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Highlights
- In Manhattan, NFT protestors were reported to have raised slogans like “God hates NFTs”
- NFT protests come amid losses in the cryptoverse, with Bitcoin hovering around US$20,000
- In a separate event, Udder Chaos has launched NFTs, with a promise to soon start an NFT review site
Non-fungible tokens (NFTs) continue to be launched unabated this year as well. Recently, NFT artist Beeple and singer-songwriter Madonna joined forces to raise funds for charity using NFTs. Tennis player Coco Gauff has also unveiled her NFTs on the Autograph platform.
Now, a new NFT project titled Udder Chaos has been introduced. This has come against the backdrop of a massive dip in the values of virtually all cryptos. Separately, protestors have reportedly voiced their concerns on the streets of Manhattan, brandishing banners proclaiming “God hates NFTs”. Ahead of discussing the newly launched Udder Chaos NFTs, let’s know what these NFT protests were about.
NFT protests
It was reported that some NFT protestors, supposedly angered by the lack of regulations, took to a SoHo street in Manhattan to voice their dissent.
The protestors carried banners with anti-crypto slogans like “God hates NFTs”, “Crypto is a Sin”, etc. It is being said that lack of any regulatory norms in the sector means that even hacked and stolen NFTs can trade in the market. This was believed to be the primary concern of protestors, which again highlights the issue of copyright in the NFT space. Notably, an NFT only represents ownership of unique items, often an artwork.
Also read: What are Habbo NFTs and why are Habbo Avatars trending?
Udder Chaos NFTs
Amid all this brouhaha around cryptos and NFTs, a new NFT, Udder Chaos, has been released.
The project is a collection of 6,666 assets. Udder Chaos NFTs are minted on the blockchain network of Solana. Interestingly, Solana has its native token SOL, which can also be used to purchase any asset of Udder Chaos. The project is listed on OpenSea, which displayed the floor price of Udder Chaos NFTs as 3.95 SOL, as of writing.
The Udder Chaos project is also touting its review site, where users can review NFTs. It is being likened to review websites like Rotten Tomatoes. Rewards will accrue to those who participate in reviews.
Costliest NFTs
Though the NFT and crypto world is not passing through its best phase, some previous works of artists like Pak and Beeple have sold NFTs for millions of dollars. CryptoPunk NFTs and that of BAYC are the other two popular participants in the space.
Also read: LimeWire set to roll out NFTs and LMWR crypto: What you should know
Bottom line
NFT protests were carried out in Manhattan, supposedly to oppose the lack of regulations in this space. The crypto world is subdued at the moment, with Bitcoin down to US$20,000 after having skyrocketed to nearly US$70,000 almost seven months back. Udder Chaos NFTs have been launched and the project claims it will start an NFT review website soon.
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