This week’s featured collector is blueraccoon
Blueraccoon is a collector of nostalgic NFTs. Check it out at lazy.com/blueraccoon
The One NFT You Can Keep… Imagine a wild scenario: All but ONE of your NFTs will vanish forever. Which type are you saving?
In a fascinating poll, NFT enthusiasts were asked to make an impossible choice: If all but ONE of their NFTs would vanish forever, which type would they save? The results reveal some intriguing priorities and hint at what really matters most to collectors.
Here’s how the votes stacked up:
Favorite 1/1 Art NFT (50%) – Art holds the crown, proving that uniqueness and personal connection often outweigh financial value.
OG Blue-Chip NFT (25%) – A solid quarter of voters would cling to their blue-chip classics, emphasizing the importance of legacy and prestige.
The One Worth the Most ETH (25%) – When push comes to shove, the value in the market still speaks volumes to many.
A Completely Random One (0%) – Unsurprisingly, pure randomness didn’t earn much love. It’s all about meaning and worth.
The verdict? While market value and status are important, the emotional and creative connection of unique art NFTs ultimately reigns supreme. It’s a reminder that despite all the financial speculation, the NFT space is still driven by personal passion and artistic expression.
Breaking New Ground: The First NFT ETF is Coming
Exciting news for NFT enthusiasts—asset manager Canary Capital has officially filed to launch a exchange-traded fund (ETF) holding that holds NFTs. In this case, the ETF would hold Pudgy Penguins NFTs along with the PENGU governance token. If approved, this innovative ETF would become the first U.S.-based ETF to directly hold NFTs, marking a significant milestone for digital asset integration into traditional financial markets.
According to U.S. regulatory filings, the ETF will not only hold spot PENGU tokens but will also directly invest in various Pudgy Penguins NFTs. Additionally, the fund will maintain holdings in essential digital assets, including Ethereum (ETH) and Solana (SOL), necessary for transactions involving PENGU and Pudgy Penguins NFTs.
This filing by Canary Capital arrives amid a broader wave of ETF proposals seeking exposure to cryptocurrencies, including Sui, XRP, and SOL, as well as prominent memecoins. While some analysts question the mainstream uptake of ETFs tied to less-established cryptocurrencies, this ETF could play a pivotal role in attracting traditional investors to the NFT market.
What could this NFT ETF mean for the future of NFTs? Approval of Canary Capital’s ETF would symbolize mainstream institutional acceptance and could potentially drive increased liquidity, market stability, and broader investor participation in NFTs. It could serve as a significant validation of NFTs as valuable, investable assets worthy of inclusion in diversified portfolios.
Stay tuned as we follow these exciting developments closely. The NFT space continues to evolve, and landmark moments like this could shape its trajectory significantly.
Learn more at CoinTelegraph.
What do you think the proposed Pudgy Penguins NFT ETF?
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