Julian Lennon, the son of the late Beatles legend John Lennon and his first wife Cynthia, has immortalized some memorabilia from the band’s collection in the form of Polygon-based non-fungible tokens (NFTs).
According to a report by Decrypt published on January 25, Julian Lennon is selling several items of Beatles and John Lennon memorabilia as an NFT, while the physical items will remain off the auction block. The “Lennon Collection” comprises of a series of NFTs that include Paul McCartney’s handwritten notes on the song “Hey Jude” in addition to clothing worn by John Lennon during his time with the band.
The digital “Hey Jude” notes will start at $30,000 in the bidding, while a black cape and Afghan coat worn by John Lennon is set to hit the auction block at $8,000 and $6,000, respectively. Users will also have the opportunity to bid on NFTs of several guitars owned by Lennon, set to open at $4,000 each.
The report also mentions that the collection is being built on Polygon via a partnership with YellowHeart. YellowHeart said the decision to go with the Polygon was due to the layer 2 scaling solution being “more environmentally friendly.”
Julian tweeted that a portion of the proceeds from the bidding would be donated to the White Feather Foundation — an environmental and humanitarian organization — that will offset the carbon footprint for the NFTs with the help of Nori ($NORI), which is “a blockchain-backed carbon removal marketplace.”
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