Advertisement
Advertisement

Ashton Kutcher and Mark Cuban’s Baked Ink Targets Autograph NFTs

By:
Bob Mason
Updated: Apr 21, 2022, 07:40 UTC

Ink went live with its Lexi Jayde drop on Wednesday. The platform looks to provide creators an avenue to sign digitalized content to create sellable NFTs.

Ashton,Kutcher,fxempire

Key Insights:

  • Ashton Kutcher and Mark Cuban’s backed Ink marketplace targets autograph NFTs.
  • Ink NFTs will make autographs as rare and authentic as physical ones.
  • Platform creators can sign or draw on any digital content and instantly turn content into a digitally-scarce NFT.

The NFT space is ever-expanding, with more NFT marketplaces delivering new NFT concepts to digital asset investors.

While the leading NFT marketplace, OpenSea may have experienced a downturn in Ethereum (ETH) based NFT trading volumes, interest in NFTs has continued to accelerate.

In 2022, NFT and metaverse trademark applications have surged as more mainstream players target Web3.

As the real and the virtual worlds continue their journey to become irreversibly intertwined, opportunities remain endless.

With the uniqueness of NFTs, Ink has identified a niche, combining NFTs with autographs.

Ashton Kutcher and Mark Cuban Deliver Digital Autographs with Ink

On Wednesday, Ashton Kutcher and Mark Cuban-backed web3 platform Ink launched.

“Ink brings the inherent authenticity and value of human handwriting into the digital world.”

The platform enables creators to digitally draw or sign digital content to create “digitally-scarce” NFTs.

An ink is a piece of content digitally signed by its creator on the Ink platform. The web-based platform enables creators to upload canvases and digitally sign them to create non-fungible tokens on the blockchain.

Creators can then share the NFTs on social media, sell the NFTs, or export them to OpenSea.

According to the platform,

“By pairing the visual uniqueness of an autograph with the computational uniqueness of an NFT, we offer a missing metaphor to cultural consciousness to help usher in the new era of digital property.”

Taking to Twitter, Ink announced its first drop, featuring singer Lexi Jayde.

 

There are 20 Lexi Jayde autographed NFTs for sale on the Ink platform, with a price tag of $20. Users can purchase NFTs with credit and debit cards on the Ink marketplace. After purchase, NFT holders can then export their purchased NFTs to OpenSea and other NFT marketplaces.

As with other NFT content, the greater the demand, the higher the price in the secondary markets.

Autographs Have Been the Center of Fan Engagement

Historically, autographed memorabilia have been major collectors items, with some autographed memorabilia fetching incredible sums of money.

In 2012, Reuters reported the sale of George Washington’s signed personal copy of the U.S. Constitution and Bill of Rights for $9.8m, a record for a historic document or an American book.

British playwright William Shakespeare’s signature went for more than $5m, with an Abraham Lincoln signed copy of the Emancipation Proclamation fetching $3.7m.

Other NFT-worthy sales include a Jimi Hendrix signed contract that sold for $200,000 and an Albert Einstein photograph that went for $75,000.

A Prince William autograph sells for as much as $4,000 and even higher should he become king.

For the living legends of today, digitalizing a famous event or even a document and signing it could fetch sizeable amounts and even more in the secondary market.

Ink provides the platform for creators to digitalize content and autograph it to then sell on the Ink platform and beyond.

About the Author

Bob Masonauthor

With over 20 years of experience in the finance industry, Bob has been managing regional teams across Europe and Asia and focusing on analytics across both corporate and financial institutions. Currently he is covering developments relating to the financial markets, including currencies, commodities, alternative asset classes, and global equities.

Did you find this article useful?

Advertisement