China Lockdown Protest NFTs Emerge, Candy Digital Cuts Staff, and More

China’s COVID-19 protests cemented in NFT

Non-fungible tokens (NFTs) illustrating China’s ongoing protests against the country’s zero-tolerance COVID-19 policy have found their way to the OpenSea NFT market.

At least two collections were created in November, the first is a Polygon (MATIC) based collection called “Silent Speech” featuring 135 NFTs depicting images of protesters, signs, graffiti and even social media screenshots related to ongoing protests auctioned from 0.01 Ether (ETH), or just under $11.50.

A Silent Speech NFT titled “Beihang University” (translated) shows an image of several tealights in surgical masks. Candles are an often used symbol of remembrance.

Another collection titled “Blank Paper Movement” of 36 Ethereum-based NFTs with a floor price of 10 ETH, or nearly $11,800, showcases a more artistic approach as images of the protests appear painted on.

Holding a blank sheet of paper has become a symbol representing the suppression of speech in the rare and widespread protests that have erupted across China since November 14, starting with residents of Guangzhou, one of the largest cities in China, tearing down police barricades in response to COVID-19 measures.

Protests escalated on November 24 as a fire that day at a high-rise building in the northeast city of Urumqi killed 10 people.

Some Chinese netizens believe residents were unable to escape due to extreme lockdown measures, including authorities wiring or closing doors.

Candy Digital lays off 100 employees

NFT Candy Digital has reportedly laid off a significant portion of its workforce amid turbulent crypto market conditions and a massive drop in NFT trading volumes this year.

More than a third of the company’s roughly 100 employees have been laid off according to a Nov. 28 report by sports industry outlet Sportico.

The reason for the layoffs is unclear and whether any particular departments were affected, as Candy Digital has not publicly addressed the layoffs. Former Community Content Manager at Candy Digital, Matthew Muntner, in a November 28 Twitter post publicly confirmed that he was part of the staff cuts:

Cointelegraph contacted Candy Digital for comment but did not receive an immediate response.

Candy Digital launched in June 2021, backed by sports e-commerce store Fanatics, crypto-friendly entrepreneur Gary Vaynerchuk, and Galaxy Digital CEO Mike Novogratz.

The company quickly forged partnerships with sports leagues, including Major League Baseball, NASCAR’s Race Team Alliance collaboration, and several college athletes. It was valued at $1.5 billion in October 2021 following a $100 million funding round.

Candy Digital’s layoffs follow others at tech companies such as NFT protocol Metaplex on Nov. 17, the layoffs of “several members” of its team, the layoff of 11,000 employees by Meta on Nov. 9, and developer of the Flow blockchain, Dapper Labs, on November 2, the layoffs of approximately 130 employees. .

Bored & Hungry Restaurant Hosts Pop-Up During Philippines Blockchain Week

Bored & Hungry, the NFT-themed burger restaurant based in Long Beach, set up a pop-up shop during Philippine Blockchain Week which kicked off on November 28 local time.

This is the first time the restaurant has operated in Southeast Asia, the brand has also exploited a pop-up chip stand at NFT.London in early November.

The restaurant opened in April and is themed around using the owner’s IP of its Bored Ape Yacht Club and Mutant Ape Yacht club NFTs and has accepted ETH and ApeCoin (APE) as payment.

About two months after opening in June, the store inexplicably stopped accepting cryptocurrency as a form of payment, likely due to falling crypto prices.

Ripple’s XRP Ledger Hits New NFT Sale Record

Ripple’s XRP Ledger blockchain recorded another record NFT sale, with an NFT XPUNK – a clone of Ethereum’s popular native CryptoPunk NFTs – selling for 108,900 XRP (XRP), or around $44,000 at the time of the sale November 25.

The sale is the result of an open auction with over 20 people in a Discord voice chat according on the official XPUNKS Twitter account. He declined to disclose the buyer but said “the community knows who it is.”

Related: The Metaverse is a New Frontier for Earning Passive Income

The XRP Ledger introduced NFTs on October 31 with the introduction of the XLS-20 standard which was first proposed on May 25, 2021, NFTs feature “automatic royalties” for creators.

More interesting news

The community-driven Decentralized Autonomous Organization (DAO) made up of ApeCoin holders launched its own NFT market on November 24 with only collections supported by Yuga Labs.

After the Saudi football team’s surprise win at the FIFA World Cup against Argentina on November 22, the floor price of a Saudi Arabia-themed NFT collection unrelated to the team jumped. 52.6%, with some seeming to see chips as an indirect way to bet on the success of football teams.