Madonna, Beanie, Rug Radio and CryptoSkulls: 5 NFT events trending on Twitter

There is nary denying that popular civilization has entered the NFT abstraction successful afloat force. The World of Women postulation created by Yam Karkai has followed successful the footsteps of Bored Ape Yacht Club (BAYC) by signing with a big-time Hollywood agent, and Madonna was propositioned to bargain a bluish spot NFT and she mightiness beryllium giving the connection superior consideration.

Many caller entrants are influenced by personage endorsements, yet the assemblage proclaimed “OGs” are bullish connected “historical NFTs” and are allegedly not swayed by hype. However, erstwhile entrepreneur Gary “Vee” Vaynerchuk purchased “CrytptoSkulls,” a resurfaced 2019 “historical NFT” for 100 ETH, the marketplace for pixelated skulls surged.

One of the 1/10 @Crypto_Skulls Skull Lords conscionable sold to @garyvee for 100 ETH pic.twitter.com/PC2TXsFeVo

— medved (@mattmedved) January 15, 2022

The existent emergence successful attraction astir humanities NFTs, begs the question: Is the humanities relevance of the NFT/artifact wherever it derives its worth or, is it conscionable the hype astir the narrative? 

Some projects and entities marque history, others spell down with it.

The hype astir past lures investors

On January 10, 2022, CryptoSkulls re-surfaced into the ether and rapidly became applicable arsenic respective investors and influencers ran to the postulation to instrumentality portion successful holding a portion of history.

Self-proclaimed NFT archeologists Adam McBride and Leonidas.eth are known for their extended cognition and advocacy of "historical" NFTs. These peculiar collectors are not keen connected the conception of short-term flips, but alternatively spot the semipermanent worth successful holding a humanities NFT.

CryptoSkulls had been astatine the apical of OpenSea successful full measurement for the past week but has mislaid its spot wrong the apical 5 connected the ranking charts. Nonetheless, the task closed retired a full measurement of $41.79 cardinal connected OpenSea alone.

All-time avg. terms and volume. Source: OpenSea CryptoSkulls.

Leonidas.eth sold the “historical blue-chip”, CryptoPunks, for CryptoSkulls, leaving different collectors wondering if this was immoderate alpha they should get successful on. According to CryptoSlam.io, the CryptoSkulls advocator has generated astir 137 Ether ($444,500) from sales. 

— Leonidas.eth (@LeonidasNFT) January 15, 2022

Gary Vee, notably stole the amusement stating the value of semipermanent plays with humanities NFTs, suggesting they could beryllium “the adjacent CryptoPunks.”

The niche radical of artifact-like NFT collectors warned against “hype,” yet determination seems to beryllium an influx of investors into the recently trending “historical NFTs,” particularly aft notable influencers reiterated their importance.

The question is, volition humanities NFTs past done the trial of time? Or volition they lone periodically person their clip successful the spotlight for influencers to profit?

The World of Women effect

There seems to beryllium increasing popularity successful showcasing female-led projects, particularly aft the World of Women (WoW) postulation signed with Guy Oseary, the manager of Madonna and BAYC. 

— World of Women (@worldofwomennft) January 12, 2022

WoW entered the mainstream with renewed IP rights and captured the attraction and enactment of celebrities similar Reese Witherspoon, Eva Longoria, Gary Vee and Shonda Rimes. 

Investors look to beryllium drawn by the personage line-up and WoW’s mission, arsenic its largest income occurred wrong days of each other. Notable income were a 210 Ether and 260 Ether transaction.

Currently the NFT level fluctuates betwixt 8.6 Ether to 16.8 Ether and WoW has steadily cemented itself arsenic a “blue chip” contender for NFT collectors.

Last 7-day avg. terms and volume. Source: OpenSea World of Women.

World of Women has opened up abstraction for different female-led projects specified arsenic Boss Beauties, Fame Lady Squad and Women Rise to stock its spotlight and set successful support. Each mentioned postulation has seen a emergence successful some its unsocial holders and price. The mean fig of holders among these projects whose collections scope from 8,888 to 10,000 pfps, is 4,800. 

As much owners and co-owners of these women-led projects publically enactment the successes of each other, immoderate skeptics judge it's simply a inclination successful time. However, with each passing milestone, these pistillate projects look to cement their spot for being much than conscionable “alpha” that volition beryllium to beryllium a profitable semipermanent investment.

Rug Radio aims to pave the mode for media successful Web3

Social media connoisseur and Rug Radio laminitis “Farokh” aims to physique the archetypal afloat decentralized Web3 media company. In launching an NFT collection, Rug Radio whitelisted its members for a rank walk that granted them pre-sale entree to the token bearing, RugNFT. 

#RUGFOLLOWRUG https://t.co/2VN6VrzFAo

— Rug Radioᵍᵐ (@RugRadio) January 23, 2022

Rug Radio states it's the “first afloat decentralized Web3 media company,” however, BanklessDAO was announced May 4, 2021, and it functions arsenic a “media and civilization DAO for crypto.” Integrating “guilds” that correspond antithetic areas for individuals to contribute, BanklessDAO has established a operation to decently reward contributors. 

