{"id":139009,"date":"2021-09-17T01:41:41","date_gmt":"2021-09-17T01:41:41","guid":{"rendered":"https:\/\/precoinnews.com\/?p=139009"},"modified":"2021-09-17T01:41:41","modified_gmt":"2021-09-17T01:41:41","slug":"youtuber-trades-tesla-roadster-for-nft","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/youtuber-trades-tesla-roadster-for-nft\/","title":{"rendered":"YouTuber trades Tesla Roadster for NFT"},"content":{"rendered":"

Dan Markham, the creator of the seven-million subscriber What\u2019s Inside<\/em> YouTube channel, has traded his Tesla Roadster for a single nonfungible token (NFT).<\/p>\n

In a Sept. 15 video on his What\u2019s Inside Family<\/em> channel, Markham exchanged a blue Tesla Roadster \u2014 which he estimated could be worth \u201ca quarter-million dollars pretty soon\u201d \u2014 for a nonfungible token of a \u201cpositive porcupine.\u201d The NFT was a creation of the VeeFriends project and owned by Eli Burton, the artist behind The Adventures of Starman graphic novel. <\/p>\n

\u201cLooking back on this in one year, two year, three years from now it could be a monumentally dumb decision but it also could be a great decision,\u201d said Markham. \u201cI think these cars have a lot of value for a long time and I do believe in NFTs.\u201d<\/p>\n

The YouTuber added:<\/p>\n

\u201cIt’s a picture for a car \u2014 clearly he’s getting the better end of this deal.\u201d<\/p><\/blockquote>\n

Burton said he had originally been planning to sell the digital art for more than $100,000 before learning of Markham\u2019s offer. According to the graphic novelist, trading the NFT for the car was \u201cas simple as supply and demand,\u201d as there were 10,000 of the tokens currently available and each valued for a starting price of $60,000. VeeFriends lists 40 similar porcupines in a variety of backgrounds. <\/p>\n

\u201cThere’s almost no difference as far as the money perspective goes by having it \u2013whether it’s in a collectible car or a collectible NFT \u2014 it’s still collectible,\u201d said Markham.<\/p>\n

Related: <\/em><\/strong>‘Why I spent $111K on a digital F1 Car’ \u2014 NFT collector<\/em><\/strong><\/p>\n

Though the two collectors swapped the NFT on the blockchain, the trade was carried out largely in the real world, with Markham physically handing Burton the paper title and key to the Tesla. The porcupine is currently listed on OpenSea with a high bid of 16.339 Wrapped Ether (WETH) \u2014 roughly $56,445 at the time of publication \u2014 but Markham hinted that he planned to keep the NFT to gain admission to an exclusive conference for VeeFriends token holders. <\/p>\n

Some crypto users have also been experimenting with linking NFTs to physical collectibles. In July, an entrepreneur launched simultaneous auctions for a job application from Apple co-founder Steve Jobs and an NFT of the same. The physical paper ended up selling for $343,000, while the final bid for the NFT was 12 Ether (ETH), or roughly $27,460 at the time.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Dan Markham, the creator of the seven-million<\/p>\n","protected":false},"author":3,"featured_media":139008,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nYouTuber trades Tesla Roadster for NFT - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/youtuber-trades-tesla-roadster-for-nft\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"YouTuber trades Tesla Roadster for NFT - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Dan Markham, the creator of the seven-million\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/youtuber-trades-tesla-roadster-for-nft\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-17T01:41:41+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/09\/YouTuber-trades-Tesla-Roadster-for-NFT.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/youtuber-trades-tesla-roadster-for-nft\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/youtuber-trades-tesla-roadster-for-nft\/\",\"name\":\"YouTuber trades Tesla Roadster for NFT - 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