Auction – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sat, 13 Sep 2025 16:42:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Auction – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 OSGrid’s annual fundraiser and auction starts in nine days https://earlybirdsinvest.com/osgrids-annual-fundraiser-and-auction-starts-in-nine-days/ https://earlybirdsinvest.com/osgrids-annual-fundraiser-and-auction-starts-in-nine-days/#respond Sat, 13 Sep 2025 16:42:58 +0000 https://earlybirdsinvest.com/osgrids-annual-fundraiser-and-auction-starts-in-nine-days/
ECHO 1 region on OSgrid. (Snapshot by Maria Korolov.)

OSGrid, OpenSim’s largest and oldest public world, will hold its annual fundraiser and auction starting on September 22 in order to support the grid’s hosting environment and community operations.

“The future of OSgrid is powered by your passion and creativity,” organizers said in their call for donations last month.

The event wants creators to donate unique virtual items, including furnishings, avatars, services, jewelry, and entire regions in OAR format, the organizers said. All donated items must be created exclusively for the event and cannot be for sale or available elsewhere.

“ECHO 1 is starting to look fuller,” OSgrid staff member Caro Fayray said in a Facebook post this week. “But we still need more items. And the sooner I have them, the more time for people to view them before the auctions.”

And, of course, people can donate at any time via the grid’s donation page.

(Image courtesy OSgrid.)

Preview of auction items will be available on the Echo 1 as they are received. Contributors or those with questions can contact an admin or Caro Fayray in-world for more information.

Hypergrid link: hg.osgrid.org:80:ECHO 1

Running on volunteers and donations

OSGrid operates as a 501(c)(3) non-profit organization run entirely by volunteers, according to the grid.

All proceeds from the auctions go directly toward keeping the virtual worlds alive and thriving. The fundraiser celebrates community talent while providing crucial financial support for the grid’s operations.

OSGrid has a clear preference when it comes to donations. They’d rather have regular monthly donations of $10 to $15 than big one-time payments, according to their official donation page.

“We strongly prefer a regular donation of $10.00 or $15.00 per month to a one-off payment of $50.00,” administrators said. “This lets us better plan for the growth of the grid.”

Their math is simple: “If 10% of the active userbase paid us $10.00 per month, it would be sufficient to permanently keep the grid infrastructure online, and give us plenty of room to expand as required.”

Just turned 18 and ready to party

OSGrid recently hit a major milestone — its 18th birthday. The grid threw a week-long beach party celebration at the end of July and the beginning of August.

“For 18 years, we have been a cornerstone of the open metaverse, a hub for creators, explorers, and communities,” organizers said.

For the event, the grid transformed Event Plaza into a coastal paradise with “sun-drenched shores, swaying palm trees, cool tunes drifting on the virtual breeze, and a bonfire or two to gather around with old friends and new ones.”

OSGrid has been running almost continuously since 2007. The grid serves double duty — it’s both a testbed for developers and a creative sandbox for builders, scripters, educators, and explorers.

OSgrid’s LBSA Plaza is the crossroad of the metaverse. (Snapshot by Maria Korolov.)

In addition, its LBSA Plaza serves as the unofficial crossroads of the hypergrid, where newcomers get their first taste of virtual worlds and developers test cutting-edge features. That’s where I go if I need to ask someone a quick question about OpenSim, or to meet other people without having to run around for active regions or ongoing events.

Hypergrid link: hg.osgrid.org:80:LBSA Plaza

There’s also no charge to connect regions to the grid in any quantity. You can run a region on a home computer, and, as long as you’re online, anyone can visit the region. You just need to download and run the pre-configured OSgrid region installer. Besides having to have your computer on and the region running for anyone to visit, the other downside to self-hosted regions is that you can only support as many simultaneous visitors as your home computer’s bandwidth allows. However, there are OpenSim hosting providers that can run a region for you at a low cost, and attach it to OSgrid — or any other open grid — for better performance and always-on connectivity.

OSGrid is also hypergrid-enabled, meaning users can hop between hundreds of other grids, attend cross-grid events, and share creations across the entire OpenSim metaverse. In particular, OSgrid users can buy content from the Kitely Market and have it delivered directly to their avatars.

Back from a rough patch

Earlier this year, the grid had about a month of downtime during an extended maintenance nightmare.

“This slightly extended downtime has allowed us to come back stronger, offering a more professional and stable experience for the entire OSgrid community,” grid administrators said in an announcement in April, when the grid came back up.

The problem? Their database had become bloated and broken.

“The current database is a massive burden to the grid,” administrators said. “Sixty percent of it is probably never used, and it kills the performance of our state-of-the-art hardware.”

According to the latest Hypergrid Business data, January 2025 showed OSGrid as the largest grid by land area in the OpenSim ecosystem, with 35,873 standard-sized regions. Today, the grid’s stats page shows a total land area of more than 55,000 square kilometers. With more than 15 standard region equivalents per square kilometer, this means that the grid is now more than ten times bigger than it was then.

I’m checking with the grid managers now to see what’s up with that. Sometimes, people spin up huge tracks of land for roleplay activities — endless stretches of open ocean for naval warfare, or miles of deserts for quest adventures.

