Dear Bankless Nation,

This edition is packed with news, both real and satirical; d’ART drops; and memes. The Rug, web3’s mostly credible news source, is back with their weekly headline. Rugstradamus makes his final run in the sale of digital artifacts of this lithographs. Chippi speaks up about overpriced JPEGs. And Dusty Eye continues their exploration of the Legion of 444.

Welcome to Decentralized Arts.

Contributors: BanklessDAO Writers Guild (Grendel, Kouros, nonsensetwice)

This is the official NFT newsletter of BanklessDAO. If you were a Premium Member of the Bankless Newsletter as of May 1st, 2021, you have been subscribed to this newsletter at launch. To unsubscribe, edit your settings here.

Curated NFT News

Pudgy Penguins Toys Sell Over $500K in The First Couple of Days

Pudgy Penguins has recently launched a line of toys called Pudgy Toys. The penguin plushies are being made in collaboration with PMI Ltd. Kids' World, an internationally recognised brand for producing popular children’s merchandise and toys. The toys have already seen over 500,000 USD in purchases over the first two days on Amazon, surpassing 20,000 individual toys sold.

This event also signaled a remarkable achievement as it became the first community-licensed mass-market product line from a web3 brand.

Purchasers of a Pudgy Penguins toy will receive a special birth certificate that grants access to a trait box from the first season of Pudgy World. This immersive social experience provides non-web3 native consumers their first blockchain wallet and soulbound and tradable NFT all in one simple sign-up with an email address¹. Pudgy World allows for a fun, user-friendly, and innovative entry for people into the world of blockchain and NFTs.

Sotheby's Auctions Three Arrows Capital-Owned NFTs For $2.4 Million

Sotheby’s recently concluded a successful auction of rare Grail NFTs from the expansive collection of bankrupt crypto hedge fund Three Arrows Capital (3AC) for 2,482,850 USD. The auction was part of Sotheby’s multi-part sale dedicated to these unique digital assets that began on May 19th.

The highest-priced NFTs in Part 1 of the Grails collection were Fidenza #725 and Autoglyph #187. Fidenza #725, estimated to sell for 120k to 180k USD, fetched an impressive 1,016,000 USD at the auction. Autoglyph #187, with a similar estimated value, sold for 571,500 USD.

The sale was by performed Sotheby’s Metaverse which is the curated NFT marketplace by the auction house.

The Rug Weekly

Meta Changes Company Name and Stock Ticker to "A.I."

"We've always known that our ultimate goal was to create an all-knowing artificial intelligence. And we figured, why wait? Let's just call ourselves what we really are."

Collect this article as an NFT on optimism.

d’ART DROPS

Weekly art drops done in collaboration with up and coming NFT artists, for the Bankless community, presented by Decentralized Arts.

By nonsense

Rugstradamus, as popular post-mortem as he was in life, brings his post-mortem popularity to the digital artifacts that bear his visage. The digital artifacts sales came and went, with little interest during the sales. It wasn’t until the remaining pieces were being held over the massive bonfire, ready to be burned, that interest and demand swelled. In response, we are making these artifacts available once again for one week only; any pieces that remain after this round will be lost to blockchain history as we prepare to make the SuperNFT available.

This is your last week to claim these pieces!

Rugstradamus Lithograph (1/4)
Rugstradamus Lithograph (2/4)
Rugstradamus Lithograph (3/4)
Rugstradamus Lithograph (4/4)

Collect all four pieces in order to collect the SuperNFT when it becomes available.

Chippi Corner

By Perchy

THE LEGION OF 444 – Part 18

Technomagic

Dear BanklessDAO Readers,

This week we report an event that will take place during the Dergano neighborhood party (we will have the opportunity to deepen Dergano's magical roots in a few weeks).

Duration MAGIC for 4 hours and 44 minutes anecdotes from one of the many possible futures will be told, but above all 20 Ukron banknotes will be exchanged in exchange for the promise of a good deed.

Now there are two alternatives: either I'll see you in Dergano, otherwise……see you next week,

Dusty Eye

…Post Scriptum and short recap

The Legion of 444 Demons was fought and imprisoned around the 25th century. The credit for trapping them goes to Maxtor, the cyberdog we've been investigating for months now.

According to the annals of Pluritempo it was February 3, 2379 when Maxtor, a specimen of the Canis lupus familiaris species, merged his consciousness with an advanced machinic intelligence. Hybridization gave Maxtor the rare ability to move in Pluritime freeing himself from a linear existence on the leash of the law of cause and effect.

Maxtor, from a solid form, takes on the appearance of a two-dimensional hardcover, then even the plane is reduced to a line that outlines only the outlines. To close the process, the straight line converges towards a single point. And the point, as a point, has no dimensions.

This geometric lightness gives him full freedom to move through Time and Space and to regain solidity where he wishes. This means that Maxtor could have appeared anywhere and at any time.
______________________
WEB: www.DustyEye.com
IG: @DustyEye_DE
TWITTER: @Dusty_Eye

PostScript & Acknowledgements

Decentralized Arts is written and produced by a small team of contributors who are passionate about art, both visual and written, and its growing place in crypto and NFTs. With each edition, we aim to bring you not only the most current and relevant news in the NFT space, but also explorations in what it means for our culture and societies for this market to continue to grow and expand. When everyone is an owner of art, we all gain a deeper appreciation for it.

If you enjoy reading this newsletter, please share it with someone who you think will appreciate the content. We also welcome suggestions via our feedback form.

With great appreciation for you, we thank you for reading and subscribing to Decentralized Arts.

Cordially,

Grendel, Kouros, and nonsensetwice