Dumbest NFTs people paid huge money for
Pandemic lockdowns, long-term closures of public spaces and the ubiquitous fascination with digital life have opened the world to the phenomenon of NFT. Essentially, NFTs are a type of cryptocurrency that can be invested in creating your own digital art collection.
But sometimes NFTs are far from art. Sometimes it’s just stupidity that people pay real money for. Let’s talk about them today.
#1. Apply to the skin
Tennis player Alexandra Oleinikova put part of her body up for sale. The 20-year-old athlete offered bidders a lifetime right to tattoo or other artwork on his right arm or shoulder. In accordance buildlbee.com, at OpenSea, Oleinikova received over $5,400 for this weird NFT. What?
#2. Toilet paper for $4000
After Taco Bell, Pizza Hut and Quartz, toilet paper brand Charmin has also joined the trend of launching NFTs. The Charmin brand, manufactured by Procter & Gamble, has released a non-fungible token under the motto “sometimes the best bathroom experience goes beyond the seat.”
Charmin has released six rare NFTs and listed them on Rarible. Artists such as Shaney Benjamin, Donna Ady and Made by Radio have each created these NFTs, which are different types of toilet paper rolls. A physical painting also accompanied each item and was auctioned for 3,221 wETH ($3,900 today).
#3. Art by Paris Hilton
It is worth saying that Paris Hilton generally shows miracles of involvement in the context of time. Paris, whose fashion is experiencing a new round, was one of the first to understand the nature of NFT and launched an entire gallery of digital art. To buy a self-portrait of a shameless blonde, which she called the iconic crypto queen, it took more than a million dollars. The celebrity and businesswoman believe that this is a completely justified price.
#4. Burnt idiots from Banksy
Blockchain company Injective Protocol bought Banksy’s Moron’s (White) artwork for $95,000, after which it was burned alive and turned into a digital asset – a non-fungible token. By the way, the picture itself makes fun of collectors who spend a lot of money on art.
According to Mirza Uddin, CEO of Injective Protocol, this was the first time a serious work of art has been turned into a unique digital resource.
#5. $85 for the sound of a fart
When the COVID-19 lockdown began last March, Brooklyn filmmaker Alex Ramirez-Mullis and four friends did the unthinkable: They started sending audio recordings of their farts to each other via a WhatsApp group chat. A year later, Ramirez-Mullis is auctioning off the 52-minute flatulence sound as an NFT.
The auction’s starting price was $85. Would you pay $85 for gas? If you did, it would be a solid investment as someone ended up being willing to pay around $420 for this NFT.
#6. Symbiosis of Homer and Pepe
This is silly, but a good example of why people buy NFTs: so they can then sell them for a higher price.
This so-called artwork looks like a Pokémon card with the fusion of Homer Simpson and Pepe. Homer Simpson is Homer Simpson and Pepe is an internet frog popular on 4Chan and various places on the internet. The NFT for this art sold for $320,000.
#7. EtherRock
In August 2021, NFT tokens from the EtherRock collection, which was created in 2017 and consists of a hundred identical patterns of rocks, became popular. Their worth ranged from $96,000 to $1.9 billion.
The total trading volume of internal project tokens exceeded $15.5 million, according to the OpenSea market.
On August 8, 2021, an unknown person bought a non-fungible token from the EtherRock collection for $135 thousand. Then another token was bought for $103.9 thousand on the same day. On August 22, TRON CEO Justin Sun announced the purchase of an NFT token from the EthereRock collection for $611,000. The world has gone crazy.
Many stupid NFT projects have appeared in recent years. There are sure to be many more.
Perhaps the idea of non-fungible tokens was noble. Tokens can forever change the system by which digital content copyright works and protect crypto images and videos from illegal copying. In addition, the NFT will greatly ease the burden of copyright for musicians and allow streaming services to license films and series more quickly.
But for now, it’s just a bunch of useless and sometimes stupid stuff that people make a lot of money from.
