Around the same time that the first signs of life on Web 3 surfaced, the market was introduced to NFTs for the first time. However, over the course of the last year and a half, there has been a meteoric rise in both their popularity and value. NFT stands for Non-Fungible Token. In a manner not unlike to the way that artwork is purchased and sold at auctions, these tokens are kept on the blockchain and can be bought and sold. When you possess an NFT, you own the rights to the digital art associated with that NFT, and purchasing NFTs frequently grants individuals exclusive access to high-level networks and communities.
Because of the market’s saturation with fraudulent projects caused by the industry’s expanding popularity, investors need to exercise extreme caution whenever they are searching for fresh opportunities. This post is going to spare you the trouble of conducting your own research by taking an in-depth look at one of the most popular NFT projects that is currently available on the market, and that project is Veefriends. We will delve into what the project entails, its floor price, where we anticipate the price to go in the future, and a great deal more.
What are VeeFriends NFTs?
The Ethereum blockchain serves as the repository for all 10,255 of the one-of-a-kind things that make up Veefriends. This makes Veefriends an extremely one-of-a-kind creation, as each individual piece of digital art is entirely unique. The majority of projects adhere to the format of an animal or object with several characteristics that determine its level of rarity. Veefriends, on the other hand, are nothing more than simplified drawings of a wide variety of animals against a variety of settings.
Gary Vaynerchuk, a prominent proponent of NFT and Web 3, is the one who conceived up and initiated the initiative. If you are interested in the non-traditional trading (NFT) arena, it is likely that you are familiar with Gary Vee. Building the media and communications company VaynerX is arguably the thing that brought him the greatest fame. However, ever since the market for NFTs has exploded, he has received a lot of attention online due to the bullish views he has towards the industry. Because of this, he has been able to attract investors to his own NFT initiative.
How many of our friends do we have on VeeFriends?
There are 10,255 Veefriends NFTs, as was previously reported. Each illustration features a unique creature that stands out thanks to its distinct history and high rarity score. The primary factor that defines the price of the NFT is its rarity score. For instance, the cheapest price for the ‘Epic’ rarity token right now is over 20 ether, which is equivalent to 53 thousand dollars.
Although every single NFT is an animal, they are not all the same levels of rare. Some are more common than others. The number of ‘Mammals’ is 4463, but the number of ‘Dinosaurs’ is only 80. This exemplifies the comparative rarity of dinosaurs in comparison to mammalian species. To emphasize this point, the floor price of the mammals is currently set at 14.2 ETH, which is also the floor price of the entire project. Nevertheless, the minimum cost of purchasing a dinosaur is 44.4 ETH! This figure immediately skyrockets to far over one hundred ether, which is well over two hundred thousand dollars!
Friend’s Collections from VeeFriends
At this time, there is just a single official Veefriends collection available. On the other hand, if you type the word “Veefriends” into the search bar on OpenSea, you can get more than one result. A false collection is any other collection that does not had its authenticity validated on OpenSea. Checking the floor pricing is the quickest and easiest approach to determine whether or not items are authentic. At the moment, the minimum purchase required to join Veefriends is greater than 14 ETH. Every other effort that attempts to replicate Veefriends will fall far short of this bar.
When it comes to Veefriends, despite the fact that there is just one collection available, there is in fact a great deal more than meets the eye. You can select the ‘Book Games’ option from the menu that appears when you go to the Veefriends website. Players are able to earn tokens while playing with this one-of-a-kind layer 2 NFT that has never been seen before. It has a connection to Gary Vee’s best-selling book, Twelve and a Half, which is a neat idea, and it’s one of the reasons why. This exemplifies the extensive utility that non-fungible tokens (NFTs) offer beyond simply being a cool piece of digital art that you own and have access to.
VeeFriends Price Now
People have been buying Veefriends at a range of prices, with these prices fluctuating in a manner that is mostly consistent with the overall NFT landscape and crypto markets. It was fairly usual for products to constantly sell for this amount when the project initially began minting coins because the floor price was somewhere around 14.5 ETH at the time. The volume of transaction continues to be quite high despite the fact that the price is currently at an all-time high. For instance, the price of Veefriends can easily be increased to over 20 ETH, and this kind of thing happens all the time. There is also demand for high-rarity NFTs, which can fetch prices of up to 50 ETH apiece due to their scarcity. For instance, the item known as the “Gift Goat” from Veefriends was sold a week ago for more than 50 ETH.
