BlocksInform
In this week’s newsletter, read about how a whale sold 1,010 nonfungible tokens (NFTs) within 48 hours. The fuzzy nft market caught the attention of space, and the manuscript which invented the term "metaverse" is auctioned off by sotheby's. Elsewhere in the news, discover the motivations of users for their NFT purchases, And remember the good news this week, with a streamer that wins 1000 eth in return for the nft golden key.
Whale sells 1,010 NFTs in 48 hours in ‘largest NFT dump ever’
NFT whale Jeffrey Hwang, also known as Machi Big Brother, sold 1,010 NFTs within 48 hours. NFT was traded against 11680 ethers (), valued at approximately $18.6 million at the time of sale. Some of the NFT sold came from important NFT collections such as the annoyed monkey nautical club (bayc), the mutant monkey nautical club (mayc) and other NFT.
Within a Twitter feed, andrew thurman, of the nansen chain analyst, stressed that the movement might be the "greatest NFT discharge ever." after the discharge, Hwang has purchased 991 NFT, leading thurman to believe that it was a "great washing business" to generate profits from the fuzzy airflow.
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Blur founder Pacman puts the NFT marketplace war into perspective
In a recent episode of the Hashing it Out podcast, Blur founder Pacman joined Cointelegraph’s Elisha Owusu Akyaw to explain how the NFT marketplace captured the attention of the entire NFT space.
According to Pacman, fuzziness has created a market that targets professional merchants. This approach differs greatly from other platforms that aim to provide a simpler user experience, thereby attracting newcomers to space.
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Snow Crash manuscript that coined the term ‘metaverse’ to be auctioned by Sotheby’s
Neil Stephenson’s Snow Crash — recognized as the book that coined the term “metaverse” — will soon be auctioned by art broker Sotheby’s. This auction began in February. 27 and ends on the 6th of March.
The auction is part of a series called "infocalypse", which consists of six physical and six numerical elements linked to the book.
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74% of survey participants say they buy NFTs for status
Metaverse platform Metajuice surveyed more than 6,000 NFT users to determine the motivations behind their NFT purchases. The results showed that nearly three of the four collectors purchase NTFs for status and uniqueness.
Metajuice chairman john burris says that people want to possess elements that "increase their perceived status" and the manner in which they appear in the metaverse. The executive also said that the NFT is a "key element" of this.
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Nifty News: Yuga Labs jumps on Ordinals hype, Dookey Dash key sells for 1,000 ETH
Twitch streamer Kyle Jackson, who won the Golden Key NFT after getting the highest score on the Dookey Dash game, sold the token for 1,000 ETH, worth around $1.6 million at the time. Meanwhile, bayc yuga makers laboratories has announced a new NFT collection called twelvefold on Bitcoin ordinaux.
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Thanks for reading this digest of the week’s most notable developments in the NFT space. Check back next Wednesday to learn more about this space in full evolution.
