San Francisco, April 1-Cryptocurrency that seems to have no problem with parody as Will Smith’s Oscar slaps Chris Rock on Sunday night after the sea of memes has been wiped out through social networks A frenzy of activity has been triggered among currency creators. But joking aside, this kind of financial movement seems to be really dangerous, so potential investors should be careful.
It seems like a phenomenon that you have to get used to. After the meme avalanche, Will Smith’s slap in Oscar’s discussion and analysis, blockchain creators can see if they can get all the attention and make a decent profit in the process. I jumped into the exercise to see if it was. It took a few hours to see some initiatives emerge. The day after the ceremony, cryptocurrencies and the token “Will Smith Dog” became available on several exchange platforms. Currency exchange reached US $ 3.7 million (RM15.6 million) within 24 hours. Since then, currency prices have already fallen considerably. This is often the case with such currencies linked to memes.
Of course, the parody in the form of NFTs is part of the blockchain world. DAO (Decentralized Autonomous Organization) has already organized NFT sales at this event. A digital work collected under the name Will Smith Slap DAO is a meme text (many) of the moment actor Will Smith slapped comedian Chris Rock, or his reaction to a joke about his wife’s condition. If the cryptocurrency slang) and various border colors are shown.
Very speculative investment
Prices are unlikely to reach the level of Bored Ape Yacht Club, but over 2,000 digital items have been created and the volume is still growing. At the time of writing, Collective was selling 13.8 ethers, or about $ 47,000 at its current price. These NFTs are currently traded in the main market, OpenSea, but this may not last long as OpenSea has very strict policies regarding such projects.
And that’s something potential investors have to be very cautious about. These types of NFTs may seem like a good investment at one point, but make more investments to take advantage of the fads that often end in a blink of an eye unless you buy them and resell them for a high price right away. It would be better. A valuable project. This is because these types of NFTs and cryptocurrencies are likely to lose all value when the hype is gone. ― ETX Studio