VeeFriends Floor Price
Veefriends is currently trading at a floor price of 15.9 ETH, which is equivalent to about $41k. This floor price has been subject to significant shifts throughout the course of time and is currently sitting at a quite high level. When the project was first launched, the floor price was initially set at a level that was around 14.5 ETH. This tendency, however, tapered down towards the latter end of 2021, and the floor dropped to as low as 7ETH at its lowest point. After reaching that point, the floor price began a meteoric ascent, which, in retrospect, indicates that this would have been an excellent opportunity to make a purchase. The floor price of Veefriends reached its all-time high on March 6, when even the collection’s least expensive piece was going for more than 18ETH. At its current price of 14 ETH, there is perhaps even further possibility for expansion, particularly if further usefulness is provided to the NFTs.
VeeFriends Price Chart
The following graph, given by Mintalytics, depicts the historical floor price for Veefriends:
VeeFriends NFT Analysis
Now that we have that out of the way, let’s take a more in-depth look at the Veefriends project as a whole. We are going to place a primary emphasis on the project’s utility, community, and leadership, as these are the three primary factors that contribute to the initiative’s exhilarating nature.
Utility
To begin, Veefriends NFTs have a significant amount of practical use. Every holder receives invitations to the annual conference Veecon, which is hosted by Gary Vaynerchuk and is attended by thousands of people, including a large number of influential business figures from around the world. In addition to this, the unique utility of each non-faction token varies depending on the rarity characteristics of the item. Holders of these will be granted access to unique events hosted by Gary, which are typically focused on professional development. The cohesiveness of the community is strengthened as a direct result of this.
Community
The fact that Veefriends has a community that is extraordinarily active and supportive is likely one of the most appealing aspects of the project as a whole. Gary Vee envisioned the project being based on the principle of high usefulness, which would result in the development of a robust community. The 317 thousand members of discord highlight the fact that he has done exactly that. In addition to this, the project has more than 240 thousand followers on Instagram and more than 198 thousand followers on Twitter, which is evidence of the project’s significance in the NFT community as a whole.
Leadership
The fact that Gary Vee was the original creator of the idea is the last and possibly most interesting aspect about it. As was indicated before in this piece, Gary Vee is a great proponent of NFT and is one of the leaders in the movement to push NFT and Web 3 material into the larger media. NFT investors should feel a significant boost in their confidence in the company’s ability to successfully navigate the future as a result of the presence of such an enthusiastic and knowledgeable individual at the helm of the project.
What accounts for the high cost of VeeFriends?
If NFT projects are able to properly nail the three elements listed above, they will typically be successful. When it comes to projects, the question of whether or not they will provide utility is typically the deciding factor. People will typically participate in a project and contribute to the expansion of the community if they are impressed by the usefulness of the endeavor. As the community increases, word of it gets out to an increasing number of potential investors, which contributes to its continued expansion.
The exorbitant cost of Veefriends can be attributed to each of the three factors discussed above. It is possible that investors were attracted to the space due to the excellent leadership of the project, as well as the fame of Gary Vee. On the other hand, the high usefulness and ambitious ambitions for the project are what have contributed to the community’s growth to the point where it is today. Despite the fact that the floor price has changed throughout the course of time, Veefriends has been and always will be regarded as a blue-chip enterprise. It is likely that the high floor price has attracted a greater number of investors to take part in the project.
The most pricey VeeFriends currently available
The “Adventurous Astronaut” is the Veefriends NFT that can be purchased for the highest price at this time on the market. It is currently listed at 1997 ETH, which is equivalent to nearly $5 million USD. On the other hand, it is extremely doubtful that anybody will buy a Veefriends NFT for such a high price. A noteworthy and expensive Veefriends sale took place ten days ago when the ‘Podcast Panther’ was purchased for 120 ETH, which is equivalent to almost $330,000 in today’s currency. This emphasizes the enormous quantities of money that people are prepared to spend for some of the rarest NFTs that the project has to offer. If you go to the OpenSea website and click on the option labeled “activity,” all you have to do to find Veefriends being sold for way over the 30 ETH level is scroll down a few pages.
VeeFriends Rarity
As was previously noted, the price of Veefriends can vary quite a little depending on how rare they are. There are a total of 266 unique animal and object drawings; nevertheless, the rarity of these varies greatly due to factors such as their editions, redemptions, adjectives, animals, benefits, categories, groups, and properties. The NFTs can also be categorized according to their rarity, from uncommon to stunning to very rare to epic. These provide a significant point of pricing differentiation. For instance, the most affordable “rare” NFT can be purchased for 16.6 ETH, and there are 1880 of them available. The ‘Epic’ Veefriends start at around 20 ETH for the least expensive one, and there are only 470 of them available out of the entire collection.
