According to a tweet from Wu Blockchain, more than 1,200 NFTs have been liquidated in the past three days, marking the largest liquidation in NFT history.
Since June 2021, the NFT/gaming sector has been the most popular track for VCs in the web3 space, but last month, the enthusiasm dissipated. Prices fell, and trading volume and liquidity continued to decline. The overall market value of the NFT industry plummeted by 53%, and the blue-chip benchmark BAYC has fallen by 90%, far from its historical high.
Under this circumstance, blockchain infrastructure has surpassed NFT and games to become the most popular track for venture capital. In an upcoming funding report, The Block Research noted that continued bear market conditions have prompted investors to focus on underlying companies and projects.
Notable deals in June included Mythical Game’s $37 million Series C1 funding round, and Cosmos blockchain Neutron’s $10 million seed round led by Binance Labs and CoinFund.
In addition, with more than 1,200 NFTs liquidated in the past three days (the largest liquidation in NFT history), Huang Licheng's address machibigbrother.eth accumulated 84 Azuki on July 3, becoming the second largest holder (according to Lookonchain monitoring). He spent 646 ETH to buy 108 Azuki, with an average purchase price of 5.98 ETH; he sold 24 Azuki at a price of 133.5 ETH, with an average selling price of 5.56 ETH.
How do you say that?
When others are fearful, I am greedy; when others suffer small losses, I go bankrupt.
