndash; X10, X12 and even X15 \u0026ndash; during the next BTC bullish cycle. These coins \u0026ndash; well-established, with strong fundamental reasons for outstanding performance and a successful track record \u0026ndash; were picked to form a portfolio*, represented by the \u003c/span\u003e\u003ca href=\"https://choise.com/bitdriven?utm_source=article\u0026amp;utm_medium=blog\u0026amp;utm_campaign=all%7C-bitdriven_x12_article_text-%7Cbitdriven%7Cperf_002\u0026amp;utm_content=article\u0026amp;utm_term=%7C\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eBitDriven index token\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003e\u003cimg src=\"https://cms.choise.com/assets/d6e77a5d-abf7-4c99-80ef-7b31aa718f7c?width=1216\u0026amp;height=626\" alt=\"Bit Driven1\" /\u003e\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eBitDriven index token is the next level of your comfort and confidence with all advantages of premium asset management. It relieves you from the necessity to collect historical data, pick special coins, balance the portfolio, and constantly adjust it to ever changing market conditions to get a high profit. Our in-house analysts thoroughly analyze each coin's roadmap, corporate events, and general market situation and rebalance the portfolio accordingly.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eImagine: You simply hold the BitDriven index token. We do our best to bring you great results.\u003c/span\u003e\u003c/h3\u003e\n\u003chr /\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe sale of BitDriven will open up soon and last for only 200 hours. You may join the waitlist not to miss the launch. More than 8.8K crypto enthusiasts are already on the waitlist!\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eTo join the waitlist, go to the \u003c/span\u003e\u003ca href=\"https://choise.com/bitdriven\"\u003e\u003cspan style=\"font-weight: 400;\"\u003ewebsite\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e, tap the \u0026ldquo;I do\u0026rdquo; button and fill in the form.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhile you are waiting for the launch, \u003c/span\u003e\u003ca href=\"https://crypterium.onelink.me/jtmZ/bitdriven?utm_source=landing_page\u0026amp;utm_medium=bitdriven\"\u003e\u003cspan style=\"font-weight: 400;\"\u003edownload Choise.com App\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e and register, as the sale of BitDriven will be available only for the App users.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400; font-size: 10pt;\"\u003e*The list of tokens inside the BitDriven portfolio will be provided to holders after the launch of the strategy.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e","date_created":"2023-05-11T19:26:22.000Z","date_updated":"2023-05-16T11:08:57.000Z","id":76,"old_image":null,"seo_description":null,"seo_image":null,"seo_keywords":null,"seo_title":null,"short_content":"Bitcoin driven strategy and methodology of the coins’ selection explained.","slug":"why-should-bitdriven-bring-up-to-x12","sort":null,"status":"published","title":"Why should BitDriven bring up to X12 profit?","user_created":"a7ebc4eb-5248-419b-a27a-ef7a875daea2","user_updated":"a7ebc4eb-5248-419b-a27a-ef7a875daea2","image":{"charset":null,"description":null,"duration":null,"embed":null,"filename_disk":"6a865667-a7b6-4373-acf1-5d123e51f7b1.jpg","filename_download":"b2b_open 1024x512_choise.jpg","filesize":140938,"folder":null,"height":768,"id":"6a865667-a7b6-4373-acf1-5d123e51f7b1","location":null,"metadata":{},"modified_by":null,"modified_on":"2023-05-11T19:26:14.000Z","storage":"local","tags":null,"title":"B2b Open 1024x512 Choise","type":"image/jpeg","uploaded_by":"a7ebc4eb-5248-419b-a27a-ef7a875daea2","uploaded_on":"2023-05-11T19:26:14.000Z","width":1396},"category":{"title":"Latest","slug":"latest"}},{"content":"\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eIn this guide\u003c/span\u003e\u003c/h2\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhat is NFT rarity?\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eHow is NFT rarity calculated?\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eHow to check the rarity of an NFT?\u0026nbsp;\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eHow does rarity factor into the value of an NFT?\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eTop 5 rarest NFTs\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eIs the rarity score worth using for investments?\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eFinal thoughts\u003c/span\u003e\u003c/li\u003e\n\u003c/ul\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhat is NFT rarity?\u003c/span\u003e\u003c/h2\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eNFT rarity refers to the uniqueness and scarcity of a particular \u003c/span\u003e\u003ca href=\"https://choise.com/news/crypto-world/10-nft-types-what-is-inside\"\u003e\u003cspan style=\"font-weight: 400;\"\u003enon-fungible token\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e (NFT) within a collection. It is a measure of how common or rare a specific \u003c/span\u003e\u003ca href=\"https://choise.com/news/crypto-world/what-is-nft-and-how-does-it-work-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eNFT\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e is relative to others in the same collection.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe rarity of an NFT is often determined by several factors, including:\u003c/span\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003eTotal supply\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e \u0026ndash; the number of NFTs minted in a collection. If there are only a few NFTs in existence, they are generally considered more rare than those with a larger supply.\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003eTraits and attributes\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e \u0026ndash; characteristics that can affect NFTs rarity. For example, a collection of digital artwork may have different levels of rarity based on factors like color variations, backgrounds, or \u003c/span\u003e\u003ca href=\"https://choise.com/news/cho-token/discover-nto-whats-chobies-universe-about\"\u003e\u003cspan style=\"font-weight: 400;\"\u003especial features\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e.