This allows an American couple to seize their home with the help of an Ethereum-based non-fungible token (NFT) -inspired collection and the amazing support of the kind and generous NFT community. It’s a story about how it was stopped.
Recently, CNBC’s “Make It” Report About an American couple, Thorn Melcher and Mandy Massel White, who “own a house outside of Atlanta.”
Apparently, “the bills began to pile up after Thorn Melcher lost his job as a software engineer in February.” “Her girlfriend, Mandy Mussel White, was able to cover some of the costs of selling her artwork,” but sadly, “the couple was soon late for mortgage payments.” I took it. “
Their homestead in Atlanta, Georgia, Farmer Here they bred 6 ducks, 2 geese and other animals. “
Musselwhite told CNBC:
“”We knew we had to think about something. We really didn’t want to lose this property. I love here. Animals love it here.“”
Thankfully, they said,Sneaky duckA collection of 10,000 cartoon duck non-fungible tokens (NFTs) generated by code with unique combinations of over 100 different characteristics to raise funds. They launched the NFT collection on January 19th, “sold out in less than six hours and made a little less than $ 120,000 in revenue.”
There are two things that make this story even more exciting.
The first is how miserable the couple’s financial situation was just before the start of the NFT. Musselwhite’s Cash App seems to have “some bank accounts deducted”, one shared account “less than $ 1”, one account “minus $ 4.11”, and the rest “89 cents”.
Second, the couple had to show their check to a lawyer by January 20th, saying that they were borrowing $ 35,587 to repay their mortgage.
Melcher told CNBC:
“We saved the farm by selling cartoon ducks. It was like a fever dream. They soon started moving very fast. I couldn’t sleep until they were all gone. . “
Another interesting aspect of this story is that before the NFT went on sale, the couple were so broken that they “can’t afford to buy much food” and “can’t afford to pay for the collection.” .. Smart contract at first. “Thankfully, one of their friends kindly offered to cover the rates for Dastardly Ducks.”
So how could we co-create this NFT collection and generate enough interest to be successful in sales?
According to Melcher, they started working on the NFT collection in early January 2021. Programmer Melcher quickly learned Solidity, the leading language for creating smart contracts on the Ethereum platform, and Musselwhite, a graphic artist. He designed each Dastardly Duck. “
One of the successes of the sale was “at the time of release, each Dastardly Duck was priced at about $ 15 and a 12-pack was priced at about $ 120.” This means that many people can buy at least one. NFT.
The launch of their NFT collection also made it easier for both of them to find a job.
“”I’m a Solidity coder because there are a lot of people who suddenly want to work with me.Some people are interested in working with Mandy [Musselwhite] As an artist.“”
Currently (as of 10:45 AM UTC on February 6th), the cheapest Dastardly Duck NFT you can buy at OpenSea is priced at 0.004 ETH, about $ 12.
The views and opinions expressed by the author or those mentioned in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing or trading crypto assets carries the risk of financial loss.