Cindicator, a crypto investment platform, announced today that its first NFT on Stoic, an automated crypto investment app with AI, has sold for 36.75 ETH or over $140,000 at the current rate. The winning bid came from someone named _satoshi.
The Stoic NFT is named Zeno of Citium, the founder of Stoicism. He believed that happiness and peace of mind come from living by reason and nature. His ideas profoundly influenced many generations of philosophers after him.
This 1:1 NFT gives free lifetime access to the Stoic app, which offers trading strategies built for Cindicator Capital, a quant hedge fund. The holder of the NFT can connect the Stoic algorithm to a Binance account with a balance of up to $10 million. The usual Stoic annual fee is 5%.
Launched by Cindicator, Stoic automatically builds and rebalances a long-only portfolio of crypto-assets based on quant research and AI. Since its release in September 2020, over 10,000 clients have connected to Stoic holding over $100M in crypto. From March 2020 to September 2021, Stoic returned +2,189%.
“Selling lifetime access to a product as an NFT is a unique case. Besides its collectible value from rareness, it carries real utility in the Stoic app. The holder can manage up to $10 million with Stoic and use the NFT as an on-chain signal of credibility to unlock other opportunities.”
– Mike Brusov, Co-Founder and CEO of Cindicator