Nfts
Documentary interview on the Nouns rose float
For many, the term “NFT” now evokes little more than a neon haze of pandemic-era memories about easily deceived online speculators who lost millions buying drawings of monkeys and stick figures. But a new documentary implores cryptocurrency newbies to give the a highly criticized technology a second chance.
“Shark, Pickle, Cone” follows the team Stoopid Buddythe animation studio and production company best known for “Robot chicken” as it designed and built a float for the 134th Rose Parade in partnership with Nouns, a decentralized autonomous organization (commonly known as DAO) that auctions NFTs and uses the proceeds to fund art projects.
Translated into simple terms, Nouns works as a form of crowdfunding with a few extra steps. The decentralized company uses an automated system to produce a new AI-generated artwork and auction it every day. The images, which all feature a character wearing pixelated glasses, are sold as non-fungible tokens that allow buyers to track ownership of a unique digital asset. But while jokes about how sole “ownership” of the digital image can be negated by a simple screenshot are inevitable, buyers understand that they’re not actually spending thousands of dollars on an image.
The real value proposition that continues to drive Nouns prices higher is the ability to participate in the governance of the decentralized company. All profits from Nouns NFT sales go directly into a treasury containing tens of millions of dollars. Money from the treasury can only be spent on creative projects, and a wide range of designers, filmmakers and other artists can submit proposals to have their projects funded. Anyone with a name is allowed to vote for or against each proposal, and any approved project automatically receives its funding through a blockchain algorithm without any interaction with human gatekeepers.
In a recent conversation with IndieWire, “Shark, Pickle, Cone” director Neil Berkeley, Stoopid Buddy co-founder and executive producer Eric Towner, and executive producer Chris Waters (who is now Playground’s chief product officer Pictures but developed the movie as an executive at Stoopid Buddy) spoke about navigating the NFT roller coaster ride while filming his film and why the many controversies surrounding cryptocurrency haven’t dampened their optimism towards blockchain technologies.
The Stoopid Buddy team is the first to admit they didn’t fully understand the appeal of NFTs when they approached Nouns to fund their float, but they weren’t about to turn down a new one source of financing in an increasingly hostile Hollywood landscape. to creators. While the company had tried its hand at NFTs in the past (co-founder Seth Greene had his Bored Ape Yacht Club NFT stolen in 2022), its founders claim that the real reason for their collaboration with Nouns was the opportunity to receive what appeared to be free money to pursue a creative enterprise. They decided to present the collective with the most ambitious project they could think of: building a float out of flower petals for the legendary parade and capturing the experience in a documentary.
“I was really fascinated by this community that had a treasury but didn’t have a boss, that was funding interesting projects,” Waters said. “I was head of development at Stoopid Buddy, and this seemed like an interesting opportunity for us to do what we do best – which is create weird, strange, and kind of sticky content – and ask someone ‘one to finance it. And that was purely my fascination. It was, “Whoa, there’s treasure, and can we get some funding to do something weird?” Let’s do it!”
The float and “Shark, Pickle, Cone” were funded by Nouns’ treasury, and the team emphasized that the freewheeling project was only possible because the online community was willing to take ambitious creative initiatives without worrying about profit margins.
“We knew what Nouns wanted was attention and absurdity, two things we trade in,” Waters said. “We thought that the juxtaposition of this new technology and this new brand, which was less than a year old at the time, with one of the oldest institutions in America (the Rose Parade), we found that really funny.”
Having tackled projects as varied as producing “Robot Chicken” and making costumes for “The Masked Singer,” Stoopid Buddy was no stranger to working with talented craftsmen on complex builds. The float design they settled on — which featured an anthropomorphized shark, a pickle, and an ice cream cone wearing the pixelated glasses that adorn every Nouns NFT — struck a balance between the digital aesthetic of NFTs and the analog roots of the studio.
(Photo by Jerod Harris/Getty Images)Getty Images
But of course, no story about NFT culture in the early 2020s ends entirely with a happy ending. After the massive crypto boom at the end of the COVID-19 pandemic, hot money flowing into the NFT market quickly dried up. Prices of major cryptocurrencies fell amid high-profile scandals like the collapse of Sam Bankman-Fried’s FTX, and countless NFT holders realized that the digital art they had spent thousands of dollars on now had no value.
“There was obviously a lot of good that came from it, like discovering artists. There was sort of a renaissance of art,” Towner said. “At the same time, as is always the case with new technologies and as this is a new frontier, it was also riddled with scams. And I think that’s where the polarization comes from.
