• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

2025-07-25

Major Signal Flashed!!!

2025-07-25

Trump’s Fed Visit Could Ignite Bitcoin’s Biggest Rally Yet

2025-07-24

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    2025-07-25

    What Is Copy Trading in Crypto? A Beginner’s Guide

    2025-07-10

    A Step-by-Step Guide for Risk-Takers

    2025-07-09

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    2025-07-09

    How It Works and What to Watch Out For

    2025-07-09
  • Videos

    Major Signal Flashed!!!

    2025-07-25

    Trump’s Fed Visit Could Ignite Bitcoin’s Biggest Rally Yet

    2025-07-24

    Why Did Bitcoin and Crypto Dump Today?

    2025-07-23

    Bitcoin Bulls Brace For Next Major Rally

    2025-07-23

    Wall Street’s Crypto Moves Just Got Exposed

    2025-07-23
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»NFT»$TURBO Creator Faces Backlash for New ChatGPT Memecoin $CLOWN
NFT

$TURBO Creator Faces Backlash for New ChatGPT Memecoin $CLOWN

2023-06-01No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

One of the big trends in Web3 in 2023 has been the rise of memecoins, cryptocurrencies also known as “shitcoins” that are themed around a viral internet trend. Their lighthearted nature is only part of their appeal; with enough momentum surrounding them, they can bring in serious profits for early buyers due to their extreme volatility. 

One of the most successful memecoins to break onto the scene in recent weeks was $TURBO, an experimental project by the digital artist Rhett Dashwood (Mankind) that, at its height, had a market cap of $50 million. Dashwood had created the token from scratch with the help of ChatGPT and advice from his Twitter followers. Its success earned Dashwood respect amongst $TURBO holders and the wider Web3 community alike for his creativity and willingness to build with his community. 

On June 1, Dashwood announced his next experimental project: an endeavor to create either a new $1 billion crypto token or NFT artwork. As a result, he’s facing some pointed criticisms from the same community that lauded him for his work with $TURBO. Here’s what you need to know about $CLOWN.

$CLOWN has entered the chat

“The circus is in town,” Dashwood wrote in a Tweet announcing the experiment before providing his followers an address to send ETH. “We’re all clowns. Enjoy the show. As an art/ai/social experiment I’ve asked ChatGPT if it can create a billion $ coin or artwork.”

1/8$CLOWN or Crypto Clown art. The circus is in town. We’re all clowns. Enjoy the show. As an art/ai/social experiment I’ve asked ChatGPT if it can create a billion $ coin or artwork. 🤡🖼️💰 follow along 👇

Make sure to read the whole thread before sending ETH to: clownbag.eth pic.twitter.com/DJn3yRZRk0

— Rhett Mankind (@rhett) June 1, 2023

Apart from the token’s intrinsic value, whatever that turns out to be, the only utility it will have is to bid on a piece of crypto art depicting a clown. Dashwood’s conceptual framing here is to confront people with a choice between art and money. The choice of the clown theme comes from criticisms Dashwood has received over the months for working in the NFT space and with crypto tokens.

See also  Top NFT Projects To Expect A New Breakthrough On Ethereum

“I’ve heard countless times, I’m a clown for selling digital art, a clown for doing crypto, a clown for using AI, a clown for creating a token, so I either embrace the clown or fear it forever,” Dashwood elaborated in his Twitter thread.

Credit: Rhett Mankind

Those interested in participating in the experiment have a week to send their ETH to an address Dashwood provided in the Twitter thread and receive an “equitable split” of the token supply based on the ETH percentage of the total volume received. At some point in the project, there will be a 1/1 art auction of clown-themed art that $CLOWN holders can use their tokens to bid on.

Dashwood says the experiment is entirely decentralized, with no websites or social pages to speak of, and that he will not withhold any amount of the tokens. “Expect absolutely nothing of me after release,” he said of the experiment.

The backlash

It’s that last bit regarding expectations that seems to have earned Dashwood the ire of some of his followers. This is partially due to the emergence of another recent trend in the Web3 landscape in which social media influencers ask their followers to send them money for either a shady memecoin offering or, in some cases, absolutely nothing in return.

Some of these efforts have seen influencers earn millions in a few days, souring artists (and their collectors) in the Web3 space who have spent months or years working to provide value to the digital art ecosystem and be properly compensated for doing so.

I was fully supportive of the $Turbo experiment

But this one gives off 🚩🚩 imo.
– “Expect absolutely nothing of me after release”

Also probably not wise to respond to people’s comments with clown emojis

— BenJammin.eth 🍌 (@xBenJamminx) June 1, 2023

In a bold display of committing to the bit, Dashwood has been responding to people’s criticisms with a variety of clown-centric GIFs. However, not all of Dashwood’s followers criticized the idea, with several wishing the artist luck with the experiment.

See also  Bitcoin [BTC]: Path to $30k faces hurdles as whales drive March madness

$CLOWN, $TURBO, and memecoin empires

Dashwood is certainly capable of pulling off a large-scale conceptual experiment like this, as evidenced by his success with $TURBO, a project he has since handed over to the community that helped build it. The artist’s ability to play with new technology and trends is precisely what made $TURBO fun to watch. As Dashwood leans into tricky optics in his latest experiment, it will require a deft touch to avoid being lumped into the same category as someone like Ben.eth, who recently launched his third crypto token in nearly as many weeks.

Backlash ChatGPT CLOWN Creator Faces Memecoin Turbo
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

How to Find the Next 100x Memecoin in 2025: Full Tutorial

2025-06-28

Creator of over 100 memecoins says rug pulls are the ‘easiest way to make money’

2025-05-18

ChatGPT Predicts Bitcoin’s Next Move | Selects Top Crypto For This Weekend

2025-05-15

Altcoin & Memecoin Season is OVER!!? Just Bitcoin. 🚀🔥

2025-03-18
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Videos

WHEN YOUR CRYPTO GOES TO ABSOLUTE $0.00 [what do you do]

2023-10-13

Bybit for a bonus of up to $30000 http://bybit.davincij15.com Sign up now Join http://OKx.davincij15.com for…

Videos

My Miami Trip | Bitcoin 2023

2023-05-21

This past week, I was down in Miami for 3 days attending the Bitcoin 2023…

Analysis

Declining open interest in futures market contrasts Bitcoin’s bullish rally

2023-10-03

The futures market has traditionally been a barometer for investor sentiment. Open interest, representing the…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

2025-07-25

Major Signal Flashed!!!

2025-07-25

Trump’s Fed Visit Could Ignite Bitcoin’s Biggest Rally Yet

2025-07-24

Why Did Bitcoin and Crypto Dump Today?

2025-07-23
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 117,994.61
ethereum
Ethereum (ETH) $ 3,744.09
xrp
XRP (XRP) $ 3.17
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 794.91
solana
Solana (SOL) $ 185.01
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.235911
staked-ether
Lido Staked Ether (STETH) $ 3,751.96
tron
TRON (TRX) $ 0.320101
bitcoin
Bitcoin (BTC) $ 117,994.61
ethereum
Ethereum (ETH) $ 3,744.09
xrp
XRP (XRP) $ 3.17
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 794.91
solana
Solana (SOL) $ 185.01
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.235911
staked-ether
Lido Staked Ether (STETH) $ 3,751.96
tron
TRON (TRX) $ 0.320101