Megadeth is the latest heavy metal band to join the NFT bandwagon, creating its first ever non-fungible token and putting it on auction via Rarible's platform through Monday, April 12.
The Megadeth Genesis token features the band's logo and its Vic Rattlehead mascot, with the two main images rotating counter each other over the six-second piece of digital art, the band announced on Twitter, Thursday.
An NFT is a piece of digital media that's not interchangeable with anything else, giving it a unique characteristic and sets it apart from other cryptocurrencies like Bitcoin, which are fungible and can be interchanged.
Each NFT can be viewed as a collectible that can't be duplicated, making them singular and potentially valuable.
NFTs have become a popular collectible for the digital generation of collectors who view them as an investment.
But with the digital aspect of an NFT, physical decay doesn't take place and ownership of items are kept in a digital ledger or via blockchain.
Megadeth (1 million human deaths) is currently applying the finishing touches on the follow-up to 2016's "Dystopia" album, after officially minting its Genesis NFT.
As of Wednesday, the bid for Megadeth Genesis NFT is up to almost $200, according to Metal Sucks.
NFTs can represent digital files, like audio, art, video, album art, posters and other forms of creative work.
Other artists who have sold NFTs include Slipknot's Clown, Kings of Leon, and Linkin Park's Mike Shinoda.
A recent report by NonFungible.com, an NFT market analyst company, said that the NFT market tripled last year, with the total value of digital transactions growing by almost 300% year-on-year to more than $250 million.
