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Bitwise’s latest Ethereum ad can be minted as an NFT

Proceeds from the NFT mints are being paid to Protocol Guild, a collective funding mechanism created by Ethereum core contributors and the ad’s two actors.

Digital asset manager Bitwise released its first spot Ether (ETH) exchange-traded fund commercial on Thursday, allowing non-fungible token (NFT) enthusiasts to mint the 39-second clip on Ethereum.

“Capture a piece of crypto history: the 1st national TV spot minted as an NFT,” Bitwise claimed in a June 20 X post.

Bitwise themed the ad on Ethereum, operating 24/7 while “big finance” sleeps, seemingly taking inspiration from an Apple ad comparing Mac computer devices to PCs in the early 2000s.

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From walls to wallets: Barcelona graffiti artists share their love for Bitcoin

Nine months after launching, the Street Cy₿er artist collective has over 100 street artists, musicians and Bitcoin enthusiasts involved.

From skate parks and construction sites to train stations and bus stops, a pair of Bitcoin-loving graffiti artists from Barcelona, Spain have been working tirelessly to spread the good word about Bitcoin.

Street Cy₿er, a collective of artists and enthusiasts, has been creating Bitcoin (BTC) street art all over Europe since its formation in January 2023 to raise awareness about the cryptocurrency.

One of Street Cy₿er’s co-founders, “Street,” told Cointelegraph that the crew is made up of over 100 educators, enthusiasts, artists, musicians, activists and journalists. Their efforts can be seen across Barcelona, London, Berlin, Madrid, Prague, Riga (Latvia) and Tallin (Estonia). 

Bitcoin graffiti on Street CY₿ER’s website. Source: Street CY₿ER.

Much of their artwork, which they share on social media, aims to deliver powerful statements about the traditional financial system’s purported failures and where Bitcoin can step in. Other pieces of art simply look to raise awareness about cryptocurrency. Street told Cointelegraph:

“Street art is also a way to bypass the traditional media, which is often controlled by powerful interests.”

He said Street Cy₿er’s motivation behind the Bitcoin street art is plain and simple: to push for a fairer world.

“The symbiosis between street art and Bitcoin is a powerful one. By working together, these two movements help to create a more just and equitable world.”

The Street Cy₿er website’s gallery currently shows more than 70 images of their artwork, all of which feature the Bitcoin logo or mention its name. 

“Buy Bitcoin, defund the state”

Bitcoin graffiti by Street Cy₿er. Source: Street Cy₿er

Speaking to specific pieces of their work, Street said the premise behind “Buy Bitcoin Defund The State” was to get people thinking about how Bitcoin can help create a freer society by reducing the role of the state in people’s lives.

“Bitcoin is a peaceful way to protest against the state and its policies. It is a way to opt out of the traditional financial system [and] escape the tyranny of the state.”

Street said Bitcoin is being used to build a “new society” that flourishes off of individual freedom and voluntary cooperation — a philosophy pushed by many cryptocurrency-anarchists around the world.

“Make war unaffordable”

“Make War Unaffordable” poster. Source: Street Cy₿er

Street says Bitcoin’s scarcity will make it difficult for governments to wage wars because they cannot print more BTC to finance them.

“This will make it more difficult for governments to maintain large militaries and will make war less affordable,” he said.

If wars were hypothetically funded with Bitcoin, the cryptocurrency’s transparency would make it tough for state actors to hide war spending, believes Street, and such attacks would be more likely to be picked up by opposing states.

Graffiti artist at work. Source: Street Cy₿er

Additionally, Street said the “Bitcoin Makes War Unaffordable” message ties back to promoting peace and freedom around the world.

“Print books, not money”

“Print Books Not Money” poster at a bus interchange in Barcelona. Source: Street Cy₿er

Street believes that if states used Bitcoin to fund education as opposed to printing money, free education worldwide could become a possibility.

Due to Bitcoin’s scarcity, governments would think twice about where they allocate it, said Street:

“Bitcoin is a scarce resource, so governments would have to be careful about how they spend it. This would make governments more accountable to their citizens and would help to ensure that education is a top priority.”

Not all of Street Cy₿er’s Bitcoin street art is politically motivated — the crew is also appealing to cartoon lovers by showcasing Bitcoin’s symbol with the likes of Mario and Ronald McDonald.

Bitcoin graffiti by Street Cy₿er. Source: Street Cy₿er

The Street Cy₿er team recently created a “Bitcoin: The Art of Revolution” project based in Barcelona, Spain, which will host several exhibitions, workshops and classes for those wanting to learn more about Bitcoin.

