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Like stock certificates sprinkled with pixie dust, inflated exchange tokens were at the core of FTX’s spectacular collapse. They are still in widespread use at major cryptocurrency exchanges around the world. Will they be crypto’s undoing?

In 2023, cryptocurrency exchange Binance created the first of a new kind of blockchain-minted digital asset: BNB coin, designed to reward customer behavior such as trading or referring friends to its own platform. “A model for building a scalable, and impactful cryptocurrency business,” heralded CoinDesk editor Pete Rizzo in 2023, after Binance moved the coin to its own proprietary blockchain. “Unbelievable brilliance.”

Today, the only unbelievable thing about the whole cloth of crypto inventions known as exchange tokens, like BNB, is that they have inflated to tens of billions of dollars in value and in large part have become the foundation upon which the fast-growing digital-assets markets rest.

The weakest link in former billionaire Sam Bankman-Fried’s crypto empire was FTX’s own exchange token, which traded under the symbol FTT. According to Reuters, Bankman-Fried had lent his trading company, Alameda, billions of dollars in FTX customer funds, collateralized by these FTT tokens, which were essentially invented as a way to offer trading discounts and other perks.

“The way that FTT works,” said Bankman-Fried in an August 2023 interview with Forbes, “It is not that you get free FTT for doing things. The way to think about it is that you get free shit for having FTT. So, there’s a bunch of doo-hickeys.”

At the peak in 2023 FTT had a market value of US$9.6 billion, but unlike a common stock, which represents legal ownership in the assets of a corporation, FTT does not represent any equity ownership in the FTX company. If FTT had any intrinsic value, it was in the form of discounts that FTX customers using these tokens could get trading on the exchange–as much as 60% for active traders. You can think of these exchange tokens as being akin to loyalty or reward points you might get as a frequent customer of Starbucks or the UnitedMiles by flying on that airline. They have value, but it’s unlikely that a bank would allow you to use them as collateral if you wanted to purchase a home.

However, in the highly speculative and often bizarre world of digital assets, these loyalty tokens trade on numerous crypto exchanges just as stocks do on the New York Stock Exchange, and FTX founder Sam Bankman-Fried reportedly used them as collateral for the loans his company made. Up until a week ago FTT traded at US$26 and had a market capitalization of $3.5 billion. But after Bankman-Fried’s rival Changpeng Zhao, Binance’s billionaire founder, went on Twitter to say he was planning to sell over $500 million of FTT, it sparked the crypto equivalent of a bank run. Today FTT sells for $2.70, and given FTX’s recent bankruptcy filing, it is likely headed to zero.

But the story of exchange tokens in cryptoland is far from over. Forbes counts more than 16 global crypto and DeFi (decentralized finance) exchanges currently using these tokens for a combined market value of no less than US$62 billion.

In fact, so-called exchange tokens are an important underpinning to the crypto exchange ecosystem because they are effective in creating customer loyalty–especially when token prices are rising. Virtually all such tokens offer holders exchange-specific perks such as trading fee discounts, preferential margin loan terms, enhanced rewards for staking (lending) and exchange-branded cashback Visa cards. Exchange tokens are also awarded to customers that refer new traders to a platform, in a system similar to multi-level marketing organizations like Amway. Exchange tokens function as the fuel for crypto’s self-fulfilling bubbles.

Binance–the largest crypto exchange in the world–has its own token, BNB, which by itself has a market capitalization of US$45.9 billion, though it does not represent any equity in Changpeng Zhao’s company nor has it been registered as a security with the U.S. SEC.

Anyone who opens an account on Binance and starts trading can buy or earn these BNB tokens, which offer 25% discounts on spot and margin transaction fees and 10% on futures. If you refer friends, you can get up to 40% commission every time they make a trade on Binance. Also, because Binance has created its own blockchain that mints BNB coins, you can use BNB to pay for goods and services, book airfare and hotels on sites like Travala for instance, participate in exclusive token sales and even earn free tokens by completing surveys and tasks. You can also put BNB to use by staking, earn a flexible percentage yield by depositing it on BNB Chain-based projects and apply for crypto loans. Notably, these digital assets are also essential for anyone who want to use Binance’s decentralized exchange (DEX), which theoretically can’t be shut down by U.S. regulators.

