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This bird-inspired art collection is worth a staggering $1B
(Image credit: FlamingoDAO)

We’re used to NFTs fetching high prices, but FlamingoDAO’s bird-themed collection is worth a whopping $1 billion. Yes, you read that correctly: $1 billion. There are 215 CryptoPunks and 22 Bored Apes in this NFT art collection, as well as a lot more. As a result, the collection captures some of the most pivotal periods in the history of NFT art.

A decentralized autonomous organization (DAO) is one whose business rules are stored on the blockchain. Its members have never met, but they all share profits and have the ability to vote on the organization’s rules and destiny.

 If you want to know more, here’s everything you need to know about NFTs.

Flamingo began bidding and buying NFT paintings in October 2020, after collecting 60 ETH from each member (about $23,000 at the time). The value of that investment has risen to a stunning $1 billion.

Thousands of NFT artworks can be found in the FlamingoDAO collection, including 246 Chromie Squiggles, 371 Cryptoblots, five Autoglyphs, and a number of 1/1 NFTs (rare one-of-one minted artworks).

Everything owned by FlamingoDAO is traceable because it is stored on the blockchain.

This bird-inspired art collection is worth a staggering $1B
The FlamingoDAO includes a CryptoPunk #1 (Image credit: FlamingoDAO)

Because they have a flamingo on their Twitter profile, you can often guess who these mysterious NFT billionaires are. These aren’t beginners to NFTs, either, and include some of the most well-known cryptocurrency figures. Stani Kulechov, the creator of the cryptocurrency Aave, is a member, as is Erick ‘Snowfro’ Calderon, the inventor of Art blocks.

“The whales are all together,” Aaron Wright, a FlamingoDAO founder member, told Coindesk of the members, who include traders, developers, painters, and builders. […] That is why these things are so strong. They’re arranged horizontally.”

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