A Uniswap V3 NFT has been sold for more than half a million dollars

Quick Take

  • A Uniswap V3 NFT has been sold for 310 ETH (about $520,000) to a DAO.
  • The DAO could buy more art pieces with its current treasury worth about $200,000, Alex Svanevik, Nansen CEO and a DAO member, told The Block.

An animated video that was recently used by Uniswap to promote its V3 platform has been sold in the form of a non-fungible token (NFT).

The video and the NFT were created by the artist named "@pplpleasr1," and it has fetched the price of 310 ether (ETH), currently worth about $520,000.

The buyer of the NFT is a first-of-its-kind decentralized autonomous organization (DAO) called "pleasrdao." The DAO, ideated by PoolTogether co-founder Leighton Cusack, was specifically formed to buy the NFT.

"Pplpleasr created the most iconic NFT ever to have been minted on any blockchain," Alex Svanevik, CEO of crypto data platform Nansen and a member of the DAO, told The Block.

"Pplpleasr inspired us to drive forward a community-first approach," he said. "The charity angle she took as well was great."

Pplpleasr is donating the whole amount to the Stand With Asians movement to help stop hate crimes and discrimination against Asian Americans and pacific islanders.

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

Commenting on the sale, Pplpleasr