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ART & COLLECTABLES

The ‘Last Session’ Photoshoot by Kurt Cobain Will Be Sold as an NFT

On May 3rd, a photographer’s legendary pictures of Nirvana and the late rockstar will be auctioned off.

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© Jesse Frohman

You can see them if you close your eyes: the leopard print top, the boyish trapper cap, and the white Jackie O sunglasses. The objects are unmistakable when worn together, but their wearer appears to be distinctive from every perspective. Maybe it’s because Kurt Cobain’s personality was like a flame: it could be bold and vivid at times, but only when it wasn’t chaotically flickering or struggling to stay alive.

Soon, Nirvana frontman’s last formal photoshoot, which took place only months before his death in the spring of 1994, will be available to one mega-fan to closely explore the intimate moments.

Jesse Frohman, a photographer, launched a website on Wednesday to auction off an NFT containing more than 100 photographs from that day, dubbed “The Last Session.” According to Frohman, several contact sheets and negatives had never been screened prior to the development of this drop, so some of the photographs had never been seen publicly. Anyone can view thumbnails of the images online starting at 12:00 p.m. ET on April 28th, but only buyers can receive the high-resolution versions.

The auction will begin at 12:00 p.m. ET on May 3rd and end at 6:00 p.m. ET on May 7th. The starting offer for the one-of-a-kind Holy Grail is 27.27 ETH, which is approximately equivalent to $72,000 USD at press time.

“Everyone was doing an individual picture here, an individual picture there, maybe a group of three here,” Frohman says of bundling 104 pictures together on a single NFT. “This is a one-of-a-kind opportunity that will not be repeated.” He sees the shoot as a significant historical event that needs to be honored. Frohman compares going through all of the pictures in one sitting to watching a movie because of Cobain’s ever-shifting energy. He describes it as “like a movie review.”

Although purchasing “The Last Session” NFT is the only way to see the unseen images, there are other, more accessible alternatives. The “Nevermind Editions,” which consist of ten one-of-a-kind, individually colorized quadriptychs of Cobain, have a starting bid of 2.7 ETH ($7,000 USD). One of these is framed and hangs on the wall behind Frohman as he speaks with Rolling Stone over Zoom from his living room. He says, “In truth, Miley Cyrus bought that one in the same size.”

Finally, the “In Utero Editions” are the cheapest, consisting of 20 five-of-five, individually colorized portraits and group shots of Krist Novoselic and Dave Grohl. These can be purchased outright for 1 ETH (approximately $2,600 USD) with “buy it now.”

© Jesse Frohman

A part of the proceeds will be donated to the JED Foundation, a non-profit organization dedicated to preventing suicide and promoting mental health among teenagers in the United States. When asked whether any of the proceeds would go to the Cobain Estate or living Nirvana members, Frohman says no such plans have been made. The estate, on the other hand, is completely aware of the project and, as Frohman points out, is already working with the JED Foundation.

Though Frohman has sold work through galleries and other third parties in the past, he has never sold directly to collectors, so NFTs excite him. “Every now and then, a celebrity or someone can contact me directly, but for the most part, I don’t have that connection,” he says, adding that NFTs often offer his photos “a different kind of life.” “In the crypto world, I consider Kurt to be an idol and a kind of hero. They like going against the grain. That’s what Kurt was to me. He was vehemently anti-establishment, and he was not afraid to say so. I believe the NFT art space would pique his interest.”

These NFTs are not available on any online marketplace by design. Instead, the website that hosts the collections was designed by Serotonin, a self-described “marketing firm and product studio for revolutionary innovations” that launched almost a year ago. (Serotonin was also in charge of the tech, assembling the NFTs and arranging the drop.)

© Jesse Frohman

“We believe that the perfect experience for any brilliant, artistic artwork is total, complete immersion with the artist and the story behind it,” says Matthew Iles, Serotonin co-founder and partner. “We asked ourselves, ‘How can we give people a direct link to Kurt, Nirvana, and, by extension, Jesse?’ There are some nice choices in the existing NFT marketplace environment, but none that are completely owned and dedicated.”

