Lindsay Lohan’s NFT (non-fungible token) electronic music comeback single sold for $ 85,484.09. Lohan’s new song is called “Lullaby”, and it features the actress singing to a beat produced by Manuel Riva. The aforementioned song is a woman’s first NFT to be sold on FansForever, a marketplace for exclusive celebrity NFTs. Tron (TRX) cryptocurrency is being used to buy an NFT like Lohan’s, with a butterfly flapping its wings in harmony with the former Disney actress’ eyelids to the beat of “Lullaby”.
The description of “Lullaby” helped sell the NFT. Coming from a dream – ‘Lullaby’ is an exclusive collaboration between Lindsay Lohan and DJ Manuel Riva and is here to take you on a trip down memory lane and experience nostalgia all over again as you look through the images, be prepared to get lost in it for an experience that had never happened before. ”While a new Lindsay Lohan single may not have received much publicity on its own, the NFT tactic has clearly worked in its favor.
Lindsay Lohan says she has “fully invested in dropping this number as an NFT for the sole purpose of conveying a message of empowerment”. The NFT was expected to get some attention, but not a ton of people expected it to sell for nearly $ 100,000. “It’s only a matter of time before everyone in Hollywood and beyond gets involved,” Lohan said in a recent interview with Forbes. “Maybe we’ll see the tokenization of movies, and how artists are paid for their movies, music and art. I see a future where crypto, NFTs and blockchain will be the norm rather than the exception.”
NFT has become a bit controversial in recent months, but Lindsay Lohan thinks it can revolutionize that art world. “Tokenization through NFTs can help content creators and musicians actually own the property rights to what they create, and enable them to benefit accordingly,” she said. After pioneering electronic group Daft Punk called it quits earlier this year, Lohan sold an NFT with the duo for $ 15,000. The actress also hyped Bitcoin on social media to her 8.4 million followers.
In February alone, more than $ 300 million worth of NFTs were traded on the open market. Controversial artist Beeple sold one of his digital artworks NFTs for $ 69 million, causing a huge buzz on social media. Twitter CEO Jack Dorsey also joined the promotion, selling his “first tweet NFT” for $ 2.5 million. Some have criticized Lindsay Lohan for jumping on the cart, while others have praised her for being an early celebrity adopter for a platform that has the potential to make a lot of money in the next decade. You can check out the tweet announcing the winning bid for the “Lullaby” NFT above.