Black_background_logo_BitcoinWorld-removebg-preview
Ethereum (Courtesy: Twitter)
Latest News

Ethereum-Supported Crypto Card Sold For Big Amount

Ethereum (Courtesy: Twitter)
Ethereum (Courtesy: Twitter)

This summer’s decentralized finance craze, into which investors poured billions of dollars, was more about the memes than the technology. So why not cut to the chase?

Rare Ethereum-based trading cards, or NFTs, representing the creators of top DeFi protocols are on the market for thousands of dollars on NFT marketplace OpenSea. They’re all created by Meme Ltd.

“Kain Legendary,” trading cards minted in the honor of Kain Warwick, the CEO of synthetic asset platform Synthetix, sold out shortly after launch yesterday. One card went for about $12,709.

And that was a bargain: the cheapest of these rare Warwick cards costs $17,789, and listings go up to $37,233. (Of course, this might not reflect their true worth; buyers can accept any bid).

Hayden Adams, the creator of decentralized exchange Uniswap and this summer’s “it” guy, is also on the market. So valuable is Adams, that a rare blockchain-based trading card that bears his name averages $11,468. Yesterday, Warwick bought a full Hayden Adams set for 27.5 ETH (11,375) and gifted it to Adams.

Even more expensive is the “Stani Legendary” card, which represents the creator of DeFi lending protocol Aave. Crypto art collector MaxStealth (who last week spent over $150,000 on Batman NFT art) is selling his for $61,641. No takers yet.

The “Andre Cronje Legendary” card last sold for $31,000 and the “Vitalik Buterin Legendary” card last sold for $33,000. Cronje created DeFi yield bot YFI and Buterin founded Ethereum.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.