Cardano founder Lock horns over NFT profile picture
Cardanos Charles Hoskinson stirred up for controversy again when he changed his Twitter profile picture to a replica of a Cardano NFT that featured a drawing of himself.
This time, Hoskinson was locked in a verbal battle with the CEO of major Cardano NFT marketplace JPGstore, Blakelock Brown, who insisted that Hoskinson should have bought a real NFT and set an example for the NFT industry.
In response, the IOHK founder refused to buy NFT or sign any contract.
“I don’t think Blake gets my broader point about contractual relationships and buyer rights,” Hoskinson tweeted.
He then said that an NFT is the same as a lithograph and a painting.
It’s worth noting that the NFT Hoskinson used as his profile picture the day before cost 10,000 ADA, or $2,700.
The Cardano founder began receiving flak after justifying right-clicking and saving the image because he liked it and that the owner of the real NFT didn’t mind because the action, according to him, increased the value of the digital collectible.
He ended his tweets by saying he had a cool profile picture and had saved money at the end.
Outside of the crypto community, there has been considerable discussion about right-clicking and saving NFTs as an image, which seems to invalidate the idea of NFTs altogether.
That said, last December, Cardano-based NFT sales surged more than 30% above the daily index. The joint image of Hoskinson and hip-hop legend Snoop Dogg was probably the catalyst for such a significant change.
Cardano NFTs collect Steam
Overall, the Cardano ecosystem has witnessed rapid growth in the world of Web3 and non-fungible tokens. The blockchain is slowly becoming a go-to platform for various players to launch their unique digital collectibles.
The Layer-1 protocol has recently gained momentum for NFT projects. The floor price of The Ape Society’s NFTs, Cardano’s largest NFT project, reached a record high of 10,000 ADA, indicating strong user demand.
It is interesting to note that demand for ADA Ape has also increased recently, further pushing prices up. According to the latest information from wab.eth, Cardano sold Ape Francisque for a staggering $250,000, directly competing with the extremely well-liked Bored Ape NFTs.
It is exciting that such a development occurred at a time when market sentiment is bearish.
