NFT
eBay Reportedly Exiting Crypto NFT Market, Cuts Web3 Staff By 30%
Latest reports in the town suggest that e-commerce giant eBay is planning to exit the NFT market within two years of acquiring Manchester-based NFT Marketplace KnownOrigin. Sources familiar with the matter stated that eBay has parted ways with nearly 30% of its staff from the Web3 team.
eBay’s Web3 Division Faces Uncertainty
eBay’s foray into the world of non-fungible tokens (NFTs) has encountered turbulence, with recent developments signaling a shift in the company’s Web3 strategy. The abrupt departure of key personnel and reported tensions with NFT marketplace KnownOrigin have cast uncertainty over the future of digital collectibles on the e-commerce platform.
Just eighteen months ago, eBay made headlines with its acquisition of Manchester-based NFT marketplace KnownOrigin, marking a significant foray into the burgeoning NFT space. Following the acquisition in June 2022, KnownOrigin’s team and intellectual property were integrated into eBay’s Web3 division, building upon existing partnerships with companies like OneOf, a green Web3 firm specializing in Music NFTs.
However, eBay’s Web3 ambitions appear to be undergoing a transformation. In a surprising turn of events, Stef Jay, the division’s business and strategy officer, has reportedly resigned, while David Moore, one of the founders of KnownOrigin, is no longer active. Sources told NFTGators that tensions between eBay and KnownOrigin have escalated, raising doubts about the future of NFTs on the platform. The source said:
“Many within the company are unhappy, blaming the lack of leadership and strategy for the layoffs. There are internal criticisms, even at senior levels, questioning the qualifications of the current head of web3 as well as eBay’s strategy team.”
The Changing Dynamics of the NFT Market
After a massive rally during the 2021 bull run, the NFT market faced major challenges during the crypto winter of 2022. However, the market seems to be once again reviving over the past few months with new players like BLUR challenging the hegemony of once-dominant players like OpenSea.
With the Bitcoin bull run likely to continue in 2024, the NFT market is likely to pick up again. Over the last two years, the NFT market has also graduated to a great extent with some platforms allowing digital artists to create their own NFTs. Here’s a look into how the NFT market is likely to proceed going ahead in 2024 and some of the top NFT marketplaces in the market.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
NFT
BitBasel + VESA
South Beach Bound
This year BitBasel will takeover the entire Sagamore Hotel in Miami South Beach for the entire week. The last show I was a part of with BitBasel was still held in the Miami Bitcoin Center in 2019, so returning to exhibit with these pioneers is precious. I had also no idea just how predictive my keynote back then was going to be about what is going to be shown now. It’s groundhog day with bananas and a repetition of Dante’s circles of hell, while trying to help humanity out of inverse mode. A worthy fight. Legends only 🚀
As crazy as this journey has been since the early days, needing to repeat some fundamentals time and time again, while the ETH scene erodes further, luckily there are people who see what I do and support the perspective to be a part of it all. Much gratitude for Lecks and Scarlett for including me in the 2024 show.
Back to the Future
Notice what is on screen during my lecture about all things decentralised in 2019 at BitBasel
Back then, I was commenting a lot on how the world is on fire, how we need to fix the monetary system, the origin story of creativity, how AI will replace most low-end lawyers, accountants, etc., within five years, and how the banana fuckery of the art world couldn’t possibly sink any lower. Man, was I wrong—again—on that one. It seems the art world has found new ways to hit rock bottom in the Web3 space. At least then, SuperRare was still just taking off with hope. My naive self still believed back then that blockchain was going to bring more transparency to the art world. LOL.
Anyhoo, both the divine touch and the banana were featured in my slides during the presentation, and now they will be part of the 2024 BitBasel as a combined artwork. The piece comments on how the West has lost its way and explores what we can do to revitalize it. The reverse of the great inverse is the avant-garde, and I keep being here for it. Eventually, this will be seen by everyone and recognized as self-evident. In the meanwhile, I gotta double up as an artist as well as a culture critic. It’s a weird position but someone’s gotta do it.
I’m Potency
I’m Potency will be on show, infamous now from the precious SuperRare debacle.
The NFT comes with a physical canvas print, painted over with acrylics, which launches an AR animation.
I wrote an article here called “Proof of censorship” recently on the substance.
Here is the longer original tweet as my “submission” for the competition.
Price 6 ETH
BitRam!
See if the scanning works via the Artivive app!
The second piece on show is the live version NFT of the BitRam artwork re-imagining the animal lore of Bitcoin a bit. BTC keeps trucking along, breaking new number heights, but most importantly fighting to have an alternate space marked safe from the fiat inflation machine.
