On February 2, Artnet reported that a USD 11.7 million 24-carat 410-pound gold cube had been placed in Central Park. It’s part of the marketing campaign for German artist Niclas Castello’s crypto project, Castello Coin (CAST).
New in NYC: A cube made from $11.7 million worth of solid gold is sitting in Central Park—and has its own security detail: https://t.co/DTsqhgCcbc pic.twitter.com/5kXUDSVnS9
— Artnet (@artnet) February 2, 2022
According to the project’s website, CAST will be the first crypto token in history to “gain its degree of recognition through a unique, tangible artwork.” The project combines traditional banking, art, and cryptocurrency.
Following the shocking discovery by New York’s investigative park visitors, the “solid gold cube” scam has been mocked by many people online.
the gold cube is not solid but hollow by the way, and is of course the centerpiece of an accompanying crypto/NFT grift. you decide which of those thing is a metaphor for the other
— Chris Mohney (@chrismohney) February 3, 2022
Many visitors claim that the hollow golden cube perfectly represents the technology that promises grandiose use cases but fails to deliver.
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