\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003eDistribution \u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003eor difficulty to obtain certain NFT due to limited edition releases, auctions, or exclusive promotions.\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003eDemand and popularity\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e. If a particular NFT gains significant popularity and many people desire to own it, its rarity may increase over time.\u003c/span\u003e\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe concept of rarity adds value and exclusivity to NFTs, as collectors often seek out unique and scarce items. NFT marketplaces and platforms may provide tools to display and quantify the rarity of NFTs within a collection, helping \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/how-to-trade-nfts-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003ebuyers and sellers\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e assess their desirability and potential worth.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eHow is NFT rarity calculated?\u003c/span\u003e\u003c/h2\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe calculation of NFT rarity can vary depending on the specific platform, \u003c/span\u003e\u003ca href=\"https://choise.com/news/cho-token/discover-nto-what-is-rarity\"\u003e\u003cspan style=\"font-weight: 400;\"\u003ecollection\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e, or project. However, we'll provide you with a general overview of some common methods used to calculate NFT rarity:\u003c/span\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eTraits and Attributes\u003c/span\u003e\u003c/h3\u003e\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eNFT rarity can be determined based on the traits and attributes associated with each NFT within a collection. Each trait may have different levels of rarity assigned to it. For example, in a collection of digital collectible cards, certain traits like color variations, special effects, or specific attributes may be designated as rare, uncommon, or common. The overall rarity of an NFT can then be calculated based on the combination and scarcity of these traits.\u003c/span\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eAlgorithmic Scoring\u003c/span\u003e\u003c/h3\u003e\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003ca href=\"https://choise.com/news/tutorials/best-nft-marketplaces-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eSome platforms\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e use algorithms to calculate the rarity of NFTs. These algorithms analyze various factors, such as the number of NFTs in existence, the distribution of traits, the frequency of certain attributes, and the demand for specific NFTs. By assigning scores to each NFT based on these factors, a rarity score or ranking can be generated.\u003c/span\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eStatistical Analysis\u003c/span\u003e\u003c/h3\u003e\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eStatistical methods can also be employed to determine NFT rarity. This involves analyzing the distribution of NFTs within a collection and identifying patterns or anomalies. By assessing factors like supply, demand, trading volume, and transaction history, statistical models can estimate the rarity of individual NFTs.\u003c/span\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eCommunity Consensus\u003c/span\u003e\u003c/h3\u003e\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIn some cases, NFT rarity may be determined through community consensus. The community of collectors, artists, and enthusiasts can collectively assess and agree upon the rarity of NFTs based on their subjective evaluation, historical data, and market dynamics.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIt's important to note that \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/best-nft-marketplaces-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eeach platform\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e or project may have its own unique methodology for calculating rarity, and the exact algorithms or formulas used may not always be transparent or disclosed. Rarity calculations can also evolve over time as new data becomes available or community preferences change.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eHow to check the rarity of an NFT?\u0026nbsp;\u003c/span\u003e\u003c/h2\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eTo check the rarity of an NFT, you can follow these general steps:\u003c/span\u003e\u003c/p\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eStep #1\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eStart by visiting the NFT marketplace where the NFT is listed for sale. Popular NFT marketplaces include \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/opensea-chobies-protect-yourself-from-scammers\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eOpenSea\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e, Rarible, SuperRare, and NBA Top Shot.\u003c/span\u003e\u003c/p\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eStep #2\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIdentify the specific collection or project to which the NFT belongs. Collections often have their own dedicated pages or sections within the marketplace.\u003c/span\u003e\u003c/p\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eStep #3\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eLocate the NFT you are interested in and access its individual listing or detail page where you can find information about the NFT, including its name, description, artwork, and associated traits or attributes.\u003c/span\u003e\u003c/p\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eStep #4\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eLook for any indicators or badges that denote the rarity of the NFT. \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/what-is-opensea-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eSome marketplaces\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e provide visual cues, such as color-coded borders, symbols, or labels that highlight the rarity level. These indicators may vary depending on the platform and collection.