Crypto enthusiasts who take a long-term view of the technology can now look back with a laugh at the Wild West environment that formed in those early years. But watching an industry collapse amid billions of lost dollars is not a fun experience when you’re in the process of producing a positive documentary about it.
“Shark, Pickle, Cone” stands out as one of the most nuanced cinematic depictions of blockchain to date, devoting as much time to the artistic potential created by the technology as it does to the bad actors it enables. But the team isn’t afraid to laugh at the sadness they felt when everything collapsed around them.
“I know I did it,” Waters said when asked if the team ever worried about being dragged into something unfortunate. “Because I wasn’t someone who really followed the trajectory of crypto in its early days, from 2010 to 2022, that was my first experience of a bear market. And it was so disastrous. And it wasn’t just a bear market, it was a bear market driven by some really bad headlines around FTX. Lots of scams, lots of people doing it for the wrong reasons. And it was really scary to think, “We’re making a movie about an industry that’s getting bludgeoned by the media.” »
Media coverage of the crypto crash has prompted the Stoopid Buddy team to re-examine its anonymous backers with fresh scrutiny. But the deeper they dug into the name structure, the more convinced they became that they had found a positive corner of the crypto community that wasn’t a scam. The structure of Nouns’ business ensured that the owners made no profit on their NFT sales and that the money had to be spent on creative projects. The funds were distributed digitally without any type of centralized decision maker, making it effectively impossible for an individual to take the money for themselves and run.
“I think what carried us through was that throughout this time we had access to the founders of Nouns, who are all anonymous. And we had seen the structure of the DAO and saw that they weren’t making money. So there was no rug to pull! » Waters said with a laugh. “It was truly an experience. 100% of the proceeds go into a treasury, and the only way to spend that money is to vote for Noun holders. So everything is very transparent and open.
“It felt like the basis of the Nouns experience was pure,” Towner said, echoing Waters’ sentiments. “The cool thing is that when greed wasn’t the driving factor, people who had the resources chose to have fun. They would choose to have a parade and build a float. And for us, it was cool.
Looking back on the NFT bubble of 2021, the team agreed that it’s easy to use hindsight to connect the dots that led to the massive crash. But they attribute the initial rise and fall of NFT culture to the low quality of the first products sold, not the underlying technology itself. Now that some time has passed, they hope that increased consumer awareness of scams will lead to a second renaissance of more promising blockchain art projects.
“Once this started, people rushed in and started trying to sell all these overpriced JPEGs and saying, ‘Oh my God, you can’t lose on any of this!’ So it was not surprising that a lot of these items were very thin on substance,” Towner said. “There was a lot of promise and a lot of hype with no legitimacy behind it. But much of that has been eliminated.
But for all the talk about cryptocurrency and NFTs, entertainment enthusiasts don’t need to be interested in either topic to take note of the opportunities that organizations like Nouns can create. Stoopid Buddy is already planning to partner with the DAO on future projects, and the team emphasized that the ultimate legacy of the NFT community could be to provide a source of funding for the types of ambitious films and TV shows which are increasingly difficult to achieve through conventional channels.
“For us, what’s interesting is finding alternative forms of financing creative projects,” Towner said. “A lot of the sources for doing these cool projects have disappeared, or people have become more timid about spending money on what could be really cool or interesting projects. So it’s positive, it opens other doors to achieve things. Interesting stuff that maybe couldn’t be done any other way.
“Shark, Pickle, Cone” is currently available for purchase in NFT form. The film will be available to stream for free on X (formerly Twitter) in mid-June.
Non-fungible tokens, or NFTs, saw sales volume surge for the second week in a row, reaching $107 million, an increase of 8.5%.
A substantial increase in the number of NFT Buyers accompanied this growth, reaching 488,141 — a staggering increase of 89.56%.
On the other hand, the number of NFT sellers also increased by 69.8%, totaling 198,450, signaling an improved business environment and increased market engagement.
Below is a look at what happened in the NFT market over the past week.
Ethereum Maintains Leading Position While Solana and Bitcoin Follow
Blockchains by weekly NFT sales volume | Source: CryptoSlam
Over the past few weeks, Ethereum (ETH) continued to dominate the NFT market with $36.6 million in total sales, driven by 35,236 buyers, a 46.31% increase from the previous week.
Solana (GROUND) has emerged as a serious competitor, recording total revenue of $26.15 million, thanks to a substantial 114.07% increase in the number of buyers.
