The central theses
- Rick and Morty creator Justin Roiland has expanded into the NFT world.
- The “The Best I Could Do” collection raised $ 1 million in a Nifty Gateway auction.
- The most valuable item, a one-of-a-kind piece called “The Smintons,” sold for $ 290,100. The proceeds of the sale will be donated to LA homeless camps.
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Justin Roiland just raised $ 1 million from a collection of NFTs. It’s the Rick and Morty legend’s first foray into the world of crypto art.
Rick and Morty make NFT debut
Justin Roiland’s first NFT collection just raised $ 1 million.
The legendary animator, best known for creating the popular Rick and Morty series, released his collection “The Best I Could Do” through Nifty Gateway, Gemini’s NFT auction platform.
Roiland already talked about cryptocurrencies and tweeted about Bitcoin back in 2015, but “The Best I Could Do” is his first step into the world of NFTs.
Thirteen pieces were available in drop, including five unique editions.
A five-minute open spending raised $ 275,391. Copies were minted for anyone bidding within the short time window and two larger editions of 100. The most wallet-friendly piece was available for just $ 10.
A one-of-a-kind piece based on his popular animated series titled “The First Edition of Rick and Morty Cryptoart,” sold for $ 150,000 in a silent auction.
Another, called “The Smintons,” an unsubtle reference to the world’s most popular animated sitcom, sold for $ 290,100. Roiland said that the proceeds from “The Smintons” will be donated to the homeless in Los Angeles.
@JustinRoiland’s Smintons sold for $ 290,100! Congratulations to the collector and Justin! pic.twitter.com/vbyenEmJjh
– Nifty Gateway (@niftygateway) January 21, 2021
Nifty Gateway found that the seven figure payout makes “The Best I Could Do” one of the most valuable NFT drops of all time.
Last year, the iconic digital artist Beeple achieved an even higher sum with Nifty Gateway and collected a record 3.5 million US dollars from his “Everydays” drop.
NFTs attract speculation
As NFTs have gained more attention, speculation about the future value of digital art has resulted in some pieces selling for thousands of dollars.
The high prices do not only apply to digital art: In November a Trading card of the Parisian Saint Germain soccer player sold for $ 65,000 So rare, a fantasy soccer game where players trade and compete with NFTs of soccer stars.
NFTs are a form of token that live on the Ethereum blockchain. They cannot be replicated and serve as proof of authenticity and ownership. When a unique token like the one in Roiland’s collection is sold, its scarcity can be proven when the data is stored on the chain.
Although many well-known artists have recently turned to NFTs, Roiland is one of the most famous experimenting with the format. His science fiction sitcom Rick and Morty is one of the most iconic animated series in entertainment history.
It has won multiple awards, including two Primetime Emmys. Roiland is the animator, co-writer, co-producer, and lead voice on the show.
Disclosure: At the time of writing, the author of this role owned ETH alongside a number of other cryptocurrencies.
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