After getting hilariously burned by Twitter earlier this year for the unoriginality of NFTs, the Crypto Bros are back at it again. In a surprise to no one, a crypto group is once again getting roasted for massively overpaying for a book that they planned to turn into an NFT. The book in question is a copy of Alejandro Jodorowsky’s adaptation of Dune, which they incorrectly assumed would give them the rights to the rare book. According to the decentralized “organization,” SpiceDAO, they somehow got the ridiculous impression that they could mint the book and distribute it as various NFTs.
Naturally, the group went to Twitter to brag about their hilarious plans for the Dune book. They paid a reported $2.66 million at an auction, which is nearly 100 times the original asking price. If that isn’t funny on its own merits, the story only gets better. In the post, the group outlined their intent to “make the book public (to the extent permitted by law.” In addition, they planned to “produce an original animated series inspired by the book and sell it to a streaming service and support derivative projects from the community”.
Unfortunately for SpiceDAO, they failed to realize that just because they bought a limited edition copy of a Dune book does not mean that they own the rights to reproduce the property. As one commenter hilariously pointed out, this is the equivalent of buying a Spider-Man comic expecting that you would have the ability to produce a movie based on it. If this weren’t funny enough, their master “plan” was to burn the book as a publicity stunt to increase the price of said NFTs.
As one of the members of the group pointed out, it’s not the best look for the Crypto movement to be known for burning books. Interestingly enough, the real kicker here is that the book has been publicly available online since 2011. If there’s one thing to love about the Crypto Bros, it has to be their attention to detail (or lack thereof). Until next time, folks.
Cover Photo: Warner Bros
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