Announcing that he will be a candidate in the presidential elections in the past days, Cem Uzan was preparing for a move towards the crypto money field. At least, he was giving signals from his Twitter posts that he would take a step in this direction. The other day, he announced that he would convert the compensation lawsuit he filed in Paris into an NFT collection. Here are the details…
Cem Uzan’s crypto money move revealed
Former media mogul and political personality Cem Uzan living in France was tweeting about cryptocurrencies. As we have also reported as Kriptokoin.com, Uzan shared last week, “Worldwide revolution in NFT. A first in the crypto world. Very soon. There are only a few days left to explain, my Turkey,” he said. From these sentences, it was understood that he had a new project related to NFT and cryptocurrencies.
Cem Uzan introduced his new project in a new post on Twitter. In Paris, 60 legal entities announced the NFT collection of the compensation case “accused for gratuitously confiscating their assets”. In the case in question, the SDIF accused about 60 legal entities such as Motorola, Aydın Doğan and Sabancı Holding. In the lawsuit, it seeks compensation of around $70 billion. In addition, Uzan announced that he agreed with “Danha Launchpad” for this project.
— Cem Uzan (@CemCUzan) September 13, 2022
On the other hand, Danha Launchpad and a platform called GPWIN seem to be connected. GPWIN is a Germany-based project, according to its website. It is said that Cem Uzan will have a total of 338 thousand GPWIN NFTs in the NFT project. Minting fee is determined as 150 dollars. Meanwhile, people whitelisted on GPWIN are said to be able to receive NFTs on October 1. However, only time will tell in which direction the project will progress.
NFT craze is slowing down
Non-fungible tokens (NFTs), which gained momentum especially in the third and fourth quarters of last year, became the favorite of famous names. At that time, a new celebrity was releasing his NFT collection every few days. Currently, NFT sales have dropped 92 percent since September 2021. Panic in the crypto market and the slow loss of interest in NFTs are some of the reasons behind the decline. For example, Twitter founder Jack Dorsey’s first tweet, which sold for $2.9 million in 2021, received a high bid of just $280 at an auction in April.
In the simplest terms, NFTs transform digital artworks and other collectibles into one-of-a-kind, verifiable assets that are easy to trade on the Blockchain. The payoff of this technology for many artists, musicians, influencers and the like has been huge. Investors spent a lot of money to have NFT versions of digital images. It is a matter of curiosity how much interest the NFTs for Cem Uzan’s case will attract.
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