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Elijah Wood Denounces Racist NFT Artist -Breaking

by Mike Robinson

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Elijah Wood Denounces Racist NFT Artist
  • Elijah Wood is a passionate collector of NFTs. He is best known as Frodo Baggins from Lord of the Rings.
  • Jungle Freaks NFTs was the investment of this actor.
  • Elijah Wood decries the NFT Project amid racism allegations

Elijah Wood is an expert on the NFT marketplace. NFTs are not always what they seem to be, and an artist’s identity is often a gray area. According to a Twitter (NYSE:) post by Elijah Wood, the actor has denounced the Jungle Freaks NFT collection due to the author’s previous racist artistic judgments.

Elijah Denounces NFT over Claims of Racism

After investing in Jungle Freaks NFTs, Elijah Wood (the main character in the Lord of the Rings Trilogy) was caught up in some crypto drama. How did the story turn out? Crypto Twitter revealed the author’s past racially charged cartoons.

George Trosley, the NFTs’ project designer, is a famous cartoonist who worked for Hustler magazine in the 70s – nothing wrong there. Crypto Twitter showed a few cartoons that Trosley had created, including one depicting racial appearances.

As a result, Elijah Wood deleted his initial tweet regarding the collection, following it up with a statement, condemning “any form of racism.” Moreover, Wood also sold his NFTs, unknown as of yet, if for a profit or not, and stated that all generated funds will be donated to the “LDF and Black Lives Matter.”

To The Flipside

  • Cartoons offer a way to show off existing social problems in a humorous manner.

The Normal Response

Racism was still a major issue in the 21st-century world at the time that these cartoons were first created. In response to the allegations, Jungle Freaks issued a statement, claiming that “the Trosley Family does not support or condone racism.”

OpenSea data shows that NFTs’ prices dropped by over 65% from an average selling cost of 1.35 ETH to 0.3 ETH. Reddit investors have not backed the turmoil that unfolded after the Trosley images were released.

One Reddit user, Empltyzed81, highlighted that the work a person made 50-years ago should not impact one’s investment. Wood’s statement has proven detrimental to the entire project and saw many investors lose a lot of money following his statement against racism.

What are the reasons to care?

NFT prices are subject to significant news and evidence. Similar holds true for projects that use blockchain technology whose creators can be identified.

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