NFTs continue to be in the spotlight during this crypto market trend and a toilet paper brand called Charmin enters the market. The brand has decided to create and sell its own line of non-fungible tokens under the name NFT(P).
NFT(P): Charmin toilet paper brand is entering NFT market
The brand has launched its own non-fungible tokens for sale on the popular platform called Rarible. In a Twitter announcement, Charmin officials stated: “Sometimes a better bathroom experience goes beyond the seat, that’s why we’re rolling out the first-ever NFT art by a toilet paper brand!”
Introducing NFT(P) by Charmin.🎨
Sometimes a better bathroom experience goes beyond the seat, that’s why were rolling out the first-ever NFT art by a toilet paper brand!
— Charmin (@Charmin) March 17, 2021
The collection features five NFTs up for auction. For now, the auction price of the five totaled equals 1.85ETH. However, the release of the non-fungible tokens should not be taken too seriously. The company announced that all proceeds will be donated to Direct Relief.
The digital art space has grown faster than any other part of the industry, with artists like digital artist Beeple, who recently sold a non-fungible token for a record $69 million.
The recent surge in popularity for non-fungible tokens has brought the widest and most diverse group of people and companies into the market. From musicians to sports superstars, everyone is entering the market.
Most recently, rapper and co-founder of the failed music concert Fyre Festival Ja Rule joined the market. He is now selling a physical NFT of a Fyre Festival oil painting.
Elon Musk’s NFT currently tops $1 million at auction
Elon Musk is also in the market, the billionaire said: “I’m selling this song about NFTs as an NFT” in a tweet.
I’m selling this song about NFTs as an NFT pic.twitter.com/B4EZLlesPx
— Elon Musk (@elonmusk) March 15, 2021
The good news is that most of the major companies launching NFTs are donating all proceeds to charity. The non-fungible token market will continue to grow and it is very likely that we will see more companies launch non-fungible tokens in the future.