Megadeth band NFT sold for nearly $18,000

Megadeth has sold its first NFT (non-fungible token) for 8.4 ETH, which is approximately worth 18,000 dollars.

Megadeth just joined the NFT world as well. Selling its first token, a 6-second-long  video including a turning Vic Rattlehead and Megadeth inscription without sound, the popular American thrash metal band made 8.4 ETH on the NFT. This amount is approximately worth 18,000 dollars. You can check out the artwork that was sold on Rarible here. The person who bought Megadeth’s first NFT is Adrian Woodward, someone seemingly very active on Rarible with over 100 collectibles.

Megadeth sold its first NFT

The band earlier announced that they were selling this artwork on Rarible, and the auction has ended now.

As this is the first NFT by Megadeth, and one of the first NFTs by the bands, this artwork naturally goes up in value. Despite not having sound and much content in it, Megadeth’s Vic Rattlehead: Genesis NFT managed to be sold for nearly $20K. If you’re not familiar with all this NFT stuff, you can check out our little guide about it by clicking here.

What are NFTs?

Non-fungible tokens are tokens that cannot be interchanged with those that are like them. This feature of them (non-fungibility) is what makes NFTs the perfect way to sell digital artwork. As everything becomes more and more digital these days, art finds a way to include itself in this mania as well. The skyrocketing market capitalization of cryptocurrencies is another factor why NFTs have become such popular.

People pay a crazy amount of money to buy digital artworks that are sold as NFTs, and many cannot understand this mania. Actually, it helps if you look at NFT artworks as investments. They have the potential to be antiques in the future, and cryptocurrencies being this popular helps this notion to be more plausible. However, we’ll see what time brings and whether NFTs will still be that valuable in the future.

Add Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Chris Cornell’s Family Sues His Doctor Over His Suicide
My Chemical Romance Launches Charity Collaboration With Soundwaves Art
Here are the first photos from House of the Dragon, the GoT spin-off
Here are the First Photos From House of the Dragon, the GoT Spin-Off
Spotify Premium might be free with Xbox Game Pass Ultimate
Eskimo Callboy Releases New Version of Hype Track “Hypa Hypa”
Sensational Psychedelic Rock Band The Lazy Eyes Drop Their New Single
Sensational Psychedelic Rock Band The Lazy Eyes Drop Their New Single
Lamb of God frontman Randy Blythe says Gojira has raised the bar again
Ozzy Osbourne: “My Rock God is Lemmy Kilmister”
Anthrax guitarist Scott Ian was "blown away" by Metallica
Anthrax Guitarist Scott Ian Was “Blown Away” by Metallica
Fear Factory guitarist Dino Cazares: "Why can't Metallica do more of that?"
Fear Factory Guitarist Dino Cazares: “Why Can’t Metallica do More of That?”
Lamb of God frontman Randy Blythe says Gojira has raised the bar again
Ozzy Osbourne: “My Rock God is Lemmy Kilmister”
The Top Five Nerdcore Hip Hop Artists of All-Time
GUNS N' ROSES Guitarist Richard Fortus Talks About BUCKETHEAD
The Top 10 Guns N’ Roses Songs of All-time
The Top 10 Green Day Songs of All-time
The Top 10 Bands that Defined the 2000s Kerrang Era