😤 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,




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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.



🖼 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.


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🔗 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.


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