fbpx
QQQ
-2.71
348.05
-0.78%
DIA
-5.86
344.51
-1.73%
SPY
-7.07
429.04
-1.68%
TLT
+ 2.69
140.35
+ 1.88%
GLD
-0.87
166.72
-0.52%

Ellen Too Late On NFT Scene? 'Woman With Stick Cat' Underwhelms Despite Dogecoin Appearance On Show

April 27, 2021 11:08 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Ellen Too Late On NFT Scene?  'Woman With Stick Cat' Underwhelms Despite Dogecoin Appearance On Show

Television host Ellen DeGeneres’ non-fungible-token art titled “Woman With Stick Cat” was sold for over $14,000 on Tuesday.

What Happened: The NFT art was sold in three packages — Platinum, Gold, and Silver. The Platinum edition secured a winning bid of $14,555.

Five out of the 10 Gold packages put on sale were sold for $2,500. All 64 Gold editions were sold at $100.

Related Link: How To Buy NFTs

The Platinum package contains a 4K video file featuring a monologue from “The Ellen DeGeneres Show.” The other two packages contain a high-resolution selfie of DeGeneres holding a stick-figure cat drawing, but only the Gold version is accompanied by a printed physical copy.

Why It Matters: While $14,555 is a sizable amount, NFT artworks have secured far higher valuations in the past. 

A piece by digital artist Beeple was sold for $69 million last month. A journalist put on sale a column from the broadsheet published by the New York Times Co (NYSE:NYT) and it fetched $500,000.

Even artwork by a humanoid robot brought in $700,000. Twitter Inc (NYSE:TWTR) and Square Inc (NYSE:SQ) CEO Jack Dorsey sold his first-ever tweet for $2.9 million, something that DeGeneres noted in her now sold monologue.

See Also: The World's Grumpiest Cat Finds Love — Fetching $83,000 In NFT Sale

The relatively low valuation of “Woman With Stick Cat” is despite the fact that Dallas Mavericks owner Mark Cuban made an appearance on The Ellen Show on Tuesday — with Dogecoin (DOGE) at the center of attention.

Cuban is a supporter of NFTs as well and has put in place a digital gallery to display them.

Most NFT sales are underpinned by the Ethereum (ETH) blockchain. That cryptocurrency touched an all-time high on Tuesday. It should be noted that DeGeneres’ auction was denominated in dollars and proceeds will go to a not-for-profit organization.

ETH traded 7.06% higher at $2,687.68 at press time.

Read Next: Doge Might Be Stealing Thunder But NFT Craze Not Over: Mark Cuban's Lazy Display Amasses 200,000 Visitors In Less Than A Month

Photo by Zennie Abraham on Flickr

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to our YouTube channel.

Posted-In:

Cryptocurrency Markets

Related Articles

Sir Tim Berners-Lee's Source Code Of The Original Web Browser Is Being Sold As NFT

Tim Berners-Lee, an inventor of the world wide web, is selling the source code for the first-ever web browser as a non-fungible token or NFT, according to a press statement by Sotheby’s. read more

Ellen, Yes — The Ellen, Is Dropping An NFT Today: What You Need To Know

Television host Ellen DeGeneres has jumped aboard the non-fungible token art bandwagon and is all set to drop her first artwork on the Bitski marketplace on Monday. What Happened: Earlier in the month, DeGeneres explained what NFTs were in her own humorous fashion and later went on to take a selfie with a photo of a cat she drew and put it on sale as an NFT. read more

NFT Versions Of Snowflake, Unity, Doordash, Coupang's First Trade On NYSE Coming Soon

Intercontinental Exchange Inc (NYSE: ICE)-owned New York Stock Exchange’s President Stacey Cunningham said Monday that the company would launch non-fungible tokens to mark the first true trade of six publicly listed compan read more

SNL's Skit About NFT Mania Is Now On Sale As An NFT — Top Bid Is Already At $33K

Now that “Saturday Night Live” has figured out “what the hell’s an NFT,” it is putting the skit on sale as what else but a non-fungible token. read more