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From SNL and The Tonight Show to Sotheby’s:  NFT Creator Bryan Brinkman

Bryan Brinkman (of SNL and The Tonight Show) reveals that the secret to being a successful NFT creator involves spending just one-third of the time on art.

From working on Saturday Night Live and The Tonight Show as an animator to now having more than 1,000 collectors of his NFTs, Bryan Brinkman is an example of how a digital artist can thrive in ways never before possible. 

Best described as a digital pop artist with an emphasis on animation, Brinkmans fans include high-profile NFT collectors such as Pranksy, J1mmy.eth and WhaleShark. He has also been featured at Christies and had fractionalized art of his put up for auction at Sothebys.

Scroll by Bryan Brinkman. (SuperRare)

Prior to NFTs, I spent 15 years working in various industries such as fashion, MTV shows and animated television series. Ive also worked a large chunk of my career on late-night TV shows like Saturday Night Live and The Tonight Show, which revolve a lot around humor, Brinkman says. 

When NFTs came along, animation finally became a medium that could be quantified and collected. It immediately clicked with me. There are lots of branches you can do as an animator, but this is the only one that allows you to truly be independent and in control.

In its simplest form, I describe myself as a digital pop artist, but I also think mixed media is a term I use as well. I like to mix 2D and 3D as well as play around with different mechanics and forms.

Brinkman also understands how to market his work and build community essential ingredients for an NFT artist today.  

I think about dividing your time into thirds. Spend one-third of it making art, and spend another third working on marketing your art, whether that be making cool teasers or videos talking about your art, or maybe writing Twitter threads about how you made it. That stuff is very important. Then the final third is spending time in the community, learning from other artists, talking to other artists, just connecting in general, Brinkman states.

I learned from many of the artists who came before me, whether it was Sarah Zucker, Coldie, Josie Bellini, Alotta Money, Hackatao, Matt Kane and a host of other OGs out there. 

Read also: The Sarah Show: Analog childhood meets dizzying digital future

Influences:

Brinkman draws inspiration from many styles and artists, but animation is at his core, and he studied it in college.

Don Hertzfeldt [American animator, writer and independent filmmaker, best known for animated films World of Tomorrow and Its Such a Beautiful Day] is a big one. He influenced me with a lot of his short films that are simply brilliant. Bill Plympton [American animator and cartoonist best known for his 1987 Academy Awards-nominated animated short Your Face] influenced me with his work ethic and how he was able to maintain an independent animation artist lifestyle for all these years. I think hes nearly 80 years old now, Brinkman states.

Brinkman also cites pop artist Keith Haring, an American graffiti-inspired pop artist, and NFT artist Killer Acid

I think Keith was able to ride the line between pop art and commercial art in a way that still kept his integrity. I also have to shout out Killer Acid, who inspired me to join the NFT space. He was a very early SuperRare artist.

Peace Sign Dude by Killer Acid, animated by Patrick Passaro
Peace Sign Dude by Killer Acid, animated by Patrick Passaro. (SuperRare)

In fact, Peace Sign Dude by Killer Acid is still his favorite NFT in his collection.

J1mmy.eth actually owned it, and he offered to give it to me as a gift, which was incredible. Its now my never-sell grail gift. Pretty cool story because its the artist I discovered NFTs via and its my collector who first supported my career, so its my most special NFT. 

Read also: Become a hot new NFT artist via the soft shill taco method Terrell Jones 

Notable sales to date:

Betty's Notebook
Bettys Notebook, a collaboration with Async Music. This worlds first programmable music NFT made $375,000 in sales. (Async Music)

Hot new NFT artists to watch 

Brinkman is a prolific NFT collector himself, with a reputation for spotlighting and elevating other artists: 

Alimo (@alimofun): Best known for curvy post-pop imagery, highly saturated colors, vibrant hand-drawn letters and worlds inhabited by figures arranged on flat tonal surfaces. 

I think Alimo does really beautiful landscapes that are very simplified and kind of pop art. The colors he uses are very soothing. Im a big fan of the stories he tells with surfing and snowboarding.

Ykha Amelz (@ykhaamelz): Indonesian artist who specializes in 2D. She combines her inner-child nostalgia and chaotic mind into a vibrant universe populated by a family of cartoon characters.  

With Ykha, I think the world shes building is extremely fun. Its sort of like a mixture of skater artwork, but then she has all these characters that go from scene to scene and tell a story. Visually, its eye candy. 

Jisu (@JisuArtist) Korean-American illustrator based in Los Angeles. 

With Jisu, her work has these harsh angles on faces, but there are lots of colors and almost like a glitchiness to it. Im a big fan. I think theyre really cool. All three of them are crushing it. I imagine theyre all going to be big names eventually. 

Read also: Breakdancing medics NFT auctioned at Sothebys Grant Yun, NFT creator

Process: 

Breezy by Bryan Brinkman
Breezy by Bryan Brinkman. (Nifty Gateway)

Brinkman takes the process of making art on the blockchain seriously, as theres a record of the work forever, he points out.

It usually starts with sketches. Sometimes this is done in physical form on a sketchbook, or sometimes its Procreate on an iPad, but it unusually starts with thumbnails which goes back to my background in animation, where you start with storyboards, says Brinkman. 

I usually think small initially and then decide if it is an idea or an opinion and how I convey that visually. Not everything has the same deeper meaning, but usually, theres that thought process I go through, and then I refine it. From there, the process of building kicks in, and Ill use some animation software as I start building the pieces and it starts to evolve into its own thing. Theres a lot of layers of refinement and tweaking required as well as getting the timing and motion to feel right. 

Once it becomes an animation, I then need to decide, is this going to be a video with audio or an animated GIF? Should it be tall, or wide, or square?

Finally, Ill give consideration to how I think its going to be displayed, because everythings on the blockchain forever. I think about building things for TV screens because thats going to be how people look at this stuff in the future. Its a lot of different steps along the way, but each of those steps can have a totally different detour that turns the work into something totally different. 

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The NFT space is missing?

For Brinkman, discoverability is the missing piece of the puzzle.

Its really hard to find artists. We need sites that allow you to see artists and new artists. We need to create algorithms that show you other artists that are in the style you might be searching for, he says.

Currently, its all word of mouth and based on influencers on Twitter, which is fine, but its still a very curated way of doing it, says Brinkman. 

I think, for better or worse, artists need liquidity on their secondary markets. To that degree, maybe some sort of universal artist bid mechanism where I will buy any piece by this artist for X amount of money. That way, theres always a low level of liquidity like youd see in places like Blur. 

Some artists might say thats a terrible thing. I dont know. But there is that problem right now. When you buy art, its hard to get out of it if you need to in a pinch. I think if there is that, that will attract more people that might see it as more of a liquid asset than a long-term investment. 

Bull Run by Bryan Brinkman
Bull Run by Bryan Brinkman. (Nifty Gateway)

Royalties debate

Since the explosion of Blur over the last four to five months, the royalty debate has been a hot topic. Incentives to use Blur to receive future airdrops have been a significant driver in OpenSeas market-share hit.

Blur does not recognize royalties, which was part of the value proposition for NFT artists in the early days when the narrative was that creator royalties would be paid in perpetuity via a smart contract. However, royalties are actually captured at the marketplace level, and many artists have been understandably outspoken about missing out.

I realized very early on that creator royalties were a social contract, not a smart contract, Brinkman says.

Read also: 4 out of 10 NFT sales are fake: Learn to spot the signs of wash trading

People would trade my SuperRare one-of-ones and not pay royalties. So early on, I knew not everybody was going to pay royalties. So, how do we look at this situation? I think some of it is an incentive question.

Brinkman says that if there are secondary hubs where everything is listed, there is discoverability and royalties are paid, then thats going to be the place where you go to buy art, and thats where artists send people. I believe 70% of people will just go there and buy it.

You pay a premium because they have everything in one place.

Then there are going to be these people that are going to go off and try to find the best deal. Maybe my 70/30 prediction is off, but I think theres always going to be the dynamic of ease of accessibility versus avoiding royalties.

Links: 

Linktree: linktr.ee/bryanbrinkman

Twitter: twitter.com/bryanbrinkman 

Website: bryanbrinkman.com 

MEXC Raises the Bar: Supercar Giveaway Boosted to 12,000,000 USDT

Bitcoin glory on Chinese TikTok, 30M mainland users, Justin Sun saga: Asia Express

Bitcoin’s day of glory on Chinese TikTok, 30M crypto fans still in China, Justin Sun’s subpoena after dream rendezvous with Web3 socialite.

Our weekly roundup of news from East Asia curates the industrys most important developments.

