Issue #39
Week 23 2021

Sotheby's Loves NFTs

What an event! Sothebys has done a great job curating an awesome selection of 28 artists and their respective crypto communities favorite NFTs to showcase in addition to putting on a hell of a great presentation!

โ€œSothebyโ€™s landmark digital media auction Natively Digital: A Curated NFT Sale, will showcase both commissioned and existing NFTs from a variety of digital artists. Together, the sale demonstrates the breadth of mediums, creativity, and artistic expression made possible by NFTs. The sale is hosted by Sothebyโ€™s and co-curated with Robert Alice. For information on how to set up an account, how to bid, and FAQs, click here.

The pre-sale exhibition will be open to public at Sotheby's New York, London, and Hong Kong locations."

The head of sales at Sothebyโ€™s, Michael Bouhanna, has a very forward thinking outlook regarding Sothebys and NFTs. He and the Sothebys team have obviously given incredible care and consideration putting their best foot forward promoting a diverse group of NFTs and their communities as a whole. There are too many great artists included in this high-profile event to cover them all in a single article. It was sure special seeing the familiar faces of these especially talented artists and devoted NFT community members.

Twin-Flames-1

Twin Flames made a fitting and inspired addition to the well rounded curation.

Big congrats on the awesome sale. Well earned Justin Aversano!

Many Larva Labs enthusiasts have long suggested that AutoGlyphs have that โ€˜high artโ€™ look fit for major galleries and auctions..

AutoGlyphs-01

The Symbol Set #7 AutoGlyph buyer might be the biggest winner of the event! Congratulations on the unbeatable price for such a significant NFT!

As awesome as it is appropriate finding Art Blocks here!

Art-Blocks-01

Massive respect and congratulations to all of our friends Art Blocks :)

Canโ€™t wait for the obligatory third season auction!

Oh, and this guy.

I imagine a record breaking price helps, but itโ€™s still not easy letting go.. Great sale @sillytuna!

Congratulations to the new owner as well! It didnโ€™t take long for news of the buyer to spread. Definitely worth checking out Decryptsโ€™ great article covering the details of this historic NFT purchase!

Truly an incredibly significant NFT sale for our time.

The action isnโ€™t over yet...

The variety of groundbreaking art as well as new mediums for the presentation being thoroughly explored by Sothebys are especially validating to the many NFT art creators, supporters, and long-time believers. Frankly, itโ€™s also a very well executed nod to the future prosperity of the metaverse! Their initiative and hard work has certainly not gone unnoticed by members of faithful groups spanning the entire Ethereum NFT ecosystem.

โ€œWe see spaces like Decentraland as the next frontier for digital art where artists, collectors and viewers alike can engage with one another from anywhere in the world and showcase art that is fundamentally scarce and unique, but accessible to anyone for viewingโ€ 

With this landmark Sotheby's Natively Digital event wrapping up we have come away with a lot to be excited about! In fact, the only notable drawback of this auction was one weโ€™ve spotted just about everywhere elsewhere in the mainstream auction world... Itโ€™s the continued lack of a truly decentralized bidding platform. KYC requirements and approvals made by a central authority. Sidestepping such gatekeepers is an absolute cornerstone of blockchain technology. One essential to unlocking and realizing the full potential of a worldwide decentralized art market.

SHARE

Miami BTC

The annual bitcoin Conference happened last week, taking place in Miami, Florida. The conferences had more than 50,000 people attend this year, showing the growth of crypto. Letโ€™s take a look at some funny and key moments of the conference.

FUCK ELON

Probably the most viral moment to come out of the conference is when Max Keiser screamed out, โ€œweโ€™re not done, weโ€™re not done, fuck Elon, fuck Elon,โ€ on Friday night. He seemed to have been responding to Elon Muskโ€™s recent tweets about cryptocurrencies.

Keiser also set another viral moment when he ripped up a ten-dollar bill during an interview, saying:


โ€œHereโ€™s a ten-dollar bill; this is garbage. Your people in South Africa, you have your rand, right? Thatโ€™s going to zero. This is going to zero too; euros are going to zero, the yen is going to zero, the Chinese currency is going to zero. Itโ€™s all going to zero against bitcoin.โ€


He was trying to make a point that all fiat currency will soon turn to zero, but BTC will hold. 

DOGE to the Moon

Another funny moment to happen is when a member of the DOGE army crashed a panel and tore off his suit to reveal a DOGE shirt. The DOGE army appears to be strong even after DOGE lost more than 33% of its value.

Floyd Mayweather gets booed

Boxer Floyd Mayweather got booed by the crowd after he said another cryptocurrency would be just as big as bitcoin. 


The event organizers told all attendees and speakers to leave talks about other crypto assets outside of the convention. This censorship of other cryptocurrencies seems to go against what bitcoin is all about. Another error by the event organizers is having Maywearth speak in the first place; the dude can barely read. He probably spoke about other cryptocurrencies because he couldnโ€™t read the guidelines of the convention. 

COVID is still a thing

On a serious note, it seems that the convention might have been a COVID super spreader. Multiple people have tested positive for COVID-19 after coming from the convention. More than 50,000 people attended the event, most without masks. This news has brought backlash to the convention and attendees.

BTC is now a currency of a country

It was announced that El Salvador would introduce a law for a vote that would make BTC an official currency. Since then, it has passed El Salvadorโ€™s legislation and has now become an official currency. Check out the story we did on it in last weekโ€™s issue here.