The animation original piece comes with a 2/3 physical, hand finished canvas art piece that launches into an AR version via the Artivive app.
Price: 9 ETH
BitRam physical re-paint (sold 1/3) on show in Switzerland at the Swiss Web3 Conf earlier in 2024 during Art Basel. 2/3 is now available and married together with the 1/1 animation NFT on sale at BitBasel.
Renaissance 360
Lecks also asked me to get some metaverse material on a screen, which I was happy about. The compilation video of some of the best made thus far through Asvoria (launching soon), Superworld and Cornerstone Land will be presented as part of a larger metaverse reel.
Why are we not allowed to ask, in art, the most basic of questions. Why can’t we be inspired by excellence, beauty, harmony and the spirit? Time after time, we just revel in this mud like pigs with no future. At least the pigs derive some nutrients and skin care from their play, whilst we just reduce ourselves to animals with no instincts.
Program schedule and links:
BitBasel Miami Art Week 2024, scheduled from December 3 to December 8 at the Sagamore Hotel South Beach, offers a dynamic fusion of art and technology. This week-long event features a diverse lineup of activities, including exhibitions, panel discussions, and immersive experiences.
Event Highlights:
- December 2: The week commences with the ActNowXR Summit, focusing on art’s role in sustainability and impact, followed by the BitBasel VIP Vernissage showcasing fine art masterworks.
- December 3: “Beyond A.I.” explores the future of creativity, delving into artificial intelligence’s influence on art and technology.
- December 4: The Creative Tech Investor Summit brings together leading minds in finance to discuss investment trends at the intersection of art and technology.
- December 5: A day dedicated to special events, offering opportunities for brands and partners to host their own activations within the BitBasel framework.
- December 6: “Mooon.Party Vol.2” celebrates art and technology with an unforgettable night featuring top DJs and live performances.
- December 7: The 23rd Iconic Sagamore Brunch presents “The Future of the Arts,” featuring immersive live art, panel discussions, and performances by the South Florida Symphony. Later, the Jayne Pierson Runway Show blends high fashion with artistic innovation.
- December 8: The event concludes with the 305 Pool Party, a vibrant gathering celebrating local impact and community, featuring music and poolside fun.
Ready to be touched by God?
Throughout the week, attendees can explore “The Gallery,” a curated space showcasing cutting-edge creative expressions in fine art, digital masterpieces, and space-bound art.
For more details and ticket information, visit the official BitBasel website.
Proof of Effort
T(r)opical from 2017 was the first Miami specific work I ever made. The 2/3 re-paint is still available now priced at 1 BTC. I kept the idea I had that some of the early works will keep the thread to the 1 BTC price, when bought from me. Of course, I needed start making others without it, as about 10k remains the constant “fuck you money” that people in the scene use for art. These piece are historic though, so if you want in on that action, I solute you! I saved it here as the last thing, so it’s only through proof of collector effort, that you even get to them.
Also, forever respect for Moe Levin, the founder of the North American Bitcoin Conference, for giving me my first ever spot to showcase my art in January 2018. Cool to have a fren also in Joel from the Bad Crypto Podcast, who is lurking there in the background 😂 The 1/50 signed print was given to Moe as a gift.
At 100k, the 6×3 foot re-paints are still cheap to what some of the earliest holistic works will eventually cost, once the dust settles a bit.
VESA
Crypto Artist, Speaker, Consultant, Writer
All links to physical, NFTs, and more below
NFT
Kraken To Shut Down Its NFT Marketplace
American crypto trading platform Kraken has decided to shut down its Non-Fungible Token (NFT) marketplace. In a personal message circulating on X, the exchange informed some of its users holding NFT of the sunset plans.
End of Kraken NFT Marketplace
As the trading platform noted, the shutdown process will commence on November 27. The digital collectibles trading platform will enter a withdrawal-only mode on this date.
Once this mode kicks in, the exchange said users will not be able to list, purchase, bid on or sell any NFT they hold. With these features deactivated, it noted that any of its NFT holders can transfer their assets to a self-custodial wallet of their choice.
Kraken occupies an important place in the crypto ecosystem. Beyond NFTs, the exchange co-launched the Global Dollar Network in partnership with Galaxy Digital and other industry giants.
This is a developing story, please check back for updates!!!