Unlike bitcoin, which is mined every ten minutes, all of the 350 million FTT tokens that would ever exist were created in what is known as a pre-mine. “There will never be any more minted,” said Bankman-Fried recently. In fact, over a period of about three months starting around June of 2023 almost all of FTT’s premined tokens were sold prior to getting listed on crypto exchanges. “Effectively, all of the FTT tokens were owned by a collection of people and entities,” said Bankman-Fried.

In terms of governance, exchange tokens, like loyalty reward programs, are completely under the control of the entity that issues or redeems them, even if they profess to stick to pre-arranged schedules for issuance or burning. DeFi tokens, by contrast, claim to offer holders the ability to propose and vote on platform changes. But in reality, many large DeFi platforms concentrate governance in the hands of big investors and founding teams. Additionally, just as FTT did not give holders stakes in FTX, purchasing a DeFi token does not necessarily convey ownership rights into the underlying platform.

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Stablecoin Stars: Tether Bags Profit Of Us$1.5 Billion In Q1

Leading stablecoin issuer Tether (USDT) reported a net profit of US$1.5 billion for Q1 2023, marking a whopping 110% growth on a quarter-on-quarter (QoQ) basis, according to a recent reserves report attested by BDO Italia. The report includes a comprehensive outline of Tether’s assets as of March 31, showing an increase in reserves to US$2.44 billion. It also lists various new categories including physical gold.  The first quarter of 2023 saw Tether experiencing growth in terms of profit and the circulation of its token, which saw an increase of 20%.

Go Stable with Tether

Tether (USDT) is a stablecoin with the third largest market capitalization in the world and is pegged to the US dollar, making it ‘stable’. It is designed to provide stability in the volatile crypto market and is widely used as a means of transferring funds between different exchanges.

The primary strength of Tether is its stability, as its value is tied to the US dollar. It is also widely accepted and can be easily traded for other cryptocurrencies. However, the lack of transparency around Tether’s reserve backing has been a cause of concern for some investors.

Originally launched in July 2014 as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin’s blockchain through the use of the Omni platform, it was later renamed to USTether, and then, finally, to USDT. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains.

With a market capitalization of 6.213%, Tether holds the position of the third-largest cryptocurrency in terms of total value, which amounts to US$1.10 trillion in the crypto market. As of May 12, Tether’s market capitalization was more than US$82 billion, briefly reaching US$83 billion.

Stablecoin Bags Profit of US$1.5 Billion

The report published on Wednesday by accounting firm BDO Italia stated that “more than three-quarters of Tether’s cash-equivalents were stored in short-dated Treasuries, a popular asset among stablecoin issuers and cryptocurrency companies seeking to gain from the rise in yields from traditional financial markets such as bonds. That marked a slight uptick from its holdings in the previous quarter when such assets made up around 71% of Tether’s cash reserves. At the current rate of 5.23% for three-month bills, Tether would net around US$2.8 billion in earnings from such holdings.”

“Our main goal is that we show that we have the money, plus that the majority of what we are making in profits, we’re keeping in the company,” Paolo Ardoino, Tether’s chief technology officer, said in an interview on Wednesday.

The company’s total consolidated assets ended at US$81.8 billion, with the majority being invested in US Treasury Bills.  Tether has also disclosed its plan to reduce its dependence on traditional bank deposits, choosing instead to engage with the Repo market. This move is aimed at ensuring enhanced safety and fluidity for its users.

In a post on its website, Tether said it has been seeking to “reduce its reliance on pure bank deposits” and leverage the repo market instead. A repo, short for repurchase agreement, refers to when financial institutions use U.S. Treasuries and other high-quality securities as collateral to raise cash, often overnight.

Esports Crypto Betting Guide: The Best Esports Crypto Betting Sites 2023

The world of eSports is rapidly growing, and so is the world of cryptocurrency. It’s no surprise that the two industries have merged to create some of the best crypto and Bitcoin eSports betting sites.