Bitcoin’s day of glory on Chinese TikTok

On Apr. 10, Douyin, the version of Tiktok exclusive to Chinese users, began publishing price quotes related to Bitcoin (BTC) and other cryptocurrencies such as Ethereum (ETH), Dogecoin (DOGE), and Ripple (XRP). The move sparked rampant speculation among the Chinese media and users alike related to a potential change of policy by the country’s central government on cryptocurrency regulation.

Unlike its Western counterpart, content on Douyin is heavily monitored and sometimes censored by Chinese authorities. Since Sept. 2022, Douyin has been cracking down on content relating to cryptocurrencies, NFTs, and Metaverse.

Hence, many individuals were genuinely surprised to see cryptocurrencies discoverable on the government-curated platform. For around 24-hours, any of Douyin’s estimated 730 million mainland Chinese users could freely view crypto price quotes on the app. However, dreams of a relaxation in the country’s strict crypto laws were crushed shortly thereafter. On Apr. 11, Bitcoin and cryptocurrencies price quotes were removed from Douyin, with a message stating:

“Based on relevant national regulations, unofficial digital currencies do not possess the same legal standing as fiat currencies. Please invest cautiously.”

Since 2021, China has banned all forms of crypto exchanges, crypto-fiat transactions brokered by financial institutions, and initial coin offerings. That said, the country stopped short of banning the ownership of cryptocurrencies altogether and the Chinese controlled territory of Hong Kong has unveiled plans to become a crypto hub.

Bitcoin on Douyin before and after the crackdown. (GamerSky)
Bitcoin on Douyin before and after the crackdown. (GamerSky)

Bruce Lee lives again via NFTs

On Apr. 12, the Bruce Lee Foundation announced it would partner with NFT video platform Shibuya to launch a collection of genesis NFTs featuring the late legendary martial arts actor, who died in 1973 at the age of 32 under mysterious circumstances. The House of Lee collection is one sale on Manifold from Apr. 12 to Apr. 14 and is minted on the Ethereum network, with digital image storage on Arweave.

The Bruce Lee Genesis NFT (Arweave)
The Bruce Lee Genesis NFT (Arweave)

There is no limit to the number of NFTs minted during the sale. At the time of publication, over 19,592 House of Lee digital collectibles have been minted with a current floor price of around 0.008 Ether. The Bruce Lee NFT was drawn by artists Maciej Kuciara and Emily Yang, with its design inspired by Shannon Lee, daughter of Bruce Lee and president of the Bruce Lee Estate. An Ethereum Name Service address has also been registered for the collection at bruceleeofficial.eth.

China’s 30M crypto users despite ban

According to a joint research report published on Apr. 10 by Foresight News, CoinNess, and BlockTempo, China still has around 30 million crypto users, representing around 2.12% of its population, compared to 12% for the U.S. and 11% for Taiwan. Researchers cited the Sept. 2021 People’s Bank of China ban on crypto-fiat transactions as “the nail in the coffin” for the industry in China.

China's crypto user count has dwindled but still thriving (Foresight Ventures)
China’s crypto user count has dwindled but still thriving (Foresight Ventures)

That said, the report also noted Hong Kong is becoming a rising hub of blockchain technology in Asia. In Feb. 2023, the Hong Kong Securities and Futures Commission (SFC) proposed a pathway for exchanges to obtain regulatory licenses through fulfilling the custody, know-your-customer, record-keeping, and risk management requirements. The policy is scheduled to come into effect on June 1, 2023.

Interestingly, Foresight wrote that despite tailwinds from a spending campaign during the 2022 Beijing Winter Olympics, only 13.61 billion of China’s digital yuan central bank digital currency (CBDC) were in circulation, representing just 0.13% of China’s M0 or outstanding monetary supply. “Trade settlement applications are still in development and are only accepted by very limited partners,” the firm noted.

Despite headwinds, three major venture capital firms, Hashkey Capital, Dragonfly, and Foresight Ventures, are still active in the mainland China region. Notable projects tracing their origins from China include Conflux, Alchemy Pay, Animoca Brands, and CertiK.

Hong Kong’s rising Web3 power

The Hong Kong Web 3.0 Festival gallery hall (Twitter)
The Hong Kong Web 3.0 Festival gallery hall (Twitter)

On Apr. 12, more than 10,000 crypto enthusiasts and 300 guest speakers gathered in Hong Kong for the special administrative region’s annual Web3 Festival. During its debut, Lee Ka-Chiu, chief executive of Hong Kong, pledged to allocate 700 million Hong Kong dollars ($89.17 million) from this year’s budget to accelerate the development of digital assets and Web3 technologies in the region. Chan Mo-Po, the financial secretary of Hong Kong, also commented:

“Web3 is in its infancy, and the current common applications include cryptocurrency, decentralized exchanges, digital identity verification, DeFi, blockchain games, and even NFT but it is conceivable that in the future there will be many more new applications and opportunities. From a historical point of view, the development of Web3 will grow rapidly again after going through the shock stage.”

For Justin Sun, founder of Tron and de facto owner of cryptocurrency exchange Huobi Global, the 2023 Hong Kong Web3 Festival appears to be the pinnacle of his blockchain career. First off, before his arrival, Sun claims to have successfully turned around Huobi’s operations after years of stagnation, posting an impressive profit of $30 million in Q1 2023.

Then, with an aura of awe, the blockchain personality dispelled rumors that he was arrested in Hong Kong on arrival. In 2019, Sun allegedly hired a smuggler to help him bypass mainland China’s border controls and escape the country. This has been linked to exit restrictions due to his involvement in the initial coin offering (ICO) of Tron, which took place days before China banned ICOs. Sun has been out of mainland China ever since. Interestingly, no extradition agreement exists between China and Hong Kong, after a bill for such measure was quashed by a pro-democracy student uprising in 2019. The protests, in turn, were quashed by China’s central government.

Thanks to the sacrifice of the students, Sun was able to land in Hong Kong safely and meet face-to-face with Nina, an iPollo community ambassador whom Sun wants to feature in a Huobi beauty pageant and “[personally] guarantee as a final contestant in the Top 20.” Unfortunately, not everyone appears to be dazzled by Sun’s attempt at flirtation. As Sun’s euphoria reached its peak whilst partying onboard a Binance yacht, the U.S. Securities and Exchange Commission issued a subpoena for Sun on Apr. 12, kindly reminding him of his obligation to appear in court on charges of fraud and securities law violations.

“If you fail to respond, judgment by default will be entered against you for the relief demanded in the complaint. You also must file your answer or motion with the court.”

The SEC complaint, filed on Mar. 26, alleges Sun and his companies, Tron and BitTorrent, “fraudulently” manipulated the secondary market for Tron tokens through “extensive wash trading,” conducting more than 600,000 such trades, and also paid numerous American celebrities to promote TRX and BitTorrent (BTT) tokens with zero disclosure.

Sun has since stated that the SEC complaint “lacks merit” and that the regulatory body is “still in its infancy and is in need of further development” with regards to digital assets. The lawsuit is ongoing. Around the same day of the subpoena, Binance.US announced that it would be delisting TRX from its platform.

Justin Sun blushes as he shares a stage with Nina on Apr. 11, oblivious to the looming legal threat that will materialize the day after.
Justin Sun blushes as he shares a stage with Nina on Apr. 11, oblivious to the looming legal threat that will materialize the day after. (Twitter)

MEXC Raises the Bar: Supercar Giveaway Boosted to 12,000,000 USDT

Pro-XRP lawyer John Deaton ‘10x more into BTC, 4x more into ETH’: Hall of Flame

He’s best known as the “pro-XRP lawyer,” but John Deaton was actually “10 times more into Bitcoin and four times more into Ethereum.”

From childhood dreams of becoming a rapper to serving in the United States Marines, to now being the pro-XRP lawyer on Crypto Twitter, John Deaton has had an eventful life.

While his dream of becoming a rapper didnt work out, John Deatons 260,000 Twitter following would make many up-and-coming rappers envious.

That was about 10 years before Eminem came out I didnt have that level of school, Deaton says of his music biz dreams.

He has become a legend among the XRP army over the past couple of years, fighting in their corner after the United States Securities and Exchange Commission sued Ripple, alleging it had issued unregistered securities.

Deaton has a strong belief that the innocent holders of XRP deserve a knight in shining armor standing up for them in the same way Ripple has a squad of lawyers fighting for the company. 

I was butting heads with the Ripple lawyers… with what they should be doing to protect individuals, but the Ripple lawyers are protecting Garlinghouse and other executives at Ripple.