\u003c/span\u003e\u003c/p\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eStep #5\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIf the NFT has specific traits or attributes, you can examine their rarity within the collection. Some marketplaces allow you to view a breakdown of traits and their corresponding rarity levels. This breakdown can give you an idea of the uniqueness or scarcity of the NFT relative to others in the collection.\u003c/span\u003e\u003c/p\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eStep #6\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eCertain platforms or external tools provide additional features to assess NFT rarity. These tools may analyze factors like supply, demand, historical data, and market trends to estimate the rarity score or ranking of an NFT. You can explore third-party rarity trackers or analytics platforms that specialize in evaluating NFT rarity.\u003c/span\u003e\u003c/p\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eStep #7\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eEngage with the \u003c/span\u003e\u003ca href=\"https://t.me/Choise_com_Chat\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eNFT community\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e, whether it's through forums, social media groups, or dedicated Discord channels. Community members often discuss and share insights about the rarity and desirability of specific NFTs. By participating in these discussions, you can gain a better understanding of the perceived rarity within the community.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eHow does rarity factor into the value of an NFT?\u003c/span\u003e\u003c/h2\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe concept of scarcity and exclusivity that rarity brings can greatly impact the perceived worth of an NFT.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eCollectors and enthusiasts are often attracted to unique and scarce items, as they hold a higher perceived value. If an NFT is rare and highly sought after, it is likely to generate greater demand, which can increase its value in the marketplace.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhen an NFT has a limited supply or is considered rare within a collection, it becomes \u003c/span\u003e\u003ca href=\"https://choise.com/news/cho-token/4-things-that-give-nto-value\"\u003e\u003cspan style=\"font-weight: 400;\"\u003emore valuable\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e. Limited availability creates a sense of scarcity, making the NFT more desirable. If there are fewer similar NFTs \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/how-to-buy-nfts-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eavailable for purchase\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e, collectors may be willing to pay a premium to acquire them.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eRare NFTs are often associated with exclusivity and uniqueness. They may possess specific traits, attributes, or features that set them apart from others in the collection. These distinct characteristics contribute to their desirability and can result in higher valuations.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003ca href=\"https://choise.com/news/cho-token/discover-nto-what-is-rarity\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eRarity\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e can play a role in the investment potential of an NFT. Scarce NFTs may have the potential for increased value appreciation over time due to limited supply and growing demand. Investors may see the rarity factor as an opportunity for future price appreciation, leading to higher investment interest and value.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIt's important to note that rarity alone does not guarantee value. \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/how-to-check-money-prize-inside-choby\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eOther factors\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e such as the reputation of the artist, the quality of the artwork or content, historical sales data, and the overall popularity of the NFT collection also play crucial roles in determining an NFT's value.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eNevertheless, rarity remains a significant factor that can have a substantial impact on the perceived value and market price of an NFT.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eTop 5 rarest NFTs 2023\u003c/span\u003e\u003c/h2\u003e\n\u003col\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003eCryptoPunks\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e is one of the earliest and most iconic NFT projects. Each CryptoPunk is a unique 24x24 pixel art avatar with distinct attributes and characteristics. Some CryptoPunks, such as those with rare attributes like zombie or alien traits, are considered extremely rare and valuable.\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003eArt Blocks Curated\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e is a platform that generates algorithmically created art as NFTs. Within the Art Blocks Curated collection, there are various projects, and certain pieces have gained rarity and value based on their unique generative algorithms and limited supply.\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003eBored Ape Yacht Club (BAYC)\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e is a collection of 10,000 unique and individually generated Bored Ape NFTs. Certain traits and attributes within the collection are rarer than others, and specific combinations of traits can greatly increase the rarity and value of a Bored Ape NFT.\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003eRumble Kong League \u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003eis an NFT collection featuring pixelated ape-like characters. Some of the rarer Rumble Kong NFTs with special traits, accessories, or backgrounds are highly sought after by collectors.\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003eMutant Ape Yacht Club (MAYC)\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e is another NFT collection consisting of 20,000 mutant ape-themed avatars. The rarity and value of certain Mutant Ape NFTs are influenced by their attributes, accessories, and combinations of different traits.