The New York Times digital NFT article is priced at $ 563,000
(Agence France-Presse) – March 26, 2021 – 2:27 p.m.
NEW YORK – A New York Times columnist sold one of his articles in digital form for $ 563,000 on Thursday. This is the latest example of the craze for “non-fungible tokens” that collectors are collecting.
Keven Roose’s article, titled “Buy This Column on the Blockchain”, aimed to test the market for what kind of items would sell in the form of an “NFT”.
A non-fungible token (NFT) is a digital object such as a drawing, piece of music, photo, or video with a certificate of authenticity created using blockchain technology.
This authentication by a computer network is considered inviolable.
The virtual object, which is actually a computer file, can be exchanged or sold with its certificate.
NFTs have become popular in the past six months as wealthy collectors turn to the digital market during the pandemic.
On Monday, the first message posted on Twitter sold for $ 2.9 million when the sender, co-founder and boss of Twitter, Jack Dorsey, accepted the winning bid at an auction.
Earlier this month, a digital collage by American artist Beeple sold at Christie’s for $ 69.3 million, setting a new record for an NFT.
“Why can’t a journalist join the NFT party too?” asked Roose in his column.
At the end of the 24-hour auction, a collector called Farzin won the item with 350 Ethereum, a major cryptocurrency valued at $ 563,000.
“I just stare at my monitor and laugh uncontrollably,” Roose, a tech columnist, wrote on Twitter after the sale.
Roose had announced that after the 15 percent fee deducted from the Foundation platform on which the auction was organized, the proceeds would go to charities supported by the New York Times.