• BTC Dominance: %
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

GameStop ‘Falling Man’ NFT saga shows people’s power at its finest

Jon Hartney by Jon Hartney
July 25, 2022
in Bitcoin, Blockchain, Business, Market
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

While GameStop faced the heat for insensitive NFT listing, OpenSea had the Falling Man NFT listed on its platform for over two months.

A recent nonfungible token (NFT) listing on Gamestop’s marketplace became the center of controversy in the NFT world. The listing received heavy backlash from the community prompting the marketplace to take action within a day, showing how a community can come together to reverse the wrong.

The NFT in question, titled “Falling Man,” showed a man in a space suit falling downwards. The NFT in question had quite a resemblance to the infamous 9/11 photo of a man falling to his death that since has become a defining moment of the deadly attacks. Many believed the NFT was mimicking the 9/11 victim and also infringed on the copyright of the image taken by original photojournalist Richard Drew.

Related articles

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

In another discussion on the meme stock subreddit GME_Meltdown, a user pointed out that the figure in the NFT is a render of an existing 3D model of a Russian flight suit created by an independent artist, which was used without the permission of the original artist.

The GameStop team eventually took down the NFT and even banned the creator behind the art from minting on the platform.

Gamestop got rid of the nft and removed the creators ability to mint thankfully. pic.twitter.com/tJpcmXqkJz

— Thrawnbelina (@AltStacie) July 23, 2022

The crypto community demanded Gamestop to do better due diligence before approving any artform to its marketplace, where one user wrote:

“It’s still not enough how do you even allow this it’s disgusting there needs to be a review team that looks into each NFT for shit like this or stolen art.”

GameStop didn’t respond to Cointelegraph’s request for comments at press time.

While GameStop faced the community backlash, the incident opened a pandora’s box of evidence highlighting how NFTs became a medium of making quick money for many at the cost of common human decency.

Related: Scams in GameFi: How to identify toxic NFT gaming projects

OpenSea, one of the most popular NFT marketplaces today, has the “Falling Man” as NFT up for sale for nearly two months.

The Falling Man NFT has been up on @opensea for two months plus. Stupid People are trying to shame @GameStopNFT for taken it down in a day! saying #GameStopNFT needs to do better content control They’re already the best!!! Go FUD elsewhere! https://t.co/DQNLRE6xd2 #GME pic.twitter.com/qQ8kIBvXWI

— VanGuardianVI (@VanGuardianVI) July 24, 2022

Another revelation came earlier in January this year when a doctor tried selling an X-ray of the 2015 Paris terrorist attack victim as an NFT. The doctor is currently facing legal and disciplinary actions.

The NFT mania began at the height of the bull run in March 2021 after digital artist Beeple’s NFT art fetched a whopping $69.3 million. Since then, NFT has become the buzzword, and every other brand and celebrity has been getting involved with the phenomenon. 

With the rise in popularity, the ecosystem became a target of scammers as well, leading to an increase in copyright infringements and fake NFT sales. However, the crypto community has always come together to show the power of the people. One such instance took place in May this year when the Solana community came together to “scam” a scammer to get back some stolen NFTs.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Bitcoin derivatives data shows room for BTC price to move higher this week

by Jon Hartney
January 23, 2023
0

BTC options data suggest that the Bitcoin price rally still has legs, even with wider economic concerns growing and the

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

by Jon Hartney
January 22, 2023
0

BTC could take a break from its sharp rally and if BTC price bounces off underlying support, APE, MANA, AAVE...

Genesis bankruptcy case scheduled for first hearing

by Jon Hartney
January 22, 2023
0

The first hearing in Genesis Capital's bankruptcy case will be held on January 23, according to court filings

Terra lending protocol Mars to launch mainnet

by Jon Hartney
January 22, 2023
0

The Mars Hub will launch an independent Cosmos application chain and issue MARS to users who hold the token during...

Central African Republic eyes legal framework for crypto adoption

by Jon Hartney
January 22, 2023
0

A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in

Load More
  • Trending
  • Comments
  • Latest

Ethereum Classic gets ‘endorsement’ from Vitalik Buterin, but ETC price still risks 50% crash

