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.

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
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
The Moth Catcher
In this psychologically bed-headed portrait, a creature sets in a trance; his eyes devolved and vestigal, his third eye open but hardened and in a form resembling a Sharingan. The imagery therefore expresses an awareness existing in corporeal introspection. The creature’s mind sprouts, on the left side, an emerging face, grinning. To the right side of the head, red tentacles and fingers intertwine–a collaboration of invertebrate and vertebrate consciousness cooperatively handling paint brushes of the sort used to build an oil painting. The neck and throat bristle with random thorns, as from a rose or the upper portions of a beak sprouting from its flesh. The neck itself disassociates into layers of membranous material, terminating upon an abstracted base of convoluted forms composing its body. The nose is virtually non existent, more a sinus reiterative of the shape of the third eye. Set against the exposed teeth peering out of thick, meaty cheeks, a skeleton-like impression results. That impression sets behind a visceral set of lips and tongue, which is the creature’s prime seat of awareness. Sensual, organic, the tongue organ hangs, meaty, and with consciousness of a sea cucumber. It illuminates at the tip, drawing the attraction of a nearby moth–with mystery of purpose.
Bright Future
The brightest light casts the darkest shadow. Be the light not the shadow.
#56151
By OthersideDeployer
YouTube Lab
YouTube logo factory. 10-second loop, 30 fps. Created using Cinema4D, X-Particles, TurbulenceFD, Octane, and After Effects.