4 months ago 2 min read

NFTs of Anti-Lockdown Protests in China Appear on OpenSea


The auction for this collection started on Sunday with an opening bid of 0.01 ETH (US$11.74), and will run for seven days. The demonstrations are captured in 135 photographs by a Polygon-based NFT series called "Silent Speech."

24 stylised pictures from NFT's Blank Paper Movement collection, which represents the suppression of free speech, show crowds of protesters waving blank sheets. The floor price for Ethereum-based NFTs was 11,720 US dollars, or 10 ether, at three in the afternoon on Monday in Hong Kong.

Following a fatal fire on Thursday, residents of Urumqi, the capital of China's Xinjiang province, took to the streets and the internet to voice their outrage and skepticism toward zero-Covid lockdowns. The province's name, Urumqi, is also the name of the city where the unrest took place.

Authorities in the city assigned some of the blame for the calamity to the victims' failure to rescue lives, which stoked the growth of anti-government rallies. Over the weekend, there were large-scale protests in the streets of several of China's most significant cities, including Urumqi, Shanghai, Wuhan, Beijing, and Guangzhou.

As of Sunday evening at six local Hong Kong time, according to Initium Media. Street protests or small-scale memorial services reportedly included students from at least 76 universities across 16 different Chinese provinces.

Demonstration-Associated NFTs Flood OpenSea

Since Wednesday, more than 2,300 items related to the protests have been listed for sale on the OpenSea marketplace. Additionally, hundreds of new NFTs connected to the incident have been found since the Shanghai closure. Digital artwork depicting daily life during the lockdown and other films with voiceovers ostensibly from inside the isolation camps make up this category.

Residents were not allowed to leave their homes for several weeks as the virus spread and infected tens of thousands of people due to the strict lockdown. In addition to increasing sickness rates, the lockdown also prevented people from accessing food and medical care and imposed other forms of austerity.

Residents who were angry and in need of support took their thoughts to the internet and let it out there. On the other side, it has been claimed that government representatives have been filtering videos showing scenes of captivity in Shanghai that have been finding their way across the internet. Many people are turning to the technique of minting nonfungible tokens (NFTs) to safeguard themselves and their experiences because the data stored on a blockchain cannot be changed.

The Chinese government has adopted a more aggressive stance toward digital currencies, even going so far as to restrict their trade within the nation and order Bitcoin miners to cease operations. The government has made it against the law to use cryptocurrencies that are not its own, but it acknowledges the usefulness of the technology that underpins them.

The government's CBDC, the e-Yuan, is currently being tested in the real world throughout the entire country of China. Citizens in three different cities can pay their taxes using the e-yuan. The Chinese government should use blockchain and Web3 technology to implement centralized development in the interim.

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