Bitcoin (Bitcoin) The NFT market also saw a notable surge, with total sales reaching $21.4 million, thanks to a staggering 222.29% increase in buyers.
Polygon (MATICS), which had the second best performance the previous week, saw its total sales volume drop by more than 15%, dropping it to 4th place just ahead of Immutable (IMX).
Other notable performances were achieved by Zora and Blast, which recorded the two largest percentage increases in sales volume, at 463% and 227% respectively.
Best Collections: Solana Monkey Business Shines
Ranking NFT collections by weekly sales volume | Source: CryptoSlam
Among the top NFT collections, Solana Monkey Business came out on top with $4.86 million in sales, an increase of 168.38%. The collection also saw a significant increase in transactions (137.34%) and buyers (130.84%).
The DMarket collection on the Mythos blockchain, which recorded $4.01 million in sales, came in a close second. Interestingly, this is the only collection among the top 5 by sales volume to see a decline in the number of transactions and buyers.
Immutable’s Gods Unchained cards also made headlines with $3.8 million in sales, an increase of 61.35%. This collection saw notable growth in both transactions (76.31%) and buyers (41.21%), a testament to the growing popularity of blockchain-based trading cards.
Best-Selling NFTs and Fan Tokens
In terms of individual sales, Ethereum’s Autoglyphs #167 led with a sale of $274,561, followed by Bitcoin’s Protoshrooms with $148,574. Other notable sales included BNB’s kNFT: Locked kUSDT and Arbitrum’s Umoja Synths, highlighting the diversity and breadth of the NFT market across different blockchains.
Top 5 Fan Tokens by Sales Volume
As can be seen in the table above CryptoSlamFan tokens also continued to see explosive growth, with Galatasaray’s token on the Chiliz blockchain recording a turnover of $280.5 million. This reflects an increase of 70149.47%.
FC Barcelona and Paris Saint-Germain followed with substantial sales volumes, indicating the growing popularity of sports-related NFTs.
Market consequences
The latest performance of the NFT market marks a significant turnaround, demonstrating resilience and renewed investor interest after a period of declining sales volumes.
This is the second consecutive week of improved sales, suggesting a potential upward trend. It is worth noting that this resurgence comes amid a broader recovery in the cryptocurrency market, which is currently valued at $2.55 trillion.
Major cryptocurrencies like Bitcoin, Ethereum, BNB, and Solana have all registered Prices have risen by double digits over the past week, further fueling optimism in the digital asset sector.
The correlation between rising cryptocurrency prices and the recovery of the NFT market could be an indication of strengthening investor confidence, setting a positive tone for the coming weeks.
APENFT (NFT) fell 0.3% against the U.S. dollar in the 24-hour period ending at 9:00 a.m. ET on July 21. APENFT has a market cap of $8.54 million and $16.67 million worth of APENFT was traded on exchanges over the past day. Over the past week, APENFT has been trading 3.1% lower against the US Dollar. One APENFT token can now be purchased for around $0.0000 or 0.00000000 BTC on major cryptocurrency exchanges.
Here’s how other cryptocurrencies performed over the past day:
- KILT Protocol (KILT) is up 1.9% against the dollar and is now trading at $0.20 or 0.00000302 BTC.
- Aidi Finance (BSC) (AIDI) fell 2.2% against the dollar and is now trading at $0.0000 or 0.00000000 BTC.
- Zoo Token (ZOOT) fell 2.2% against the dollar and is now trading at $0.0652 or 0.00000239 BTC.
- CareCoin (CARES) fell 2.2% against the dollar and is now trading at $0.0809 or 0.00000297 BTC.
- Kitty Inu (KITTY) rose 1.9% against the dollar and is now trading at $95.84 or 0.00338062 BTC.
- Hokkaidu Inu (HOKK) rose 1.2% against the dollar and is now trading at $0.0004 or 0.00000001 BTC.
- Jeff in Space (JEFF) fell 2.2% against the dollar and is now trading at $2.75 or 0.00010076 BTC.
- Lumi Credits (LUMI) fell 0.7% against the dollar and is now trading at $0.0128 or 0.00000019 BTC.
- AXIA Coin (AXC) fell 0.1% against the dollar and is now trading at $13.43 or 0.00048094 BTC.
About APENFT
APENFT launched on March 28, 2021. The total supply of APENFT is 999,990,000,000,000 tokens and its circulating supply is 19,999,800,000,000 tokens. The official website of APENFT is apenft.orgThe official APENFT Twitter account is @apenftorg and his Facebook page is accessible here.
