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Wikimedia community supports proposal to stop foundation from accepting crypto donations

Requests for comments on a proposal urging the Wikimedia Foundation to stop accepting donations in cryptocurrency have closed, with the majority of users voting in favor.According to a Tuesday update on the proposal, roughly 71%, or 232 out of 326, Wikimedia contributors who responded requested that the Wikimedia Foundation — the nonprofit that hosts Wikipedia — stop accepting cryptocurrency donations. The arguments in favor of the proposition included environmental concerns surrounding Bitcoin (BTC) transactions and “the risk to the movement’s reputation for accepting cryptocurrencies.”The community first opened the proposal to comment on Jan. 10, expanding the discussion to include topics like El Salvador adopting BTC as legal tender, crypto as a tool for illicit financial activities, and digital assets’ role in financial inclusion. However, the majority of the topics seemed to focus on the energy usage and potential environmental impact of cryptocurrencies.“Cryptocurrencies may not align with the Wikimedia Foundation’s commitment to environmental sustainability,” said the original proposal. “Bitcoin and Ethereum are the two most highly-used cryptocurrencies, and are both proof-of-work, using an enormous amount of energy […] the current models continue to be extremely damaging to the environment. While there are eco-friendlier cryptocurrencies, they are less widely-used.”Among those arguments in opposition of the proposal included proof-of-stake cryptocurrencies that are “way less energy-intensive” and using tokens to provide “safer ways to donate and engage in finance for people in oppressive countries.” One user cited the Ukrainian government accepting crypto donations as an argument against the technology carrying a bad reputation.“Crypto should remain an option for Wikimedia to accept donation,” said user C933103 on March 14. “Wikimedia is accepting donations in crypto not giving crypto out. If a country’s law banned donation to [the Wikimedia Foundation, or WMF] through banks then it is the country in the wrong not WMF. Accepting donations instead of giving them out also mean it won’t be used to facilitate any new economic activities that could be target of sanction or be funding other illegal activities, as all the received currency will immediately be converted to fiat currency in WMF’s account.”what’s that rumbling noise in the distance, slowly growing louder, you ask?it is the stampede of crypto zealots who have never once donated to the wikimedia foundation, shouting “guess i’ll take my money elsewhere!”— Molly White (@molly0xFFF) April 13, 2022However, Wikimedia contributor TrueAnonyman supported the proposition, adding:“The financial effect of no longer accepting crypto donations would be minimal, and far outweighed by the reputational harm to the Wikimedia project of being seen to endorse a technology so strongly tied to various environmental and social harms.” Related: Wiki continues to accept crypto donations despite pressure to stopThe foundation reported in January it received roughly $130,000 worth of crypto donations in the last financial year, roughly 0.08% of its revenue. Bitcoin was the most used cryptocurrency among the 347 individuals who donated, but the nonprofit also accepts Ether (ETH) and Bitcoin Cash (BCH).

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'Art emergency': Wikipedia editors vote against classifying NFTs as art

