Brother Maji also sweeps the goods? Why did Gitcoin Presents commemorate NFT suddenly become popular?
On March 9th, the Gitcoin Presents commemorative series NFT launched by the decentralized donation platform Gitcoin triggered panic buying in the market after it stopped casting. Even "Brother Maji" Huang Licheng also came to frantically sweep up the goods, which shows how popular it is.
Gitcoin Presents NFT was minted at a price of 0.05 ETH on March 1 by adopting the Open Edition (open copyright) model, that is, the number of minted by users is not limited. As of the early morning of March 9th, the NFT had ended minting with 9,221 NFTs, and each NFT was accompanied by 2 articles from Gitcoin co-founders Kevin Owocki and Scott Moore on quadratic financing.
Among them, 9,209 NFTs are ordinary versions, and the other 12 are limited editions signed by Ethereum founder Vitalik Buterin (V God), which are sold through Dutch auctions. A total of 390 ETH (over $780,000) was raised in this NFT sale. Of this, 70% will go to Gitcoin, 20% will go to the Plurality Institute, and the remaining 10% will go to Metalabel.
The Gitcoin Presents series of NFTs are presented in the form of album covers and are jointly issued by Gitcoin and Metalabel to commemorate Vitalik's contribution to innovative Web3 fundraising and quadratic financing concepts. Gitcoin is one of the representative platforms adopting the quadratic financing mechanism. So far, it has funded more than 70 million US dollars for the open source Web3 tools and projects of the Ethereum ecosystem. , Rob Kalin, founder of the e-commerce website Etsy, etc., aims to help creators use Web3 technology to tokenize their works.
As early as 2018, V God, Harvard scholar Zoe Hitzig, and Microsoft's E. Glen Weyl published a paper "Liberal Radicalism: Formal Rules for a Community-Neutral Society", which discussed how to create public The product provides encrypted funds, but avoids new financing methods that generate "free-riding" behavior.
Although V God did not personally promote it, the Gitcoin Presents series of NFTs sparked a rush of buying in the secondary market. OpenSea data shows that as of the publication, the sales of Gitcoin Presents exceeded 6,900 ETH, and the number of currency-holding addresses was nearly 3,600, of which the number of giant whales and blue-chip holders accounted for 10%. The floor price was once close to 0.6 ETH. Although it has fallen back, it is still more than 8.6 times higher than the issue price. The limited signature version NFT of Gitcoin Presents was sold at a high price of 52 ETH on OpenSea, which is enough to show the influence of Vitalik.
It is worth noting that, in addition to the address starting with "0xb6c" who once minted NFTs with an excess of about 8% of the total supply, Taiwan's well-known entertainer "Brother Maji" Huang Licheng also purchased more than 800 Gitcoin Presents within a few hours, and then in The sale on the NFT trading platform Blur may have an important relationship with the Blur airdrop points.
Data source: Nansen
"This raises over $700,000 for public goods funding and opens up new discoveries about great creative work in recorded formats, an exciting new way for creators to publish and fund work Way." Metalabel said when accepting Decrypt.
