The first WNBA team to issue NFT, is Dorsey's tweet priceless or worthless?

The non-fungible token (NFT) of Twitter founder Jack Dorsey's first tweet on Twitter is currently trying to attract bids, but the bids are only 1% of last year's selling price .

About a year ago, on March 22, 2021, the iconic "genesis tweet" was sold for 1630 ETH, worth $2.9 million. The highest bid currently auctioned on NFT marketplace OpenSea is 10.3 ETH, worth about $31,739.

Genesis tweet by founder Jack Dorsey on Twitter

The owner of the NFT, Bridge Oracle founder Sina Estavi, hopes the tweet will bring in at least $50 million, tweeting on April 7 that he will give away half of it after the auction ends. Donate to charity.

Estavi appears to have grossly overpriced the tweet. When he initially listed the NFT on OpenSea, the highest bid was around $277. Currently, the average bid is around $8,731.

The lack of interest in this piece of social media history may be a symptom of a general waning froth across the crypto industry. Although NFT trading volume has been on the rise over the past month, it remains well below all-time highs. Trading volumes on Bitcoin, Ethereum, and decentralized exchanges (DEXs) have also been declining.

Using NFT art to support Ukrainian refugees

Four Sydney-based Ukrainian artists are using the popularity of NFT digital art to raise funds to aid more than five million refugees from the beleaguered country.

The OpenYourHeart campaign hopes to raise at least $5 million through the sale of four limited-edition NFTs, along with ETH donated to Habitat for Humanity. The artworks will be sold at an auction on May 5.

Olena Vigovska, one of the four artists, believes the sale offers him a way to help his fellow countrymen and family in his home country.

"My friends and relatives are still in Ukraine and any opportunity to help them is precious."

NFT artwork "Towards the Light", created by Ukrainian refugee Tetiana Koludenko

The four works will include three paintings and a photograph, heavily incorporating the blue and yellow colors of the Ukrainian flag. The auction will be conducted online and the gallery will be located in Australia.

First WNBA team to issue NFT

The New York Liberty of the Women's National Basketball League will kick off its 26th season in the league by releasing an NFT to commemorate their opener at home against the Connecticut Sun on May 7.

400 NFTs will be minted ahead of the competition and sold on Polygon for $50 each. Purchasing tickets to the game and whitelisting wallet addresses before May 1st will give you a free NFT. Tickets start at $55.

OKcoin will launch NFT marketplace

Cryptocurrency exchange OKcoin is launching its own NFT marketplace, which OKcoin says will have zero fees and no limits on the royalties creators can earn on secondary purchases.

OKcoin CEO Hong Fang announced the launch of the marketplace on April 19, saying that the exchange will issue an exclusive series of NFTs that members on the waiting list will get early access to.

Fong said that by increasing the creator royalty cap, the marketplace will further “empower creators with NFTs, just as blockchain technology empowers financial freedom with cryptocurrencies.”

Other NFT News

American cryptocurrency exchange Coinbase has launched a beta version of its long-awaited NFT marketplace. Currently limited functionality will allow early testers to buy and sell NFTs, and create online profiles.

The venture capital arm of cryptocurrency exchange Kucoin has committed $100 million to help artists and creators scale their businesses and reach a wider audience. The funds will be pegged to the exchange’s own NFT marketplace, competing with similar marketplaces from OKcoin and Coinbase.

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