Protests In China During COVID-19 Became NFTs



By Awais Rasheed // in NFT


Nonfungible tokens (NFTs) are cryptographic assets that are identified by specific identification numbers and other metadata. They are stored on a blockchain.

Nonfungible Tokens (NFTs) that portray the ongoing demonstrations in China against the nation’s strict COVID-19 policy have made their way to the NFT marketplace OpenSea.

In November, at least two collections were made. The first is a Polygon-based collection called Silent Speech, which offers 135 NFTs up for auction beginning at 0.01 Ether and containing photos of demonstrators, signs, graffiti, and even snippets from social media relevant to the recent protests.

With a floor price of 10 ETH, or around $11,800, another collection of 36 Ethereum-based NFTs with the title Blank Paper Movement takes a more artistic approach by making the protest graphics appear to be painted.

Starting with residents of Guangzhou, one of China’s largest cities, unprecedented and widespread demonstrations have broken out across China since November 14.

They break down police barriers in protest of COVID-19-related actions, and holding a blank sheet of paper has come to symbolise the repression of speech.

On November 24, a fire in a high-rise building in the northern city of Urumqi claimed the lives of 10 individuals, which sparked an uptick in demonstrations.

Some Chinese internet users think the strict lockdown procedures, which have included officials wiring or welding doors shut, are what prevented citizens from fleeing.

Candy Digital fires 100 employees

In light of the unstable cryptocurrency market and a sharp decline in NFT trading volumes this year, NFT business Candy Digital is said to have let go of a sizable chunk of its personnel.

According to a report published on November 28 by the sports media site Sportico, more than one-third of the company’s approximately 100 employees were let off.

With the support of the sports e-commerce site Fanatics, the pro-crypto entrepreneur Gary Vaynerchuk, and the CEO of Galaxy Digital, Mike Novogratz, Candy Digital was established in June 2021.

Several collegiate athletes and the collaborative Race Team Alliance of NASCAR are among the sports leagues with which the corporation swiftly formed ties. Major League Baseball is another. In Oct. 2021, after a $100 million investment round, it was valued at $1.5 billion.

Candy Digital’s layoffs come after those at other technological companies, including Metaplex, creator of the NFT protocol, which eliminated “many members” of its staff on November 17.

Meta also let go of 11,000 workers on November 9, and Dapper Labs, a developer of the Flow blockchain, let go of about 130 workers on November 2.

Restaurant Bored & Hungry operates a pop-up during Philippine Blockchain Week.

The Philippine Blockchain Week began on November 28 local time, and the NFT-themed burger eatery Bored & Hungry from Long Beach has put up a pop-up store there.

The restaurant is opening for the first time in South East Asia. In early November, the company launched a pop-up french fry booth at NFT.London.

The business mysteriously ceased taking cryptocurrencies as payment in June, around two months after it first opened, most likely due to the decline in cryptocurrency values.

About the author, Awais Rasheed

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