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Chain Founder Deepak.eth Announces Sale of NFT Collection

Deepak.eth, founder of Chain, revealed plans to sell their NFT collection via auction or fractional DAO, priced at 8,000 ETH.
Published on 2022-11-11

NFT Collection Sale Announced

Deepak.eth, founder of the blockchain infrastructure company Chain, announced the sale of their nonfungible token (NFT) collection. The collection is set to be sold to the highest bidder or placed in a fractional DAO, where 80% of ownership will be sold.

Sale Details and Pricing

The NFT collection is listed at 8,000 ETH, equivalent to approximately $10.258 million at current exchange rates. This unique approach offers flexibility for potential buyers, either through direct purchase or shared ownership.

Fractional DAO Option

By offering the collection through a fractional DAO, Deepak.eth provides an innovative way to distribute ownership, allowing multiple parties to share 80% of the asset. This model aligns with the growing trend of decentralized ownership in the digital asset space.

Market Impact

The sale highlights the evolving NFT market, where creators and owners explore alternative strategies to maximize value. Deepak.eth's decision underscores the potential of blockchain technology in redefining asset ownership and transfer.

For further details on this NFT collection and its sale, visit Coin Telegraph.

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