Deaton put out a call on Twitter and gathered 76,000 signatures from XRP holders worldwide to let Deaton represent the XRP community in court.

They all joined on a form wanting to be heard in the lawsuit, essentially, saying, Yes, you can speak and advocate for me, he says. 

Seventy-six thousand people, 143 countries; from Afghanistan, Russia, Ukraine, Australia, Zimbabwe, and of the 76,000, 52% are from the United States.

What led to Twitter fame?

Deatons fame grew as he offered an informed legal take on what can often be opaque and confusing legal maneuvering in the court case. It certainly helps that hes usually pretty optimistic about Ripples chances of beating the charges. His follower count has shot up exponentially ever since he was granted permission by U.S. District Court Judge Analisa Torres to write a brief on behalf of XRP holders in March 2021, collecting anywhere between 3,000 to 20,000 each month since then.

Deatons feed about the case helped him break the 250,000-follower milestone on Twitter and its clear from the coverage that he generates hes followed by many crypto journalists, too.

What to expect on his Twitter

A lot of my content is about the war on crypto, Deaton says, while also sprinkling his spicy thoughts on government regulation and throwing shade at the SEC from time to time, too. 

But of course, Deaton is best known for his aggressive support for XRP, to the extent that many people think hes actually representing XRP. Funny thing is, hes more of a Bitcoin and Ethereum guy.

When I started off, a lot of people called me the XRP attorney. The reality is, XRP was a small investment for me; I was 10 times more into Bitcoin and four times more into Ethereum.

Strong beef: SEC

The SEC spat the dummy in a 2021 court filing regarding Deatons mock cross-examination of then-SEC Chairman Jay Clayton in a YouTube video.

Deaton sliced and diced Claytons various interviews about crypto regulations and Ripple, hilariously inserting clips of himself as the interviewer, grilling Clayton with a series of questions. 

The SEC cried to the judge and dobbed on Deaton for teasing Clayton online.

The filing claimed the video made many inflammatory statements, including about supposed drug use, and that Deaton might have to walk over and [profanity] out of Chairman Clayton. 

Avoiding beef: Brad Garlinghouse

Deaton remembered how Ripple boss Brad Garlinghouse tried to alpha-dog him at a crypto conference. Deaton says Garlinghouse has a unique quality, the kind of charisma that made everyone want to be around him and shake his hand. However, Deaton walked right past him and wasnt going to talk to him.

Garlinghouse enthusiastically yelled out, John, Im Brad Garlinghouse and they shook hands.

Garlinghouse cheekily followed up with no pictures and Deaton replied, Hell, Im not even going to talk to you.

Deaton says the last thing he would want floating around the internet is photos of him and Garlinghouse, as he is acting independently for the investors, and people already think that hes working on behalf of Ripple.

Minor beef: Vitalik Buterin

Deaton has taken on Ethereum co-founder Vitalik Buterin over his public comments about XRP.

Buterin was decidedly unimpressed when Ripple tried to drag Ethereum into the securities case and called Bitcoin and Ether the two Chinese-controlled virtual currencies. He tweeted that XRP was a shitcoin and that it had lost their right to protection as a result. 

Deaton stood up for XRP holders in a long thread calling Buterins tweet a shameful and disgusting comment.

I dont care about Ripple, in the same way, I dont care about Vitalik [Buterin], I dont own Ethereum because I like Vitalik, I own it because I like Ethereum.

Deaton signed off the series of tweets directed at Buterin with a little bit of advice for the young man.

Twitter likes

I follow the big names, but I take it as a compliment that [Binance founder] CZ follows me, as well as [Kraken founder] Jesse Powell, Brad Garlinghouse, amongst other big names, Deaton notes.

On several occasions, Deaton has been seen quoting Powells thoughts on XRP.

Given his popularity on Crypto Twitter, Deaton has come to expect some encounters with wacky characters. 

I think Crypto Twitter, you have to get past the crazies, but there are certifiable people on there; it has been major for the whole XRP case.

The future?

Deaton tips that new legislation to clean up digital asset regulation in the U.S. is unlikely to happen soon.

I think the people out there saying that regulation will come from Congress, that isnt going to happen within the next two years, Deaton says. 

And while hes not a price person, he thinks Ripple winning the court case would give it a significant boost.

Do I think it goes to $100 after they win? No. Do I think it goes up significantly from $0.45? Yes. I would see it going to previous all-time highs.

But while he tips a strong future for the major cryptocurrencies, hes not sure about the 10,000 other digital currencies.

The crypto space is in for more pain. In a couple of years from now, there will be some survivors. Bitcoin will survive, Ethereum will survive, XRP will survive, Deaton says, adding that the thousands of tokens that are garbage will probably fail.

MEXC Raises the Bar: Supercar Giveaway Boosted to 12,000,000 USDT

Zhu Su’s exchange did $13.64 in volume akshually, Huobi in crisis: Asia Express

Huobi Global’s token crash and ongoing layoffs, 3AC founders deny reports of $1.26 in day 1 volume on new exchange and claim $373 on day 2.

Our weekly roundup of news from East Asia curates the industrys most important developments.

Blowing up a Singaporean crypto hedge fund worth an estimated $10 billion at its peak was, by all means, a life-changing event for its co-founders Kyle Davies and Zhu Su. It appears that the trauma from the incident had been so severe that the two executives embarked on a series of spiritual journeys starting mid-2022 to transcend the effects of Three Arrows Capitals (3AC) bankruptcy.

The voyage appears to have been fruitful. From escaping the pursuit of creditors, to making philosophical observations after witnessing the deaths of German tourists, to discovering the grace of Allah through Islam, to reigniting their passion for life through the culinary arts, to finding companionship in Japanese NFT avatars, Davies and Su may have finally found the answer to overcoming lifes hardships: If you dont get it right the first time, keep trying until you succeed.

After reportedly soliciting $25 million from investors in January, the former 3AC co-founders launched the OPNX exchange on April 5. The exchange is designed to trade bankruptcy claims of fallen crypto entities, such as their own bankrupt hedge fund. It is unclear how the highly personalized and private nature of bankruptcy claims can allow them to be traded on a public exchange without prior approval from bankruptcy trustees or courts.

Nevertheless, Davies and Su decided to press forward with the idea anyway. On the first day of trading, the total trading volume on OPNX in the previous 24 hours was reportedly $1.26. The report drew swift condemnations from OPNX, which clarified that the exchanges 24-hour trading volume was actually $13.64, or 982% more than stated.

OPNX clarifies to users that the exchanges trading volume had been grossly understated in the CoinDesk report (Twitter)

On the second day, Zhu Su claimed that the exchange facilitated $373 in trading volume after a media blitz brought much attention to the lackluster results. However, with great power comes great responsibility. Despite improving the exchanges trading volume by 2,634% in one day, OPNXs traction was partly derailed by Twitter suspending its official account due to terms of use violations.

Su has since created a Chinese Telegram channel for official OPNX communications. Meanwhile, the two were kindly reminded by critics once again that despite their continued entrepreneurship, creditors are still claiming an estimated $3.5 billion from their defunct hedge fund.

Huobis liquidation controversy

In a letter submitted to Chinese news aggregator Odaily.news, cryptocurrency exchange Huobi Global appears to have presented its side of the story regarding a flash crash that affected its native Huobi Token (HT) on March 10.

On the date of the incident, HT plunged to as low as $0.31 apiece from a high of $4.85 before subsequently recovering most of its losses. It currently trades at $3.58 at the time of publication.

Huobi Tokens suffered a flash crash that liquidated many leveraged users on Mar. 10. (Huobi Global)
Huobi Tokens suffered a flash crash that liquidated many leveraged users on March 10. (Huobi Global)

According to Huobi, the incident was caused by industry-wide macro events relating to the recent failure of American tech banks. Under such downward pricing pressures, repeated selling by big investors, and lack of liquidity with the HT token, led to margin liquidations, and in turn caused many leveraged investors to suffer losses,” Huobi wrote.

The event led to big losses among users who pledged HT as collateral for loans or were simply holding the token with leverage. Amid the guidance of self-proclaimed adviser and de facto owner of Huobi, Tron founder Justin Sun, Huobi rolled out a compensation program for users affected by the HT flash crash, claiming that more than 98% of affected users have negotiated a satisfactory solution with the platform and received compensation.”

However, one user, Lantian666, says he lost nearly $4 million during the incident and that his losses are yet to be fully compensated by Huobi. In the Odaily letter, Huobi acknowledged that one user lost an estimated $2.9 million after the flash crash caused liquidations. Lantian666 posted a series of screenshots and claims that Huobis customer service had only agreed to waive a portion of liquidation fees, which are nowhere close to his loss on trading positions.

