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Generative artist William Mapan’s latest collection, “Distance,” sold out in less than 24 hours despite launching in the middle of a very weak NFT market.

From his early long-form generative series “Dragons” on the Tezos blockchain to the highly sought-after “Anticyclone” ArtBlocks collection that currently commands a 5 ETH floor, Mapan has a unique way of capturing the hearts and minds of collectors.

But many people in the public still don’t understand what generative art even is. Mapan has a unique way of explaining the often misunderstood genre by boiling it down to a piece of paper, a crayon and a die.

“It can be really hard to explain but usually the way I explain is to put away the code, put away the blockchain, put away everything. Just take a piece of paper, a crayon and dice. Imagine drawing two by two boxes on that paper, so four boxes total. You then throw the dice — if the roll shows up as a three or below, you draw a square; if the dice shows four or above, you draw a circle into one of the boxes.

“You just made an algorithm; you just made a set of rules and introduced some randomness in there. That’s basically what generative art is, you build a set of rules, an algorithm and then introduce randomness. Then you try to control that part of the space.

Strands of Solitude #010 by William Mapan
Strands of Solitude #010 by William Mapan (OpenSea)

“With the grid of two by two, the parameter of space is very reduced, but as soon as you expand to different parameters, you can get many different outputs. Imagine a 10 by 10 box and imagine you have multiple shapes like a circle, triangle, square, star or whatever. You just write down your rules and just follow them, and that’s it.”

Fine line technique

Mapan’s work straddles the line between appearing as if it’s physically or digitally made, a technique other artists such as Tyler Hobbs and Emily Xiu have a reputation for.

“I like to activate senses, feelings and memories. My hope is that when you see my work, it sparks curiosity. You might think my art reminds you of something in one way, but in another way, you’re thinking there are so many shapes that it’s impossible that someone made it by hand,” says Mapan.



“I hope that it connects with people in their memories, especially like the last series that I released last week, “Distance.” I want people to see themselves traveling, and they remember, ‘Oh, I was on this plane when I saw this kind of landscape down there.’ I like to trigger emotions and curiosity.”

Distance by William Mapan
Distance #22 by William Mapan (OpenSea)

Based in France, Mapan credits Matt Deslauriers, the artist behind Meridians and Subscapes, as his introduction to art on the blockchain. Mapan’s first NFT was minted on 4 March 2021 on Tezos, where he put a lot of his early digital work before launching Anticyclone via ArtBlocks on Ethereum on 23 April 2022.

“Matt helped me navigate early on. He kindly explained it all to me, and it started to make sense over time. I started in the Tezos ecosystem, which was a very community art-driven vibe,” Mapan says.

“It intrigued me that you could put an algorithm on the blockchain, and when people mint it, they buy an iteration that triggers your algorithm on demand. It was a new way to think about your work. Basically, the collector is a triggering point.”

Notable Sales

Rapid-fire Q&A

Are there any up-and-coming artists who you think people should be paying attention to?

Anna Lucia:I definitely love her work. She’s very talented, and I can’t wait to see her progress. You need to look her up.”

What are the influences on your art career to date?

“Abstract expressionism movement and people pushing boundaries in modern-day art.”

Who is a notable collector of yours that makes you smile knowing they own one of your pieces?

AC the collector — He is one of the most engaging ones. He comes to exhibitions and talks to me. He always tries to reach out to me and to understand the practice behind the work. AC is definitely a great collector.” 

What’s your favorite NFT in your wallet that’s not your own NFT?

“‘Horizon(te)s #5” — a collaboration by Iskra Velitchkova and Zach Lieberman.

“I don’t know why I love this, but I just do. It’s perfect because I love Iskra’s work and I love Zach’s work. It’s the perfect combination. I love the light and abstract shapes, it’s just amazing work.”

Who do you listen to when creating art? 

Kendrick Lamar and Sofiane Pamart. I really like classical music, especially when I try to be in the flow state. When I need to crush stuff, it’s hip hop.

“Performers are in another light. They need to go up in front of the public. They have to be fragile and sensible, yet you have to let your shell down. I find that very inspiring.

“I try to be more like that. To let my emotions out. Prior, I was basically shutting them down because I wasn’t creating art full-time. Now that art is my job, I want to explore expressing myself more. Performers are very inspiring in that regard.”

