@atomicpoet
Its easy to dismiss this as just another unsuccessful #exitScam (aka pumpAndDump or ponzi) but there was much more to this story and we were vocal about it is 2021.
NFT was a #moneyLaundering operation common in the #art world, and a #distraction. In that sense NFT was a raging success. Even on fedi #influencers used #NFT to distract from and malign the non-political sound money #bitcoin.
In 2020, #twitBuyer tried to distract young people with #MemeCoin. That too seems successful.
Areas of the Apurinã territory in the Lower Seruini area, in southern Amazonas state, were sold by Nemus under an NFT project that promises to preserve the forest and generate carbon credits.
The reporters found 1,482 areas in the Apurinã Indigenous land registered as NFTs, which are digital certificates of ownership of unique (non-fungible) assets such as works of art, collectibles or properties. In this case, buyers make virtual purchases of plots in the territory, which they can sell to others anytime. It works like a stock exchange. NFT prices vary according to the prices of encrypted virtual money — cryptocurrencies — and the value of the environmental asset that is supposed to be contributing to preserve the forest. At least 665 clients purchased forest land plots and continue trading them as NFTs on specialized platforms.
According to Nemus, NFT holders can navigate the area they acquired and detect wildlife or environmental threats, monitoring and auditing the conservation of the area.
Nemus’ businesses are associated with European investors and ASF BRAZIL LTD, a London-based holding company founded by Italian businessman Maurizio Totta. In Brazil, Totta is a partner of Pedro Ruhs da Silva and Flávio Meira Penna, who appear as owners of Nemus and other companies in partnership with ASF. The group’s main investments in the Amazon are focused on timber extraction, with the recovery of bankrupt or indebted companies.
In an interview on American TV in the Break It Down Show, Nemus’ founder Meira Penna said the Indigenous people “are sort of like squatters” in the areas acquired by Nemus, but he stated that “they’ll live there forever” and “they will jump to the digital world very quickly.”
In the video, which can be seen in full on YouTube, the businessman details his NFT project in the area claimed by the Indigenous people. The deal is meant to raise up to $5 million, with NFTs selling for $150-$51,000. With that money, Nemus would buy more areas in the region to launch more NFTs, as explained in the video.
In addition to Manasa, Meira Penna also acquired a timber company, Laminados Triunfo, in Acre state and exported the product to the U.S. In April, the company was the target of a “timber laundering” investigation by the Brazilian Institute of the Environment and Renewable Natural Resources (IBAMA).
ILO Convention 169 provides for the right to consultation on any project that interferes with Indigenous lands. Regardless of whether or not the territory has already been officially recognized, the entire recognized Indigenous community must be aware of what is being proposed and has the right to approve the project or not. The matter must be discussed internally by the Indigenous people, with the adoption of a consultation protocol that allows everyone in the territory to have access to information about the projects.
To the Prosecution Service, Nemus said the property was not on “actually demarcated Indigenous land,” and therefore the company’s understanding was that “no article of ILO 169 convention on consultation applies.”
In the same document from August 2022, Nemus said it was not yet developing economic activities in the area. However, at the time, the company had already launched its NFTs on the market, for which sales began in March 2022.
WHY?!? Did we really need a second season of the NFT anime?!?
Like, at least Red Ape Family was so horrible it made you feel something, even if that something was despair for the fate of humanity. Shinobanai! CryptoNinja Sakuya only has a slight ear worm for a theme song going for it. That's it! It's otherwise such an extremely boring short form anime.
I guess the limited special NFTs sold at the end of each episode must be making some grifter bank somewhere...
Okay this will sound strange but hear me out: I need help understanding how NFT sales work for an essay on this anime. I am trying to understand how much the end cards for the anime sold for (if at all).
Does anyone here actually know how to read these pages on OpenSea who could help me?
Hier ein Versuch der #ThreadOfThreads-Idee: Je einen 🧵 für Englisch und Deutsch über jeden meiner Fediverse-Threads.
Initial starte ich mit der Liste der #Top10 meistgelesenen Artikel von mir. Viel Spass beim #FeiertagsLesen!
🔟 Nicht wirklich «Responsible Disclosure»: Die Extraportion Spam über die Festtage (2023-12)
Noch keine zwei Tage alt und schafft es schon in die #TopTen, wow!
9️⃣ Frauenfussball-NFT: Doppelt falsch macht es nicht besser (2023-07)
Zur Fussball-WM der Frauen bringt die #CreditSuisse ihre erste #NFT-Kollektion auf den Markt. Nur dass sie keine der Haupteigenschaften von NFTs aufweisen. Und auch NFTs nicht das sind, was sie vorgeben.
#FairyTaleTuesday: The #pooka attacked most often after #Samhain, when winter began, and was thought by some to be the cause of plants’ blighting in that season. In its horse form, it would take its victims on a wild ride, flying through the air in terrifying fashion and leaving the unfortunate rider far from where he started.
Source: P. Monaghan Encyclopedia of #Celtic #Mythology and #Folklore
/
RT @Jonafarhat
"The Pooka" #NFT for sale @OmgDrops
Link to buy... https://omgdrops.com/jonafarhat/the-pooka_ntqrNIBEm9/
Stylus Painting by Jon Anthony Farhat. The Pooka is a goblin fairy from Celtic folklore of Ireland. A Pooka can take the form of any animal or human, but most often seen as a horse or bull.
In 2021 the future of #art was going to lie in Non-Fungible Tokens as the art-medium collectors would now focus on... hyped of course by the same crowd that brought you #crypto currencies (hello Sam B-F).
in August 2021 alone sales of #NFT reached $2.8bn.
However in July 2023, trading of NFTs was down to 3% of that total ($80mn).
More interestingly a recent study estimates that of the 73k NFT collections, 70k of them are essentially worthless.
Well, I was going to post a link over from BlueSky, but now I see that Mastodon is all over the bored apes (#NFT, #Cryptocurrency bullshit) “concert” where they blinded a bunch of people
#TheGrifters came out after a (not "the) #SavingsAndLoan (manufactured) crisis and used that indirectly in its depiction of greed and the "conned".
It's relevant in this world of #BernieMadoff, #crypto and #NFT's, #Enron, #StockMarkets, #TooBigToFail, all the other cons and con artists we know and acknowledge as such, and all those very many others that are still considered legitimate.
As history proves, the bigger the con, the more people believe and want to get taken...
Habt ihr noch NFTs rumliegen, die nichts mehr wert sind? 🤔 Dann könntet ihr diese noch schnell bei #Kaufland gegen einen 10-Euro-Einkaufsgutschein eintauschen! 😆
Company sells Indigenous land in Amazonas as NFTs without community’s knowledge (news.mongabay.com)
Areas of the Apurinã territory in the Lower Seruini area, in southern Amazonas state, were sold by Nemus under an NFT project that promises to preserve the forest and generate carbon credits.