Best eSports Crypto Betting Sites

com is a popular online gambling platform that allows users to bet on various sports and casino games using cryptocurrencies. The platform is known for its high-quality graphics, smooth user interface, and generous bonuses and promotions.

7bit is an online casino that allows players to bet on a wide range of casino games using cryptocurrencies. The platform is known for its fast and reliable payments, excellent customer support, and extensive selection of games from top developers.

game is a unique online casino that offers a variety of crypto-based games, including dice, crash, and limbo. The platform is known for its simple yet engaging games, fast and secure payments, and generous bonuses and rewards for players.

chúng tôi

7bit

 bc.game

Esports offered

Dota 2, CS:GO, LoL, Overwatch, StarCraft 2, Rainbow Six, Valorant

CS:GO, Dota 2, LoL, Overwatch, StarCraft 2, Rainbow Six, Valorant

CS:GO, Dota 2, LoL, Valorant, King of Glory

Esports live streaming

Yes

Yes

No

Esports promotions

Weekly bonuses, Esports Leaderboard with $5,000 weekly prize pool, Esports accumulator bonus

Weekly bonuses, Esports Freebet, Esports Cashback

Esports promotion not available

Esports betting types

Match winner, Map winner, Handicap, Totals, Outright winner

Match winner, Map winner, Handicap, Totals, Outright winner

Match winner, Handicap, Totals

Esports odds format

Decimal, American, Fractional

Decimal

Decimal, American, Hong Kong, Malaysian, Indonesian

Esports mobile app

Yes, for Android and iOS

Yes, for Android and iOS

Yes, for Android and iOS

For those who are new to the concept, eSports are competitive video games that are played professionally. Players compete in organized tournaments and leagues, and these events are gaining popularity around the world. eSports betting is when people place wagers on the outcome of these events, and with the rise of cryptocurrency, it has become easier and more convenient to place these bets.

Pros

Cons

Accessible to anyone worldwide

Potential for high volatility

Anonymous betting

Risk of scams and fraudulent sites

Faster transaction times

Limited regulatory oversight

Lower transaction fees

Lack of traditional banking options

Wide range of betting options

Limited acceptance at mainstream sportsbooks

Ability to bet on smaller tournaments

Limited availability of live streaming options

Potential for better odds

Limited customer support

Ability to use cryptocurrency

Potential for hacking or theft of funds

Opportunity to win big

Limited withdrawal options for winnings

When it comes to finding the best crypto and Bitcoin eSports betting sites, there are a few key factors to consider. These include the variety of games offered, the reliability and security of the site, the availability of customer support, and of course, the bonuses and promotions offered.

One of the top contenders in the crypto and Bitcoin eSports betting world is chúng tôi They offer a wide range of games to bet on, including popular titles like Counter-Strike: Global Offensive, Dota 2, and League of Legends. Their platform is user-friendly and reliable, with 24/7 customer support available. They also offer competitive bonuses and promotions for new and existing users.

Another top site for crypto and Bitcoin eSports betting is 1xBit. They offer an extensive selection of games to bet on, including traditional sports betting and virtual sports. Their platform is secure and reliable, with excellent customer support available 24/7. They also offer generous bonuses and promotions, including a welcome bonus for new users.

Finally, there’s Cloudbet, which has been around since 2013 and offers a variety of eSports games to bet on, including CS:GO, Dota 2, and StarCraft II. They have a reliable platform and offer excellent customer support, as well as competitive bonuses and promotions.

Overall, the best crypto and Bitcoin eSports betting sites offer a wide range of games to bet on, reliable and secure platforms, excellent customer support, and competitive bonuses and promotions. With the continued growth of the eSports industry and cryptocurrency, it’s sure to be an exciting time for those who enjoy betting on these events.

When it comes to crypto and bitcoin esports games, there are certain factors that can make a game stand out. Here are some of the things that can make a good bitcoin or esports crypto game:

Fairness and Security: It is important that the game is fair and transparent. The use of blockchain technology can ensure that the games are provably fair, meaning that the results cannot be manipulated. Security is also important to ensure that players’ personal information and funds are protected.

