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Friday, June 25, 2021
CONTEXT: Fools and Their Money—“Wenew” Selling “Iconic Moments” in Plastic
Beeple and the founder of Pitchfork are launching an NFT site where you can buy moments in time https://t.co/czc6SlLIpH pic.twitter.com/mGLQoaJ4OT
— The Verge (@verge) June 24, 2021
Walker's Law is “Absent evidence to the contrary, assume everything is a scam.” Sometimes, however, the thing itself presents its own evidence of its status, as Cicero put it, res ipsa loquitur. Here we have Wenew, founded by somebody calling himself “Beeple”, who is best known for selling a non-fungible token (NFT) for US$ 69.3 million in a Christie's auction.
Wenew co-founder Michael Figge said, “A lot of things in the NFT world feel like a cash grab right now, and we wanted to put storytelling first.” Res ipsa loquitur.
Posted at June 25, 2021 12:24