What is a Yat and why are people paying $425K for emojis?

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What is a Yat and why are people paying $425K for emojis?
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  • 📰 Cointelegraph
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What is the difference between a Yat and an NFT? Yat says that it will become our digital universal identifier in Web3 rather than a username. But would you fork out hundreds of thousands to own some emojis?

Will emojis become the Web3 version of a username? That’s what Nashville-based tech startup Yat believes and with 160,000 sold worth a combined $20 million, it seems plenty of ordinary people agree.

“Yat lets you use emojis as your universal username and identity on the internet,” the company wrote in its Discord“Imagine being known as fire-snake or robot-ghost-crown instead of coffeequeen98 or [email protected]. By owning a Yat — let’s say ocean-trident-palm tree — it’s yours forever. You are the ~only~ one on earth who owns these emojis.”

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