Julian Lennon, John Lennon’s son, is auctioning off historic Beatles memorabilia and his father in the form of non-fungible tokens (NFTs). The collection includes Paul McCartney’s handwritten notes for the song “Hey Jude”.
Historical Beatles memorabilia in the form of NFTs
On his Twitter account, John Lennon’s son, Julian, unveiled his project to auction historical Beatles memorabilia in the form of non-fungible tokens (NFTs). Named “Lennon Connection: The NFT Collection” the project features memorabilia from Julian Lennon’s personal collection.
The collection includes Paul McCartney’s handwritten notes for the Beatles’ song “Hey Jude” with a starting price of $30,000. The collection is also complemented by clothing and guitars that belonged to John Lennon.
Bidding will start at $4,000 for the guitars while for the clothing it will range from $6,000 to $8,000.
The auction is being conducted in collaboration with NFTs platform YellowHeart and Julien’s Auctions from January 24 to February 7, 2022.
Moreover, a part of the funds collected will be donated to the White Feather Foundation, of which Julian is the founder.
Nevertheless, it should be noted that Julian Lennon will keep the physical objects in his possession. The buyer will only have a one-time right to the NFT.
Many artists have joined the NFT industry
Other celebrities have jumped into the non-fungible token business. Recently, former Black Sabbath singer Ozzy Osbourne launched his first NFTs collection, CryptoBatz.
Another example is pop star Katy Perry who created a series of NFTs in conjunction with her “Play” show.
Finally, it is important to underline that with NFTs, music streaming is changing to give more independence to artists. This is the project of the music platform Audius, which has raised nearly 5 million dollars from Kate Perry, The Chainsmokers and Nas.