On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
The announcement ArtStation was launching NFT artworks did not sit well with the platform’s artists, who called for a boycott and threatened to leave the platform.
Prominent online art portfolio platform ArtStation has caved in to pressure from artists and environmentally-conscious users hours after announcing a series of non-fungible token, or NFT, drops from several notable artists.
On Mar. 9, the platform announced the program was scheduled to begin today and featured works from artists including Halo Infinite art director Nicolas “Sparth” Bouvier, retired NASA astronaut Nicole Stott, Assassin’s Creed franchise art director Raphael Lacoste, painter Craig Mullins, and Magic: The Gathering illustrator Alena Aenami.
Following a furious bombardment of criticism, all mentions of the announcement were pulled down and replaced with a short message on the website stating that “In light of the critical reception on social media regarding NFTs, it’s clear that now is not the right time for NFTs on ArtStation.” Despite the setback, the firm didn’t shy entirely away from the technology, hinting at its potential future use:
“We are very sorry for all the negative emotions this has caused. Despite our attempts to validate our approach, we clearly made a mistake and admit fault. It was our bad. We feel that NFTs are a transformative technology that can make significant, positive change for digital artists.”
Dapper Labs founder and CEO Roham Gharegozlou stated the decision to cave in was “short-sighted” adding that “for one, blocks will get mined anyway — for the other, the criticism basically doesn’t apply to proof of stake blockchains like Flow Blockchain [used by NBA Top Shot].”
Woo hoo, we bullied ArtStation into not selling NFTs! https://t.co/rZb3LnVUC0
— Michael Klamerus (@MichaelKlamerus) March 9, 2021
ArtStation’s original plan appeared to use the ERC-721 token on Ethereum which remains a power hungry Proof of Work blockchain until most transactions move to the more efficient Proof of Stake blockchain Eth2. It is unclear if the platform considered other blockchains that can host NFTs using a fraction of the power.
This apology only appeased some of the community, however, with artists like Ashley Grace taking to Twitter again to voice their concerns about the apparent inconclusive wording of the post, likening NFTs to an “ecological nightmare pyramid scheme.”
glad to see the backpedaling (lmao), but the "now is not the right time" obviously means you still want to do it, just not right now while everyone is freshly pissed off. just don't? do it at all??? no one wants to be tokens in a goddamn ecological nightmare pyramid scheme https://t.co/MAYIPPDntP
— Ashley Grace / previously a.g.irish (@willowsquest) March 9, 2021
Prior to pulling down the initial announcement, ArtStation unsuccessful attempted to placate the push-back, adding that it will be “contributing to offset the carbon footprint costs of any given piece of digital art transacted on the platform.”
Twitter user “Bleached Rainbows” stated that “ArtStation going into NFT and saying ‘but don’t worry! We’ll pay for carbon offsets’ is the equivalent of setting a house on fire then placing a single potted plant on the burned property as ‘compensation’.”
The backlash came on top of other controversies including rumored sexism and adult content, with artists threatening to cancel their subscriptions. Other issues included the unregulated nature of the NFT space and ability for scams to arise, and criticisms the move was a cash grab for the platform and most prominent artists.
If the completely unmonitored front page, the rampant sexist bullshit, and the literal porn on what's supposed to be a professional portfolio website wasn't enough, now we have this
— Xavier (@xavierck3d) March 8, 2021
I'm canceling my sub, and Artstation can eat it pic.twitter.com/IZVTeHEqtn
Despite the intense controversy, NFTs continue to garner widespread support with Beeple’s Everydays: The First 5000 Days auction on Christie’s heating up. Kinetic founder Jehan Chu attempted to join but was outbid at $7.25 million with 2 days still to go.
Just got outbid on my maxbid... with 2 days left, seems early for people to be flexing so hard! Christmas coming early for @beeple and @ChristiesInc pic.twitter.com/uuJk5RuHoJ
— Jehan Chu (@collectionist) March 9, 2021
The highest bid is currently $9.75 million.
Nine hours after ArtStation canceled the NFT launch, NFL tight end for the Tampa Bay Buccaneers Rob Gronkowski announced his new NFT collection of four cards to represent his four championships. The cards will be sold at auction via Opensea on Mar. 10.
https://ift.tt/2POjnzM
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