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The Goose Sells For $6.2 Million At Auction

Sotheby's Sets New NFT Auction Record Of $11 Million

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Here is the breakdown of today's newsletter:

💰 Sotheby’s Auction Fetces Huge NFT Sales
👀 Kraken Launches NFT Marketplace

  • Rumor has it the new Nike and Fortnite collab may include Polygon NFTs. (@chrisakvn)

  • Cryptopunk #8611 was burnt over the weekend for a BTC version. (DC)

  • NFT Intelligence Firm Mnemonic secures $6M in funding. (@mnemonichq)

  • The new Twitch game "Only Up" has Goblintown art throughout the background. (DC)

  • ZachXBT was recently sued by someone they wrote about last year. (@zachxbt)

  • Two Rolex Watches were just used as collateral for an on-chain loan. (@CirrusNFT)

$11 Million Auction Features Huge Sale 💰

Remember Three Arrows Capital?

Quick refresher: They are the Singapore based collapsed cryptocurrency hedge fund that went up in smoke in historic fashion after LUNA fell off a cliff overnight.

Despite the historic collapse of the fund, Sotheby’s auctioned off 37 artworks previously owned by Three Arrows, and to many people’s surprise, the auction fetched some of the biggest NFT sales we have seen in YEARS.

The biggest sale of the night was “Ringers #879” by Dmitri Cherniak. This piece has been nicknamed “The Goose” in NFT circles. It was sold for $6.2 million to @punk6529!

Weeks after Sotheby's auctioned off a smaller collection of NFTs, Three Arrows sold a much bigger one (The Goose). Three Arrows filed for bankruptcy in the US last July after not repaying $80 million to crypto exchange Deribit. 

💡 Auction Highlights:

  • The auction brought in almost 1,000 bids from over 17 countries

  • Half of the participants were under the age of 40

  • There was a three-way bidding war for The Goose

Kraken NFT Marketplace Launches 🚀

Kraken, a leading cryptocurrency exchange, is now navigating the intriguing waters of NFTs with its very own NFT Marketplace.

Since its beta launch in December 2022, the marketplace has rapidly evolved, integrating popular NFT collections and expanding its support from Ethereum and Solana to Polygon networks.

Key highlights of Kraken's marketplace include:

1️⃣ Zero Gas Fees: The platform operates off-chain, levying gas fees only for transferring NFTs to and from the platform.

2️⃣ Extensive Payment Options: Over 200 payment options, including all currencies supported by the Kraken crypto exchange, are accepted.

3️⃣ 24/7 Live Support: To assist users at any time, Kraken's centralized structure enables round-the-clock live support.

4️⃣ User-friendliness: The marketplace aims to be accessible, offering a streamlined sign-up, intuitive search tools, and an expansive educational content library.

Kraken NFT Marketplace currently supports over 250 collections across various chains, with selections even under $100. Future plans hint at the integration of WalletConnect and exclusive features such as client-only drops and gas-free floor sweeping.

💧 The Drop
Despite facing regulatory scrutiny, Kraken NFT remains committed to making a significant impact in the competitive NFT marketplace, aiming to strengthen its user base and continue innovating in this fast-paced sector.

This is not just a product launch; it's a new voyage in the NFT space.

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That's all for today's issue! Thanks for reading this far and also make sure to give our Twitter a follow daily for breaking NFT/web3 news! (@TheDropNFT)

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Disclaimer: The Drop DOES NOT provide financial advice. All content is for informational purposes only. The Drop is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses.