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Defi Raf is linked to multiple NFT projects on BNB Chain. In this interview, he talks about his NFT journey, his experience with GameFi, and more.
Defi Raf Talks BNB Chain NFTs
BNB Chain is steadily making a name for itself in the Non-Fungible Token (NFT) space, an area that has been dominated by collections on Ethereum and Solana.
Many project developers, community managers, and influencers are actively working to take the narrative of BNB Chain NFTs forward. Today our NFT Influencer Spotlight is on Defi Raf.
Defi Raf is working on his NFT GameFi project called Chain Legion. But apart from that, he is also the community manager for Haddie’s Bay Club and DezBet, and a moderator for The Non-Fungible Lounge and DegenApeClub.

BSC News sat down with DeFi Raf to learn about his NFT journey and his thoughts about building a GameFi project.
‘Big NFT Boom Last Year’
Q: How did you end up in the NFT ecosystem?
A: My journey into crypto began over a year ago. During the big, crazy bull run of 2021, I got into crypto as Bitcoin and Dogecoin ran rampant. The time was crazy, with projects launching every day and crashing. I then began gambling on a few coins with some success and some failures.
After that, I began to meet people, got involved in different communities, and even participated in a few projects. As a result, I formed relationships with other people and the NFT project team members.
When there was the big NFT boom last year, I decided to focus on that, mainly because the communities were so much warmer and more inclusive; I'd say closer-knit. As I gained some experience, I began interviewing project teams, seeing what worked, and, most importantly, what didn't.

Q: This is great. Also, you are developing your own project, Chain Legion. How did you end up working on this project?
A: Our goal was to make a sound, legit project. An actual programmer friend of mine has been working in crypto for a long time. So we decided that we wanted to do our own project.
It was our idea to have an NFT project that would be used in a game, and we also wanted it to be an RPG. Users can train and level up their NFTs, build their attributes, and choose whether their character will be easy or challenging. I know more RPG stuff like that, so we adapted it into a BNB Chain NFT browser-based RPG.
Eventually, we intend to expand this to include a player guild. There’s already a storyline, but it hasn't been released yet. Our goal is to have different groups leading this Chain Legion Universe so that the players themselves will determine the direction in which the story of the Chain Legion universe will unfold.
‘GameFi NFTs Should Feel Useful’
Q: Based on that, what do you think makes a good GameFi NFT project?
A: First of all, good art. In my opinion, it must look good. Unfortunately, there are a lot of people who just jump onto projects blindly. Even though these are supposed to be about art, sometimes it feels like people ignore it completely.
Further, it should be relative to the game itself. If you look at the NFT in itself, it has to be actually useful. When it comes down to it, if you could just play the game without the NFT, then I believe an error has been made. Thus, it needs to be useful.
In a game like Chain Legion, you can evolve or upgrade the NFT within the game or use the NFT with the game. Therefore, it's important to consider what attributes you choose to build your NFT character.
That ties back to what I said: that the GameFi NFTs should feel useful and have actual utility in the game. There shouldn't be a sense that the NFT is just there to fill the pockets of developers. Instead, when a whole game is made for its utility, it should be at the center of the project.
Q: Those are some pretty good insights for GameFi NFTs. As you know, many NFT projects are currently based on the Ape narrative. Like you are also connected to two projects, like Degen Ape Club and Ape Fam Elite. Some people like that, but others say it is very monotonous. So, what do you think about that?
A: I've got to split between both, really. In a way, it's overdone, there are so many apes on the market. However, although I don't think people should constantly come up with apes in the crypto scene, I understand why they want to since the Ape theme has been central to NFTs for some time.
They really want to mimic the craziest story of the Bored Yacht Ape Club. My opinion is kind of in the middle - it's overdone, but I also understand why people enjoy it.

‘NFT Alliances Helped Bring People Together’
Q: How do you think NFT Alliances, like BNGA, can be essential in bringing more value to NFT projects?
A: I think this is great where different projects and teams come together before minting to help each other, whether through marketing, hosting AMAs, or similar things. This helps in more than one way for projects that may not have much marketing funding.
Project owners can also ask for ideas like, “Hey, do you guys think this is good or not?” People say “Yes” or “No” and give valuable tips to boost the projects. As a result, these kinds of NFT alliances helped bring people together to find new solutions for their projects.
Q: What do you think is the most effective blockchain network for NFTs?
A: I would have to say Ethereum is still the king in that area and probably the most effective one right now. Furthermore, Solana has evolved a lot over the past year and is trying to catch up with Ethereum. However, Solana has a lot of problems, including a constantly down network and recent hacks.
Ethereum is my number one pick, and I'm split between Solana and the BNB Chain for number two. Project-wise, as well as community-wise, the BNB Chain has been in a whirlwind of activity. It's been going crazy, and I believe this year will be even crazier for the BNB Chain.
‘Dude, Come on. Don't Be so Humble.’
Q: What are your favorite collections on BNB Chain?
A: Wow. That's difficult, I like a lot of them, I won't say I have a definite favorite one, but I love Degen Apes. I liked the Pixel Sweepers; the volume they did while minting is impressive. And before, there was the big BTC dump, but still, the volume was going insane. Also, the 3D art done by Cecy Meade for the Pixel Sweepers is excellent.
I also love the Bull Society. I have minted like five of them. I was there when they were still minting and have followed them since, especially because I met a great friend whom you probably know through the Bull Society. We hear his name all the time when it comes to the BNB Chain NFTs: he’s Dehuffski.
He is undoubtedly an inspiration for me, even though he will turn around and say I am an inspiration to him. And I'm like, “Dude, come on. Don't be so humble.”
I love Chain Legion. It's my own project. That's a biased opinion, of course. I'm also enjoying the GDogz and their miner. Also Little Ghosts, I have probably 80 of those in my collection, and I can't wait to play their game. I hope I don't miss anyone. I mean, there are so many good projects on the BNB Chain.
I would also like to give a massive shoutout to the head of the Haddie’s Bay Club, and I am actually involved in that project. So I do my community management and advise them with the project ideas and leads. So Haddie’s Bay Clubs definitely on my list as well? More so because it's actually been funded by an IRL, Get Maine Lobster. So it's a lobster fishing company that also serves lobster dishes to clients.
They decided to create their own NFT based on their famous lobster Hattie, a one-of-a-million, one-of-a-kind, special kind of blue lobster that you can only find in one in a million lobsters. And their idea for this project is that the NFT holders will get real-life benefits from them.

