Bored Ape NFT, which Justin Bieber purchased for USD $1.3 million (AUD $1.9 million or £1.09 million), is currently valued about USD $67,000 (AUD $99,910 or £56,310).
The Yacht is Sinking
This year, NFTs were all the rage, and the wealthiest people in the world bought them everywhere. They are simply a digital piece of material that the owner can hold and stand for non-fungible tokens.
But today, according to the OpenSea marketplace, Bieber’s Bored Ape Yacht Club NFT is currently valued at roughly USD $67,340.
And it appears like the yacht—I mean, ship—is still going down.
The once-popular NFTs have decreased by 33% since the beginning of November, according to Decrypt.
After the collapse of the largest cryptocurrency exchange, FTX, owing to a liquidity problem, which decreased crypto prices and, in turn, caused Bored Ape Yacht Club to decline, the values of NFTs are now falling.
Business Insider reports that in April, the value of Bored Ape Yacht Club NFTs was approximately USD $429,999 (AUD $642,989 or £362,521) before the cryptocurrency market crashed quickly.
In other words, it appears that before the year is over, Bieber will need to release another collection of holiday music.
But according to Forbes, Bored Ape Yacht Club isn’t the only NFT that’s losing ground; DeGods prices have dropped by 68%, CryptoPunks’ by 37%, and DeGods’ by 66%.
But why is cryptocurrency falling apart so swiftly in front of our very eyes?
The absence of a regulatory framework that safeguards investors, according to Stephen Diehl, co-founder of the Center for Emerging Technology Policy and co-author of the recently released book Popping the Crypto Bubble.
He stated to MSNBC that cryptocurrency exchanges trade uncontrolled financial assets, such as crypto tokens, rather than regulated financial goods like stocks or bonds.
And unlike the majority of other items on the market, these tokens are not as heavily regulated.
“The absence of regulation of these products is to blame for many of the issues that resulted from the recent crisis.”
“This was one of the most respectable businesses in the entire crypto ecosystem,” he added of the FTX crash. In 48 hours, it blew up. Even though I frequently check at this stuff, I’ve never seen a week like this in the markets.
Kevin Feige verified the information about Thanos resetting the cosmos in an interview with Entertainment Weekly (via UNILAD). Yet we’re not grumbling about it. Official confirmation of Tom Holland’s participation in Spider-Man 4 has come from Kevin Feige, president of the Marvel Cinematic Universe. With that in mind, fans and viewers of the MCU have been relieved about the news while also being eager for more of the iconic superhero!
Making Headlines
Spider-Man: No Way Home, Tom Holland’s final performance, was released in 2021 and was absolutely fantastic. Feige said, probably in reference to Spider-Man 4 and No Way Home, “We were all treating (No Way Home) as the end of a franchise. If we were fortunate enough to explore these characters once more, we believe you would see a completely different version. If we had anything to say about it, this would be huge news!
A Surprising Return
This is significant news since when Holland finished his first trilogy with the critically acclaimed and financially successful Spider-Man: No Way Home, the future of his Spider-Man tenure was in some doubt. A multiverse-spanning, multiple Spider-Man-starring epic, that movie was an incredible smash hit, grossing more than $1 billion worldwide (the first cinematic release to do so), and energizing fans with the reunion of both Toby Maguire and Andrew Garfield in their respective forms as Peter Parker.
Spider-Man 4’s narrative or release date remain unknown at this time, but the tiny symbiote fragment still present in the MCU may have a significant impact. Naturally, Spider-Man won’t miss out on Avengers Secret Wars, Marvel’s upcoming major event, which is set to take place in 2026. Yet another huge announcement that we’re all waiting for and something that we can look forward to, hopefully we can get our money’s worth when a new movie comes out!
The next Frankenstein film that Academy Award-winning director Guillermo del Toro is working on is now casting, and the cast is reported to include some of the most promising young actors. And now, Oscar Isaac, Andrew, Garfield, and Mia Goth are in conversations About Guillermo Del Toro’s Frankenstein.
A Starting Headline
There is not much information available about the movie, and del Toro’s creative direction is kept under wraps. According to a source close to the project, del Toro is currently revising the script, and no actors have received official offers. Yet, according to insiders, all three have met with him and have agreed to star.
Fresh Off Another
Pinocchio, directed by Guillermo del Toro, was a huge success for Netflix. It received positive reviews from critics and won numerous prizes for Best Animated Feature, including one at the 95th Academy Awards this year. He also won Best Picture in 2018 for his The Shape of Water, a horror-inspired movie. Frankenstein, directed by Guillermo del Toro, will debut on Netflix.
Del Toro has been working on his Frankenstein idea for a while. He has always wanted to make a film based on the well-known Mary Shelley tale. It is unknown if his rendition would be a period piece or take place in the present. It’s unclear who would play Dr. Frankenstein or his creation; Goth is rumored to play the doctor’s love interest. Del Toro already seems to be assembling a cast that is as hot as any in town, even in its early stages. In addition to his Emmy-nominated work in the Marvel limited series Moon Knight and HBO’s Scenes from a Marriage, Isaac is still quite active.
Whoopi Goldberg recently got into some trouble after calling the Romani people an insensitive name during an episode of The View.
“Wokeness” is complicated
The actor-turned-talk show host claimed during a discussion about the late President Donald Trump that his fans believed he was ‘gypped’ in the 2020 election.
Unbeknownst to Goldberg, the phrase “gypped,” which meaning “to rip someone off,” is probably originated from the word “gypsy,” an insult used to designate the nomadic Romani people, according to Merriam-Webster.
Social media users reacted angrily to Goldberg’s usage of the phrase as a result.
"The View" co-host Whoopi Goldberg used the term "gypped"–a slur for gypsies–while discussing former President Donald Trump. pic.twitter.com/iJcmQuKFHm
Whoopi Goldberg’s apology is well-deserved, according to one user. “Gypsies are a real class of people with their own unique hardships, and they are most often stereotyped by ignorant pretentious entitled elitists individuals like Whoopi Goldberg, and it shows,” the user added.
“I don’t know how many more’slip ups’ by Whoopi need to be done before the ABC Network takes a position,” a second stated. “I’m not even sure why The View is still there given the nonsense they’ve said and done. I guess they condone it to let it to continue.”
Shortly after the show aired, The View’s official Twitter account published an apologetic video in response to people criticizing the presenter.
You know, when you get to a certain age, you start using words you remember saying or knowing from when you were a kid. That’s what I did today, and I shouldn’t have.
“I should have thought about it a little longer before I said it, but I didn’t, and I should have said ‘cheated,’ but I used another word. And I’m really, very sorry,” the 67-year-old actor continued.
She apologized, trying not to smile as she said.
She received harsh criticism for her apology as a result.
“Don’t trust her. She’s lying yet again. She meant precisely what she stated,” one user commented.
Some social media users also noted that they were unaware that the term “gypped,” or the incorrect spelling “jipped,” was insulting.
In 2013, University of Texas at Austin professor Ian Hancock, whose Romani parents were born in Britain, described how the phrase affects people of Romani heritage to NPR.
Many frequently claim to him that they were unaware that the word “gypped” had anything to do with gypsies or that it is insulting, especially when the word is spoken rather than read, he added.
“That’s okay. You didn’t know but now you do. So stop using it. That may mean nothing to you, but when we hear it, it still hurts,” is my reply to them.
So there you have it.
Baby boomers who are ranting on social media about how the ‘awake’ world has gone insane, take note: it is no longer appropriate to compare Romani people to liars, cheaters, and thieves.
When you’re more than willing to hurt their feelings, don’t whine about how “wokeness” has wounded your feelings.