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The sky is the limit for Macy’s Thanksgiving balloons, as well as her NFTs.

Macy’s has launched a major crypto bidding war on non-fungible tokens, or NFT, with the retail giant auctioning 10 NFTs illustrating its annual Thanksgiving Parade in New York City for charity.

The 163-year-old retailer opened deals last week on 10 unique moving holiday charts, leading to people placing hundreds of thousands of dollars in deals as early as Thursday afternoon.

The graphics each feature a parade attendee happily walking under a giant balloon floating in front of the retailer’s historic Herald Square department store in Manhattan. Each of the images is listed as representing different decades of the parade, starting with the 1920s when the parade was first launched.

On Thursday afternoon, Macy’s NFT “Fireman” balloon had the lowest bid at $ 10,500. The highest bid was for a title called “Happy Dragon”, which reached an impressive $ 310,000. This bidding war, which began on November 19 and ends Monday, follows 9,500 lower-quality versions of those 10 that were given away for free earlier today.

NFTs are essentially digital certificates that record the uniqueness and ownership of an asset, such as digital art. Being non-fungible, there is only one similar, so it cannot be equally replaced by another. Even though works of art may look the same, they are not the same.

No matter what you think of NFTs, they are taken very seriously with people spending millions of dollars to buy individual ones.

Artist REO, who is credited with designing Macy’s NFTs, said in an Instagram post Thursday that he was “always cautious about a seizure of money” or a business just wanting to be “relevant in the business. ‘nft / crypto space “when asked to help create NFTs. for them.

When approached by Macy’s about making his NFTs, he said he agreed after learning that he had promised to donate all proceeds to the non-profit Make A Wish foundation. , which helps to fulfill the wishes of children with serious illnesses.

“I am so blessed that I can use my gift to bring some kind of positive change to this world,” he posted.


The Huffington Gt

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