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From a jock in Colorado, to an aspiring actor in Wisconsin, ending up in LA as an NFT creator. This is Gino Loffredo.

A real life Hollywood story, with an added taste of NFTs.

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Gino grew up in a small town in Colorado, surrounded by some of the more known ski resorts in the area, such as Vail, Keystone, and Breckenridge. Since his dad was a ski instructor, he was also into sports at the time, until he moved to Wisconsin with his mom and two siblings when he was 11 years old. That was a significant change because that is when he got interested in acting and singing. After high school, Gino enrolled in the University of Minnesota to pursue a theatre degree. After the first semester, his acting agent asked him to journey to Los Angeles, where he auditioned for several movies, tv-series, and commercials. Realizing he enjoyed this kind of lifestyle, he told his mom he’s staying in Los Angeles and dropping out of college. Until this day, we still haven’t found out what her reaction was.

Soon after, Gino got acquainted with painting. He and his roommate at the time wanted to try something new, so one night, they just bought some canvases and random paints. They were new to it, so they each picked one color and just went to work. Gino picked red and ended up painting a surreal piece that ended up being pretty good, so his roommate told him, “he gotta keep this up.” So, as they say, the rest is history.

Over the years, he experimented with many different art styles. Still, the one that stayed with him the most is surrealism, which is very similar to the one he painted first, with his roommate Patrick Flueger, now one of the main characters in “Chicago P.D.,” the TV series. When asked where his inspiration comes from, Gino mentions Salvador Dali: “I remember seeing a poster of Dali’s “Persistence of Time’ piece in college, and it just spoke to me. I had never seen art like that before, and I felt like Dali was speaking my same language. It wasn’t till I started painting and drawing that I noticed my style resembled that of Dali’s.” Usually, he starts with a small square of the size 1inch x 1inch and keeps adding to it, going with the flow. His inspiration comes from books, music, podcasts, and even just listening to people’s conversations and then adding imagery to the words he’s hearing. “I’m always surprised on what the final figure turns out to be. Often, I feel like I am being led to draw a particular animal that speaks to where I am in my life. When the final image forms, I like to look up what that animal or figure means in different cultures and see how it relates to my life. Most of the time, it aligns with something that is going on in my life.”

“I believe that art is a healing mechanism for me, where each drawing is a therapy session where I get to layout my soul and dissect the intricacies of my life story and anything that is influencing it. People who take the time to look at my piece react very positively and keep finding new things in my creations. It’s what I appreciate the most when people hang out and interact with my art.”

He gained a larger audience when he started to do large-scale murals, and people were able to interact with his art through pictures, music videos, advertising, and more. His largest mural to date is “Love Wins” in Santa Monica, California, and it is 3,600 square feet of surface. It is on the corner of a low-income housing building on Pacific and Main St. The main image is of two hands coming from each side of the building to create a hand heart symbol on the corner of the building hovering over a sunset over the ocean. You can see the whole piece if you go to the opposite side of the intersection, where you can see both sides of the building. Inside the arms and hands is an intricate, surreal portrayal of Santa Monica and the community there. He had a ton of “nuggets” of different people passing by who wanted to either be in the mural or hoped with an idea to put into it. Gino says it felt like an actual community project, which brought many smiles to that area.

 “Love Wins” in Santa Monica, California

“The first Mural I did was also pretty big; I called it ‘L.A. love story.’ I was actually on my honeymoon when I was asked to do the wall. I thought I was working on a 10ft x 10ft wall on the picture they sent me. It ended up being about 24ft x 50ft wall. It was huge, and I had never worked on something this big.”

He ended up using a 1inch bristle brush to paint the whole thing because it was the tool that most closely felt like he was drawing. He learned a ton on that first mural; how to drive a lift, how to paint large scale, about different paints, time frames, working at night, pricing, and how great the experience was when you are painting outside for hours. That mural is still around today, and he got it through the non-profit organization called Beautify Earth. Murals have been a fantastic way to give back to the city he lives in.

During the pandemic, Gino joined TMFA (The Most Famous Artist) community to hang out and learn from other artists online. The community’s founder introduced him and other artists to NFTs when he proposed they get involved with an NFT project, celebrating Beeple selling an NFT at Christie’s Auction House by having 50 artists do digital renderings of a specific picture of him. They dropped the project on OpenSea, and it took off. Gino drew his style art on the face of Beeple he printed out and then just uploaded it into photoshop to desaturate it into a black and white piece. His piece was listed as the first NFT in the project. All his 100 editions sold out in 24 hours. Thus, a decision was made to list different colored editions of his piece as rare limited pieces with only 3-5 available for each colored edition. The “Rare Black Beeple” sold for 10 ETH, and the whole project itself earned almost half a million dollars in 4 days. That made Gino start researching NFTs for his solo work.

