NFTs, or non-fungible tokens, becoming the latest personality to embrace the hot digital collectible trend.
“I am proud to announce my new NFT endeavor, which embodies my passion for the arts, and will support my ongoing commitment to children through my Be Best initiative,” she said in a Thursday statement shared on social media.
The former first lady confirmed in the statement that she is starting a platform that will “release NFTs in regular intervals.”
An NFT is a piece of data verifying that you have ownership of a digital item, such as a piece of artwork. The items can also include a video clip, a tweet and more.
NFTs are recorded using blockchain technology. A blockchain is a decentralized, digital ledger that tracks transactions of items and assets.
Jack Dorsey’s digital version of his first tweet, which sold as an NFT for more than $2.9 million in March, and the viral 2007 video “Charlie Bit My Finger” fetched more than $760,000 in May. Earlier this week, a previously unheard demo track Whitney Houston recorded at age 17, sold as an NFT for $999,999.Here’s what you can expect in 2022
Digital images sell for millions:These NFTs sold for ridiculously high prices
initially focused on three main “pillars,” including well-being, social media use and opioid abuse among children.