NFT collection price plunges as creator's racist cartoons circulate

Jungle Freaks non-fungible (NFT) token collection lost around 80% of its market value overnight after a series of racist cartoons drawn b...



Jungle Freaks non-fungible (NFT) token collection lost around 80% of its market value overnight after a series of racist cartoons drawn by one of its creators circulated on social networks. The project is the brainchild of famous Hustler magazine designer George Trosley and is organized by his son George III Trosley.

Many NFT auction attendees expressed dismay after Trosley’s offensive artwork was revealed. Same the Lord of the Rings actor Elijah Wood, who recently showed public interest in collecting various NFTs, responded, saying: “I’ve been made aware of some of the artist’s previous disturbing cartoons. Upon hearing this, I immediately sold the NFTs because I totally denounce any form of racism. I donated the funds from the sale of the NFT to LDF and Black Lives Matter. “

Elder Trosley later tweeted what some believed amounted to a no-excuse, stating:

“The illustrations I was commissioned to draw, some over 40 years ago, were taken out of context, as today’s generation may not understand what was going on in journalism and in the media. world while I was at Hustler magazine. “

His son noted separately: “My dad told me how ashamed he was about the cartoons that many saw. This project and the NFT space as a whole allowed my father to redeem himself. This community, from day one, has been focused on inclusiveness.

Twitter user and self-proclaimed Person of Color, or POC, Ricefarmer.eth tweeted:

“I blocked over 50 accounts today, some of which are my own subscribers. As a POC, I will not support anyone to defend the Jungle Freaks and their behavior.

This isn’t the first time in recent months that an NFT project has faced backlash for offensive content. In June, a project known as Misfit University caught the attention of domestic violence survivors when it published an NFT series featuring avatars with duct tape over their mouths. The creators of the project finally apologized and bought the offending assets from the affected users.

Even the NFT OpenSea marketplace has not escaped controversy, although it is of a different kind. In September, the company confirmed that one of the its product leads benefited from insider trading. Nate Chastain bought eleven NFTs that he knew would be featured on the Marketplace homepage and offloaded them with a big profit once they were in place. OpenSea conducted an investigation and Chastain subsequently resigned.