Untitled by William Mapan
“Untitled” by William Mapan (objkt.com)

What’s hot in NFT art markets

Mapan’s aforementioned “Distance,” a collaboration with Cactoid Labs and LACMA, sold out its 250-piece collection at a 2 ETH mint price per piece. The collection has done close to 185 ETH in secondary sales volume since its 13 September mint.

Below are some of the other top recent digital art sales.

Cool Cats headed to Macy’s Thanksgiving Day Parade

Nothing says mainstream more than the iconic Macy’s Thanksgiving Day Parade in New York City, and Cool Cats is set to become the first NFT collection to be featured.

In its 97th annual edition, the parade ran a contest that featured numerous NFT collections, including SupDucks, Boss Beauties and VeeFriends. Cool Cats eventually won out, which means a massive Blue Cat balloon will grace the skies of Manhattan on 23 November.

The lead artist and founder of Cool Cats, Clon, couldn’t be more excited for his beloved project.

“This is a big moment for me as an artist and as the founder of Cool Cats. Personally, the Macy’s Thanksgiving Day Parade has always been an important event in my family and it holds a lot of memories. Being able to showcase my artwork alongside some of the world’s most recognizable characters is a dream come true,” says Clon.

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Nouns DAO fork finalizes

After a bumpy ride over the past few weeks, the Nouns DAO fork has finished with 472 Nouns NFT holders out of 844 in total opting into the fork that was approved in proposal 356

The Nouns holders that opted into the fork will have the opportunity to get approximately 35 ETH back, while Noun holders that voted against proposal 356 will carry on as the DAO had originally been structured, where 1 Noun per day is auctioned, with the proceeds going to fund the treasury of Nouns.

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Greg Oakford

Greg Oakford

Greg Oakford is the co-founder of NFT Fest Australia. A former marketing and communications specialist in the sports world, Greg now focuses his time on running events, creating content and consulting in web3. He is an avid NFT collector and hosts a weekly podcast covering all things NFTs.

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US crypto rules like ‘floor is lava’ game without lights — Hester Peirce

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<div>US crypto rules like 'floor is lava' game without lights — Hester Peirce</div>

<div>US crypto rules like 'floor is lava' game without lights — Hester Peirce</div>

SEC Commissioner and head of the crypto task force, Hester Peirce, says US financial firms are navigating crypto in a way that’s similar to playing the children’s game “the floor is lava,” but in the dark.

“It is time that we find a way to end this game. We need to turn on the lights and build some walkways over the lava pit,” Peirce said at the SEC “Know Your Custodian” roundtable event on April 25.

The lava is crypto, says Peirce

Peirce explained that SEC registrants are forced to approach crypto-related activities like “the floor is lava,” where the aim is to jump from one piece of furniture to the next without touching the ground, except here, touching crypto directly is the lava.

“A D.C. version of this game is our regulatory approach to crypto assets, and crypto asset custody in particular,” she said.

Peirce said that, much like in the game, firms wanting to engage with crypto must avoid directly holding it due to unclear regulatory rules. “To engage in crypto-related activities, SEC-registrants have had to hop from one poorly illuminated regulatory space to the next, all while ensuring that they never touch any crypto asset,” Peirce said.

Cryptocurrencies, SEC, United States
Source: US Securities and Exchange Commission

Peirce said that investment advisers are often unsure which crypto assets qualify as securities, what entities count as qualified custodians, and whether “exercising staking or voting rights” could trigger custody violations.

“The twist in the regulatory version is that it is largely played in the dark: burning legal lava and no lamps to illuminate the way.”

Peirce also said that a broker or ATS that cannot custody or manage crypto assets will struggle to facilitate trading, making it unlikely for a “robust market” to develop.

Echoing a similar sentiment, SEC Commissioner Mark Uyeda said at the event that as more SEC registrants work with crypto assets, it’s essential that they have access to custodial options that meet legal and regulatory requirements.

Uyeda said the agency should consider letting advisers use “state-chartered limited-purpose trust companies” with the authority to hold crypto assets as qualified custodians.

