It looks like Will Smith's confrontation with Chris Rock at the Oscars has already hit the dubious world of web3.
Fortune spotted several projects cashing in on the drama. A Will Smith Inu coin translated into English has a reference to the dog breed known as a Shiba Inu. There is a collection of NFTs that is already moving serious volume.
It's hard to argue that either of those projects are bringing anything technologically or entrepreneurially new to the table.
That isn't to say that interesting projects don't exist. On current events-driven projects, buyer beware. A new analysis showed that the majority of NFT flop.
NFT buyers spent $70 million on art and ended up being completely hidden.
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