The Madoff NFT: A Conscientious Look Into Our Collective Greed

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"You are just as culpable as I am."

That is the tagline for The Madoff NFT which sold out in under two minutes this past Thursday, February 2nd.

In light of the recent FTX collapse, taking on the challenge of humanizing one of the greatest financial crooks of all time is no small task.

But the creator, Colonel Burr, believes we have a lot more in common with the late Bernie Madoff than at first glance. 

His many years experience of daily trading the volatile crypto market led him on an emotional rollercoaster from exuberant highs to depressed lows. 

"Greed is one of humanity's original sins. We are all greedy, some more than others," says the NYC based artist. He believes that rampant greed is a necessary ingredient to enable someone like Bernie Madoff to conduct the biggest ponzi scene in history.

And ultimately, the sin of excessive greed is what sets people to look for a scapegoat when things don't go their way. "It's easy to point fingers and look for someone to blame. Madoff was targeted and transformed into some larger than life avaricious villain. His ultimate downfall was celebrated with a great deal of schadenfreude at the time."

The artistic choice in selecting a motion gif as opposed to a still picture was meticulously executed in order to inspire life to the artwork. As he says, “Still life photos serve their purpose as a form of personal identifications. I did not want Madoff to be a symbol of personal identification such as other static PFP collections like BAYC or Cryptopunks. Madoff is meant to be the sum of our living collective emotional consciousness and I want him to serve as an existing reminder of