Microsoft and Goldman Sachs team up to launch new blockchain network
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The Fuddies NFTs were released on the Clutchy marketplace, with a public sale starting at 300 SUI and gradually dropping to 150 SUI.
Join FUD Memes with Fuddies
Fuddies NFT is gaining hype as the project looks set to become a blue-chip NFT collection on the newly launched Sui Network.
Fuddies is a collection of 10,000 Sui profile pictures (PFPs) featuring cartoon owls. The mint started on May 3rd, the same day Sui Network launched its mainnet.
The NFT project revolves around FUD memes at a time when meme coins are skyrocketing in price. Their slogan is “FUD around and find out”
Fuddies gained popularity through self-described “we dgaf marketing” with FUD-based jokes/satire
Furthermore, the project’s roadmap is also satirical.
Additionally, members of the community join in to create memes.
Until recently, Fuddies Discord was closed, with people entering based on referrals. Still, the interesting thing about the whitelist is that you can be demoted once you’ve bought it.
The Fuddies NFTs were released on the Clutchy marketplace. The parent company of Sui Network Mysten Labshelped promote the project for 95 SUI (about $125) to users on a pre-launch approval list.
The Mysten Labs co-founders also joined to promote the NFT project.
Using a Dutch auction format, the public sale began with a price of 300 SUI (about $395) which gradually dropped to 125 $SUI (around $142).
Fuddies NFT Minting had problems at launch
The secondary marketplace established by Clutchy did not work as intended, frustrating buyers hoping to flip Fuddie’s NFTs for a quick profit. The marketplace that hosted the drop experienced technical issues after the mint, which led to a backlash from collectors and NFT traders.
The secondary marketplace nevertheless began operating within a short time frame and so far Clutchy has traded $147,778 SUI for Fuddies in the last 24 hours.
Recently, Sui Network was also in the news with its launch. The Sui creators are excited about the chain’s ability to enable more advanced features than other chains, such as dynamic NFTs that update in real time.
According to experts, the gaming industry could ultimately prove to be one of the biggest drivers of NFT momentum on Sui, with notable early releases such as Overwatch-style hero shooter Bushi, a Walking Dead game and the tank game Panzerdogs (a Solana transplant) due soon future. Sui Network ($SUI) is currently trading at $1.13, down 1.49% in 24 hours, with a market cap of $598 million.
What is Sui Network:
Sui is a low-latency, high-throughput layer-1 chain. Sui’s instant transaction completion makes it an excellent choice for on-chain use cases such as DeFi and GameFi. Rust, a programming language focused on fast and secure execution of transactions, is used to create the blockchain. Solana, another high-speed blockchain, also uses Rust as its programming language.
Learn more about Sui Network:
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