Mid-range luxury brand Lacoste has launched an NFT project called "Undw3," which includes a new decentralized autonomous organization (DAO) that will give token holders access to certain products. and voting rights for business partners.
There are 11,212 NFTs in total, a nod to the company’s popular polo shirt L1212, which went on sale yesterday for 0.08 ether (ETH), or about $96 each.
The NFT depicts an animated crocodile with its head sticking out of the water. These collectibles appear to be in high demand, as they have more than doubled in price on OpenSea and are currently at 0.193 ETH ($233).
Lacoste has yet to release full details of its roadmap, or NFT utility functions, but has confirmed that the DAO will enable users to participate in the "creative process" of a range of products and collaborations with Lacoste Underwater.
Holders will also gain access to unique customization features from the Lacoste clothing line, though it's unclear whether they'll cost money to purchase the product or will receive a certain amount of freebies.
Lacoste also hinted via Twitter that it might consider integrating the Metaverse as well, but noted that "we can't say much more than: get ready."
While the floor price of Yuga Labs’ Bored Ape Yacht Club NFT project fell to about 86 ETH (less than $100,000) this week, investor BoredWEB3 bought Ape overnight for 1,024 ETH ($1.22 million) #7537.
This means that the seller DB1C00 made a huge profit of 921.12 ETH, which is about $914,000, because he originally bought this NFT on March 22 for 102.88 ETH (worth $305,553). Prior to this, the price of this NFT was only 40.99 ETH 8 months ago.
BAYC NFT #7537: DappRadar
It’s unclear what prompted people to pay over $1 million for an NFT in a bear market, but this BAYC NFT has some relatively rare features, including a police motorcycle helmet (1% of NFTs have this feature) , bullet belts (2% have this trait), and closed eyes (7% have this trait).
Microsoft co-founder and billionaire Bill Gates slammed the NFT project as "based on even more stupid theories."
He made the remarks Tuesday at the California Climate Conference hosted by TechCrunch. At the meeting, he noted that he was neither long nor short the industry as a whole, sarcastically saying:
"Clearly, an expensive digital sub-picture of monkeys would greatly improve the world."
Gates is a well-known cryptocurrency skeptic who has repeatedly slammed Bitcoin (BTC), most recently in February, warning investors that unless they have as much money as Elon Musk, they should Stay away from bitcoin.
“I’m bearish on bitcoin, my general thought is: If you have less money than Musk, you should probably be careful,” he said.
Colorado Governor Jared Polis, a Democrat, has launched a 2022 NFT sale as part of a fundraising drive ahead of the Colorado gubernatorial election in November.
The NFT depicts Polis standing in front of a rainbow-coloured mountain, a pair of dangling sneakers, and his dog, Gia, a dog that shoots red lasers. Launched on June 13, the NFTs cost $52.80 each.
At the time of writing, 1,895 NFTs are still for sale, and if they were all sold, Polis would have raised roughly $118,893 from the fundraiser.
OpenSea announced Tuesday that it will migrate to the Seaport protocol. The protocol also offers a number of benefits, including lower gas fees, the ability to quote entire collections, elimination of new account initialization fees, and more user-friendly signing options.
The U.S. Securities and Exchange Commission (SEC) has reportedly launched an investigation into how crypto exchanges and potentially NFT platforms prevent insider trading.
Russian President Putin accuses the US of attempting to block Russia's payments to China and other countries. Putin claims: "This is truly stupid and a huge mistake by the American political elite because they are causing themselves enormous harm."
MiyukiA 16-year-old genius from China bought Bitcoin for $10 in 2010 and later established a well-known trading platform. However, due to three hacker attacks, a staggering $7.2 billion worth of Bitcoin was lost.
WeiliangOpenAI has suspended the ChatGPT voice model ‘Sky’ due to its uncanny resemblance to Scarlett Johansson, emphasizing that AI-generated voices should not intentionally imitate those of celebrities.
KikyoNeuralink gains FDA approval for second brain chip implant, aiming to expand trials with plans to target ten participants. While facing criticism for transparency and safety concerns, the company's progress offers hope for individuals like Noland Arbaugh, demonstrating potential life-changing improvements in quality of life.
WeatherlyThree insiders revealed that on Monday, officials from the U.S. Securities and Exchange Commission (SEC) unexpectedly requested Nasdaq and the Chicago Board Options Exchange (CBOE) to quickly update and revise their spot Ethereum ETF listing application documents. This is a requirement typically made before approval, suggesting that the agency might be preparing to approve these companies' applications.
AlexThe U.S. Securities and Exchange Commission is reportedly set to approve an Ether spot ETF as soon as Wednesday. Fidelity has amended its S-1 filing, and Ether surged past $3,840 upon hearing the news before pulling back.
MiyukiThe Trump campaign team announced it will start accepting cryptocurrency donations to attract younger voters. The plan involves accepting various digital assets, including Bitcoin and Ethereum, through the Coinbase platform.
WeiliangPelosi is considering supporting the Republican crypto bill, which means she will oppose the Democrats' vote.
AlexBlackRock's Bitcoin ETF garnered $290 million, capturing 95% of U.S. spot Bitcoin ETF inflows and pushing total inflows past $300 million, significantly boosting market momentum.
MiyukiU.S. prosecutors demand a 5-7 year sentence for Ryan Salame, citing his role in FTX's collapse and the embezzlement of $10 billion, contrasting with defense calls for 18 months.
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