Will Smith Slap: Token and NFTs Launch After Chris Rock Slap
New tokens devoted to Will Smith have been launched around the globe— less than 24 hours after the actor slapped comedian Chris Rock at the Oscars. Will Smith permanently harmed his public image by striking Chris Rock as millions of viewers watched.
Chris Rock’s opening monologue for the 94th Academy Awards ceremony was full of biting commentary about Hollywood’s lack of diversity. During the show proceedings, Chris Rock made a joke about Jada
Pinkett Smith — Will Smith’s wife — and said: “Can’t wait for G.I. Jane 2.”
Mrs. Smith has publicly revealed that she suffers from alopecia. Alopecia is a condition that causes hair loss — and in G.I. Jane, The protagonist shaves her head as she goes through NAVY Seal training.
At first, it appeared that Will Smith laughed at Rock’s remark; his wife appeared visibly uncomfortable by the joke.
The crypto community has launched at least three projects claiming connections to the slap-event. A token called “Will Smith Inu” can already be traded on several decentralized exchanges. Another one of these tokens capitalizing on the viral moment is the Will Smith Slap Token. Investing in these tokens is highly risky.
A good admonition for staying away from these coins is the SQUID token which was launched in November 2021. Owners of the coin were promised exclusive access to a metaverse version of the Netflix show games where they could real money. This review by CoinMarketCap, explains how the token price rose to $2.861.70 before crashing below $0.0007925 barely five minutes later. Experts labeled the SQUID token a scam but it did not deter an over 80,000% surge in price before crashing back down to zero.
These sorts of tokens are now being created in roves daily to commemorate headline-grabbing news. The very first time such a token was launched on the blockchain was Coinye in 2014. The token had no relation to the rap mogul Kanye West ‘Ye’. These tokens have no intrinsic value. Creating such a token can take only a few minutes. Several cryptosystems including Ethereum have frameworks in place for this exact use case scenario. Meme-coin creators can use the ERC-20 or BEP-20 to create blockchain-based digital assets.