Where to Get Your Hands on Some VeeFriends NFTs
OpenSea is the only marketplace where Veefriends NFTs can be purchased at the present time. OpenSea is the largest NFT marketplace in the world, and it is typically the location where the greatest number of projects are listed. In addition to this, the majority of high-profile projects like Bored Ape Yacht Club, Veefriends, and CryptoPunks are included in the list. Due to the fact that it is such a prominent exchange, it has a significant number of users, a substantial amount of liquidity, and also significant safety functions. Because the world of NFTs is still in its infancy, it is important to be cautious about the level of security provided by the exchange you decide to deal with.
OpenSea does, however, have a few restrictions in place. The most significant of these is probably the hefty gas prices that consumers are required to pay while they are carrying out transactions. Gas fees are simply modest payments that are made in order to pay miners for completing transaction services that are completed on the blockchain. Miners are rewarded for their work using the cryptocurrency bitcoin. Miners have to put in more effort to validate transactions whenever there is a significant volume of people buying and selling NFT at the same time. This is because the quantity of transactions grows, and miners have more work to do. As a direct result of this, gas prices tend to be significantly higher during times of high demand. Investors should be informed that they can occasionally be more than $300 each. This is something that can happen.
However, OpenSea is not the only exchange where excellent NFT projects are trading. Other exchanges include: Exchanges for non-fungible tokens (NFTs) are provided by companies such as Magic Eden and Binance NFT, as well as Crypto.com, which both attract a significant number of investors. When it comes to purchasing, selling, and verifying transactions, Magic Eden employs Solana as its currency. This is an important detail to keep in mind about the game. This indicates that there is no charge for the use of gas. Users that engage in a high volume of NFT trades on a daily basis may find this to be a useful choice. Despite this, Veefriends and a number of other highly popular projects are not yet available on Magic Eden; in fact, many of these continue to be OpenSea-only offerings.
The procedure for purchasing VeeFriends NFTs
You are need to sign up for a crypto wallet in order to store your cryptocurrency before you can purchase any NFTs. In addition to safely keeping your cryptocurrency, you also have the ability to transmit and receive cryptocurrency from other addresses. We highly recommend utilizing the eToro wallet because it is incredibly simple to operate, has support for a number of different currencies, and is quite safe.
We are going to walk you through a simple step-by-step guide on how to set up an eToro wallet and acquire Veefriends NFTs so that you don’t have to waste time researching how to set up a wallet. This will save you time.
1. create an account with eToro.
The first thing you need to do is sign up for an account with eToro. After entering the eToro website, all you have to do is look for the button that says “sign up” and then follow the instructions that appear on the screen. In order for you to proceed to the next level, some of your most fundamental personal information will need to be entered.
2: Confirm your account information in order to add funds.
After you have finished creating an account, you will need to validate it in order to be able to add money to it. In order to proceed with this, eToro requires that you present them with some recently issued forms of identification. A photocopy of your driver’s license and a recent power bill are also acceptable alternatives. eToro will make every effort to complete these verifications within a few minutes. After your account has been validated, you will have access to a range of deposit options. Bank transfers, credit and debit cards, and e-wallets like PayPal and Skrill are all examples of these types of payment methods.
3: Put some Ethereum in your digital wallet.
You are now ready to begin buying cryptocurrencies because you have a wallet on eToro that has been funded and verified. If you want to purchase Veefriends NFTs, you will need to make sure that your wallet contains Ethereum. To accomplish this, go to the top of the page where you are viewing and type ETH into the search field. Simply select the ‘Trade’ button on the toolbar and then fill out the order form to make your purchase of the desired quantity. Your account will be credited with more Ethereum.
4. Connect your eToro wallet to OpenSea
In order to continue purchasing NFTs, your eToro wallet must now be connected to OpenSea. To accomplish this, navigate to the top right of the OpenSea website and click the accounts icon. From this point forward, select the WalletConnect option, and then paste in the address of your wallet. If you are using a mobile device, you can also scan the QR code that is displayed on the screen. After that, a connection will be made between your OpenSea account and your eToro wallet.
5: Buy Veefriends NFTs
Now that you have an OpenSea account that is funded and connected to your eToro wallet, you are able to begin searching for NFTs and adding them to your collection. eToro is the wallet that you will use to store your NFTs. Simply type Veefriends into the search bar on OpenSea, and the official collection should be the one that comes up first. Investors need to be aware of the possibility of a large number of fraudulent Veefriends remakes entering the market. These remakes will likely have very low floor pricing and the artwork will not be of the same high quality. Users should only look at verified collections when considering investing in blue-chip artwork, as it is highly possible that other collections are counterfeit.
Purchase NFTs using Cryptocurrency on eToro.
Cryptoassets, on the other hand, are an unregulated and highly volatile investment commodity.
What Are the Plans for the Future of VeeFriends?
