Former world-leading Bitcoin exchange Mt Gox has resurfaced in the crypto scene with plans to airdrop NFTs through an initiative tagged the Commemorative MtGox NFT.
Although the NFT drop is free, it is only opened to all former MtGox customers who owned an account between 2010 and 2014.
According to an announcement, MtGox’s NFT is an ERC-721 compliant NFT with several extra features intended to cover specific use cases.
In the last 24 hours, bitcoin has been up by 6.1%, with a current price of $47,522.32 as of the time of writing this. Within 24 hours, bitcoin experienced a $44,722.04 low and $47,678.01 high. The trading volume of bitcoin in the last 24 hours is $32,149,311,036. The current market capitalization of bitcoin is $902,686,661,920. Currently, $19.00M bitcoins are in circulation.
Stats and Image from Coin Gecko
To get an NFT, all 1066097 users must file for claim and scale through a verification process to prove that they were MtGox customers. After that, an investigation into filed claims and account information will begin.
“Once a claim is filed an investigation will begin, and provided information will be matched with available details in order to verify ownership of a given MtGox account.”
MtGox used to be the world’s largest exchange during the infancy age of Bitcoin. However, its operations came to a halt in 2014 after it suffered a major hack, which resulted in the theft of about 850,000 bitcoins.
One of the use cases of the NFT, according to Mt Gox, is that it proves “you’re OG.” Meaning that the user has been in the Bitcoin game since the early days. Other use cases include access to possible future DOA governance, access to future airdrop, etc.