There’s a deficiency of clarity connected the logistics of however Rug Radio volition operate, but it has captured the liking of holders successful each crowd's favourite collections, including Doodles, CoolCats, DeadFellaz, CyberKongz, and yes, CryptoDickButts.

Pulling successful collectors and investors from assorted projects suggests that RugRadio not lone has beardown enactment but could besides person galore imaginable perks up its sleeve.

Could the “Queen of Pop” beryllium the adjacent to travel “a bored?”

What bash Gary Vee, Guy Oseary and Madonna person successful common? A shared involvement successful the Bored Ape Yacht Club. Recently, Bored Ape subordinate Lindsey Byrnes casually tweeted astatine Madonna regarding her Bored Ape that is precise reminiscent of the Pop icon’s “Justify my love” medium cover. 

Exactly 2 weeks aft the tweet was sent, Madonna complimented Byrnes's sensation and near the shot successful her tribunal saying “’...Ape good chosen. Now what?” suggesting a imaginable sale.

@LindseyByrnes I’m gladsome you saved it for me.
Ape good chosen. Now what?

— Madonna (@Madonna) January 17, 2022

Despite falling from the apical spot respective times this week connected OpenSea, BAYC's regular mean merchantability terms has a 7-day mean terms being 94.5 Ether closing retired implicit 11.8 Ether successful measurement astir $28,626.68 astatine the existent worth of Ether. 

Last 7-day avg. terms and volume. Source: OpenSea Bored Ape Yacht Club.

It seems propositioning the Queen of Pop and her written information was capable to thrust the postulation up by 8.7% wrong the 24 hours of her sending retired the tweet. Imagine the power of Madonna rocking an ape, oregon could it perchance beryllium a apical signal?

Beanie was revealed and past canceled 

It would not beryllium crypto Twitter without a spot of controversy. Last week, Twitter relationship NFT Ethics (@NFTethcs) brought distant a lengthy dossier that sparked consciousness of the expected unscrupulous concern practices of a fashionable Web3 investor and NFT trader known arsenic Beanie. Infamously, known for his contentious attitude, Beanie notably has ruffled a fewer feathers and seemingly scammed others. 

1/ In this thread we volition disclose the individuality of 1 of the (currently) astir (in)famous NFT influencers. But earlier we bash that, we archetypal explicate our (philosophical) justifications and supply immoderate important disclaimers.

— NFT Ethics (@NFTethics) January 17, 2022

Given the quality of the blockchain and maintaining existent to the tone of Web3, NFT Ethics dug done Beanie’s past and the projects helium has allegedly invested in. Specifically looking into Monkey Bet DAO by “invariant Labs,” Beanie’s affiliation and concern behaviour went from questionable to heightened suspicion arsenic to whether this was the truth. 

Without missing a beat, DAO members noticed Royal Technologies Gaming (RGT) successful assorted Monkey Bet DAO sites leaving members confused since they believed they were moving for Invariant Labs.

Raising captious questions and concerns regarding Beanie's relation with RGT, yet led to him swinging an robust hammer of “Fudder bans”— a maneuver utilized to manipulate the accusation shared, and according to him, sphere the “vibe.”

16/ Many OG holders asking captious questions astir the task were banned from the Discord. And erstwhile Beanie was asked whether helium knew RGT, helium denied ever having heard of it (see screenshots). But, successful existent fact, it turns retired helium is the proprietor of RGT. pic.twitter.com/rjhvuK8fyC

— NFT Ethics (@NFTethics) January 17, 2022

Upon further inspection, Owlman, the idiosyncratic whose task Beanie decided to put a “small amount” in, was recovered to beryllium the wide manager of RGT, and not the developer Beanie had proclaimed them to be. 

Further damning details arose erstwhile an ENS domain revealed much shady activity, specifically that the code deployed a scam token called CBET. CBET has been associated with assorted scam projects including TokenPay.

43/ One of the largest and astir salient crypto scams helium has been progressive successful is the lawsuit of TokenPay (TPAY), whereby helium pretended again to beryllium an investor, but truly was suspected to beryllium acting arsenic the CEO down the screens. He wrote the WP foreword, see: https://t.co/Oe2utTitIz

— NFT Ethics (@NFTethics) January 17, 2022

As much accusation was revealed, a convoluted representation of deceit and perchance transgression acts was painted. Given Beanie’s infamous way grounds and history, immoderate investors are rejoicing connected what they intuitively suspected, portion others are showing remorse. 

Only clip volition archer what volition travel of these allegations, but the contention has shed immoderate airy connected however overmuch investors person to suffer erstwhile blindly listening to anonymous influencers. While not each volition usage their power to con others, past tin thatch america that this peculiar tiger mightiness not alteration its stripes.

The views and opinions expressed present are solely those of the writer and bash not needfully bespeak the views of Cointelegraph.com. Every concern and trading determination involves risk, you should behaviour your ain probe erstwhile making a decision.