Charged Particles
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Charged Particles

Steve sells t-shirt for 4.5 ETH

Steve rocking his NFT-shirt on the NYC subway

2021 has been a crazy year for NFTs, and it doesn’t seem to be slowing!

Earlier this month, Charged Particles’ Head of Marketing Steve Neigut rocked up to NFT NYC wearing a t-shirt that was earning interest on his back. And sold it for 4.5 ETH!

Wait, what?! Let’s back up….

The t-shirt he was wearing was linked to an NFT created on Charged Particles with a QR code. Anyone scanning the QR code with their phone could see the NFT with 20,000 aUSDC inside, accumulating interest every 14 seconds!

Now while Steve was willing and prepared to strip off the shirt and sell it there and then in the conference to an enthusiastic buyer, it actually sold a few days later for 4.5 ETH. It had already accumulated over 33 USDC in compounded interest between minting and sale.

The purchaser is known only as CryptoFrieza, and a quick look at their OpenSea account will show them to be an NFT aficionado. They have since released the principal and interest that had accumulated inside and put Steve’s Shirt up for sale for 1 ETH, suggesting a subjective value for the novelty of the initiative.

What’s Next?

The range of possibilities with Charged Particles NFTs is mind-blowing, and we’ve only just begun to scratch the surface. This is further amplified when combined with tools like QR codes and NFC chips which connect the physical and digital realms. For further inspiration, please see Six Reasons Why Artists Should Mint & Energize NFTs on Charged Particles.

About Charged Particles

Charged Particles is a protocol that allows users to deposit ERC-20, ERC-721, and ERC-1155 tokens into NFTs. A scarce NFT (e.g. Art, Collectible, Virtual Real Estate, In-Game Item, etc.) can now be transformed into a basket holding a number of other tokens. The Principal amount can be time-locked inside the NFT, and through integration with Aave’s aTokens, the programmable yield from these DeFi yield-generating assets is just a few clicks away.

Stay in touch with Charged Particles

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Rafael Hoekstra

Rafael Hoekstra

Long on crypto, short on sleep, writer on Medium | RafaelHoekstra.com