Apr 17, 2021 05:46 EDT with 1 comment
Well known privacy advocate and whistleblower, Edward Snowden has sold his first NFT in an auction for a whopping 2,224 Ethereum (~$5.5 million). The NFT is an artwork with Snowden’s face made of the pages from the US appeals court decision that ruled NSA’s surveillance program illegal.
Source: Freedom of the Press Foundation
In case you don’t know, Non-Fungible Tokens or NFTs allow users to buy and sell digital items which are verified using blockchain. Currently, NFTs support Ethereum ERC-721 and ERC-1155 Standard. Unlike normal currency or cryptocurrency, NFTs are unique and are not interchangeable. NFTs rose to popularity recently with the cryptocurrency boom and artists are now adopting them as a way to sell their work online. Recently, Twitter Founder and CEO Jack Dorsey sold his first tweet as an NFT for $2.9 million.
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