Lil Yachty Collectible Fetches $16K in Latest String of High-Profile NFT Auctions

The lucky winner is “westcoastbill” – a user who appears to have sniped Tyler Winklevoss by $50 at the last minute.

AccessTimeIconDec 17, 2020 at 12:23 a.m. UTC
Updated May 9, 2023 at 3:14 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Continuing a trend of splashy non-fungible token (NFT) auctions in recent days, rapper Lil Yachty has sold a digital collectible for $16,050.

The lucky winner is “westcoastbill” – a user who appears to have sniped Tyler Winklevoss by $50 at the last minute. Winklevoss, a “bitcoin billionaire,” is the owner of the NFT marketplace on which the “YachtyCoin” was auctioned.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Why Core Scientific is Focused on 2028
    00:57
    Why Core Scientific is Focused on 2028
  • Bitcoin, Ether Rise Amid ETF Steam in Hong Kong; Solana's Latest Update
    02:14
    Bitcoin, Ether Rise Amid ETF Steam in Hong Kong; Solana's Latest Update
  • Bitcoin Whales Yet to Resume Accumulation: IntoTheBlock
    01:06
    Bitcoin Whales Yet to Resume Accumulation: IntoTheBlock
  • The NFT auction on Nifty Gateway follows a Lil Yachty social token sale on Fyooz last week that raised approximately $276,000 for the Atlanta-born rapper.

    A Nifty Gateway spokesperson confirmed Wednesday's winning bid went to Bill Lee, a general partner at early-stage VC firm Craft Ventures.

    Gemini acquired Nifty Gateway in late 2019, with Tyler Winklevoss saying in a statement at the time, “We believe that both real-world and digital collectibles will migrate onto blockchains in the form of nifties.” NFTs are provably unique digital collectibles whose provenance is tracked on the blockchain, typically Ethereum.

    Earlier this week, digital artist Beeple sold a collection of NFTs on Nifty Gateway for a whopping $3.5 million. A Sean Lennon piece recently sold for $3,000.

    Such are the prerogatives of the crypto-rich.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.