Since then, he dropped a few collections of NFTs as a solo artist, the first being the SurReals collection of drawings. These are some of his pen drawings with a solid color background to highlight each piece and give them different attributes. Each drawing is a limited edition of 100. The next drop he did, was his CryptoChameleons and his HODLS drop on Opensea. He started using his artwork and animating them as color-changing GIFs. The next one was a Crypto Gnomies Drop. He liked the pixel art that was trending and thought he would give it a shot. He was obsessed with Trolls when he was little and wanted to do something based on his collecting habits as a kid. He collects lawn gnomes now, and he thought he would combine the two and make a pixel collection based on this. Each gnome has different attributes, style, occupation, and colors. Gino even started making personalized gnomies for anyone who sends him a picture of themselves and their instagram.

The last drop he did is called MetaPunks. It’s a homage to the original crypto punks but juxtaposing his artwork with their faces. Each one is a look into the mind of what Gino thinks the psyche of that particular Crypto Punk is thinking about in the metaverse.

Gino sold quite a few NFTs already. He uses the money he has made off his drops to support and buy other artists’ NFTs and learn more about all the different capabilities NFTs can have. He’s been impressed with some of the projects he’s seen and is excited to add this tool more to his artistic life and to learn new ways to create more exciting art that would be amazing in the NFT world. “I am always looking to help, learn, and teach what I can to any artist entering this space. It’s been a great first few months for me, and I hope to meet more and more creators to see what else we can do. I love this NFT community, and I can’t wait to dive deeper into it.”

ART & COLLECTABLES

The Beatles and John Lennon’s Music History Collection will be Auctioned as NFTs

The “Lennon Connection: The NFT Collection” would offer each NFT as an audio-visual collection, told by Julian Lennon himself.

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#nft #nfthours #thebeatles #johnlennon

Julian Lennon, John Lennon’s eldest son, is selling some of the most valuable items of music history from his collection.

Some of the most sought-after Beatles artifacts available for auction are John Lennon’s coat from the film “Magical Mystery Tour,” his cape from “Help!,” three guitars, and Paul McCartney’s handwritten arrangement notes for “Hey Jude.”

The “Lennon Connection: The NFT Collection” NFT series, in conjunction with NFT marketplace YellowHeart and Julien’s Auctions, began bidding on Monday and will start on February 7. The White Feather Foundation will get a percentage of the proceeds from the NFT auction.

Julian would keep the tangible things, but the buyer would be the owner of the rights to the one-of-a-kind NFT. Every NFT in the collection would be available as an audio-visual collectible narrated by Julian Lennon.

The handwritten note by Paul McCartney for “Hey Jude” is thought to be the most famous piece that is expected to draw the highest bid. The item’s NFT starts at $30,000 and goes up from there.

Julien’s Auctions has sold other Beatles items in the past, bringing in millions of dollars. However, one of John Lennon’s acoustic guitars, which sold for $2.4 million, Ringo Starr’s drum kit, which sold for $2.2 million, and the drum head Ringo used on the “Ed Sullivan Show” in 1964, which sold for $2.1 million, is among the essential items.

NFTs are the newest crypto fad, and many believe they will disrupt the art business. NFTs have become the latest trend in the art world, with mainstream artists and celebrities abandoning traditional auctions in favor of NFTs.

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ART & COLLECTABLES

Due to a UI Glitch, OpenSea is Reimbursing Users Who Sold NFTs for Less Than Market Value

Due to a UI glitch, several OpenSea customers saw their NFTs sold for far less than market value this week. The NFT marketplace is currently compensating affected users and updating certain aspects of its user interface design.

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#nft #nfthours #opensea #reimbursement

Some OpenSea customers were horrified to discover that their valuable NFTs had been sold for pennies on the dollar earlier this week. And many people were understandably devastated.

“Guys, I just lost an ape…. I’m in tears…. How did this happen so quickly???? “On Monday, an OpenSea user known as TBALLER posted 15 sobbing emoticons.

Due to a UI glitch on the NFT marketplace, TBALLER’s Bored Ape Yacht Club (BAYC) NFT was sold for about $1,800 on OpenSea – 99 percent below the floor price. The bidder who snatched the NFT instantly resold it for nearly $200,000, generating a $198,000 profit in less than an hour.

While the problem isn’t new, it has reappeared in a significant way this week. Elliptic, a blockchain analytics startup, discovered at least three attackers who bought over eight NFTs valued over $1 million for a fraction of their market value on Monday. Those NFTs were from the BAYC, Mutant Ape Yacht Club, Cool Cats, and CyberKongz collections, among others. According to blockchain security startup PeckShield, one attacker got 332 ether (worth over $800,000) by acquiring NFTs below market value owing to the flaw.

The company is “currently reaching out to and reimbursing affected users,” according to an OpenSea spokeswoman, who saw their NFTs sold below market value due to the “confusing UI” issue. Simultaneously, the marketplace is attempting to address the issue by raising awareness and providing consumers with more visibility and control over their NFTs.

What is the issue?