Sun has stated that Huobi will bear all leverage-through position losses on the platform resulted from this market volatility event of HT.” Huobi has stated that it seeks to reach a consensus as soon as possible with the remaining users who still have doubts about the current solution and negotiate a more satisfactory solution.” However, the exchange also wrote it did not want such compensation to encourage users to engage in high-risk leveraged transactions.”

Justin Suns troubled acquisition

According to purportedly leaked employee screenshots on April 4, Huobi Global plans to cut its staff count by a further 200, and the exchange is apparently not yet profitable. Last November, Sun reportedly acquired 100% of a co-founders stake in the exchange through his entity About Capital.

There have been issues ever since but the exchange had issues before as well. Early this year, Huobi reportedly slashed its employee benefits and laid off as much as 20% of its staff. The exchanges market share had fallen from an estimated 5.4% in the first quarter of 2022 to 2.2% in the final quarter. On April 5, Sundeniedthat he was in talks to sell his Huobi stake to Binance.

Huobi was one of the largest cryptocurrency exchanges in the world, holding 19% market share in 2020 before Chinas crypto exchange ban took effect, and it had to say goodbye to much of its user base. Sun apparently has a plan to get around the ban as part of its turnaround. The proposed scheme involves leveraging Huobis digital identity partnership with the Caribbean island of Dominica. Mainland Chinese users can register for Dominicas digital citizenship, then reportedly use their new citizenship documents to create a Huobi account.

Sun is currently facing a lawsuit from the United States Securities and Exchange Commission over allegations of market manipulation related to the Tron and BitTorrent tokens. Recent reports also indicate that Sun was stripped of his status as Grenadas ambassador to the World Trade Organization last June, depriving him of the fancy title his excellency and access to a diplomatic passport that grants him theoretical immunity against prosecution.

Microsofts new blockchain partnerships

According to a recent announcement, Singaporean gaming studio Metagame Industries has joined the Microsoft for Startups Founders Hub through the ID@Azure Program. The partnership with Microsoft will explore the use of AI and cloud computing in Web3 game development.

Metagame Industries will receive Azure credits, OpenAI Services, technical support and business development resources as part of the agreement. We’re excited to work with Microsofts tools and technology to create innovative and immersive gaming experiences,” said Joe Zu, CEO of Metagame Industries.

Abyss World gameplay (Metagame Industries)
Abyss World gameplay (Metagame Industries)

The firm is the developer behind Abyss World, a third-person, dark fantasy action role-playing game scheduled to launch on Mysten Labs Sui blockchain in Q4 2023. Abyss World will feature an in-game NFT factory that enables the minting of digitized weapons and heroes via monster drops.

Token rewards will also be available to players who complete special tasks in the PvE section, climb the game leaderboard, and win PVP arena seasons. Developers also plan to implement an Abyss World decentralized autonomous organization (DAO) to regulate game tasks such as new systems and the introduction of new character sets.

Asia Express previously reported that Microsoft has partnered with decentralized blockchain infrastructure provider Ankr on Microsoft Azure. Rashmi Misra, Microsofts general manager of artificial intelligence and emerging technologies, commented that its partnership with Ankr will allow projects to access blockchain data in a reliable, scalable, and secure way.” The tech conglomerate is also reportedly testing a Web3 wallet integration for its native internet browser, Microsoft Edge.

MEXC Raises the Bar: Supercar Giveaway Boosted to 12,000,000 USDT

The Sarah Show’s analog childhood meets dizzying digital future: NFT Creator, Sarah Zucker

Sarah Zucker remembers the analogue world of her youth, and creates NFT art that explores the insane tech revolution we’re all going through.

As a Millennial who remembers the world before digital devices and the internet were everywhere, Sarah Zucker aka The Sarah Show is fascinated by the accelerated transition society at large is going through.

I feel as a Millennial that Im part of this generational cohort thats in this very unusual experience of having had an analog childhood and now living a digital future, says Zucker. 

Im specifically using tools of the recent past like analog TVs to take people out of our present moment and create this different experience of time and sense. I would say my work really is about time more than anything. 

The Los Angeles artist is considered an OG of the NFT art scene, having started way back in 2019 (her first mint was on April 4 that year) compared to most artists who arrived on the scene in the last 1224 months.

Dream Loaf from Grails Season 1 by Sarah Zucker
Dream Loaf from Grails Season 1 by Sarah Zucker. (PROOF)

Her art seems to resemble something youve seen before, all while feeling like something completely new, telling stories with a dose of humor while tapping into cutting-edge and obsolete technologies. 

Having been featured at Sothebys and more recently at the Los Angeles County Museum of Art (LACMA), Zuckers love for art started with film photography.

Ive always expressed myself visually. As a teenager, I got very into photography and specifically working with film photography. Were talking about the early 2000s when everything was going digital, she says.

Vintage technology has always been of interest to me. Its not necessarily about nostalgia, its more that I find the physicality of vintage technology really interesting.

She was an early convert to uploading pics on Tumblr and Instagram and spent about a decade pursuing photography before her masters in screenwriting saw her embrace narrative filmmaking on video.

Influences:

The Sarah Show takes inspiration from German expressionist art, which emerged in a similarly tumultuous period to today around the end of the First World War. 

There had just been this World War that made everyone feel like the world was suddenly getting a little more global than felt comfortable. There was a pandemic. There were all these things in society, and yet the artists of that time were so expansive, emotive and free, she says. 

They were breaking forms and creating things in a way that said, We dont care how were supposed to do this; were going to do this the way that this expression needs to come out of us. I cant get enough, says Zucker. 

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Personal style: 

Ive always been something of an outlier in my artwork. I would say its not easily defined. You could call it glitch art, you could call it video art, you could call it GIF art, or, more recently, NFT art as it gets called now. I dont think those terms are incorrect, but they miss the big picture. 

I describe it more like a multiverse that Im channeling through. Im channeling through myself and through these vintage broadcast devices into a body of work that gets referred to as The Sarah Show.

Cassandras Vision from The Cassandra Complex by Sarah Zucker
Cassandras Vision from The Cassandra Complex collection by Sarah Zucker. (OpenSea)

With technological advancements like AI happening at a breakneck pace, Zucker says shes trying to address the big universal existential questions about the fact were on the brink of a completely new way of living as human beings.

I view my work as a way of depicting what its like to be this sort of silly, scared, happy, manic, dreadful little creature strapped to this rocket ship going into the future and trying to make sense of what this life has been and what its going to continue to be.

Notable sales to date:

Space Loaf sold for $44,062 at Bonhams, June 2130, 2021

Up-and-coming NFT artists to watch

Zucker is a big fan of performance art and has two specific artists to put on your radar. 

Edgar Fabian Frias 2022 MFA Art Practice at UC Berkeley. 

Edgar works regularly in the contemporary art world and is a bit of a shapeshifter, bringing such a unique perspective from their background. Theres a high weirdness approach to art-making that I certainly connect with. Admittedly, I turned them on to NFTs in mid-2020. 

David Henry Nobody Jnr New York performance artist, reality hacker, NFT artist. 

David is someone who Ive followed for years and years. Ive always found his work to be just irresistible. He has a huge following on Instagram; he has a lot of visibility there. 

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Process: 

Zucker creates her distinctive style using a mix of old analog devices and new digital tools, such as Adobe After Effects. 

I start with sketching or writing things out, essentially conceptualizing things. From there, I generally begin in some sort of digital way, either animating in After Effects or Photoshop. I often shoot live video in my studio.

I also have this analog video rig Ive built out in my studio thats made of vintage broadcast devices. I have custom glitch hardware, with different devices and capabilities that allow me to apply all sorts of different analog effects. In addition, I have a number of different TVs and cameras for creating feedback loops for creating texture.

With some of my work, youre often seeing screens within screens because that experience of the screen is a big part of what Im aiming to convey through my work.

Making work in an analog system can often mean making multiple versions because there is no easy way to save the work. 

Theres no saving in the analog system. It all has to be done with immediacy. An example would be laying it all down on VHS tape, and then I bring it back out to digital and have basically two ways to convert it to the digital realm. 

One is to film it in 4K, essentially like filming it in high definition digital video off of the vintage screen because often thats the look I want, the screen within the image itself. The other option is to use a transfer system that basically digitizes the analog signal. It brings it back into digital signal where I can record it digitally, says Zucker. 

NFT Creator Sarah Zucker
NFT Creator Sarah Zucker

Artnomes influence as a collector: 

Zucker has been collected by a lot of people over her four years in NFT land but singles out Jason Bailey aka Artnome as someone thats played a pivotal part in her journey. 

