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The Kidnapping of Ape #8398
Jul 26, 2024
Explore the mystery behind a stolen digital ape image during the NFT craze and uncover the involvement of celebrities in the NFT market. Discover the evolution of NFTs in the art world, including Quentin Tarantino's NFT collection based on Pulp Fiction. Follow the drama of stolen NFTs, celebrity endorsements, and the hunt for Darkwing84's true identity. Learn about the decline in the crypto market and the integration of NFTs into art.
41:09
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Quick takeaways
- Celebrities ventured into NFTs for IP ownership, sparking a creative trend.
- Investigative blockchain sleuthing revealed the identity behind the stolen NFT, adding a twist.
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The Rise of NFTs and Celebrities' Fascination
NFTs, or non-fungible tokens, gained significant popularity, with Ethereum users forming large NFT collections, trading unique digital assets like crypto punks and crypto kitties. By late 2020, the high-end art world embraced NFTs, leading to exorbitant prices for digital artworks. Notably, a piece that originally sold for $4 later fetched $1.5 million, marking the NFT frenzy's peak.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode