That Fyre Fest tweet with the sad sandwich will be auctioned as an NFT for medical expenses

Source: The Verge added 08th Apr 2021

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Trevor DeHaas is auctioning his 2017 tweet of the “dinner” he received at Fyre Fest as an NFT. But unlike the Fest itself, the tweeted photo of the limp cheese slice on wheat bread with some greens and a sad tomato in a styrofoam container isn’t a grift; as first reported by Axios, DeHaas is hoping to raise $80,000 which he plans to put toward his medical bills.

“With how hot the NFT market is right now I figured I’d give it a shot and could hopefully raise enough money that I wouldn’t need to rely on a GoFundMe to pay for my medical expenses,” DeHaas said in an email to The Verge. “The last thing I want is to guilt trip someone into buying the NFT and copyright to pay for my medical expenses but I would like the auction winner to know that their money would be going to a good cause.”

The organizers of Fyre Fest billed it as an exclusive, luxury music festival in the Bahamas, which would include top-notch catering, big-name performers, and transportation via Jet Ski and yacht. Kendall Jenner was among the celebrities paid $250,000 to promote the event, which guests paid up to $12,000 to attend.

That is not what happened, however.

Social posts from attendees like DeHaas showed images of a poorly organized, subpar event that wasn’t close to what was advertised, and soon the lawsuits began. In 2018, Fyre Fest organizer Billy McFarland was sentenced to six years in prison after pleading guilty to wire fraud charges.

DeHaas said he was inspired by Twitter CEO Jack Dorsey’s auction of his first-ever tweet, which sold for $2.9 million on March 22nd. “Now, a few weeks before the 4 year anniversary of the festival (4/28) I’m selling the most iconic cheese sandwich on the blockchain along with the ownership of copyright,” he told Axios.

DeHaas clarified on Twitter that he was selling the tweet on flipkick.io, a New York-based company for artists and musicians to “monetize their work with Physical NFTs,” according to its website. Ironic twist: Fyre Fest co-organizer Ja Rule is a partner in Flipkick, but DeHaas says the musician is not directly involved in the auction of his cheese sandwich tweet. However, Ja Rule, who was cleared of wrongdoing in connection with Fyre Fest, recently sold an NFT of a painting of the Fyre Fest logo for $122,000.

DeHaas says he plans to transfer copyright and ownership rights for the NFT to the auction winner. His aim is to raise money for his medical expenses; according to his GoFundMe page, DeHaas is in end-stage renal disease and needs a kidney transplant. “I currently do dialysis for 7 hours every day and in the mean time trying to find a living kidney donor,” DeHaas told The Verge. “The expenses from a kidney transplant can be astronomical even with insurance. Plus there are expenses for my donor that I would like to cover.”

Which raises a troubling question: are NFT auctions going to become another tool — like GoFundMe pages — to raise money for costs not covered in America’s abysmal health care system? If something good comes out of the debacle that was Fyre Fest (other than the dueling documentaries on Hulu and Netflix), that’s certainly a win. But using NFTs to pay for surgery and treatment introduces an even bleaker scenario for people desperate to pay their medical bills who aren’t Walter White or independently wealthy.

Update April 8th, 1:02PM ET: Added comment from Trevor DeHaas

Read the full article at The Verge

brands: AIM  First  Hot  It  Million  New  other  WAS  Winner  
media: 'The Verge'  
keywords: Music  Netflix  

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