ITEMS OF ANTICIPATED VALUE – Item No. 3: HMM WEEKLY 10K CapyBricknote™
THE COMMERCIAL AND artistic sensation of 2021 has been the Non-Fungible Token (NFT), a one-of-a-kind digital embodiment of an artwork that is also a secure certificate of its possession. NFTs—sitting as they do at the intersection of art, technology, and finance—have drawn frenzied commercial and media attention, with some of them selling for staggering prices.
Hmm Weekly now proudly inhabits the realm of NFTs with a three-part artistic meditation on financial or technological hope, drawing on our years of experience with the rise and fall of futuristic value-propositions. Our set of NFT artworks, ITEMS OF ANTICIPATED VALUE, records this history of lost possibilities and transforms it into newborn items for this newborn artistic market to evaluate. Own a piece of the past, as it becomes the future!
Item No. 3
HMM WEEKLY 10K CapyBricknote™
This digital token, representing a banknote designed by Joe MacLeod, will be accompanied by delivery of 10,000 Ethereum-based CVL tokens to the purchaser’s wallet. The banknote commemorates the blockchain-based journalism startup Civil, which envisioned using the tokens for both funding and governance of a network of independent publications. CVL tokens were issued to the newsroom of Hmm Daily, one of Civil’s “First Fleet” publications.
Due to the vagaries of building the tokens and navigating regulatory hurdles, Civil’s member websites launched with limited cash-grant funding before the tokens were available. By the time the tokens were finally issued, the U.S. Securities and Exchange Commission had required a prohibitively difficult process for buying them, and CVL ultimately failed to sustain user or investor interest.
Hmm Daily, in the form of the publication Hmm Weekly, survives as a member of the Brick House media cooperative. At last check, the CVL token was currently priced at $0.00153210.
Memorialize this fungible but undesired token with this non-fungible token!
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Thank you for inspecting ITEMS OF ANTICIPATED VALUE: A SERIES, offered as part of The Brick House NFT Gala, in support of our journalist-owned cooperative. Please visit the Gala site for more art and artifacts.