Daily News - January 14, 2022
Treasure:
Legion Genesis officially hits an ATH floor price of 7,300 $MAGIC ($18,396). The All-Class Legion Genesis have achieved a floor of 59,800 $MAGIC ($145,314) with only 7 listings remaining until a 100,00 $MAGIC ($243,000) floor - officially flipping Bored Ape Yacht Club!
https://marketplace.treasure.lol/collection/legions-genesis?tab=collection
TreasureDAO teases Bridgeworld, the flagship project on Treasure that’ll incorporate $MAGIC, Treasure NFTs, and Legions to create a dynamic and engaging P2E experience.
https://twitter.com/Treasure_NFT/status/1481787217404215299?s=20
If you were there for the Curve Wars, get ready for the $MAGIC wars. Feline, a community member of TreasureDAO, draws a comparison between sub-DAOs or guilds and protocols that compete to control emission - only this time for $MAGIC instead of $CRV.
https://twitter.com/BowTiedFeline/status/1481708455773847556?s=20
News:
Liquidity is the lifeblood of any asset. Unfortunately, a few traders were sacrificing during the beginning of the $WTF airdrop due to the lack of liquidity. Many users on Twitter have been vocal about conditions surrounding the airdrop include a 0.01 ETH service fee, 4% transfer fee, and lack of pre-existing liquidity pools.
https://twitter.com/Substreight/status/1481785115629875201?s=20
Time Studios, the film and TV production division of Time Magazine, has committed to developing two animated series based on the Smilesssvrs and Toy Boogers NFT collections.
https://www.hollywoodreporter.com/business/digital/time-studios-nft-kids-smilesssvrs-dougs-toy-boogers-1235074301/
Snoop Dogg, Robert De Niro, and Neil Strauss all have what in common? It’s $LIT of course! From claims of being a “rug” to becoming an adored cultural currency, $LIT has made significant strides within Web3. In their latest medium article, the team announces the creation of a DAO that’ll serve to invest in creative professionals from the $LIT community.
https://medium.com/@LITWTF/lit-welcome-to-the-worlds-first-cultural-currency-f06b6dc09f72
NFTWorlds update their documents to explain the mechanism underlying gasless transactions fees for in-game purchases.
https://docs.nftworlds.com/nft-worlds-usdwrld-token/tokenomics-and-distribution#gasless-in-game-transactions
Despite its ban on cryptocurrencies, China introduces its state-backed Blockchain Services Network (BSN) to capitalize on the emerging NFT market. This blockchain is a modified version of Ethereum and Corsa, however, it doesn’t support any other cryptocurrencies.
https://markets.businessinsider.com/news/currencies/china-nft-blockchain-ban-cryptocurrencies-state-run-digital-assets-2022-1
Notable Sales:
Bored Ape #6657 is sold for 175 ETH ($574,493.50) to 7btc.eth. The buyer now has 3 BAYC and 1 CryptoPunk.
https://opensea.io/assets/0xbc4ca0eda7647a8ab7c2061c2e118a18a936f13d/6657
Legion Genesis Fighter 4 is sold for 30,000 $MAGIC ($75,600).
https://marketplace.treasure.lol/collection/legions-genesis/86
If you’re interested in learning more or joining a community of NFT traders, head on over to OriginsNFT