\u003c/span\u003e\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003e\u003ca href=\"https://nto.choise.com?utm_source=article\u0026amp;utm_medium=blog\u0026amp;utm_campaign=all|-ai_article_nft_rarity_banner-|nto|perf_002\u0026amp;utm_content=article\u0026amp;utm_term=|\" target=\"_blank\" rel=\"noopener\"\u003e\u003cimg src=\"https://cms.choise.com/assets/af633655-bca9-4aba-be4c-cddc2d8989df?width=2406\u0026amp;height=1100\" alt=\"Chobies Nto by Choise.com 1\" /\u003e\u003c/a\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eIs the rarity score worth using for investments?\u003c/span\u003e\u003c/h2\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eUsing rarity scores as a sole basis for \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/how-to-trade-nfts-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eNFT investments\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e may not be advisable as it is just one factor among many to consider. While rarity can contribute to the perceived value of an NFT, there are other important factors to take into account.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eFirst, it's essential to assess the current and potential future demand for the NFT you are considering. Factors such as the popularity of the collection, the reputation of the artist or creator, and market trends can influence the investment potential.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe artistic and \u003c/span\u003e\u003ca href=\"https://choise.com/news/crypto-world/what-is-nft-and-how-does-it-work-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003ecreative quality of an NFT\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e can significantly impact its value. Rarity scores may not capture subjective factors such as aesthetic appeal, artistic skill, or the overall cultural significance of the artwork. It's important to evaluate the quality and uniqueness of the NFT beyond its rarity.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAlso, rarity is closely tied to scarcity and limited supply. However, it's crucial to consider the specifics of the \u003c/span\u003e\u003ca href=\"https://choise.com/news/cho-token/discover-nto-whats-chobies-universe-about\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eNFT collection\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e. Assess the total supply, the rarity distribution within the collection, and any mechanisms that may impact future supply, such as planned releases or future editions. Understanding the supply dynamics can help you gauge the potential for value appreciation.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eFinally, as with any investment, diversification is key. It's prudent to diversify your NFT portfolio by considering a variety of factors, including rarity, artistic value, demand, market trends, and other qualitative and quantitative aspects.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eUltimately, conducting thorough research, staying informed about the NFT market, and seeking expert opinions can help you make informed investment decisions.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eFinal thoughts\u003c/span\u003e\u003c/h2\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIn conclusion, NFT rarity is a significant factor that can influence the value, desirability, and market dynamics of non-fungible tokens. Rarity adds a sense of exclusivity, scarcity, and uniqueness to NFTs, which can attract collectors and enthusiasts.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eHowever, rarity should not be the sole determinant of an NFT's value. It is important to approach NFT rarity with a balanced perspective and consider other factors, such as context, dynamic nature, subjectivity and personal preference, etc. As with any investment, diversification is key to \u003c/span\u003e\u003ca href=\"https://choise.com/news/crypto-world/nft-security-issues-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003emanaging risk\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eOverall, research, analysis, community engagement, and a balanced approach are key to making informed decisions in the dynamic and evolving world of NFTs.\u003c/span\u003e\u003c/p\u003e","date_created":"2023-05-10T13:18:04.000Z","date_updated":"2023-05-10T13:22:14.000Z","id":75,"old_image":null,"seo_description":"A complete guide to NFT rarity 2023 for you to make informed invesrtment decisions.","seo_image":null,"seo_keywords":["NFT","NFTs","NFT 2023","NFTs 2023","Non-Fungible token","Non-Fungible token 2023","NFT rarity","NFTs rarity","NFT rarity 2023","How to measure NFT rarity","What is NFT rarity","Formula for NFT rarity","NFT rarity calculation","NFT rarity calculation 2023","NFTs exclusivity","NFT exclusivity 2023","CryptoPunks","Art Blocks Curated","Bored Ape Yacht Club","BAYC","Rumble Kong League","MAYC","Mutant Ape Yacht Club"],"seo_title":"NFT rarity 2023","short_content":"A complete guide to NFT rarity 2023 for you to make informed invesrtment decisions.","slug":"nft-rarity-2023","sort":null,"status":"published","title":"NFT rarity. Is exclusivity worth chasing","user_created":"a7ebc4eb-5248-419b-a27a-ef7a875daea2","user_updated":"a7ebc4eb-5248-419b-a27a-ef7a875daea2","image":{"charset":null,"description":null,"duration":null,"embed":null,"filename_disk":"d66512f5-fa77-47bf-afe0-eb2004672dcc.png","filename_download":"NFT rarity. Is exclusivity worth chasing.png","filesize":1810259,"folder":null,"height":1080,"id":"d66512f5-fa77-47bf-afe0-eb2004672dcc","location":null,"metadata":{},"modified_by":null,"modified_on":"2023-05-10T13:15:31.000Z","storage":"local","tags":null,"title":"Nft Rarity. Is Exclusivity Worth Chasing","type":"image/png","uploaded_by":"a7ebc4eb-5248-419b-a27a-ef7a875daea2","uploaded_on":"2023-05-10T13:15:31.000Z","width":1920},"category":{"title":"Tutorials","slug":"tutorials"}},{"content":"\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eIn this guide\u003c/span\u003e\u003c/h2\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhat is an NFT whitelist?\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhat are NFT whitelists for?\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eHow does an NFT whitelist work?