Summary
TLDR: BlackRock’s new tokenized asset fund on Ethereum has received unsolicited donations of crypto and NFTs, including genitalia-themed NFTs and funds from a blacklisted service. The donations are collectively worth tens of thousands of dollars. Such gestures are not uncommon in the crypto world, as entities like Budweiser and El Salvador have also received similar donations. Transactions on blockchain networks cannot be rejected by the recipient, so BlackRock will have to decide what to do with the assets.
Key Points
1. BlackRock recently launched its first-ever tokenized asset fund on Ethereum, leading to an influx of unsolicited crypto and NFT donations to a wallet associated with the fund.
2. Donations to the BlackRock-linked wallet included graphic NFTs from collections like CryptoDickButts, CryptoTitVag, Goblintown, and Larva Chads, as well as novel cryptocurrencies like PEPE, BlackCock, Inc., PussyNoodle, Jesus Coin, and HarryPotterTrumpHomerSimpson777Inu.
3. The wallet also received thousands of dollars worth of ETH from TornadoCash, a Treasury Department-blacklisted crypto mixer, highlighting the challenges associated with unsolicited on-chain donations and the lack of control over incoming assets in the crypto space.