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Virtual NFT Hoodie from Label Overpriced Sells for $26,000
The black hoodie with neon green graffiti can be worn online and comes with a physical version too. By Edited by Gadgets 360 Newsdesk | Updated: 11 May 2021 13:08 IST
Photo Credit: Inception Influence
Highlights
These are cryptocurrency assets that represent wide range of unique items
Buyer of the NFT owns a “token” that proves they own the “original” work
High-end streetwear label Overpriced, which describes itself as a brand creating “fashion for the crypto generation”, has sold a black hoodie as a non-fungible token (NFT) for a massive $26,000 (over Rs. 19 lakhs). The hoodie, inscribed with an expletive-laden logo in neon green graffiti font, was sold through an auction on the digital art marketplace Blockparty.co to an anonymous buyer who can now “wear” the garment virtually by scanning a unique V-code on any smartphone.
Virtual hoodie sells for £19,000 as a non-fungible token Priya Elan
A virtual hoodie has sold for £19,000, bought as a non-fungible token (NFT).
The black hoodie from the streetwear fashion label Overpriced, emblazoned with an expletive-laden logo in neon green graffiti font, sold on the digital art marketplace Blockparty.co to an anonymous bidder who, through scanning a code, can now “wear” the garment in virtual settings online.
It follows the virtual shoe brand RTFKT Studios’ recent collaboration with the “crypto artists” Fewocious to create a range of virtual footwear, which sold for £2.2m, selling out in seven minutes.
NFTs are one-of-a-kind assets that can take the form of anything digital and can be traded for something else, whether that is cryptocurrency or another piece of digital kit.
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