Tezos NFTs experience a triumph and Lil Baby Apes throw more poo into the NFT community.
Welcome back to BivNFT. My friend sent me the photo above this week, and to that, I say “assault”.
Sure, I’ve had *two* whole tweets go semi-viral. But I don’t think I qualify here yet, because that’s a “couple” of tweets (as opposed to several) and I started a newsletter, not a podcast.
One more viral tweet though? At that point, I can’t say what kind of basic crypto stuff my ego will get me into. BivNFT Pod? Why not. Forming my own DAO? I already have the domains ready to go. 9-5 job? See ya later!
I’m trying a Wednesday edition of my newsletter this week, as I’ve already begun to make changes to how I want to do this. Stick with me though and let me know when you’d prefer to have these drop in your inbox.
I’m sure y’all are not too familiar with the Tezos NFT ecosystem. But late last week, it experienced some mainnet-level drama as one of its biggest marketplaces - hit et nunc aka H=N - was shut down unexpectedly.
What gives? The owner and founder had a good ol’ fashioned rage quit.
After hearing that a marketplace competitor OBJKT would be allowing users to mint NFTs (a feature that H=N essentially had a monopoly on as I understand it), the owner of the site decided to take his ball and go home.
Why is this in the ALPHA section of my newsletter you ask? Well, the story became a real win for Web3 and decentralization as a whole. Let me explain.
After having their marketplace unplugged for no good reason, a group of internet good samaritans came together with a mirrored version of the website. It had all the original site’s functionality and more importantly, their listings. It was put up on an alternative domain (hitetnunc.art instead of hitetnunc.xyz) effectively saving the site from their own lame ownership and giving it back to the people.
By doing this, they not only saved hundreds of artists from having their work essentially delisted but in turn also kind of saved Tezos NFTs altogether if you ask me.
Could something of this magnitude be pulled off on Ethereum or even a Solana-based NFT marketplace? I’m not sure. But the H=N drama showed a lot of promise in what decentralized internet could look like moving forward.
No one person could have the power to ruin it for the rest of us.
Another day, another shitty copycat project.
After surging over the weekend, it was noticed that the Lil Baby Ape Club (a derivative project trying to cash in on a big BAYC pump) had a trait called “skinhead” and “Monkey Pride” t-shirts.
This is not the first racist news to hit the NFT community in recent weeks (and it certainly won’t be the last). Most notably, the main artist behind ‘Jungle Freaks’ was revealed to have created appallingly racist cartoons in the 70s and 80s.
There should be no room for this in the NFT space. Yet somehow these projects have shown success, which leads to FOMO, which leads to many holding the bag when the bad news inevitably hits Twitter.
I caution everyone to do their own research and really look into the teams you’re giving ETH to. It’s certainly easier said than done, but scandals like this will tarnish the reputation of the NFT community if they continue to get lucrative paydays. As I’m writing this, Lil Baby Ape Club has over 2.5K ETH in sales and at one point sat on top of OpenSea’s trending page.
Post Malone bought a Bored Ape in his highly anticipated new video with The Weeknd, “One Right Now”. He, like Jimmy Fallon, used MoonPay to help acquire his two new Apes IRL which led to a lot of exposure and a nice pump for the BAYC. After the purchase, Posty then proceeded to shotgun people in the music video???
Not exactly an NFT, but a DAO is trying to buy a rare copy of the US Constitution in a Sotheby’s auction. You can help raise the funds needed by buying their token, which will in turn give you partial ownership of the US Constitution. I’m sure this will go smoothly with no complications whatsoever. Personally, I think buying famous American documents with crypto is a great concept for a reboot of National Treasure. Wen National Treasure 3?