The NFT market started December with renewed interest.
According to NFTstats.eth data, ETH NFT transaction volume increased 2 times compared with last week.
On December 1, Flamingo DAO, a DAO organization focused on investing in NFTs, purchased 26 NFTs in more than an hour, including Matt Kane, DCA, Zeblocks and Emily Xie, with a total value of 448 ETH, or approximately US$939,400.
Crazy shopping, raising the floor price of multiple NFTs
Early this morning, the official account of Flamingo DAO released 8 broomstick emojis to announce to the community the news of NFT sweepstakes. In the hour since, Flamingo DAO purchased 26 NFTs.
Later, its account tweeted, We love this space and love you all. Cant wait to see the new art come out. This is not the end, this is just the beginning.
Cryptopunk OG @0x RodoWe sorted out the 26 collections worth 448 ETH purchased by Flamingo DAO, including:
15x Cargo by Kim Asendorf
6x FAKE IT TILL YOU MAKE IT by Maya Man
3x Life In West America by Roope Rainisto
7x Meridian by Matt DesLauriers
3x Genesis by DCA
4x Memories of Qilin by Emily Xie
1x Unigrids by Zeblocks
2x Gazers by Matt Kane
15x Zentrum by Herbert W. Franke
9x Human Unreadable by Operator
2x Elevated Deconstructions by luxpris 5 x Genesis by Claire Silver
5x Squares by Martin Grasser
12x Memories of Digital Data by Kazuhiro Tanimoto
13x Skulptuur by Piter Pasma
4x BEEPLE: EVERYDAYS - THE 2020 COLLECTION
2x Grifters by XCOPY
13x Phase by Lauren Bednar
11x Chimera
17x JPEG by Jan Robert Leegte
5x Mazinaw by Eric De Giuli
7x Dnmecut by Robert Jan Leegte
7x Colorspace by Tabor Robak
5x Gumbo by Mathias Isaksen
2x Archetype by Kjetil Golid
7x Fragments of an Infinite Field by Monica Rizzolli
Flamingo DAOs sweeping behavior has also caused the floor prices of many NFTs to increase. According to NFTstats.eth statistics, the JPEG floor price rose from 1.55 ETH to 3.33 ETH, the Life in West America floor price rose from 4.9 ETH to 7.4 ETH, the Skulptuur floor price rose from 0.4 ETH to 1.1 ETH, and the CARGO floor price rose from 1.9 ETH. to 2.7 ETH.
Why does Flamingo DAO scan purchases?
Compared with the DeFi market, the community in NFT expects deeper returns at a psychological level, not just financial returns. As the price of high-quality NFTs continues to rise, the lowest price of collections such as CryptoPunks has reached as high as 56 ETH, making it prohibitive for most people. This has given rise to the emergence of DAOs in the NFT field. For example, Flamingo DAO and PleasrDAO use DAO members to jointly build treasury to invest in NFTs.
Flamingo DAO mainly expands DAO funds by researching emerging investment opportunities on the chain. Adhering to the firm belief that blockchain collectors are the new wave of investors and curators, Flamingo DAO believes that turning to the issue of digital property ownership will play an important role in creating unique and unknown digital content markets and consumption methods.
Members of Famingo DAO have the opportunity to incorporate personal NFT assets into the DAO treasury, thereby obtaining a line of credit secured by digital assets. In addition, after becoming a member of DAO, investors can also enjoy a variety of benefits. For example, members can display their NFTs in the DAO digital gallery, store NFTs in the DAO vault for maximum security, split NFTs, or use them as guarantees in other DeFi platforms.
The sweeping behavior of Famingo DAO has also triggered discussions in the community about NFT transactions.
NFT lending and refinancing opportunities may have just emerged. Community user@SignoreGondiThis is believed to be triggered by Flamingo DAO’s sweep of major NFT series.
NFT enthusiasts@thomas_g_obrienComments said that Famingo DAOs sweeping behavior will make the time window for individual NFT collectors to obtain truly networked digital items and artworks of this era soon to close. In the comment area, encrypted users@ClausWilkeSaid that he had been paying attention to Skulptuurs under 0.5 ETH, and said that he had been thinking about whether he should pick one up, but now their price is 1.1 ETH.