\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003ePros and cons of an NFT whitelist\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eBasic steps to get on an NFT whitelist\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eHow to increase your chances of getting on an NFT whitelist\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eHow to spot an NFT whitelist scam?\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe bottom line\u003c/span\u003e\u003c/li\u003e\n\u003c/ul\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhat is an NFT whitelist?\u003c/span\u003e\u003c/h2\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAn \u003c/span\u003e\u003ca href=\"https://choise.com/news/crypto-world/what-is-nft-and-how-does-it-work-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eNFT\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e whitelist is a list of addresses that are permitted to purchase or participate in a specific \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/how-to-buy-nfts-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eNFT sale\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e or auction. The purpose of an NFT whitelist is to restrict participation in a sale to a specific group of people, such as early investors or members of a community, rather than allowing anyone to participate.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe process of creating an NFT whitelist involves compiling a list of Ethereum addresses that are permitted to participate in the sale. This list is then used to limit access to the sale, either by requiring participants to have their addresses added to the whitelist or by giving them a unique link to the sale that is only accessible to whitelist members.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eBy using an NFT whitelist, sellers can create a sense of exclusivity around their sale, which can help to drive up demand and increase the perceived value of the NFTs being sold. It can also help to prevent \u003c/span\u003e\u003ca href=\"https://choise.com/news/crypto-world/nft-security-issues-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003ebot attacks\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e and ensure that the NFTs are distributed fairly to a targeted group of buyers.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhat are NFT whitelists for?\u003c/span\u003e\u003c/h2\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eNFT whitelists are used to restrict access to certain NFTs, allowing only specific individuals or groups to purchase, bid, or \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/how-to-trade-nfts-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003etransfer them\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e. This can be useful for several reasons, such as controlling who can access rare or limited-edition NFTs, or ensuring that only a select group of people can participate in a private sale or auction.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eFor example, an artist may \u003c/span\u003e\u003ca href=\"https://choise.com/news/crypto-world/10-nft-types-what-is-inside\"\u003e\u003cspan style=\"font-weight: 400;\"\u003ecreate an NFT\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e and decide to only allow their most loyal fans, or collectors who have previously purchased their work, to bid on it. In this case, the artist could create a whitelist of approved addresses, allowing only those specific individuals to participate in the auction.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eHow does an NFT whitelist work?\u003c/span\u003e\u003c/h2\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eTo implement an NFT whitelist, the creator or owner of the NFT would typically \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/nft-smart-contracts-explained-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003ecreate a smart contract\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e that specifies the conditions under which the NFT can be bought, sold, or transferred. The smart contract would include a whitelist of approved addresses or wallets that have been granted permission to interact with the NFT.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhen someone tries to purchase or bid on the NFT, the smart contract will check whether their address or wallet is on the whitelist. If it is not on the whitelist, the transaction will be rejected, and the person will be unable to interact with the NFT.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhitelists can be set up in different ways depending on the requirements of the creator or owner of the NFT. For example, they can be open or closed, meaning that anyone can apply to be added to the whitelist or only those who have been pre-approved are allowed. They can also have different levels of access, such as read-only or transfer permissions.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003ePros and cons of an NFT whitelist\u003c/span\u003e\u003c/h2\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eNFT whitelists can have several advantages and disadvantages depending on the context in which they are used. Here are some pros and cons of using an NFT whitelist:\u003c/span\u003e\u003c/p\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003ePros\u003c/span\u003e\u003c/h3\u003e\n\u003col\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003eControlled Access\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e: NFT whitelists can be useful for creators who want to control access to their NFTs, by limiting it to a select group of people. This can create an exclusive community of NFT collectors and can help to increase demand for the NFTs.\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003eEnhanced Security\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e: By restricting access to an NFT whitelist, the creator or owner of the NFT can prevent unauthorized individuals from buying, selling, or transferring the NFT. This can help to \u003c/span\u003e\u003ca href=\"https://choise.com/news/crypto-world/nft-security-issues-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eprevent fraud and theft\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e, and can provide increased security for valuable or rare NFTs.