Everyone seems to be diving into the non-fungible token craze, something that’s only going to weirder after Beeple, a visual artist, sold a .jpg(!!!) piece for US$69 million.
Meanwhile, a ton of musicians are jumping on the bandwagon. Hey, with Kings of Leon making US$2 million in a couple of days, Deadmau5 selling hundreds of thousands worth of digital swag, and Space Yacht’s third round of NFTs selling for big money, wouldn’t you?
Here are a few more examples of NFT initiative, some of which are simply mad.
- Azalea Banks sold an audio sex tape she made with Ryder Ripps for US$17,000.
- Jason Collier has some NFTs for sale to commemorate his Album of the Year nomination at the Grammys.
- Lil Pump is prepping a line of “digital jewelry.” What?
- Want to play beer pong with Post Malone? There’s an NFT for that.
- Pussy Riot will direct NFT sales related to a new single called “PANIC ATTACK” (out today) to a shelter for victims of domestic violence in Russia.
You gotta think that someone somewhere is going to make a terrible mistake in the haste to capitalize on this digital hype. Has anyone done serious, sober, and scientific research into the market for NFTs?
If you’re thinking of getting into this space, best read this first.