Q: How do you manage all responsibilities as you are the developer of one project, CM of Haddie’s Bay Club and DeZBet, and moderators for others?
Due to Web3 being a full-time job and projects having a bit of "down" time, I can fit them all into my schedule. In addition, moderating usually ensures that the group is safe and clean, so it's not too time-consuming or challenging! Nevertheless, I wish days were longer, and we had more than 24 hours so that I could have time for everyone.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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The Memecoin Hype: How Social Media Drives Frenzies and Price Surges

Uncovering the rise of memecoins, their reliance on social media platforms like Reddit and TikTok, and the cautionary factors investors need to consider.
TL;DR:
- Memecoins, cryptocurrencies based on memes, have gained massive attention and generated price surges.
- Social media platforms like Reddit and TikTok are crucial in promoting memecoins and creating frenzies.
- FOMO drives retail investors to rush into memecoins, but they often lack fundamental value and carry high risks.
- While price surges can occur, memecoins are volatile, and investors should approach them with caution, conducting thorough research and diversifying their portfolios.
Memecoins have taken the world by storm, drawing massive attention and generating unprecedented price surges. What sets them apart from traditional cryptocurrencies is their reliance on social media platforms for promotion and the subsequent frenzies they create.
This article explores the memecoin hype and how social media plays a pivotal role in driving these frenzies and price surges.
The Rise of Memecoins
Memecoins, as the name suggests, are cryptocurrencies primarily based on memes or internet culture. They typically gain popularity through viral internet trends and memes, which are shared and spread rapidly across various social media platforms.
One of the earliest and most well-known memecoins is Dogecoin, which started as a joke in 2013 but has since gained a dedicated following and achieved substantial market capitalization.
The Power of Social Media
Social media platforms like Reddit, Facebook, Twitter, and TikTok have been breeding grounds for memecoin hype. These platforms allow users to share ideas, content, and investment tips with a vast audience. When a memecoin catches the attention of influential individuals or gains traction within online communities, it can rapidly snowball into a social media frenzy.
The influence of social media platforms on memecoins cannot be understated. They create an environment where trends can be born and spread rapidly, leading to a surge in demand and subsequent price appreciation.
The Frenzy Begins
When a memecoin gains traction on social media, it often leads to a frenzy among retail investors. FOMO, or the Fear Of Missing Out, kicks in as individuals witness others making substantial gains quickly. As a result, people rush to buy into the memecoin, hoping to ride the wave of hype and turn a quick profit.
This behaviour is not without risks. Memecoins often lack fundamental value and are driven solely by speculative demand. Investors can easily get caught up in the excitement, disregarding traditional investment principles and the potential risks. In contrast, some individuals manage to make significant profits.
Price Surges and Volatility
The frenzies created by social media can lead to massive price surges for memecoins. These price spikes are often irrational and detached from any underlying fundamentals. The combination of high demand, limited supply, and speculative trading can create a perfect storm that drives prices to unprecedented levels.
However, the volatility of memecoins is a double-edged sword. While some investors benefit from the price surges, others suffer significant losses when the bubble eventually bursts. Moreover, the market corrections following such surges can be swift and severe, leaving investors scrambling to exit their positions.
Investing in Memecoins: Proceed with Caution
For those considering investing in memecoins, it's crucial to approach the market with caution and a healthy dose of skepticism. While some individuals have made significant profits during the hype, it's essential to understand the risks and speculative nature of these assets.
Here are a few factors to consider before diving into memecoins:
1. Do Your Research: Before investing in any cryptocurrency, including memecoins, thoroughly research the project, its underlying technology, and the team behind it. Understand the tokenomics and assess the potential long-term value.
2. Be Mindful of Hype: Don't let FOMO drive your investment decisions. Just because a memecoin is gaining attention on social media doesn't guarantee its long-term success or value. Separate genuine potential from mere hype.
3. Diversify Your Portfolio: Investing solely in memecoins is highly risky. Instead, diversify your investment portfolio by including established cryptocurrencies with solid fundamentals and other traditional assets.
4. Set Realistic Expectations: Memecoins can experience extreme volatility, so it's essential to set realistic expectations and not invest more than you can afford to lose. Avoid investing your life savings or funds meant for essential expenses.
5. Stay Informed: Keep up with the latest news, market trends, and regulatory developments. Then, stay vigilant and be prepared to adapt your investment strategy accordingly.
Conclusion
The memecoin hype driven by social media has undeniably captured the attention of the cryptocurrency world. These assets, often born out of internet culture and viral trends, have witnessed meteoric price rises, creating excitement and concerns. However, while the social media-driven frenzy can offer opportunities for profits, it also carries significant risks and ethical implications.
Investors must exercise caution, conduct thorough research, and approach memecoins with a level-headed mindset. The memecoin phenomenon serves as a reminder that, in the rapidly evolving landscape of cryptocurrencies, critical thinking and due diligence are paramount to navigating the market's ever-changing tides.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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