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Crazy shopping spree for a $930,000 NFT, what is Flamingo DAO?

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Flamingo DAO purchased 26 NFTs, including Matt Kane, DCA, Zeblocks, and Emily Xie, within just over an hour, with a total value of 448 ETH, approximately $939,400.

The NFT market has become lively again at the beginning of December.

According to data from NFTstats.eth, the trading volume of ETH NFT has doubled compared to last week.

On December 1st, Flamingo DAO, a DAO organization focused on investing in NFTs, purchased 26 NFTs including Matt Kane, DCA, Zeblocks, and Emily Xie, with a total value of 448 ETH, approximately $939,400 USD, in just over an hour.

Crazy shopping, pushing up the floor price of multiple NFTs

Early this morning, the official account of Flamingo DAO released 8 "broom" emojis to announce the news of NFT shopping to the community. In the following hour, Flamingo DAO purchased 26 NFTs.

Later, their account tweeted, "We love this space and love all of you. Can't wait to see the emergence of new art. This is not over, it's just the beginning."

Cryptopunk OG @0xRodo has compiled a list of the 26 items purchased by Flamingo DAO in this acquisition, totaling 448 ETH. The items include:

15x Cargo by Kim Asendorf

6x FAKE IT TILL YOU MAKE IT by Maya Man

3x Life In West America by Roope Rainisto

7x Meridian by Matt DesLauriers

3x Genesis by DCA

4x Memories of Qilin by Emily Xie

1x Unigrids by Zeblocks

2x Gazers by Matt Kane

15x Zentrum by Herbert W. Franke

9x Human Unreadable by Operator

2x Elevated Deconstructions by luxpris

5x Genesis by Claire Silver

5x Squares by Martin Grasser

12x Memories of Digital Data by Kazuhiro Tanimoto

13x Skulptuur by Piter Pasma

4x BEEPLE: EVERYDAYS - THE 2020 COLLECTION

2x Grifters by XCOPY

13x Phase by Lauren Bednar

11x Chimera

17x JPEG by Jan Robert Leegte

5x Mazinaw by Eric De Giuli

7x Dnmecut by Robert Jan Leegte

7x Colorspace by Tabor Robak

5x Gumbo by Mathias Isaksen

2x Archetype by Kjetil Golid

7x Fragments of an Infinite Field by Monica Rizzolli

Flamingo DAO's sweeping behavior has also caused the floor prices of multiple NFTs to rise. According to NFTstats.eth, the JPEG floor price has risen from 1.55 ETH to 3.33 ETH, the Life in West America floor price has risen from 4.9 ETH to 7.4 ETH, the Skulptuur floor price has risen from 0.4 ETH to 1.1 ETH, and the CARGO floor price has risen from 1.9 ETH to 2.7 ETH.

Flamingo DAO 为何扫购？

Translation:

Why is Flamingo DAO buying up?

Compared to the DeFi market, the community in the NFT market expects to receive deeper psychological returns, rather than just financial returns. With the continuous rise in the prices of high-quality NFTs, the minimum price of collectibles such as CryptoPunks has reached as high as 56 ETH, which has deterred many people. This has led to the emergence of DAOs in the NFT field, such as Flamingo DAO and PleasrDAO, which use DAO member collaboration to establish a treasury for NFT investment.

Flamingo DAO primarily expands DAO funds by researching emerging investment opportunities on the chain. Holding the belief that blockchain collectors are a new round of investors and curators, Flamingo DAO believes that turning to the study of digital property ownership issues will play an important role in creating unique and unknown digital content markets and consumption methods.

Members of Famingo DAO have the opportunity to include their personal NFT assets in the DAO treasury, thereby obtaining a credit line backed by digital assets. In addition, investors can enjoy various benefits after becoming DAO members. For example, members can showcase their NFTs in the DAO digital gallery, store their NFTs in the DAO treasury for maximum security, split their NFTs, and use them as collateral on other DeFi platforms.

This time, Famingo DAO's scanning behavior has also sparked discussions in the community about NFT transactions.

"NFT lending and refinancing opportunities may have just emerged," according to community user @SignoreGondi, who believes this was sparked by Flamingo DAO's sweeping purchase of major NFT collections.

NFT enthusiast @thomas_g_obrien commented that Famingo DAO's scavenging behavior will allow NFT personal collectors to obtain a time window for truly interconnected digital and artistic items of this era, which will "soon close." In the comments section, crypto user @ClausWilke stated that he had been following Skulptuurs priced at 0.5 ETH or less and had been considering selecting one, but now they are priced at 1.1 ETH.