I have a great relationship with a lot of my collectors. I think collectors and artists do this great dance of symbiosis, she says.

I think Artnome had been checking out my work and recognized that I had a number of pieces just sitting there on the market, and he swept them all. More importantly, its not just that he bought my work its that he wrote a very thoughtful thread on Twitter about my work.

In the thread, he drew attention to my work and video art in general. He really did this service to me by contextualizing my work for people. Plus, Jason is an arts writer; hes very knowledgeable and told everyone about what my work was. 

This was January, in 2020, when he showed my work off, and from that day on, it has snowballed into an increasing amount of visibility and appreciation. I can always point to that one moment of that one person bringing a little bit of spotlight to me and it has continued to echo out through my life over the past three years, says Zucker.

Lynkfire: linktr.ee/thesarahshow 

Twitter: twitter.com/thesarahshow 

Instagram: instagram.com/thesarahshow/ 

MEXC Raises the Bar: Supercar Giveaway Boosted to 12,000,000 USDT

US and China try to crush Binance, SBF’s $40M bribe claim: Asia Express

Binance’s future threatened after superpowers try to crush it, SBF accused of massive bribe over trading in China, former OKX exec charged.

Our weekly roundup of news from East Asia curates the industrys most important developments.

Binance’s secret U.S. users

On Mar. 27, the U.S. Commodity Futures Trading Commission (CFTC) charged Binance and its founder Changpeng Zhao with alleged willful evasion of federal law and operating an illegal digital assets exchange. In the 74 page complaint, the CFTC claimed that despite the exchange’s public position of banning U.S. users, internal documents suggest that at least 20% to 30% of the exchange’s traffic came from U.S. customers. That equates to almost three million alleged U.S. users by mid-2020.

Crypto exchanges are required to register with either the CFTC or the U.S. Securities and Exchange Commission before soliciting U.S. customers. However, the CFTC allege that Binance ignored such ruling as its executives claimed that the regulations were “not reasonable” in the context of Binance’s corporate structure and that it was more “profitable” to simply bypass them.

Since the allegations surfaced, Chicago quantitative trading firm Radix Trading has confirmed that it is one of the three high-volume trading firms onboarded by Binance and listed in the CFTC complaint. In an official statement, Binance called the CFTC lawsuit “unexpected and disappointing.”

Founded in China by CZ in 2017, Binance quickly became the world’s largest crypto exchange through its low-fee trading mechanisms and wide range of product offerings. However, the exchange also came under intense scrutiny by regulators over allegedly lax know-your-customer and anti-money-laundering measures. Among many items, the CFTC seeks disgorgement of revenue generated by U.S. users’ trading activities, civil monetary penalties and permanent injunctive relief.

Interestingly, a screenshot cited by the CFTC shows that Binance's top 2019 revenue came from the U.S. and Chinese segments, both being countries where Binance.com is not authorized to operate.
Interestingly, a screenshot cited by the CFTC shows that Binance’s top 2019 revenue came from the U.S. and Chinese geographical segments, both being countries where Binance.com is not authorized to operate.

USA’s unexpected ally in the fight against Binance

From heated diplomatic arguments on human rights issues to ruffling feathers in the South China Sea, the U.S. and China, two major superpower, often find little common ground in everyday global affairs. However, it appears the two have finally found an entity worthy of mutual disdain Binance.

Around the same time the CFTC unveiled its investigation of millions of allegedly undisclosed U.S. users on Binance, a Mar. 23 report by CNBC found that Binance employees or volunteers allegedly shared techniques for Mainland Chinese users to evade the exchange’s KYC verification.

Techniques shared include the use of fake residential addresses, VPNs, non-Chinese affiliated email addresses to create an account and then backlink it to a Chinese national ID.

Cryptocurrency exchanges have been banned in China since 2017 with its websites blocked and major social platforms banning keyword searches containing “Binance.”

The same week, an investigation by The Financial Times alleged that Binance had significant ties to Mainland China despite its relocation in 2017. Speaking on the matter, a Binance spokesperson told Cointelegraph that Binance “does not operate in China nor do we have any technology, including servers or data, based in China,” and “we strongly reject assertions to the contrary.”

Despite their differences, the U.S. and China has finally found common ground in the fight against Binance.
Despite their differences, the U.S. and China has finally found common ground in the fight against Binance. (Magazine via Imgflip)

SBF alleged $40M bribe to Chinese officials

In a new series of indictments filed against Sam Bankman-Fried (SBF), founder of bankrupt cryptocurrency exchange FTX, by the U.S. District Court Southern District of New York, prosecutors alleged that SBF paid $40 million to one or more Chinese government officials to unfreeze accounts related to Alameda Research, which was based in Hong Kong.

In 2021, Chinese authorities alleged froze $1 billion in cryptocurrencies from Alameda Research’s trading accounts on Chinese exchanges as part of an ongoing investigation into a counterparty. Exchanges were banned in China in 2017 but actual enforcement and offboarding of users did not come until a later time.

After months of failed attempts to unlock the accounts, the self-proclaimed effective altruist apparently concluded the wheels of justice needed a little grease. Prosecutors say that under direct orders from SBF, an Alameda employee allegedly transferred $40 million from one of the firm’s accounts to a private wallet in Nov. 2021. Shortly thereafter all Alameda trading accounts were unfrozen and SBF quickly went back to his routine trading activities. The criminal trial for the disgraced crypto executive is scheduled for Oct, 2, 2023 and he faces up to 115 years in prison if convicted on all charges.

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Chinese blockchain executive’s rape charges

According to local media reports on Mar. 28, Jun Yu, founding partner of Web 3.0 fund A&T Capital and former investment director at cryptocurrency exchange OKX, is currently under criminal investigation by Chinese authorities over allegations of sexual misconduct.

Yu has reportedly left his role at A&T Capital following the accusations. According to the criminal complaint, the event started when Yu’s car slammed into a vehicle driven by the alleged victim, Ms. Wan, at an unspecified time during the year in Hangzhou, China. Captivated by her “beauty,” Yu then asked Ms. Wan for her WeChat contact to “discuss compensation”.

Afterwards, Yu repeatedly made requests to ask Ms. Wan out to dinner, to which she agreed. Authorites say that during the meetup, Yu allegedly pressured Ms. Wan into drinking excessive amounts of alcohol whilst bragging about his connections to senior Chinese Communist Party officials. Later Yu called a taxi and took the woman to a nearby hotel where she was allegedly raped.

Yu fled to Singapore shortly after the alleged incident, a country that, perhaps unbeknownst to Yu, has an active extradition agreement with Mainland China. Hangzhou police reportedly found evidence at the scene which resulted in his prompt arrest.

A&T Capital was founded in 2021 and closed $100 million in funding in 2022. The fund has invested in notable crypto projects such as Mysten Labs, or Sui Network, Scroll, and BitKeep.

The firm has since stated it had “zero tolerance” for illicit or immoral activities and will be launching its own independent investigation in addition to cooperating with law enforcement regarding the incident. Jun Yu previously worked at OKX as an investment director from Mar. 2018 to July 2019.

Jun Yu's Twitter account.
Jun Yu’s Twitter account with professional descriptions. (Twitter)

MEXC Raises the Bar: Supercar Giveaway Boosted to 12,000,000 USDT

Shrapnel wows at GDC, Undead Blocks hot take, Second Trip: Web3 Gamer

First-person shooter Shrapnel blows gamers away at GDC, Otherside’s Second Trip vs Fortnite, Callan gets killed by zombies over and over.

Shrapnel: The game at GDC everyones talking about

As the annual Game Developers Conference in San Francisco came to a close last week, there was one game that stood out from the rest. Shrapnel, a highly anticipated first-person shooter in the Web3 space, was the talk of the conference thanks to its stunning graphics and immersive gameplay. 

Gamers playing Shrapnel
Select invitees got a first look at Shrapnel at GDC. (Shrapnel/Twitter)

Select visitors were treated to a hands-on experience with the pre-alpha version of the game. Set in the year 2044, Shrapnel takes place in a post-apocalyptic world. Players must navigate the sacrifice zone, where they collect NFT gear and a compound named Sigma. They can win by reaching an extraction point where they can escape with their loot. If they die, they lose their loot. 

Shrapnel founder Mark Long told Cointelegraph at GDC that for his team, its all about the gameplay first. He added that while the demo took place behind closed doors this time, more people would be able to play Shrapnel next month.

Anyone at ConsenSys will be able to play it on the show floor, he says, referring to the conference in Austin, Texas, in late April.