Related: Blockchain needs regulation, scalability to close AI hiring gap

Meanwhile, the recently sworn-in chair of the SEC, Paul Atkins, said that he expected “huge benefits” from blockchain technology through efficiency, risk mitigation, transparency, and cutting costs.

He reiterated that among his goals at the SEC would be to facilitate “clear regulatory rules of the road” for digital assets, hinting that the agency under former chair Gary Gensler had contributed to market and regulatory uncertainty.

“I look forward to engaging with market participants and working with colleagues in President Trump’s administration and Congress to establish a rational fit-for-purpose framework for crypto assets,” said Atkins.

Magazine: Bitcoin $100K hopes on ice, SBF’s mysterious prison move: Hodler’s Digest, April 19 – 25

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Politics

Labour and Reform in battle for Runcorn by-election seat – but disillusionment could be eventual winner

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Labour and Reform in battle for Runcorn by-election seat - but disillusionment could be eventual winner

On the banks of the Mersey, Runcorn and Helsby is a more complicated political picture than the apparent Labour heartland that first presents itself.

Yes, there are industrial and manufacturing areas – an old town that’s fallen victim to out-of-town shopping, and an out-of-town shopping centre that’s fallen victim to Amazon.

But there are also more middle-class new town developments, as well as Tory-facing rural swathes.

Space Café director Marie Moss says a sense of community has faded
Image:
Space Cafe director Marie Moss says a sense of community has faded

One thing this area does mirror with many across the country, though, is a fed-up electorate with little confidence that politics can work for them.

In the Space Cafe in Runcorn Old Town, its director Marie Moss says many in the region remember a time when a sense of community was more acute.

“People were very proud of their town… and that’s why people get upset and emotional as they remember that,” she says.

It’s this feeling of disenfranchisement and nostalgia-tinged yearning for the past that Reform UK is trading off in its targeting of traditional Labour voters here.

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Party leader Nigel Farage features heavily on leaflets in these parts, alongside spikey messaging around migration, law and order, and Labour’s record in government so far.

Runcorn 2024 result
Image:
Runcorn 2024 result

Taxi driver Mike Holland hears frequent worries about that record from those riding in the back of his cab.

A Labour voter for decades, he says locals were “made up” at last year’s election result but have been “astonished” since then, with benefit changes a common topic of concern.

“Getting a taxi is two things, it’s either a luxury or a necessity… the necessity people are the disabled people… and a lot of the old dears are so stressed and worried about their disability allowance and whether they are going to get it or not get it,” he says.

But will that mean straight switchers to Reform UK?

Taxi driver Mike Holland has voted for Labour for decades, but is looking at the Liberal Democrats and Greens, or may not vote
Image:
Taxi driver Mike Holland has voted for Labour for decades, but is now looking at the Lib Dems and Greens – or may not vote at all

Mike says he agrees with some of what the party is offering but thinks a lot of people are put off by Mr Farage.

He’s now looking at the Liberal Democrats and Greens, both of whom have put up local politicians as candidates.

Or, Mike says, he may just not vote at all.

It’s in places like Runcorn town that some of the political contradictions within Reform UK reveal themselves more clearly.

Many here say they were brought up being told to never vote Tory.

And yet, Reform, chasing their support, has chosen a former Conservative councillor as its candidate.

It’s no surprise Labour has been trialling attack lines in this campaign, painting Mr Farage’s party as “failed Tories”.

As a response to this, look no further than Reform’s recent nod to the left on industrialisation and public ownership.

👉 Click here to listen to Electoral Dysfunction on your podcast app 👈

Read more:
Tough test for Labour after MP quits
MP jailed for late-night brawl
Local elections could re-shape politics

But head 15 minutes south from Runcorn docks, and this by-election campaign changes.

Rural areas like Frodsham and Helsby have, in the past, tended towards the Tories.

The Conservatives, of course, have a candidate in this vote, one who stood in a neighbouring constituency last year.

But Reform is now making a hard play for their supporters in these parts, with a softer message compared to the one being put out in urban areas – an attempt to reassure those anxious about too much political revolution coming to their privet-lined streets.

Labour, meanwhile, is actively trying to mobilise the anti-Farage vote by presenting their candidate – another local councillor – as the only person who can stop Reform.

