Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => NFTs & Collectibles => Topic started by: RSRS on July 22, 2021, 08:13:35 AM
-
In another world-first for the non-fungible token (NFT) space, Steve Job’s handwritten job application letter in its physical form and an accompanying digital NFT of the same item will go head to head in respective auctions.
Auction to Expose How Collectors Value Different Formats
As NFTs continue to push the boundaries of possibilities, whether introducing new, novel use cases for tokenization or adding layers of value propositions to existing physical items, the question of collector preference is set to best tested.
Today, at 9:41 AM Pacific Daylight Time (PDT), Rarible and Snoofa will be hosting simultaneous auctions set to last for six days featuring Steve Job’s 1973 handwritten job application in two rival formats: the original physical copy and an NFT version. The written application highlights Job’s skills and interests, underlining his experience just a year before moving to Atari, which was then just a startup in the gaming space.
Rarible, an NFT marketplace for creators and collectors to issue, sell, and trade NFTs in the IPFS protocol, ensures that Job’s application minted in NFT format is backed up and cannot be lost during the transfer process between owners. Snoofa, which provides auction platform software solutions, will be handling the auction for the physical version. Interested collectors can bid in ethereum (ETH) via the Rarible platform, and Snoofa will accept both U.S. dollars and ether.
Although physical items and assets can back corresponding NFTs depending on the nature of the NFT, this event marks the first instance where identical digital and physical versions will be competing side-by-side in separate auctions.
More information (https://cryptonews.net/en/news/nft/1135319/)