😤 Artists Cry Foul Over Sold Out NFT Drop of Stormtrooper Images

Hello Defiers! Here’s what we are covering today, News Artists Cry Foul Over Sold Out NFT Drop of Stormtrooper Images FreeRossDAO Makes Winning $6M Bid for NFT Art by Silk Road Convict Ulbricht Video Keeping it Real: Striking the right balance between...

Hello Defiers! Here’s what we are covering today,

News

Video

Links

Trending in The Defiant

The open economy is taking over the old one. Subscribe to keep up with this revolution. Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button below ($15/mo, $150/yr).air

Subscribe now

🙌 Together with:

  • Balancer, one of the leading DeFi automated market makers (AMM) for multiple tokens. Dive into their pools at this link.
  • Kraken, consistently rated the best and most secure cryptocurrency exchange, which can get you from fiat to DeFi
  • Polymarket is a decentralized information markets platform, harnessing the power of free markets to demystify the real world events that matter most to you. Learn More!
  • Sorare Experience true football connection in The Global Fantasy Football Game! Trade & collect, play with football NFTs #OwnYourGame Learn More!
the-defiant

NFT Consent

😤 Artists Cry Foul Over Sold Out NFT Drop of Stormtrooper Images

CONSENT The Art Wars Collection, a series of NFTs depicting painted Stormtrooper helmets from the Star Wars franchise, has come under fire for launching without the consent of the artists who created the original works.

MINTING The series comprises 1,138 images chosen by curator Ben Moore and was launched on Nov. 6 in partnership with NFT minting platform Dropspace. The drop reportedly sold out within five seconds at 0.6 Ether each, garnering 682.8 ETH (worth $3.03M at the time) for the Moore and Dropspace.

RENOWNED ARTISTS However, Sholi Goodman, a lawyer representing around 30 artists whose work was included in the NFT drop, alleges that roughly 100 of the tokens are unauthorized reproductions that were sold without the artists’ consent. Since 2013, Moore has held Art Wars as an inaugural event that exhibits Stormtrooper helmets featuring paintings from renowned artists.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

DAOs

🖼 FreeRossDAO Makes Winning $6M Bid for NFT Art by Silk Road Convict Ulbricht

NEWS FreeRossDAO has won the auction for NFT art created by Ross Ulbricht, the convicted criminal mastermind behind the Silk Road darknet emporium.

AUCTION Despite being formed a week ago, FreeRossDAO won the auction with a bid of 1,446 Ethereum (roughly $6 million) after raising more than 2,836.6 ETH from more than 1,320 members of the crypto community. Now it plans to use the proceeds to fund a bid to reduce or overturn Ulbricht’s life sentences.

FRACTIONALIZATION “This is just the beginning,” tweeted FreeRossDAO on Dec. 9. “We still have a long way to go to seek justice and rectify his disproportionate sentence.” Contributors that backed the organization will receive ROSS tokens representing fractional shares in the NFTs. ROSS holders will also be able to vote on governance proposals for the DAO. The DAO stressed that an official announcement regarding the NFT’s fractionalization and contract address will be posted in the coming days, warning contributors to be vigilant of fake ROSS tokens in the meantime.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Sponsored Post

the-defiant

Nexo – The Only Crypto Platform You’ll Ever Need

Nexo is a trusted and easy-to-use crypto lending and exchange platform where you can buy cryptocurrencies at the touch of a button and start earning up to 20% annual interest that is paid out daily.

They support all of the major assets on the market, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Polygon (MATIC), and Polkadot (DOT), and allow you to swap one asset for another with lightning speed.

With Nexo, you can buy crypto with your Visa and Mastercard credit or debit card instantly and start earning on your digital assets right away.

You can also borrow cash and stablecoins tax-efficiently against your digital assets without selling them.

Nexo complies with the highest security standards and is audited in real time which is why nearly 3 million people in over 200 countries trust the platform with their digital assets. So whether you're just getting started or you’re a seasoned pro, get the most of your crypto today with Nexo.

The Tube

📺 Keeping it Real: Striking the right balance between regulation and innovation

📺 The Defiant Weekly: How to get started in DeFi

Links

🔗 Polygon acquires ZK-rollups startup Mir Protocol for $400 million: The Block

Polygon (formerly Matic Network) has made yet another acquisition in the ZK-rollups space, buying Mir Protocol for $400 million.

🔗 Crypto derivatives platform Paradigm nabs $400 million valuation in funding round: The Block

Paradigm — a player in the crypto derivatives market — is the latest digital asset trading firm to tap into the wave of capital pouring into the market.

🔗 The Graph Awards $60M Grant to Semiotic AI to Join The Graph as a Core Developer: The Graph

The Semiotic team is joining The Graph as a core developer and being awarded a $60 million grant over 8 years to support protocol R&D.

🔗 Congressman jokes about a Mongoose Coin: Now it exists: CoinTelegraph

Democratic representative for California Brad Sherman joked about how ridiculous a “Mongoose Coin” would be on Wednesday — and by Friday it had become a reality.

the-defiant

Avaware🔺 @AvawareAVE📢 AUSD Stable Coin is Now Live! 📢 Mint/Redeem AUSD! ✅ Farm Stable Pairs! ✅ Arbitrage For Profits! ✅ AUSD: avaware.network/ausd Farm: avaware.network Avalanche Native Stable Coin! 99% Backed #Avalanche #Avaware #AVAX #DeFi #YieldFarming #Web3 @avalancheavax

the-defiant

10:47 PM ∙ Nov 28, 20212,240Likes2,350Retweets

the-defiant

boredapebot @boredapebotBored Ape #3415 was purchased for 200.0 ETH opensea.io/assets/0xbc4ca…7:58 PM ∙ Dec 9, 2021969Likes142Retweets

Trending in The Defiant

🧑‍💻 ✍️ Stories in The Defiant are written by Brady Dale, Owen Fernau, Samuel Haig, DeFiDad, and yyctrader, and edited by Edward Robinson, yyctrader, and Camila Russo. Videos are produced by Robin Schmidt, Alp Gasimov and Daniel Flynn. Podcast is led by Camila, edited by Alp.

Subscribe now

The Defiant is a daily newsletter focusing on decentralized finance, a new financial system that’s being built on top of open blockchains. The space is evolving at breakneck speed and revolutionizing tech and money. Sign up to learn more and keep up on the latest, most interesting developments. Subscribers get full access, while free signups get only part of the content. Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button above ($15/mo, $150/yr).

banner