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Nifty News: The Simpsons roast NFTs, Yuga Labs exec departs after anti-semitic tweets and more

Nifty News: The Simpsons roast NFTs, Yuga Labs exec departs after anti-semitic tweets and more


The Simpsons recently aired their 34th annual Treehouse of Horror Halloween special, which included a segment called “Wild Barts Can’t Be Token” that mocked nonfungible tokens (NFTs). In the episode, Homer accidentally turns Bart into an NFT on the blockchain, and they make jokes about NFTs while referencing collections like the Bored Ape Yacht Club and Doodles, as well as the digital artist Beeple. The special focused on satirizing the speculative nature of NFTs and how the market is driven by FOMO (fear of missing out). Marge also digitizes herself as an NFT to save Bart, battling NFT-themed characters along the way. The episode ends with Homer minting himself as an NFT, causing the price of all NFTs to plummet. Despite being a comedic portrayal, the NFT community on Crypto Twitter reacted positively, with artists like Beeple considering it a “bucket list moment.” The Simpsons creators even parodied their own NFT collection, Golden Moments, which was released in partnership with Disney+ and VeVe in November 2021. Some NFT enthusiasts took advantage of the episode’s publicity by launching NFT projects inspired by The Simpsons, such as the Springfield Punks collection. This collection quickly sold out, generating a significant trading volume on platforms like OpenSea. In other news, a social lead for NFT company Yuga Labs announced his resignation after his past anti-semitic tweets resurfaced. Yuga Labs, known for the Bored Ape Yacht Club and CryptoPunks, has faced accusations of perpetuating anti-semitic stereotypes in their artwork. They recently won a legal battle against artists Ryder Ripps and Jeremy Cahen, who created a knock-off NFT collection. Additionally, the NFT market is showing signs of recovery after a year-long decline in sales. Monthly trading volumes have increased by 32%, reaching levels seen in August. Ethereum-based NFTs remain the dominant force in the market. However, other networks like Polygon, Starkware, and Flow have experienced declines in sales volume. Solana’s ecosystem, despite recent challenges, has seen a 15% increase in trading volume. Lastly, there have been reports of attendees at Yuga Labs’ ApeFest event in Hong Kong suffering from eye injuries due to improper lighting, and OpenSea has announced a 50% reduction in staff as they prepare to launch OpenSea 2.0.