Autor Cointelegraph By Surajdeep Singh

Buy high, sell high: Custom pipe-maker to Snoop Dogg and Santana tokenizes bongs

Las Vegas-based glass pipe maker to the stars Jerome Baker Designs will launch a series of bong-related NFTs tied to corresponding physical assets early next month.The NFTs, on FDCTech’s Ethereum-based platform, depict the unique glassblowing process for each bong and come with additional unique benefits. They are due to drop on Super Bowl Sunday (Feb. 13) and the corresponding physical bongs will be auctioned off at Superchief Gallery. Jerome Baker Designs Founder and President Jason Harris is considered to be one of the top ten glassblowers in the world, according to smoking products marketplace SLX.He founded the business in the early 1990s and has built custom-made pieces for celebrities such as Snoop Dogg, George Clooney, Grateful Dead, Santana and Rita Marley.He told Cointelegraph he is excited to step into the world of crypto-driven digital art. “As an artist, we need a certificate of authenticity to connect to the art. NFTs act as a certificate of authenticity and create value and legacy.”According to Harris, while other forms of art like sculptures can be bronzed and paintings replicated or copied, glassblowing is a one-time effort that cannot be replicated. “You will have a documented experience of the creation of that artwork and in that lay the magic. It’s like buying a pair of Jordans. If you ever want to sell them, you might need the packaging in perfect condition. The NFT acts as a certificate of authentication and the artwork acts as the package.” An early concept behind the NFT collection: Jerome Baker DesignsHarris said the five bong NFTs to launch on Super Bowl Sunday will be in line with his Burnt Orange collection, a collection of translucent bright orange glass bongs. Those who own a bong NFT will receive real world benefits such as glassblowing classes and a visit to the Las Vegas Dream Factory (Jerome Baker Designs Headquarters). Related: PayPal reportedly confirms plans to explore the launch of a stablecoinThis is not Jerome Baker Designs first foray into blockchain and the studio has been accepting Bitcoin since 2012. Harris believes that the global population will soon jump on the bandwagon and accept the crypto asset for payments. The company plans on accepting Ethereum payments shortly.

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Mozilla backflips on accepting crypto after ‘planet incinerating’ backlash

The Mozilla Foundation has put cryptocurrency donations on hold following a community backlash sparked by trenchant criticism from co-founder Jamie Zawinski.Last week the development company behind the Firefox browser tweeted an appeal for donations in cryptocurrency.But earlier today, Mozilla announced it had paused crypto donations due to the online discussion around crypto’s environmental impact. Last week, we tweeted a reminder that Mozilla accepts cryptocurrency donations. This led to an important discussion about cryptocurrency’s environmental impact. We’re listening, and taking action. 1/4— Mozilla (@mozilla) January 6, 2022Mozilla said it will continue to explore decentralized web technology, but will only resume crypto donations if it fits with their climate goals. It said that in the spirit of open source, Mozilla will be transparent in the review process and share constant updates. The drama began on Dec. 31st when the organization put out a call for cryptocurrency donations via the BitPay platform.The non-profit’s post attracted the disapproval of some members of its community, including Mozilla co-founder Jamie Zawinski. Although he has not been associated with Mozilla since 2000 he criticized the organization in the strongest possible terms:“Everyone involved in the project should be witheringly ashamed of this decision to partner with planet-incinerating Ponzi grifters.”In a blog published on his website on Jan. 5th Zawinski further talked about the cryptocurrency industry and what he argues is its unrealistic business model. Zawinski argue the industry manufactures pollution and turns it into money. Some members of the community called for Mozilla to delete its call for donations and to spell out how accepting crypto was in line with its mission to fight the ongoing climate crisis.Twitter user Melissa (@mcbyrne) said, “Bitcoin is bad for [the] climate,” while @seglegs questioned why Mozilla was an “enabling environmental catastrophe” by supporting crypto. Some community members pointed to a company blog about the organization’s climate commitments on Jan. 21 last year in which CEO, Mitchell Baker, is quoted talking about Mozilla’s and his commitment to protecting the environment and facing the climate crisis.According to the New York Times, Bitcoin mining consumes more than 91-terawatt hours of electricity per year — nearly 0.5% of global electricity consumption annually. Mozilla is only latest high profile example to face the ire of some users after making crypto and NFT related announcements. In recent months Ubisoft, Square Enix, Kickstarter, and Discord have all faced criticism due to the environmental effects of mining and professed concerns over crypto scams and frauds.Popular video gaming company, Square Enix, faced criticism from gamers on social media when President Yosuke Matsuda showed appreciation for blockchain gaming, NFTs, and the metaverse over the weekend. Then again, money speaks louder than keyboard warriors and his comments led to a 8% gain in share price. Related: New LGBTQ token aims for equity but raises red flags with communityGaming giant Ubisoft faced harsh criticism by its users, upon announcing the launch of in-game NFTs on Dec. 7th. Despite a significant backlash, Ubisoft will continue with its initiative in the form of dynamic NFTs with Aleph.im. Also in early December Kickstarter announced plans to develop a decentralized crowdfunding platform. Some users threatened to abandon the platform owing to the environmental impact of crypto. On Nov. 9th, Discord’s CEO, Jason Citron, shared a tweet signaling the company’s intent to allow users to connect a crypto wallet with their accounts. Users expressed their concerns and talked about the amount of energy required to process blockchain transactions and the potential for money laundering and scams in crypto and NFTs.Just two days after publishing the tweet, Citron backtracked and said the company had no current plans on integrating Web 3.0 concepts and is committed to protecting its users from fraud, spam, and scam.

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