Is that this giving anybody a headache?
As a result of it’s 2022, and each meme and cringeworthy second apparently deserves to be immortalized on the blockchain, it appears like actor Will Smith’s Academy Awards confrontation with comic Chris Rock has already hit the doubtful world of web3.
As noticed by Fortune, there are already a number of initiatives cashing in on the drama. A Will Smith Inu coin — translated into English, that’s an growing older and Elon Musk-inflected reference to Dogecoin’s mascot, the canine breed generally known as a Shiba Inu — has already spiked greater than a thousand p.c in worth since launching the morning after the Oscars. And much more on the heart beat of contemporaneous money grabs is a “Will Smith Slap” assortment of NFTs that’s already transferring severe quantity.
Evidently, it’s robust to make an argument that both of these initiatives — or the numerous related also-rans that now inevitably pop up after seemingly each splashy cultural second — are bringing something technologically or entrepreneurially new to the world of blockchain, enterprise, or artwork.
That’s to not say that attention-grabbing blockchain initiatives don’t exist. However on meme and present events-driven initiatives, purchaser beware. In spite of everything, a brand new evaluation confirmed that the bulk of NFT drops flop.
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