DAO Spends $545,000 to purchase Uniswap v3 Advert NFT

Key highlights:

  • Uniswap’s v3 advert was auctioned off as an NFT
  • Uniswap and the video’s creator “pplpleasr” are donating all proceeds to charity
  • The NFT was purchased for 310 ETH by a DAO particularly shaped for the public sale

NFT of Uniswap advert sells for $545,000 price of ETH

The Uniswap group not too long ago revealed particulars about Uniswap v3, the improve which had been the topic of plenty of hypothesis within the cryptocurrency and DeFi neighborhood. Uniswap v3 can be deployed on layer 2 scaling resolution Optimism, and also will carry main enhancements for liquidity suppliers.

Earlier than revealing the main points about Uniswap v3, the group teased its neighborhood with an animated video that includes Uniswap’s pink unicorn mascot. The video, which was launched with out remark, was carefully examined by neighborhood members because it contained easter eggs and references to the Uniswap v3 improve.

The video, which was very nicely acquired, was created by digital artist “pplpleasr”. She teamed up with Uniswap to public sale the video as an NFT on Basis, with all of the proceeds of the sale going in the direction of charities advocating for Asian Individuals and Pacific Islanders (AAPI).

The red-hot NFT market, the hype surrounding Uniswap v3 and the public sale’s charitable nature have been all components that mixed within the NFT promoting for an enormous $545,000. Plenty of patrons created a DAO (decentralized autonomous group) particularly to have sufficient capital to win the public sale. Dubbed “PleasrDAO”, the group was based by PoolTogether founder Leighton Cussack. PleasrDAO managed to win the public sale with a 310 ETH bid, beating out a consumer who bid 275 ETH.

PleasrDAO has attracted over 30 members, and it may not be performed shopping for NFTs simply but. Alex Svanevik, a member of PleasrDAO, informed The Block that its treasury has round $200,000 price of ETH, which could possibly be used to purchase extra NFTs or fee artworks.

Talking with Decrypt, Svanevik stated the public sale was an instance of cryptocurrency know-how being put in the direction of a great trigger:

“It is a good instance of crypto getting used for good. If she hadn’t performed this, then that half one million {dollars} wouldn’t have been donated.”

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