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.

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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
Nyan Cat
Nyan Cat is the name of an animation uploaded on April 2 2011, and became a viral internet sensation. The design of Nyan Cat was inspired by my cat Marty, who crossed the Rainbow Bridge but lives on in spirit. I am the original artist behind the iconic GIF and have remastered the image for its 10 year anniversary. Owning this piece grants the following stats: Charisma +10 Luck +10 Happiness +15 ________________ 1400x1400 - 12 Frames
#74635
By OthersideDeployer
The Scion
A young figure caught in a moment of distraction, aware only ephemerally of his unconscious being, as it engages in psychological and psychedelic layer spaces. His right arm casually cradles a moray eel; the figure is comfortable but not truly aware of the potentials for danger in such negligence. His shirt reads “Bello” in Pokemon style font, harkening back to a childhood straddling the millennial threshold. To his right side, out of the unconscious deep, shrouded alien heads propagate as a fractal totem, each new iteration a more sophisticated rendering of emotional masking over the cold mystery of the greys. As the scion of the Budgie-Sattva, the young man, in his distraction, is also simultaneously aware of higher levels of self discovery. To his left a psychological topology sets beneath the oracle side of an 8 ball ,hovering; its message a purest concept of acceptance. The “Scion” lettering is in 80’s HeMan style bold declaration. The lower right side of the painting is like a hybrid of melon, feathers, and seeds. The crystals in the background bring light; conducted, refracted, reflected, and dispersed, to balance the dark shadow of the figure’s physical body. The aura of the scion succeeds in layers to point, with a finger, and the crown chakra, toward a center of a mandala existing as nigh pure application of strokes, in essence painterly abstraction, but also revealing hints of the Aura of migraine, and the bi-hemispherical nature of the brain–noting concerns of the possibility of inherited mental disease. Yet the flourish of chakra as it sets against that center is robust, active, coherent, and reveling against all fear. Fundamentally, the piece speaks to the activation of one’s potential to begin to “Know Thyself”, and find greater awareness out of the enigmas of the mind–as an inculcated seed given to the rich soil of one’s own birthright.
Portrait of the Artist in Digital Decay
Self Portrait taken in the East Village, January 2019. Stereoscopic Effect created with Facebook 3D photo, "painted" with neural imaging, then digitally pixelsorted. Single Edition Hi Res GIF Token by Sarah Zucker.
Aman Kendi
This 3D fractal artwork uses traditional Terengganu batik motifs as the texture. Each motif is carefully designed and arranged to make a well balanced final piece. This batik pattern was debuted as a fabric art installation projection mapping at the main stage of Aman Festival, Perhentian Island during Malaysia Day on 16th September 2022. The title, "Aman Kendi" translates to "Pitcher Peace".