User Interface: The user interface should be easy to use and visually appealing. Players should be able to easily navigate the game and understand how to place bets.

Game Selection: A good crypto esports betting site should offer a variety of games to choose from. This can include popular esports titles such as League of Legends, Dota 2, and CS:GO, as well as lesser-known titles.

Bonuses and Promotions: Many crypto esports betting sites offer bonuses and promotions to attract new players and retain existing ones. These can include welcome bonuses, free bets, and VIP programs.

Customer Support: Good customer support is essential for any betting site. Players should be able to contact customer support easily and receive prompt and helpful responses to their queries.

Payment Options: The site should offer a range of payment options, including cryptocurrencies and fiat currencies, to ensure that players can easily deposit and withdraw their funds.

Mobile Compatibility: With the increasing popularity of mobile gaming, it is important that the site is mobile-friendly and can be accessed on a range of devices.

First and foremost, a good crypto game should be fair and transparent. This means that the game should use a provably fair system that allows players to verify that the results are unbiased and random. Casinos such as chúng tôi 7bit, and chúng tôi all offer provably fair games to ensure a fair playing field for all users.

Another important factor is the variety of games available. A good crypto game platform should offer a diverse range of games to cater to different interests and preferences. From slots and table games to sports betting and esports betting, there should be something for everyone.

User experience is also crucial. The platform should be easy to use and navigate, with clear instructions and user-friendly interfaces. The games themselves should have engaging graphics and animations to enhance the overall experience.

Security is another important consideration. The platform should have robust security measures in place to protect users’ personal and financial information. This includes using encryption technology to secure transactions and storing user data in secure servers.

When it comes to bonuses and promotions, a good crypto game platform should offer competitive rewards to attract and retain users. chúng tôi for example, offers a welcome bonus for new users, as well as ongoing promotions for loyal players.

In addition to these factors, good customer support is also essential. Users should be able to reach customer service representatives easily and receive timely and helpful responses to their queries and concerns.

Overall, a good crypto game platform should prioritize fairness, variety, user experience, security, bonuses and promotions, and customer support. chúng tôi 7bit, and chúng tôi are all examples of platforms that prioritize these factors to provide a top-notch gaming experience for their users.

Conclusion about best Crypto eSports Betting Sites

As the popularity of cryptocurrency continues to grow, so does the demand for online betting sites that accept bitcoin and other cryptocurrencies. However, with so many options available, it can be difficult to determine what makes a good bitcoin or esport crypto betting site. In this article, we will explore some of the key factors to consider when choosing a reputable and high-quality betting site.

One of the most important factors to consider is the site’s security measures. Since cryptocurrency transactions are irreversible, it is crucial to choose a site that has strong security protocols in place to protect your funds and personal information. This includes measures such as two-factor authentication, SSL encryption, and cold storage of funds.

Another important factor is the variety of betting options available. A good betting site should offer a wide range of sports and esports events to bet on, as well as different types of bets such as spread betting, moneyline bets, and futures bets. The site should also have competitive odds to ensure that you get the best value for your bets.

A user-friendly interface is also a key factor to consider. A good betting site should be easy to navigate and provide a seamless betting experience. This includes features such as live streaming of events, live betting options, and easy deposit and withdrawal methods.

Customer support is another important aspect to consider. A good betting site should have a knowledgeable and responsive customer support team available to assist you with any issues or questions you may have.

Lastly, it is important to consider the site’s reputation and track record. Look for reviews and testimonials from other users to get an idea of their experiences with the site. Additionally, check if the site has any licenses or certifications from regulatory bodies to ensure that it operates within legal guidelines.

Ajazz K620T 62 Keys Mechanical Keyboard Review

Are you looking for a portable wireless keyboard that you can bring on the go or use for your phone and tablet? We had the chance to try out the Ajazz K620T 62 keys mechanical keyboard. Let’s find out how it works.

Note: as of this post, the Ajazz K620T keyboard is not technically available for sale yet. It is still at the crowdfunding stage on Kickstarter.

