Is This A Metaphor? The Solid Gold Cube Crypto Promotion In New York City Turns Out To Be A Ruse

• On February 2, Artnet reported that an $11.7 million 24-carat 410-pound gold cube had been erected in Central Park, guarded by a large security detail

• Others have criticized the project’s lack of taste in putting a golden object worth millions of dollars among the local homeless population, with GBH writer Tori Bedford remarking that Niclas Castello, a German artist, created this cube in Central Park to draw attention to the forthcoming debut of his new cryptocurrency

• The solid gold cube crypto promotion that surfaced in New York this week turned out to be empty inside too, with onlookers online mocking the prank as a fitting critique of crypto and blockchain technology’s extravagant promises

To draw attention to the forthcoming debut of their new cryptocurrency, German artist Niclas Castello created this cube in Central Park, where, according to the most recent census, 125 people live, according to GBH reporter Tori Bedford. The solid gold cube crypto promotion that surfaced in New York this week turned out to be empty inside too, with onlookers online mocking the prank as a fitting critique of crypto and blockchain technology’s extravagant promises.

An $11.7 Million 24-Carat 410-Pound Gold Cube Had Been Erected In Central Park

On February 2, Artnet reported that an $11.7 million 24-carat 410-pound gold cube had been erected in Central Park, guarded by a large security detail, as part of a promotion for German artist Niclas Castello’s crypto project, Castello Coin (CAST). CAST would be the first crypto coin in existence to gain its level of fame through a unique, tangible artwork, according to the project’s website, in an attempt to unite the worlds of traditional finance, art, and crypto. It also has an NFT project, which will be released later this month.

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The Coin serves as a link between the conventional financial world of banking, traditional forms of investment, and traditional art, and the new world of cryptocurrencies and the digital era,

according to the website. Despite the fact that the cube measures almost a foot and a half on all sides and also has a wall thickness of roughly a quarter-inch, Artnet labeled it on Twitter as solid gold, and it was widely reported as such.

The solid gold cube stunt has been mocked by many people online in the aftermath of the bombshell discovery by New York’s investigative park goers, with some suggesting that the hollow golden cube summarizes the common complaint that its technology guarantees grandiose utilization cases but doesn’t actually deliver anything.

A Golden Object Worth Millions Of Dollars Among The Local Homeless Population

Others have criticized the project’s lack of taste in putting a golden object worth millions of dollars among the local homeless population, with GBH writer Tori Bedford remarking that Niclas Castello, a German artist, created this cube in Central Park to draw attention to the forthcoming debut of his new cryptocurrency. According to the most recent census, 125 people live there. A man was discovered dead in a tent about half a mile from the installation location four days ago.

According to Artnet, the golden cube would only be on exhibit for one day before being relocated to a special dinner affair on Wall Street, where celebrities were expected to attend.