Justin Sun, the mystical creator of blockchain network TRON, came within a whisker of purchasing the world’s most expensive NFT, Beeple’s The First 5,000 Days. Possibly still stinging from that close call, Sun made no error when he won an auction for NFT Glee’s Golden Whale Pass on Friday. The NFT grants Sun lifetime whale access to all future Bitcoin Conference occasions, as well as a slew of VIP benefits at the 2021 Conference in Miami this weekend.
Justin Sun Wins NFT Auction
Justin Sun, the founder of TRON and the CEO of BitTorrent, won the auction for the first-ever Golden Whale Pass, an NFT (non-fungible token) based upon the Liquid Bitcoin sidechain and issued by NFTglee. Sun paid 12.6 BTC for the Whale Pass, making it the most expensive Bitcoin-adjacent NFT ever offered.
Sun stated the purchase represents a major turning point for Bitcoin.
“Bitcoin is among the very best methods of saving value,” Sun stated, “but great deals of people don’t understand you can in fact establish NFTs on the Bitcoin network.”
“It is exciting to see massive NFT use cases such as the Golden Whale Pass, and I am thrilled to be a part of this tradition. Congratulations to the Bitcoin Conference group and the NFT Glee group– I intend on donating this NFT to the APENFT job and eagerly anticipate using my pass well into the future.”
However, the purchase was not simply a symbolic program of support for Bitcoin NFTs. Sun kept in mind the real-life advantages connected to the Golden Whale Pass NFT. As the purchase consists of a lifetime pass to attend all future Bitcoin conferences, Sun revealed his enjoyment about participating in the occasion, which he called “the most influential and important event in the crypto neighborhood.”
“That’s why I feel this Golden Whale Pass is incredibly precious to me,” Sun said, “Bitcoin is all about the community. We constantly require to find the time to sit down together to discuss the future of Bitcoin. I think we require to get together every year to develop and innovate Bitcoin and blockchain technology to bring our innovation to mass adoption.”
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While the year 2020 was the year of DeFi, the year 2021 was the year of NFTs. The NFT market is flowering with fresh innovative principles and investment thanks to the interest of respected idea leaders, sportsmen, influencers, and celebrities. Justin has actually been a long-time supporter of NFTs and has actually used his platform to assist inform and establish the NFT community and its applications. Justin feels that NFTs might function as a bridge in between the traditional and digital art worlds, along with a terrific place for digital artists to shine.
Justin recently contributed his whole collection of art to the APENFT project, including Beeple’s “OCEAN FRONT,” Picasso’s “Femme nue couchée au collier,” Andy Warhol’s “Three self portraits,” and most recently, a full collection of works by the popular artist Pak, after being impressed by the team and their vision to be the ARK Funds in the NFT space. The APENFT group successfully launched their first native token $NFT on Huobi Prime, in addition to Poloniex LaunchBase 2 and Huobi Prime.
The BitTorrent CEO and TRON founder is positive about NFTs, believing that the decentralized network he runs is finest suited to providing digital artwork and antiques at scale. Sun isn’t hesitant to put his cash where his mouth is by declaring a big stake in the NFT economy, as his newest acquisition shows.
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Included image from Pixabay, Charts from Tradingview.com