A group of editors on Wikipedia, the free user generated encyclopedia, have voted against classifying NFTs as a form of art and have come to a consensus to shelve the issue until a later date. A survey and debate started on the platform at the end of December revolving around the most expensive art sales by living artists and whether NFT art sales should be deemed as “art sales” or “NFT sales.” “Wikipedia really can’t be in the business of deciding what counts as art or not, which is why putting NFTs, art or not, in their own list makes things a lot simpler,” editor “jonas” wrote. Much of the discussion centered on whether an NFT represented the art or if it was simply a token that was separate to the underlying art. The editors were torn on the definitions and some felt that there was a lack of reliable information to conclude from. A call for votes found five editors opposed to including NFTs in art sales and just one in support. A consensus was made on Jan. 12 to remove sales such as Pak’s NFT collection that fetched $91 million and Beeple’s $69 million NFT from the top art sales list, and re-open the discussion at a later date.The decision seems contentious when looking at Beeple’s NFT “Everydays: The First 5000 Days” in particular, which depicts a collage of original artworks from a renowned digital artist that sold at the prestigious Christie’s art auction house last year in March. The New York Times also described Beeple as the “third highest selling artist” alive at the time. According to Wikipedia’s guidelines, neither unaminty or a vote is required to form a consensus. To reach a decision, the consensus must factor in all participating editor’s legitimate concerns that fall within the platform’s policies. What do Wikipedia editors know anyway?However, the consensus position didn’t go down well with the sole NFT supporting editor “Pmmccurdy” who argued: “How can we have a consensus when, from the start, I have argued in support of including NFTs on this list. The overwhelming evidence from secondary sources places NFT art as art and thus worthy of inclusion on this list.”“If we agree Beeple and Pak are artists, why would their sales not count on this list? I don’t understand the logic here,” they added. Editor “SiliconRed” responded that the consensus they were reading was that: “NFTs should be removed from this list for now with the intention to re-open discussion at a later date. To my understanding, this incorporates all concerns, including yours.” Related: Wiki contributors want to drop crypto donations over environmental concernsNFT proponents such as Nifty Gateway co-founder Griffin Cock Foster were irked by the issue, noting on Twitter earlier today that: “This is pretty messed up to see – Wikipedia mods are trying to say that *no* NFT can be art — as in, if it’s an NFT, it can’t be classified as art.”Foster’s twin brother Duncan also chimed in, labeling it an “Art Emergency” as he called the community into action via a post that was re-tweeted by Gemini co-founder Tyler Winklevoss. “Wikipedia works off of precedent. If NFTs are classified as ‘not art’ on this page, then they will be classified as ‘not art’ on the rest of Wikipedia. Wikipedia is the global source of truth for many around the world. The stakes couldn’t be higher!” he said Art Emergency!! There is a debate happening rn on @Wikipedia that has the potential to * officially categorize NFTs as ‘not art’ on all of Wikipedia. *Wikipedia is a global source of truth. Having NFTs categorized as ‘not art’ would be a disaster!:— Duncan Cock Foster (@DCCockFoster) January 12, 2022Everipedia, a decentralized Web3 equivalent of Wikipedia, responded to the platform by comparing its approach to NFTs and art: “Everipedia editors have created over 100 pages on #NFT collections while Wikipedia is moving to mark NFTs as “not art” across their platform. It’s time for NFT projects to move to Everipedia $IQ, a Web 3.0 encyclopedia which supports art and innovation.”This isn’t the first time Wikipedia has had issues with reporting crypto-related information. Cointelegraph reported in September 2020 that anti-crypto activist and senior Wikipedia editor David Gerard helped remove an entry relating to Australian blockchain software firm Power Ledger. Gerard stated the post was deleted on the “basis of being a pile of press-release churnalism, and the only genuine press coverage was about how Power Ledger was a scam,” despite the entry being sourced from reputable publications such as TechCrunch and The Economic Times.

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First Wikipedia edit NFT sells at Christie’s for $750K

After celebrating its 20th anniversary in January, the free Internet encyclopedia Wikipedia continues making history by selling its first nonfungible token (NFT) via auction giant Christie’s.On Dec. 15, Christie’s completed an auction of two Wikipedia-related objects directly from Wikipedia co-founder Jimmy Wales.Titled The Birth of Wikipedia, the online sale included two lots, an NFT of Wikipedia’s first edit, which sold for $750,000, and a Strawberry iMac used by Wales to create Wikipedia, sold for $187,500.Source: Christie’sThe NFT lot features the first message posted on Wikipedia by the site’s co-founder back in 2001, marking a unique moment in the history of the internet: Wales typed the words “Hello, World!” after launching the site on Jan. 15, 2001.The NFT preserves the layout of the Wikipedia home page in 2001, based on the earliest surviving source code. The NFT also has a feature that allows the owner to edit the page, which can be reset with a timer to revert to its original state.Christie’s senior specialist Peter Klarnet said that the auction’s result “underscores the burgeoning interest in the history of the internet among collectors.” According to the auction house, ​​Wikipedia will use a part of the sale proceeds to support Wales’ alternative social media network pilot project WT.Social.Related: Sotheby’s Metaverse announces latest and largest NFT charity auctionOne of the world’s largest auction houses, Christie’s moved into the NFT industry in early 2021, announcing the auction of its first-ever “purely digital work of art” by digital artist Beeple in February. Beeple’s NFT piece “Everydays: The First 5000 Days” sold for more than $69 million in March, emerging as one of the world’s most expensive NFTs.

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