Nadine Tan is concerned about division and anger in the community
Image:
Makeup artist Nadine Tan is concerned about division and anger in the community

The pitch here is aimed at voters like Frodsham makeup artist Nadine Tan, who are worried about division and anger in the community.

“I think they need to kind of come together and stop trying to divide everyone,” she says.

But like Mike the taxi driver five miles north, disillusionment could be the eventual winner as Nadine says, despite the “thousands of leaflets” through her door, she still thinks “they all say the same thing”.

One factor that doesn’t seem to be swinging too many votes, though, is the insalubrious circumstances in which the area’s former Labour MP left office.

Suspended Labour MP Mike Amesbury walks outside Chester Magistrates Court.
Pic: Reuters
Image:
Labour MP Mike Amesbury was convicted of punching a man in the street. Pic: Reuters

Mike Amesbury stepped down after being convicted of repeatedly punching a constituent in a late-night brawl outside a pub.

But across the patch, many praise their ex-MP’s local efforts, while also saying he was “very silly” to have acted in the way he did.

That may be putting it mildly.

But it’s hard to find much more agreement ahead of Thursday’s vote.

A constituency still hungry for change, but unsure as to who can deliver it.

Full list of candidates, Runcorn and Helsby by-election:

Catherine Anne Blaiklock – English Democrats
Dan Clarke – Liberal Party
Chris Copeman – Green Party
Paul Duffy – Liberal Democrats
Peter Ford – Workers Party
Howling Laud Hope – Monster Raving Loony Party
Sean Houlston – Conservatives
Jason Philip Hughes – Volt UK
Alan McKie – Independent
Graham Harry Moore – English Constitution Party
Paul Andrew Murphy – Social Democratic Party
Sarah Pochin – Reform UK
Karen Shore – Labour
John Stevens – Rejoin EU
Michael Williams – Independent

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Solana’s Loopscale pauses lending after $5.8M hack

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<div>Solana's Loopscale pauses lending after .8M hack</div>

<div>Solana's Loopscale pauses lending after .8M hack</div>

Solana decentralized finance (DeFi) protocol Loopscale has temporarily halted its lending markets after suffering an approximately $5.8 million exploit. 

On April 26, a hacker siphoned approximately 5.7 million USDC (USDC) and 1200 Solana (SOL) from the lending protocol after taking out a “series of undercollateralized loans”, Loopscale co-founder Mary Gooneratne said in an X post. 

The exploit only impacted Loopscale’s USDC and SOL vaults and the losses represent around 12% of Loopscale’s total value locked (TVL), Gooneratne added. 

Loopscale is “working to resume repayment functionality as soon as possible to mitigate unforeseen liquidations,” its said in an X post. 

“Our team is fully mobilized to investigate, recover funds, and ensure users are protected,” Gooneratne said.

Solana's Loopscale pauses lending after $5.8M hack
Loopscale’s ‘Genesis’ lending vaults. Source: Loopscale

In the first quarter of 2025, hackers stole more than $1.6 billion worth of crypto from exchanges and on-chain smart contracts, blockchain security firm PeckShield said in an April report. 

More than 90% of those losses are attributable to a $1.5 billion attack on ByBit, a centralized cryptocurrency exchange, by North Korean hacking outfit Lazarus Group.

Related: Crypto hacks top $1.6B in Q1 2025 — PeckShield

Unique DeFi lending model

Launched on April 10 after a six-month closed beta, Loopscale is a DeFi lending protocol designed to enhance capital efficiency by directly matching lenders and borrowers.

It also supports specialized lending markets, such as “structured credit, receivables financing, and undercollateralized lending,” Loopscale said in an April announcement shared with Cointelegraph. 

Loopscale’s order book model distinguishes it from DeFi lending peers such as Aave that aggregate cryptocurrency deposits into liquidity pools.

Solana's Loopscale pauses lending after $5.8M hack
Loopscale’s daily active users. Source: Mary Gooneratne

Loopscale’s main USDC and SOL vaults yield APRs exceeding 5% and 10%, respectively. It also supports lending markets for tokens such as JitoSOL and BONK (BONK) and looping strategies for upwards of 40 different token pairs. 

The DeFi protocol has approximately $40 million in TVL and has attracted upwards of 7,000 lenders, according to researcher OurNetwork.

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