Anndy Lian's Blog, page 101

Interview with Anndy Lian, Book Author, NFT From Zero to Hero x Bybit NFT Marketplace x Blockcast.cc

Anndy Lian | Inter-Governmental Blockchain Adviser | Book Author | Investor | Board Member | Singapore
Interview with Anndy Lian, Book Author, NFT From Zero to Hero x Bybit NFT Marketplace x Blockcast.cc

8,000 NFT books were being sold on Bybit NFT Marketplace. Anndy Lian, book author of NFT: From Zero to Hero catches up with his community together with Yao from Bybit and Scott Tripp from Blockcast.cc.

Zero to Hero marks the very first NFT book collection offered by Bybit. This new NFT collection is created by Anndy Lian, a celebrated thought leader in the crypto and NFT community. With its initial launch to the market on GrabPic, Zero to Hero is a call to anyone and everyone excited about the prospect of the world of NFT. Bound by imagination only, the NFT space is still in its early days and early adopters can be a “hero” in their search for new possibilities.

“We are happy to have Anndy as our first launch on GrabPic. We love quality NFTs, and Anndy fits the bill and set a good example for all of us. Bybit NFT Marketplace encourages all of you with good NFT to approach us.” Yao, Marketing Lead of Bybit NFT Marketplace commented.

The low price; high-quality strategy helps to bring more interest and brings life to the NFT marketplace on Bybit. Additionally, the marketplace will have a merge card function to be announced later in the month. Holders of previous GrabPic collections can get a chance to merge their NFT to receive more surprises.

“I am an author. I want more people to get the knowledge that I am sharing. I want like-minded people to use the book as a talking point. Scott for instance is based in Canada, I would be happy for him if he can be speaking to his local community about the book. Be the spokesperson and subject matter expert. Be an NFT hero!” Anndy Lian added.

In this interview, Anndy Lian revealed his plans for the book, his music that will also be launched alongside the book, and a lot more.

The post Interview with Anndy Lian, Book Author, NFT From Zero to Hero x Bybit NFT Marketplace x Blockcast.cc appeared first on Anndy Lian | Inter-Governmental Blockchain Adviser | Book Author | Investor | Board Member | Singapore by Anndy Lian.

SudoRare shuts shop, makes off with 519 ETH

Anndy Lian | Inter-Governmental Blockchain Adviser | Book Author | Investor | Board Member | Singapore
SudoRare shuts shop, makes off with 519 ETH

Before any investment, you got to DYOR “Do your own research”. The Sudorare team is fully anonymous and not doxxed anywhere. This is what I warned my community on 18 August 2022 when they came to me about investing in them.

This is not a one-off case. If you remember, Frosties freeze rug pull nets 335 ETH. Big Daddy Ape Club also took around the same amount at 9,136 SOL for NFTs that did not even exist. Evil Ape dupes the Evolved Apes NFT community managed to rug 798 ETH from project investors just one week after the collection’s launch. Their social media and website were also gone almost immediately.

SudoRare’s social media is gone. I cannot find their Twitter and Discord anymore. I would suggest those who have used their wallets on them to revoke your access.

– Anndy Lian, author of the new book NFT: From Zero to Hero, in an interview

 

SudoRare shuts shop, makes off with 519 ETH

SudoRare, an automated-market maker protocol, shut its services and social media accounts and made away with 519 Ether (ETH) worth about $815,000, according to blockchain investigator Peckshield.

A member of the crypto community was the first to draw attention to a suspicious transaction that used LooksRare (LOOKS) and USD Coin (USDC) tokens to siphon a sizable amount of money from SudoRare.

Peckshield then put out an alert about the rug pull of 519 ETH and the diversion of the stolen funds to three new addresses. SudoRare also deleted its social media accounts and all of its services.Anndy Lian, chief digital advisor for the Mongolian Productivity Organization, said the incident once again highlighted the need for investors to do their own research before making investments in shady projects.

“The SudoRare team is fully anonymous and not doxxed anywhere. This is what I had warned my community on August 18, 2022, when they came to me about investing in them,” he said.

He said this was not a one-off case. In the Frosties freeze rug pull on January 9, hackers netted 335 ETH. On January 12, Big Daddy Ape Club took about the same amount at 9,136 Solana (SOL) for NFTs that did not even exist.

