Key takeaways
- Justin Sun acquired Maurizio Cattelan's 'Comedian' for $6.24 million, emphasizing the connection between art and cryptocurrencies.
- The TRON blockchain hosts the largest circulating supply of USD Tether and includes over 275 million accounts as of November 2024.
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Geneva, Switzerland, December 2, 2024– Justin Sun, founder of TRON and advisor to HTX, held a press conference in Hong Kong to celebrate his acquisition of ComicMaurizio Cattelan's iconic piece of conceptual art, famous as “the most expensive banana in the world.” Sun's record-breaking bid of $6.24 million, announced on Nov. 21, 2024, marked a pivotal moment for the intersection of art, memes, and cryptoculture.
Event Highlights
The press conference began with a welcome speech from Justin Sun, where he spoke about the importance of Comedian as a cultural bridge bridging art and cryptoculture. The highlight of the event was the Banana Eating Ceremony, where Sun honored Art Basel Miami's iconic moment to celebrate the cultural legacy and lasting impact of the artwork. This was followed by an on-site Q&A session with MetaEra, Fashion Network, CoinDesk and Foresight News, encouraging discussions about the acquisition and its implications for the convergence of art and blockchain technology.
The event brought together more than 150 attendees, including key media representatives Sotheby's, Financial Times, BAZAAR ART, Nikkei, Bloomberg, PANews, CNN, as well as industry leaders and art enthusiasts, to explore the intersection of art, memes and cryptoculture.
“Maurizio Cattelan's 'Comedian' resonates deeply with me because it connects art, memes and cryptocurrencies, three seemingly disparate worlds. “They are all based on collective participation, challenging norms and encouraging creativity, making 'Comedian' a perfect representation of the era we live in.” – Justin Sun, founder of TRON
Uniting art, technology and culture
Through TRON, Sun has created a decentralized platform that provides artists with resources to digitize their work and share it with a global audience. The TRC-721 standard for nfts introduced by TRON has revolutionized digital art, making it more accessible and encouraging broader participation.
Sun's contributions continue to merge art and technology, cultivating an inclusive and vibrant Web3 cultural environment.
About TRON DAO
TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the Internet through blockchain technology and dApps.
Founded in September 2017 by Justin Sun, the TRON network has continued to make impressive achievements since the launch of MainNet in May 2018. July 2018 also marked the integration of BitTorrent, a pioneer in decentralized Web3 services, which has over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of November 2024, it has over 275 million total user accounts on the blockchain, over 9 billion total transactions, and over $20 billion in total value locked (TVL), as reported in TRONSCAN.
Additionally, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin worldwide, surpassing USDT on ethereum as of April 2021. The TRON network completed its full decentralization in December 2021 and is now a DAO governed by the community. Most recently, in October 2022, TRON was designated as the national blockchain of the Commonwealth of Dominica, marking the first time that a major public blockchain has partnered with a sovereign nation to develop its national blockchain infrastructure. blocks. In addition to government support to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica's global fanfare, seven existing TRON-based tokens: TRX, BTT, nft, JST, USDD , USDT, TUSD, have been granted legal status as an authorized digital currency and medium of exchange in the country.
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