90,000 BUN record, first degree achievement, and more

Melanie kondo
lootnft
Published in
2 min readJul 19, 2021

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We are thrilled to announce that our first set in the Arena, “Breathe,” has been successfully completed. On July 14th, 2021, “The 01,” the final NFT in the set, was sold for an outstanding 94,257 BUN, setting a new record on the platform. This selling price translates to USDC 5,662.41.

The creator of “The 01,” @Ittishubham_art from Mauritius, has delivered a remarkable piece of art. The NFT was sold to @AJAmado, who achieved the distinction of becoming the first member on our platform to receive a degree reward by winning a simple majority of 3 out of 5 NFTs in the set.

A degree is a badge awarded to members who complete the simple majority of a set, granting them a 10% weightage in the oven. Members can earn more BUN from the weekly oven distribution every Sunday at 00:00 UTC. Achieving degrees also upgrades the BUN to Ticket ratio when mining Tickets, allowing members to use less BUN when mining Tickets, depending on the degree status achieved. It’s worth noting that the conditions regarding BUN to TIX ratios effective after the 10th of July are subject to change.

We would like to thank our community members who have joined and participated in the auctions thus far. Your support has helped us prove the value of our solution. We are looking forward to unlocking more degrees, completing more sets, and having intense battle bid-offs with new NFTs in the arena.

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