Evil Ape duped the Evolved Apes NFT community in October 2021 and managed to rug pull 798 ETH from investors one week after the collection’s launch. Their social media and website were also gone almost immediately.

Crypto scams

Over $7 billion was stolen in cryptocurrency scams in 2021, according to a report from Chainalysis. This represents an 81 percent rise from figures in 2020.

According to the report, rug pulls, a type of scam where developers abandon a project and leave with investors’ funds, became the “go-to scam” of the decentralised finance, or DeFi, ecosystem.

In 2021, rug pulls accounted for over $2.8 billion stolen, or 37 percent of all cryptocurrency scam revenue. This is a significant increase compared to 1 percent in 2020.

 

Original Source: https://www.moneycontrol.com/news/business/sudorare-shuts-shop-makes-off-with-519-eth-9075501.html

The post SudoRare shuts shop, makes off with 519 ETH appeared first on Anndy Lian | Inter-Governmental Blockchain Adviser | Book Author | Investor | Board Member | Singapore by Anndy Lian.

NFT Dry Spells? Maybe Not for “Zero to Hero” NFT

Anndy Lian | Inter-Governmental Blockchain Adviser | Book Author | Investor | Board Member | Singapore
NFT Dry Spells? Maybe Not for “Zero to Hero” NFT

Crazy headlines saying that the total sales volumes of NFTs have plunged more than 90 percent. The next thing I remember, I had to launch my book “NFT: From Zero to Hero by Anndy Lian” in August.

When the idea was mooted, one common question is: Why launch it now? It’s the bear market. In all truth, I did not have the time to finish the book during the bull run, and since I did not have the time to test out the tools that are on the market, it is hard for me to choose what to recommend. Therefore the bear market is the best timing for me. I had time to complete the book, test out more tools that were recommended by my community and make plans for the book.

I did not really care what the book sales were going to be like in the very beginning. I only want to share knowledge with the community at large. When my team members told me that I should also worry about sales. I had a great idea of collaborating with projects and maybe a few meme coins to make things fun. There were many interests when I spoke to them, some wants a special cover, and others want to launch a collection together. 99 percent of them did not follow through. The typical- all talk, no action. This did not stop me.

Of course, some of them came around eventually. These are the wonderful people who made my book cover, song album cover, music production, NFTs, and all. I will be always grateful to those who have helped.

The book went on even better with the help of Bybit NFT Marketplace. After much shopping around and offers from various exchanges, I have chosen Bybit. They are willing to help and run the extra mile. I ended up being the first launch on their new program called GrabPic. Zero to Hero is also the first NFT book that launched on any exchange NFT marketplaces. Looking through the listings, I am also possibly the first who listed using a real profile picture.

The launch went well too. All the NFTs were sold out. All 8,000 of them were bought in the first minute. Pricing seems to be just right- $2.99 for a book with benefits. I did not want to sell the books at a very high price. As a book author, I would like to have more people reading the book, share my knowledge and have fun.

The fun part can come in many ways.

It can be having fun creating and minting your own NFTs.

In the book, I have shared various sites, platforms, and tools that you can create your own NFTs. If you are a designer, this will be a piece of cake.

It can be spotting the next big thing in the market.

This is a fun process, especially if you like statistics. There are rating portals that allow you to kind of predict which NFT has a bigger potential. If you have a good sense of what’s happening in the market and with a good analytical mind, the figures shared on some of these portals can guide you to your first successful NFT collection.

Or using Bybit’s merge function to get you more gifts and benefits.

If you have bought my book NFT and when my music NFT is launched, both of them can be merged to get you something else that is rarer and with more useful benefits. The methodology is simple and easy to understand. It is fun too.

The book talks about all you need to know. There are interesting trends that you should really look out for, tools, and useful platforms that you need to check out. At the end of the book, I shared some insights into the future of NFTs.

You can find out more about the book at Bybit NFT marketplace for now. The book will be available in major online bookstores in the coming months. I will be sharing more about the book and its activities on Hackernoon. Thanks again for all the support.

 

Original Source: https://hackernoon.com/nft-dry-spells-maybe-not-for-zero-to-hero-nft

 

The post NFT Dry Spells? Maybe Not for “Zero to Hero” NFT appeared first on Anndy Lian | Inter-Governmental Blockchain Adviser | Book Author | Investor | Board Member | Singapore by Anndy Lian.

