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APENFT Foundation Launches $100million 'Art Dream Fund' – Block Telegraph

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Singapore, Singapore, 2nd November, 2021,
APENFT, the premier NFT foundation and fund, and TRON have announced the formal establishment of the $100million ‘Art Dream Fund’ to explore, cultivate, and support talented NFT and digital artists. APENFT aims to collect meaningful stories and promote the fusion of finance, culture, and art in the metaverse and will do so by building three main pillars: acquisition of culturally significant NFT artworks, investment and incubation of NFT projects, and the creation of an NFT marketplace. 
The first open call of the ‘Art Dream Fund’ invites artists and creators to explore the theme of “Second Life” in the metaverse. “Second Life” is a concept closely related to the metaverse, and NFT is seen as the “ticket to the metaverse.” Since the late 1970s and early 1980s, utopian and dystopian visions of Web3.0 the Internet has been put forth, capturing the emergence of increasing complexities and variability of human life and hybrid experiences. We are now living in the digital golden age, enjoying tremendous technological and scientific progress with the accelerated development of blockchain. NFT and on-chain games are bringing people’s vision of the metaverse closer to reality than ever before. 
This is an open invitation for artists to portray their dream lives and futures through digital media. As technology profoundly changes the way we play, learn, organize, socialize, and create, there is an urgent need to explore what a highly intelligent and networked society requires us to be and what a high-tech but humanized world would look like. ‘Art Dream Fund’ hopes to unleash and resource bold and unbridled creativity by inspiring artists to present their Second Life – a story that has yet to unfold. 
The open call aims to explore the questions that arise when our lives and social relationships become more closely intertwined with technology as social mediation. Such as; what kind of religious worship, new artistic origins, literary inspirations, and subversive scientific discoveries will be brought by humanity’s vision of the Metaverse? What does this for human consciousness, including all experiences, feelings, and emotions? What is the nature of reality? What will the future look like when artists participate in the construction of the Metaverse through digital art? 
In the future, APENFT will launch support regularly through open calls, art grants, and artist in Residence programs. In addition to financing artistic creations, the ‘Art Dream Fund’ will also provide support and professional guidance to selected artists and artworks in various aspects such as marketing, PR, community building, and copyright protection in the NFT space. “Our goal is to introduce a group of incredible creators to the world of NFTs, empower them to explore new methods of creation, and share that opportunity with their communities,” said Sydney Xiong, APENFT Art director and curator.
There are three awards in this open call, including the grand prize award of $20,000, best creativity awards of $10,000, and best category awards of $5000. In addition, artists will receive publicity and exposure on TRON and APENFT social media. They will also have the opportunity to be featured in the APENFT’s marketplace launch event and participate in the APENFT virtual exhibition. 
Digital art is an open field full of unknown possibilities, with inclusive and borderless artistic characteristics. This themed call encourages the exploration and interpretation of any art form on the theme “Second Life,” and any digital art media and styles are accepted. How has digital art and crypto art become a new, independent, and self-consistent art form? How do they facilitate creative thinking and challenge uncharted territories? Those are the further questions APENFT hopes creators will answer through their works. The themed open call is open to artists and creators working in all disciplines with no age, region, or occupation restrictions. Entries can be submitted individually or as a group or community. Group work is highly encouraged in the NFT space, where people value community spirit. 
Artists must submit their artworks before November 27th. The award announcement will be made on December 10th. Justin Sun, founder of TRON, Sydney Xiong, APENFT Art Director and Curator, and three anonymous NFT art experts will select winning pieces based on five key criteria: aesthetics & creativity, ideas & concepts, technical skills, relevance, and the artist’s statement. “I hope that the establishment of the ‘Art Dream Fund’  can bring about a paradigm shift in the creator economy by giving all-around support to creators who wish to contribute to the NFT art ecosystem with creative thinking,” said Justin Sun, Founder of TRON. 
About APENFT
Formally registered and established on March 29, 2021, APENFT is backed by the underlying technology of top-notch blockchains Ethereum and TRON with support from the world’s largest distributed storage system Bittorrent File System (BTFS), to deliver the mission of registering world-class artworks as NFTs on the blockchain. The collection of the APENFT Foundation includes artworks by Picasso, Andy Warhol, and crypto artists Beeple, Pak, etc., as well as other high-end NFT collectibles of various categories such as Punks avatars and EtherRock, with a total value of more than $46 million. In addition, APENFT Foundation has successfully sponsored the “Art + Technology” Summit at Christie’s in New York. In the future, it will curate a series of online and offline exhibitions with world-renowned artists and facilitate high-end IP collaboration.
About TRON
Founded by Justin Sun in 2017, TRON is an ambitious project dedicated to building a truly decentralized Internet infrastructure. The TRON Protocol, one of the largest blockchain operating systems in the world, adopts an energy-efficient dPoS consensus mechanism to provide high throughput, high scalability, and high availability for decentralized applications in the TRON ecosystem through collaboration with key business partners, including global tech giant Samsung, Opera, Poloniex, Swisscom Blockchain, and many more. With over 58 million registered users and over 2.5 billion transactions, TRON is the world’s fastest-growing public chain, and it is now among the world’s three major public chains. 

