OpenSea collector pays 100 ETH for a free NFT: Nifty Newsletter, April 5–11
LooksRare releases an upgrade that lowers its fees by 75% to compete with OpenSea and Blur. In this week’s newsletter, find out why a nonfungible token (NFT) collector paid $192,000 for a free NFT. Check out how community members responded as Reddit deployed its contract for its Gen 3 NFT avatars, and how a previously unreleased David Bowie track has been turned into an NFT. In other news, discover how LooksRare plans to compete with rival NFT marketplaces through a new upgrade, and how NFTs can unlock a biodegradable vinyl record. Reddit deploys Gen 3 NFT avatar contracts on Polygon Social media forum site Reddit has recently deployed the smart contract for its third-generation digital collectibles known as Reddit Avatars. The contract was deployed on the Polygon blockchain, with community members excited for the much-awaited drop. Some praised the discussion website’s marketing efforts to change the dominant narrative within its platform, with many anti-NFT community members beco...