OpenSea Sees Explosive Demand for 'Vitalik' NFT Collection Tied to Ethereum Co-Founder – Here's What You Need to Know

cryptonews.com:

Since its association with Ethereum co-founder Vitalik Buterin was revealed, the "Gitcoin Presents" NFT collection has surged to the top spot on OpenSea.

Created by Metalabel in collaboration with Web3 funding platform Gitcoin, the collection is based on Quadratic Funding, a funding model designed by Vitalik Buterin, Harvard economist Zoë Hitzig, and RadicalxChange founder Glen Weyl. 

The drop includes the project’s 2018 whitepaper, a poem, and even physical prints signed by the three founders. 

While the open edition mint launched on March 1, the collection found momentum just recently after some NFT traders spotted its connection with Buterin. 

So far, the collection has amassed around 5,600 ETH ($13.4 million) in cumulative trading volume, according to data by OpenSea. 

Furthermore, the collection consists of 9221 items, with a floor price of 0.3047 ETH (worth around $430).

Each NFT in the collection looks like an album cover and includes a digital version of Quadratic Funding's 2018 whitepaper “Liberal Radicalism: A Flexible Design for Philanthropic Matching Funds” signed by Buterin and his co-authors, economists Glen Weyl and Zoë Hitzig. 

Furthermore, twelve Signature Edition records come with physical copies of the project’s whitepaper. These were called special “Signature Edition” records and were reserved for collectors to mint at 10 ETH, or over $15,000.

The collection's website notes that Gitcoin and Metalabel are the ones releasing the Quadratic Collection “to commemorate and preserve this original work and to raise funds for public goods.” It also says 70% of the funds from the sales will go toward Gitcoin, 20% to the Plurality Institute, and 10% to Metalabel. 

Quadratic Funding is a model used in the matching process