Base Is Here, But Some of Its Projects Raise Red Flags

What: Renowned Chinese artist Yue Minjun, a pioneer of the art style called “Cynical Realism,” has released his first NFT collection. The first installment, “Boundless,” is comprised of a series of 999 generative artworks inspired by his iconic wide smile self-portraits. According to a press release, “each piece of art in ‘Boundless’ sees the artist reinterpreting his signature self-portrait work through the prism of trends within technology, appropriating the crypto-centric PFP [profile picture] to create a unique Web3-based series for digital art collectors.” Upcoming drops will feature 3D animated art and an immersive metaverse experience.