OpenSea collector pays 100 ETH for a free NFT: Nifty Newsletter, April 5–11
In this week’s newsletter, find out why a nonfungible token (NFT) collector paid $192,000 for a free NFT. Check out how community members responded as Reddit deployed its contract for its Gen 3 NFT avatars, and how a previously unreleased David Bowie track has been turned into an NFT. In other news, discover how LooksRare plans to compete with rival NFT marketplaces through a new upgrade, and how NFTs can unlock a biodegradable vinyl record.
Social media forum site Reddit has recently deployed the smart contract for its third-generation digital collectibles known as Reddit Avatars. The contract was deployed on the Polygon blockchain, with community members excited for the much-awaited drop.
Some praised the discussion website’s marketing efforts to change the dominant narrative within its platform, with many anti-NFT community members becoming neutral and pro-NFT through Reddit Avatars.
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An NFT collector has seemingly mistakenly bid 100 Ether (ETH), worth around $192,000 at the time of writing, for a free NFT released to celebrate the launch of OpenSea Pro.
Some community members believe the transaction was a wash trade, while others argued that the trader mistakenly bid 100 ETH instead of $100. Meanwhile, another community member argued against theories that it was a wash trade since it was too risky.
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Legendary singer David Bowie’s “Let’s Dance” has had a previously unreleased version become part of a limited edition NFT collection. Gala Games subsidiary Gala Music collaborated with Larry Dvoskin and Warner Chappell Music to make the unreleased version of the song an NFT.
In addition, Gala Music revealed plans to launch NFTs of artworks inspired by the singer on April 14, the 40th
Read more on cointelegraph.com
