Bitcoin & Crypto & NFT News
#Artist #Sollog claims #Opensea stole his #Art
Bt Staff of 247 News
OPENSEA GASLESS MINTING THIEVES
Opensea is STEALING aRT
I’m in numerous #Museums
— Sollog (@sollog) April 30, 2021
A major artist that shattered all records in the Art World when a Crypto Fund acquired one of his most famous artworks for $1 Billion Dollars, is publicly accusing Opensea and it’s founder of ART THEFT.
The artist is known as SOLLOG
Famous for being a modern Nostradamus type seer who formed the world’s fastest growing religion and whose site has more traffic than more known artist names such as Hirst and Hockney and more traffic than most museums, has warned on Twitter that Opensea is using Ethereum and sites like Rarible to take credit for his new $2.5 Billion Dollar Art Project.
The Project is Crypto Gods App.
Recent transfers of the rarest Crypto Gods that are worth $10 Million each are now listed on sites like Rarible as belonging to a Opensea Collection and not to the $2.5 Billion Collection Project Sollog created.
The artwork that was sold to a mega billion dollar crypto fund now shows
Owner NFT Fund
Collection Opensea Store
The real collection is
There are only 9 Crypto Gods created by SOLLOG who has six case cites in the US Supreme Court.
He loves to sue and will go all the way to the Supreme Court if he thinks he was wronged.
Why is this a big deal?
NFT Art Tokens are supposed to prove provenance in the art World.
Ethereum created the protocol that art tokens known as NFTs use.
Opensea is the main market for Art Tokens.
Crypto Gods App were created in a limited amount using a tiered Minting state.
There are 9 Crypto Gods so only 9 first state mints exist, they are called 1/1 or unique very rare Tokens, like Beeples 1/1 that sold for $69 Million at a Christie’s Auction.
In the past Artists created an Original then did a first run limited litho or giclee print of usually 10 copies.
Then 100 print runs might be made and even 1,000 print runs.
That is the Crypto God formula.
1/1 9 exist
Crypto Punks now sell for $50k for commons and $10 million for the rarest punks.
Crypto Punks are a collection or series.
Crypto Gods are a collection or a series.
This is a big deal, since the whole claim to fame of NFTs is provenance, Opensea is a store, it didn’t even sell the art, SOLLOG having so much traffic sells art in his stores and also thru new auction sites and it is used to fuel new social crypto coins.
Users earn social crypto using new sites that pay users for using their network.
Well, Ethereum puts information about who created the art, who it is sold to, how much if ETH is used, etc. It appears Opensea has found a weakness in the ETH block chain jumping collection information.
Art from a Collection Brand upon change of ownership records the Art from Opensea Collection not the rightful collection created by the artist.
Looking at original works on Opensea showing Sollog created art in the Crypto God App Collection still for sale, then following the sold artworks into secondary markets such as Rarible , it’s easy to see Opensea has fudged the supposedly unfudgeible Non Fungible Token or NFT and stolen Collection Attribution Rights.
If it’s not fixed immediately, the whole NFT industry could collapse as well as the value of Ethereum.
NFTs was the first big real world use of ETH smart contracts.
This is a major flaw in Ethereum smart contracts, they know appear to be quite dumb.