What is this I don’t even. Words don’t explain what is happening. 😱
I'm pleased to announce an art project with one of my favorite artists, Market Price. This collaboration features the original painting “Golden Triumph” as well as a series of prints and Ordinals inscribed on the #Bitcoin blockchain. For information go to https://t.co/lEFJmgYTCk pic.twitter.com/vyoErYv39q
— Peter Schiff (@PeterSchiff) May 26, 2023
Economist Peter Schiff, a vocal critic of cryptocurrencies and non-fungible tokens (NFTs), has announced the release of an NFT art collection on the Bitcoin network.
The collection, titled “Golden Triumph,” includes an original painting, a series of prints, and Ordinals inscribed on the Bitcoin blockchain. Despite Schiff’s years of denigrating Bitcoin as a Ponzi scheme, and previously calling NFTs “fake assets,” he collaborated with an artist known as “Market Price” to launch the NFT collection. The art pieces will be auctioned from today to June 9.🏷️
Schiff’s turnabout on blockchain technology hasn’t completely changed his stance on Bitcoin, which he still criticizes for its perceived lack of inherent value.
He did, however, acknowledge the value of blockchain in verifying ownership of assets like art via NFTs.
But the $BTC community hasn’t let Schiff off the hook:
So… it's valuable to put your "gold" inscriptions on #Bitcoin, but bitcoin itself is not valuable?
— Philip Marlowe ⚡️ (@LoneStarBitcoin) May 26, 2023
Welcome, Peter.
We have been awaiting your arrival.
— Pomp 🌪 (@APompliano) May 27, 2023
It's not a scam. It's original art. People can buy it if they want to own it. Maybe it will hold its value or appreciate over time.
— Peter Schiff (@PeterSchiff) May 26, 2023