Jack Dorsey

Jack Dorsey spoke at the conference and showed his support to bitcoin when he said: 


โ€œIf I were not at Square or Twitter, I would be working on bitcoin. If [bitcoin] needed more help than Square or Twitter, I would leave them for bitcoin,โ€ he said. โ€œBut, I believe both companies have a role to play.โ€


He has also stated that Square is considering making a hardware wallet for bitcoin. And since then, Square has announced they are now partnering with blockchain technology provider Blockstream Mining to create a solar-powered bitcoin mining facility.

Another highlight from Jack Dorseyโ€™s discussion is when controversial figure Laura Loomer heckled him about his censorship of people through Twitter. 

Many conventions tend to cringe, and the bitcoin convention was no different. But thatโ€™s ok because we get videos like this one:

SHARE

Fvckrender hack

On Friday, June 11, 2021, prominent cryptoartist, FVCKRENDER, was a victim of a google drive hack that gained access to his Metamask wallet to the hacker man.

FVCKRENDER received a dm on Twitter inquiring about a potential project and asking to share files to his email. FVCKRENDER, thinking this inquiry was legit, opened up an SCR file. This, in turn, resulted in a trojan virus being installed into his computer. 

The virus went after all his data and sent it back to the hacker. The virus found FVCKRENDERโ€™s seed phrase, which allowed the hacker to gain access to FVCKRENDERโ€™s metamask wallet. 


Manifold, an NFT product company, provided FVCKRENDER with a temporary secure address to send his most essential assets to minimize the hackโ€™s damage. According to Manifold, the order of importance of those assets were: 

  • ETH balance
  • High value ERC20 tokens
  • ENS domains
  • Contract ownership of his minting contract
  • High-value NFTโ€™s
  • Locking down profiles on OpenSea, Foundation, Makersplace, Rarible, Superrare 
The hacker man was apparently able to drain a small amount of ETH, ERC20โ€™s, and 40,000 AXS from the wallet. 
Some lessons to learn from this hack  


This hack is an example of why you shouldnโ€™t have your seed phrase stored anywhere on a computer. A hacker can dig through files, data, and caches to find the seed phrase. Also, FVCKRENDERโ€™s primary wallet was not a hardware wallet that allowed the hacker man to access most of his assets. This hack might encourage more people to start using hardware wallets as they are one of the best ways to secure assets. 


Richerd did a great thread on how to protect yourself from a hack like this one.

One of the best things to see about this situation is the community response. Many people have brought light to other various attacks. Also, they have been sharing information on how not to fall for these skems. 

If you are a victim of a skem, itโ€™s probably best you share your situation. This would prevent other people from falling victim to a similar attack and would build the community to weed out attacks from hackers. 

Stay safe out there
SHARE

Gutter Cats

This week another avatar NFT collection dropped Gutter Cats Gang. The project is a collection of 3,000 unique Gutter Cats, and each Cat will give the owner creative and commercial rights. This project has also drawn criticism as a copycat of the Bored Apes project. 


โ€œThe Gutter Cat Gang is a collection of 3000 unique Gutter Cat NFTs who live in the post-apocalyptic shatters of society on the ETH blockchain. Ownership includes creative & commercial rights of your Gutter Cat as well as initiation into the Gang.โ€

unnamed-1
guttercat_0020_Layer-3

The Cats are set in a post-apocalyptic era where a gang of cats rule the earth. 


โ€œThe year is 2050. Humans are an interplanetary species and have all but abandoned the post-apocalyptic shatters of society on earth. Cats have taken over. One crime-ridden, nondescript inner city is inhabited by a group of cats collectively known as the Gutter Cats. This is their story.โ€

Each Cat is made up of 123 random traits and attributes, making some rarer than others. They are set apart through their background, eyes, mouth, shirts, hats, earrings, necklaces, and beards. 

The project exploded off the recent success of Board Apes, selling out within 10 minutes. Although people were expecting it to sell out, at the time, it did was unexpected.

Unlike the Bored Ape sale, many big crypto influencers were speaking out against it. Many have drawn this project up to be a copycat project of the Bored Ape. But this might have had the inverse effect of what critics wanted; it gave the project a narrative as the Anti-Influencer NFT. 

This narrative might have helped the project in the secondary market as it is exploding too. The floor price seems to be double the original price they were bought for. Although these cats are not selling like Bored Apes, there are multiple crazy examples of these cats shooting up in value; this one below probably has to take the cake. 

With all of these avatar NFT collections coming out, you have to wonder how more of these will sell out? People surely canโ€™t constantly be buying these. Do people really want an infinite amount of avatars? But you have to consider this question is coming from a person who doesnโ€™t have a Punk, Meebit, Ape, and now a Cat. 

SHARE

Artist profiles:

trym_ruud_100

Trym Ruud

Trym tells stories through his artworks and often through Rude boys.

Rude boys is a highly personal project, and each rude boy is almost always made for Trym Ruud himself rather than to please a crowd.

"When I make art for myself, I am having fun, when I am having fun with a project or an artwork, that is when I produce my best works, and I believe people see that in my works. So rather than creating for others, I create for myself. Wich then again inspires others, at least so I've been told".-Trym

Rude boys are all about telling stories. Each Rude tells a different story, often inspired by something Trym wants to say to the viewers or to tell to himself. Most of the inspiration for Rudeboys comes from everyday life and how Trym feels that day.

02
01