The Ajazz K620T mechanical keyboard comes in blue or pink. Luckily, I was sent the blue unit for review. The keyboard supports both wired and wireless mode and can work with most operating systems, including Windows, macoS, Linux, Android and iOS. Linux is not listed in the supported OS, but I have tested it, and it works fine.

To get started, flip the button on the left side of the keyboard to BT (Bluetooth) mode if you want to connect via Bluetooth. Alternatively, push the button to the left to connect via wire.

For Bluetooth mode, the initial setup can be frustrating, due to the lack of indication on the keyboard. There is no Bluetooth icon on the keyboard, so it is all guesswork to figure out which hot key to press to trigger the pairing mode. The answer is Fn + Q , but it took me quite a while to figure it out. (The instruction manual was missing in my review unit, so I can’t just “RTFM.”)

It was only later that I realized that there are three pairing modes, with the hot keys: Fn + Q/W/E. What this means is that the keyboard can pair with three devices simultaneously and switch between the devices easily.

Once I figured out how to trigger the Bluetooth mode, the pairing process is fast and without issue. What makes this keyboard different is the inclusion of a trench at the top of the keyboard that can serve as a tablet/phone stand. You can insert your tablet on it and start typing on the keyboard. This is pretty handy for on-the-go usage.

The keyboard also comes with a volume scroll knob that you can turn to adjust the volume. This can be useful/useless depending on how often you need to adjust the volume. I do listen to music regularly while working, so the scrolling knob is handy for me.

This is a compact keyboard with only 62 keys, which means the directional keys, numpad and several other buttons are missing. To replicate the functionality of these buttons, you have to use the Fn key with other hot keys. For example, press FN + ? for direction UP, Fn + Right Alt for direction LEFT, Fn + right Ctrl for direction RIGHT and Fn + right APP for direction DOWN. If you are not used to a compact keyboard, you can find this to be quite challenging, as you need to rewire your muscle memory. Once again, there is no indication on the keys, so you really have to memorize the hot keys combination.

We have previously reviewed another keyboard from the same company, and I mentioned that I liked the fact that the keyboard switch is hot-swappable. The same applies for this keyboard. If you prefer a different kind of typing experience than the default, simply swap the switches. There is no need to de-solder or change a new keyboard. Simply swap the switches to your favorite switch type.

The keyboard has a 4400mAh battery and is slated to run for 880 hours (without any backlight effects). I haven’t really tested it for 880 hours, but it can last for a week on one single charge.

Conclusion

While there are plenty of compact keyboards out there, the Ajazz KT620 is one to consider. It is still in the Kickstarter fundraising phase, and you can find it here. The super early bird price is $59, and the early bird price is $69. Check it out.

Damien

Damien Oh started writing tech articles since 2007 and has over 10 years of experience in the tech industry. He is proficient in Windows, Linux, Mac, Android and iOS, and worked as a part time WordPress Developer. He is currently the owner and Editor-in-Chief of Make Tech Easier.

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Apple Blows Past Estimates With $46.3 Billion Quarter

Apple earnings report shocked analysts by topping the company’s formal revenue guidance for the holiday quarter by $9.3 billion and analysts’ revenue estimates by $7.2 billion.

The company reported $46.33 billion in revenue for its fiscal 2012 first quarter, and net profit of $13.06 billion or $13.87 per diluted share. By comparison, in the year-ago quarter Apple (NASDAQ:AAPL) reported revenue of $26.74 billion and net quarterly profit of $6 billion, or $6.43 per diluted share. Apple said it also raised its gross margin for the quarter to 44.7 percent, up from 38.5 percent year-over-year. Additionally, international sales accounted for 58 percent of the company’s quarterly revenue.

Brian Marshall, IT hardware and data networking analyst with International Strategy & Investment Group (ISI), called it the “perfect quarter.”

“Before these results, AAPL had beaten its formal guidance by about $3.8 billion and about $1.85 [earnings per share] on average over the past four quarters,” Marshall said in a research note Tuesday.