EVE Online, MapleStory to get Web3 treatment

While Shrapnel was hogging the limelight, EVE Online creators CCP Games announced they raised $40 million in a round led by a16z to develop a new AAA title set in the EVE universe.

EVE Online is a space-themed massively multiplayer online role-playing game (MMORPG). Launched in 2003, its game includes over 7,000 solar systems and two decades of player-created history. Players can choose their own paths and professions in the game, focusing on battles, mining, exploration and industry, as they interact with its complex in-game economy and hierarchy. 

Its not a game for the faint-hearted: some describe playing the game as having a second job. In addition, the increasing cost of playing EVE Online has long been a point of contention between players and CCP Games. 

EVE Online
The complex MMO takes place across thousands of solar systems. (Steam)

As with every time a Web2 game studio expresses an interest in Web3 think Neopets metaverse, for instance the worry among players is that its little more than a cynical cash grab. 

The details of what the blockchain EVE game will look like are still under wraps but the company has made clear its not going to impact EVE’s global server, known as Tranquility. Last year, the company came out and said that they had no plans to add blockchain technology to Tranquility.

While we remain intrigued by the technology, for us, NFT stands for Not for Tranquility, company CEO Hilmar Veigar Petursson said at the time. 

Related: What are Web3 games, and how do they work?

The website for this project, which suggests the name is Project Awakening, states the game is separate from current and previously disclosed projects, including EVE Online.

Its not the only traditional gaming brand thats recently announced its jumping on the Web3 bandwagon. Gaming company Nexon is bringing its popular game, MapleStory, to the blockchain. 

MapleStory
MapleStory is a 2D MMO. (Steam)

Claiming over 260 million players, the game allows players to explore deserts, tundras, underwater kingdoms, lost civilizations and more. The South Korean firm follows other players in the region, such as Square Enix and Bandai Namco, who have previously dabbled in Web3. 

Related: Justin Sun vs. SEC, Do Kwon arrested, 180M player game taps Polygon: Asia Express

Bazooka Tango wants to revive indie card game Shardbound

Indie game Shardbound is also getting a Web3 revival, from gaming studio Bazooka Tango. A tactics card game, Shardbound initially launched through Kickstarter. But it never made a full release, and interest faded.

Thats when Bazooka Tango came in and decided to give it a new lease of life, according to the companys co-founder, Stephan Sherman. 

The developers at SpiritWalk had been very close friends of ours and we had always been a fan of the product, Sherman tells Cointelegraph.

Once we had the opportunity, we talked to them about picking up where it left off and bringing it the final mile, so it had a chance to reach a worldwide audience.

The Shardbound beta will be open to the public around mid-year 2023 and available on mobile in 2024.

Shardbound concept art
Shardbound concept art. (Shardbound/Twitter)

Othersides Second Trip to Fortnite

Yuga Labs Otherside returned for its Second Trip on March 25. The event saw over 7,200 concurrent players on the platform, with Improbable, the company behind the tech, once again showcasing its impressive capabilities.

Unlike the First Trip in the summer of last year, the newest iteration had a bit more gameplay beyond avatars running around doing backflips. Participants in the Second Trip teamed up to collect blobs. The winning team, Team Glacia, earned virtual winged helmets.

Second Trip players
Thousands of players joined the Second Trip on Saturday. (OtherGuild/Twitter)

On Crypto Twitter, it wasnt long before the Fortnite comparisons started rolling in, both positive and negative. The company garnered praise for how much it has managed to achieve in such a short space of time this time last year, Otherside was but a rumor, officially launching at the end of April but others quickly fired back that the comparisons were inaccurate and unhelpful. 

Its not yet clear what Yuga Labs has planned for gameplay. But then again, there are only so many ways one can collect virtual objects before it all starts to feel the same. Game Fund Partner Jonah Blake tweeted:

The otherside is not competing with Fortnite creative. They are 2 different things. They both compete for attention, and attention will be whatever is on a deed or a fortnite island. The creators will drive that attention. Brands will post on all of them.

Following the Second Trip, Yuga Labs announced several new updates. First, it looks like the company will be teaming up with Gucci for something related to the Otherside.

Its also rolled out Legends of the Mara, which Yuga Labs said is a collection-based 2D strategy game that picks up where the events of Second Trip leave off.

With it, were going to learn more about Kodas, including their origins and their primal relationship with Otherside, encounter some new apprentices in the form of the Mara, and learn more about the story of Otherside throughout LOTM, Otherside tweeted.

Related: Otherside Metaverse demo kicks off with 4,500 participants: highlights

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Magic Eden gaming hub

NFT marketplace Magic Eden started pivoting to gaming last year, and this month it finally rolled out its gaming hub. 

The idea, according to its gaming CEO Chris Arkhavan, is to turn the platform into a hub for Web3 gaming where users can find new games, buy NFTs and view leaderboards. Its not hosting games on its platform but has plans for more community-focused integrations in the future.

Magic Eden
Magic Eden is pivoting to gaming.

Hot Take Undead Blocks

So, Bitcoin up today?

Its not the first thing you expect to hear as you walk nervously around the neighborhood of Sanborn, New York, waiting for the zombies to inevitably descend on you, but it helps release a bit of the tension. Your character shouting to the moon as the hordes descend is as good a war cry as any, I suppose. 

zombie hordes
Undead Blocks is described as a kill to earn game.

The beta of Undead Blocks, by Wagyu Games and Kevuru and released on ImmutableX, launched last month. Dubbed a kill-to-earn game, Wagyu Games executive director Grant Haseley is a former Goldman Sachs analyst who set out with the aim of making an easy-to-learn and addictive game that is playable with friends. 

Easy for everyone except me. I have the hand-eye coordination of a drunk three-year-old and am much more at ease pottering around Stardew Valley planting potatoes than trying to survive the apocalypse. 

Being able to control the unwieldy pistol improves slightly when I turn down the mouse sensitivity by about 90%. At least, I stop dying after killing just one zombie.

That said, I can still appreciate that it looks cool. And Ive heard positive reviews from people who have used a game controller you can use the ones for your Xbox or Playstation as opposed to a Mac.

Overall, the look and general playability of blockchain games are so much better than they were a year ago, and Undead Blocks is no exception. It has crisp graphics, a cool soundtrack in the intro and cringe-in-a-mildly-amusing-way musings from the avatar about crypto.

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Whats Coming Up

Amazon NFT and Gaming platform In January, it was revealed that Amazon was building an NFT and gaming platform. The e-commerce giant has remained tight-lipped about the plans but unconfirmed reports suggest something could be launched on April 24. 

Imposters This Among Us-esque social deduction game will launch a beta for verified holders on March 31. It was delayed from the original date of March 24 due to issues with migrating the game to Unreal Engine 5.1. 

CGC Online The Crypto Gamers Conference is back for another year from April 17-18. Tickets for the virtual event are available free online and the deadline for speaker applications closes April 10. 

Eternal Dragons Blockchain game Eternal Dragons will hold its first official PvP tournament from March 31 to April 2. Theres a prize pool of over $15,000 USDC up for grabs. 

The Glimmering Blockchain-based Dungeons and Dragons game The Glimmering will launch its play platform on March 30. NFT holders will be able to sign up to play games virtually. 

Immutable Passport Immutable is set to roll out its gaming passport in April. The noncustodial wallet and authentication solution aims to streamline user onboarding to its games.

Got tips, questions or comments? Please direct all vitriol, abuse and declarations of love to me on Twitter @quinnishvili.

MEXC Raises the Bar: Supercar Giveaway Boosted to 12,000,000 USDT

Crypto Wendy on trashing the SEC, sexism, and how underdogs can win: Hall of Flame

Crypto Wendy built an audience by being herself, defending others, trashing jerks and the SEC, and showing underdogs how to win at crypto.

Name: Wendy O 
Anonymous: No 
Twitter followers: 330,000
Known for: crypto commentary, shitposting, trading analysis and community initiatives

Who is Crypto Wendy anyway? 

Wendy is a former healthcare professional turned crypto trader and content creator, or what she describes as a YouTube shock jock. 

While the switch from health to crypto came about due to a number of reasons, one big factor was that the long commutes and working hours were taking her away from spending more time with her number one asset: her daughter.

For seven years, I worked in infectious disease, HIV/AIDS, and I had a three-hour round trip commute four times a week. I was far from my daughter, and I just wanted to be close to her, she says, adding: 

So then I bought some Bitcoin. And I was like, Oh, God, this is cool. Like, I didnt really know, I just saw a number go up. And I was like, awesome. This is cool. This stands for liberty.

