On Tuesday afternoon the estate of Notorious B.I.G. made available — first to a list of fans that have demonstrated their devotion and then to the general public — a 3,000-piece NFT collection that uses algorithms to resurrect the late rap icon’s signature looks.
But no commercialization seduces like a web3 commercialization. Barrow, entrepreneur Elliot Osagie and Biggie’s mother Voletta Wallace a little while ago got together with OneOf, an NFT company co-founded by Quincy Jones that previouslyfamous looks
Organizers say that even simple images, like Biggie holding a bag of cash, come with commentary befitting his music. OneOf’s Whitney Houston demo sold for nearly $1 million to a single buyer. Grimes also sold a collection for nearly $6 million, only to see it laterNot that all musician NFT’s take off right away. Embattled singer Chris BrownTuesday evening, Sealey said that the general-public allotment of Biggie’s NFT sold out within 10 minutes.
But what about the speculative bubble inherent to NFTs. Is this a unique tribute? Or just a code-heavy way to mint more money?
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