KrauseHouse Raises $ 1.74 Million from NFT Sales to Buy the NBA Team.

On November 23, the Decentralized Autonomous Organization (DAO) Krause House sold Glass NFTs, raising 423 ETH (approximately $ 1.74 million). The organization is focused on marketing to the NBA team. Krause House's NFT hit their goal of starting at 200 ETH (approx. US $ 840,000) within 15 minutes of selling, and the current fundraising target is 1000 ETH or until selling. Krause House aims to buy the franchise rights for the NBA team. Moreover, the franchise policy is implemented in three stages. The Franchise Policy allows members to participate in decisions affecting the operating process, including, but not limited to tickets. Sales, partnerships and general management.