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Dead Bruv, a Solana-based NFT project, has launched an initiative to purchase a Cold War-era nuclear bunker in Rutland, England, through the sale of 100,000 NFTs. The project, which began as a humorous idea, aims to "make NFTs fun again" by engaging the community in a unique real-world asset acquisition. The NFTs will be sold starting at $14 each, with 10,000 NFTs being airdropped to existing Meatbags holders. If successful, the bunker will be managed by the Billionaire Bunker Club, a DAO where members will vote on its future use, potentially turning it into a survival resort, a venue for end-of-the-world festivals, or a luxury Airbnb. The bunker, once used for monitoring nuclear activities, is listed for auction with a guide price of £650,000. This endeavor reflects a growing trend of using DAOs and NFTs for crowdfunding unique and historical assets, following in the footsteps of projects like ConstitutionDAO and LinksDAO.
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Tesla Chair Robyn Denholm has issued a urgent plea to shareholders to approve CEO Elon Musk’s unprecedented compensation package, potentially worth $1 trillion, warning that his departure could jeopardize Tesla’s future. In a letter to shareholders, Denholm emphasized Musk’s indispensable role in driving Tesla’s success across automotive, robotics, and autonomous driving sectors, arguing that without an equitable pay-for-performance plan, Tesla risks losing his leadership and significant value. The package, linked to ambitious targets like a $8.5 trillion market cap, faces opposition from proxy advisers Glass Lewis and ISS, who deem it excessive. Musk, embroiled in a legal battle over his 2018 pay package, has criticized these advisers harshly. Despite concerns over Musk’s political engagements harming Tesla’s brand, analysts like Dan Ives predict shareholder approval at the November 5 meeting, viewing it as crucial during a critical phase for Tesla. Denholm insists Musk alone can lead Tesla to new heights in growth and societal impact.
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OKX, a leading cryptocurrency exchange, has listed Virtuals Protocol (VIRTUAL) on its spot platform, allowing trading against Tether (USDT) starting at 8:00 UTC after a pre-open session. This listing coincides with renewed market interest in VIRTUAL, which recently achieved a three-month high and a 90% value increase over the past week, despite a recent 7.8% dip to $1.43. Community sentiment remains strongly bullish, with 87% of traders optimistic and analysts forecasting price targets up to $3.2. The network has also experienced significant growth, with daily active wallets surpassing 10,000 and whale transactions rising 240% week-over-week. This momentum is fueled by ecosystem expansions, including AI agent integrations and the listing of agent tokens on Coinbase, enhancing VIRTUAL's utility. OKX has implemented measures like price restrictions and a $10,000 limit on orders during the initial trading minutes to manage volatility. As Virtuals Protocol regains market attention, its ability to sustain this upward trajectory remains to be seen, but current trends and strategic developments signal a promising revival for the altcoin.
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StoneCo, a Brazilian fintech company, has captured investor attention with a remarkable 139.4% year-to-date stock gain, alongside recent weekly and monthly increases of 3.9% and 3.6%, respectively, despite a 63.4% decline over five years. The article by Simply Wall St highlights a compelling turnaround story fueled by Brazil’s evolving digital payments landscape and regulatory clarity, which, combined with StoneCo’s focus on small business ecosystems, has shifted investor sentiment toward optimism. Valuation analyses underscore the stock’s potential, with an Excess Returns model indicating a 53.2% undervaluation and a Price-to-Sales (P/S) Fair Ratio of 3.08x against a current 2.02x, suggesting a discount to its fundamental value. Financial metrics are strong, with a 23.78% Return on Equity and a projected earnings per share of $11.82. Additionally, the Narratives tool on Simply Wall St allows investors to craft personalized valuation stories, with community fair value estimates for StoneCo ranging from $14.37 to $19.97 per share. While the stock appears undervalued across multiple metrics, the article emphasizes a long-term, data-driven perspective and notes it is not financial advice, encouraging investors to consider their own objectives and the latest company developments.
