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Lobby Lobsters NFT drop raises $4 million to support DeFi lobbying efforts in one hour

To assist DeFi lobbying activities internationally, they will likewise spend all secondary sales profits.

NFT raises $4million

Non-fungible tokens (NFT) depicting cartoon lobsters in suits raises approximately $4 million. This is to aid lobbying efforts supporting the decentralized finance (DeFi) sector.

On 5 August, the non-fungible token and community universe sold off in less than an hour. Therefore, raising around 4 million dollars assuming its Lobby Lobster NFTs were soldered.

The prime sales raised at the 1000 Ether level for 0.1 Ether, about $390. Universe stated in a blog post that they had picked a recipient.

Resales revenue will also deposit in the multi-sig wallet of the DAO universe. The deposit will consist mostly of monthly civic votes to decide to which organizations. The backing of lobby groups outside the USA will focus on 7.5% of secondary sales.

Praises Flowing

Many notable DeFi and encryption experts, including Foobar, Fiskantes, and Delphi Digital co-founder Tom Shaughnessy, praised and participated in the Lobby Lobsters dropping.

The idea for Lobby Lobsters arose out of talks between Hayden Adams and Kain Warwick of Uniswap. The talk on how to fund lobbying for the DeFi sector.

The decline in Lobby Lobsters is part of the research of Uniswap’s development team, Uniswap Laboratories, carried out by the US Securities and Exchange Commission.

The strong support for the drop in the Universe lobby contrasts with the recent controversy over the allocation by the Uniswap Treasury for lobbying and advocacy activities of the freshly created DeFi Education Alliance of a million UNI tucks (about 20 million US dollars at the time).

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