Search Engine The Kidnapping of Ape #8398
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Jul 26, 2024 Dive into the chaotic world of NFTs with the baffling case of a stolen digital ape. Discover how an artist unveiled a game-changer at a tech conference, merging blockchain with art in wild ways. Explore the star-studded frenzy of Hollywood's NFT engagement, where celebrity endorsements raise eyebrows. Humor meets intrigue as internet sleuths chase down thieves in Singapore. The podcast wraps up with a sobering look at the crypto market's decline and fading celebrity interest, leaving listeners pondering the future of digital ownership.
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The First NFT
- In 2014, Kevin McCoy sold a psychedelic teeth GIF for $4 at a tech conference.
- This marked the birth of NFTs, leveraging blockchain for digital art ownership.
NFTs Go Mainstream
- NFTs transitioned from niche crypto art to mainstream high-end art.
- This shift fueled a speculative frenzy, driving prices to exorbitant levels.
Hollywood's Initial NFT Perception
- Initially, Dick Doyle, a Hollywood manager, saw NFTs as similar to traditional art but with a faster, more intense market.
- He observed a gold-rush mentality driving the rapid sale of NFTs.