Dubai’s Art Gallery Sets to Enlighten Artists on NFTs and Web3
This October, the 37xDubai art gallery is throwing open its doors with a mission: to turn baffled artists into NFT-savvy digital maestros. Founder Danilo Carlucci has grand plans, including workshops that promise to demystify the nonfungible token landscape. Imagine trying to explain blockchain technology to that one artist friend who still thinks “the cloud” is just a weather forecast!
Membership Through Art: The Tree of Life Installation
The gallery won’t just be a place to sprinkle creativity; it’s also integrating NFTs into its community. Carlucci has teased a unique twist where artworks from the gallery’s “Tree of Life” installation will serve as membership tokens. Talk about putting your money where your brush is!
OpenSea’s Denial: The Case of the $60 Million Rug Pull
In a classic case of social media drama, OpenSea has distanced itself from accusations linking former executive Kevin Pawlak to the notorious AnubisDAO rug pull in 2021. The NFT world loves a good scandal—but it also loves a quick rebuttal! An anonymous account, @NFTEthics, has been stirring the pot, claiming Pawlak’s involvement with pseudonymous character “0xSisyphus.” OpenSea, however, is like that kid in class who claims their dog ate their homework—saying they have no evidence connecting him to any “dubious business dealings.”
Astrology-Themed NFT Project: Lucky Star Currency Riddled with Drama
Meanwhile, the astro-themed NFT project, Lucky Star Currency (LSC), has morphed into a cautionary tale, featuring an alleged exit scam totaling over $1 million. The crafty move, reported by blockchain security experts CertiK, revealed that the project’s deployer used the “withdrawToken” function to drain funds faster than your wallet empties at a craft store. The tokens were then swapped for Binance USD and whisked away to an undisclosed account, making it rain in the digital underworld.
China Daily Ventures into the NFT Realm
In an unexpected twist, China Daily, a newspaper under the watchful eye of the Chinese Communist Party, is gearing up to launch its own NFT platform. They’re not just dipping their toes in the metaverse waters—they’re diving in headfirst! With a budget of 2.813 million yuan (that’s $390,000 for us non-millennial folks), the paper is hiring contractors to whip up this NFT wonderland. And guess what? They even plan to facilitate cross-platform trading with locations like OpenSea and LooksRare. Who knew political journalism and digital collectibles would ever go hand-in-hand?
Wrapping Up the Week in NFTs
As the NFT space evolves faster than a TikTok dance challenge, it’s crucial to stay informed. This week highlighted the combination of art education, dubious scams, and surprising ventures into new digital landscapes. Stay tuned for next Wednesday’s newsletter—because in the world of NFTs, there’s always a plot twist waiting around the corner!
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