Ja Rule’s Fyre Festival NFT Painting Sells for $122K
Ja Rule sold a Fyre Festival painting he commissioned for $ 2,000 for his New Jersey home to an anonymous buyer for $ 122,000, TMZ reported.
The 48 x 60 inch oil paint portrait features the orange logo of the Fyre Festival and was created by an artist named Tripp Derrick Barnes. The play itself was previously hung in the Fyre Media office but moved to Ja Rule after the disastrous events that occurred as a result of the fraudulent events of the Fyre Festival.
Instead of asking for its $ 600,000 price tag, Ja Rule took $ 122,000 as a non-fungible token (NFT) to rid itself of the Bahamas Festival stench so that “fresh energy can grow”.
“When I first got it done – I was full of energy – I started a new business – but then it became a symbol of what could have been,” Ja Rule said in a statement. “For me it’s over and over.”
It was sold through the rapper’s newest NFT business, KickFlip. KickFlip is one of the newest NFT marketplaces offering both emerging and established artists the opportunity to monetize their work as an NFT.
The winner will also receive a quick note from Ja Rule: “F *** this painting.” The owner can also request an autograph from the multi-platinum rapper.