Good Morning. This is the BlockHunt. Today we have juicy and crispy news just like perfectly cooked bacon with eggs in the morning.
Here's what we got for ya today:
- Crypto whale, DJ Seedphrase sells rare NFT for $4.4M
- Meta announced sharing and crossposting NFTs on Instagram
- Meme Of The Day
CRYPTO WHALE, DJ SEEDPHRASE SELLS RARE NFT FOR $4.4M
See the image above? Good.
You're looking at 3,300 ETH or $4.4M at the moment.
DJ SeedPhrase, early bitcoin investor and famous personality within the NFT community just sold his CryptoPunk 2924 to a buyer in Texas for 3,300 ETH.
It all started in November 2020 when DJ SeedPhrase bought The Punk, one of only 24 Apes punks, for 150 ETH. He currently owns 20 other punks including his signature CryptoPunk 8348.
CryptoPunk NFTs importance?
- Started modern crypto art movement
- Known for making millions in resales
- In June 2021, CryptoPunk 7523, known as Covid Alien, sold for $11.7M
Why does it matter?
The sale of Punk 2924 is very remarkable because it happened during the "crypto winter" as crypto prices have plummeted and NFT sales have practically stopped.
META ANNOUNCED SHARING AND CROSSPOSTING NFTS ON INSTAGRAM
Big news for users in the U.S.
Instagram users can now connect their crypto wallets and share their NFTs.
This feature has been in testing since May and now finally all users in the U.S. can connect their wallets from Coinbase, MetaMask, Trust, and Dappers Labs to Instagram.
Some users already on twitter expressed their concerns about the safety and privacy of the data since Facebook had a major leak of personal information for over 500 million users.
Meanwhile, the CEO of Facebook, Mark Zuckerberg sold an NFT of his childhood baseball card for $105,000. Nice one, Mark!
Bitcoin is unable to break and hold $20,000. Professional traders are skeptical and derivatives data shows that a reversal of the trend is highly unlikely.
Crypto lending thriving in Latin America. While it's not easy to borrow money from traditional banks, more people have turned to crypto.
Solana NFT game Star Atlas successfully launches a demo on Epic Games Store.
NFTs disrupting Gaming Industry? Many crypto users would disagree though.
Top Crypto projects to track for the next bull run. Bankless recommends some good projects, check it out.
MEME OF THE DAY
That's all for this week. Stay hungry and see ya next week!
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.