Digital Artist Beeple Creates Graphic Image of Cryptocurrency Influencer Covered in Feces in Response to Controversial Token Launch
Digital artist Mike "Beeple" Winklemann created a graphic image of crypto influencer Ben Armstrong covered in simian fecal matter, in response to Armstrong's involvement in a crypto token called BEN. Armstrong committed to paying roughly $430,000 for a 20% stake in the meme token and control over its liquidity pool, which has been criticized by many as "mind-blowing idiocy." Bitboy, another cryptocurrency influencer, faced criticism from his own followers over his motives. When Beeple called out Bitboy's credibility, Bitboy responded by comparing Beeple to a notorious serial killer. Decrypt reached out to Bitboy and Ben.eth for comment, but did not receive a response.
NFT Artist and Collector OSF: 'NFTs Are Just a Medium'
London's House of Fine Art (HOFA) gallery is hosting an exhibition called "Beyond the Screen," which features NFT artworks by artists such as XCOPY, OSF, and DeeKay. However, the word "NFT" is not used in the exhibition, as OSF argues that NFTs are just a medium, like oil canvas or photographs. He believes that people will start buying NFTs without knowing they are NFTs, which will help overcome the stigma attached to them. The exhibition aims to showcase that there are artists with genuine intentions trying to achieve noble things within the NFT art space, despite the association with crypto bro culture.
NFT Trading Activity Drops to Lowest Level Since August 2021 Due to Blur's Incentive Program and Market Volatility
According to The Block Research, the number of NFT traders active on a weekly basis has dropped to its lowest level since August 2021. This decline is attributed to the erosion of pricing caused by liquidity farming, which was driven by Blur's incentive program aimed at luring traders away from OpenSea. The lower pricing, combined with market volatility, has reduced the number of traders, as it has dampened the usual urgency to buy among regular traders. The impact of Blur's strategy has been unprecedented, as liquidity farming has surged, instigating a downward pressure on the market floor and threatening liquidity.
Copium Launches with Exciting NFT and Token Airdrop Campaign, Surges 1000% on Uniswap
$COPIUM, a new meme coin, has gained popularity in the Web3 community due to its exciting NFT and token airdrop campaign. The coin saw a 1000% increase in value within minutes of its launch on decentralized exchange Uniswap, with early buyers eager to invest given the support of influential figures in the crypto industry. The project aims to establish itself as a leading meme token in the crypto space, with a well-connected community of backers and a unique NFT drops and anti-dumping design. The team behind $COPIUM has announced an airdrop competition for its top 200 token holders, which involves the distribution of NFTs featuring a Copium tank. However, readers should always do their own research before investing in cryptocurrencies, which are highly volatile investments with considerable risk.
EIP-6147: Expanding the Imaginative Space of NFTs at the Protocol Level
This article introduces EIP-6147, an Ethereum Improvement Proposal that extends the possibilities of non-fungible tokens (NFTs) at the protocol level. It discusses the popularity of NFTs, their associated problems, and the need for enhanced security and reliability.
ApeCoin DAO Launches Accelerator to Incubate Projects Using ApeCoin Tokens and Improve Bored Ape Yacht Club NFT Collection
ApeCoin DAO has approved a new community proposal to launch an Accelerator that will support the incubation of projects using apecoin tokens to enhance the Bored Ape Yacht Club (BAYC) NFT collection and other ApeCoin projects. The "Ape Accelerator" will involve the ApeCoin community as initiators, voters, and participants.
MetaMask Terms of Use Update Confuses Community,Can it ‘Withhold’ Tax?
Anton Bukov, co-founder of 1inch, has raised concerns about the revised tax-related terms of service for the MetaMask cryptocurrency wallet. In a tweet, Bukov highlighted section 4.3 of the ConsenSys-provided Terms of Use, which outlines the joint responsibility of users and MetaMask in identifying and meeting tax obligations.
EIP6105, the intermediary-free NFT trading protocol, has been moved to Final and officially approved
<a href="https://github.com/ethereum/EIPs/blob/master/EIPS/eip-6105.md">EIP6105</a>, a non-intermediary NFT trading protocol, has been moved to Final and officially approved.
Mattel Accelerates Web3 Universe with Fast & Furious NFTs
Mattel is launching Fast & Furious NFTs on May 22-29, coinciding with the release of Fast X: Fast & Furious 10. The NFTs will showcase famous cars from the movie series, such as Brian O’Conner’s 1969 Camaro and Dominic Toretto’s 1970 Dodge Charger, and will be sold for $20 each. These digital assets will verify authenticity and ownership, and those who acquire the entire set of digital assets will receive a tangible metal replica of a Suki car. Mattel’s ongoing involvement in the Web3 world demonstrates the limitless potential of NFTs and the fast pace of technological advancements.
Sky Mavis Launches Axie Infinity on Apple Appstore and NFT Trading Hub, Mavis Market
Sky Mavis, a trailblazer in the NFT gaming market, has launched several new updates including a stripped-out version of its Axie Infinity game on the Apple Appstore and a new NFT trading hub called Mavis Market. The lite version of Axie Infinity: Origins allows gamers from key regions in Asia and Latin America to access the game for free without the requirement of an NFT. Apple has agreed to allow gamers to import their existing NFTs into the application and trade them within the platform. Mavis Market is a generalized NFT marketplace for the Ronin ecosystem that will take a 2% fee of all transactions and an additional 0.5% that will go directly to the Ronin treasury.
