Weird NFTs that people actually buy

Quick take:

• The first NFT watch was sold for $100,000.
• A fart NFT sold for 0.6 ETH.
• Twitter CEO Jack Dorsey’s first tweet sold for $2.9 million.

When NFTs were nothing more than JPEGs riding the hype earlier this year, people came up with all kinds of weird ideas for NFTs to cash in on the craze. Some of them did well and others lost by splurging on the odd NFT. What are some of the weird NFTs that people bought and how are they doing? Read on to find out!

Boring monkeys

Before Yuga Labs and its Bored Apes became an empire in the NFT space, it might seem strange to some people that the digital art of monkeys supported by NFT became so popular. Bored Ape Yacht Club was released in April 2021 by its parent company, Yuga Labs, and is the second most popular NFT by total volume on OpenSea, with sales of the NFT collection exceeding $1 billion. As of this year, Yuga Labs is valued at $4 billion. On November 23, Bored Ape #232 sold for 800 ETH ($927,000), even in the midst of the bear market and the downward trend in the collection’s prices.

The first NFT clock

In April, the luxury jewelery and watchmaker brand Jacob & Co. out the first ever NFT watch, which was auctioned off for $100,000. The buyer of the NFT watch is unknown. Why would anyone splurge on an NFT animation of a watch that doesn’t tell when they could spend the same amount on a physical watch? Apparently, there is a market for High-End Digital Assets (HELDAs) in the NFT space, according to Jacob & Co. Since then, luxury fashion brands have also launched NFT collections, perhaps proving the watchmaking company right.

Rødex models

The Rødex NFT watches are made by watch nerd and crypto enthusiast Jesus Calderon, and are made for fans of Rolex. Currently available as part of his Generative Watches NFT collection, the Rødex Daitona and Rødex Bitmariner are inspired by the Rolex Daytona and Submariner. The most expensive piece in the Rødex collection was the Rødex Daitona #0057, which sold for 1 ETH a year ago, but the entire Generative Watch collection only has a total volume of 34 ETH.

First tweet

The NFT image of former Twitter CEO Jack Dorsey’s first tweet sold for an eye-watering $2.9 million last year. It was bought by crypto entrepreneur Sina Estavi, who put it up for sale in April for $48 million. Unfortunately, the auction only received seven total bids from 0.09 ETH to 0.0019 ETH.

Speed ​​pots

In January, former reality TV star Stephanie Matto of 90 Day Fiancé fame went from selling physical jars of her farts to NFT art of fist jars, created in collaboration with Darren Lamb of Full House NFT Studio. Lamb approached Matto last fall to discuss the possibility of creating an NFT collection together, and the odd speed jar collection was born.

Matto made headlines for her physical speed pots, which reportedly generated an income of £38,000 a week, but said she couldn’t “be a speed shark forever” and saw the collaboration as a way to break into the NFT world. Unfortunately, the Fart Jars NFT collection didn’t do as well as the physical ones. The most expensive piece was sold for 0.6 ETH in May, but the entire collection only has a total volume of 6 ETH and a floor price of 0.01 ETH, according to OpenSea.

****

Sign up to the world’s largest crypto exchange Binance to buy and sell cryptocurrencies.

Keep yourself updated: