Crypto Crashes, but the Awards Go On | Technology

Crypto Crashes, but the Awards Go On | Technology

“They may not be useless,” he stated. “However their desires of putting it wealthy in crypto undoubtedly are.”

The screens at his again confirmed the soccer participant Odell Beckham Jr., who introduced in November 2021 that he would take his wage in Bitcoin, shortly earlier than its worth started to plummet. Then got here the boxer Floyd Mayweather Jr. and the rapper and music producer DJ Khaled, who in 2018 had been fined by the Securities and Change Fee for selling digital tokens with out disclosing that that they had been paid to take action.

Then flashed a picture of Kim Kardashian, who in October agreed to a $1.26 million settlement with the S.E.C. for failing to adjust to the company’s guidelines on the promotion of funding alternatives.

The photographs stored coming. One confirmed the August-September 2022 situation of Fortune journal, with Mr. Bankman-Fried on its cowl, with the headline “The Subsequent Warren Buffett?” The Fats Jewish predicted that Mr. Bankman-Fried’s “buying and selling behavior” would quickly contain swapping “cigarettes for lavatory paper in jail.”

Additionally featured on the screens was the YouTube star turned media entrepreneur Gary Vaynerchuk. His NFT start-up, Sweet Digital, was as soon as valued at $1.5 billion. Earlier this week, the corporate laid off “a big portion of its employees,” based on Decrypt, the crypto business information web site owned by Decrypt Media, the dad or mum firm of Decrypt Studios, the Crypties’ organizer.

Because it turned out, the one that offered the primary Cryptie award was Avery Akkineni, the president of one other one among Mr. Vaynerchuk’s corporations, Vayner3. In what was undoubtedly not the night’s warmest alternate, Ms. Akkineni strode onto the stage, gave a terse acknowledgment to The Fats Jewish and defended her boss, Mr. Vaynerchuk, calling him a “full pleasure” to work for.

After studying the checklist of nominees for Sport of the Yr, Ms. Akkineni opened an envelope and revealed the winner: Crypto Unicorns, a pet and farming recreation created on the Polygon blockchain, backed by a digital token known as MATIC. Katrina Wolfe, the product director at Laguna Video games, accepted the award, however quite a lot of the opposite winners didn’t present up.

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