The NFT bubble is becoming bigger and bigger, and so are its releases. Today, we've got another NFT release on our hands that could be more ground-breaking than the rest. Never-before-seen photos from Kurt Cobain's famous last photoshoot – dubbed 'The Last Session' – are going to sell as non-fungible tokens.
The iconic photoshoot took place just a few months before the Nirvana frontman’s death in 1994. Now, photographer, Jesse Frohman has launched a website to auction off more than 100 photos from that day as NFTs.
According to the website, multiple contact sheets and negatives had never been scanned prior to the creation of this drop, so some of the images have not yet been seen publicly. As of 12:00 p.m. ET on April 28th, anyone can preview thumbnails of the images online, but only buyers will receive the one-of-one high-resolution versions.
Speaking to Rolling Stone, Frohman said: “I wanted to do something that other people hadn’t done before. It’s something so special that won’t be offered again.”
The auction starts on May 3 at 12:00 p.m. ET and goes on until May 7, 6:00 p.m. ET. The starting bid for the holy grail is 27.27 ETH — a nod to the singer’s age — which roughly equates to $72,000. It wouldn't be surprising if bidding dramatically exceeded this figure – for context, a pre-NFT-craze cardigan from said photo shoot sold for $75,000 in 2019.
A portion of the proceeds from the NFT sale will be going to the JED Foundation, a non-profit organization that raises awareness of emotional and mental health and preventing suicide for teens and young adults.
The Last Session photos make the ideal case for NFTs. We all know that NFTs are designed to give you unique ownership of something that can’t be copied and we've seen people dish out millions for all kinds of NFTs from sex tapes and YouTube videos to tweets and t-shirts. But literally owning a moment that is so deeply important to music fans and culture seems exactly in line with what NFTs are made for.