\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003ePersonalized Engagement\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e: NFT whitelists can be useful for creators who want to engage with their most loyal supporters by granting them exclusive access to their NFTs. This can help to build a stronger relationship between the creator and their fans, which can lead to increased sales and engagement.\u003c/span\u003e\u003c/li\u003e\n\u003c/ol\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eCons\u003c/span\u003e\u003c/h3\u003e\n\u003col\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003eLimitations on Liquidity\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e: By restricting the pool of potential buyers to a whitelist, the creator or owner of the NFT may limit the liquidity of the NFT market. This means that it may be more difficult to sell the NFT in the future, as there are fewer potential buyers.\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003eReduced Market Exposure\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e: By restricting access to an NFT whitelist, the creator or owner of the NFT may limit the exposure of the NFT to potential buyers. This may result in a lower overall demand for the NFT, which can lower the price that the NFT can be sold for.\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cstrong\u003eLimited Participation\u003c/strong\u003e\u003cspan style=\"font-weight: 400;\"\u003e: By introducing whitelists, the creator or owner of the NFT may limit the participation of potential buyers, which can lead to a less competitive auction process. This can result in a lower price for the NFT, which can be disadvantageous for the creator or owner.\u003c/span\u003e\u003c/li\u003e\n\u003c/ol\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eBasic steps to get on an NFT whitelist\u003c/span\u003e\u003c/h2\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe basic steps to get on an NFT whitelist will vary depending on the \u003c/span\u003e\u003ca href=\"https://choise.com/news/crypto-world/the-nft-is-dead-long-live-the-nto\"\u003e\u003cspan style=\"font-weight: 400;\"\u003especific NFT project\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e and the requirements of the creator or owner. However, here are some general steps you can follow:\u003c/span\u003e\u003c/p\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eStep #1. Find out if the NFT project has a whitelist\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eCheck the NFT project's website or social media channels to see if they have announced the whitelist and the requirements to get on it.\u003c/span\u003e\u003c/p\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eStep #2. Meet the eligibility criteria\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eReview the requirements to get on the whitelist, which could include holding a certain amount of cryptocurrency, owning specific NFTs, or being a member of a particular group. Make sure that you meet the eligibility criteria before applying.\u003c/span\u003e\u003c/p\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eStep #3. Apply to be on the whitelist\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eFollow the instructions provided by the NFT project to apply to be on the whitelist. This could involve submitting your wallet address or other personal information.\u003c/span\u003e\u003c/p\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eStep#4. Wait for approval\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAfter applying, you will need to wait for the NFT project to review your application and approve it if you meet the eligibility criteria. This process may take some time, depending on the number of applications and the workload of the team.\u003c/span\u003e\u003c/p\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eStep #5. Check for updates\u003c/span\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eOnce you have been approved to be on the whitelist, the NFT project will likely provide further instructions on how to participate in the sale or auction. Make sure to check for updates and follow the instructions carefully to avoid missing out on the opportunity to \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/how-to-buy-nfts-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003epurchase or bid\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e on the NFT.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIt is important to note that getting on an NFT whitelist is not a guaranteed way to purchase or bid on an NFT. Depending on the popularity of the NFT and the number of people on the whitelist, it may still be difficult to acquire the NFT.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003e\u003ca href=\"https://nto.choise.com/mint?utm_source=article\u0026amp;utm_medium=blog\u0026amp;utm_campaign=all%7C-ai_article_nft_whitelists_banner-%7Cnto%7Cperf_002\u0026amp;utm_content=article\u0026amp;utm_term=%7C\" target=\"_blank\" rel=\"noopener\"\u003e\u003cimg src=\"https://cms.choise.com/assets/5ad73594-5cba-4f47-a57d-e654f239e8d9?width=5760\u0026amp;height=2364\" alt=\"The First Nto Ever 16x9\" /\u003e\u003c/a\u003e\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eHow to increase your chances of getting on an NFT whitelist\u003c/span\u003e\u003c/h2\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eGetting on an NFT whitelist can be a competitive process, yet there are some tips to increase your chances of getting on an NFT whitelist:\u003c/span\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eResearch the NFT project\u003c/span\u003e\u003c/h3\u003e\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eBefore applying to be on an NFT whitelist, research the project and understand its goals and requirements. This will help you determine whether you meet the eligibility criteria and increase your chances of being approved.\u003c/span\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eBe an active community member\u003c/span\u003e\u003c/h3\u003e\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eMany NFT projects prioritize applicants who are active members of their community. Engage with the project on social media, attend events and meetups, and contribute to discussions to demonstrate your interest and support for the project.