07/07/2022 No bids on Chevy’s first NFT, even though it came with a free Corvette Z06

Chevy’s first foray into non-fungible tokenswas a non-fungible dud. The automaker netted zero bids for its first NFT during an auction last month,even though the digital drawing came with a free 2023 Corvette Z06,according toCorvette Blogger.

The NFT, which depicts a lime green Corvette Z06 blasting through a cyberpunk landscape, was created by artist Nick Sullo, who goes byxsulloonline. The winning bidder would have also received a unique “Minted Green” Corvette Z06, which will be the only car painted in that color, and an option code RFN, which will “forever associate” the car with the NFT auction. And the Corvette’s VIN number will be in binary because NFTs are digital and computers use binary and you get it.

McDonald’s Collaboration Sparks Doodles NFT Floor Price Surge
NFTs weekly sales surge 94% as crypto market continues bullish run
Binance NFT Marketplace : Tout ce que vous devez savoir sur son lancement!

But alas, there was no winner to ascribe to the blockchain, because mighty Chevy struck out. The automaker was only accepting bids in Ethereum (most NFTs are purchased using Ethereum), the price of which has been extremely volatile in recent weeks. The cryptocurrency has dropped more than 64 percent since April 1st, whilethe most lauded NFTshave seen their floor price — price for the lowest one on the market — drop more than 70 percent.

Basically, they pulled aMorbius.

The auction was held from June 20-24. SuperRare, the NFT marketplace that oversaw the auction,tweeted on June 24ththat it would reopen bids for 24 hours because some users “missed” the window. But apparently that didn’t work: the auction closed yet again with zero bids. Basically,they pulled aMorbius.

Trevor Thompkins, a spokesperson for Chevy, shrugged off the disappointment in a statement toCorvette Blogger.“Our first step into Web3 has been educational, and we will continue to explore ways to leverage technology to benefit our customers,” Thompkins said.

Of course, the real loser in this story isn’t Chevy, which will no doubt move on from the experience a little older and a little wiser about the volatility of Web3. The real loser is DonorsChoose, an education charity, which was designated by Chevy as the beneficiary of the auction.

This could serve as a warning to other automakers who are tempted to dip their toes in the NFT marketplace: swim at your own risk.

Arts

https://www.theverge.com/2022/7/4/23194242/chevy-corvette-nft-auction-no-bids

Interesting NFTs
Traffic
Traffic explores a crossroads between the metaverse & reality through organized chaos. The complexity of this aural / visual landscape demanded over 200 hours of design time between Slimesunday & 3LAU. Every detail of this piece was built from scratch, from the reflective puddled pavement to the stabbing synthesis of the song. We think we'll be spending a lot more time in the metaverse in the future, don't you?
#88779
By OthersideDeployer
CryptoKitties
Hey cutie! I'm Kitty #452313. I'm a professional Ventriloquist and I love salad. I was voted most likely to work at NASA in college. Will you be the soy sauce to my peanut butter?
Block Chain Dungeon
Once upon a time... a little boy named Leo loved to paint, draw and experiment. He also loved to play with blocks and chains, which drew him again and again into the rooms of his friends Michel and Angelo. Often they also met in virtual rooms of Cryptovoxels, Decentraland, Somnium Space or Sandbox to create new inventions, read books about new technologies, or just swing the brushes. But on this day something gigantic happened. A good friend of Leo came to visit and brought his girlfriend Mona, who wanted a piece of Leo's art on her skin. This was the birth of the NFT's, as Leo developed Non Fungible Tattoos in the Block Chain Dungeon of Michel and Angelo. From that day on people from all over the world came to get NFT's from Leo or one of his students, like "Skeenee the rat", who controls the NFT machine with his laptop. A new age began.
David vs the Virus
"An ode to the year everything changed" - Frank Wilder The story of the underdog is a reoccurring theme throughout history, and perhaps the most famous example is that of David vs Goliath. A tale about perseverance, in which David takes on and defeats the giant warrior using only his smarts and a stone. Famously depicted by Michelangelo's David statue. Fast forward to the present day in 2020 and we as humanity are faced with our own Goliath. An uncontrollable pandemic spread around the globe. Now with the entire planet being affected by this we understand the gravity of the situation at hand, whether it be a virus we’re fighting or other forces at play, there is indeed an energy out to shift the balance of the Universe… Regardless of our differences, in this moment must unite as one. With diligence, trust and belief we as a whole can come together to triumph against "the enemy". Stay vigilant my friends. Original score created by the one and only Phoenix Wilder.