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The unsold NFTs of Tupac Shakur š„š³š²
For 29 years, former hip-hop journalist Lawrence "Loupy D" Dotson held on to a series of photographs of famed-rapper Tupac Shakur. The photos were taken at the rapperās "2Pacalypse Now" debut album release party in 1992 and were announced for public auction in the form of nonfungible tokens, or NFTs, in November of this year. In an interview with Cointelegraph, Loupy D stated: "I also considered photo exhibits, museums, all kinds of ways. With NFTs, itās not just about the asset itself but the story behind the asset. I knew I needed to get my story out there in the public eye."
The OpenSea auction had notable press coverage beforehand, including from RollingStone and Fortune.com. For a week, the auction continued. However, not a single piece was sold out of the 18 Tupac photo NFTs. In his disappointment, Loupy D took them off the platform and opened them up for private inquiries. But, to be fair, the photographer may have been asking too much, as each NFT piece had a minimum bid of 25 ETH ($100,000). Earlier this year, another artistĀ askedĀ 200 ETH ($1 million at the time) for a photo of Tupac Shakur taken 14 days before his death in a drive-by shooting. That NFT has not sold despite the price dropping down to 10 ETH. Simply asking too much or has Tupacās popularity faded? You be the judge.Ā
#crypto2023 #Tupac #Cr7ypto #Binance #dyor $BTC $BNB $ETH
For 29 years, former hip-hop journalist Lawrence "Loupy D" Dotson held on to a series of photographs of famed-rapper Tupac Shakur. The photos were taken at the rapperās "2Pacalypse Now" debut album release party in 1992 and were announced for public auction in the form of nonfungible tokens, or NFTs, in November of this year. In an interview with Cointelegraph, Loupy D stated: "I also considered photo exhibits, museums, all kinds of ways. With NFTs, itās not just about the asset itself but the story behind the asset. I knew I needed to get my story out there in the public eye."
The OpenSea auction had notable press coverage beforehand, including from RollingStone and Fortune.com. For a week, the auction continued. However, not a single piece was sold out of the 18 Tupac photo NFTs. In his disappointment, Loupy D took them off the platform and opened them up for private inquiries. But, to be fair, the photographer may have been asking too much, as each NFT piece had a minimum bid of 25 ETH ($100,000). Earlier this year, another artistĀ askedĀ 200 ETH ($1 million at the time) for a photo of Tupac Shakur taken 14 days before his death in a drive-by shooting. That NFT has not sold despite the price dropping down to 10 ETH. Simply asking too much or has Tupacās popularity faded? You be the judge.Ā
#crypto2023 #Tupac #Cr7ypto #Binance #dyor $BTC $BNB $ETH