In summary
- Paris Hilton is excited to launch an NFT.
- She may have forgotten what she auctioned for 40 ETH last year.
Non-fungible tokens or NFTs, are becoming popular with a new generation of artists and performers. So much so that some forgotten stars from previous years started to create and sell their own NFTs.
Paris Hilton, the 40-year-old socialite and granddaughter of the founder of Hilton Hotels, attended a Clubhouse session on NFTs and tweeted yesterday that she is “excited to launch [her] first NFT, “after tech entrepreneur Kim Dotcom encouraged her to do so.
The only problem? It already launched its first NFT last year.
In August 2020, the star of “Casa de Cera” auctioned a drawing of your cat on the NFT Cryptograph platform. She donated the proceeds from the sale of 40 ETH (then worth $ 17,000) to Meals on Wheels, the LA Food Bank and a charity that makes “backpacking beds” for homeless people.
Hilton can be forgiven for being confused. For starters, she probably maintains a team of advertisers and social media managers to create content for her nearly 17 million Twitter followers.
More specifically, NFTs were not yet on their way to becoming a household name until this month. According to a recently published Dapp Radar report, NFT markets moved $ 340 million in turnover in February – more than in the entire year 2020.
THE blockchainBased tokens are essentially digital versions of business cards or unique art. Want a single video clip of Grimes? a person who spent $ 388,938 worth Ether this week for his “Death of the Old Man” certainly did. This piece, sold on the auction site Nifty Gateway, does not reside in anyone’s art gallery, but on the Internet. Only the owner can sell it, but anyone can enter the Ethereum blockchain to verify that the owner has the rights to it.
Is basketball more your jam? NBA TopShot Deals digital collectibles as 3D video highlights repackaged in an attractive format. That platform alone accounted for two-thirds of February’s NFT trading volume.
Conventional publications, such as Wiredand Reutersare now covering the trend with equal parts of technological curiosity and intrigue over three years after CryptoKitties– funny looking NFT cats that you can “breed” with other cats – effectively paralyzed all other Ethereum transactions.
Mainstream interest. This is hot now.