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In this week’s newsletter, work astir however a whale sold 1,010 nonfungible tokens (NFTs) wrong 48 hours. The Blur NFT marketplace captured the space’s attention, and the manuscript that coined the word “metaverse” is being auctioned by Sotheby’s. In different news, find retired users’ motivations down their NFT purchases, and don’t hide this week’s Nifty News, featuring a Twitch streamer earning 1,000 ETH successful speech for the Golden Key NFT.
Whale sells 1,010 NFTs successful 48 hours successful ‘largest NFT dump ever’
NFT whale Jeffrey Hwang, besides known arsenic Machi Big Brother, sold 1,010 NFTs wrong 48 hours. The NFTs were exchanged for 11,680 Ether (ETH), worthy astir $18.6 cardinal astatine the clip of the sale. Some NFTs sold were from salient NFT collections similar Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC) and Otherdeed NFTs.
In a Twitter thread, Andrew Thurman, from on-chain analytics steadfast Nansen, pointed retired that the determination could beryllium the “largest NFT dump ever.” Following the dump, Hwang bought backmost 991 of the NFTs, starring Thurman to judge that it was a “big lavation trade” to make profits from the Blur airdrop.
Blur laminitis Pacman puts the NFT marketplace warfare into perspective
In a caller occurrence of the Hashing it Out podcast, Blur laminitis Pacman joined Cointelegraph’s Elisha Owusu Akyaw to explicate however the NFT marketplace captured the attraction of the full NFT space.
According to Pacman, Blur created a marketplace that targets nonrecreational traders. This attack vastly differs from different platforms that absorption connected providing a much elemental idiosyncratic experience, which aims to pull newcomers wrong the space.
Snow Crash manuscript that coined the word ‘metaverse’ to beryllium auctioned by Sotheby’s
Neil Stephenson’s Snow Crash — recognized arsenic the publication that coined the word “metaverse” — volition soon beryllium auctioned by creation broker Sotheby’s. The bidding started connected Feb. 27 and volition extremity connected March 6.
The auction is portion of a bid dubbed “Infocalypse,” which includes six carnal and six integer items related to the book.
74% of survey participants accidental they bargain NFTs for status
Metaverse level Metajuice surveyed much than 6,000 NFT users to find the motivations down their NFT purchases. The results showed that astir 3 of 4 collectors bargain NFTs for presumption and uniqueness.
Metajuice president John Burris said that radical privation to ain items that “increase their perceived status” and however they look wrong the metaverse. The enforcement besides added that NFTs are a “key part” of this.
Nifty News: Yuga Labs jumps connected Ordinals hype, Dookey Dash cardinal sells for 1,000 ETH
Twitch streamer Kyle Jackson, who won the Golden Key NFT aft getting the highest people connected the Dookey Dash game, sold the token for 1,000 ETH, worthy astir $1.6 cardinal astatine the time. Meanwhile, BAYC creators Yuga Labs announced a caller NFT postulation called TwelveFold connected Bitcoin Ordinals.
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Thanks for speechmaking this digest of the week’s astir notable developments successful the NFT space. Come again adjacent Wednesday for much reports and insights into this actively evolving space.
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