cryptopunk
A Bored Ape NFT was sold for $3,000 by accident —one-hundredth of its $300,000 market price. Maxnaut, the unfortunate seller, made the costly typo when listing the NFT for sale and was unable to reverse the transaction due to the unregulated nature of the crypto market. Q3 2021 hedge fund letters, conferences and more Bored Ape BlunderThe NFT was apparently seized by a bot programmed to search for and buy hot deals. The bot buyer paid a gas fee of $32,000 (8 ETH) to speed up the transaction and finalize the purchase on the spot. “I instantly saw the error as my finger clicked the mouse but… it...
ValueWalk
The already booming NFT (non-fungible token) market will experience a massive increase in volume over the next 12 months as more major investors begin to pile in, predicts the CEO of one of the world’s largest independent financial advisory, asset management and fintech organisations. Q2 2021 hedge fund letters, conferences and more The bullish prediction from Nigel Green, chief executive and founder of deVere Group, follows the announcement by Visa that it bought a “CryptoPunk,” one of thousands of NFT-based digital avatars, for nearly $150,000 in ethereum; and as Marvel Entertainment begins ...
ValueWalk
Opensea, one of the first and largest non-fungible token marketplaces has sold out its entire NFT Tulips collection in 2.5 hours, with the highest price of $27,000. More than 50 items were available on the website, with a floor price of 8 ethereum. Q2 2021 hedge fund letters, conferences and more NFT CrazeAccording to Opensea, the collection paid homage to the 16 century investors who risked it all to make a fortune on tulip bulbs upon soaring demand. “Each Tulip is named after a famous Dutch figure. Tulips 1-10, 11-20, 21-30, 31-40, and 41-50 contain tenths of a secret unlockable message.” Th...
ValueWalk
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