Julian Lennon, John Lennon's eldest son, is not the only family member to get involved with crypto market investment and blockchains. Now he has launched an auction for non-fungible tokens of Beatles memorabilia (NFTs). Instead of investing in cryptocurrency, he intends to sell the digital rights to the collection of objects but will not part with the physical items.
“I've been collecting these personal objects for over 30 years, and I was growing tired of having to keep them locked up in a vault because I didn't want them to get destroyed.”
The "Lennon Connection" NFT collection will contain objects such as Paul McCartney's handwritten notes for the band's song "Hey Jude" and John Lennon's clothing. The sales will be held in collaboration with Julian's auction house and Yellow Heart NFT. Every NFT will be available as an audio-visual collection, complete with Julian Lennon's narration and photographs of the goods.
In addition, the young Lennon promised to contribute a share of the revenues to The White Feather Foundation (TWFF), an organisation dedicated to reducing carbon emissions.
Paul McCartney's handwritten notes from the NFT are projected to fetch the highest at auction, with an open price of $30,000, while four guitars given to Julian by his father will each be auctioned for $4,000 at first. John Lennon's Magical Mystery Afghan Coat and the black cape he wore in the film "Help!" are both up for sale, with a starting price of $6,000.