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Gitcoin’s NFT sale: Quadratic Financing Signature Edition gets sold for 52 ETH.

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On March 9, according to the data disclosed by Nansen, a blockchain analysis company, Gitcoin sold NFT at 52 ETH (about US $80000): Quadratic Financing Signatur

Gitcoin’s NFT sale: Quadratic Financing Signature Edition gets sold for 52 ETH.

On March 9, according to the data disclosed by Nansen, a blockchain analysis company, Gitcoin sold NFT at 52 ETH (about US $80000): Quadratic Financing Signature Edition 12/12, and the buyer was AQUA.xyz co-founder @ OhhShiny.

Nansen: Gitcoin sells Quadratic Financing Signature Edition at 52 ETH

Analysis based on this information:


The world of Non-Fungible Tokens (NFTs) has been gaining immense popularity in recent times. NFTs refer to unique digital assets that are stored on a blockchain, representing ownership and authenticity of the digital content. NFTs can be bought and sold like any other asset, often at a steep price, thanks to their scarcity and uniqueness. Gitcoin, a blockchain-based platform for funding open-source projects, recently sold their NFT, the Quadratic Financing Signature Edition, for a whopping 52 ETH (about $80,000).

The NFT was sold on March 9, and the buyer was AQUA.xyz co-founder, @OhhShiny. The NFT was part of a special edition release from Gitcoin in January 2021, with only 12 pieces available. The Quadratic Financing Signature Edition NFT is a representation of the quadratic funding model, which Gitcoin uses to raise funds for its open-source projects. The model encourages small donors to make contributions and rewards them by matching the donations, thereby promoting group participation and crowdfunding.

The sale of NFTs has become prevalent in the art and music industries, but Gitcoin’s NFT sale showcases a novel way for the blockchain-based platform’s fundraising efforts. The sale attests to the popularity of NFTs and how they are being embraced by various industries.

The NFT market shows no signs of slowing down, with several platforms and artists selling their digital assets for millions of dollars. The current buzz around NFTs has sparked conversations around their legitimacy and sustainability in the long run. While some critics argue that NFTs are just a phase, the increasing demand for these digital assets shows that they are proving to be a vital tool in the world of blockchain and beyond.

In conclusion, Gitcoin’s sale of its Quadratic Financing Signature Edition NFT for 52 ETH demonstrates the breadth of applications that NFTs offer beyond just entertainment, art, and music. It illustrates the creativity of blockchain-based platforms in exploring novel ways of fundraising and harnessing the power of community participation. However, it remains to be seen how long these digital assets will remain sought after and whether they will ultimately become a standard tool for fundraising.

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