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This Week's NFT Sales Slide, Bored Ape Market Cap Drops 21%, Floor Prices Sink Lower – Markets and Prices Bitcoin News – Bitcoin News

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by Jamie Redman
Non-fungible token (NFT) sales this week dropped 10.88% lower than the week prior. Roughly $118.02 million worth of NFTs were sold this week compared to last week’s $132.43 million. Further, the top two NFT collections with the largest market capitalizations shed significant value during the past seven days. While Bored Ape Yacht Club’s market valuation lost 21.29%, Cryptopunks’ market cap slid by 19.18%.
NFTs had a lackluster week as sales and prices have followed in sync with falling crypto asset prices. Statistics show that a large number of NFT collections have lost considerable market value during the past week. For instance, metrics show that Bored Ape Yacht Club’s (BAYC) floor value on September 13, 2022, was $114,388 and today, the floor value is around $90,026. BAYC’s market valuation on September 13 was $1.14 billion and today it’s down 21.29% to $900.25 million.
Data shows that the second most expensive NFT floor value belonged to Cryptopunks on September 13, and that’s still the case today. However, the cheapest Cryptopunk last week was around $98,941, but today you can get one for $79,960. Cryptopunks’ market cap has nosedived 19.18% lower during the past week. The same can be said for a majority of blue chip NFT collections like PROOF Collective, Mutant Ape Yacht Club (MAYC), Castaways, and Doodles.
Seven-day statistics show that the BAYC NFT collection is the compilation with this week’s top sales, as $8,603,290 in trades were recorded. BAYC sales have increased by 17.33% and the second largest NFT collection in terms of weekly sales is RENGA. The RENGA NFT collection has managed to print $5,822,323 in seven-day sales, up 121.08% since last week. Overall, however, NFT sales across 17 blockchains monitored by cryptoslam.io are down 10.88% lower than last week.
This Week’s NFT Sales Slide, Bored Ape Market Cap Drops 21%, Floor Prices Sink Lower
Ethereum (ETH) captured the top NFT sales and Solana (SOL) recorded the second largest number of digital collectible sales this week. Although, ETH-based NFT sales slipped 1.66% lower than last week with $79.05 million in seven-day sales. SOL-based NFT sales are down this week 42.11% lower than last week with $23.71 million. Both Flow and Immutable X saw an uptick in NFT sales. Flow NFT sales jumped 59.42% higher, and Immutable X NFT sales saw a significant 790.96% increase.
The top five most expensive NFTs sold this week all stemmed from the BAYC collection and include Bored Ape #441, Bored Ape #2897, Bored Ape #5733, Bored Ape #4179, and Bored Ape #1846. Bored Ape #441 sold for 351,000 DAI and Bored Ape #2897 sold for 215.38 ether or $296,404. Bored Ape #5733 was sold three days ago for 120 ether or $176,458, and Bored Ape #4179 sold for 123 ether or $176,307. Lastly, the fifth most expensive, Bored Ape #1846, was sold for 106 ether or $151,939 four days ago.
What do you think about this week’s NFT sales dropping more than 10% lower than last week’s sales? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
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Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs … read more.
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
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FASB Excludes NFTs, Some Stablecoins From Crypto Accounting Project – The Wall Street Journal

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Michael Saylor can't stop: MicroStrategy now holds 130,000 Bitcoin – Cointelegraph

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MicroStrategy bought an additional 301 BTC for $6 million at an average price of $19,851, the company’s executive chairman announced on Twitter.
MicroStrategy now owns 0.62% of all the Bitcoin (BTC) that will ever be mined. The company’s executive chairman, Michael Saylor, announced that the company bought another 301 BTC for roughly $6 million at an average price of $19,851 per BTC. 
In sum, the company is one of the planet’s largest holders of the asset, owning 130,000 BTC. Apparently, Saylor likes round numbers, buying 301 BTC to reach the 130,000 milestone. 
MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoin. As of 9/19/22 @MicroStrategy holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.https://t.co/5kYW98ij4I
Due to plunging price action, the company’s investment is down substantially in U.S. dollar terms. MicroStrategy’s entry price is roughly $30,639 per BTC, and the Securities and Exchange Commission filing states that the firm has bought 130,000 BTC at an aggregate purchase price of approximately $3.98 billion.
If MicroStrategy started stacking sats (buying Bitcoin) at today’s prices, it would have spent $2.48 billion on 130,000 BTC. Saylor is currently at a paper loss of over a billion dollars.
According to the SEC filing, the company made the purchase with “excess cash.” Saylor recently stepped down as CEO of the company to focus on buying more Bitcoin, while Washington, DC has taken aim at the billionaire in a tax evasion lawsuit.
Bitcoin enthusiasts were quick to commend Saylor’s buy. Referred to as the “Chad” or “Gigachad,” Saylor’s conviction and commitment to buying Bitcoin despite the investment being underwater has garnered both a devout following and numerous critics.
Related: Bitcoin better than physical property for regular folks, says Michael Saylor
Other large wallet addresses include that of crypto exchange Bitfinex, which holds 170,000 BTC, and a Binance reserve wallet that holds 125,000 BTC. Binance is the world’s largest crypto exchange and has several wallets holding six figures of Bitcoin. Regarding individuals, Saylor has stated that he holds Bitcoin, and FTX CEO Sam Bankman-Fried and Binance CEO Changpeng Zhao are also “hodlers” — a meme that became popular jargon for holding crypto.

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