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
NFT
Free Web3
Web3 Liberation from Postmodernism’s Stranglehold: The Art Renaissance
By VESA
Postmodernism isn’t just an art issue—it’s everywhere. This single, pervasive philosophy has seeped into big tech, corporations, legislation, media, and nearly every major institution, often strangling genuine creativity, diversity of thought, and depth. For comparison, there are around 200 other philosophies, 4,300 religions, the male perspective, homemaker moms, the working class, the diminishing middle class, the scientific paradigm, and much more that are left out of gallery circles simply because they don’t fit the dominant narrative, which paradoxically claims to be the one that’s repressed. It’s really a luxury belief for the modern aristocracy—a tool for control—and the Marxist roots always emerge when pressure is applied.
Postmodernism’s defining trait is deconstruction, pulling apart concepts and ideals without ever offering a cohesive path forward. It’s a circular maze that keeps doubling back on itself, producing increasingly bizarre conclusions to solve the very problems it creates. Real solutions lie in expanding the field of view beyond this single frame, embracing a diversity of philosophies, religions, and perspectives that have grounded humanity for millennia. The real power of Web3 lies in its ability to do just that: to break art and culture out of this one-note narrative, empowering creators and thinkers alike to explore beyond the limits imposed by postmodernism.
This is what we missed in the first run of NFT’s importing the same postmodern experts from the realm we were trying to break free from. That and some better tech solutions for sustainable art, as some of the falling platforms have showed.
We first had a true avant-garde scene, which was then quickly eroded by the millions upon millions showered on end-stage postmodern expressions, championed by people who either (a) didn’t realize how tired it all was or (b) were heavily financially and ideologically incentivized to support it.
Funny, not funny
It turns out that holding contempt for ideas and their significance means that, time and again, the working class ends up being ruled by them. While I understand why this is amusing to some, I see how many are now disillusioned, as the humanities have been overtaken by a single, monolithic ideology. Similarly, the U.S. intelligentsia’s “flyover states” disdain is now facing a reckoning with the MAGA hat in a very different way after 40 years of indulging in postmodern ideas and scorn. The underbelly of the speech in A Bug’s Life is surfacing, too.
You can’t only summarise postmodernism to be woke and Marxist, but you aren’t far off. In case you want to hear the foundations, Steven Hicks has a brilliant analysis and summary of it. You might have to spend 3hrs to save your life & community to get it, so it’s not that long, really ⚡️
Part I – Philosophy foundations
Part II – Relevance now
For five long decades, postmodernism has held art in a chokehold, enforcing its narrow, often cynical, view of reality. Art became a reflection of society’s fragmentation, alienation, and obsession with irony—what I call the “postmodern monolithic rule.” While postmodernism initially sought to challenge established norms, it has since become the new establishment, dictating an increasingly restrictive narrative. The art world under postmodernism has marginalised genuine exploration, profound beauty, and universal human truths.
This is where Web3 steps in, not just as a technological shift but as a liberation front for artistic expression. That was the point. Not just monetising what ever, but to actually set culture free. Web3 allows artists to break out from the centralised grip of traditional galleries and critics, unleashing a decentralized platform where new ideas can flourish – however this means the scene has to support that, instead of the next duck tape banana or drooling ape AI pic.
Through NFTs and blockchain, creators can finally bypass the gatekeepers, reaching audiences directly and letting their art speak unfiltered. It’s the anti-postmodern era we’ve been waiting for—one that values authenticity, courage, and depth over calculated irony and shallow critique. The freedom to explore and create in as vast a way as the internet has already guided us to be for the past twenty years.
What is the Garden of Earthly Delights by Hieronymus Bosch. From paradise to hell, the lesson path is clear in the end stage. These aren’t just imaginative nightmares. They’re warnings about human nature — and what a world without religion is like. Feel familiar a bit? The twet link will explain it further.
Outside the restrictive frame of postmodernism lies a rich expanse of artistic traditions and narratives that we’ve been missing out on. Imagine a return to the timeless pursuits of beauty, harmony, and spirituality, merged with the advancements of digital technology. Art that celebrates connection, transcendence, and human potential. Web3 offers the tools to bring these visions to life, and artists are now free to explore themes of mythology, futurism, abstraction, and even divinity—all without needing to conform to a single ideology. This isn’t just art for art’s sake; it’s art for humanity’s sake, and it’s been a long time coming.
Authenticity as an Artist: From Cave Paintings to the Metaverse
Art isn’t a recent trend—it’s a core aspect of the human journey that dates back to our ancestors painting on cave walls. In today’s world, however, many artists find themselves constrained by expectations to follow specific trends, often losing their authenticity along the way. True artistry isn’t about following popular movements or creating what’s fashionable. It’s about tapping into a lineage of creativity that spans thousands of years, one that includes everything from the first tribal carvings to the masterworks of the Renaissance, all the way to the digital landscapes of the metaverse.
