Nitish Vashishtha on March 9, 2021
After Azealia Banks & Ryder Ripps announced that they’re selling their sex-tape on blockchain as an NFT (Non-fungible token), fans were baffled and shocked. NFT has become trendy these days, with artists such as Grimes selling her art and Jack Dorsey even going as far as selling the first tweet ever as an NFT.
The idea behind NFT is a little interesting. It’s basically that you can own a piece of digital media, as in a meme, a video or audio file or even a tweet as a cryptocurrency. The catch is that the piece of media that is converted into an NFT must be non-fungible, as in unique to itself.
Jack Dorsey’s act of turning the first tweet ever into an NFT is truly unique, for example, as no other tweet can replace it. The lucky buyer who ended up claiming this unique piece of Azealia Banks NFT is Rulton Fyder, who purchased it for the exact demanded price of 10.00 ETH, or $17,240. The description for the sex tape NFT read:
This sale is for the full rights and sole access to the first audio sex-tape to be minted on the blockchain. Recorded in February 2021 by Azealia Banks and boyfriend, Ryder Ripps, this sound based artwork is sure to titillate for its full 24:22 duration. Upon purchase, a WAV file will be delivered to the buyer in addition to a 1 of 1 signed LP vinyl record. Full ownership, including limitless distribution and display rights are included in this sale. Don’t miss out on this historic & sexy event.
As for Azealia’s reaction, it was rather interesting, as she had a myriad of things to say on the matter. At first she made a post saying that they’ve sold the most expensive NFT ever:
Her stories were a different thing altogether, where she discussed the idea behind people’s obsession with cryptos and NFTs in a thoughtful manner.
I sold a sextape on blockchain because I honestly feel like a lot of the digital art being collected is worth zero.
100 years from now absolutely no one is gonna give two shits about your goofy 3D cherubs or your stupid ass fuzzy teletubby….
100 years from now people will still be having sex, eating food and drinking water.
I don’t understand the crypto enthusiasts’ democratization of wealth rhetoric when the fact that many people barely have access to clean water nad basic hygiene… Like can we democratize the food first?
It seems that Azealia wanted to make a statement about how the world of NFTs and cryptos in general revolves around the currency having no inherent value, where they purely derive their value from the demand and investment people put in them. Let’s see what other craziness will other people offer us by selling it as an NFT.
March 9, 2021 3:01 pm
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