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
UC01
Tensions, reflections and multiplicity. Body studies. UNICORPS _ is a collection where Jordi Cervera follows its research for the mirror of this deep liquid moving times, we are living in. Through the multiple exposures and movement UNICORPS, as our daily inner intimate landscape, makes us come deep inside. Inside subtle forms who become distorted, like life, through an everyday diligent practice where the viewer is left with just a clue to the edges of its own existence and self-conscience.
Fuku-Shiva
The term “Fuku” refers to fortune or good luck. “Shiva” refers to the Hindu deity who represents strongly polar qualities, both severe and delicate. On a beach inspired by adventures on Phi Phi island in Thailand, three youths cavort. Two are representational figures and the third is psychologically rendered. A dynamic relationship ensues between the triad; a reciprocity of active and passive states. The boy on the right engages in maneuvers of evasion, defense, and is dressed in a speedo which reiterates the colors and symbolism of the caution tape on the left and upper right frame of the composition. In concurrent reaction the psychedelic figure shoots out a rocket powered paper airplane. The nude boy seated in the froth and sand approaches in passive repose, and is met with active attention but equal physical reserve by the psychedelic being. Perhaps the most naked figure is also the least representational. Looming large, dynamic, and active, it engages its companions playfully. Various symbols interject into the otherwise naturalistic scene, most notably a beach ball and two contaminated barrels nested in the sand. The upright barrel reads “FukuShima” in Kanji. The barrel laying down reads “Dharma”. To the left the scene is bounded by caution tape, reiterating the danger of the nuclear waste while also hosting alien archetypes, whose presence, as is the nature of these entities, runs up and just behind the consciousness of the psychedelic figure’s eggshell-like skull.
PASSION FOR LIFE - 7/19 Limited Edition
PASSION FOR LIFE - 7/19 Limited Edition - Please enable the sound - This NFT was inspired by some of the attributes of a woman. She is so beautiful, elegant, and delicate, but at the same time powerful and full of passion. She merges with the universe and creates life in many ways, represented in this artwork by the dispersion of her body. I first sculpted this piece by hand, then digitalized it and gave it life and movement. Limited Edition 7/19 IG @ArtistLeonardo
DΞSTINATION HΞXAGONIA BY DON DIABLO
Welcome to DΞSTINATION HΞXAGONIA. This NFT comes with a full length audio visual experience of one hour which we have carefully created over the course of the last twelve months. You will receive a unique hand-crafted box, which includes a harddrive that contains the only copy of the high-quality file of the film, making it a truly unique art piece. Welcome to the FUTURΞ.
Domestic - 2017
“Domestic is the manifestation of the cultural patriarchy in my home. The wooden "woman's" tragedy of false desire. It was done in a moment of breakup. The hollow 3d body & its lost eyes, invites you to fill up. Trying to reach out, encumbered and wrapped in its own fragility, the new mother rises."