Treasure:
It’s here! The Atlas mine has finally opened … almost … Unfortunately, the unprecedented demand for the Atlas mine has temporarily caused UI issues impeding a significant portion of users from staking their $MAGIC.
https://twitter.com/Treasure_DAO/status/1486152339580882949?s=20
Benchmarks are set to gauge the performance of an asset relative to the standard. In this space, Ethereum (ETH) serves as the benchmark and altcoins are compared against it. In this respect, $MAGIC has done a phenomenal job surpassing the returns of ETH. This becomes evident through $MAGIC’s record-breaking 0.001535 MAGIC/WETH valuation!
News:
In an effort to establish greater community relations, Opensea has created a support-based Twitter account. Many were dubious of the account’s legitimacy, however, much of the skepticism dissolved upon users realizing that the verified Opensea Twitter account is following this account.
https://twitter.com/opensea_support
Arbitrum, the Ethereum scaling layer upon which TreasureDAO is built, has introduced a new update that reduces the cost of transaction fees. One of the major appeals of scaling solutions built on roll-up technology (e.g. Arbitrum) is the gradual reduction of fees as more users are onboarded.
https://twitter.com/BFreshHB/status/1486057303224856578?s=20
If you’ve been active in this space for the past month, you’ve probably come across the Opensea “bug.” Despite denying any responsibility for the bug, Opensea has offered to reimburse users affected by this unfortunate mishap.
https://blockworks.co/opensea-responds-to-nft-loophole/
Justin Roiland, Frankie, and Davie White collaborate to introduce an innovative solution featuring a “pricing mechanism that aims to sell NFTs at a targeted rate over time.” Essentially, this protocol would employ a dynamic pricing model based on exponential moving sums to control the rate of buying.
https://www.paradigm.xyz/2022/01/constant-rate-issuance-sales-protocol/
“We’re always focused on expanding the YouTube ecosystem to help creators capitalize on emerging technologies, including things like NFTs, while continuing to strengthen and enhance the experiences creators and fans have on YouTube.”
Susan Wojcicki, the CEO of Youtube, published a letter today that acknowledges the benefits offered by NFTs. In particular, the letter hints at the potential implementation and integration of NFTs within the video-streaming platform as a means of strengthening “the connections between creators and their fans.”
https://blog.youtube/inside-youtube/letter-susan-our-2022-priorities/
Notable Sales:
SmolBrains #5847, #1995, and #1723 are sold for a grand total of 47,500 $MAGIC (~$168,625) to 0x8Ba709eAf978FeFaC67f16688b9BB56e58D634c0! Of particular interest, these three SmolBrains all have the pink body trait - the rarest skin colour.
https://marketplace.treasure.lol/collection/smol-brains?tab=activity
CryptoPunk 6275 receives a 1,570 ETH ($3.86 M) bid! The CryptoPunk was previously sold by Pranksy for 1,320 ETH or $5.12 M at the time of the sale!
https://www.larvalabs.com/cryptopunks/details/6275
If you’re interested in learning more or joining a community of NFT traders, head on over to OriginsNFT
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