A decentralized organization (or DAO) has purchased an NFT that represents — and can be redeemed for — a very large tungsten cube. The organization, which includes notable pseudonymous NFT collector Vincent Van Dough, bought the NFT for 56.9 ETH ($250,000). According to the auction details, 10% of the proceeds will go to a charitable cause. Memeing into reality: For those who don’t spend all day on Twitter, here’s some context. Last month, Coin Center’s director of comms Neeraj Agrawal made a fake Bloomberg headline that crypto traders were buying up tungsten cubes, causing prices to skyrocket. This led to crypto ... (full story)