Sold by Julian Lennon Beatles A souvenir as an NFT (Non-Fungible Token), which is a format of encrypted data. This allows him to keep the original.
The late John Lennon’s eldest son, 58, will whiplash several pieces from his personal collection, which will be sold as a unique digital asset.
Items auctioned on February 7th as part of the collection include a black cloak worn by John for help.A handwritten note of the band’s 1968 classic Hey Jude, inspired by Julian and written by Sir. Paul McCartney..
Feeling overwhelmed: Julian Lennon sells Beatles souvenirs as NFTs (Non-Fungible Tokens). This is a format of encrypted data and can retain the original (taken in September 2021)
The sale also includes three Gibson guitars given by the photographer to his father and an Afghan coat worn by Imagine’s hit maker in the Magical Mystery Tour movie.
Each item will be sold as an audiovisual collection containing Julian’s own narration.
The starting price for Sir Paul’s note on Hayjude is $ 30,000 (£ 22,260), but it is believed that bids could more than double that amount.
When you open the item, the memo says: ‘Through Julian Lennon’s exclusive voice narration created as part of this NFT, the item comes alive in a more personal way.
Incredible: The late John Lennon’s eldest son, 58, plans to whiplash some of his work from his personal collection, but they will be sold as unique digital assets (LR: Paul McCartney,). Ringo Starr, George Harrison and John were drawn at an unknown time)
‘NFT is a unique and non-exchangeable unit of data stored on the blockchain. Julian Lennon is the sole owner of physical items.
“The winner of this item shares the monopoly of Lennon’s history as the sole owner of the NFT.”
Capes, on the other hand, start at $ 8,000 (£ 5,928), Afghan court bids start at $ 6,000 (£ 4,446), and all guitars start at $ 4,000 (£ 2,964).
Part of the money raised from the sale will be donated to Julian’s own White Feather Foundation, which will help provide access to clean water in developing countries.
His mother, Cynthia, died in April 2015 after a “short but brave” battle with cancer. His father was shot dead in 1980.
Iconic: Items auctioned on February 7th as part of the collection include a black cloak (left) worn by John for help. The sale also features an Afghan coat NFT (right) worn by a hit maker in a Magical Mystery Tour movie.
Great: Each item is sold as an audiovisual collection, including narration by Julian himself.
Wow! The band’s 1968 classic Hey Jude handwritten notes were inspired by Julian and written by Sir Paul.
Exciting:’The winner of this item shares the monopoly of Lennon’s history as the sole owner of the NFT’
NFTs are currently being advised to provide digital answers to their collections, some of which are already sold for millions of dollars.
Sometimes pronounced “Nifties,” it resembles cryptocurrencies such as Bitcoin and Ethereum, and resides on the blockchain network, a decentralized and decentralized ledger that records transactions for digital assets.
However, unlike traditional cryptocurrencies, they cannot be exchanged for something else. Digital assets are of collector value and can represent items such as still images, GIFs, videos and music.
NFTs have been around for years, but their popularity has grown rapidly these days, thanks to some sales with very high price tags and the attention of top investors, including Mark Cuban.
Drop Chin: Black Cape bid starts at $ 8,000 (£ 5,928) [John pictured in 1965]
Last year, a man paid $ 208,000 to an NFT and dunked a LeBron James clip at an NBA top shot auction that mint basketball highlights to the NFT.
In February of last year, when Christie’s became the first major auction house to sell digital artwork with tokens, a whole new venue for NFT sales opened.
The work titled “Everydays-The First 5000 Days” consists of all the works produced by an American digital artist known as Beeple over a 13-year period.
Christie’s in New York said the venture is so new to auction houses that bids for online sales from February 27th to March 11th will start at just $ 100.
Stunning: The first bid for an Afghan court will be $ 6,000 (£ 4,446) [John pictured at the Sgt Pepper launch party in 1967]
Christie specialist Noah Davis tried to explain NFTs to newcomers in a recent interview. Highly allergenic..
He described the understanding of NFTs as an “abstraction exercise” and added: “The actual NFT-based artwork is just code. It doesn’t exist. It’s not objective.”
Noah began by explaining the difference between “the artwork itself and the symbols that represent the artwork.”
The actual NFT-based artwork is a truly irreplaceable token. It’s a long series of letters and numbers that are dropped into a digital wallet, “he said.
“But the symbol for the token is a monumental collage put together by Beeple, and the token can basically be claimed to mean that it is contained in it.”
Return: Julian’s mother, Cynthia, died in April 2015 after a “short but brave” battle with cancer when her father was shot dead in 1980 (John, left, wife Ono in 1968). I took a picture with Yoko)
Asked about what NFT buyers would look like, Noah presented three general categories. Those who see it as an investment opportunity, those who see it as a “declaration of philosophy”, and art lovers looking for something new.
“Some people are trying to see this as a volatile market that represents a speculative opportunity and could potentially plunge,” he said of the first group.
“Then, some people see this as a fundamental declaration of philosophy and values, or an investment in blockchain technology and future concepts where NFTs and cryptocurrencies will become the norm for trading in financial markets.
“And some people love art, novelty and shortage a lot. This is their desire, new and different, not only from a literal philosophical point of view, but also from a very artistic history-oriented point of view. Respond to the thirst for challenging things. “
According to Noah, one of the main benefits of NFTs is that artists and buyers can use their own code to verify reliability.
But he admitted that some aspects of technology haven’t been fully investigated, such as the possibility that an artist will earn a portion of the sales when the original owner transfers the NFT to someone else. rice field.
“It’s a bridge we haven’t crossed yet,” he said. “Imagine we’ll be over it soon.”
Another drawback of tokens is that they have a large carbon footprint because they are stored on the blockchain network. It requires a lot of energy to maintain.
Artist Memo Atken is Moderate According to the article, one NFT is responsible for an average of 211 kg of CO2 emissions, which is equivalent to driving a petrol car over 600 miles.
What is an NFT?
What is an NFT?
A non-fungible token (NFT) is a unique digital token that is encrypted with the artist’s signature, verifies the ownership and credibility of the artist, and is permanently attached to the work.
What do they look like?
Most NFTs include digital artwork such as photos, videos, GIFs and music. In theory, all digital can be converted to NFT.
Where do you buy it?
Today, NFTs are most commonly sold in so-called “drop” timed online sales through blockchain-backed marketplaces such as Nifty Gateway, Opensea, and Rarible.
Why do I want to own it?
There are many reasons why someone wants to buy an NFT. NFTs are considered collector’s items, so for some people the reason may be emotional value. For others, it is considered an investment opportunity similar to cryptocurrencies, as it can be valuable.
When was the NFT created?
Lighter and podcaster Andrew Steyn Wald The creation of the Colored Coins cryptocurrency dates back to 2012 the origin of NFTs. However, NFTs did not become mainstream until five years after the blockchain game CryptoKitties began selling virtual cats in 2017.
Julian, son of John Lennon, sells Beatles souvenirs as NFTs, so he can keep the original.
Source link Julian, son of John Lennon, sells Beatles souvenirs as NFTs, so he can keep the original.