Unreleased Whitney Houston recording NFT sells for $1m

An unreleased Whitney Houston recording made when she was 17 has been bought as an NFT for $999,999.

It was auctioned yesterday (December 14) on the Quincy Jones-backed OneOf NFT platform.

OneOf says that the winning bid is now the highest priced NFT auction item on the Tezos(XTZ) blockchain (the blockchain protocol on which OneOf is built).

In total, the full collection, which features rare images and videos, has generated over $1.1 million in sales so far.

According to OneOf, the winner of the auction now has personal access to this recording in their ‘OneOf Vault’ along with a digital video created by breakout 17-year-old artist Diana Sinclair.

Proceeds from the sales of the collection will go to the non-profit Whitney E. Houston Foundation.

The collection also includes thousands of fixed-price NFTs, including archival photos from Houston’s early life and career

The new NFT collection arrives on the heels of OneOf’s three-year partnership with the Grammy Awards.

OneOf raised $63 million in a seed round in May from prominent tech and music industry veterans.

The platform was co-founded by tech entrepreneur Lin Dai, digital media executive Joshua James, and music industry veteran Adam Fell, in partnership with Quincy Jones and Quincy Jones Productions.

The OneOf platform launched in August with the iHeartRadio Music Festival, and its debut artist collection featured a 26,000 token release from Doja Cat.

An auction for the “one-of-a-kind” item in her collection sold for $188,000, and was previously the single largest auction transaction on Tezos, prior to the sale of the Whitney Houston NFT.

“I’m excited to see Whitney’s legacy and her wonderful music expand into bold new technology of this era.”

Pat Houston, Estate of Whitney E. Houston

Speaking last month, Pat Houston (Executor, Estate of Whitney E. Houston), said: “I’m excited to see Whitney’s legacy and her wonderful music expand into bold new technology of this era.

“It was a joy partnering with 17-year-old Diana Sinclair and watching the artistry of Whitney’s music influence a new generation.”Music Business Worldwide