Crypto degens have wasted no time after the passing of Queen Elizabeth II, flooding the crypto market with more than 40 new Queen-related meme tokens, and hundreds of new nonfungible tokens (NFTs) in the same vein.
New tokens launched on decentralized exchanges on the BNB Smart Chain and Ethereum over the past 24 hours include names such as Queen Elizabeth Inu, Save the Queen, Queen, QueenDoge, London Bridge is Down and Rip Queen Elizabeth.
According to data from Dex Screener, the Queen Elizabeth Inu token on BSC-based PancakeSwap has since had the biggest price value gain over the past 24 hours, with an eye-watering 28,506% pump to $0.00008000 at the time of writing.
Its $391,000 worth of 24-hour trade volume pales in comparison to the Elizabeth token, however, which has seen $2.7 million worth of trade volume in just under 12 hours. The asset has also had a meteoric pump of 8,442% to sit at $0.059931.
It’s worth noting that both Queen Elizabeth Inu and Elizabeth have just $17,000 and $204,000 worth of liquidity behind them, indicating a lack of serious backing behind and a potential for short-lived pump and dump, similar to the infamous Squid Games token that crashed and burned in October last year.
The 135,000 strong crypto hating community r/Buttcoin has, of course, chimed in on the matter, with user woliphirl joking that they were “feeling bullish the U.K. will adopt Queen Elizabeth II Commemorate token as their national currency in the coming weeks.”
This came in response to a screen-grabbed photo from a post in the r/cryptocurrency community that was commenting on how embarrassing this looks for the crypto industry as a whole.
Over on NFT marketplace OpenSea, the RIP Queen Elizabeth project has also sprouted up within hours of the queen passing away.
There are 520 NFTs in the collection, with each token featuring artistic renditions of the queen with sinister undertones. It appears collectors have not jumped behind the project as of yet, as it has generated just 0.06 Ether (ETH) worth of sale volume worth roughly $101.
The amount of NFTs in the collection seems to suggest that the project’s creator was waiting for the right moment to launch the collection.
The crypto community is having a field day mocking a new Celsius-themed Monopoly board game named “Celsiusopoly,” which has emerged on a United States-based online e-commerce marketplace.
The announcement of the Celsius-themed board game came from the marketplace’s head of sales and partnerships, Stephanie Martin, who said the planning and production of the Monopoly spin-off came on the back of “months and months” of hard work.
According to the marketplace’s website, the Celsiusopoly board game is selling for $99.00, and some sales have reportedly already been made.
However, the ill-timed release of the board game has seen the crypto community relentlessly mocking the crypto-lender-themed product, with one Twitter user questioning:
“Who actually thought this would be a good idea... ? You have no respect for all people that lost their life or are in deep financial hardship cause of Celsius.”
Meanwhile, others argue that sales of the board game should be used to “make depositors whole,” and another user jokingly questioned whether the “go to jail” card will only apply to Celsius’ CEO.
The Celsiusopoly board game has the Celsius logo centered in the middle of the board, with a “Do good. Then do well” slogan beneath, which appears to be in reference to a January 2021 tweet from Alex Mashinsky, the founder and CEO of the Celsius network.
In addition to the Celsius-themed game board, box, and play money, the game also features themed rewards and interest, property, customer care, compliance, loan and development cards, along with an instruction manual and a die.
Images of the purported board game do not appear to include any branding from Hasbro Gaming, suggesting the game may not be an official Monopoly board game.
The cryptocurrency lending platform recently filed to reopen withdrawals for a minority of customers, with a motion for $50 million worth of the total $225 million held in the Custody Program and Withhold Accounts set to be released to owners.
While shipping of the new Celsius-themed Monopoly board game is free for U.S.-based residents, there aren’t any returns available for unsatisfied customers.
A Cointelegraph journalist's attempt at purchasing the board game on the marketplace appears to go through, suggesting this could be a real product that people can purchase.
American car manufacturer Ford Motor Company is the latest car brand prepping its entry into the world of non-fungible tokens (NFTs) and the Metaverse — filing 19 trademark applications across its major car brands.
United States Patent and Trade Office (USPTO) licensed trademark attorney Mike Kondoudis revealed in a Sept. 7 tweet that the company had filed a total of 19 trademark applications covering its car brands, including Mustang, Bronco, Lincoln, Explorer, and F-150 Lightning, among others.
The trademark applications cover virtual cars, trucks, vans, SUVs and clothing, for its brands and also cover a proposed online marketplace for NFTs.
According to USPTO documents filed by Ford on Sept. 2, the car manufacturer plans to create downloadable artwork, text, audio, and video featuring its cars, SUVs, trucks, and vans which will be authenticated by NFTs.
The company also revealed plans for “downloadable virtual goods” namely “computer programs” featuring vehicle parts and accessories and clothing for use in “online virtual worlds” including online trade shows conducted in virtual reality and augmented reality.
There are also intentions to create a marketplace to promote the “digital artwork of others” through a website, along with “online retail store services featuring non-fungible tokens (NFTs) and digital collectibles.”
Ford’s decision to enter into the Web3 space comes less than a month after Ford Executive Chairman Bill Ford and CEO Jim Farley announced massive staff cuts from its global workforce to reduce company expenditure.
Ford is not the first car company to make a move into the Metaverse space.
Automobile companies like Nissan, Toyota, and Hyundai have announced plans to expand into the rapidly growing Metaverse space, while luxury car manufacturers such as Bentley and Lamborghini have already rolled out NFT collections.
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