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Young man auctions NFT from his soul and price already exceeds 1,000 ETH, over USD $3 million (watch it here)

Alex Coin
April 3, 2022
Reading Time: 3 mins read
0
alma

Un muchacho holandés decidió subastar su alma en forma de token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. no fungible, NFT.

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***

The NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. dan para todo, desde colecciones de gaticos, hasta arte, deportes, political documents games, virtual food and so on and so forth. But this news goes even further: there is a Dutch boy who is now is auctioning off his soul. So, like Faust (the protagonist of Goethe’s dramatic poem), who sold his soul to the devil for more knowledge, this guy auctions his soul in the form of a non fungible in cryptocurrency, fungibility is when a coin or token can be replaced by any other identical coin or token. token (NFT) to get money (and at the same time go viral).

And the auction an auction is a public sale through a bidding process where an asset is sold to the highest bidder. price goes up and up.

Contemos la historia:

Stijn van Schaik, a 21-year-old student at the art academy in The Hague, the Netherlands, put up for auction a non-fungible token named“Soul of Stinus” (stinging soul, it could be translated) in OpenSea . Reportedly, the NFT is ready to be uploaded to the blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. before being sold to the highest bidder.

But it’s not just any image. The young man claims to be auctioning off nothing more and nothing less than his soul.

Well, it is not really possible as such to digitize a soul, but the proposal has gone viral for its originality. Surely, as an art student, what he is doing is an artistic proposal to show the scope of NFTs. And he is succeeding.

The image of the non-fungible token at OpenSea is accompanied by this text.

“Hello person, you are currently looking at a soul. For now, it’s mine. Once it’s fully uploaded to the blockchain, who knows what will happen. What does it mean for a soul to be decentralized? Let’s find out “Schaik wrote.

Permitted Uses

To accompany the proposal, the young man created a website which contains a contract in traditional finance, a contract is a binding agreement between two parties. In cryptocurrencies, smart contracts execute functions on the blockchain. setting out the permitted uses of the soul.

There it explicitly stated the uses of the Soul that would be permitted under the terms of the contract, which include (but are not limited to):

“Publicly claim to be the owner of the Soul in question.
– Transfer of such Soul, in whole or in part, to any person or entity, for any reason whatsoever.
– Sacrifice or offer such Soul, in whole or in part, to any deity or spiritual entity.
– To expend or use the soul, in whole or in part, for some purpose that causes it to diminish in value, quantity, or substance or to be subsumed into a larger whole.
– Transfer the burden, credit, or responsibility for any action reflected in the State of a Soul from another Soul to this Soul or from this Soul to another Soul.
– Long-term storage, use or preservation of the Soul in a state that would prevent it from taking the course of development, evolution or relocation that it may otherwise take naturally or due to the actions or material state of Stinus”.

You can read here the complete soul sale agreement.

Joke, artistic proposal or whatever, as it can be seen in OpenSea, the current price is already over 1,000 ethers, which is over USD $3.4 million. This is a listing the addition of an asset or an asset pair to an exchange. offer made today by a user nicknamed ControversB.

nft alma
Announcement of the sale of the soul in Opensea.

However, in the offers, as such, in the Opensea appears in bidding as the highest – so far – one for 0.15 ETH, or USD $492 at current prices. The bid of ControverseB as 1,040.25 ETH is labelled as “en list”. There is also a sale for 0.11 ETH on March 30.

Sources: Artist’s website, Opensea , Timesnownews , archivo

Reporte de DiarioBitcoin

Main image by Unsplash

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Alex Coin

Cryptoinvestor. I follow the world of cryptocurrencies. Looking for the most relevant and significant news for you :)

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