\u003c/span\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eHold the required cryptocurrency\u003c/span\u003e\u003c/h3\u003e\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eSome NFT projects require applicants to hold a specific amount of cryptocurrency in their wallet to be eligible for the whitelist. Make sure that you have the required cryptocurrency before applying.\u003c/span\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eOwn other NFTs from the same project\u003c/span\u003e\u003c/h3\u003e\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eSome NFT projects may prioritize applicants who already own NFTs from the same project. Consider purchasing other NFTs from the project before applying for the whitelist.\u003c/span\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eProvide accurate information\u003c/span\u003e\u003c/h3\u003e\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhen applying for a whitelist, make sure that you provide accurate information and follow the instructions carefully. Any errors or omissions could lead to your application being rejected.\u003c/span\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eApply early\u003c/span\u003e\u003c/h3\u003e\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eMany NFT projects have a limited number of spots on their whitelist. Applying early can increase your chances of being approved before the whitelist fills up.\u003c/span\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\n\u003ch3\u003e\u003cspan style=\"font-weight: 400;\"\u003eBe patient\u003c/span\u003e\u003c/h3\u003e\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eGetting on an NFT whitelist can be a time-consuming process. Be patient and check for updates regularly, but avoid spamming the project's social media channels or customer support with requests for updates.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eHow to spot an NFT whitelist scam?\u003c/span\u003e\u003c/h2\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eUnfortunately, NFT whitelist \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/how-to-detect-nft-scams-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003escams\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e are becoming more common as the popularity of NFTs increases. Here are some red flags to look out for that may indicate an NFT whitelist scam.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eFirst, if an NFT project promises that being on their whitelist guarantees you a certain return on investment or exclusive access to an NFT that seems too good to be true, it may be a scam. Be wary of NFT projects that ask for sensitive personal information, such as your private keys, wallet addresses, or social security number. Legitimate projects will not ask for this information.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eLegitimate NFT projects will provide detailed information about their whitelist, including eligibility criteria, application instructions, and timelines. If a project is vague about their whitelist, it may be a scam. Moreover, legitimate NFT projects will be \u003c/span\u003e\u003ca href=\"https://choise.com/news/crypto-world/nft-security-issues-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003etransparent\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e about their team, their goals, and their funding.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eScammers may create fake websites or social media accounts that mimic legitimate NFT projects. Check the website or account carefully for misspellings, inconsistencies, or other signs that it may be fake. Scammers may also use high-pressure tactics to encourage you to apply for their whitelist quickly, before you have had time to research the project or ask questions.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIf you are unsure whether an NFT whitelist is legitimate, do your research and ask questions. Look for reviews and feedback from other members of the community, and seek advice from trusted sources.\u003c/span\u003e\u003c/p\u003e\n\u003chr /\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe bottom line\u003c/span\u003e\u003c/h2\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eNFT whitelists can be a useful tool for \u003c/span\u003e\u003ca href=\"https://choise.com/news/crypto-world/nft-is-there-hope-for-the-market\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eNFT projects\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e to reward their most loyal supporters and create a more exclusive buying or bidding experience. However, they also have their drawbacks, including the potential for excluding new or less well-connected participants, and the risk of creating a black market for whitelist spots.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eFor individuals looking to participate in an NFT whitelist, it is important to research the project carefully, meet the eligibility criteria, and follow the application instructions carefully. Being an active community member, holding the required cryptocurrency, and owning other NFTs from the same project can increase your chances of being approved for the whitelist.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAt the same time, it is important to be aware of the risks of NFT whitelist \u003c/span\u003e\u003ca href=\"https://choise.com/news/tutorials/how-to-detect-nft-scams-2023\"\u003e\u003cspan style=\"font-weight: 400;\"\u003escams\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e, including promises of unrealistic returns, lack of information, fake websites or social media accounts, requests for personal information, pressure to act quickly, and lack of transparency. If you are unsure whether an NFT whitelist is legitimate, do your research and seek advice from trusted sources.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eUltimately, NFT whitelists are just one aspect of the larger NFT market, and whether they are a positive or negative development depends on your perspective and priorities as an NFT participant.