11/03/2022 John Terry’s NFT collection plunges 90% in value

John Terry’s collection of non-fungible tokens (NFTs) have plummeted in value by 90 per cent over the past month, with England internationals Tammy Abraham and Ashley Cole quietly deleting their endorsements of the controversial scheme,The Athleticcan reveal.

This comes as the Premier League is considering its own official NFT partnership deal potentially worth hundreds of millions of dollars, despite the sector being completely unregulated, and the subject of fierce criticism.

Terry’s ‘Ape Kids Football Club’ NFTs were publicly trading for an average price of $656 after launch on February 2, but by March 8 the average price had dropped to $65.

This means football fans who bought NFTs because their heroes endorsed them on social media stand to lose huge amounts of cash.

Non-fungible tokens are a form of digital asset based on blockchain technology that underpins cryptocurrencies like Bitcoin and Ethereum.

To their advocates, they are the modern iteration of trading merchandise like stickers or clothing, but to detractors, they are enriching the already wealthy to the detriment of sports fans exposed to unregulated financial speculation.

There has been a general dip in the cryptocurrency and NFT markets in recent weeks, which may explain part of the dip, though not nearly as big as 90 per cent.

After Terry announced Ape Kids Football Clubin January, the Premier League staged a legal intervention over NFTs which used an image of the trophy, protected by intellectual property laws. Premier League, UEFA and FA trophies were removed from the Ape Football Kids Club NFTs, as well as the badge of Chelsea, the club which Terry now works for, for similar reasons.

Arts

https://theathletic.com/news/john-terrys-nft-collection-plunges-90-in-value/O0qBVJcqpDit/

Interesting NFTs
Who is Satoshi Nakamoto?
"Who is Satoshi Nakamoto?" is dedicated to the mysterious creation of Bitcoin, and acts as the showcase artwork within Javier Arrés’ exploratory series "Bitcoin, The Origin". "Who is the creator of Bitcoin?" The artist, Arrés, explores this question, and the feelings of doubt and mystery that accompany it, through his unique artistic language. An unknown, an enigma. It should be remembered that the name Satoshi Nakamoto is a pseudonym of Bitcoin's author or authors and gives us little insight into its true creator. For this Visual Toy, Arrés uses the signature claw machine, his famous half-operation, to symbolize our collective ignorance and unconfirmed belief: As soon as it has the stuffed animal within its grasp and appears to have solved the puzzle, the animal escapes again, and again. At present, there are three more public and studied possibilities who are either believed to be the creators of the currency or who directly claim the creation of it. It may be all or none of them, yet these three personalities leave us clues which are an important part of this interesting enigma. For this moment, it will remain unknown... In this artwork, Arrés elevates the claw machine from the apparatus, to an iconic pop art object serving as an important element to the Bitcoin creation narrative. Action is everywhere, with each movement serving an iconographical or metaphorical purpose related directly to cryptocurrency: Various ups and downs, roller coasters, mining points, robot, coins and more speak to a sense of hope, risk, mystery, randomness and possibility of pay out. Hundreds of manically thought out details make this creation one of the artist’s most complex Visual Toys to date. ------- "Bitcoin, The Origin" is a set of two Visual Toys, titled "Who is Satoshi Nakamoto" and "It’s Alive!" which reflect and explore the mystery and enigmas behind the creation of Bitcoin. Arrés presents these proposals to us in his signature style, full of iconography, fantasy, maniacal animations and a panoply of details (both subtle and overt) which simultaneously fascinate, hypnotize, and narrate this historical milestone through the singular vision of the artist. Through this series, Arrés freezes a crucial moment of cryptocurrency history, taking a still photo under his vision and turning it into two unique crypto artworks. ---- More info about Javier Arrés: https://javierarres.com/about.html
Pastel Wave #176
Pastel Waves Abstraction made by anon.
Cockerel and chick
Katsushika Hokusai (1760-1849) Cockerel and chick late 1810s - Japan
Magnetic Forces v3
"El imán humilla al hierro. Es una teoría sobre el amor. Magnets humiliate iron. It's a theory about love." --Marco Denevi
Right Place & Right Time (bitcoin hourly price offset)
Each day, a new composition for the Master is generated autonomously using a data feed of Bitcoin's last 24 hours of price action. Each hour's price programmatically controls rotation, scale, and position of a correlating layer. Astute viewers will surmise the day's price volatility simply by examining the artwork. While the daily image generation is the result of autonomous API calls, utilizing an algorithm the artist wrote, the artist has chosen to retain a control token. This token allows him to fine-tune variables associated with his algorithm, in addition to addressing aesthetic concerns within the life-cycle of the artwork. Layer state, alpha, hue, saturation, and brightness are elements the artist has retained control of in order that this artwork remain a living work-in-progress. An earlier iteration of this artwork was featured as a nightly projection mapping video on the face of the Daniels Fisher Clocktower, as part of ETH Denver 2020. Access to this and additional exclusive content awaits the master token owner at the artist's NFT Portal: https://collect.mattkane.com/minted-works/right-place-right-time-bitcoin-hourly-price-offset/