Ebisu’s Bay to Host One-Time DMM Auction

8 Degen Mad Meerkat NFTs will be auctioned off, with the proceeds being burnt.

By
Web3Wire
on
May 23, 2022
Category:
NFT

Auctioneer 

Mad Meerkat Finance (MMF) and Ebisu’s Bay are teaming up with an MMF Non-Fungible Token (NFT) collection coming to Ebisu’s Bay for a special auction. In the near future after their initial mint on May 13th, 8 Degen Mad Meerkat (DMM) NFTs will be auctioned off on Ebisu’s Bay. All 8 NFTs will be Legendary, granting them extra value for holders. There is no established date for the auction as of now.

The auction will be held using $MAD, the native token of the Mad Meerkat Finance ecosystem. Bidding will start at 55 $MAD, with all proceeds from the auction being burnt.

Along with the Legendary NFTs up for grabs, the auction also gives users a sneak preview of upcoming Ebisu’s Bay features - a metaverse auction house and an upgraded system for NFT auctions. These features are part of an effort to drive NFT innovation on Cronos, with the marketplace seeking to cement its role as an industry leader.

The Significance

The DMM auction is mutually beneficial for both Ebisu’s Bay and MMF - and the Cronos NFT scene as a whole. 

Ebisu’s Bay benefits from having the trending NFT collection auction away Legendary NFTs on the marketplace, increasing user traffic. MMF will have access to the rapidly expanding user base of Ebisu’s Bay, increasing potential bidders and the burn amount. The Cronos NFT space can only benefit from having two top ecosystem players join forces to hold a one-time special event.

What is Mad Meerkat Finance?

Mad Meerkat Finance (MMF) has one of the largest ecosystems in Cronos, offering a decentralized exchange, a yield optimizer, the Mad Meerkat NFTs, a project launchpad, and more. The platform is an automated market maker, and the exchange lies at the center of the ecosystem. MMF enables users to earn passive income by staking crypto assets in liquidity pools with high APR.

Find more about Mad Meerkat here:

Website | Twitter | Medium | Documentation | Telegram | Discord | Telegram Announcements

What is Ebisu’s Bay?

Source

Ebisu’s Bay is the first and largest NFT marketplace on Cronos Chain. By using the native token of the Cronos chain, CRO, the Cronos community can trade, buy and sell NFTs peer-to-peer with other NFT traders and consumers. However, Ebisu’s Bay is much more than an NFT marketplace, as it serves as a launchpad for new NFT collections. These collections have the ability to customize collections, NFT smart contract advice, the ability to mint NFTs, or simply join a proactive community of NFT enthusiasts.

Where to find Ebisu’s Bay:

Website | Twitter | Discord | Blog | Instagram |

Check out the Web3Wire Linktree to keep up with all relevant Web3 and Crypto!

Follow us on Twitter and Instagram!

Disclaimer

Ebisu’s Bay is a paid PR Client; Web3 Wire does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials from Ebisu’s Bay. The project team has purchased our Cronos News & Web3 Wire Media Coverage for $7,200 per month. Readers should do their own research before taking any actions related to the company.

Web3 Wire is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services re-distributed from Ebisu’s Bay.

Tags:
No items found.
Web3Wire

Text Link

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.