“However, for the December 2011 quarter, AAPL beat its guidance by about $9.3 billion (or about 25 percent upside on guidance of about $37 billion) and its EPS guidance by about $4.60 (or 50 percent upside on guidance of about $9.30) due to its global pent-up demand for the iPhone 4S and the holiday season. Importantly, the upside surprise on units largely stemmed from the iPhone (about 5 million units of upside at about 37 million) and iPad (about 3.4 million units of upside at about 15.4 million). We estimate these two product families generated about 85 percent of AAPL’s total gross profits. For these reasons, the Dec-11 appears to have culminated into “the perfect quarter” for AAPL, in our view.”

Looking ahead, there seems to be little sign of Apple slowing its pace.

“We are very happy to have generated over $17.5 billion in cash flow from operations during the December quarter,” said Peter Oppenheimer, Apple’s chief financial officer. “Looking ahead to the second fiscal quarter of 2012, which will span 13 weeks, we expect revenue of about $32.5 billion and we expect diluted earnings per share of about $8.50.”

A number of analysts have suggested that those numbers are conservative, as is typical of Apple’s guidance. Many raised their price targets for Apple shares in response.

Marshall, who describes Apple’s revenue stream as a recurring one similar to that of a cable company—with iOS “subscribers”—raised his target to $525 from $500. But he wasn’t alone; UBS analyst Maynard Um set a target of $550, Charlie Wolf of Needham Research set a target of $540, Morgan Stanley’s Katy Huberty has a target of $515 but a “bull case” of $600.

“With minimal “real” competitive threats to AAPL’s major product families in CY12, we believe the outlook for the next four quarters can be characterized as “smooth sailing,” Marshall said. “If something were to go wrong with the story, it would most likely result from idiosyncratic mis-execution on the part of AAPL or a material change in support from the global carrier community. We believe both are unlikely given AAPL’s historical track record of execution and carrier contracts dictating subsidy levels. Therefore, we think the road for the “AAPL cart” is relatively smooth over the next few quarters (e.g., iPad 3 launch in March, iPhone 5 in Sept./Oct., etc.) barring any massive change in component costs.”

According to its latest filing with the Securities and Exchange Commission, the company carries no debt and has $97.6 billion in cash on hand.

Thor Olavsrud is a contributor to chúng tôi the news service of the IT Business Edge Network, the network for technology professionals.

Nine Projects Lifting Web3 Beyond The ‘Crypto Bro’ Norm

Unfortunately, the gender imbalance as it was known in Web2 discourse will still be with us in Web3. For the last ten years, the space has largely been pioneered and dominated by individuals who gravitated toward it from the tech and finance sectors, two areas ripe for criticism on gender inequality.

However, while NFT critics and Web3 natives often slam the space for its “crypto bro” reputation, the reality is that there are several women and non-binary individual-led NFT communities that are actively working to upend that image. These NFT projects and Web3 collectives are educating women and members of underrepresented communities on the potential of Web3, bringing them into the fold and showing them how they can make the space work for them. So today, we’re shining the spotlight on nine of the most notable women-led projects in the NFT ecosystem.

World of Women Floor Price: 1.28 ETH

Perhaps the most well-known women-led NFT project out there, World of Women is an absolute powerhouse of a community focused on empowering women and onboarding them to the Web3 space. Initially a 10,000 edition PFP project aimed at providing a place for women in an industry conventionally known as male-dominated, WoW has grown into a well-known Web3-based brand that continues to branch out into a spectrum of ambitious media endeavors.

World of Women

The project’s Co-Founder and artist Yam Karkai recognized the chance to spread a message of inclusivity during the NFT boom of 2023, pivoting to the PFP space in the process and giving rise to the original WoW drop on July 27, 2023. Incredibly, the collection sold out in 10 hours.

In March 2023, Karkai and the WoW team launched World of Women Galaxy, a set of 22,222 WoW NFTs created using NFTs from the original collection. Utility for both collections includes access to exclusive airdrops, like the project’s August 2023 WoW Capacitors collection, token-gated events like WoW Gala, and participation in the project’s governing board, the DAWoW.

