Nifty News: China’s lockdown protest NFTs emerge, Candy Digital cuts staff, and more


China’s COVID-19 protests cemented as NFTs

Nonfungible tokens (NFTs) depicting the continued protests in China in opposition to the nation’s robust zero-tolerance COVID-19 coverage have discovered their option to the NFT market OpenSea.

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At the very least two collections have been created in November, the primary is a Polygon (MATIC)-based assortment known as “Silent Speech” that includes 135 NFTs depicting photos of protesters, signage, graffiti and even social media screenshots associated to the continued protests up for public sale beginning at 0.01 Ether (ETH), or simply underneath $11.50.

A Silent Speech NFT titled “Beihang College” (translated) reveals an picture of a number of tealight candles inside surgical masks. Candles are an typically used image of remembrance.

One other assortment titled “Clean Paper Motion” of 36 Ethereum-based NFTs with a ground worth of 10 ETH, or almost $11,800, includes a extra inventive take as the photographs of the protests seems to be painted.

Holding a clean sheet of paper has emerged as a logo representing the suppression of speech within the uncommon and widespread protests which have flared up throughout China since Nov. 14, beginning with residents of Guangzhou, considered one of China’s largest cities, tearing down police barricades in response to COVID-19 associated measures.

The protests intensified on Nov. 24 as a hearth that day in a high-rise constructing within the northeastern metropolis of Urumqi killed 10 folks.

Some Chinese language web customers imagine residents weren’t capable of escape as a consequence of excessive lockdown measures which have included authorities wiring or welding doorways shut.

Sweet Digital lays off 100 workers 

NFT firm Sweet Digital has reportedly laid off a sizeable portion of its workforce amid turbulent crypto market circumstances and an enormous dip in NFT buying and selling volumes this yr.

Multiple-third of the corporate’s roughly 100 workers have been minimize in keeping with a Nov. 28 report from the sports activities business outlet Sportico.

It’s unclear the explanation for the layoffs and if any explicit departments have been affected as Sweet Digital has not publicly addressed the layoffs. The previous community content material supervisor at Sweet Digital, Matthew Muntner, in a Nov. 28 Twitter publish publicly confirmed he was a part of the workers cuts:

Cointelegraph contacted Sweet Digital for remark however didn’t obtain a right away response.

Sweet Digital was launched in June 2021, backed by sports activities e-commerce retailer Fanatics, crypto-friendly entrepreneur Gary Vaynerchuk and Galaxy Digital CEO Mike Novogratz.

The corporate shortly gained partnerships with sports activities leagues together with Main League Baseball, NASCAR’s collaborative Race Workforce Alliance, and a number of other school athletes. It was valued at $1.5 billion in Oct. 2021 following a $100 million funding spherical.

Sweet Digital’s layoffs observe others throughout know-how corporations equivalent to NFT protocol Metaplex’s Nov. 17 cuts of “a number of members” of its workforce, Meta’s Nov. 9 layoff of 11,000 workers, and Movement blockchain developer Dapper Labs’ Nov. 2 layoffs of roughly 130 workers.

Bored & Hungry restaurant runs pop-up at Phillippine blockchain week

The Lengthy Seaside-based NFT-themed burger restaurant Bored & Hungry has arrange a pop-up store on the Philippine Blockchain Week which kicked off on Nov. 28 native time.

It’s the primary time the restaurant has operated in South East Asia, the model additionally operated a pop-up french fry stand at NFT.London in early November.

The restaurant first opened in April and is themed utilizing the proprietor’s mental property of his owned Bored Ape Yacht {Club} and Mutant Ape Yacht {club} NFTs and accepted ETH and ApeCoin (APE) as cost.

Round two months after its opening, in June, the shop inexplicably stopped accepting cryptocurrency as a type of cost, seemingly as a result of drop in crypto costs.

Ripple’s XRP Ledger hits new report NFT sale

Ripple’s XRP Ledger blockchain has recorded a brand new report NFT sale, with an XPUNK NFT — a clone of the favored Ethereum-native CryptoPunk NFTs — selling for 108,900 XRP (XRP), about $44,000 on the time of sale on Nov. 25.

The sale was a results of an open public sale with over 20 folks in a Discord voice chat according to the XPUNKS official Twitter account. It refused to reveal the purchaser however stated “the community is aware of who it’s.”

Associated: The metaverse is a brand new frontier for incomes passive revenue

The XRP Ledger launched NFTs on Oct. 31 with the introduction of the XLS-20 customary that was first proposed on Might 25, 2021, the NFTs characteristic “automated royalties” for creators.

Extra Nifty Information

The community-led decentralized autonomous group (DAO) made up of ApeCoin holders launched its personal NFT market on Nov. 24 that includes solely Yuga Labs-backed collections.

Following the shock win of the Saudi Arabian soccer workforce on the FIFA World Cup over Argentina on Nov. 22, the ground worth of a Saudi Arabian-themed NFT assortment unrelated to the workforce jumped by 52.6% with some showing to view the tokens as an oblique option to wager on the success of soccer groups.

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