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Jurassic Friends NFT, a Dinosaur-Themed Trilogy NFT Collection, is All Set to go Live Shortly – PR Newswire

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Aug 25, 2022, 07:07 ET
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The whitelist spots for the genesis collection in the project are now open!
VIRGINIA BEACH, Va., Aug. 25, 2022 /PRNewswire/ — Jurassic Friends NFT, a promising PFP NFT project, has gladly announced that the launch of the genesis collection is around the corner. Being a trilogy collection, the first series will feature animated versions of 10,000 T-Rex dinosaur NFTs. This exclusive collection provides genuine value to its holders through real-world utilities and impressive perks, thereby making the value of NFTs surge in the near future.

Jurassic Friends NFT is a phenomenal initiative that is created from an idea of a 4-year-old kid whose love for Dinosaurs is eternal. These 10,000 T-Rex dinosaurs are highly secured on the Polygon network, and their traits play a significant role in determining its rarity. The various traits in the collection include background, costumes, accessories, eyewear’s, headwear’s , etc. Amidst a plethora of PFP projects created for fun and entertainment, Jurassic Friends NFT stands out by supporting a strong cause, which is aiding cancer patients worldwide. Its primary objective is to assist cancer research foundations by donating a part of the proceeds received from the sale of their NFTs.

"Thanks to non-fungible tokens and blockchain technology for giving a breakthrough in the collectible space. Our trilogy collection leverages this space by providing real-world benefits and operates for a strong cause," says Michael Reynoso, CEO of Jurassic Friends NFT LLC.

Currently, the whitelist spots for the project are available. By claiming this pass, users can get an assorted range of benefits when compared to the regular public minting. The whitelist users will get early access to the NFTs at a discounted price before it goes live for the public. Also, the gas fees will be drastically reduced since the network congestion gets reduced in the whitelist mint. Most importantly, only these users will be given a small hint on the upcoming collection of the project. Once the 10,000 NFTs are sold, the team will start working on the second collection.

One of the biggest challenges in today’s blockchain world is scalability and higher gas fees. The project has overcome these struggles by developing the NFTs on the Polygon network. Being the second layer solution of the Ethereum blockchain, it provides a higher throughput rate and reduces the transaction fee significantly. These NFTs are truly a valuable asset for NFT enthusiasts worldwide. Users owning them in the portfolio will be able to gain access to alluring airdrops and splendid rewards.

Follow their official social handles, and don’t miss the phenomenal opportunity to be an early adopter of Jurassic Friends NFT.


This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com
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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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NFT Collections Will Be Regulated Like Cryptocurrencies Under EU’s MiCA Law, Official Says – CoinDesk

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