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The Simpsons Parodies NFTs in Latest Episode: Other Updates in the NFT World

Algoine News
Summary:
The Simpsons TV show humorously satirizes non-fungible tokens (NFTs) in a recent Halloween special. Despite being a topic of mockery, the episode sparked positive reactions from the NFT community and further marketing opportunities. Other updates in the NFT ecosystem include the resignation of Yuga Labs' social lead due to resurfaced anti-semitic tweets, Yuga Labs' legal victory in a copyright infringement case, and signs of recovery in NFT market sales after a sustained downturn.
In the latest Halloween special of the popular animated TV show The Simpsons, non-fungible tokens (NFTs) are hilariously parodied in a segment dubbed “Wild Barts Can’t Be Token.” Homer, one of the show's characters, unintentionally mints his son, Bart, on the blockchain, sparking a series of scenes mockingly aimed at NFTs. They even make playful references to the Bored Ape Yacht Club, Doodles, and digital artist Beeple. The show's narrative humorously underscored the speculative aspect of NFTs and how much of the excitement surrounding them is driven by FOMO (fear of missing out). In the episode, Marge, Homer's wife, discovers Bart trapped on-chain and turns herself into an NFT. She bravely navigates a virtual train, powered by FOMO, and encounters several NFT-themed characters to save Bart. In a twist of irony, Homer also digitizes himself as an NFT, causing the train to lose power and all the NFTs' values to plummet. Homer ends the episode with his classic exclamation, “Doh!” Despite being the butt of the joke, the reaction from the NFT community on Crypto Twitter was positive, including a tweet from Beeple. The creators of The Simpsons also spoofed their own NFT collection - Golden Moments - first offered with Disney+ on VeVe. The mockery of NFTs by The Simpsons didn't discourage enthusiasts from using the episode as a marketing opportunity. Italian artist Rino Russo released a Simpsons-themed NFT collection shortly after its airing. Known as Springfield Punks, it imitates the appearance of Simpsons characters with CryptoPunks. The collection witnessed impressive sales. In other news, Shpend Sahilu, the social lead for Yuga Labs, has stepped down due to a controversy sparked by the surfacing of anti-Semitic tweets from his past. Yuga Labs, creators of Bored Ape Yacht Club and Crypto Punks, has faced accusations of promoting anti-Semitic artwork. However, the company recently won a court case brought against them over such allegations, resulting in the plaintiffs having to pay $1.6 million in damages for copyright infringement. Lastly, the NFT market appears to be recovering from its continuous decline, with data firm DappRadar reporting growth in monthly sales volumes. Despite the growth, October's total sales still fall short of the volume observed earlier in the year, particularly in March. In terms of trading volume, Ethereum-based NFTs continue to rule, while other networks like Polygon, Starkware, and Flow experienced decreases. Meanwhile, Solana's platform, despite recent setbacks, showed resilience with an increase in trading activity.

Published At

11/7/2023 6:19:55 AM

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