Edward Snowden’s NFT sold for $ 5.5 million at auction for charity

Edward Snowden’s NFT possesses sold for a whopping 2,224 Etherium or roughly $ 5.5 million in a day-long auction. Entitled Stay free, the digital artwork uses the pages of the landmark court ruling that found the National Security Agency’s mass surveillance activities violated the law to form an image of the whistleblower’s face on the base of a photo taken by Plato. It was made using open source software and like other NFTs has been signed and verified.

The Stay Free auction result far exceeds the already outrageous amount ($ 2.9 million) that Jack Dorsey secured for a NFT of his first tweet last month. Like Dorsey, Snowden will not pocket the proceeds of the auction: the money will go to the Freedom of the Press Foundation, the nonprofit of which he is president.

NFTs or non-fungible tokens are usually pieces of photos, videos, and other digital items that have been signed and verified by the creator. When someone purchases an NFT, they become the owner of a unique piece of code stored on a blockchain. As we wrote in our in-depth explanation what NFTs are, “[Y]You can duplicate a file thousands of times and they will all be the same, but only the one linked to an NFT is the real deal. ”

While NFTs could help artists and creators, more and more people have started to worry about their environmental impact. When an artist ‘hits’ their work on a blockchain so that they can create an NFT, they initiate a process that uses a lot of computing power and energy. Press Freedom pledges to buy carbon offsets equivalent to Snowden’s NFT footprint and “will share details of this process soon.”

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