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Devcon On-Chain Raffle & Auction Participants https://earlybirdsinvest.com/devcon-on-chain-raffle-auction-participants/ https://earlybirdsinvest.com/devcon-on-chain-raffle-auction-participants/#respond Mon, 25 Aug 2025 06:02:52 +0000 https://earlybirdsinvest.com/devcon-on-chain-raffle-auction-participants/

With the the first-ever on-chain Devcon ticket distributions now behind us, it’s time to talk ticket distribution for all participants!

First, we’d like to offer a sincere “Thank you” to everyone that participated in these first trial rounds for on-chain Devcon ticketing. Thanks to your support, we’re confident in our code and exploring the possibility of expanding these systems in future years.

On the Raffle/Auction processes, the contracts completed their tasks and Ethereum users were on the ball! In the auction round, all bid reveals were completed with two days remaining.

Participants, please read carefully since without contact information on-file, these will serve as your instructions for Devcon attendance!

  1. Everyone that participated in the Raffle and Auction will receive a NFT (a Non-Fungible ERC-721 Token) at the addresses used in the on-chain sales. For help or technical assistance related to your NFT, contact support@ethereum.org.

  2. Visit EtherCards.Devcon.org. Here, and login with the same address used to participate in on-chain sales.

  3. Once you’ve logged in and your NFT has been verified, you’ll find a generated QR code that serves as your ticket to Devcon.

  4. Please be sure to screenshot and/or print this QR code for a speedy entry.

Attendees should redeem their NFTs for tickets in advance. Should you experience any issues, our Devcon registration staff and volunteers at the door will help you to complete the process on-site if needed.

For all details about the venue, schedule, list of speakers, location guides and more, stay tuned to @EFDevcon, Devcon.org, and Blog.ethereum.org.

Finally, we extend our thanks once more to the Ether.cards team for making this year’s on-chain Raffle and Auction possible.

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Dogwifhat’s Famous Knit Cap Fetches Nearly $800,000 in BTC Auction https://earlybirdsinvest.com/dogwifhats-famous-knit-cap-fetches-nearly-800000-in-btc-auction/ https://earlybirdsinvest.com/dogwifhats-famous-knit-cap-fetches-nearly-800000-in-btc-auction/#respond Fri, 08 Aug 2025 16:20:04 +0000 https://earlybirdsinvest.com/dogwifhats-famous-knit-cap-fetches-nearly-800000-in-btc-auction/

A hand-knit hat worn by a Shiba Inu named Achi, associated with the Dogwifhat meme coin, has just been sold for nearly $800,000.

The sale took place on August 7 through the Ordcity platform, which is based on Bitcoin
BTC


$114,298.19

ordinals. The buyer, known as Finn, is the founder and CEO of a meme coin platform called Bags. He said his goal was to bring the hat “back to the community”.

Finn competed against two other bidders, Gr3g and X:md96178. They won the hat with a bid of 6.8 BTC, which was worth about $792,696 at the time.

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He stated that the money came partly from a token on his platform called Buy the Hat and partly from his own funds. According to Finn, this purchase is meant to make sure the hat remains tied to the Dogwifhat community.

After winning, Finn stated in a post on X that he might “update the metadata” of the token. He also added the hat to the Bags logo and hinted that more announcements could be coming soon.

The hat was made by Achi’s owner while living in South Korea. A photo of Achi wearing it was taken two months after the dog was born in 2018. That image eventually became the face of Dogwifhat, a meme coin built on Solana
SOL


$173.05

.

On August 8, the owner posted on X to congratulate Finn. They wrote that the hat has become a symbol across different communities and chains. “We hope it brings you and everyone around you the same luck, fun, and serendipity it brought us”, they said.

Meanwhile, Chris Larsen, a co-founder of Ripple, recently drew attention after a wallet connected to him moved 50 million XRP. How did the crypto community respond? Read the full story.


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Pumpfun reportedly delays token auction to July amid legal troubles https://earlybirdsinvest.com/pumpfun-reportedly-delays-token-auction-to-july-amid-legal-troubles/ https://earlybirdsinvest.com/pumpfun-reportedly-delays-token-auction-to-july-amid-legal-troubles/#respond Fri, 20 Jun 2025 23:50:02 +0000 https://earlybirdsinvest.com/pumpfun-reportedly-delays-token-auction-to-july-amid-legal-troubles/

Pump.fun has delayed its public token sale once again, extending months of uncertainty for users and investors as the popular Solana-based launchpad wrestles with a flurry of lawsuits, Colin Wu reported on June 20.

Pump.fun had aimed to raise $1 billion at a $4 billion valuation through its token auction originally set for June 25. The sale is now expected to happen in mid-July, although the team did not give a precise date or clear reason for the additional delay.

The token launch has reportedly been postponed multiple times since planning began in early 2024, frustrating backers eager for clarity on the platform’s future.

Class action lawsuit

Pump.fun’s legal headaches center on a class action lawsuit filed by Burwick Law on Jan. 15.

