OP-ED: What is it with NFTs and destroying real-world items? by Timccopeland
The person who proposed the idea is a former electrical engineer who goes by the moniker Xatarrer. They're known for trying to upload a 1 MB image to the Ethereum blockchain through a series of progressive uploads . A project that’s so far about 25% there.
It’s unclear how many pages there are in the book, but at Xatarrer’s estimates it will cost 18 ETH to upload each page in terms of transaction fees. So if the book has 200 pages, that would cost $11.2 million to create the NFTs. And then, Xatarrer proposed, the book could be destroyed as an “incredible marketing stunt” with the goal of enhancing the value of the on-chain images of the book.
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