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An NFT Manifesto on Kylie Jenner Being Blocked Over A BAYC

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An NFT Manifesto on Kylie Jenner Being Blocked Over A BAYC

Kylie Jenner allegedly asked @WillyTheDegen to buy one of his BAYC NFTs in private, according to Twitter user @WillyTheDegen. After he allegedly blocked her to demonstrate his views around the NFT culture, a debate erupted in the community.

Twitter users exchanged opposing viewpoints on the occurrence. Many people think the screenshots are phony, but the debate over the scenario—whether hypothetical or not—showed the diversity of ideas spread throughout the NFT community.

Words like “culture” and “movement” are commonly used to describe the primary focus of the NFT environment, with various interpretations of what it all means. Language, technology, art, money, and value are all intertwined in an overview of what the world’s future crypto spaces should strive for.

Those who believe the NFT movement should not be left in the hands of “the likes of Kylie Jenner” are divided, as are those who think this was unpolite and a waste of potential for the project’s price to rise and the NFT community to flourish.

Beyond the validity of the tweet, if we see it as a hypothetical scenario in which people share their visions for how NFT should expand, the event begins to resemble a sum of the ecosystem’s values: Is it becoming elite? Is it a safeguard for decentralization? It reminds us of artistic manifestos from the past when the hunt governed art for meaning.

Following Arthur Danto’s call for “the end of art,” NFTs have established a significant milestone by providing a counterweight to the art sector, which has previously been exclusive and centered on the wealthy.

As the blockchain becomes more widely known, people’s interest in art and technology is piqued. Without people, art is nothing, and now art reaches them regardless of color, gender, or background.

Sofia Garcia, the founder of Artxcode, made an interesting comment regarding the NFT atmosphere on Forbes a while back:

NFTs enable everyone to see how much collectors pay for their artwork and let the market choose rather than allow art dealers to leave artists in the dust. There is a change in the guard in who is able to collect high quality works.

So, how would different members of the community react if Kylie Jenner expressed interest in an NFT?

Supporters of Willy’s Move: Protect the Value, Block Kylie Jenner

Some may recall Snapchat’s market value plummeting by $1.3 billion when Kylie Jenner announced she had deactivated the app on Twitter. The conclusion was not intended, and it exposes the influencer’s power as a foolish path that may easily infuse fragility into a growing initiative.

As a result, many people are concerned about her ability to cause prices to spike and then plummet in an unexpected circumstance. What if the phrase “came for the flicks, stayed for the art” became “came for the trend, sank the art”?

Willy’s comment, though, appears to be focused on not allowing celebrities to achieve what they want. Instead, he sees NFTs as a “movement” and portrays himself as more concerned with the ecosystem’s “real purpose” than revenues.

As NFTs increase in popularity, some supporters do not want their growth to be in the hands of individuals who are just interested in it for a short time or who are only interested in making money.

The Willy Movement Haters: Help The Market

Many others believe that Kylie Jenner’s gatekeeping is detrimental to the BAYC initiative. Some see it as a business opportunity, but others see it as unpolite behavior, stating that rudeness is what genuinely harms the reputation of a developing industry, especially now that crypto is in the process of becoming more approachable.

The move was dubbed “clout” and a tantrum by users.

Even if we consider the event to be anything akin to a manifesto, it lacks clarity and ethics. Should celebrities be disparaged in the NFT area, which is supposed to be inclusive and unconcerned about demography, race, gender, and other factors? Should it rather be a celebration of denigration?

ART & COLLECTABLES

The Chainsmokers are the First in the Music Industry to Share their new Album Royalties with Fans via the NFT Drop

The famed music duo The Chainsmokers’ new album features an NFT giveaway, which provides 5000 fans a 1% royalty split.

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#nft #nfthours #chainsmokers #royalties #cut

The electronic music duo, The Chainsmokers, are best known for classics like “Closer” and “Paris,” but they’ve also established a reputation as Web3 pioneers. The most recent example is their new album “So Far So Good,” which will include a drop of 5,000 NFTs that will allow fans to share in 1% of the revenues.

This is the most high-profile case of musicians using NFTs to distribute royalties to fans to date. While artists such as Nas and Diplo have published royalty-generating NFTs for individual songs, this is the first time a band has done so for an entire album for free.

In an interview, Taggart and bandmate Alex Pall said that they chose their most devoted followers, of which 5000 will receive an NFT, by examining data from concert purchases, song streaming, and Discord engagement.

In this scenario, the NFTs will grant fans access to a members-only area of The Chainsmokers’ Discord channel and the opportunity to meet with the duo personally.

Those who get the NFTs will be notified when they receive a payment on a quarterly or semi-annual basis. If customers decide to sell the NFT, a smart contract (basically a computer program) will transfer 7.5 percent of the earnings to The Chainsmokers (one of the benefits of NFTs for artists is the opportunity to receive a share of secondary sales), which the duo plans to gift to the album’s songwriters.

The new record will be released on Friday, and the NFTs will be handed out on May 17. The Chainsmokers use Royal, a platform that uses the Polygon network and was behind Nas’ and other significant artists’ recent NFT drops, to distribute the NFTs.

