The central theses
- A tokenized version of Uniswap’s V3 video teaser sold for $ 525,000. A DAO set up to purchase the NFT submitted the winning bid.
- The video’s artist, ppleasr, said the funds would be donated to charities that support ethnic minorities.
- Uniswap announced its highly anticipated V3 update earlier this week. The start is planned for May 5th.
Share this article
Following the Uniswap V3 announcement, an NFT of the video teaser sold for $ 525,000.
Uniswap V3 video is tokenized
An NFT from Uniswap’s V3-Video earned 310 ETH, around $ 525,000 at the time of sale.
The creator of the video pplpleasr Token the piece via the NFT Marketplace Foundation on Thursday. The animation with the title “x * y = k” was initially listed on Friday for 8.88 ETH.
pplpleasr has recently become known for its eye-catching DeFi animations. She has previously created videos for key projects such as Aave, Sushiswap and Yearn.Finance.
The Uniswap V3 video shows a dreamy scene in which a unicorn finds its way to an Ethereum logo that hovers over a lake. It also has several curve formations and ends with a star constellation labeled “V3”.
In one Video explaining the piecepplpleasr said the animation depicts a journey towards “the land promised by Ethereum”. Uniswap’s emblem is a unicorn and the curves shown in the piece relate to the price curve used in Uniswap’s liquidity pools. x * y = k is the equation that determines the price of every asset in a uniswap pool.
The bid for the NFT got hot last night until PleasrDAO received the final bid for the 310 ETH. The DAO was set up specifically for purchasing the NFT.
ppleasr said that she was “indescribably moved” by the sale. She also said she and Uniswap would donate the funds to charities that support Asian Americans, Pacific Islanders and other minority groups in line with Friday # StandWithAsians event.
Uniswap announced its V3 update earlier this week after great anticipation. The next iteration of the protocol is intended, among other things, to offer liquidity providers 4,000 times greater capital efficiency. The launch is planned for May 5th on the mainnet. Some time later, the Layer 2 solution Optimism is restarted.
Disclosure: At the time of writing, the author held that role at ETH and AAVE. They also had contact with UNI, SUSHI and YFI in a cryptocurrency index.
Uniswap V3 offers far higher exposure and lower risk of use
Uniswap has released an overview of V3 of the DEX due to be released on May 5th. Uniswap calls it “the most flexible and capital-efficient AMM ever developed”. …
Pussy Riot Talk NFTs ahead of the big Graffiti Queens Expo
The upcoming Graffiti Queens Expo welcomes some of the leading digital artists in the NFT space. It also heralds some new faces, like the infamous art collective Pussy Riot. We introduce …
What is Dogecoin?
What’s the story behind DOGE? How did it become the preferred asset for a group of retailers versus the establishment in January 2021, and what are the odds …
The New York Times Writer turns the newest column into NFT
New York Times tech writer Kevin Roose marked one of his columns on Ethereum as a non-fungible token (NFT). Historical Tokenized News Article The Buyer Who …