{"id":26,"date":"2021-04-14T09:16:05","date_gmt":"2021-04-14T14:16:05","guid":{"rendered":"http:\/\/www.smilingdogapps.com\/wordpress\/?p=26"},"modified":"2021-04-14T09:16:05","modified_gmt":"2021-04-14T14:16:05","slug":"nfts-and-coinbase","status":"publish","type":"post","link":"https:\/\/www.sdapps.com\/index.php\/2021\/04\/14\/nfts-and-coinbase\/","title":{"rendered":"NFTs and Coinbase"},"content":{"rendered":"<p>This is fascinating.  Here is the link to the site that is hosting the <A HREF=\"https:\/\/niftygateway.com\/collections\/paksothebysauction\">Sotheby\u2019s NFT<\/A> auction that ends today (Nifty Gateway is owned by the Winklevoss twins according to a close friend that follows crypto).<\/p>\n<p>\tIt\u2019s a bit of a head scratcher at first blush on what the actual offer is, but if you read through, the first offering is &#8220;The Fungible Open Edition\u201d  It goes on sale today from 1:00-1:15pm ET for the last day.  It was for sale previously from 1:00-1:15pm ET on Monday and Tuesday and as of yesterday, sold 22,913 units @ $1,500.00 each = $34,369,500.00 through yesterday.  The person that buys the most units  by 1:15 PM today gets a \u201cone-of-one\u201d NFT.  The next 100 people receive one NFT each from a NFT collection of 100, think of an artist limited edition print, 1 of 100, 2 of 100, etc.  That limited edition is distributed based on those that buy the most open edition items (2 through 101) @ $1,500.00 each.  Keep in mind that it&#8217;s blind on how many people are buying and how much each person has spent.<\/p>\n<p>\tAdditionally for sale: there are a couple of give-a-ways based on what the artist wants to do to spread some wealth around, there are 2 additional single edition NFTs that are offered continuously for sale until 1:15 PM today.  So far it looks like 38 million in sales. All the money seems to be going towards &#8220;The Fungible Open Edition\u201d right now.  Fascinating!!!!<\/p>\n<p>\tFor Coinbase, apparently since it is a Direct Public Offering (DPO) instead of a more traditional Initial Public Offering (IPO), which are orchestrated by investment banks, there are at least 2 things that make it different:<br \/>\n1) The first publicly traded share may not actually take place until this afternoon.<br \/>\n2) The actual opening price is still being worked out.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is fascinating. Here is the link to the site that is hosting the Sotheby\u2019s NFT auction that ends today (Nifty Gateway is owned by the Winklevoss twins according to a close friend that follows crypto). It\u2019s a bit of a head scratcher at first blush on what the actual offer is, but if you [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,12],"tags":[],"class_list":["post-26","post","type-post","status-publish","format-standard","hentry","category-blockchain","category-consulting"],"_links":{"self":[{"href":"https:\/\/www.sdapps.com\/index.php\/wp-json\/wp\/v2\/posts\/26","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sdapps.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sdapps.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sdapps.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sdapps.com\/index.php\/wp-json\/wp\/v2\/comments?post=26"}],"version-history":[{"count":0,"href":"https:\/\/www.sdapps.com\/index.php\/wp-json\/wp\/v2\/posts\/26\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.sdapps.com\/index.php\/wp-json\/wp\/v2\/media?parent=26"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sdapps.com\/index.php\/wp-json\/wp\/v2\/categories?post=26"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sdapps.com\/index.php\/wp-json\/wp\/v2\/tags?post=26"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}