1,577 days, 2,409 entries ...

Newsticker, link list, time machine: HOLO.mg/stream logs emerging trajectories in art, science, technology, and culture––every day
● 22/08/2023
“Today’s sentence should serve as a warning to other corporate insiders that insider trading—in any marketplace—will not be tolerated.”
– Southern District of New York Attorney Damian Williams, on former OpenSea executive Nathanial Chastain’s sentencing of three years probation, the forfeiture of his ill-gotten gains, and a hefty fine as the first person convicted for digital asset insider trading. During the 2021 crypto boom, Chastain bought NFTs scheduled to be featured on OpenSea—and sold them for 200-500% profit when they were.
U.S. Department of Justice
● 18/02/2023
“Creators will gradually stop maintaining and perfecting their existing collections, and instead be forced to focus on always dropping new things.”
– Conceptual artist Harm van den Dorpel, explaining the dramatic impact (leading NFT marketplace) OpenSea’s decision to make artist royalties optional would have on creators. “I used to employ multiple programmers to maintain projects on a daily basis,” he adds, describing how that vital income stream funded the ongoing preservation of his NFT projects.
Twitter
● 02/07/2022

Exonemo’s CGI puppy mill Metaverse Petshop opens at NowHere in New York City. Building on a May beta test, this version adds NFT functionality and complicates transactions. Purchasers of virtual pups are faced with an ethical dilemma: keep their ‘metaverse pet’ in its entirety or strip off its 3D texture map and sell it on OpenSea. “It is like catching an actual animal and processing its skin to make it live much longer than the original,” the artist duo (ominously) note.

NowHere
● 09/10/2021
“Temperature check on late-stage capitalism: you can buy NFTs of AI-generated descriptions of imaginary girlfriends.”
– Journalist Elise Thomas, pointing to an OpenSea crypto art listing that captures the current moment
Twitter
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