After more than 30 bids, the auction ends at 12:32 p.m. Eastern time, with the winning bid of 350 Ether, or about $ 560,000. Minutes later, after the auction platform cut it down, nearly $ 500,000 in crypto poured into my digital wallet. I was stunned. Congratulatory texts and media requests started pouring in. My colleagues joked about hardening charities and moving to the Cayman Islands. My editor said I shouldn’t expect a raise.
The whole challenge is surreal, and it begs the question: Why would anyone bid a premium Lamborghini for a photo in my opinion? After all, the NFT is just a cryptographic signature linked to an image of a column that anyone can read on The Times website, albeit with a few bonus perks. (I also specified that I would include the winners’ names and photos in the next column and Michael Barbaro, the host of “The Daily”, agreed to send a voice message to the winner.)
The winner, whose handle on the auction site is @ 3fmusic, appears to be a well-known NFT collector. The profile on this page is linked to the Twitter profile of a music production company based in Dubai, and the Instagram account identified by Farzin Fardin Fard, the company’s chief executive. The user’s NFT collection includes many other expensive digital works, including a $ 14,000 “emoji portrait” by musician Billie Eilish and a $ 8,000 work. titled “A dancing spider enjoying coffee in the morning”.
I contacted @ 3fmusic to congratulate the purchase and discuss the bid. They (whether the winner is Mr. Fard or some of the individuals or others) declined to name – and due to the pseudo nature of blockchain-based transactions, there is no easy way for me to identify. They were in addition to the information they volunteered for – but they sent me a direct message statement on Twitter that read:
“We have been involved in art and communication for a long time,” the message was written. “Our management team is always in partnership with a number of highly knowledgeable and experienced art advisors who believe that we must evolve with technological movements that help us not just push business push but also supports artists and art markets. Therefore, we are proud to decide to devote enough capital and resources to invest in the NFT as industry pioneers. “
They also allowed me to include an image of their music studio’s logo in this column.
Jiannan Ouyang, an NFT collector who gave up the auction after overpaying 290 Ether (about $ 469,000), told me he decided to auction my NFT for both personal and professional reasons. . He’s a former Facebook research scientist, now a blockchain entrepreneur, and he’s married to a journalist.