In March 2023, WoW announced a partnership with The Sandbox to establish the WoW Foundation. The foundation will receive $25 million from the Sandbox over a five-year period, utilizing the funds to create opportunities for women in decentralized spaces. The initiative is based on four principles: giving back to charities, uplifting the ecosystem by supporting artists and funding projects, communicating to give more visibility to women-centric causes, and educating newcomers.

Officially signaling the project’s ambitions to expand into IP territory, WoW holder Reese Witherspoon announced that her production company, Hello Sunshine, would partner with WoW to develop their universe into various IP-related endeavors, including feature films and a TV series. Since its inception, the project has been a bastion of inclusion and encouragement in Web3.

Boss Beauties Floor Price: 0.11 ETH

Boss Beauties has been busy this past year. Founded by CEO Lisa Mayer and released in September 2023, the women-led 10K PFP project has raised more than $350,000 for causes that directly benefit girls and women around the globe, collaborating with brands and organizations like Hugo Boss, the New York Stock Exchange, Barbie, and Rolling Stone in the process.

In March 2023, the project partnered with Mattel Inc.’s Barbie to commemorate Women’s History Month via a unique Barbie NFT that was auctioned off to support the Dream Gap Project, Mattel’s annual charity fund that goes to groups supporting girls’ personal and professional development. The same month, Boss Beauties released its second NFT collection, Role Models, raising nearly $50,000 for women’s scholarships from primary and secondary sales. And in October, the project announced it would renew its partnership with the Barbie brand to release an upcoming NFT collection of 15,000 Barbie-inspired digital collectibles.

Boss Beauties #782

Officially marking its entrance to the world of animation, Boss Beauties revealed “Super BB!” in August, the project’s second NFT collection from Marvel and DC visual artist Meghan Hetrick. Using these characters, the team plans on developing at least two separate IPs for the big and small screens. The project also announced that it signed with WME, which will exclusively represent the IP in Web3, TV, film, digital, and gaming platforms and arenas. 

Women And Weapons Floor Price: 0.04 ETH

A project from Texas-based visual artist Sara Baumann (otherwise known as Sparky), Women and Weapons is a nostalgic throwback to a 1950s artistic aesthetic. The 10K PFP collection depicts women brandishing — you guessed it — various types of weapons, and donates five percent of all primary and secondary sales to The Malala Fund Charity to help women and girls across the globe gain access to education. The project also got a major shoutout from none other than Gary Vee earlier this year, which is never a bad thing.

Women And Weapons

In June 2023, the project released its second collection, Women And Weapons: Artirium Wars. The follow-up collection revolves around a narrative theme based on an alternate history of World War II. This month, Women And Weapons also released Nova, the project’s first digital influencer. Nova will create daily content for the brand across social media platforms like YouTube Shorts, TikTok, and Instagram Reels, marking the project’s expansion into animation and narrative storytelling.

Women Rise Floor Price: 0.03 ETH

Founded by artist and activist Maliha Abidi, Women Rise is a 10K PFP collection whose November 2023 release coincided with the Center for Global Women’s Leadership’s 2023 international campaign 16 Days of Activism against Gender-based Violence. The collection’s traits are based on women activists, artists, coders, and scientists from around the world whose backgrounds and characteristics were used to generate the pieces in the collection.

Women Rise

The project began as an extension of Abidi’s work as an artist, using creative expression as a tool for storytelling and social justice. After a slow start to selling the NFTs in the collection, Gary Vee bought up 10 Women Rise NFTs in December, and alongside other celebrity buy-ins, helped raise the project’s profile substantially, and it sold out in January 2023. Having done so, the project donated 7.5 percent of primary sales to organizations like the Malala Fund, SOL Afghanistan, and The Girl Effect. Like other projects, Women Rise is now focusing on building out its brand beyond the NFT space.

The Rebels  Floor Price: 0.006 ETH

The Rebels NFT collection was born of tumultuous circumstances. In the fall of 2012, in Vilnius, Lithuania, Robert Kalinkin Fashion House put out an ad campaign that featured a man and a woman posing as Jesus and the Virgin Mary wearing clothing from the company’s then-upcoming fashion line. After a local religious organization filed a complaint against the ad campaign for insulting religious figures, the Lithuanian justice system ordered the fashion company executives to apologize. Rejecting the demand and taking their case to the European Court of Human Rights (who overturned the Lithuanian courts’ decision), Robert Kalinkin Fashion House Co-Founders Indre Viltrakyte and Robert Kalinkin decided to found an NFT community on the ideals of free creative expression.

