{"id":4595,"date":"2023-03-09T10:14:13","date_gmt":"2023-03-09T10:14:13","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/03\/09\/vitalik-buterin-nft-collection-takes-off-nft-news-today\/"},"modified":"2023-03-09T10:14:13","modified_gmt":"2023-03-09T10:14:13","slug":"vitalik-buterin-nft-collection-takes-off-nft-news-today","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/03\/09\/vitalik-buterin-nft-collection-takes-off-nft-news-today\/","title":{"rendered":"Vitalik Buterin NFT Collection Takes Off &#8211; NFT News Today"},"content":{"rendered":"<p><\/p>\n<div>\n<p><em><strong>Traders are flocking to buy the \u2018Quality Drop 01\u2019 by Metalabel, which includes a digital version of a 2018 whitepaper co-authored by Buterin.<\/strong><\/em><\/p>\n<p>The creator of Ethereum, Vitalik Buterin, is once again making the headlines. However, for the first time, he\u2019s endorsing an NFT collection by Metalabel x Gitcoin Presents.<\/p>\n<p>The collection is a tribute to <a href=\"https:\/\/vitalika.xyz\/en-ie\" target=\"_blank\" rel=\"noopener\" title=\"\">Quadratic Funding<\/a>, and includes a 2018 whitepaper co-authored by Buterin. During the initial sale period, 9221 NFTs sold out, capturing $781,274 in total revenue.\u00a0<\/p>\n<p>Now, the collection is catching fire<a href=\"https:\/\/opensea.io\/collection\/gitcoin-presents\" target=\"_blank\" rel=\"noopener\" title=\"\"> on the secondary market<\/a>, with the floor price rising to 0.448 ETH ($688). Seemingly, traders are clamoring for a copy of the Buterin-inspired collectible. At the time of writing, the collection has seen over $10 Million in trading volume.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"\/>\n<h2><strong>The Whitepaper<\/strong><\/h2>\n<p>The whitepaper \u201cLiberal Radicalism: A Flexible Design For Philanthropic Matching Funds\u201d was co-authored by Buterin, alongside\u00a0<a href=\"https:\/\/papers.ssrn.com\/sol3\/cf_dev\/AbsByAuth.cfm?per_id=1186331\" target=\"_blank\" rel=\"noreferrer noopener\">E. Glen Weyl<\/a>\u00a0and\u00a0<a href=\"https:\/\/papers.ssrn.com\/sol3\/cf_dev\/AbsByAuth.cfm?per_id=3110864\" target=\"_blank\" rel=\"noreferrer noopener\">Zo\u00eb Hitzig<\/a>.<\/p>\n<p>Moreover, the whitepaper discusses the theory of Quadratic Funding \u2013 a radical idea that proposes a mathematical solution for directing funds towards projects. In essence, Quadratic Funding gives a foundation for directing resources in a way that benefits the many \u2013 as opposed to the few. Buterin is <a href=\"https:\/\/nftnewstoday.com\/2022\/08\/11\/buterin-reveals-sobering-outlook-for-corporate-metaverse\/\" target=\"_blank\" rel=\"noopener\" title=\"\">not big on corporate monopolies<\/a>, and believes in the decentralized metaverse.<\/p>\n<p>Copies of the digital collectible include the signatures of the three authors Buterin, Weyl and Hitzig.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><figcaption class=\"wp-element-caption\">The first in Metalabels Quality Drops series this release by Gitcoin X Metalabel<\/figcaption><\/figure>\n<\/div>\n<h2><strong>The quality drop<\/strong><\/h2>\n<p>The Quadratic Funding Collection is a collaboration between Metalabel and Gitcoin Presents. Furthermore, Metalabel is releasing a series of Quality Drops, which are digital collectible \u2018Records\u2019.<\/p>\n<p>Each Record will consist of physical and digital creations like art, essays and even <a href=\"https:\/\/nftnewstoday.com\/category\/music\/\" target=\"_blank\" rel=\"noopener\" title=\"\">music<\/a>.<\/p>\n<h2><strong>Metalabel movement<\/strong><\/h2>\n<p>Metalabel provides a platform for creators to release work, while collaborating and supporting one another. Furthermore, Metalabel envisions a world where we don\u2019t compete for likes, followers and attention. Instead, creators work together to pool their skills, audiences and resources.\u00a0<\/p>\n<p>Thus, a Metalabel is a group of creators with a shared identity, releasing NFT drops that represent their collaboration.\u00a0<\/p>\n<p>Metalabel co-founder Yancey Strickler told Decrypt: \u201cWe\u2019re blown away by the response to Quality Drop 01 and what it means for the future of creative collaboration.\u201d<\/p>\n<p>\u201cHelping to generate more than $700,000 in funding for public goods and a newfound appreciation for great creative work using the record format says this is an exciting new way for creators to release and fund their work.\u201d<\/p>\n<\/div>\n<p><a href=\"https:\/\/nftnewstoday.com\/2023\/03\/09\/vitalik-buterin-nft-collection-takes-off\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=vitalik-buterin-nft-collection-takes-off\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Traders are flocking to buy the \u2018Quality Drop 01\u2019 by Metalabel, which includes a digital version of a 2018 whitepaper co-authored by Buterin. The creator of Ethereum, Vitalik Buterin, is once again making the headlines. However, for the first time, he\u2019s endorsing an NFT collection by Metalabel x Gitcoin Presents. The collection is a tribute [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4596,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftnewstoday.com\/wp-content\/uploads\/2023\/03\/Credit-Flikr-Quadratic-Funding-.png","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/4595"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=4595"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/4595\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/4596"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=4595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=4595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=4595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}