Images from the last official photoshoot of the legendary Kurt Cobain will be auctioned next week in NFT format, a non-fungible token that has been frequently used in the music market.
The news was announced by photographer Jesse Frohman , responsible for the photos known as The Last Session . The famous session took place in 1993, about six months before the Nirvana frontman committed suicide.
In sharing the news on Twitter, Frohman said: “ The Last Session NFT is an artistic exploration of the ways in which the evolution of media and technology can be used to keep a legend like Cobain alive and celebrate his impact on music and generations.”
The complete package includes 104 images, many of which are already known to the public and others not so much. Among the previously unseen images, we can see Kurt with his Nirvana bandmates Dave Grohl and Krist Novoselic .
To complement the collection, the photographer created two other sets for auction. One of them is the Nevermind , in which 10 NFTs will be sold separately. Each of the non-fungible tokens will be named after a track from Nirvana's iconic album.
The second collection was titled In Utero and includes a pack of 20 exclusive images, each containing an edition of 5 NFTs.
The auction of all collections will begin on May 3rd at 12 PM Brasília time and will be available until 7 PM on May 7th. The starting bid is 27.27 ETH, approximately R$ 400,000. See all the details here.
Frohman said that a portion of the money raised at the auction will be donated to the Jed Foundation , an organization that focuses on the mental health of teenagers and young adults. The NGO has been supported by Kurt Cobain's family for several years.
Learn more about NFT after the tweet.
What are NFTs?
NFTs are unique tokens bought and sold on the blockchain and can sell virtually anything, but in the music market the format became famous after DJ and producer 3LAU raised over 11 million dollars using this feature.
NFTs can represent digital files such as art, audio, videos, and more. They are objects that cannot be exchanged for others of their kind, and therefore are becoming extremely valuable. A recent report from NonFungible.com showed that the NFT market tripled in 2020, with the total value of transactions increasing by 299%. As Rolling Stone , NFTs function like a kind of stock market share.
