5 Things To Look For In An NFT Collection

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Disney Chooses 6 Web3 Companies for Accelerator Program

Remember the first way that you experienced Disney? I do.

The first experience that I can remember is watching Emperor's New Groove when I was a young kid. I loved everything about the film, especially the part where Kuzco was turned into a llama, LOL. Kronk was also written so well.

Now, a select group of Web3 companies gets to experience Disney's Accelerator Program.

Over the years, Disney has helped a select group of tech companies that it believes have the potential to change the entertainment industry. The program has helped fund companies like Epic Games, the creators of Fortnite, Kahoot, the adored education tool, and others. This year, they chose some companies you may have already heard of if you've been reading The Mint.

Here are the 6 companies they selected for 2022:

• Flickplay: Flickplay is a Web3 social app that enables users to discover NFTs tied to real-world locations that they can experience and share via AR.

• Inworld: Inworld allows users to create interactive, AI-driven characters for immersive experiences.

• Lockerverse: Lockerverse is a Web3 platform that empowers creators and brands to tell culture-defining stories and deliver unique access and experiences.

• Obsess: Obsess is an experiential e-commerce platform that enables brands to create immersive 3D virtual stores on their websites and on metaverse platforms.

• Polygon: Polygon is a scalable blockchain network that allows developers and enterprises to build Web3 experiences.

• Red 6: Red 6 is an AR company that has created a patented headset and interface that works outdoors in dynamic, high-performance environments. [Via Disney's Release]

Disney is an absolute powerhouse in the entertainment industry, so it's great to see them assisting companies that are heavily invested in growing the technology of the future.

VaynerNFT becomes Vayner3

We've talked about Gary Vaynerchuk a lot in The Mint. Is that weird? That's for you to tell us, I guess.

Vaynerchuk has several companies bearing the Vayner name. One of them was VaynerNFT, a company that specialized in web3 consulting. That company is now known as Vayner3, likely because of its ties to the third iteration of the web.

What does Vayner3 do? →

As I stated above, Vayner3 is a consultancy firm. The firm will operate like a business consultancy firm (think Deloitte, McKinsey & Company, or Accenture). Companies can hire Vayner3 if they want to learn about web3, launch an NFT, incorporate web3 strategies, and more. They're currently working with companies like Pepsico, Coinbase, American Eagle, KraftHeinz, and others.

Vayner3 likely won't be the last consultancy firm to spring up, as nearly every business will need to become familiar with web3, and they will need help.

Thankfully, if you read The Mint, you already have a head start ;)

5 Things To Look For In an NFT Collection

As many of you probably know, the best way to get good at something is to do it.

Unfortunately, I can't play golf like Tiger Woods just by watching him play a few rounds at The Open. The NFT world is just like golf. If you want to really learn about NFTs, you should probably just dip your toes in and buy one!

The Mint staff encourages you to open a wallet, buy some crypto, and buy your first NFT. We estimate that it would take ~30min to accomplish those three things. If you're ready for that, these are some of the things to look for in your first NFT.

The Way It Looks

Step 1: buy something that looks cool. Don't buy something just because it's valuable. Would you buy a piece of art to hang in your house if it was ugly? Probably not. Make sure you like how it looks.

Utility

Does the NFT have a use? Does it let you get reservations at your favorite restaurants? Does it give you discounts at your favorite store? If it doesn't have any utility, that's fine, but be aware of its utility before you buy.

Cost/ROI

Always buy an NFT that you can afford. In our experience, it's best to start small and work your way up. As you get more involved in the space, you'll be able to predict how certain collections will fare as investments. High ROI projects typically have traits like utility, low cost, celebrity involvement, originality, and community.

Blockchain

Make sure to find collections that exist on the blockchain you're most comfortable with. OpenSea supports Ethereum, Klatyn, Polygon, and Solana. Each one has different fees associated with the transfer of an NFT, so make sure you're aware of that.

X-Factor

Is the project unique? Or does it seem like a copycat of something else you've seen? If it's unique, you've likely found a good project to invest in.

The great thing about NFTs is that there's one for everyone. Each one has different artwork, uses, and other traits.

Winner Winner Chicken Dinner

We've had a giveaway going on for the last two weeks. We asked our readers to refer five people to The Mint in exchange for an entry to win a Ledger Nano S Plus.

The results are in!

Everyone congratulate the winner of our giveaway, Ross Wickman! Ross, we'll be in touch.

Our next giveaway is pretty cool, so stay tuned.

Fresh News

• The Global Non-Fungible Tokens (NFTs) Market is expected to reach a value of USD 122.43 Billion by 2028

• Snap eyes adding NFTs as AR filters in Snapchat

• Kevin Rose’s PROOF Acquires Ethereum NFT Team Divergence

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That concludes this week's version of The Mint! Thanks for reading, and make sure to share your freshly-minted knowledge with your friends and coworkers.