According to CryptoCompare, “APENFT is a blockchain-based platform created by the APENFT Foundation to create, buy, sell, and trade non-fungible tokens (NFTs) on the TRON and Ethereum networks. It allows for the ownership and trading of unique digital assets such as artwork, music, videos, and more. It also provides tools for artists and creators to create and promote their own NFTs, as well as participate in community events and governance.”
APENFT Token Trading
It is not currently generally possible to purchase alternative cryptocurrencies such as APENFT directly using US dollars. Investors wishing to acquire APENFT must first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as CoinbaseGDAX or Gemini. Investors can then use their newly acquired Ethereum or Bitcoin to purchase APENFT using any of the exchanges listed above.
Receive daily news and updates from APENFT – Enter your email address below to receive a concise daily summary of the latest news and updates for APENFT and associated cryptocurrencies with FREE CryptoBeat Newsletter from MarketBeat.com.
Nfts
Next US Vice President JD Vance Holds Bitcoin and NFTs, Expected to Boost MATIC and Algotech Post-Election
The blockchain technology landscape is about to transform as JD Vance, the likely next US vice president, emerges as a strong advocate for digital assets. Recent reports suggest that Vance not only holds Bitcoin (BTC) and NFTs, but is also willing to back promising blockchain initiatives like Polygon (MATIC) and Algotech (ALGT) post-elections.
JD Vance’s Cryptocurrency Investments Highlight Shift in Government Perspective
U.S. Senator JD Vance has garnered considerable attention for his recent investments in Bitcoin (BTC) and NFTs. Public records indicate that he owns between $100,000 and $250,000 worth of Bitcoin (BTC), indicating considerable interest in the success of the cryptocurrency market. This level of financial commitment from a high-profile government figure is unprecedented and underscores the growing credibility and promise of digital assets.
JD Vance’s interests extend beyond Bitcoin (BTC) to non-fungible tokens (NFTs), with reports suggesting his involvement in acquiring notable pieces from renowned collections. While the details of his NFT portfolio remain unknown, those who know the senator confirm his foray into this field.
This exploration of NFTs underscores Vance’s openness to exploring innovative and artistic applications of blockchain technology beyond cryptocurrencies’ typical role as assets or means of exchange. Vance’s involvement with cryptocurrency stands in stark contrast to the views of many of his peers in Congress, who often express doubt or hostility toward digital currency.
His direct involvement as an investor and user of these technologies gives him a unique perspective on their potential benefits and drawbacks. This practical understanding is likely to influence his stance on policy and regulation should he take on the role of vice president.
Polygon (MATIC) Hits $0.53, Eyes Breakout Amid Market Slowdown
The Vance administration, known for its support for cryptocurrencies, could significantly boost Polygon (MATIC), a major Ethereum layer 2 scaling project. MATIC has already attracted the attention of the developer community for its innovative solutions.
Even so, regulatory uncertainties have slowed widespread adoption and integration with traditional financial systems. Vance’s backing could serve as a driving force to unlock Polygon’s untapped capabilities.
A recent look at the MATIC token shows that its current trading value is $0.53, which represents an increase of over 2% in the last 24 hours. This surge coincides with a downturn in the broader cryptocurrency market, signaling solid fundamental strength and a growing sense of confidence among investors regarding Polygon’s future prospects.
Based on technical indicators, MATIC appears to be facing a resistance level that has persisted for several months, hinting at a potential breakout that could propel prices towards the previous peak around $1.29.
MATIC’s cutting-edge technology has taken a significant leap forward with the introduction of the Plonky3 zero-knowledge proof system. This innovation in zk-rollup technology is set to revolutionize MATIC’s scalability and efficiency, cementing its position as the premier choice for developers and enterprises.
Algotech (ALGT) Eyes $1 Price Hike When Its Exchange Launches
Algotech, a project that has attracted the interest of crypto enthusiasts and JD Vance, aims to transform algorithmic trading in the cryptocurrency space. Through the use of artificial intelligence and machine learning, Algotech offers advanced trading strategies to ordinary investors.
The platform’s innovative approach and ambitious roadmap are in line with JD Vance’s goal of driving financial innovation and making sophisticated investment tools more accessible to all. Algotech’s decentralized structure stands out, aligning perfectly with the core principles of blockchain technology.
By cutting out the middleman and giving users direct authority over their trading algorithms, Algotech embodies the essence of financial independence advocated by many in the crypto community, including Vance. This common ground makes Algotech a natural choice for endorsement by crypto-friendly leadership.
