DeFi community rallies behind PoolTogether to hit $1.4M NFT defense funding target

United States News News

DeFi community rallies behind PoolTogether to hit $1.4M NFT defense funding target
United States Latest News,United States Headlines
  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 51%

It has taken the project just ten days to reach its funding goal of 769 ETH, signaling strong support for the DeFi community who are rallying against a lawsuit that some feel is an attack on the greater sector as a whole.

three tiers of NFTs as part of a funding campaign dubbed “PoolyNFT'' to fight a class-action lawsuit that it feels has “no merit.”

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.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.

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. The PoolyNFT team tweeted the milestone on June 6 and noted that “over 4,200 unique wallets are now holding Poolys. Absolutely amazing to see what’s been accomplished by the community rallying together.” While PoolTogether co-founder Leighton Cusack also“Don't have a lot of words right now. Blown away by how the community has rallied around PoolTogether Inc and myself.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Cointelegraph /  🏆 562. in US

United States Latest News, United States Headlines



Render Time: 2025-02-21 06:16:43