It was the slap heard around the globe.
The Academy Awards has left many fans confused and dismayed over the past few years. They have either announced the wrong film as the winner, or simply been plain boring.
This year is another mind-boggling mess.
After Jada Pinkett Smith, Will Smith made an offensive comment about Chris Rock’s wife, Will Smith, Will Smith was forced to slap Chris Rock live on TV.
Within 24 hours of Will Smith’s public image getting tarnished through whacking Rock in his face, the cryptosphere created at least two initiatives to claim that the incident was registered on the blockchain.
Profit from the Will Smith Slap
The value of a newly created cryptocurrency, which was inspired by Will Smith’s slap at the 94th Academy Awards, has seen a huge increase in value over the day before.
The newly issued crypto assets seem to have made some decent profits, despite the absence of any correlation between cryptocurrency and the “felt” around the world.
A coin dubbed “Will Smith Inu“, (WSI/USD), began trading shortly after the Oscars on the decentralized market Uniswap UNI/USD.
The coin’s value has since plummeted. The token was up 286% as of Tuesday morning.
OpenSea also allows you to turn the Will Smith slap into an NFT collection. OpenSea user “Will Smith Slap DAO”, has sold 730 tokens at prices between $7 and $300.
Entrepreneurial NFT artist who self-identifies himself as a DAO (decentralized autonomy organization) produced 2,000 Will Smith slap NFTs – unique collectible NFTs or “non-fungible” slaps.
Rapid Response
Meme-coin producers have often benefited quickly from current trends due to the ease of creating a blockchain-based digital asset using the ERC-20 and BEP-20 token standards.
According to reports, the creator of the token made approximately 10 Ethereum or $33,000 and invested 4ETH or $13,200 in contract creation and initial liquidity.
Last year, a token inspired by Netflix Inc.’s NFLX Squid Game saw a similar rise and fall in its value. The token’s value soared 83,000%, despite being declared a hoax. However, it eventually crashed to zero.
The prices of Meme-coins Shiba Inu and Floki Inu (FLOKI), have increased substantially following Elon Musk’s tweet regarding his dog, “Floki”, which was posted by Tesla CEO Elon Musk.