Diving into crypto, firstly via Bitcoin in 2017, Wendy taught herself how to trade and discovered that being able to do so round the clock, 24/7, worked perfectly with having a one-year-old daughter, as she could fit everything around her childs schedule.  

Wendy puts all of her audience growth down to being authentic online, advocating for what she believes in and standing up for the underdog. 

I just was myself, and I was authentic online. I hosted meetups, I defended people, I went after jerks [online]. I trashed the SEC and kind of stood up for the people and powered people, and I just grew my audience organically, she says. 

I just was doing it because I wanted to really help the underdogs and help people who grew up poor, like I did, and people that came from really fucked up backgrounds to know that they can join any industry they want and thrive.

In the early days of her online career, a notable portion of her growth came from hosting free crypto-focused meetups. Wendy said that because the big-name events were too expensive for herself and many others, she started hosting her own gatherings to plug that gap.  

I noticed a need for meetups and events that were affordable because all the crypto events back then, you had to pay like $1,000 to go and I grew up super poor. I didnt have $1,000 [to spare]. I hosted over four dozen free meetups in L.A. County, and you know, across the United States, one in Canada, and then I just created the YouTube channel to livestream those events, she said.  

What can you expect from her on Twitter? 

Wendy spends a lot of her time slamming the hawkish behavior of the United States Securities and Exchange Commission and other villains in the crypto space. 

Apart from that, shes most likely supporting other people and initiatives in the industry, offering trading analysis or partaking in some good old-fashioned shitposting (a recurring theme among many popular crypto influencers.) 

Im very blessed and grateful to have a large audience. And all social media platforms. I think were at 815,000 globally on Facebook, Twitter, TikTok, YouTube and Instagram, she says.

Its really awesome because I get to use my platform to support initiatives like the Digital Currency Traders Alliance; weve raised over $50,000 for a nonprofit called the Self Care lab […] So Ive been able to be a really big advocate for things that are important to me, and its just really awesome. 

The Self Care Lab is a boxing gym located in Pomona, California, that caters to underprivileged and at-risk youth.

Being a longtime client of the gym and a strong proponent of using physical fitness to uplift the youth, Wendy tapped into her network in late 2021 to raise the funds to not only move locations but upgrade various worn-down pieces of equipment. 

Twitter Beefs

Unlike other figures in the Twitter Hall of Flame, Wendy isnt keen to discuss or bring attention to her series of spats with other people in the industry. She puts the emphasis on reconciliation rather than recriminations.

Probably some of my favorite beefs are people that have trashed me on the internet  who have then met me in person and have said, you know, Im sorry for being a dick. Ill just leave it at that, as I feel like thats nice.

But shes not without a bit of edge:

Twitter likes & dislikes

I love Twitter because Im able to connect with so many amazing people on a global scale and from all over the United States. And thats dope.

I like to talk to people who came from where I came from, and who have a passion and are passionate about things that I am. So that part is amazing.

On the other hand: A lot of people arent very nice on the internet. Sometimes everybodys got a voice and an opinion and when you work in a male-dominated industry, there is that reality of getting talked to not very nicely; people sexualizing you, people saying shitty things to you, people calling you dumb because I dont come from money. I dont come from traditional finance, I dont come from a tech background, she says. 

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Looking ahead 

I want to keep growing and I want to be able to include as many underdogs as I can, and let everybody know no matter what background or how different you are from somebody else, that you matter, your voice matters and keep advocating for retail, and let them know that Ill be their voice when needed, she says.

MEXC Raises the Bar: Supercar Giveaway Boosted to 12,000,000 USDT

Justin Sun vs. SEC, Do Kwon arrested, 180M player game taps Polygon: Asia Express

Chinese crypto billionaire Justin Sun sued by SEC, Do Kwon busted in Casino Royale location, game with 180 million players embraces Polygon.

Our weekly roundup of news from East Asia curates the industrys most important developments.

Chinese crypto billionaire sued by SEC

On Mar. 22, the U.S. Securities and Exchange Commission, or SEC, announced charges against Chinese blockchain personality and billionaire Sun Yuchen better known as Justin Sun and three of his wholly-owned companies Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. (formerly known as BitTorrent).

The complaint alleges that Sun and his companies “fraudulently” manipulated the secondary market for Tron (TRX) tokens through “extensive wash trading”, citing more than 600,000 such trades, and paying celebrities to promote TRX and BitTorrent (BTT) tokens with zero disclosure.

Multiple prominent American celebrities, such as Lindsay Lohan and Jake Paul, were named as defendants in their alleged roles in promoting TRX and BTT without proper disclosure. Some have since settled with the SEC. In addition, the SEC alleges that bounty programs and airdrops used to promote TRX and BTT were unregistered investments. Gary Gensler, chairman of the SEC, commented:

“As alleged, Sun and his companies not only targeted U.S. investors in their unregistered offers and sales, generating millions in illegal proceeds at the expense of investors, but they also coordinated wash trading on an unregistered trading platform to create the misleading appearance of active trading in TRX.” 

Justin Sun is an active figure in the crypto industry who rose to prominence via the $70 million initial coin offering (ICO) of Tron in 2017. The ICO was reportedly conducted one day prior to the Chinese government’s announcement of a blanket ban on all ICOs within the country. Sun, who allegedly left Beijing shortly after and moved to San Francisco, used his newfound wealth from the successful Tron ICO to acquire the peer-to-peer downloading platform BitTorrent.

Sunreportedlylaid low while in the U.S. and presented himself as an honest businessman fleeing from the spectres of communism. U.S. authorities have heard this sort of rhetoric before however and on Mar. 15, the U.S. Department of Justice announced that it had arrested Chinese billionaire Guo Wengui over his role in an alleged $1 billion stock and crypto fraud scheme. Just days before his arrest, Guoshilled to his viewersthe importance of his crypto exchange, blockchain technology, and tokens he had created in the fight against communism.

The interest from U.S. authorities may have been behind Sun’s decision to move out of the U.S. in 2020 into the sunny Caribbean island of Grenada. He has since become the country’s ambassador to the World Trade Organization. Aside from foreign relations duties and the bestowment of the fancy title “His Excellency,” the role grants Sun a diplomatic passport that theoretically provides immunity against prosecution.

Despite the controversies, Sun appears to be doing quite well in his new home. Last November, Sun reportedly acquired 100% of co-founders’ stakes in cryptocurrency exchange Huobi Global even though he publicly claims he is just a humble “advisor” in Huobi’s everyday affairs.

In January, Asia Express reported that many Huobi employees’ benefits were allegedly axed via direct orders from Sun. In other areas, cryptocurrency exchange Binance has also significantly limited its utilization of Tron Tether (TRC-20 USDT) after regulatory backlash on its own stablecoin Binance USD.

“Thx for your support & advice on how to take #TRON to the next level!,” wrote Sun on Twitter following a $4.5M dinner with American billionaire investor Warren Buffet. (Twitter)

Do Kwon’s bad bet at Casino Royale

If Do Kwon has anything in common with James Bond in the 2006 hit filmCasino Royale, it is that both found (or is currently finding) their stay in the beautiful seaside nation of Montenegro to be deeply unpleasant. On Mar. 23, Filip Adzic, Minister of the Interior of Montenegro, announced that a South Korean national suspected of being the wanted fugitive Terraform Labs co-founder Do Kwon had been arrested at Podgorica Airport over falsified documents.

Shortly after the announcement, South Korean authorities confirmed that the detained individual is, in fact, Do Kwon based on a positive match of name, birth date, nationality, and photographic evidence. Police say they are awaiting a fingerprint check from Montenegrin authorities to definitively identify the arrested individual. 

Do Kwon is currently wanted by Interpol, as well as South Korean, Singaporean, and U.S. authorities, for his role in the collapse of the $40 billion Terra Luna ecosystem in May 2022. Last October, South Korean prosecutors revoked Kwon’s passport, who was reportedly hiding in Serbia at the time.

Serbia shares borders with Montenegro, a Balkan country that became independent in 2006 and, as a result, has signed few extradition agreements with other nations. However, an extradition agreement merely facilitates the process and is not a requirement for extradition to take place. Interestingly, South Korea does not have an embassy in Montenegro, and vice versa.

Kwon had not been seen since late 2022 until news of his reported arrest. If anything, the blockchain executive has proven to be somewhat of a lackluster gambler. Aside from what appears to be a failed attempt to evade arrest and attempts to double down on the Terra Luna (LUNC) ecosystem, Kwon recently, and finally, lost a $11 million bet that the price of LUNC will be above $90 per token by mid-March 2023. LUNC’s price is $0.0001259 at the time of publication.

