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Leading Auction House Sotheby’s Auctions 107 Bored Ape Yacht Club NFTs for $24 Million

The British-founded American multinational corporation headquartered in New York City, Sotheby’s, closed the Yuga Labs “101 Bored Ape Yacht Club” non-fungible token (NFT) collection auction at $24.3 million for the lot. The auction ended on September 10 and surpassed the expected settlement for the NFT lot which was estimated to be around $12-18 million.

The ‘101 Bored Ape Yacht Club’ and ‘Mutant Serum’ NFT Collection Auctions for $24 MillionNFT project the Bored Ape Yacht Club (BAYC) has been a popular non-fungible token collection since the project’s inception. Many of the NFTs have sold for hundreds of thousands of dollars for a single BAYC NFT. There are approximately 10,000 BAYC NFTs in the original collection and 5,423 unique ethereum addresses own at least one BAYC NFT. Onchain statistics show one address owns approximately 105 Bored Ape Yacht Club units and data shows the collection is the fourth largest in seven-day sales this week.Dappradar.com stats indicate that the BAYC collection has seen $44.82 million in sales this week which is down 64% since last week. This week saw 368 BAYC NFT traders, which is around 58% lower than the number of traders the week prior. The $44 million worth of BAYC NFT settlements stemmed from 259 sales this past week. In addition to the BAYC sales on NFT marketplaces, Sotheby’s sold 101 BAYC NFTs for $24.3 million.The lot of 101 BAYC NFTs contained a total of three M1 “mutant serum” NFTs and another three M2 “mutant serum” NFTs. The BAYC NFT collection owner can leverage the M1 and M2 pieces to issue Mutant Ape Yacht Club (MAYC) NFTs. That specific collection (MAYC) is the 11th largest in terms of weekly sales. Metrics show the last seven days saw $24.54 million in MAYC sales between 1,642 traders and across 1,177 sales.

Sotheby’s Knee-Deep in Crypto, Auction Raises BAYC NFT Floor Price Value
Crypto Markets Nosedive – Here’s How Far Bitcoin Can Fall Before Analyst Justin Bennett Flips Bullish on BTC

As the crypto markets plunge alongside stocks and equities, analyst Justin Bennett says he plans on flipping bullish on Bitcoin once it drops to a certain price level.

Expecting a big bounce, the closely followed analyst says he’ll turn net long on BTC when it reaches the $39,000 level, which is about 10% below the current price.

 “As bearish as I’ve been lately (and rightfully so), I do plan on flipping from net short to long near $BTC $39,000 if we get it.

I’m anticipating a decent bounce from there, and I’ll be well positioned in the event the macro picture turns bullish again.”
62% Of Financial Institutions Plan To Invest In Crypto In 2022: Survey

Cryptocurrency investments are becoming more and more attractive to institutional investors who are now looking to grow their revenue long-term by moving into crypto products.

A new survey by European investment firm Nickel Digital Asset Management found that 62% of institutions with no exposure to crypto will make their first investments within one year.

Nickel Digital polled 50 institutional investors and 50 wealth managers across the US, the UK, Germany, France, and the UAE in May and June 2020.
Nearly 45% of Consumers Around the World Will Use Crypto for Payments by 2023: New Study

A new study conducted by an information technology company indicates that crypto payment method adoption is primed to skyrocket in the next two years.

The Capgemini Research Institute surveyed customers and industry stakeholders around the world to provide an analysis of the world’s current payments landscape. The think tank also combed through statistics from the Bank of International Settlements, the European Central Bank, the International Monetary Fund, the World Bank, and other central banks.
Forwarded from TrendGuru AI
​​A lot of good deals in September. Look at one more of them. As always, excellent performance from our TrendGuru AI.

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Closed deal FTM/USDT
Open: $0.26867, 06.08.2021
Close: $1.3955, 08.09.2021
Profit: +419.41%
Duration: 33 days
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What Is FTM?

Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.

The platform’s compatibility with Ethereum means that users can purchase an ERC-20 standard FTM, which is automatically converted to native FTM once received to their wallet. Another version of FTM is available on Binance Chain using its BEP2 standard. Only the native FTM can be used on the Fantom OPERA mainnet itself.

Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional PoS algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.

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