Azealia Banks is the latest celebrity to join the NFT craze by selling an audio sex tape with her fiance, Ryder Ripps, for $17,000. According to reports, the sex tape is now being sold for cryptocurrency sum equating to roughly $275 million.
An NFT (nonfungible token) is a special type of cryptographic token which represents anything unique. Most NFTs are part of the Ethereum blockchain. Ethereum is a cryptocurrency, similar to Bitcoin or Dogecoin, and is the second-largest cryptocurrency.
Titled, I F***** Ryder Ripps, the audiotape is reportedly being resold for 150,000 ETH in cryptocurrency, which is equal to about $275 million. Banks boasted about the report, pointing out that if the tape sells for that amount it will be one of the most expensive art purchases of all-time behind artists Leonardo Da Vinci, Willem de Kooning, and Paul Cézanne.
