APENFT Foundation completes the first repurchase and destruction of 1 trillion NFTs

On July 16, the APENFT Foundation officially announced that it had completed a $2.52 million NFT repurchase and destruction plan involving 1,030,067,282,396.0035 NFTs. The destruction address is T9yD14Nj9j7xAB4dbGeiX9h8unkKLxmGkn, and the transaction record is: https://tronscan.io/#/transaction/d90b4be8df77655acf788ae9909883e3f0bd941a5b0a1c1625f14f116732d97e.

According to previous media reports, the $2.52 million repurchase funds came from Andy Warhol's "Three Self-Portraits" NFT previously sold on BinanceNFT MarketPlace. On June 27, the work was auctioned by an anonymous buyer for 2.8 million BUSD (about 2.8 million US dollars). After deducting a 10% transaction fee, APENFT's final income was 2.52 million BUSD (about 2.52 million US dollars). Subsequently, APENFT's official Twitter account tweeted that it intends to use all the funds to repurchase NFTs and destroy them. On July 7, the APENFT Foundation initiated a relevant community vote on its official website, and the proposal was finally passed on July 10.

As the only token officially released by APENFT, NFT is the governance token of the APENFT ecosystem. NFT token holders participate in the governance of the APENFT system by holding NFT tokens. On May 20, NFT was first listed for trading on Huobi Prime, and the highest increase on the day of listing exceeded 120 times. Subsequently, NFT was listed on dozens of digital currency trading platforms such as P.net.

APENFT is a foundation that is committed to NFTing and blockchaining the world's top artworks, supported by the underlying technologies of Ethereum, the world's well-known public chain, and TRON, combined with the world's largest distributed data storage system BitTorrent File System (BTFS). Since its establishment, the foundation has reached in-depth cooperation with the well-known NFT writer Beeple and the three major NFT auction platforms, Christie's, Sotheby's, and Nifty Gateway, and has formed a complete market foundation relying on the basic users of the world's two major public chains.