Serotonin and Frohman were both adamant about not representing Cobain as a commodity in a large, virtual warehouse when they saw the finished set, which is intended to respect his individualistic existence. Frohman says, “I couldn’t comprehend being around CryptoPunks and being surrounded by that culture.” “They’re in perfect condition. I just had the feeling [this series] was going to get lost. And I wasn’t able to say the whole story, including the shoot and the drop.” He desired greater influence over the presentation and discussion. “I just think it’s more interesting this way,” he says.

ART & COLLECTABLES

A YouTuber has Exchanged his Tesla Roadster for an NFT

“Looking back in a year, two years, or three years, this could be a monumentally idiotic decision, but it could also be a fantastic decision,” Dan Markham said.

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Dan Markham, the creator of the What’s Inside YouTube channel with seven million subscribers, has swapped his Tesla Roadster for a single nonfungible token.

Markham traded a blue Tesla Roadster — which he claimed may be worth “a quarter-million dollars pretty soon” — for a nonfungible token of a “positive porcupine” in a video posted to his What’s Inside Family channel on Sept. 15. The NFT was created as part of the VeeFriends project and is owned by Eli Burton, the creator of the graphic novel The Adventures of Starman.

“Looking back in a year, two years, three years, it may be a monumentally idiotic decision, but it could also be a fantastic decision. I feel these automobiles will hold their worth for a long time, and I am a firm believer in NFTs.”

YouTuber added:

“It’s a picture for a car — clearly he’s getting the better end of this deal.”

Before learning of Markham’s offer, Burton said he had planned to sell the digital painting for more than $100,000. But, according to the graphic novelist, trading the NFT for the car was “as simple as supply and demand,” as there were 10,000 tokens available at a starting price of $60,000 apiece. VeeFriends has a list of 40 porcupines that seem alike in a range of settings.

“Having it makes practically no difference in terms of money – whether it’s in a collector automobile or a collectible NFT — it’s still collectible,” Markham said.

Even though the two collectors exchanged NFTs on the blockchain, the transaction was primarily conducted in the real world, with Markham physically handing Burton the Tesla’s paper title and key. The porcupine is presently listed on OpenSea with a top bid of 16.339 Wrapped Ether (WETH) — around $56,445 at the time of publication — but Markham stated that he intends to keep the NFT in order to obtain access to a VeeFriends token holders-only conference.

NFTs have also been linked to physical collectibles by certain cryptocurrency users. For example, in July, an entrepreneur held simultaneous auctions for an Apple co-founder Steve Jobs job application and an NFT. The actual paper sold for $343,000, while the NFT received a final bid of 12 Ether (ETH), or $27,460 at the moment.

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ART & COLLECTABLES

NFTs Inspired by Freddie Mercury is Being Released to Benefit an AIDS Charity

On the 75th anniversary of his birth, the renowned musician is honored with a special NFT collection.

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Four digital collectible artworks inspired by the late Freddie Mercury will be auctioned soon. On what would have been the singer’s 75th birthday, the auction will take place.

Blake Kathryn, Chad Knight, Mat Maitland, and MBSJQ contributed artwork to the collectibles. SuperRare, a digital art marketplace, will host the timed auction. It will go live on September 20th and will last 75 hours, according to the organizers.

Furthermore, the auction earnings will benefit the Mercury Phoenix Trust, an AIDS charity. The nonprofit was formed in remembrance of the singer by Queen band members Brian May and Roger Taylor and band manager Jim Beach.

Three of the NFTs in the collection feature images of the performer himself. The fourth image depicts a white grand piano with a crown on the seat and a goldfish pond in the background.

Both SupreRare and the charity linked the effort to Mercury’s inventiveness in a joint statement. “When Freddie Mercury died, he left the world an obvious artistic brief. ‘You can do whatever you want with my work as long as you don’t bore me.’

NFT Commemorations

The popularity and activity of the NFT market has exploded in the recent year. These digital collectibles took over key mainstream industries, resulting in the emergence of a digital metaverse. Some, such as Tether’s co-founder, predict that in the future, “every consumer product will have an NFT.”

Like the Freddie Mercury NFT, various examples of this technology have been deployed in space for commemorative and charitable objectives.

