THELOGICALINDIAN - The Litecoin creators Chikun badge has become an abrupt success
Litecoin architect Charlie Lee has created a custom art NFT and admiring bids of about $2,000, admitting his intentions to prove to the crypto association that all-encompassing agenda art lacks value.
Lee Creates Chikun NFT
Lee noted on Twitter beforehand today that non-fungible tokens (NFTs) that accommodate agenda art accept an bread-and-butter problem. There is a “near zero” amount to creating those blockchain tokens, he argued, which will advance to artists aggravating to “cash in on the craze.”
Lee drew absorption to a contempo NFT from Rick and Morty architect Justin Roiland, which sold for $1 million aftermost month. He acclaimed that Simpsons architect Matt Groening or King of the Hill architect Mike Judge could actualize agnate tokens for profit—and so could any added architect of a apparent animation character.
To demonstrate, Lee minted his own custom NFT, a badge that independent his “Litecoin chikun” avatar. He declared that the analogy in the badge has no inherent value, again arrive the association to prove him amiss by behest on the token.
Highest Bid Reaches $1,834
As of Feb. 15, the accomplished bid on the badge is 1 ETH ($1,834) from a user with the handle “khalo.” Bidding will end in four days, acceptation that the NFT may access in amount in the advancing days.
Lee foresaw that this ability happen: “know that if this is profitable, annihilation stops me from calamity the bazaar with added Chikun tokens,” he warned on Twitter. “Buyer beware!”
Though Lee is hesistant to embrace NFTs, he allegedly owns at atomic two added agnate tokens. Lee additionally created an Ethereum-based area satoshilite.crypto aftermost ages and owns a agenda painting blue-blooded “Arise Chikun,” according to OpenSea records.
Litecoin vs. Ethereum
Competition amid blockchain platforms is account considering. Charlie Lee’s own blockchain, Litecoin, does not abutment NFTs. He created today’s badge on Ethereum. Naturally, the Ethereum association is added acceptable to booty Lee’s allurement to prove him amiss back it comes to the amount of crypto art tokens.
At the aforementioned time, the Ethereum association has itself drawn attention to issues of originality. While NFTs accept a congenital cryptographic agreement that anniversary badge is unique, that is alone accurate back compared adjoin added tokens. There is no apparatus to anticipate badge creators from plagiarizing art that originates elsewhere.
In ablaze of that, Lee’s badge proves that the cachet of an NFT architect can actualize allure investors behindhand of originality.
At the time of autograph this columnist captivated beneath than $50 of Bitcoin, Ethereum, and altcoins.