Shortly after an Interpol Red Notice was issued, Do Kwon explained to Journalist Laura Shin that Terra
Shortly after an Interpol Red Notice was issued, Do Kwon explained to Journalist Laura Shin in an interview that Terra “was never really about money or fame or success.” (Unchained)

Maplestory moves into GameFi

On a happier note, South Korean gaming giant Nexon announced on Mar. 22 that it had selected Ethereum layer-two scaling solution Polygon (MATIC) to power the blockchain ecosystem for multiplayer 2-D fantasy role-playing game Maplestory.

According to Nexon, a Polygon supernet, created by Polygon Labs, will be deployed within Maplestory to allow players to earn and collect in-game items as nonfungible tokens. Ryan Wyatt, president of Polygon Labs said:

“Nexon selecting Polygon Supernets to power its worldwide hit MapleStory Universe sends a strong message to the entire gaming industry about the future of blockchain gaming.”

Last January, Wyatt announced his resignation as head of gaming at Youtube and joined Polygon Studios as its new CEO.

Created in 2003, MapleStory has immense popularity in the Asia-Pacific region and has surpassed 180 million registered players. In-game items are currently purchased using Nexon’s currency NX. The company reported $2.6 billion in revenue in 2022 and has developed over 50 games since inception. 

Maplestory embraces blockchain technology after 20 years. (Nexon)
Maplestory embraces blockchain technology after 20 going strong for years. (Nexon)

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Creating ‘organic’ generative art from robotic algorithms: Emily Xie, NFT Creator

New York NFT artist Emily Xie explores the tension between creativity and “cold and robotic” algorithms. Punk6529 and DC Investor are collectors.

New Yorks Emily Xie is exploring the new frontier of digital art by combining her skills and passion for computer science and generative art. 

In a little under two years, since she minted her first NFT in March 2021, she has caught the attention of prolific collectors, such as Punk6529, DC Investor and Bob Loukas, and recently left her software engineering job to pursue life as a full-time artist. 

I studied art history, took studio art courses, but also studied computational science and engineering. I made all sorts of art growing up, but it was more in a traditional media way. As a software engineer, I was always hoping to combine my love for programming as well as my love for art and creativity, says Xie. 

Generative Patchwork and Bullseye by Emily Xie
Generative Patchwork and Bullseye by Emily Xie. (Hypemoon)

Discovering generative art

I found that desire in generative art in around 20152016. It made a lot of sense making art with code. You dont get any more of a direct and elegant combination than that of those two fields.

Its so full of exploration. Youre engaging with technology in a way thats creative because it exercises both sides of the brain, and thats a rare thing to encounter. 

Xie attributes her love for making generative art to the freedom it gives her to let her creativity loose, and she gets lost in the process. 

Assemblage #6 on Tezos Blockchain by Emily Xie
Assemblage #6 on Tezos Blockchain by Emily Xie. (Objkt)

Generative art is meditative for me. Whenever I made it, I got really sucked into it. The world around me would just disappear, and I would spend hours just programming and seeing what the algorithm might do.

Prior to NFTs, there was not very much opportunity to actually make a living out of it. When NFTs did come along, it was the first time where I actually saw a pathway for myself to be making a living as an artist. 

Inspired by East Asian art, Xies collection Memories of Qilin was launched via Art Blocks a year ago and has now seen over 4,400 ETH ($7.4 million at the current ETH price) in secondary sales.

In July 2022, Xie teamed up with Bright Moments for her 100-piece collection Off Script, which is an algorithmic representation of a 20th-century modern art collage. 

Just recently, the New York resident engaged in a collaboration with the Los Angeles County Museum of Art, and she also has worked with SuperRare and Objkt (Tezos). 

Influences

Xie takes influence from many artists and styles but specifically singles out Japanese ukiyo-e artist Hokusai, best known for the famous big wave woodblock print, and Spanish painter Picasso who revolutionized abstract art with cubism. 

For me, I love abstract expressionists and early modern collage artists, but a few names that come to mind are Hokusai and Picasso, she says, also referencing the Fidenza NFT artist Tyler Hobbs.

Read more: Tyler Hobbs wrote software that generates art worth millions

Theres a lot of generative artists that have inspired me over the years. Tyler Hobbs is one of those. Id also say Zach Lieberman has been a huge inspiration, says Xie. 

In general, the genre influences for me are collage and textiles. I draw a lot of real-world inspiration from them. 

The Great Wave off Kanagawa by Hokusai, 1831
The Great Wave off Kanagawa by Hokusai, 1831. (Metropolitan Museum of Art)

Personal style of generative art

Xies aesthetically pleasing style takes inspiration from traditional East Asian art, and she has a knack for creating pieces that can be studied with the naked eye at length. 

I would say that my personal style is very influenced by textiles, patterns, collage and wallpaper. This idea of bringing together a lot of different patterns and putting them into one piece and seeing how that can create something so cohesive thats really interesting to me, Xie states.

Her work brings human warmth to what could be a sterile nature of computer-generated art. 

I would say that, a lot of times, my artwork tends to have a very organic feel. It explores this tension between what is handmade and appears very human versus what is computational and somewhat cold and robotic.

Its very fascinating to me to bring in a sense of organic and human into a medium thats inherently digital with the code I use. 

Notable generative art sales to date

NFT artists to watch

Xie points out a number of up-and-coming NFT artists shes excited about. 

William Mapan An artist who works with code and has been featured on Art Blocks, Bright Moments and at Sothebys. 

William is an incredible artist. He has all these beautiful, hand-drawn-looking works. His series Anticyclone is just stunning, and Ive collected one. I think he really loves drawing inspiration from traditional media as well. 

Iskra Velitchkova A computational generative artist whos also been featured at Sothebys. 

Her work has a very digital quality to it. Whilst digital, its also deeply atmospheric. Her style is so consistent. If you see an Iskra Velitchkova piece, you know its hers. 

Sasha Stiles A metapoet and AI researcher.

Sasha is doing some amazing work around artificial intelligence and poetry. Its very cutting edge in my opinion. 

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Generative art process 

Using a combination of traditional sketching, photoshop and writing algorithms, Xies process can be quite time-consuming and detailed. 

Programming is a pretty intensive process, so you want to visualize what youre trying to program as concretely as possible before doing it. I typically do that in Photoshop and sketch out what happens if I add a line to a given element. Ill look to see if that makes sense. If it looks good, I will then program it out and see where that takes me, says Xie. 

Often, it starts with a pretty extensive mood boarding process where Ill go and collect a bunch of images that I love that Im inspired by. That gives me an idea of what Im interested in at that moment. Sometimes, I cant articulate or vocalize that myself; its a very subconscious thing. 

Off Script #62 by Emily Xie
Off Script #62 by Emily Xie. (OpenSea)

Once Xie has an idea of what she wants to make, she starts to code to create the output. 

When Ive got my inspiration, I then start tinkering around with algorithms. Sometimes, that means revisiting an algorithm that Ive already written or learned about, for example, flow field. From there, its a matter of trying to draw inspiration from other elements and attempting to recreate them using code.

Typically, what that means is youll lay down some lines of code and then youll see what it produces, and itll render on your screen. From there, it becomes an iterative process of playing with parameters. For example, if you constrained one parameter, you might get wavy lines instead of something else. Youre constantly going back to your code, editing it and rendering it, and then repeating that process over and over again until you get something you like. 

Throughout my programming process, I actually try to prototype rapidly as much as possible because you can also run into the problem where you have an idea and spend all day programming it out, but it looks bad, and youve wasted all that time.

Physical-to-digital art paradigm shift

Xie says that tokenized digital art is turning the traditional relationship between original and reproduction on its head. 

Its interesting because, in the past, the Mona Lisa physical object is the true piece. Then every other picture of it you find floating around on the internet is just a manifestation of it. In this paradigm, its the complete opposite, which is really funny. I think its really important because, for the longest time, the traditional model left digital artists without a real way to assign originality and collectibility to the artwork, Xie says. 

In the past, there wasnt an easy way for my generative art to be collected. How do you collect something that sits on your computer but could be transferred to any computer all around the world with a click of a button? It required a way to assign rarity to a JPEG. NFTs are it. If people really think about it, it makes so much sense, and it opens up digital art to be finally appreciated and collected. 

Favorite NFT you own

I would have to say Anticyclone by William Mapan and Folio #22 by Matt DesLauriers. I love both of those pieces that Ive collected. 

Links: 

Lynkfire: linktr.ee/emilyxxie 

Twitter: twitter.com/emilyxxie 

Memories of Qilin website: memoriesofqilin.com/ 

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