News NFT

Yuga Labs Responds to “Woke” Criticisms Regarding Black CryptoPunks

single-image

Yuga Labs abandons the CryptoPunks project in the face of criticism, igniting a discussion about artistic freedom and the necessity of diversity in the business.

Stay in the know on crypto by frequently visiting Crypto News Today

  • A CryptoPunks collection by Yuga Labs and artist Nina Chanel was just released.
  • The community has expressed disapproval of the project.
  • Yuga Labs has responded to the criticism by announcing that it will be abandoning the project.

The biggest NFT provider and creator of the Bored Ape Yacht Club (BAYC) NFT collection, Yuga Labs, has frequently been in the news for provocative collections and sloppy portrayals, which have sparked criticism from the industry. Following a brief period of quiet, the NFT space giant is once more making headlines, but this time for all the wrong reasons.

CryptoCaster Quick Check:

Yuga Labs’ CryptoPunks Collection Is “Woke”

Hybridized 3D sculptures aimed at blurring “the lines of race & gender” are part of Yuga Labs’ Punk in Residence collaboration with Nina Chanel. The Super Punk collection is described as “playful as it is profound.” The project, however, did not receive the positive reception that the company had anticipated and faced criticism from the community for being perceived as “woke.”

Advertisement

The collection was widely criticized for being unnecessary and inauthentic, and for being an attempt to profit commercially from current social movements.

Viktor Bunin, an X user, underlined that the project is best abandoned, reiterating the general industry opinion that it violates the spirit of the CryptoPunks collection and falls short of its intended goals. Some users questioned the artistic value of the arts and criticized them for being unappealing.

Advertisement

Yuga Labs has released a statement in reaction to the criticism.

CryptoPunks Drop by Yuga Labs Calms Community

Tuesday, May 21, saw Greg Solano, co-founder of Yuga Labs, tweeting again about the group’s goal to uphold the CryptoPunks legacy and emphasizing their intention to work with renowned artists such as Nina Chanel to create a bridge between web3 and the traditional art world.

The speaker declared, “We bought the collection a few years ago with the goal of maintaining its legacy.” Solano went one step farther and said, “Yuga will no longer touch punks,” in response to the criticism.

Regarding Nina’s artwork, the co-founder announced that it will be removed from the collection and might be given away in random airdrops to her supporters.

Our plan is to get Nina’s latest collection into the hands of those who have been supporting her work in this space by making it available only to SuperCoolWorld holders. Current thinking is via randomized airdrop,” added Solano.

Concerns concerning Yuga Labs’ dedication to diversity and inclusivity are raised by their response and decision to discontinue the collection. The firm’s eagerness to cancel the artist’s work and give in to the demands of a vocal minority within the community undermines the stated goals of a project that was intended to “blur the lines of race and gender.” Furthermore, although the project’s goal was to use artistic vision to subvert conventional norms and celebrate diversity, Yuga Labs’ decision to give in to pressure unintentionally supports the opinions of people who are opposed to advancement and social change.

This choice has a big influence on Nina Chanel, the project artist. She is the subject of controversy rather than being praised for her audacious and creative strategy, which is made worse by her partners’ lack of support. This emphasizes how important it is for well-known individuals like Yuga Labs to support diversity in the industry by taking more careful and nuanced approaches to contentious issues in art and culture.CRYPTOCASTER® - DECENTRALIZED FREEDOM!


We hope you appreciated this article. Before you move on, I was hoping you would consider taking the step of supporting CryptoCaster’s journalism. 

From  Elon Musk, Larry Fink(BlackRock) to Jamie Dimon(JP Morgan Chase) a number of billionaire owners have a powerful hold on so much of the hidden agendas’ which eludes the public concerning the paradigm shift juxtaposed by cryptocurrency and web3 emerging technologies. CryptoCaster is different. We have no billionaire owner or shareholders to consider. Our journalistic efforts are produced to serve the public interest in crypto development and institutional disruptions – not profit motives.

And we avoid the trap that befalls much U.S. and global media – the tendency, born of a desire to please all sides, to engage in false equivalence in the name of neutrality and retail consumer protection. While fairness and transparency dictates everything we do, we know there is a right and a wrong position in the fight against fiat global banking interest and monetary reconstruction precipitated by the emerging crypto ecology.

When we report on issues like the FTX, Binance and Ripple crisis, we’re not afraid to name who or what is uncovered. And as a crypto sentinel, we’re able to provide a fresh, outsider perspective on the global monetary disruption – one so often missing from the insular American and European media bubble. 

Around the world, readers can access the CryptoCaster’s paywall-free journalism because of our unique reader-supported model. That’s because of people like you. Our readers keep us independent, beholden to no outside influence and accessible to everyone – whether they can afford to pay for news and information, or not.

We thankyou for the on-going support our readers have bestowed monetarily. If you have not considered supporting CryptoCaster, if you can, please consider supporting us just once from $1 or more of Bitcoin (satoshi) or Eth, and better yet, support us every month with a little more. Scroll further down this page to obtain CryptoCaster’s wallet addresses.

Thank you.

Kristin Steinbeck
Editor, CryptoCaster


Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. CryptoCaster.world does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.


Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
MATIC – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
LITECOIN – ltc1qxsgp5fykl0007hnwgl93zr9vngwd2jxwlddvqt


CRYPTOCASTER HEATMAP


You may also like