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Staff Reductions At Candy Digital And China’s Lockdown Protest NFTs

Two sets of photos and artwork relating to the infrequently seen large protests against China’s lockdown measures have debuted on the NFT marketplace OpenSea.

Are Tokens Non-Fungible?

Chinese protests against the strict, zero-tolerance COVID-19 policy have been memorialized as nonfungible tokens (NFTs). These NFTs have made their way to the OpenSea NFT marketplace.

There have been at least two collections made in November. The first is a Polygon-based collection called “Silent Speech,” which includes 135 NFTs of protester images, signs, graffiti, and even social media screenshots related to the current demonstrations. It is available for auction starting at 0.01 Ether or under $11.50.

Read more: Fate Of NFTs In The Crypto Winter

A more creative interpretation of the protest photographs may be found in the 36 Ethereum-based NFT collection “Blank Paper Movement,” which has a floor price of 10 ETH, or roughly $11,800.

The rare and widespread protests that have erupted across China since November 14, starting with citizens of Guangzhou, one of China’s largest cities, tearing down police barricades in opposition to COVID-19-related measures, holding a blank sheet of paper have come to symbolize the repression of speech.

  • Is The Cryptocurrency Market Downfall In The NFT Market?

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

Some Chinese internet users believe the harsh lockdown measures, including authorities wiring or welding doors shut, are to blame for people’s inability to flee.

What’s “Candy’s Digital” Opinion About The NFT Business?

Candy Digital fires 100 employees.
In light of the unstable cryptocurrency market and 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 outlet Sportico, more than one-third of the company’s 100 employees were let off.

Since Candy Digital hasn’t made the layoffs public, it’s unknown why they occurred and if any specific departments were impacted. Matthew Muntner, the former community content manager of Candy Digital, revealed on Twitter on November 28 that he was one of the staff members let go:

Read more: Learn How To Buy An NFT On Coinbase

Cointelegraph contacted Candy Digital for comment, but they did not respond immediately.

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.

Read more: Behind The Scenes Of The Impact Of FTT Fall On BTC

The business swiftly formed alliances with college players and sports leagues like Major League Baseball and the Race Team Alliance of NASCAR. 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 technology companies, including the NFT protocol Metaplex, which cut “several members” of its team on November 17, Meta, which let go of 11,000 workers on November 9, and Dapper Labs, a developer of the Flow blockchain, which let go of about 130 workers on November 2.

Is It An NFT-Themed Burger Restaurant?

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

The Philippine Blockchain Week, which began on November 28 local time, will feature a pop-up store from the Long Beach-based NFT-themed burger restaurant Bored & Hungry.

This is the first time the restaurant has been open in South East Asia. In early November, the brand also launched a pop-up french fry stand at NFT.London.

The restaurant’s premise was inspired by the owner’s Bored Ape Yacht Club and Mutant Ape Yacht Club NFTs, and it first accepted ETH and ApeCoin APE as forms of payment.

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

Is NFT Set As A Record Transaction?

New record-breaking NFT sales for Ripple’s XRP Ledger. An XPUNK NFT, a copy of the well-liked Ethereum-native CryptoPunk NFTs, sold for 108,900 XRP, or roughly $44,000, at the time of sale on November 25. This transaction set a new record for NFT sales on the Ripple XRP Ledger blockchain.

Is XRP Introduced NFT?

According to the official XPUNKS Twitter account, the sale was the outcome of an open auction that involved more than 20 participants in a Discord voice conversation. Although it vowed not to reveal the buyer, it said that “the community knows who it is.”

With the release of the XLS-20 standard, which was first proposed on May 25, 2021, the XRP Ledger introduced NFTs on October 31. The NFTs contain “automatic royalties” for producers.

Read more: Crypto Tweeters urge calm after joke

More Exciting News
On November 24, the ApeCoin holders-led decentralized autonomous organization (DAO) established its NFT marketplace with solely Yuga Labs-supported collections.

Behind The Story Of The Sports Team’s Success?

The floor price of an unrelated NFT collection with a Saudi Arabian theme increased by 52.6% after the Saudi Arabian soccer team’s unexpected victory over Argentina on November 22. Some people appeared to view the tokens as a subliminal way to wager on the success of sports teams.

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