{"id":1460,"date":"2022-06-12T12:20:00","date_gmt":"2022-06-12T07:50:00","guid":{"rendered":"https:\/\/k1arts.com\/?p=1460"},"modified":"2022-06-06T12:21:15","modified_gmt":"2022-06-06T07:51:15","slug":"defi-community-rallies-behind-pooltogether-to-hit-1-4m-nft-defense-funding-target","status":"publish","type":"post","link":"https:\/\/k1arts.com\/?p=1460","title":{"rendered":"DeFi community rallies behind PoolTogether to hit $1.4M NFT defense funding target"},"content":{"rendered":"

\u201cDon’t have a lot of words right now. Blown away by how the community has rallied around PoolTogether Inc and myself,\u201d said PoolTogether co-founder Leighton Cusack.<\/p>\n

No-loss lottery decentralized finance (DeFi) platform PoolTogether has reached 100% of its legal defense funding goal via the sale of NFTs.<\/p>\n

It has taken the project just ten days to reach its funding goal of 769 Ether (ETH) or $1.4 million, signaling strong support from the DeFi community who are rallying against a lawsuit that some feel is an attack<\/a> on the greater sector as a whole.<\/p>\n

PoolTogther is currently selling<\/a> three tiers of NFTs as part of a funding campaign dubbed \u201cPoolyNFT” to fight a class-action lawsuit that it feels has \u201cno merit.\u201d<\/p>\n

The NFTs are priced at 0.1 ETH, 1 ETH and 75 ETH a pop, and vary in the number of total minted tokens, and the project will eventually roll out ‘hodler utility’ for the NFTs moving forward.<\/p>\n

Cointelegraph previously reported on June 1 that PoolTogether\u2019s fundraising project<\/a> had hit around 471 ETH last week, with support coming from big figures in the crypto space such as general partner of Andreessen Horowitz, Chris Dixon, who bought a Pooly Judge tier NFT for 75 ETH, or roughly $141,000 at current prices.<\/p>\n

At the time of writing, the figure for funding raised now stands at 788.40 ETH, or roughly $1.474 million. Notably, the campaign has another 16 days to go, and if all of its NFTs are sold it will have generated 1,076 ETH, or $2 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cDon’t have a lot of words right now. Blown away by how the community has rallied around PoolTogether Inc and … <\/i>Read More<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":1461,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[93],"tags":[99,96,103],"class_list":["post-1460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-innovative","tag-k1arts","tag-nftcommunity"],"_links":{"self":[{"href":"https:\/\/k1arts.com\/index.php?rest_route=\/wp\/v2\/posts\/1460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/k1arts.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/k1arts.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/k1arts.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/k1arts.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1460"}],"version-history":[{"count":2,"href":"https:\/\/k1arts.com\/index.php?rest_route=\/wp\/v2\/posts\/1460\/revisions"}],"predecessor-version":[{"id":1463,"href":"https:\/\/k1arts.com\/index.php?rest_route=\/wp\/v2\/posts\/1460\/revisions\/1463"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/k1arts.com\/index.php?rest_route=\/wp\/v2\/media\/1461"}],"wp:attachment":[{"href":"https:\/\/k1arts.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/k1arts.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/k1arts.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}