0 comments
John Lennonโs son, Julian, will be auctioning off various Beatles memorabilia items as non-fungible tokens, including lyric notes, guitars, and outfits.
Consider yourself a Beatles super fan? Are you a crypto connoisseur with a hunger for John Lennonโs old possessions?
His son Julian may just have the deal of a lifetime for you. He has today announced the launch of a Beatles memorabilia auction, where digital NFT versions of items currently in his possession will be sold to the public.
Itโs another headline to add to a growing list that demonstrate the true explosion of NFTs in the digital currency space. The market as a whole is estimated to be worth ยฃ16.5 billion and the most expensive NFT sale was in March 2021, when a digital collage piece was purchased for $69.4 million USD. Hell, even Eminem bought one, to the dismay of many.
Weโre seeing an increase in quirky crypto schemes and questionable projects that sometimes wind up being scams and, while the market may look like its booming for now, itโs impossible to tell just how sustainable the growth of NFTs will be in the long-term.
For now, though, youโre probably wondering how digital blockchain versions of old Beatles items even work, right? Bear with me. Iโve been trying to fully grasp the idea of NFTs for about six months with little success.
Even though Julian is technically auctioning off specific memorabilia items โ a guitar, cape, lyrics notes โ winning bidders wonโt technically own the real thing, or even be able to see their purchase in person. Instead theyโll be given an โaudio-visual collectibleโ that will include Julian reciting specific memories attached to the objects.
