This collectible, which is depicting a parody of the famous painting, The Creation of Adam, was purchased through a site called the OpenSea, where users can buy and sell their crypto collectibles.
The user who sold the card for 77.7 ETH originally bought it from another user who sold the card for 7.7 ETH, equivalent to $3K USD. It was also tweeted by the Meme protocol acknowledging the surprising transaction.
New Frontier for Arts and Collectibles?
With digital collectibles on the rise, one must wonder if this will be the new trend for buying and selling digital art/collectibles that may have appreciating value due to its rarity, similar to physical art pieces being sold on the market.
As of this writing, it is now selling on the market for 777.7 Ethereum which is around $291K USD. Time will tell if the user made the right investment and is able to sell the card for a higher cost.
Do you think NTF’s are the Future?
I do foresee a future of NFT(Non-Fungible-Tokens) becoming more mainstream and bringing in more artists, even top-notch creators. For artists, this might be a new avenue where they can embark on showcasing their work to a more global audience where people can purchase their creation through smart contracts.
Additionally, having NFT on the blockchain provides true ownership to whoever holds the private key and is less of a hassle owning, compared to physical collectibles and arts, which requires safe keeping, middleman, and proof of authenticity.
What are your thoughts about the future of NFT? Do you think the Sergey Nazarov Legendary MEME card is actually worth 77.7 ETH? Please post your comments below!