Daily News - March 25, 2022
TLDR:
The Department of Justice launched charges after an NFT “rug pull.” Azuki surge to 17 ETH floor price as the Azuki Garden Party approaches, while XCOPY made $23M in 10 minutes from the sale of MAX PAIN AND FRENS.
Treasure:
The launch of Harvesters will be delayed due to smart contract audits. To prevent unfair advantages, the Treasure team has temporarily paused crafting EXP gains for Legions. To compensate for this delay, the team has reduced the likelihood of breaking Treasures during the crafting process by 50%! (Source)
OpenSea Trading Volume:
Ethereum continues pushing upward, closing the day at $3,096.79 (+4.0%)! Unfortunately, OpenSea trading volume experienced a slight dip in volume to 77.65M (-2.8%).
News:
The Department of Justice launched charges against the creators of Frosties NFT for conspiracy to commit wire fraud and conspiracy to commit money laundering. The charges arise after the founders of the project ran away with publicly raised funds instead of continuing to develop the project. The pair faced decades in prison. (Source)
MAX PAIN AND FRENS by XCOPY was released as an open edition on Nifty Gateway at a price of $3108 USD. Open edition means an unlimited number of NFTs could be minted within a given time frame, in this case, it was 10 minutes. This resulted in the sale of 7394 editions translating to $22.98M in primary sales. (Source)
Pavel Zavalny, the chairman of Russa’s Congressional energy committee, states that the country would be open to accepting Bitcoin as payment for oil and gas exports. (Source)
Pak, the highly elusive yet widely successful artist, teases more information regarding his upcoming Metamorphosis collection! The collection will feature a collaboration with some of the hottest artists including Coldie, Deekay, FVCKRENDER, Lirona, Mad Dog Jones and many others. Each artist will have 250 pieces with a price of 50 $ASH each! (Source)
Garga.eth, the co-founder of BAYC, provides some thoughts on AIP4 (token staking proposal) and AIP5 (staking allocation proposal). In specific, Garga voices his apprehension towards staking NFTs and concerns surrounding the overrepresentation of whales within specific staking pools. (Source)
Snoop Dogg, otherwise known as Cozomo de’ Medici on Twitter, releases a mixtape with Wiz Khalifa available exclusive via $APE token. (Source)
Notable Sales:
levin.eth swept 14 Azukis for a grand total of 213.88 ETH ($663,374.49)! Interestingly, the only other NFTs held by the wallet include 13 BAYC. (Source)