Last week, someone sold a Nyan Cat GIF for around $600,000. As it turns out, that was nothing. A few days ago the musician Grimes raked in almost $6 MILLION selling crypto-art.
Oh, and it took her less than 20 minutes to make all that cheddar.
Welcome to the world of non-fungible tokens (NFTs) where, essentially, people pay real money to buy fake money so they can buy fake items, kind of like in a video game. (Somewhere, P.T. Barnum is having a good laugh.)
Dropping NFTs tomorrow at 2pm EST. enter the void pic.twitter.com/l9fNFUCheX
— ☘︎𝔊𝔯𝔦𝔪𝔢𝔰 (@Grimezsz) February 28, 2021
That money will come in very handy considering her boyfriend Elon Musk’s $1.5 billion investment in bitcoin cost his company, Tesla, 25% of its total market value.
Among the crypto-based artwork that Grimes sold was a image of a baby protecting Mars – for obvious reasons – called “Newborn 2” and a piece called “Earth” that features her unreleased song “Ærythe.”
Another one of Grimes’ pieces called “Death of the Old” sold for a whopping $388,000.
Good luck to the bidders! pic.twitter.com/Jox6VwRUr6
— Nifty Gateway (@niftygateway) March 1, 2021
sucker person who purchased “Newborn 2” is already trying to flip it for $2.5 million.
Yahoo! News reports that this is just the first NFT collection of many that Grimes plans to sell, because, jeezus, why the hell wouldn’t she sell more? It’s like printing money.
What’s your take on this? Let us know in the comments below!