Rare Beatles interview audio to be released as NFTs

Virgin Radio

14 Dec 2021, 13:21

What do you buy the person who has everything? How about some rare Beatles audio.

Interviews with John Lennon, Paul McCartney, George Harrison and Ringo Starr are to be auctioned as digital NFTs.

An NFT is a non-fungible token - it means something that can't be transferred, and it's the latest hot property when it comes to digital currency.

According to the Voices of Classic Rock Archive (VOCR), this is the first time historic artist interviews have been auctioned in this way.

VOCR is minting and auctioning the NFTs as well as hosting the event.

Available as four NFTs, these interviews haven't been heard in decades.

The interviews are called: “John Lennon on “A Day in the Life”; Paul McCartney on “Chaos and Creation in the Backyard”; George Harrison on “Abbey Road”; and Ringo Starr on “His Lost Medallion.”

Jonathan Firstenberg, VOCR’s Managing Director, said: “The extensive variety of Beatles interviews that we have in our collection are, perhaps, our most comprehensive and valuable assets – that is why we wanted to launch with John, Paul, George and Ringo – the ultimate Classic Rock Stars!”

Firstenberg added: “While we considered many ways by which to introduce this archive to the public, we chose to start with NFTs because the current market demand for unique NFT properties comprised of original content seems to be growing at a rapidly accelerating pace.

"Also, NFT auctions are a remarkably simple and efficient way by which to market audio interviews.

He insists he is “confident that NFTs as a new medium are here to stay, and we are very interested to see how this new medium will evolve. In particular, we are going to be studying how the market determines what rights to a property need to be embedded within an NFT itself for it to have real intrinsic value.”

Each of the NFTs will include artwork as well as a WAV file of the interview.

Bidders can only use a cryptocurrency called Ethereum (ETH) to make a bid.

However, it won't be cheap as the bidding is starting at 1.25 Ethereum - to put that in context, the current price per Ethereum is £2,895.