The Rebels

The 10,101-strong PFP collection is based on the image of Mary that the two used in their original and now famous ad campaign. Viltrakyte wanted the project to reflect the strength and character of the archetype of the ultimate matriarch.

“When we created the project, we wanted to create this character, this mother of mothers — proud and independent,” Viltrakyte explained earlier this year while speaking to nft now. The women-led project, illustrated by visual artist Adriana Vala, aims to become the first fully blockchain-based fashion house.

The Flower Girls Floor Price: 0.06

Award-winning graphic designer and illustrator Varvara Alay took four months to handcraft the more than 950 elements used for The Flower Girls’ December 2023 10K PFP release. Billed as a collection that raises the standards for fine art NFT collectibles, The Flower Girls’ traits are more numerous than most 10K projects. They include more than 145 facial features, 35 hairstyles, and 170 accessories randomly arranged to make up each NFT.

The Flower Girls

The project donates 20 percent of primary and secondary sale royalties to various children’s charities. To decide where those funds go, The Flower Girls’ team and Discord community select and vote on a shortlist of charities that allow ETH donations via the Giving Block platform. This Web3 platform has also done wonders in enabling people to donate crypto to organizations fighting for women’s reproductive rights.

In the year since the project’s launch, the team has donated more than $582,000 to several children’s organizations, including St. Jude Children’s Research Hospital, the Malala Fund, Save The Children’s Ukraine Crisis Fund, and more. The women-led project has also shown a commitment to supporting young NFT artists, and dedicates five percent of project funds to buying children’s art on the blockchain through the FlowerGirlsArtFund.

BFF Floor Price: 0.047 ETH

In January 2023, Brit Morin and Jaime Schmidt (alongside more than 50 women leaders across various industries, including Gwenyth Paltrow and Mila Kunis) started BFF, a collective focused on building an accessible community that educates and connects women and non-binary people on the possibilities Web3 has to offer. The project’s broader goal is to become one of the largest decentralized brands on the internet.

BFF

In February, the collective dropped 8,444 BFF Friendship Bracelets, a priority access membership pass that gave holders eligibility for future drops, including the release of the community’s inaugural PFP drop, You. Artist Jade Purple Brown designed the 10K PFP collection, and holders are eligible for an ever-expanding and rotating selection of utilities and perks, like getting allowlist spots for other notable NFT projects, discounted prices for skincare products and clothing, and more.

To better provide educational resources to their community, BFF hired journalist Caroline Fairchild as the organization’s Editor-in-Chief in May this year. Fairchild has been at the helm of the collective’s free newsletter ever since. In line with the collective’s mission, the organization announced the formation of the Belonging and Mattering Council (BMC) in July to better spotlight professional development opportunities for underrepresented communities in Web3.

Riot Girls Floor Price:  0.04 ETH

In February 2023, Pussy Riot’s Nadya Tolokonnikova and OG NFT artist Gremplin teamed up to create the punk sci-fi feminist collection Riot Girls. In classic Tolokonnikova fashion, the project is simultaneously an unapologetically strident celebration of women and a condemnation of all things authoritarian and patriarchal. Billed as the first NFT project to represent women of all ages, Riot Girls is a collection of 666 NFTs that consist of both generative pieces and 1-of-1s.

Crypto.Chicks Floor Price: 0.043 ETH

A 10K PFP collection that began in September 2023, Crypto.Chicks aims to build a global community and brand that helps women navigate and succeed in the Web3 space.

Crypto Chicks

In February 2023, the Crypto Chicks collective became the first group to donate crypto to the International Planned Parenthood Federation. Crypto.Chicks CEO and CMO Elissa Maercklein made it a point to get in touch with the IPPF to help ensure the group would accept crypto donations in the future via the Giving Block.

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