A pair of Madonna’s underwear will go down in history when they are sold as NFTs. The underwear will be sold in 300 pieces, each costing $100 and not refundable for anything else.
It is said to be the world’s first partial ownership NFT. During her Who’s That Girl world tour in 1987, the singer wore the underwear on stage while performing “Dress You Up,” one of her singles.
How to buy the NFTs?
Fans can soon be able to purchase a small bit of the superstar’s underpants as part of the world’s first partial ownership enterprise offering NFTs. A non-fungible token (NFT) is a piece of software that identifies who owns a digital item.
This digital object could be a music, a photograph, a film, a tweet, or even a plot of land in an online game or virtual environment. Each of the 300 sections of the pants is sold as an NFT, and consumers can purchase as many as they desire.
CollectorLabs, a fractional ownership company, will kick off the event on April 12 at 2 p.m. “Fractional ownership is an exciting new area for collectors,” stated CollectorLabs CEO Mike Hall. And we’re one step ahead of the competition by making each fraction a tradeable NFT.
“That’s great news for the global collector. Not only will Madonna collectors want to own your fraction when you come to sell, NFT collectors will also be keen to own it. It means tens of thousands more collectors for your slice. We’re expecting huge interest in the knickers. Our pre-sale event was nearly sold out.”
CollectorLabs intends to release additional tiny NFTs that can be collected until 2023. This will contain Buzz Aldrin’s Apollo 11 training suit and Gandhi’s jail supper bowl. More information is available at www.collectorlabs.io.
This is great! looking at their site it looks like this is the first of many! Fractional ownership of real physical collectibles could be a groundbreaking move for the NFT market!!