AP NEWS
ADVERTISEMENT
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Waves Sells Duck NFT “Perfection” for $1,000,000, Launches Duck Hunters Game to Incentivize Participation in Waves DeFi

April 15, 2021 GMT

SAN FRANCISCO--(BUSINESS WIRE)--Apr 15, 2021--

Waves.tech, an ecosystem of next-generation technologies built on Waves.protocol, has concluded the highest sale of an NFT outside of Ethereum with its first Waves Duck called “Perfection,” which sold for 1,000,000 $USDN on SIGN Art, a web gallery for blockchain-certified digital art. To celebrate the sale, the team has released its roadmap for a series of NFT gamification initiatives coupled with DeFi yield farming mechanics on the Waves ecosystem.

ADVERTISEMENT

Perfection is the only NFT created in a series of one (1) by Sasha Ivanov, founder of Waves. It received over 40 bids in an uncapped auction model before selling for 1,000,000 $USDN (Waves Neutrino Stablecoin) . To date, the Waves Duck sale is the highest NFT sale outside of Ethereum, beating the “2019-20 LeBron James dunk,” which sold for $208,000 on NBA Topshot, and Bitcoin Origin’s “4MB Block (M2),” which sold for $345,300 on Atomic Hub.

ADVERTISEMENT

The founder of Waves, Sasha Ivanov, is announcing today that all profits from the NFT sale, will be used towards buybacks of NFT duck packs that will be built by Hunters through the Duck Hunters games.

“This week we celebrated Waves 5th anniversary and we took this opportunity to give back to our community for their continuous support and enthusiasm towards Waves tech,” said Sasha Ivanov, founder of Waves.

NFTs originated on the Ethereum blockchain, but amidst growth in popularity for the coveted digital assets and increasing costs on Ethereum, many pioneering blockchain protocol s have launched their own NFTs and marketplaces including Flow, EOS, Waves, Tron and more.

“On Waves, all transactions are instant and we have low-fixed transaction fees, which makes it a perfect playground for NFTs innovations,” said Sasha Ivanov, founder of Waves. ”The NFT games set new opportunities to participate in the Waves ecosystem in a fun and exciting way while also getting rewarded.”

When DeFi and NFTs Collide

Waves has made inroads into the DeFi space through the Neutrino protocol, an infrastructure for plug-and-play algorithmic finance and its native interest-bearing stablecoin, Neutrino Dollar ($USDN), governance staking token NSBT as well as Swop.fi, an automated market maker built on Waves.

The team kicked off the Duck Hunter Games, a series of NFT gamification initiatives coupled with DeFi incentive mechanisms for the Waves ecosystem:

  • 1 million $EGG tokens will be distributed throughout the Duck Hunter campaign by the Waves team
  • $EGG airdrop will incentivize activations across the Waves’ ecosystem on the blockchain’s native DEX swop.fi, on Waves exchange as well as members of the Waves Association, SIGN Art, and holders of NSBT and WCT
  • $EGG farming will allow for voting and upgraded breeding mechanics
  • Additionally, Unique ducks united into packs will be bought back by Waves as announced by Sasha Ivanov today.

“Perfection” was sold on SIGN Art, a web gallery for blockchain-certified digital art. Created in 2018, SIGN Art is the first NFT marketplace on the Waves blockchain and currently features over 170 artists with a total of 1245 drops and 627 sales. Minting on SIGN Art is free, and the publishing fee is $1 per edition, which can be unique releases or in sets of ten.

“SIGN Art takes advantage of Waves Protocol instant transactions and very low fee to offer an eco-friendly (PoS) Digital Art & NFT marketplace. SIGN Art includes unique features such as the artwork sources certification and the multi-currencies open “BID” system as well as lazy mint (mint on buy request) allowing free NFT minting. Our secondary market is expected to go live this quarter after which we plan to study the possible implementation of DeFi and Governance around the platform and its SIGN token,” said Christophe Verdot founder of SIGN Art.

For more information join the Waves Duck Hunters community and check a “ Duck Paper ” with detailed economics.

About Waves.tech:

Waves.tech is an all-encompassing ecosystem of innovative technologies advancing technological frontiers for the pioneering developers of tomorrow and adopting them for everyday practical implementation. Leveraging the three practical and powerful blockchain protocols, Waves.tech provides both developer-friendly infrastructure as an experimental ground for innovation and ready-to-use tools and products demanded here and now.

Website Medium Twitter Telegram Reddit Discord YouTube LinkedIn Github

About SIGN Art:

SIGN Art is a web gallery for Waves Blockchain certified Digital Art and a marketplace for NFTs. Artists can create a portfolio of digital creations, tokenize and sell NFTs. Collectors can buy NFTs, display NFT-collection and soon resale them on the upcoming secondary market. Learn more at: https://www.sign-art.app/

About Swop.fi:

Swop.fi is an automated market maker on the Waves blockchain. The project is open to liquidity providers, and any user can add coins to a pool and collect revenue from swap fees. In addition, liquidity providers will be separately rewarded through the distribution of the governance token SWOP.Swop.fi has been implemented on the Waves blockchain, benefiting from its high speed and low fees. A transaction is written to the chain within a few seconds and the fee for calling the smart contract is fixed at 0.005 WAVES (less than $0.02). Learn more at: https://swop.fi/

View source version on businesswire.com:https://www.businesswire.com/news/home/20210415005612/en/

CONTACT: Karla Vilhelem

Multiplied Account Director

E:Karla@multiplied.io

P: 873-216-0345

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: TECHNOLOGY ELECTRONIC GAMES MEN RETAIL AUDIO/VIDEO ARTS/MUSEUMS ENTERTAINMENT CONSUMER ONLINE RETAIL OTHER TECHNOLOGY SOFTWARE NETWORKS INTERNET SPECIALTY

SOURCE: Waves.tech

Copyright Business Wire 2021.

PUB: 04/15/2021 09:00 AM/DISC: 04/15/2021 09:01 AM

http://www.businesswire.com/news/home/20210415005612/en