The complaint claims that the launchpad operated as an unregistered securities exchange and engaged in systematic price manipulation, inflating the value of tokens minted through its platform and leaving retail buyers with heavy losses when hype subsided.

Max Burwick, founder of the firm, has publicly accused Pump.fun of running what he calls a modern pyramid scheme masked as a viral meme economy. The lawsuit seeks damages and an injunction to halt what the plaintiffs describe as deceptive marketing and trading practices.

On top of the securities claims, Burwick Law and Wolf Popper LLP served Pump.fun with a cease and desist order in February, alleging that user-generated memecoins regularly use trademarks and brand names without permission, exposing the platform to intellectual property liabilities.

Social media ban fuels uncertainty

The project’s struggles spilled onto social media when the official X accounts of Pump.fun and its founder were suspended on June 16 without public explanation.

The ban, which was lifted a few days later, sparked rumors that regulators or legal complaints may have prompted the takedown. However, neither X nor Pump.fun confirmed any link to the pending lawsuits.

The incident mirrored a broader trend, as other crypto startups have reported abrupt suspensions on the platform in recent months, further rattling communities already wary of increasing regulatory crackdowns worldwide.

Pump.fun has since expanded its legal team in an attempt to defend itself against multiple lawsuits and maintain community support. Despite the fresh hires, users and investors remain in the dark about when the token sale, billed as a major milestone for the project, will finally take place.

The repeated postponements have also reignited debate within the Solana ecosystem about the sustainability and legal risks of rapid-fire memecoin launches.

Industry watchers say the outcome of the lawsuits could set an important precedent for other meme-focused platforms navigating the thin line between viral hype and regulatory compliance.

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Silk Road founder receives $31.4M BTC donation after bagging $1.8M in auction https://earlybirdsinvest.com/silk-road-founder-receives-31-4m-btc-donation-after-bagging-1-8m-in-auction/ https://earlybirdsinvest.com/silk-road-founder-receives-31-4m-btc-donation-after-bagging-1-8m-in-auction/#respond Mon, 02 Jun 2025 02:20:15 +0000 https://earlybirdsinvest.com/silk-road-founder-receives-31-4m-btc-donation-after-bagging-1-8m-in-auction/

The founder of the darknet marketplace Silk Road, Ross Ulbricht, received 300 BTC, worth around $31.4 million, in a single donation from an unknown wallet, data from Arkham Intelligence shows. 

Ulbricht, who was sentenced to life in prison, received a full and unconditional pardon from U.S. President Donald Trump on January 21. He was released following the pardon after serving 12 years in prison.

Blockchain data further indicates that Ulbricht transferred the received funds on June 1, sending $31.29 million to one address and $10,000.43 to another. 

The latest donation amount far exceeds those Ulbricht received after his release. A wallet operated by the Free Ross campaign bagged $270,000 worth of Bitcoin within days after he was freed. The funds were donated to “help Ross’s transition into his new life.”

Ulbricht’s personal items have fetched $1.8 million in an auction so far

The above transactions took place after Ulbricht had already secured $1.8 million from his ongoing auction of personal items. The auction, which is live till June 2, is being conducted on the Bitcoin-only marketplace Scarce City. 

In a note on Scarce City, Ulbricht wrote: 

“I’ve decided to auction some personal items from before my arrest and during my time in prison. I don’t need the reminders, and I’m sure some of you will love to have them.”

The personal items up for auction include a sleeping bag and backpack from before his arrest, prison ID cards, and paintings he created during his incarceration. 

Ulbricht’s most recent prison ID card was sold for 5.5 BTC, worth over $580,000, after the winning bid of 11 BTC (worth approximately $1.1 million) was not paid. 

According to the item’s description, Ulbricht had to have his ID reissued with a recent photo in 2024 after a prison guard threatened to suspend his visitation rights. Talking about the ID photo, which depicts Ulbricht smiling, he noted: 

“The guard tried to get me to stop smiling for the photo, but my joy comes from within, so I smiled that day, even though I was in prison :)”

A December 2023 oil painting entitled ‘Archway,’ which Ulbricht created in collaboration with a fellow inmate who goes by Omega, was sold for 1.01 BTC, worth over $106,000. The item’s description noted that Omega had taught Ulbricht oil painting techniques. He wrote:

“I loved the look of this archway in a photograph so much, I had to paint it. It gave me the feeling that, if I could pass through it, something better would be on the other side.”

Ulbricht can access millions of dollars worth of dormant BTC

In addition to the large sums Ulbricht has racked up in donations, he might also have access to millions of dollars worth of BTC that were never seized by the U.S. government. During the 2013 Silk Road bust, the government had seized over 100,000 BTC.

On Jan. 22, Coinbase director Conor Grogan found 430 BTC, worth around $47 million, across multiple wallets linked to Ulbricht. These wallets were lying dormant for over 13 years, Grogan noted. 

Grogan’s discovery was confirmed by Arkham Intelligence, which traced 14 Bitcoin wallets linked to Silk Road, one of which contains BTC worth $9 million.

Earlier last month, two of these dormant wallets became active, transferring 3,422 BTC worth $324.2 million.

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