Op-Ed: Ready for change – Alec Monopoly set to terraform the world of NFT

Dr. Demetrios Zamboglou

Seeing gifted artists such as Alec Andon, better known as Mr Monopoly by his adoring fans, entering the world of non-fungible tokens (NFTs) is impressive. Andon is not simply creating art; he is crafting culture.

RAGS to RICHIE by Alec Monopoly

The weird and wonderful world of NFT is not novel to other talented artists such as Mike Winkelmann, otherwise known as “Beeple”.

Beeple created and sold the revolutionary Human NFT at the world’s most famous auction house, Christie’s, for a staggering $29 million last year. Other notable NFT creations such as CryptoPunks and Bored Ape Yacht Club from Yuga Labs are great examples of crypto projects that attracted renowned celebrities, including soccer icon Neymar Jr and prodigious rapper Snoop Dog.

So what can we expect in the next coming weeks from Alec Monopoly?

Let’s take a close look at Alec’s RAGS to RICHIE project. It is rapidly gaining traction across social media, including its bustling Twitter account and viral word-of-mouth marketing.

RAGS to RICHIE by Alec Monopoly
RAGS to RICHIE by Alec Monopoly

So far, the collection has received excellent feedback, with buyers keen to become early adopters worldwide. As with cryptocurrencies like Bitcoin, the fear of missing out has also been a factor for participants.

Keen to substantiate its digital roots, the RAGS to RICHIE online community plans to collaborate via a dedicated Discord channel where all participants will be able to share their experiences. Many collectors are hopeful of being whitelisted and, therefore, obtaining the opportunity to acquire rare digital artwork that could potentially appreciate over time.
To understand what makes Alec’s work special, one can look at several of his previous designs, including art displays at the famous Jimmy’s club in Monte Carlo and Nammos restaurant in Mykonos. His work has also been exhibited in high-profile locations, by the Eden Gallery in Soho and Madison Avenue in New York, Aspen, Miami, New Bond Street in London and Mykonos in Greece. World leaders have also snapped up his work.

According to publicly available information, Alec grew up in New York before moving to Los Angeles in 2006. LA was where his talents exploded onto the world stage. Even graffiti artists have been inspired by his digital creations.

First and foremost, as the centrepiece of his digital art portfolio, Monopoly Man wears his multicoloured top hat in addition to his rainbow-covered waistcoat while puffing on a cigar. The lighthearted character portrays success, achievement and abundance – who doesn’t take himself too seriously. Fans can also experience the jovial side of NFTs through hidden messages and so-called easter eggs left behind by the artists to surprise fans.

Today, RAGS to RICHIE leverages a widely popular character called “Richie Rich” — a flamboyant eccentric who wants to show the world that anything is possible and that attaining a lavish lifestyle can be a worthy milestone. Acquiring riches connects people while incentivising the development of collaborative communities and sharing common interests in art, technology and finance.

RAGS to RICHIE by Alec Monopoly
RAGS to RICHIE by Alec Monopoly

As you can see, I am excited about the project, and I hope you are too. Alec Monopoly is on course to make waves in the world of NFT, including launching a new collection that will likely create quite a buzz in the NFT world.

By Dr. Demetrios Zamboglou

Dr Demetrios Zamboglou

Dr. Demetrios Zamboglou is a leading financial executive in the Middle East, with over a decade in management board positions. He heads business operations of CFI Financial Group, one of the biggest, most advanced and technology-driven financial brokers in the MENA.

He is recently recognized as a GCC Young Achiever in 2021 (ex-40 Under 40), he is also the first Cypriot to join the Young Circle of Leaders (YLC) at the Milken Institute and holds multiple awards for his research by tech giants such as Microsoft & Amazon.

Read this next

Retail FX

Banxso announces 8.7% interest rate on deposits in South Africa

“With Banxso, they can enjoy the benefits of both worlds – earning competitive interest and having the freedom to trade, all within the same platform.”

Industry News

FINRA to publish transaction details in U.S. Treasury securities

“Consistent with our longstanding practice, FINRA is introducing greater transparency in a calibrated and careful manner, benefiting liquidity and resilience in this critical market while also mitigating potential information leakage concerns.”

Institutional FX

OpenYield launches “cheap and easy” fixed income trading for brokers

“We’re on a mission to make bonds cheap and easy to trade, and are excited about the opportunity to build generational capital markets infrastructure.”

Digital Assets

Sumsub and Mercuryo publish a guide for VASPs: “Mastering Travel Rule Compliance”

“At Sumsub, we’ve concentrated our efforts on filling the gap in understanding the complexity of Travel Rule regulation and helping organizations find the best solution to stay safe and compliant while minimizing costs and avoiding potential risks of non-compliance. This guide we created with Mercuryo, our trusted partner, is the ultimate navigation tool all VASPs can consult.”

Digital Assets

Bitget Wallet Leads with Record Swap Volume & New Crypto Innovations

This week, Bitget Wallet achieved a milestone by surpassing Metamask with a record 388,757 Swap order transactions, securing the global lead. The significant 7-day trading volume, almost 68,000 more than its rival, underscores its liquidity and user trust. This robust activity signals Bitget Wallet’s prominent role and reliability in the dynamic crypto market.

Digital Assets

Embarking on a Digital Currency Journey

Imagine you’ve stumbled upon a treasure map, leading you to untold riches hidden in the vastness of the internet. Instead of gold coins and jewel-encrusted goblets, this treasure comes in the form of digital currencies, the modern-day loot coveted by many.

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

<