How To Profit From The 2021 Cryptocurrency Bullrun, Potentially Turn $1000 Bets Into As Much As $271,244 and Know When To Sell Before The Next CRASH... Learn more : [ Ссылка ]

A CryptoPunks NFT Sells for an eye Popping $532 million - The Purchase isn't all it Seems
A CryptoPunks NFT sold for $532 million, but it was paid for with borrowed money that was instantly repaid, Larva Labs said.
Several NFT sales have been performed utilizing these ethereum-based flash loans, according to the CryptoPunks developer.
In June, Sotheby's sold the most valuable legitimate CryptoPunks NFT for $11.8 million.
This week, a CryptoPunks NFT avatar sold for over $532 million in ether, prompting some to question why the price was so high, even in the world of crypto art.
On social media, people speculated about whether it was a fraud, a security flaw, or a criminal trying to hide dirty money.
Larva Labs, the inventors of CryptoPunks, took to Twitter on Friday to explain how one of its NFTs - or non-fungible tokens - looked to have sold for half a billion dollars.
Compare that with the most expensive legitimate CryptoPunks NFT, Covid Alien, which sold at a Sotheby's auction in June for $11.8 million.
The record for an NFT was the $69 million paid for a piece by Beeple in March.
Larva Labs' bot put out an alert Wednesday that CryptoPunk 9998 had been bought for 124,457 ether.
"This transaction (and a number of others) are being done with flash loans," Larva Labs revealed.
As a collateral-free, peer-to-peer way to borrow via the ethereum network, flash loans have proven popular in decentralized finance, or DeFi.
The terms of the loan are laid out in smart contracts, and the money is supposed to be repaid in seconds.
Every step of the procedure is completed in real time on the blockchain, and the borrower is responsible for network processing fees.
The 10,000 existing CryptoPunk avatars are linked to digital currencies on the Ethereum blockchain, just like most NFTs.
The NFTs can now utilise flash loans as a result of this relationship.
Simultaneously, flash loans have been exploited in frauds by taking advantage of flaws in DeFi protocols.
According to a Decrypt story from early last year, one scammer amassed nearly $1 million in ether by convincing bZX lenders that the loan had been repaid.




DISCLAIMER :
I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.
This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.
The clips used in this channel are for non-profit, non-commercial work. No citation here of work by others constitutes any infringement of the Digital Millennium Copyright Act. This clip conforms to all criteria determining the fair and/or scholarly use of citation according to U.S. Federal Law (Sections 107-118 of the Copyright Act; title 17, U.S. Code). All videos in this compilation were used with the owners' permission. See end credits.

For more information refer to youtube's contest policies :
[ Ссылка ]

свернуть