The Ringo Starr NFT Collection will debut next month in an online auction. The collection, named “Ringo Starr NFT Collection – The Creative Mind of a Beatle”, will feature five different NFTs (four of each set) up for sale. The auction is scheduled for June 13, and fans can bid on the artworks starting at $1000. This event will be hosted by Julien’s Auctions, and according to Julien’s Auctions CEO Darren Julien, Ringo Starr is an “innovative auction legend.”
The 81-year-old former Beatles drummer will auction off his digital artwork in an online auction next month. The collection is also titled “Ringo Starr NFT Collection — The Creative Mind of a Beatle.”
Relax, the drummer is here
Furthermore, he has set the auction date for June 13, with five different NFTs (four of each set) for sale. The event is being hosted by Julien’s Auctions, and fans can bid on the artworks beginning at $1,000.
Sir Ringo Starr was an “innovative auction legend,” according to Julien’s Auctions CEO Darren Julien.
Meanwhile, the NFTs will include animated artwork as well as a “custom-made drum composition recorded and played” by Ringo Starr. Fans who buy the NFTs will also receive 25′′ x 25′′ canvas prints signed by the Beatles drummer.
The Lotus Foundation
In addition, a portion of the proceeds from Ringo Starr’s NFT collection will benefit his charity, The Lotus Foundation. In a nutshell, it is an organization that funds projects aimed at improving people’s social welfare and health in a variety of areas.
“I only ever wanted to be a drummer,” Ringo Starr said, “but you never know where a new idea or path will lead you.” Indeed, many musicians, artists and writers are realizing the benefits of securing and monetizing their work through NFTs.
“This new technology is so far out that it has inspired me, and I have enjoyed creating these NFTs that combine my art and my music.” Who would have guessed I’d be spreading peace and love in the MetaVerse?”
NFTs along with the larger crypto market have been hammered recently, much to the chagrin of investors.
Yet, perhaps it is time for a market shakeout that will rid the space of useless crypto projects and cartoon ape NFTs that have no value and instead promote projects that have a cultural heritage and a lineage of value that will better stand the test of time.
It’s the fundamental human condition. People want to increase the worth of items they treasure and find useful-be it houses, cars or baseball cards. They’ll pump the respective system to increase the value of its network, whether it’s a nation (e.g., “America is the best!”), a currency ( you have to buy Dogecoin now), or in this case, a social token in the form of an NFT.
Why not turn fans into investors for a change in an industry dominated by overly greedy institutions?
What do you think about Ringo Starr debuting his own NFT collection? Let us know in the comments below!
Jay Speakman is a technology writer based in San Francisco, California. He writes on the topics of blockchain, cryptocurrency, DeFi and other disruptive technologies. Clients include Avalanche, Be[in]Crypto, Trust Machines and several blogs devoted to blockchain gaming. He will not rest until fiat currency is defeated.