Liquidity crunch may loom for Bored Ape-collateralized loans as floor price slides

Anndy Lian | Inter-Governmental Blockchain Adviser | Book Author | Investor | Board Member | Singapore
Liquidity crunch may loom for Bored Ape-collateralized loans as floor price slides

Not every NFT collection is facing the same issue, but due to the collection’s outsized influence it could have a significant impact on the rest of the Ethereum NFT ecosystem.

The floor price for Bored Ape Yacht Club non-fungible tokens, a leader among NFT collections, has fallen to an eight-month low, raising the risk that dozens of the NFTs used as collateral for decentralized lending service BendDAO may be forcibly sold.

That scenario could then trigger a cascade of further liquidations, said Anndy Lian, author of the new book NFT: From Zero to Hero, in an interview with Forkast.

BendDAO is a peer-to-peer platform that allows users to front NFTs as collateral for Ethereum loans for roughly 30% to 40% of the NFTs floor price — or the minimum price to purchase one of the Bored Ape Yacht Club NFTs on the open market.

Currently, 121 of the 227 Bored Apes collateralized on BendDAO — 2.27% of the entire collection — are considered to be at risk of liquidation as the collection’s floor price nears the level at which the tokens are valued on the platform.

“If that happens, that would be a major setback for all the NFTs that are on Ethereum,” said Lian.

With Bored Apes the second highest-selling NFT collection, Lian said a liquidation of this size would only put further downward pressure on the collection itself, others on the network, and even on the price of Ethereum itself. Combined with existing macro-economic pressure likely facing the crypto market this year, that could spell more grief for investors.

“That downstream issue [could] then create a really, really bad winter for everyone else next year,” he added.

Sick apes

BendDAO rates the risk level of a collateralized NFT via a so-called “health factor,” which is a ratio of the individual NFT’s value compared to the collection’s floor price. When that metric falls below 1, the token is automatically entered into a liquidity state for 48-hours to give the owner the chance to pay off the loan and interest to earn the token back or place it up for auction.

There are currently 21 Bored Ape Yacht Club NFTs with a BendDAO health factor of under 1.1 and a further 42 with a health rating under 1.2.

In response to the liquidation threat, BendDAO said Monday in a blog post they would be adjusting the liquidation threshold for these assets to 70% of the floor price by Sept. 20 over four stages with the first adjustment to 85% taking place on Aug. 30.

They also said they would be shortening the auction period to just 4 hours to improve liquidity for auctions.

“We are sorry that we underestimated how illiquid NFTs could be in a bear market when setting the initial parameters,” the BendDAO blog post read. “In the past several days, we got tons of feedback and suggestions from the community.”

The floor price for the collection, typically known as BAYC, hit 65.68 Eth (US$104,693) on Saturday, the lowest since early January and a price that was exceeded briefly by the rival CryptoPunks NFT collection on Sunday evening.

The BAYC collection’s current floor price of 68.48 Eth marks a 55% plunge from a high in early May of 153 Eth, which Lian attributes to two main factors.

Merge factor

“Number one is that the overall market is not in the best condition,” he said. “Number two is there are still people with doubts on Ethereum 2.0. This adds some anxiety to people who are holding onto NFTs and using it as a collateral.”

Ethereum 2.0, usually referred to as “the Merge”, will involve the world’s second-largest blockchain mainnet transitioning from its current proof-of-work consensus mechanism to a proof-of-stake system. This change will make the network vastly more energy efficient, but will make Ether crypto miners effectively redundant, which has caused some miners to push back against the transition.

While Ether has recently shown some signs of price recovery, it is still down 55% from the start of the year, a decline that is reflected in the NFT market which has failed to amass more than US$1 billion in monthly sales for the past three months. In March, April and May, sales breached US$2 billion or US$3 billion a month.

“It is actually a big concern for a lot of NFT speculators because the chances of them selling their NFT or BAYC at a certain high price is not going to come anytime soon,” Lian said of the sluggish sales figures.  “This is worrying.”

 

Original Source: https://forkast.news/liquidity-crunch-bored-ape-loan-floor-price/

The post Liquidity crunch may loom for Bored Ape-collateralized loans as floor price slides appeared first on Anndy Lian | Inter-Governmental Blockchain Adviser | Book Author | Investor | Board Member | Singapore by Anndy Lian.