Beeple, a well-known digital artist, sold an NFT for $6 million and donated the earnings to the OpenEarth Foundation. Pele, a Brazilian footballer, also sold NFTs as digital trading cards and donated the proceeds to his charity.

NFTs also allow for the creation of a digital capsule or a remembrance of something or someone. For example, Russel Simmons and Snoop Dogg just released an NFT anthology honoring hip-hop music pioneers. Never-before-seen artwork and music from industry giants were featured in The Masterminds of Hip Hop.

Commemorative NFTs are popular outside of the music industry as well. Unreleased images of Kobe Bryant were put up for auction as NFTs in August. Bryant was photographed while he was an 18-year-old basketball player.

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ART & COLLECTABLES

Do you Aspire to be President? You Can Now Purchase the White House as a Virtual Property NFT

For decades, the White House has served as a symbol of the American people and democratic values. Until today, the public could only fantasize about possessing an actual model of the White House for their house. However, you may now own a piece of history—as well as home decor—by purchasing an NFT powered by Next Earth.

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Who is the owner of a piece of history?

Many well-known landmarks have historical significance for the cities in which they are located. Maybe one day, you’ll be able to “purchase” a section of the Great Wall of China or a space on Mount Rushmore. The public, however, now has that ability with the purchase of an NFT on Next Earth. Likewise, on the Ethereum blockchain, you can own land tiles of the White House by simply picking them from a map of the world.

What is the value of it? No one knows how the digital real estate replica phenomena will develop because the notion is still in its early stages. Virtual properties, on the other hand, have been sold for large sums in past virtual worlds. As a result, it’s possible that an NFT version of the White House could one day be sold for a considerable sum—much like a house—in the future.

Putting Together a Virtual Real Estate Portfolio

Although the White House serves as the residence of the President of the United States, it is also a significant piece of real estate. The same may be said of numerous famous properties worldwide, whether or not they are political milestones.

Take a glance at any large city on the earth, and you’ll see that it has its own set of valuable assets, whether virtual or tangible. Furthermore, because you can develop nearly anything on land, it is the place to be.

So, what if you could purchase a plot of land in a major city? In a world where everything is now a piece of digital real estate, a plot of land that would be yours to develop – yours to do with as you please? That is precisely what Next Earth is constructing.

The Metaverse’s Implications

The White House NFT is just one of several high-profile real estate properties available for purchase in the metaverse. The metaverse represents the ability to own digital real estate in virtual environments. Virtual real estate can be owned, developed, and monetized in the metaverse.

We’ve already seen many significant business leaders tweet about buying NFTs and other virtual real estate assets in the metaverse, such as sports memorabilia. As more organizations and individuals get on board with investing in digital real estate, this trend will only continue to increase.

The Metaverse in the Future

These days, the metaverse craze is all the rage, and virtual real estate is no exception. One of the metaverse’s possible futures is similar to Ready Player One but without the dismal components. Virtual real estate based on NFT is already a reality, and Next Earth is leading the way.

Second Life and The Sims were among the first to provide Metaverse 1.0, which is a centralized virtual world that you can explore, construct, and play with. But, of course, at the end of the day, the centralized firm in the middle would be in charge of your assets.

For the first time, Metaverse 2.0 integrates blockchain technology with a digital duplicate of Earth, allowing users to hold rare digital assets that can be brought to life. Within the metaverse, users form communities that provide chances for interaction with other users and the construction of virtual structures.

Metaverse 3.0 is the way things will be in the future: It’s a hybrid of virtual reality, metaverse 2.0, and blockchain technology. This is a digital rendering of what our home planet would look like if we turned it into a virtual reality experience. People will interact with the real world via digital avatars, communicate as if they were in person, and construct virtual reality-only objects. The infrastructure required for this new version of the metaverse to operate safely, securely, and transparently is provided by the blockchain, the technology that allows bitcoin to act as money rather than merely a digital currency.

In their metaverse, Next Earth is now selling virtual land tracts. The NFT-based metaverse is already an amazing development and yet another illustration of how blockchain and NFTs are transforming our lives, with more intriguing innovations in the pipeline, such as pixel-based land art.

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