An Animated Video Dedicated To The Upcoming Release

An animated video dedicated to the upcoming release of the third version of the Uniswap exchange was sold using a non-fungible token (NFT). Since being posted on Twitter, it has been viewed over 650,000 times.

The video was created by the artist pplpleasr1, and for its sale she earned 310 ETH worth $ 520,000 at the current exchange rate. The acquirer was pleasrdao, a decentralized autonomous organization (DAO), an acquisition-oriented NFT. According to the participants, the DAO was created spontaneously to win the auction. The proceeds from the sale of NFT pplpleasr1 intends to donate to the organization for the protection of the rights of Asians in the United States “Stand With Asians”.

 

“Pplpleasr has created the most iconic of all time on any NFT blockchain,” said Alex Svanevik, creator of the Nansen analytics platform and DAO member.

 

PoolTogether founder Leighton Cusack announced that he opened DAO because he wanted to acquire NFT, but couldn’t do it on his own. Subsequently, Andrew Kang joined PoolTogether, whose stake the organization was supposed to outbid.

The DAO was originally formed to purchase this NFT, but now plans to continue its activities. The organization’s reserves today contain about $ 200,000 in ETH, and its members are 23 Ethereum addresses. Svanevik, like most of the other participants, made a minimum deposit of 10 ETH. The largest investment was 100 ETH ($ 167,000).

 

“The future is community ownership,” Kang said. “Our collective approach makes the NFT more valuable than if it was owned by an individual or a centralized organization.”

 

Uniswap announced the launch of a new version of its protocol this week. The release is expected in May. It will bring advantages in terms of liquidity and scalability.

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