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Ethereum Towers launches apartment NFT mint for non-gamers

Ethereum Towers, a vertical, community-centric megastructure comprised of almost 4,000 NFT apartments, announced an…

The post Ethereum Towers launches apartment NFT mint for non-gamers appeared first on CoinJournal.

Ethereum Towers, a vertical, community-centric megastructure comprised of almost 4,000 NFT apartments, announced an apartment NFT mint tomorrow, October 5, Coin Journal learned from a press release. The megastructure is set in the Ethereum Worlds Metaverse.  

Enjoying metaverse creativity  

Ethereum Towers is a social platform created for everyone who wants to enjoy the metaverse’s creativity but doesn’t want to deal with its complexities. 

Users can create, design, and furnish apartments with intuitive tools that require neither SDK nor programming experience. 

Ethereum Towers CEO Jason Zemgulis commented: 

We have taken care to avoid common pitfalls like poor UI flow, unmotivated users, undeveloped land assets, disjointed gaming mechanics, and the absence of community integration in the process of creating the Ethereum Worlds Metaverse. Ethereum Towers’ experience is totally different. Apart from paying attention to the above, we are giving users a user-friendly toolset that’s easy to navigate and learn.

He added: 

This intuitiveness, along with insightful UI and streamlined game mechanics, gives the sizable community of non-gamers a soft entry point, presenting a lucrative opportunity in the near future. We at Ethereum Towers are prepared to use that opportunity. We are delighted about the upcoming mint and sharing our most recent and notable developments.

A unique, state-of-the-art design 

The renowned architects who designed the towers based the design on the DNA helix. This symbolizes the community weaved into Ethereum Towers’ DNA. Each NFT apartment costs 0.2 ETH. 

Every minter gets a ‘loot box’ style gift, which could include an Oculus headset and other real-world prizes, real-world accessories with varying rarities, and more. 

Opportunity to custom-build space 

Residents of the apartments have the opportunity to customize their space. They can host virtual visitors who can attend private and public events to relax or socialize.

They can choose a free artwork or feature NFT art on their apartment walls. The free art comes from the ‘Centers for Excellence for Art and Community’ initiative. 

Finally, Ethereum Towers offers the option to stake apartments for rewards and has a companion app for making in-world purchases.

The post Ethereum Towers launches apartment NFT mint for non-gamers appeared first on CoinJournal.

Source: CoinJournal: Latest Bitcoin, Ethereum & Crypto News

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Despite 2 Entities Holding 73% of the FTX Token Supply, FTT Price Still Holds Above $1 per Unit

Despite 2 Entities Holding 73% of the FTX Token Supply, FTT Price Still Holds Above  per UnitWhile a large fraction of crypto assets dropped a great deal in value during the past few weeks and bitcoin is down 18.2% in 30 days, the exchange coin ftx token (FTT) still trades above a U.S. dollar per unit. Moreover, the unknown entity known as the ‘FTX Accounts Drainer,’ still holds the second largest […]

Despite 2 Entities Holding 73% of the FTX Token Supply, FTT Price Still Holds Above  per Unit

While a large fraction of crypto assets dropped a great deal in value during the past few weeks and bitcoin is down 18.2% in 30 days, the exchange coin ftx token (FTT) still trades above a U.S. dollar per unit. Moreover, the unknown entity known as the ‘FTX Accounts Drainer,’ still holds the second largest FTT wallet with 45.85 million tokens worth $61.44 million.

FTT Remains Above $1 per Unit During the Past 2 Weeks Since the FTX Collapse

It’s been over two weeks since FTX filed for Chapter 11 bankruptcy protection and on that day, FTT was still trading for $3.46 per unit. 16 days later, FTT’s price has consolidated and during the past 24 hours, FTT’s been trading for prices between $1.33 and $1.39 per unit.

In fact, FTT has remained above a single U.S. dollar since Nov. 12, 2022, and it still has not breached the low it saw in September 2019, back when FTT traded for $1.15 per unit. On Sunday, Nov. 27, the exchange token backed by a bankrupt business has around $5.26 million in global trade volume. This week, FTT tapped a high of $1.53 per unit and a seven-day low of around $1.23 per FTT.

Since the inception of FTT, the ERC20 token has seen 411,970 transfers according to the blockchain explorer etherscan.io. On Nov. 27, approximately 24,874 wallets hold the FTT token but the largest wallet holds 195,869,338 FTT or 59.55% of the entire supply.

The second-largest FTT owner is the same person as the ‘FTX Accounts Drainer’ hacker and it holds 45.85 million FTT tokens worth $61.44 million using today’s exchange rates. The Bitdao holds 3,362,316 FTT and Wormhole holds roughly 2,818,904 FTT at the time of writing.

Between the largest and second-largest FTT addresses, more than 73% of all the FTT tokens are held by two entities. During the last seven days, there was approximately $7.69 million worth of FTT transactions greater than $100K. Prior to the FTX collapse and bankruptcy filing, Alameda Research held one of the largest caches of FTT. The former Alameda CEO Caroline Ellison has reportedly left Hong Kong to flee to Dubai.

What do you think about the market performance of FTT token during the last two weeks? Let us know what you think about this subject in the comments section below.

Source: Markets and Prices Archives – Bitcoin News

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