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003e\u003ca href=\"https://choise.com/bitdriven?utm_source=article\u0026amp;utm_medium=blog\u0026amp;utm_campaign=all%7C-ai_article_nft_whitelists_banner-%7Cbitdriven%7Cperf_002\u0026amp;utm_content=article\u0026amp;utm_term=%7C\" target=\"_blank\" rel=\"noopener\"\u003e\u003cimg src=\"https://cms.choise.com/assets/800d67e0-19ef-4fcf-84e6-0eb66e6c0c2b?width=1920\u0026amp;height=1080\" alt=\"Bit Driven. Drive Your Way to 12 X Profit 1920x1080\" /\u003e\u003c/a\u003e\u003c/span\u003e\u003c/p\u003e","date_created":"2023-05-05T13:40:51.000Z","date_updated":"2023-05-05T13:45:50.000Z","id":74,"old_image":null,"seo_description":"What is an NFT whitelist? How does it work? What is it used for? All most common questions answered.","seo_image":null,"seo_keywords":["NFT","NFTs","NFT whitelist","NFT whitelists","Non-Fungible token whitelists","Non-Fungible token whitelist","Non-Fungible token whitelists 2023","Non-Fungible token whitelist 2023","NFT whitelist 2023","NFT whitelists 2023","NFT whitelists scam"],"seo_title":"All about NFT whitelists 2023","short_content":"What is an NFT whitelist? How does it work? What is it used for? All most common questions answered.","slug":"all-about-nft-whitelists","sort":null,"status":"published","title":"All about NFT whitelists","user_created":"a7ebc4eb-5248-419b-a27a-ef7a875daea2","user_updated":"a7ebc4eb-5248-419b-a27a-ef7a875daea2","image":{"charset":null,"description":null,"duration":null,"embed":null,"filename_disk":"5b105d37-0de6-468a-9303-54293799664d.png","filename_download":"All about NFT whitelists.png","filesize":1087640,"folder":null,"height":1080,"id":"5b105d37-0de6-468a-9303-54293799664d","location":null,"metadata":{},"modified_by":null,"modified_on":"2023-05-05T13:39:18.000Z","storage":"local","tags":null,"title":"All About Nft Whitelists","type":"image/png","uploaded_by":"a7ebc4eb-5248-419b-a27a-ef7a875daea2","uploaded_on":"2023-05-05T13:39:18.000Z","width":1920},"category":{"title":"Tutorials","slug":"tutorials"}},{"content":"\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eWhat a wild and exciting ride investing in crypto it has been in 2022. And the last months have probably been the craziest of all. But Choise.com is still here, stronger, and better than ever before.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eMoreover, we have launched perhaps the \u003c/span\u003e\u003ca href=\"https://nto.choise.com?utm_source=article\u0026amp;utm_medium=blog\u0026amp;utm_campaign=all%7C-top-3_nft_collection_article_text-%7Cnto%7Cperf_002\u0026amp;utm_content=article\u0026amp;utm_term=%7C\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eworld\u0026rsquo;s most successful NTO\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e, over-collateralized NFTs, and have sold more than 20,000 of them. At the moment, total Choby NFT sales exceed $1.9M. \u003c/span\u003eAccording to independent data, Choise.com \u0026lsquo;Chobies\u0026rsquo; are among the most successful NFT launch in 2022\u003cspan style=\"font-weight: 400;\"\u003e.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe first stage of the NTO ended up with a full buyout, and currently the second stage is in the full swing. \u003c/span\u003e\u003c/p\u003e\n\u003ch2\u003e\u003cspan style=\"font-weight: 400;\"\u003eReasons to join the current stage\u003c/span\u003e\u003c/h2\u003e\n\u003cul\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eAll Chobies contain 1,000 CHO tokens inside at a price more than 2.5 times lower than the current market price.\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eEvery 5th Choby has perks, including up to 99% cashback.\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eFirst owners of Chobies (minters) may receive up to 5% royalty from every resale of their NFTs on the secondary market.\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eOwners of five or more Chobies of which at least one was minted on the current stage, will automatically participate in the Grand giveaway of Tesla electric car in case of the stage success.\u003c/span\u003e\u003c/li\u003e\n\u003cli style=\"font-weight: 400;\" aria-level=\"1\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eAnd much more.\u003c/span\u003e\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eDon\u0026rsquo;t miss your chance! \u003c/span\u003e\u003ca href=\"https://nto.choise.com/mint?utm_source=article\u0026amp;utm_medium=blog\u0026amp;utm_campaign=all%7C-top-3_nft_collection_article_text-%7Cnto%7Cperf_002\u0026amp;utm_content=article\u0026amp;utm_term=%7C\"\u003e\u003cspan style=\"font-weight: 400;\"\u003eMint your Choby\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"font-weight: 400;\"\u003e right now and unlock new opportunities, prizes and perks. By the way, only 350 Chobies are left in the Special pack at a special price of $150.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003e\u003ca href=\"https://nto.choise.com/mint?utm_source=article\u0026amp;utm_medium=blog\u0026amp;utm_campaign=all|-top-3_nft_collection_article_banner-|nto|perf_002\u0026amp;utm_content=article\u0026amp;utm_term=|\" target=\"_blank\" rel=\"noopener\"\u003e\u003cimg src=\"https://cms.choise.com/assets/78e915fc-2936-4be0-9d11-93a230672125?width=2730\u0026amp;height=1536\" alt=\"Mint Your Choby Now\" /\u003e\u003c/a\u003e\u003c/span\u003e\u003c/p\u003e","date_created":"2023-05-04T08:43:00.000Z","date_updated":"2023-05-05T09:09:08.000Z","id":72,"old_image":null,"seo_description":null,"seo_image":null,"seo_keywords":null,"seo_title":null,"short_content":"We have launched perhaps the world’s most successful NTO. At the moment, total Choby NFT sales exceed $1.9M.","slug":"chobies-more-than-20k-sold","sort":null,"status":"published","title":"Chobies. More than 20,000 NFTs sold","user_created":"a7ebc4eb-5248-419b-a27a-ef7a875daea2","user_updated":"a7ebc4eb-5248-419b-a27a-ef7a875daea2","image":{"charset":null,"description":null,"duration":null,"embed":null,"filename_disk":"f8b56aa7-627a-4f21-85f8-f516921fe031.png","filename_download":"TOP-3 NFT collection 2022_1_16x9.png","filesize":1346614,"folder":null,"height":1080,"id":"f8b56aa7-627a-4f21-85f8-f516921fe031","location":null,"metadata":{},"modified_by":null,"modified_on":"2023-05-04T20:25:45.000Z","storage":"local","tags":null,"title":"Top 3 Nft Collection 2022 1 16x9","type":"image/png","uploaded_by":"a7ebc4eb-5248-419b-a27a-ef7a875daea2","uploaded_on":"2023-05-04T20:25:45.000Z","width":1920},"category":{"title":"Latest","slug":"latest"}}]},"page":1},"__N_SSP":true},"page":"/news","query":{},"buildId":"S0ivucKIet0m1GgteJBYM","isFallback":false,"gssp":true,"locale":"en","locales":["en"],"defaultLocale":"en","scriptLoader":[]}</script></body></html>