With advancements in the world of cryptocurrencies and smart contracts, NFTs have become the new go-to digital asset acquisitions. Owing to the internet, awareness among investors is increasing by the minute. Consequently, only NFTs with solid fundamentals and utility remain in demand.
One such project is the soon-to-launch Mushe (XMU) NFT. Mushe (XMU) had created waves through its XMU token’s presale and has been in the spotlight for a while. Investors are looking forward to XMU’s NFT launch on 31 October 2022. On the other hand, disappointment among investors has peaked with the news of Three Arrow Capital’s NFT collection heading toward liquidation.
Three Arrow Capital’s NFT Collection is underway for liquidation
What once used to be a high-profile hedge fund in the world of cryptos, Three Arrow Capital, filed for bankruptcy in June 2022 after the unexpected collapse of Terra’s LUNA and UST ecosystem. They claimed to owe $3.5 billion to their creditors. In August 2022, when the NFT market experienced a bull run, Three Arrow Capital’s Starry Night Capital Fund announced the launch of their NFT collection, under the pseudonymous name of Vincent Van Dough, as their collector.
Starry Nights Fund spent over $21 million building the collection. However, as a part of their bankruptcy proceedings, Teneo, their liquidator firm, will acquire and sell these NFTs in the open market. An analytics tool, DappRadar, has estimated the value of these NFTs to be less than $5 million. However, with increasing demand for artwork NFTs, Teneo may be able to make millions of dollars by liquidating Starry Night NFTs. Only time will tell the price these high-value NFTs will sell in the market.
Crypto adherents are excited about the launch of Mushe (XMU) NFTs
Mushe (XMU), the decentralized cryptocurrency platform, launched in July 2022, has been growing with leaps and bounds. The platform’s native token, XMU, received an overwhelming response through its presale and is currently trading at $0.02 on Uniswap. To keep the token in demand, the total supply of the XMU token has been capped at 777 million.
The project, Mushe World, aims to improve the cryptocurrency adoption rate by increasing awareness among existing and potential investors. Mushe is originally developed on the Ethereum blockchain. However, it is expected to migrate to the Stellar blockchain for lower costs and better financial inclusion. Moreover, the Stellar Blockchain will open doors to lucrative collaborations with leading financial institutions and service firms.
The team behind Mushe World (XMU) is tirelessly working to improve the ease of accessing digital assets among a group of global investors. Since the launch of the XMU token, Mushe has been working on partnerships with Fintech institutions and is set to launch the Mushe Wallet shortly. The next step in Mushe’s roadmap is the launch of their most awaited NFTs, which as mentioned earlier, are scheduled for Haloween 2022. The immense success and a promising vision have set Mushe World apart and ahead of its competitors.
The launch of Mushe NFTs will be another remarkable milestone in the long, budding journey of Mushe (XMU). The project is still in its initial growth phase, and with all that is planned it could be the right time to be a part of Mushe’s journey.
How To Purchase Mushe (XMU)
For newcomers looking to get involved and buy Mushe tokens, you will need a compatible ERC20 wallet such as Metamask or Trust Wallet, which will need to be connected to UniSwap or you can use the MusheSwap website: https://swap.mushe.world/.
Once the wallet is connected to UniSwap, you will need to press the swap button and specify Mushe (XMU) contract address: 0x56123908ACA89bf60cE9659aE9F4589E46c8D2cF, or you can click the link here: https://app.uniswap.org/#/swap?chain=mainnet&outputCurrency=0x56123908ACA89bf60cE9659aE9F4589E46c8D2cF.
After this, all that is left to do will be to confirm the amount of XMU tokens you would like to buy and the crypto you would like to exchange for it and complete the swap.
Learn more about Mushe (XMU)
Official Website: https://www.mushe.world/
Community Links: https://linktr.ee/musheworld
XMU Contract: 0x56123908ACA89bf60cE9659aE9F4589E46c8D2cF