Biggie, Biggie, Biggie Can't You See, Now You're A NFT: Auction Celebrates Iconic Photo Of Late Rapper
Portfolio Pulse from Chris Katje
An iconic photo of the late rapper The Notorious B.I.G. is being auctioned as a non-fungible token (NFT). The auction, called 'There Can Only Be One', includes a physical cutout of the photo, a digital version on the blockchain, and a one-on-one video call with the photographer, Barron Claiborne. Bidding starts at 50 Ethereum (ETH), or around $94,000. The auction also includes the sale of a limited edition NFT and an open edition NFT. Forty percent of the proceeds will be donated to charity.
July 13, 2023 | 3:31 pm
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POSITIVE IMPACT
The auction of the iconic photo of The Notorious B.I.G. as an NFT could potentially increase the demand for Ethereum, as the bidding starts at 50 ETH. This could have a positive impact on the price of Ethereum in the short term.
The auction of the NFT is directly tied to Ethereum, as the bidding starts at 50 ETH. This could potentially increase the demand for Ethereum, as people may need to purchase ETH to participate in the auction. This increased demand could have a positive impact on the price of Ethereum in the short term.
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