Edward Snowden Sells His First NFT At Auction For $5.4 Million
As if the NFT space couldn’t get any more surprising, Edward Snowden, former CIA member and infamous NSA leaker, just closed out his own crypto art auction today with another historic sale.
Beginning yesterday, the NFT was listed on the crypto art platform Foundation, and after running for 24 hours (with some last-minute extensions pushing it over the usual time), it sold today for 2,224.00 ETH, which comes out to around $5.4 million.
FIVE POINT FIVE MILLION from
PleasrDAO</a>. It feels like the whole staff of <a href="https://twitter.com/FreedomofPress?ref_src=twsrc%5Etfw">FreedomOfPress is watching live, and we've never seen anything like this. This is more than a spectacle -- this is drama. All eyes turn to the dark horse. https://t.co/GOcrOiraXS— Edward Snowden (@Snowden) April 16, 2021
Titled “Stay Free,” the unique crypto art portrays Snowden’s face, based on a photo by visual artist Platon, embedded within the pages of the landmark court decision that the Patriot Act did not permit mass collection and surveillance of Americans' phone records by the NSA.
NEW: Our board president Edward
Snowden</a> will auction an original NFT today, with all proceeds going to <a href="https://twitter.com/FreedomofPress?ref_src=twsrc%5Etfw">FreedomofPress. Read more: https://t.co/spED4wPFsF— Freedom of the Press (@FreedomofPress) April 15, 2021
According to Snowden himself, the proceeds of the auction will be donated to the Freedom of the Press Foundation, where he also sits on the board of directors for the non-profit.
At $5.4 million, this NFT is now among the highest-selling crypto art pieces to be sold so far, even among the recent craze that saw digital artist Beeple selling his collection for a record $69 million last month.
At this time, this is Snowden’s only NFT up for auction, so it’s unknown if he has any future plans for more.
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this ain't necessarily relevant, but…
Bruh, peep this one. Like really, peep this one.
https://knowyourmeme.com/memes/events/sega-of-japan-nft-controversy
Mzuark
I guess his fame for being a Whistleblower has finally faded away. He's looking for another gimmick.
WarLordM
What the fuck is the point of these things. Only morons think they have value
Ihavenoidea!
It's money laundering for people who are already rich or famous. There is no point other than to trade them for insane amounts of money.
mandrac
It make as much sens as instead of spending 200 bucks on a gold plated watch you spend 20 000 bucks on a gold plated watch with "rolex" writen on it. Rich people have so much money that they just don't know what to do with it to a point that they spend fortunes on literaly nothing just for the sake of braging that they spent that much money because they could.
Timey16
Especially since… you know what else a "Non Fungible Token" is?
Actual physical money!
Every bill or coin is a token with a fixed value attached to it. No, you can not cut a $50 bill in half and then say you have two $25 bills. The bill only retains it's value as a complete one and that value will be the same, therefor making it non-fungible.
And a physical money transaction only takes a fraction of the CO2 (yes this includes the production of the money) than those fucking NFT do!