Bitcoin logo around the world

Bitcoin proponents have also been using other innovative ways to spread the word about the cryptocurrency.

In March, a Bitcoin logo captioned “Study Bitcoin” was projected on the European Central Bank in Frankfurt, Germany and on the central banks of other countries such as the Czech Republic and Switzerland.

The projection occurred at a time when the global banking sector was under the spotlight following the collapse of Silicon Valley Bank and Signature Bank in the United States.

Related: Bitcoin has entered a civil war — Over ‘art’

Another Bitcoin logo was shined on Berliner Fernsehturm tower, Germany’s tallest building, a few months earlier in January. The German Bitcoiner behind the idea said they wanted to call attention to the cryptocurrency.

A spartan with Bitcoin-logoed eyes, captioned “HODL (Hold On for Dear Life),” was spotted by pedestrians in Hong Kong in 2020.

The art even received admiration from Tyler Winklevoss, CEO of cryptocurrency exchange Gemini.

Some advocates have gone with simpler means to spread awareness. “Stuff4btc” has been spreading the message by putting stickers on chairs, tables and light poles in the public.

Magazine: Recursive inscriptions — Bitcoin ‘supercomputer’ and BTC DeFi coming soon

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Latvian Artist Threatened With Prison for Money Laundering Through NFTs

Latvian Artist Threatened With Prison for Money Laundering Through NFTsAn artist from Latvia is under investigation for allegedly selling NFTs, or non-fungible tokens, to launder money, for which he may get up to 12 years in prison. The authorities have blocked his bank accounts and launched an investigation without even notifying him. Artist Who Sold Over 3,500 NFTs Prosecuted for Money Laundering in Latvia […]

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‘Making a Stronger Impact Artistically’ — An In-Depth Discussion About NFTs With System of a Down’s Serj Tankian

‘Making a Stronger Impact Artistically’ — An In-Depth Discussion About NFTs With System of a Down’s Serj TankianLast month, the lead vocalist of System of a Down, Serj Tankian, hosted an art exhibition with the non-fungible token (NFT) platform and marketplace Curio NFT. The physical and virtual-melded art show was called “Not for Touching” and this week Tankian told Bitcoin.com News that he believes NFT technology has opened new doors for his […]

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Makersplace Plans to Drop World’s First 2pac NFT Collection Authorized by the Shakur Estate

Makersplace Plans to Drop World’s First 2pac NFT Collection Authorized by the Shakur EstateOn December 15, the non-fungible token (NFT) market platform Makersplace will drop an assortment of NFTs based on Tupac Shakur’s most well-known jewelry pieces. Makersplace and the NFT artists and curators Impossible Brief and Digital Arts & Sciences worked closely with Shakur’s estate in order to drop the NFT collectibles called “The Immortal Collection.” Tupac’s […]

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Beeple’s Latest NFT ‘Human One’ Sells for $29M, Artist Plans to ‘Enhance the Displayed Artwork’ During His Lifetime

Beeple’s Latest NFT ‘Human One’ Sells for M, Artist Plans to ‘Enhance the Displayed Artwork’ During His LifetimeThis year the American artist Michael Winkelmann, otherwise known as Beeple, made history when he sold his non-fungible token (NFT) artwork “Everydays” for $69.3 million on March 11. Beeple’s latest NFT called “Human One” is a life-sized NFT sculpture that sold for $29 million, and the artist will update the NFT during the course of […]

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Political Cartoonist Accuses NFT Platforms Opensea, Rarible of Being ‘Tools for Political Censorship’

Political Cartoonist Accuses NFT Platforms Opensea, Rarible of Being ‘Tools for Political Censorship’While non-fungibe token (NFT) collectibles have been very popular, NFTs have brought a slew of unique debates to the table and one of them has been censorship. The artist behind Stonetoss Comics, a series of political cartoons, has been censored by two very prominent NFT marketplaces — Opensea and Rarible. Stonetoss has told the public […]

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Buyers shell out $7M for unseen NFT collection

Participants piled $7 million into a dutch auction to win one of 50 Golden Tokens granting ownership to unminted NFTs from artist Tyler Hobbs.

Nonfungible token (NFT) investors have poured $7 million into a dutch auction that sold 50 tokens conferring ownership over digital artworks that will not be minted until December.

Tyler Hobbs, the artist behind the popular NFT series Fidenza, will launch 100 one-a-kind digital artworks in his latest collection Incomplete Control at the New York City-based Bright Moments gallery from Dec. 9 to Dec. 13.

