Reasonable doubt NFT rated the highest it has ever had at 130K.
On June 24, Jay-Z announced that he would be auctioning his Reasonable doubt album cover as NFT.
Sotheby’s Auction House started the bidding war at $ 1,000, but the cover value of the NFT album created by Brookly, titled “Heir to the Throne: An NFT in Celebration of JAY-Z’s Reasonable doubt Derrick Adams 25th Anniversary ”, skyrocketed to $ 138,600.
Originally published on June 25, 1996, Reasonable doubt, sparked all the success for the Brooklyn-based Marcy Homes Projects rapper. For the 25th anniversary, Jay-Z teamed up with legendary artist, businessman and philanthropist Derrick Adams to create a unique animated digital artwork that Sotheby’s will auction on its website.
This is not the only example of new technology brought back by a historic hip hop music school. Recently, the legendary rap group A Tribe Called Quest auctioned their first five albums as NFT and earned more than 80k in revenue.
Do you think we will see more artists recognize the enormous potential in the NFT space?