Token Twist: A Way to Show Buyers or a Strange Fad? Jazzy

By Shubhangi Shah

One revolution or another fad, NFTs attract opposing views. Short for non-fungible tokens, an NFT can be anything digital – a JPEG image, a GIF, an audio or a video clip. Powered by blockchain technology, these are transacted via cryptocurrency. You can think of it as an art auction. The same thing happens with NFT, as you bid for artwork and buy it for money – only in this case, the work of art is any digital resource.

The first NFT was created in 2014 It was a digital artwork called “Quantum” by New York-based artist Kevin McCoy. In the face of this, the NFT seems to be a big deal. It gives artists a platform to sell their digital creations, which might not otherwise get them the same money. Among the various works of art sold as NFTs were some strange ones that attracted widespread attention.

Canadian musician Grimes frequently grabs the title, whether for his past relationship with billionaire Elon Musk or the ex-couple’s firstborn bizarre name (X Æ A-Xii). Last year, she made headlines for selling her digital artwork as NFTs for 5.8 million, in just 20 minutes. One of his works of art shows a winged child carrying a sword who appeared to defend Mars. (Is it a bell?)

If the Cherubs bring in $ 5.8 million, then a naked Donald Trump with ‘Loser’ engraved on it costs $ 6.6 million. The digital artwork titled ‘Crossroads’ was created by artist Mike Winkelman during the 2020 US presidential election, known as Bipal.

Not just artists and celebrities, but several brands have recently joined NFT Bandwagon and created products that will surely blow your mind. Ever heard of digital toilet paper? US toilet paper company Charmin has offered N 4,100 as NFT. No, you can’t use it to do your actual business but sell pictures of a toilet paper roll, which you can easily download to your computer, for more money. Yes, it can get you over 4,000.

Charmin was not alone. American fast-food chain Taco Bell put up a Taco-themed GIF for sale last year, which sold out in just 30 minutes. Pringles also came up with cryptocurrency, the “NFT-flavored” crisp. That ‘NFT Flavor’ was a five-second video of the animated spinning Golden Pringles. Price? $ 1,500, only.

If NFT-flavored chips weren’t enough, the digital perfume on the shelf was $ 1,000 per piece. Smells so digital!

After digital toilet paper and perfume, the world of NFTs can no longer go far, you might think. Wrong. Not just you, this world is full of dogs. Otherwise, what could explain the concept behind NFT sticks? Not a real stick that your dog can play with, but a picture for 1,200. Foreign, isn’t it? We can’t say anymore.

When we are in the image, let’s get to know the most famous pictures. You must have stumbled upon a ‘Disaster Girl’ meme at some point, behind which a little girl smiles when a house catches fire. Four-year-old ‘Disaster Girl’ Joe Roth was photographed in 2005. Decades later, when now-adult Joe put the original film up for sale as NFT, it received $ 500,000. Now it benefits from a ‘disaster’.

Although Zoe’s picture is a world-famous meme, the 22-year-old Indonesian student received twice the amount of 1,000 unspoken selfies she sold as NFTs.

Just when we thought the world of NFT could no longer be bizarre, we stumbled upon a stinking one. During the Covid-inspired lockdown, when many did not have much to do, American film director Alex Ramirez Mallis decided to audio-record his farts. If that’s not enough, he kept the 52-minute-long audio clip for sale as NFT. Did he benefit from it or ridicule the intellect of the people? That is, only Ramirez can tell.

Since it was selling mostly digital assets, Croatian tennis player Oleksandra Olinikova sold a portion of her right hand for F 5,000 as NFT. The owner can commission a tattoo or body art. “I’ll bring your art object or message to each of my tennis courts,” the tennis player wrote on the list. Not a bad deal, is it?

Clip art, GIFs, audio and video files are fine, but can anyone sell on the World Wide Web? Tim Berners-Lee, the creator of the ‘www’ source code, not the Internet, sold it as NFT for 5.4 million last year. When we first talked about, did you know what the first tweet was? None other than Twitter co-founder and former boss Jack Dorsey said it was “just set up my twttr.” Do you know its value? A jellyfish, you might think, doesn’t pay for the platform. True! But this is no ordinary tweet, and Dorsey received over $ 2.9 million if sold as an NFT.

Going through this list, no one can help but think about the NFT incident. What is it? A tool for people to earn millions, a way to show buyers, or just a weird fad that will slowly fade away? Only time will tell.

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