Daily News - February 24, 2022
Treasure:
Following allegations of fraudulent randomization for minting NFT, TreasureDAO’s community members clear up misconceptions. In specific, the TreasureDAO team was unable to use Chainlink’s Verifiable Random Function (VRF) because it isn’t available on Arbitrum - instead, they opted to use a different random number generator.
https://twitter.com/KyleSt4rgarden/status/1496226717027172352s=20&t=bmtW3Q_hjMlSockp1QCCKg
Opensea Volume:
Following the Russian invasion of Ukraine, the global cryptocurrency market cap is down 9.2%. In specific, Ethereum is trading at $2,350.33 (-12.0%), while OpenSea trading volume saw a local top due to the release of Tubby Cats and Invisible Friends.
Alert:
Proof Collective, a Web3 community by Kevin Rose, posts a job listing for an NFT Research analyst. For those interested, feel free to apply using the link listed below!
https://twitter.com/ryancarson/status/1496655075606941697s=20&t=hE5tl30_qke0QopHAu9XUw
News:
TubbyCats public mint fell victim to a botting incidence, in which, a wallet minted 950 Tubby Cats for 304 ETH (~$824,000 USD). To facilitate this exploit, the wallet paid 204.087 ETH ($553,064.19 USD) in gas fees - roughly translating to 0.32 ETH per Tubby Cat.
https://twitter.com/cr0ssETH/status/1496530022491955204s=20&t=w7AfIuWKNJYNLM43FtehEQ
Today was supposed to be a monumental day for the CryptoPunk community, as Sotheby’s was planning to auction a lot of 104 CryptoPunks. At the very last moment, 0x650d, the owner of the CryptoPunks, decide to cancel the auction to prevent the collection from entering into the hands of the Yale Endowment Fund.
https://twitter.com/0x650d/status/1496646517003800578s=20&t=w7AfIuWKNJYNLM43FtehEQ
Gold Invisible Friends, a 1/1 piece by Markus Magnusson, is sold for 496.69 ETH ($1,263,152.21 USD) to ZeroSalt420. Proceeds from the sale will be direct to the RCC charity fund!
https://twitter.com/InvsbleFriends/status/1496599793229086724s=20&t=w7AfIuWKNJYNLM43FtehEQ
Yearn is officially available on Arbitrum!
https://twitter.com/iearnfinance/status/1496577884802060288s=20&t=w7AfIuWKNJYNLM43FtehEQ
Notable Sales:
TubbyCats 2503, a 1/1 by VKR, is sold for 25 ETH ($58,516.00 USD) to nfd.eth!
https://opensea.io/assets/0xca7ca7bcc765f77339be2d648ba53ce9c8a262bd/11821