Why did Graham Hancock’s Ancient Apocalypse suddenly get attacked as racist, with Hancock himself labeled a white supremacist, despite his thirty-year marriage to a woman of color and his long-standing praise of ancient cultures worldwide throughout his journalistic career? You guessed it—postmodernism, as the series collapses the narrative. I’ll write more on that later.
Inside the art world, for the most part, you might hear of Mayan culture and traditions, but not the parts that contradict postmodern ideas.
Being an authentic artist means immersing yourself in this vast ocean of history and expression, drawing inspiration from the past and future alike. The beauty of Web3 is that it allows artists to travel across these realms without restriction. The blockchain and NFTs don’t just democratize art; they create a space where we can explore new forms of expression while staying grounded in the wisdom of our creative ancestors. The metaverse, for instance, offers the opportunity to merge the digital with the timeless, creating interactive experiences that honor the depth and spirituality of older art forms while pushing the boundaries of what’s possible.
When you explore the richness of art history, you find yourself standing on the shoulders of giants. Authentic art doesn’t mimic or simply react—it builds bridges. It’s about discovering your voice in this vast chorus and using every tool available, whether it’s oil on canvas, sculpture, or VR. Web3 and the metaverse make this journey even more exhilarating, providing artists with a canvas as expansive as their imaginations. True artists dig deep, break molds, and remind us that art is not bound by time or technology but by a timeless quest for truth.
Imagine the uproar, the fuss and emotional outbursts if there was to be a grand unveiling of an openly conservative gallery?
The Heretical Idea: Curate Your Own Galleries Outside the Establishment
Here’s a heretical idea for cultural curators and artists: Forget trying to break into the art world if you don’t feel represented. Start your own galleries, curate your own shows, and let Web3 be your platform for sharing art on your own terms. It’s cheap to start an online gallery.
Web3 has made this entirely possible. With decentralized platforms, artists can sidestep traditional gatekeepers, reach global audiences, and create communities that appreciate and support their work. Curating your own gallery isn’t just an act of defiance; it’s a celebration of creative freedom. Imagine artists coming together to form collectives that highlight unique styles, new voices, and daring themes that the conventional art world might consider “too much.” With NFTs and blockchain, you have the tools to bring these exhibitions to life without relying on anyone else’s approval.
Curating your own gallery in the Web3 space doesn’t just disrupt the old system; it builds a new one based on collaboration, innovation, and authenticity. This is where real artistic diversity can thrive, unbound by the constraints of a single ideology. Artists can create galleries that reflect their own vision, themes, and messages—whether that’s surrealism, futurism, spiritual exploration, or socio-political commentary. The freedom to shape your own narrative is the most powerful tool artists have, and Web3 is the key to unlocking it. It’s time to stop waiting for permission and start creating spaces that embody the true spirit of art: raw, fearless, and unfiltered.
TDR
Notice that all these artists and collectors below are doing this poll by not making their views public. I’ve been standing up for this, in the free speech spirit, since I came in from 2017, and was put in the web3 Western culture jail for it (mostly) since. Here is an earlier article to prove it.
so, have your postmodernism, it’s fine, I’m not trying to take your voice away from you, but actually deliver on the inclusion promise so everyone can come to play. The virtual is for everyone, not just one dominant ideology that leaves out most of the world.
As for the cover image, I have my reservations about Trump, even if there’s a potential Web3 landslide against the pro-censorship camp led by figures like Kamala. My concerns are less pronounced with Elon Musk, Ron Paul, RFK, Tulsi Gabbard, and increasingly JD Vance after listening to him on Rogan. While most visual artists sat this one out—even in Web3—the comedians have shifted the landscape, outpacing us 6-0 in terms of relevance.
The thing is, even if Trump is guilty of a lot, he and his team of “X-men mutants” have become voices for Bitcoin, free speech, opposition to big pharma, and perhaps even psychedelics, squirrels, and the like. For the first time in my life, a political campaign is actually addressing ideas that interest me. Of course, as I am not a US citizen, you don’t have to worry about my vote even if you absolutely hate everything I just wrote. None the less, this election will greatly influence my life, and it is addressed in the web3 citizen of the world spirit.
Let that sink in,
VESA
Crypto Artist, Speaker, Consultant, Writer
All links to physical, NFTs, and more below
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