As Algotech’s pre-sale gains momentum, with over $9.6 million in funding, excitement is building for its official launch. Analysts have set lofty price targets, with some even suggesting that ALGT could surge to $1 shortly after it goes public.
While it’s wise to approach these predictions with caution, the combination of Algotech’s cutting-edge technology and the potential backing of key figures like JD Vance could pave the way for significant growth and adoption.
Learn more:
Disclaimer: This is a paid release. The statements, views, and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of any information available in this content. Do your research and invest at your own risk.
Nfts
OG Crypto Artist Trevor Jones Unveils Groundbreaking Collection of Ordinals | NFT CULTURE | NFT News | Web3 Culture
Trevor Jones’ New Genesis BTC Collection: CryptoAngels
Known for his innovative blend of physical and digital art, Trevor Jones continues to push the boundaries of the NFT space with his latest collection, CryptoAngels. Since his foray into Bitcoin-themed artwork in 2017, Jones has garnered a significant following, cementing his reputation with record-breaking sales and community events.
The Bitcoin Angel Journey
In 2021, Jones made headlines with his Bitcoin Angel open edition, selling 4,158 editions for an incredible $3.2 million in just seven minutes. This success paved the way for his latest venture, where he combines art, community, and technology in new ways. His annual Castle Parties, celebrating art, culture, and charity, have further cemented his place in the Web3 world.
CryptoAngels Collection Review
Jones’ CryptoAngels collection is divided into two main stages: Archangels and CryptoAngels.
- Step 1: The Archangels The initial phase, Archangels, saw 21 collector’s packages sold for 87.9 ETH (approximately $335,291). Each package included:
- A physical bronze sculpture of the Bitcoin angel
- A 3D NFT avatar
- An Archangel Ordinal
Esteemed collectors like ModeratsArt, Batsoupyum, Bharat Krymo, Blondie23LMD, and 1Confirmation now lead the CryptoAngel army as Archangel Collectors.
- Step 2: CryptoAngels The second phase, set to launch on August 7, features 7,777 unique CryptoAngels. These will be available for minting via OrdinalsBot, starting with a whitelisting phase. Each CryptoAngel is distinct and named by Jones himself. The collection is organized into 21 cohorts, each associated with one of Archangel’s collectors, fostering sub-communities within the larger collection. Additionally, there are seven 1/1 CryptoAngels, making them exceptionally rare and not aligned with a cohort.
Connecting Bitcoin and Art
Jones, who has been a strong Bitcoin supporter since mid-2017, expresses his deep connection to the crypto community. He sees the CryptoAngels collection as a tribute to that community, bringing his iconic Bitcoin Angel motif to the blockchain.
“I have been personally investing in Bitcoin since mid-2017 and its ethos quickly inspired me in my crypto art journey. I have followed the growth of Ordinals since its inception and the CryptoAngels collection is my offering to a community that has welcomed me with open arms and given me the opportunity to bring my Bitcoin Angel motif to the chain where it was always meant to be,” said artist Trevor Jones.
Collectors’ opinions
“Bitcoin’s OG artist Trevor Jones, behind the Bitcoin Angels depositing ordinals on the immutable chain is a match made in crypto-native art heaven.” – Bharat Krymo (@krybharat – Archangel Collector)
“The 2018 Bitcoin Angel oil painting is one of the first crypto tributes to Bitcoin, so CryptoAngels on Ordinals is a natural extension of Trevor’s artistic journey” – batsoupyum (Archangel Collector)
Interactive experience and limited editions
Rounding out the collection, 21 special Angels will be available to mint for $7 each on Base, playable in the exclusive retro arcade game, Dante’s Pixel Inferno. The game challenges players to guide their Angel through the nine circles of Fiat Hell, collecting Bitcoin and earning rewards. Each Angel in the game has unique abilities and weapons.
Whitelisting Opportunities and Community Engagement
Whitelisting (WL) opportunities are available through community partnerships, existing Bitcoin Angel OE and Trevor’s Ascended Angels holders, and weekly giveaways. To stay up to date and secure a spot on the whitelist, join Trevor Jones’ active Discord community.
TL;DR
Trevor Jones is launching the CryptoAngels collection on August 7th, building on his Bitcoin Angel legacy. Split into two stages, Archangels and CryptoAngels, the collection includes unique NFTs and physical artworks, fostering strong community connections. Exclusive gaming experiences and limited minting opportunities enhance engagement. Join the Discord for your chance to win.
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