Notes

The Buzz on Visa Enters NFT Market, Buys CryptoPunk for - ARTnews.com


<div itemscope itemtype="http://schema.org/ImageObject">
<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://www.larvalabs.com/cryptopunks/cryptopunk768.png" alt="Cryptopunks Sales Record Broken Once Again - Play to Earn"><span style="display:none" itemprop="caption">This CryptoPunk NFT Just Sold For $928,532 in ETH - Benzinga</span>
</div>
<br>
<br>
<h1 style="clear:both" id="content-section-0">See This Report about What are CryptoPunks: A Complete Guide - 101 Blockchains<br></h1>
<br>
<p class="p__0">On Thursday night, a Crypto, Punk with wild hair and black lipstick, traits that aren't especially rare as far as the pixelated NFT characters go, cost an eye-popping half a billion dollarsin crypto, of course. A Twitter bot that tracks Crypto, Punk sales revealed the news quickly before 8 p.</p>
<br>
<p class="p__1">E.S.T., sending out crypto Twitter abuzz and making individuals wonder what the heck just happened. Was this huge cash laundering, or what? If this were a real art sale, it would have made Crypto, Punk 9998 the most costly NFT ever, far exceeding Punk 7523, which cost $11. 8 million in June, and leaving the Beeple NFT that cost $69 million in March in the dust.</p>
<br>
<div itemscope itemtype="http://schema.org/ImageObject">
<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://nypost.com/wp-content/uploads/sites/2/2021/06/cryptopunk-7523-nft-sotheby-1.jpg?quality=80&amp;strip=all" alt="CryptoPunks explained: 10 things about the first NFTs - Christie's"><span style="display:none" itemprop="caption">NFTs - The Phenomenon CryptoPunks &amp; Co.- Crypto Valley Journal</span>
</div>
<br>
<br>
<p class="p__2">It wasn't money laundering or an exploit either. It was merely crypto traders trading as they do. The owner of Punk 9998 was having a little enjoyable with crypto derivatives. In other words, the deal was a trick. Even Larva Labs, the creator of the pixelated alien creatures, erased the sale, indicating it does not in fact count.</p>
<br>
<div itemscope itemtype="http://schema.org/ImageObject">
<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://realcryptopunks.com/img/maincards.441f38bf.jpg" alt="Zombie Crypto Punks ⚰️ (@zcryptopunks) / Twitter"><span style="display:none" itemprop="caption">The 10,000 Faces That Launched an NFT Revolution - WIRED</span>
</div>
<br>
<br>
<p class="p__3">In traditional financing, this is known as a wash tradea kind of illegal market manipulation implied to make an item appear more valuable than it in fact is. Second, the funds for the wash trade came through a "flash loan." If you're not familiar what a flash loan isand why would you be?it is a type of unsecured loaning that has become hugely popular worldwide of decentralized financing, or De, Fi for brief.</p>
<br>
<h1 style="clear:both" id="content-section-1">Top Guidelines Of What Are CryptoPunks? - The Motley Fool<br></h1>
<br>
<p class="p__4">Image courtesy Christie's. popular nfts -based De, Fi exchanges, such as Compound and Uniswap, offer a lot of their liquidity which anybody can "loan" throughout of a single deal. Flash loans use clever contracts (littles computer code submitted onto a blockchain) to set out the conditions and terms of the loan.</p>
<br>
<img width="345" src="https://cryptocurrency-nieuws.nl/wp-content/uploads/2021/04/cryptopunks-are-taking-over-miami.png">
<br>
<p class="p__5">The contract checks whether the "loan" has actually been repaid. If it hasn't, the transaction is reversed, as if it never took place, and the funds are gone back to the lending institution. All of it sounds like a low-risk proposition for lenders and borrowers, but the truth is flash loans are typically used by hackers to make use of loopholes in poorly written agreements and take millions of dollars.</p>
<br>

Here's my website: https://anotepad.com/notes/52j8skqj