A crypto investor spent about $ 730 thousand to make NFT tokens.
According to Etherscan, the crypto investor paid 204 ETH ($ 490 thousand at the current rate at 17:45 GMT) in commission for the issuance of 1,000 non-fungible Tubby Cats tokens.
The collector paid 100 ETH ($ 240 thousand) for the creation of the NFT tokens. This crypto investor spent a total of $ 730 thousand to acquire tokens.
On the Ethereum network in September 2021, Bitfinex transferred $ 100 thousand USDT stablecoins to the address of Deversifi’s decentralized trading platform.
The commission for the transaction amounted to 7.67 thousand ETH ($ 23.6 million at the time of transfer). The commission exceeded the amount of the transfer by 236 times. Later, the mining pool that made the transaction returned the funds to Bitfinex, recognizing the written-off commission as a failure.
What is NFT?
NFTs can be used for many different purposes. In the gaming industry, they can be used to buy or sell unique in-game assets and items. In the art world, they can be used to purchase or sell unique pieces of art that cannot be replicated by anyone else.
Non-fungible tokens have been created to provide ownership and authenticity to digital items that are not fungible. They can be used in any industry where there is a need for unique digital items, such as art, collectibles or gaming items.
NFTs can be used for many different purposes. In the gaming industry, they can be used to buy or sell unique in-game assets and items. In the art world, they can be used to purchase or sell unique pieces of art that cannot be replicated by anyone else.
Read Also: Russia may use bitcoins to circumvent sanctions, says NYT
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.
Comments are closed.