The Chainsmokers claim to have arranged for the NFTs to be released in a fashion that does not require their supporters to have any crypto knowledge. While crypto enthusiasts can request that the NFT be sent straight to their Web3 wallet, beginners can request that Royal construct a wallet and rely on the site to display and store it.

To reduce fan friction, the duo has arranged for them to be able to acquire and transfer NFTs without incurring any transaction fees. So allow Royal to establish a wallet for them, which will be shown and stored on the site.

The music industry is entering the Web 3 era

The Chainsmokers aren’t new to the crypto industry, but this is their first time issuing NFTs. For years, the two have run an investment group that has sponsored various Web3 projects, including Royal, created by another artist, Justin Blau, aka DJ 3Lau.

According to Pall, Pall and Taggart first discovered bitcoin six years ago while playing a corporate gig for Google. A random guy approached their trailer during a break between scenes and gave them a blue streak about the revolutionary power of blockchain. This event convinced them of the technology’s promise.

Pall claims that they recognized right away how an immutable blockchain record might help them create new relationships with their fans and, potentially, solve the problem of secondary ticket sales. Scalpers (sometimes using bots) sweep up large blocks of tickets and resale them for an enormous profit, which has long irritated fans and singers alike.

Using NFTs on a blockchain can help bands avoid scalpers and ensure that resale earnings go to them or their fans.

The Chainsmokers are a rising number of musicians who have realized that blockchains can be a better alternative to traditional economic structures that include layers of attorneys and music industry middlemen.

Blockchain-based record and distribution platforms give musicians a new method to communicate with listeners and provide the most dependable approach for monitoring royalties, which has been a long-standing issue in the industry.

The Chainsmokers are eager to point out that NFTs and other blockchain-based technologies have yet to be demonstrated in the music industry. “Everyone is still trying to figure this out,” Taggart says.

However, the rising popularity of platforms like Royal, which just funded $55 million, and the growing number of prominent musicians adopting crypto suggest that Web3 is likely to be the way forward for the music industry.

If that’s the case, the NFTs linked with their record will be yet another win for The Chainsmokers, both as musicians and businesspeople. One of the duo’s other businesses is a successful tequila brand.

When asked how they got their entrepreneurial spirit, the duo praised Jimmy Buffett, claiming that the Margaritaville singer built a corporate empire by carefully selecting ventures that fit his brand and personality.

Pall remarked that the duo’s Web3 endeavors would come in handy if his stage appeal wanes. But, he joked, “I’m not going to look amazing in leather pants forever.”

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ART & COLLECTABLES

Madonna’s Nude NFT Debut Elicits a Range of Reactions from the Community

The community reacted to Madonna and Beeple’s latest NFT release in a variety of ways, from being inspired to criticizing the artwork’s “flaws.”

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#nft #nfthours #madonna #beeple #mothernature

Mother of Creation is a series of nonfungible tokens created by the queen of pop and record-breaking performer Beeple. It includes three NFTs titled Mother of Technology, Mother of Nature, and Mother of Evolution. The NFTs depict Madonna in 3D, giving birth to robot centipedes, butterflies, and plants.

While the markets were going crazy over stablecoins displaying instability, Madonna and Beeple thought it was time to show the community something even crazier: NFTs depicting a 3D model of the 63-year-old singer’s vagina. 

Following the release, the community reacted in various ways, with some being inspired and others criticizing the artwork. Emiko Inoue, a Twitter user, stated that the artwork is “the most motivating” and would “gladly buy one without thinking” if she could afford it.

Twitter user artbyjstelco, on the other hand, stated that he “totally despises” the artwork. Many aspects of the NFT were attacked, including how nature should “not wear make-up” and have “artificial tits and hair.” According to the Twitter user, giving birth is a painful process, and the artwork does not reflect this.

The NFTs are presently valued 28 Ether (ETH), which is around $56,000 at writing. The auction will conclude in 35 hours. The money raised from the drop will go to three separate charities that help women and children worldwide, according to the collection’s description on the NFT marketplace SuperRare.

Three-dimensional NFTs are becoming more popular. Sony announced a partnership with Theta Labs to launch 3D NFTs last week. This, according to the electronics company, illustrates the capabilities of its new product, the Spatial Reality Display. Users can examine objects in 3D on the monitor without having to wear standard 3D equipment.

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ART & COLLECTABLES

Lina Valentina’s NFT Collection “No More” was released to raise awareness about domestic violence

Since the outbreak of the war between Russia and Ukraine, the full usefulness of NFTs has been recognized as a revolutionary tool.

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NFTs have evolved from hype-driven collectibles to become a means of expression, making them more than merely an investment tool. With these NFTs, Lina Valentina’s latest collection wants to make a much more profound change.

People from all across the world who supported Ukraine did everything they could to help the country. The Ukraine NFT flag, for example, was broken down into 3,271 individual components and was able to raise $6.75 million for the country.

Today, the No More collection uses a similar method to raise awareness to a critical issue affecting women. The collection attempts to transmit the message of rejecting domestic violence around the world by using the power of web3 and NFTs.

Lina Valentina, one of the most notable feminist artists, discussed her NFT collection with Cointribune, which was developed to bring courage to those women who are still silent while enduring this awful violence.

Each of the collection’s 7,777 individual NFTs will reflect a feminine face – the aesthetic touch that made Lina Valentina renowned (primarily the mouth and the open zipper).

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