July 27, 2022

Critique on Helium’s $6.5K monthly revenue causes a stir

July 28, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022

Cardano Vasil hard fork hit with another delay for several weeks

July 29, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0

Crypto owners banned from working on US Government crypto policies

0

Korean startup Uprise lost $20M shorting LUNC

0

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

Genesis bankruptcy case scheduled for first hearing

January 22, 2023

Terra lending protocol Mars to launch mainnet

January 22, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Bitcoin derivatives data shows room for BTC price to move higher this week January 23, 2023
  • Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher January 22, 2023
  • Genesis bankruptcy case scheduled for first hearing January 22, 2023
  • Terra lending protocol Mars to launch mainnet January 22, 2023
  • Central African Republic eyes legal framework for crypto adoption January 22, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$23,385.000.33%
  • ethereumEthereum(ETH)$1,668.520.76%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.16%
  • binancecoinBNB(BNB)$332.351.35%
  • usd-coinUSD Coin(USDC)$1.000.10%
  • rippleXRP(XRP)$0.4111480.33%
  • Binance USDBinance USD(BUSD)$1.000.10%
  • cardanoCardano(ADA)$0.4014400.19%
  • dogecoinDogecoin(DOGE)$0.0957432.26%
  • matic-networkPolygon(MATIC)$1.241.45%
  • OKBOKB(OKB)$43.976.04%
  • SolanaSolana(SOL)$24.37-0.43%
  • Shiba InuShiba Inu(SHIB)$0.0000159.35%
  • Lido Staked EtherLido Staked Ether(STETH)$1,663.990.81%
  • polkadotPolkadot(DOT)$6.86-0.14%
  • litecoinLitecoin(LTC)$98.71-0.25%
  • AvalancheAvalanche(AVAX)$20.95-1.02%
  • tronTRON(TRX)$0.0647282.13%
  • UniswapUniswap(UNI)$7.261.98%
  • daiDai(DAI)$1.000.16%
  • cosmosCosmos Hub(ATOM)$14.68-0.76%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,386.000.25%
  • chainlinkChainlink(LINK)$7.210.18%
  • ToncoinToncoin(TON)$2.330.18%
  • ethereum-classicEthereum Classic(ETC)$23.751.84%
  • leo-tokenLEO Token(LEO)$3.501.38%
  • moneroMonero(XMR)$172.860.14%
  • AptosAptos(APT)$16.620.81%
  • bitcoin-cashBitcoin Cash(BCH)$137.500.45%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.09%
  • stellarStellar(XLM)$0.0930900.23%
  • ApeCoinApeCoin(APE)$5.89-0.75%
  • NEAR ProtocolNEAR Protocol(NEAR)$2.522.95%
  • CronosCronos(CRO)$0.0835171.37%
  • filecoinFilecoin(FIL)$5.51-1.23%
  • QuantQuant(QNT)$142.83-0.77%
  • algorandAlgorand(ALGO)$0.2680300.11%
  • HederaHedera(HBAR)$0.0732133.41%
  • Lido DAOLido DAO(LDO)$2.19-3.10%
  • vechainVeChain(VET)$0.0248770.75%
  • FantomFantom(FTM)$0.61-2.79%
  • Internet ComputerInternet Computer(ICP)$5.922.01%
  • decentralandDecentraland(MANA)$0.78-0.09%
  • The SandboxThe Sandbox(SAND)$0.772.12%
  • Axie InfinityAxie Infinity(AXS)$11.572.58%
  • AaveAave(AAVE)$88.69-1.00%
  • eosEOS(EOS)$1.100.69%
  • FlowFlow(FLOW)$1.160.23%
  • MultiversXMultiversX(EGLD)$46.762.40%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.000193-1.21%
  • theta-tokenTheta Network(THETA)$1.132.96%
  • tezosTezos(XTZ)$1.183.47%
  • FraxFrax(FRAX)$1.000.18%
  • The GraphThe Graph(GRT)$0.11248513.18%
  • huobi-tokenHuobi(HT)$5.874.64%
  • true-usdTrueUSD(TUSD)$1.000.18%
  • paxos-standardPax Dollar(USDP)$1.000.20%
  • kucoin-sharesKuCoin(KCS)$8.821.20%
  • havvenSynthetix Network(SNX)$2.725.81%
  • bitcoin-cash-svBitcoin SV(BSV)$43.50-0.05%
  • Curve DAOCurve DAO(CRV)$1.09-1.17%
  • ChilizChiliz(CHZ)$0.1453930.01%
  • Rocket PoolRocket Pool(RPL)$40.500.79%
  • PancakeSwapPancakeSwap(CAKE)$4.576.07%
  • eCasheCash(XEC)$0.0000390.87%
  • Frax ShareFrax Share(FXS)$10.27-5.03%
  • ImmutableXImmutableX(IMX)$0.91-2.15%
  • USDDUSDD(USDD)$0.990.06%
  • BitTorrentBitTorrent(BTT)$0.0000011.55%
  • Trust WalletTrust Wallet(TWT)$1.691.82%
  • iotaIOTA(MIOTA)$0.2488493.67%
  • dashDash(DASH)$61.05-1.04%
  • Mina ProtocolMina Protocol(MINA)$0.82-2.51%
  • BitDAOBitDAO(BIT)$0.581.19%
  • KlaytnKlaytn(KLAY)$0.2139321.77%
  • GateGate(GT)$4.50-0.22%
  • OptimismOptimism(OP)$2.98-0.56%
  • makerMaker(MKR)$710.681.51%
  • neoNEO(NEO)$8.79-0.51%
  • cUSDCcUSDC(CUSDC)$0.022730-0.06%
  • ArweaveArweave(AR)$11.95-2.16%
  • zcashZcash(ZEC)$46.25-0.30%
  • GMXGMX(GMX)$69.78-5.67%
  • OKCOKC(OKT)$32.667.78%
  • RadixRadix(XRD)$0.057552-2.51%
  • gemini-dollarGemini Dollar(GUSD)$1.010.57%
  • cDAIcDAI(CDAI)$0.0221790.08%
  • THORChainTHORChain(RUNE)$1.86-0.78%
  • OsmosisOsmosis(OSMO)$1.05-4.03%
  • Tokenize XchangeTokenize Xchange(TKX)$6.810.88%
  • RenderRender(RNDR)$1.797.68%
  • Baby Doge CoinBaby Doge Coin(BABYDOGE)$0.00000056.46%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.10-0.39%
  • loopringLoopring(LRC)$0.401192-1.69%
  • PAX GoldPAX Gold(PAXG)$1,864.330.15%
  • enjincoinEnjin Coin(ENJ)$0.4902884.44%
  • Convex FinanceConvex Finance(CVX)$6.55-0.49%
  • zilliqaZilliqa(ZIL)$0.030182-1.10%
  • 1inch1inch(1INCH)$0.619.65%