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Doodles Ethereum NFT Collection Sales Surges Over 1200%

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Doodles Ethereum Nft Collection Sales Surges Over 1200%
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  • The Doodles floor price was 8.23 ETH, or nearly $13,100.
  • The team plans of releasing a larger-scale Doodles 2 collection.

Sales of Ethereum NFT doodles have increased by almost 1,200% in the last 24 hours with the news of a $54 million investment round.

That’s what CryptoSlam says happened in the last 24 hours, reporting $2.1 million in sales of Doodles NFT. According to the platform’s rankings, which factor in sales from all marketplaces, this is a 1,224% increase over the preceding twenty-four-hour period. It has had the highest volume of any project during that time, almost twice that of the Ethereum project Renga ($1.07 million).

The floor price, or the price of the least accessible listed NFT, is increasing as NFTs fly off markets (141 have been sold in the previous 24 hours). At the time of writing, the Doodles floor price was 8.23 ETH, or nearly $13,100, a 19% increase over the previous day.

Recent Fund Raise

Doodles is a 10,000-token Ethereum NFT profile picture project, with each token sporting unique artwork inspired by a different set of random personality qualities. In this example, an NFT would be a blockchain token representing ownership of a certain character. According to CryptoSlam, $528 million in secondary sales have been generated since the collection’s introduction last autumn.

Earlier today, Doodles revealed that the venture capital firm Seven Seven Six, founded by Reddit co-founder Alexis Ohanian, has led a $54 million investment round for the company. The total valuation due to the round is $704 million, including contributions from FTX Ventures, Acrew Capital, and 10T Holdings.

The Doodles website, which displays the work of Scott “Burnt Toast” Martin, stated in June that it will be releasing a larger-scale Doodles 2 collection, which would spam millions of configurable avatars. It is anticipated that it will be mined on a blockchain network that offers cheaper and quicker transactions than Ethereum’s mainnet, albeit the identity of this network has not yet been disclosed.

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USDC Issuer Circle Announces Support For 5 New Blockchains

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Firm Behind Usdc Stablecoin ‘Circle’ Announces Launch Of Euroc Stablecoin
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  • USDC support rises from eight to thirteen blockchains due to this new initiative.
  • It was announced at Converge22 conference in San Francisco by Circle CEO.

Due to the delisting of USDC from Binance and WazirX, Circle is looking to increase its presence on other blockchains to preserve its position in the crypto industry.

The company behind USD Coin (USDC) and Euro Coin (EUROC), Circle Internet Financial, has announced plans to expand into five major blockchains as of September 28. Circle is targeting the early years of 2023 for the introduction of its stablecoin on the following blockchains: Arbitrum, Cosmos, NEAR, Optimism, and Polkadot. Since this is the case, developers working on these blockchains may immediately begin testing Circle’s APIs for integration.

Greater Liquidity and Interoperability

According to Circle’s VP of Product Joao Reginatto, the company will be able to increase the number of ecosystems. The support for stablecoin surges from eight to thirteen as a consequence of this new initiative. Giving its customers access to “greater liquidity and interoperability” in their transactions.

Reginatto said that this would allow “institutions, exchanges, developers, and more” to have a choice in a secure and dependable bridge between cryptocurrencies and fiat currencies. It will be simpler to create new apps that prioritize rapid user transactions and programmable wallets if USDC is part of these ecosystems.

At Converge22 conference in San Francisco, Circle CEO and Co-Founder Jeremy Allaire announced the company’s objective. To assist enhance this new blockchain sector. And the narrative surrounding cryptocurrencies is now going from a primarily speculative phase to the utility phase.

Furthermore, he said that in order to improve the ecosystem, simple apps must be developed for all users. Moreover, they may use any stablecoin without worrying about which chain they’re on, he added.

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CryptoPunks NFT 2924 Sold for 3,300 ETH ($4.45 Million)

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Cryptopunks Nft 2924 Sold For 3,300 Eth ($4.45 Million)
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  • NFT hoarder “seedphrase” sold the CryptoPunk NFT. 
  • To date, punk #5822 has fetched the highest price for a CryptoPunk.

A million dollars was a common price tag for NFTs during the recent craze. It seemed that the brakes had been put to the market, since recent circumstances had remained turbulent. Despite this, one user paid 3300 ETH for a CryptoPunks NFT.

The latest shocking event is the $4.45 million sale of CryptoPunks 2924. It’s worth noting that this is one of NFT’s biggest-ever deals. NFT hoarder “seedphrase” parted with the CryptoPunk NFT. According to the NFT’s blockchain transaction history, it was last traded in November of 2020 for 150 ETH [$71,403 at the time].

Despite Sluggish NFT Market

To date, punk #5822 has fetched the highest price for a CryptoPunk. In February of this year, Deepak Thapliyal, CEO of Chain, paid almost $23 million for the alien-style punk. The price tag was far more than that of the next highest-earning punk by a wide margin. The deal almost broke the record for the biggest selling NFT ever, falling short by a few million.

Over the previous 24 hours, sales of CryptoPunk have increased by almost 348%. Therefore, at the time of publication, it was the best-selling compilation overall. Next to them was the Bored Ape Yacht Club, and then came the Mutant Ape Yacht Club. Approximately 13% and 52% daily sales increases were seen for the aforementioned collections.

The NFT market is still in its downturn phase, notwithstanding the sales recovery seen over the last day. Bloomberg reported data from Dune Analytics showing that, compared to January of this year, NFT trading volumes had dropped by 97%.

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Chainlink and SWIFT Collaborate on a Cross-Chain Protocol

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Chainlink And Swift Collaborate On A Cross-Chain Protocol
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