Love Island’s Hannah Elizabeth has become the latest celebrity to embrace cryptocurrency as sheis set to auction off several NFTs to celebrate joining Bekka, the first-ever exclusive NFT platform for content creators.
Four unique images are due to go on sale on Monday 9 May at 12pm, and will be auctioned via platform OpenSea. Uniquely, each of the four images will also come complete with a hidden royalty – giving a deeper insight into Hannah’s life.
One of these insights is reported to be a 3D body scan of the reality star offering a unique and exclusive souvenir to the lucky buyer.
Hannah said: “ Hey guys! I am thrilled to finally announce joining @bekka.co! Together, we created a set of 4 incredibly exclusive NFTs of me.”
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“Each of them will contain a unique royalty which will allow you to get a private insight into my life. One of the NFTs will contain a 3D scan of my BODY!
“The sale will launch on 9th May at 12pm on OpenSea, so check the website in my bio and make sure to follow @bekka.co for more information!”
So what makes an NFT different to a regular image?
NFTs, or Non Fungible Tokens, are an unforgeable digital certificate of ownership of a specific image. This means that a particular digital file is unique only to that person and won’t be replicated anywhere else.
The response to the new form of cryptocurrency has so far been met with a mixed response from many people, with the general public largely dubious about the longevity and point of such a product.
However, NFTs have garnered a lot of celebrity support in recent months, which would place Hannah in the company of celebrities such as Mila Kunis, Gwyneth Paltrow, Steve Aoki and Quentin Tarantino to name just a few, who have spoken in support of the currency.
Mila herself even video-conferenced Facebook founder Mark Zuckerberg’s sister Randi Zuckerberg back in January of this year to discuss her NFT project “Stoner Cats.” A few thousand people tuned in to the broadcast, which has been hosted by crypto-for-ladies group MyBFF.
Although supportive of NFTs, she did add one caveat however.
“I don’t ever want people going into NFTs thinking it’s an investment,” said Mila.
This is particularly sound advice, as despite their growing popularity, there is currently no overarching regulation framework to monitor their use in the UK or USA. As they are a type of crypto-asset, their regulation is limited to only where they overlap with other regulations, for example if they are issued in the form of a security token or an e-money order.
In most cases, NFTs won’t fall into this category, meaning that they remain unregulated and won’t be protected by the Financial Ombudsman, or the Financial Services Compensation Scheme.
Mila continued: “Go into it because you love it, because you think it’s beautiful, because it brings you joy.”
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