What is an NFT and how do they work?
By: Scripps National
and last updated 2021-04-16 11:59:02-04
Remember that video from 2007, where Chris Crocker begged people to âleave Britney alone?â
It s now up for sale as an NFT. The first-ever tweet was also recently sold as an NFT. And a viral tweet about the Fyre Festival is up for auction. Trevor Dehaas is hoping to get at least $80,000.
So, you may be wondering what an NFT is, how it works and how one goes about buying a tweet.
First thing, NFT stands for non-fungible token. It lives on the blockchain and it can be anything from art to insurance policies, even a deed to your house.
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Vertigo3d/iStock
(NEW YORK) Nearly four years ago, a photo tweeted from the Bahamian island of Exuma of two flimsy cheese slices laying lifeless atop some whole wheat bread with a soggy-looking side salad went viral and perfectly captured the failed Fyre Festival experience.
Now, Trevor DeHaas, an attendee who rose to overnight internet notoriety for that less-than-appetizing snapshot, is attempting to cash in for a good cause on the digital piece of history just weeks before the anniversary by auctioning it as an NFT (non-fungible token).
“Meme. Cultural touchstone. Cheese sandwich,” the NFT description reads on Flipkick’s auction page. ”From an inauspicious dinner, photographer Trevor DeHaas captured the most iconic image from 2017’s most famous debacle the Fyre Festival. Two limp white slices on wheat bread lay, like the lifeless body of Icarus, bemoaning the hubris of man. A timeless image of inestimable cultural import, sold now as a singular NFT.”