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TG4 removes first ever Irish language NFT as the artist never gave permission to mint it – JOE.ie

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An Irish language version of this article is available here.
Irish television channel TG4 has removed the first ever Irish language NFT (Non Fungible Token) from circulation as the artist behind the images never gave permission for the images to be minted.
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The images were first posted by BLOC, a TG4 subsidiary which produces content designed with young adults in mind.
The Naofa’s Focain Traochta collection (Holy and F***ing Exhausted) was minted to the blockchain via the OpenSea platform, which also hosts the controversial Bored Ape Yacht Club collection.
The collection was as part of celebrations for St. Brigid’s Day on Tuesday (1 February).

The pictures were shared on Twitter as well, along with the link to the OpenSea page.
The images remained available on the site for around five hours, until the artist who designed the pieces, Louise “Selkies” Ní Chuillin, tweeted that she had never given permission to the channel to mint her pieces.
This drawing was commissioned as a pisstake of NFT art, the Bored Ape style thing, which I was into because I think NFTs and crypto are fucking stupid.
I never gave permission, and was never told, that anyone had it in mind to actually make a bleedin NFThttps://t.co/cjjAI9An9R
— Big Sickle Energy 🐄☭ (@Selkies__) February 1, 2022

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“This drawing was commissioned as a pisstake of NFT art, the Bored Ape style thing, which I was into because I think NFTs and crypto are fucking stupid,” Louise tweeted.
“I never gave permission, and was never told, that anyone had it in mind to actually make a bleedin NFT,” she added.
The tweet has since been removed from BLOC’s social media channels, but the original designs remain to be seen on their Instagram account.

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BLOC reached out to people who criticised the move to mint the images and asked them if they would want to create content around the controversy surrounding NFTs.
In a statement sent to JOE, TG4 said that the social brand “wanted to start a discussion about NFTs through their social media platforms”.
“While there is some awareness of NFTs, a lot of the audience who follow BLOC have very little knowledge of them,” the statement read.
“BLOC commissioned an NFT-style graphic from artist Selkies to raise awareness of NFTs.
“It was never intended to sell her work.
“Although she was aware that it was an NFT-style piece, she wasn’t aware where it would be published online. She contacted BLOC yesterday, and the image was removed from the OpenSea site immediately,” the broadcaster concluded.
An NFT is a piece of data on the blockchain that can be sold or traded. This data could be anything, but it has generally been used to purchase images.
Minting data to the blockchain requires an enormous amount of computing energy, which in turn creates large carbon emissions.
OpenSea, the site that BLOC used to mint the images, has emitted more than 68.7 million kilogrammes of carbon since launch, 11 million more than the entirety of Ireland’s greenhouse gas emissions in 2020.

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FASB Excludes NFTs, Some Stablecoins From Crypto Accounting Project – The Wall Street Journal

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Michael Saylor can't stop: MicroStrategy now holds 130,000 Bitcoin – Cointelegraph

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MicroStrategy bought an additional 301 BTC for $6 million at an average price of $19,851, the company’s executive chairman announced on Twitter.
MicroStrategy now owns 0.62% of all the Bitcoin (BTC) that will ever be mined. The company’s executive chairman, Michael Saylor, announced that the company bought another 301 BTC for roughly $6 million at an average price of $19,851 per BTC. 
In sum, the company is one of the planet’s largest holders of the asset, owning 130,000 BTC. Apparently, Saylor likes round numbers, buying 301 BTC to reach the 130,000 milestone. 
MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoin. As of 9/19/22 @MicroStrategy holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.https://t.co/5kYW98ij4I
Due to plunging price action, the company’s investment is down substantially in U.S. dollar terms. MicroStrategy’s entry price is roughly $30,639 per BTC, and the Securities and Exchange Commission filing states that the firm has bought 130,000 BTC at an aggregate purchase price of approximately $3.98 billion.
If MicroStrategy started stacking sats (buying Bitcoin) at today’s prices, it would have spent $2.48 billion on 130,000 BTC. Saylor is currently at a paper loss of over a billion dollars.
According to the SEC filing, the company made the purchase with “excess cash.” Saylor recently stepped down as CEO of the company to focus on buying more Bitcoin, while Washington, DC has taken aim at the billionaire in a tax evasion lawsuit.
Bitcoin enthusiasts were quick to commend Saylor’s buy. Referred to as the “Chad” or “Gigachad,” Saylor’s conviction and commitment to buying Bitcoin despite the investment being underwater has garnered both a devout following and numerous critics.
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Other large wallet addresses include that of crypto exchange Bitfinex, which holds 170,000 BTC, and a Binance reserve wallet that holds 125,000 BTC. Binance is the world’s largest crypto exchange and has several wallets holding six figures of Bitcoin. Regarding individuals, Saylor has stated that he holds Bitcoin, and FTX CEO Sam Bankman-Fried and Binance CEO Changpeng Zhao are also “hodlers” — a meme that became popular jargon for holding crypto.

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NFT Collections Will Be Regulated Like Cryptocurrencies Under EU’s MiCA Law, Official Says – CoinDesk

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