On Oct. 22, Hobbs’ fans contributed 1,800 ETH (worth more than $7 million) in exchange for 50 of 100 “Golden Tokens” that grant its holder ownership rights to one of the artworks slated to be minted during the event. Each of the tokens features a number between one and 50 that corresponds to a specific artwork from the collection.

The Golden Tokens were sold via a dutch auction hosted by Mirror Protocol that lasted just 90 minutes. The tokens were initially priced at 500 ETH each, with the price scheduled to decline by non-linear intervals every 5 minutes until reaching a floor of 5 ETH. All 50 tokens were sold at prices of between 30 Ether (roughly $120,000) and 80 Ether ($320,000) each.

Nonfungible token (NFT) investors have piled $7 million into a dutch auction that sold 50 tokens allowing buyers to mint digital artworks they have not seen.

The remaining Golden Tokens will be randomly distributed to 50 of the wallets that currently hold artworks from Hobbs’ previous series Fidenza or the CryptoCitizens NFT project on Nov. 5. Individuals who receive the tokens will be entitled to purchase an Incomplete Control NFT at for 15 ETH a 50% discount compared to the auction’s final clearing price.

Hobbs describes his Incomplete Control series as exploring themes of imperfection, and how the digital sphere is able to transcend many of the imperfections present in the physical world. Hobbs’ website states:

“The forces of chaos and entropy give the natural world a certain warmth, and there are patterns and lessons there that we can use. I like to introduce these elements into the digital world, and Incomplete Control continues that work.”

Related: 17% of addresses snapped up 80% of all Ethereum NFTs since April

Hobbs’ previous NFT series Fidenza comprises a curated drop of 999 NFTs that comprise unique generative artworks created using the purchaser’s transaction hash as a data input. The collection was sold for more than 37,000 ETH (roughly $400,000) and is being showcased on the generative NFT platform, Art Blocks.

During September, Solana-based NFT project SolBlocks came under fire from Hobbs for using Fidenza’s open-sourced code to generate images for commercial purposes without Hobbs authorization. Hobbs has since rejected SolBlocks’ offer to share profits from their sales with him.

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Golden State Warriors Point Guard Stephen Curry Asks for Advice About Cryptocurrencies

Golden State Warriors Point Guard Stephen Curry Asks for Advice About CryptocurrenciesThe popular Golden State Warriors point guard, Stephen Curry, asked his 15.5 million followers for some “advice” about crypto. Curry said he was “just getting started” and a great number of people shared advice with the professional basketball player. Stephen Curry Gets ‘Advice’ From Crypto Twitter Well known athletes, celebrities, and musicians worldwide have been […]

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UN chooses NFT marketplace host in efforts to fight climate change

The United Nations has previously said it was exploring the uses of blockchain technology in the fight against climate change and to help reach a more sustainable global economy.

The United Nations has selected blockchain platform Unique Network to run a nonfungible token (NFT) initiative in the effort to inspire others to take action against climate change.

According to a Tuesday announcement, Unique will be the lead technology partner for a program from the UN’s Human Settlement Programme and International Association for the Advancement of Innovative Approaches to Global Challenges, which will mint young artists’ work as NFTs. The program, called Digital Art for Climate Action Empowerment, or DigitalArt4Climate, encourages creators to showcase artwork inspiring people to work toward finding better solutions for the environment.

“The United Nations has recognized NFT technology as a unique new medium for creative expression that can help amplify messages about climate action,” said the group. “The U.N. wants to bring this innovative art form to the next generation of creators who stand to benefit from a technology that can help them amplify and monetize their work.”

A parachain project in the Kusama and Polkadot ecosystem, Unique will create and host an NFT marketplace for the initiative. According to the UN programs, developers competed in a virtual hackathon last month to create the digital art gallery and marketplace showcasing the DigitalArt4Climate artwork. The project will open for contributions starting on Aug. 12.

Related: UN sees blockchain technology as tool to fight climate crisis

The United Nations has previously said it was exploring the uses of blockchain technology in the fight against climate change and to help reach a more sustainable global economy. Though the group has seemingly never been directly involved in encouraging the development of NFTs, at least one member of the UN Global Compact has. Earlier this month, NFT and blockchain gaming platform Enjin said it would be exploring ways to use NFTs to promote sustainability and equality.

Companies’ positions on the environment are seemingly becoming more of a concern for investors and users as the effects of climate change seem to be escalating. The UN listed 17 goals on sustainable development it hopes to have achieved by 2030, including reducing inequality, providing quality education, and encouraging responsible consumption and production.

Analyst Says Bitcoin Wind-Up Is Going To Shock Many People, Predicts BTC Rally That Pushes Price Hard