Julian Lennon, the son of late Beatles legend John Lennon and his first wife Cynthia, has immortalized some of the band’s artifacts in the form of non-fungible Polygon tokens (NFTs).
Julian Lennon is selling various items of Beatles and John Lennon memorabilia as an NFT, according to a report by Decrypt published on January 25, while the physical artifacts will remain off the auction table. The “Lennon Collection” is a collection of NFTs that includes Paul McCartney’s handwritten notes on the song “Hey Jude” as well as John Lennon’s wardrobe from his time with the Beatles.
The digital “Hey Jude” notes will be auctioned off for $30,000, while a black cape and an Afghan coat used by John Lennon will be sold for $8,000 and $6,000, respectively. Users will also be able to bid on NFTs of many guitars owned by John Lennon, which will start at $4,000 each.
The collection is being built on Polygon through a partnership with YellowHeart, according to the article. The choice to use the Polygon was made because the layer 2 scaling approach is “more environmentally friendly,” according to YellowHeart.
Julian tweeted that a portion of the revenues from the auction would be donated to the White Feather Foundation, an environmental and humanitarian group that will use Nori ($NORI), a “blockchain-backed carbon removal marketplace,” to offset the NFTs’ carbon impact.
Related Posts – Ex-SEC Chair, Jay Clayton Believes Cryptocurrency Industry Is For Long Haul
A Digital European Project In Works With Italian Payments Provider Nexi
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.