This is the source of the issue. Let’s say an OpenSea user receives an offer to sell their NFT for a particular amount of money. Instead of retracting the offer and paying the associated gas fees, they elected to transfer the NFT to another wallet. This indicates that the deal is no longer available on OpenSea. The issue arises if they return the NFT to the same wallet – the offer remains active and valid, and anyone might accept it.

When the NFT in question has increased in value between the time of the original offer and the time it is returned to the same wallet, this problem becomes considerably more serious. While the user now feels their NFT is worth hundreds of thousands of dollars (in BAYC’s instance), the NFT is sold for its initial price, which could be as low as a thousand dollars. And it’s this inconsistency that’s generating so much trouble.

On OpenSea, the only option to cancel a sale offer is to do an on-chain transaction, which is sometimes costly due to Ethereum’s high gas prices. This is why, rather than retracting their sell offer, OpenSea users prefer to relocate their NFTs to a new wallet.

According to Ledger CTO Charles Guillemet, “Gas price evasion is pushing terrible design and bad behavior from users.” “The scalability dilemma has never been more pressing, and the answers are Layer 2 [networks] rather than off-chain logic methods,” says the author.

Since its inception, OpenSea has had this UI design. However, attackers have only recently become aware of the issue. According to an OpenSea spokesman, the firm has kept this issue under wraps “because we didn’t want to risk bringing it to the attention of bad actors who could abuse it at scale until we had mitigations in place.”

“This isn’t an exploit or a flaw; it’s a problem that occurs due to the blockchain’s nature,” the representative explained. “Users must cancel their own listings; OpenSea cannot cancel listings on their behalf.”

How is OpenSea attempting to avoid this?

OpenSea has taken the UI issue “very seriously” and is working on many product enhancements, according to the company.

To begin with, the platform has introduced a new listings manager that allows users to quickly view and cancel their listings.

Second, according to the spokesman, OpenSea is reducing the default listing duration from six to one month, so that if an NFT is transferred back into a wallet after one month, the listing will have expired.

When users transfer an NFT out of their wallet that has an active listing linked with it, OpenSea will notify them and ask them if they want to cancel it. According to the spokesman, if OpenSea has the user’s email address associated with their OpenSea profile, it will send them an email in this respect.

This isn’t the first time that OpenSea users have encountered problems. A flaw in the NFT marketplace accidentally destroyed at least 42 NFTs valued at least $100,000 in September. Because the platform did not allow ERC-1155 tokens at the time, an OpenSea user named Tom Kuennen had his NFT vanish from his wallet early last year.

OpenSea is the industry leader in the NFT arena, with over 60% market share. However, due to a surge in activity on LooksRare, which has mostly been driven by wash trading, OpenSea’s market share has dropped dramatically this month. OpenSea has raised $300 million in a Series C fundraising round, valuing the company at $13.3 billion.

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ART & COLLECTABLES

What Could Shiba Inu Dev’s Major NFT Partnership Be This Time?

What could Shiba Inu dev’s hints about a huge NFT alliance be this time?

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#nft #nfthours #shibainu

In a recent series of tweets, Shiba Inu developer Shytoshi BEANsama appears to be hinting at a significant NFT relationship, albeit the complete specifics are unknown at press time.

“Alright… there you go,” the SHIB developer had tweeted. ” Another one done. Now we’re working on the pitch,” indicating a forthcoming advancement in the area of NFTs and gaming. Then, on Jan. 22, the lead developer tweeted: “Looks like I should learn Italian… #soon,” and then a SHIB member said, “We have partnershib with lamborghini folks!!!’ ‘Trust me, bro,’ is the source.”

Though Lamborghini has yet to comment as of press time, a quick look at the Italian carmaker’s official Twitter account shows an NFT launch is on the way.

“Our First NFT is coming moon,” the Italian brand and builder of luxury sports cars and SUVs said in a 21-second video posted on Jan. 20. NFTPRO.”

”Inbound” announcement?

Shytoshi Kusama, a Shiba Inu developer, revealed that he had presented the Shiba Inu Core Team with a significant concept that, if accepted, might shake the crypto market.

A tweet from Shiba Inu’s official website also hinted at something huge developing in the Shiba Inu ecosystem, according to the SHIB developer. The dog-themed group appears to be gearing up for big things in the NFT area.

Queenie, the official Discord moderator, alluded to a big surprise in 2022 during an AMA session on Twitter in late December, without further details.

Queenie was reminded of the news by a user, who stated, “Hey, @QueenE OCE, you mentioned that a big surprise was coming in the first half of 2022. I realize it’s very early in the year, but have you heard anything about it? Cheers!”

The announcement is still “inbound,” Queenie said, and the team is working on it as rapidly as they can. “All I have to say is that it’s still on its way!! We’re working as rapidly as we can to get everything ready. But quality trumps quantity and the wait will be well worth it.”

At the time of publication, SHIB was trading at $0.000021.

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