Dan Markham the creator of the seven-million subscriber what’s inside YouTube channel recently swapped his Tesla Roadster for a single nonfungible token (NFT)
Dan Markham the creator of the seven-million subscriber what’s inside YouTube channel recently swapped his Tesla Roadster for a single nonfungible token (NFT). In a video on What’s Inside Family channel Markham swapped a blue Tesla Roadster which according to him could be worth “a quarter-million dollars pretty soon” for a nonfungible token of a “positive porcupine”. The NFT was generated as a part of the VeeGriends project and owned by Eli Burton, the artist behind the Adventures of Starman graphic novel.
“Looking back on this in one year, two year, three years from now it could be a great decision,” said Markham. “I think these cars have a lot of value for a long time and I do believe in NFTs. It’s a picture for a car clearly he’s getting the better end of this deal.” Burton stated that the was planning on selling the digital art for more than $100,000 before knowing about Markham’s offer. The grahic novelist believes that trading the NFT for the car was “as simple as supply and demand,” as there were 10,000 of the tokens which is available right now all valued for a starting price of $60,000. VeeFriends lists 40 similar porcupines in different backgrounds. “There’s almost no difference as far as the money perspective goes by having it-whether it’s in a collectible car or a collectible NFT it’s still collectible,” said Markham.
Even though both collectors exchanged the NFT on blockchain, the trade was executed in the real world with Markham handing Burton the paper title and key to the Tesla by himself. The Porcupine is listed on OpenSea with a high bid of 16.339 Wrapped Ether (WETH) which is $56,445 during the time of publication but Markham stated that he was looking forward to keep the NFT to gain admission to an exclusive conference for VeeFriends token holders.