Step into the Metaverse with the VanEck Community NFT
May 02, 2022
Read Time 2 MIN
VanEck is excited to launch the VanEck Community NFT, the first ever NFT offered by a global asset manager. It offers exclusive access to an inclusive community that is both free and provides real-world utility.
NFTs, or non-fungible tokens, have become a coveted digital asset for projects, companies and groups to distribute across various blockchains as a reward for investors, loyal followers and community members.
Money Printer Go BRRRR
Source: VanEck Community NFT, Episode 1: Printing Press.
VanEck Community NFT Overview and Purpose
As a leader in the digital assets space, VanEck continues our aim to be a premier investment and educational content provider. The VanEck Community NFT will be distributed across 1,000 holders who wish to have early access to research, be in the know for specific investment opportunities and take part in real and virtual events and experiences sponsored by VanEck.
The VanEck Community NFT allows VanEck to foster engagement and community among those who have a passion for finance and crypto alike.
An NFT is a unique digital asset allowing for digital ownership through blockchain technology. Each NFT is non-fungible, meaning that it cannot be replicated or counterfeited and cannot be equal to another NFT exactly.
NFT Use Cases are Evolving in Real-Time
Everyone new to the space likes to use art as an example to define what NFTs are. Art is a good use case, but not the only one. NFTs have been used to tokenize just about anything from play-to-earn assets (video games where you earn actual crypto), real estate, collectibles, and so on. NFTs are now providing real-world utility to their owners and broader communities.
However, a digital membership card is the best likely example to describe the VanEck Community NFT.
VanEck: Dare to be Different
Source: VanEck Community NFT, Episode 1: Printing Press.
Timeline and Roadmap for the VanEck Community NFT
Our pre-reveal NFT will be dropped (sent to participants’ crypto wallets) the week of May 2, 2022 and after. The digital asset will include a meme that is tied to the story line of our Hammy character, a fictitious representation of Alexander Hamilton, as he navigates a world of financial disruption.
Towards the end of May, each NFT will transform into its final version. These will be high-quality avatars built with Unreal Engine 5, currently the highest quality rendering tool on the market. Also, each avatar will have traits that may be rare and qualify its holder for exclusive access to events and opportunities.
Along the way, two more narrative videos will be released to build out the lore of the community’s ethos and purpose.
Community Correspondence and Feedback
VanEck will showcase a novel way for community members to receive updates, provide feedback and experience a real sense of togetherness, which will be revealed when the 3D avatars are released at the end of May. This NFT is community centered and we look forward to our participants’ suggestions, feedback and ideas for networking opportunities.
We will also be communicating updates related to the project from our social media and Twitter project pages.
How to Sign Up for the VanEck Community NFT
You will need to have an Ethereum address, but we have included various step-by-step instructional pieces for further assistance.
Please note that VanEck may offer investments products that invest in the asset class(es) or industries included herein.
In consideration of the receipt of non-fungible tokens (“NFTs”) from VanEck, you represent, acknowledge, accept and agree that:
You received the NFTs as a gift from VanEck. You did not pay any consideration, monetary or otherwise, for the NFTs.
The NFTs are not an investment. Rather, the NFTs are digital memorabilia intended solely for entertainment purposes. As entertainment memorabilia given to you as a gift, the NFTs have no value and are not intended by VanEck to ever have any value. Neither VanEck nor a else will take or not take any current or future action that is designed in any way to maintain the value of the NFTs, or to cause their value to grow or increase. You must not attempt to obtain an NFT from VanEck if you view it as an investment.
As a condition of receiving the NFTs, you shall hold the NFTs for your own personal benefit, and you shall not act, and are not acting, on behalf of any other person or entity; except that, if you are an affiliate of an entity or person whose relationship or affiliation you have made VanEck aware of prior to your receiving the NFT, and VanEck consents to your receiving an NFT, you may receive an NFT. You shall not sell, assign, alienate, lease, lend, fractionalize, re-gift, convey or transfer in any way the NFTs (or any interest therein) to any other person or entity, even an affiliate. Any sale, transfer, assignment, or other action covered in the preceding sentence shall be void. You must not attempt to obtain an NFT from VanEck if you plan to sell or transfer it.
This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities/financial instruments mentioned herein. The information herein represents the opinion of the author(s), but not necessarily those of VanEck, and these opinions may change at any time. Non-VanEck proprietary information contained herein has been obtained from sources believed to be reliable, but not guaranteed. Not intended to be a forecast of future events, a guarantee of future results or investment advice. Historical performance is not indicative of future results. Current data may differ from data quoted. Any graphs shown herein are for illustrative purposes only.
Cryptocurrency is a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value, but it does not have legal tender status. Cryptocurrencies are sometimes exchanged for U.S. dollars or other currencies around the world, but they are not generally backed or supported by any government or central bank. Their value is completely derived by market forces of supply and demand, and they are more volatile than traditional currencies. The value of cryptocurrency may be derived from the continued willingness of market participants to exchange fiat currency for cryptocurrency, which may result in the potential for permanent and total loss of value of a particular cryptocurrency should the market for that cryptocurrency disappear. Cryptocurrencies are not covered by either FDIC or SIPC insurance. Legislative and regulatory changes or actions at the state, federal, or international level may adversely affect the use, transfer, exchange, and value of cryptocurrency.
Investing in cryptocurrencies comes with a number of risks, including volatile market price swings or flash crashes, market manipulation, and cybersecurity risks. In addition, cryptocurrency markets and exchanges are not regulated with the same controls or customer protections available in equity, option, futures, or foreign exchange investing. There is no assurance that a person who accepts a cryptocurrency as payment today will continue to do so in the future.
Investors should conduct extensive research into the legitimacy of each individual cryptocurrency, including its platform, before investing. The features, functions, characteristics, operation, use and other properties of the specific cryptocurrency may be complex, technical, or difficult to understand or evaluate. The cryptocurrency may be vulnerable to attacks on the security, integrity or operation, including attacks using computing power sufficient to overwhelm the normal operation of the cryptocurrency’s blockchain or other underlying technology. Some cryptocurrency transactions will be deemed to be made when recorded on a public ledger, which is not necessarily the date or time that a transaction may have been initiated.
- Investors must have the financial ability, sophistication and willingness to bear the risks of an investment and a potential total loss of their entire investment in cryptocurrency.
- An investment in cryptocurrency is not suitable or desirable for all investors.
- Cryptocurrency has limited operating history or performance.
- Fees and expenses associated with a cryptocurrency investment may be substantial.
There may be risks posed by the lack of regulation for cryptocurrencies and any future regulatory developments could affect the viability and expansion of the use of cryptocurrencies. Investors should conduct extensive research before investing in cryptocurrencies.
Information provided by Van Eck is not intended to be, nor should it be construed as financial, tax or legal advice. It is not a recommendation to buy or sell an interest in cryptocurrencies.
All investing is subject to risk, including the possible loss of the money you invest. As with any investment strategy, there is no guarantee that investment objectives will be met and investors may lose money. Diversification does not ensure a profit or protect against a loss in a declining market. Past performance is no guarantee of future results.
Van Eck Associates Corporation
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