It would appear that the rising floor price is highlighting the buzz surrounding Veefriends NFTs. Because there is such a strong demand for the collection, the price point is exceptionally high. Holders who are currently holding Veefriends NFTs in their portfolios are eligible to receive invitations to private events such as Veecon and other professional gatherings. In addition to this, Gary Vee has developed a layer 2 NFT called Book Games, which appears to be an intriguing up-and-coming NFT in its early stages. It’s possible that this brand-new undertaking will prove to be a fruitful way to increase interest in Veefriends. The general attitude of investors toward NFTs is another factor that may determine the success or failure of ventures like Veefriends. If investors maintain the current high demand for projects, then you can anticipate that the price of Vee buddies will continue to rise. Overall, it appears like Veefriends is in a terrific position for future expansion thanks to its high utility, robust community, and great leadership.
Is VeeFriends Going to Be the Best New Crypto to Invest in in 2022?
A blue-chip NFT startup with an unusually high floor price, Veefriends is currently accepting investors. It most certainly benefited early investors; but, the price is currently so expensive that it is quite possible that many investors won’t be able to afford to become involved because they won’t be able to afford to get involved. There are also a great number of other NFT initiatives that are about to start. These projects mint their tokens at far cheaper prices and have the potential to generate enormous future growth. We have selected our favorite new project for you, which is the Lucky Block Platinum Rollers Club collection, so that you do not have to go through the trouble of looking for new projects.
After its introduction a few months ago, the cryptocurrency markets have been completely overtaken by the high-growth altcoin known as Lucky Block. The developers are currently working on developing an NFT that has a high utility and a high growth rate. Beginning the following week, there will be a launch of 10,000 NFTs, and each token will function as an entry into daily prize draws. The winners of these will be entered into a daily jackpot drawing for $10,000, which has the potential to award enormous prizes.
In addition to this, there are 25 “Rare Edition” NFTs hidden within each of the 10,000 collections. These NFTs provide their owners the ability to increase the amount of potential prizes they could win by double. The price of the mint has been established at $1500, and it will be available in a short while. As a result of the fact that following the first release of Lucky Block cryptocurrency, its price increased by more than 3000%, it is quite probable that the price will surge on the secondary market. It is also worth noting that the Lucky Block Telegram group has more than 40,000 members, which is another evidence of the release’s widespread appeal. Veefriends began as a more modest high-growth project comparable to Lucky Block, but just look where it is now!
Conclusion
Through the steadily increasing floor price, Veefriends have demonstrated their enormous growth potential. In addition to this, the robust community, excellent leadership, and interesting usefulness suggest that the project has the potential to push even higher within the next months. The fact that the broader NFT market appears to be on an extraordinary bull run at the moment as well exemplifies the wonderful opportunity that these crypto-assets provide. You will need to create a wallet in order to purchase Veefriends, and eToro is our top recommendation for doing so. It is simple to set up, has a high level of security, and supports trading in multiple cryptocurrencies.
In light of the aforementioned, our recommendation for the best non-financial token (NFT) to invest in is the Lucky Block Platinum Rollers Club. This is because it is a smaller project with a faster growth rate. The 10,000-piece collection, which gives its holders the opportunity to participate in daily prize draws and is dropping this week, has the potential to result in enormous gains for early investors. If you are interested in the collection, then you should click on the link below to join the 42,000 other people who are already a part of the Lucky Block Telegram group to get more information about the future drop and the project.
What is VeeFriends NFT?
On the Ethereum Blockchain, Veefriends are represented as a group of 10,255 distinct tokens. Holders are granted entry to Veecon as well as a plethora of other exciting business events.
How many of your pals do you have on Veefriends?
There are 10,255 VeeFriends, each of which may be purchased for a different amount of money and has a unique set of capabilities.
How much does a VeeFriends New Player Transfer cost?
Veefriends is currently trading at a floor price of 15.5 ETH, which is equivalent to more over $35,000 USD.
When did VeeFriends launch?
The launch of Veefriends occurred in May of 2021. Over three thousand tokens were purchased in the first twenty-four hours. The initial coin offering had a price of 0.5 ether, which exemplifies the enormous rise to which early investors have been exposed.
What accounts for the high cost of VeeFriends?
The floor price of Veefriends has skyrocketed as a result of a confluence of factors, including community interest and practical application. In addition to this, Gary Vee, the founder of Veefriends and a major player in the NFT game, has a tremendous amount of power, making him an excellent candidate to lead and advertise the project.
How do I buy VeeFriends NFTs?
OpenSea is the place to go if you want to purchase Veefriends NFTs and you are interested in doing so. However, in order to acquire goods via OpenSea, you will first need to connect your wallet to the platform. When doing so, we strongly suggest utilizing an eToro wallet. Read the section in the article that was just above this one to get the comprehensive rundown on how to carry out this step.
