Benzinga | Mar 16, 2021 11:56PM EDT

Remember 'Bad Luck Brian' Meme? Yeah, It Also Sold As NFT Crypto For $36,000

A popular meme from the early 2010s sold as a non-fungible token for $36,000, according to Foundation, a digital art marketplace.

What Happened: "Bad Luck Brian" is a meme that contains an unflattering yearbook photo of Kyle Craven, which was posted to the internet in January 2012 by his best friend Ian Davies.

The duo released the authentic original Bad Luck Brian image as an NFT token, which was sold for 20 ETH or $36,134 on Thursday.

Foundation is also currently auctioning another meme "Grumpy Cat" and the highest bid on that meme as of press time was ETH 5.50 or nearly $9,927. Ethereum (CRYPTO: ETH), traded 0.43% higher at $1,804.90 at press time.

Bitcoin (CRYPTO: BTC) traded 1.33% higher at $56,688.15.

See also: What is a Non-Fungible Token (NFT)?

Why It Matters: On Thursday, auction house Christie's sold Beeple's "The First 5000 Days" NFT-based digital artwork for $69 million.

Beeple acknowledged the hype surrounding NFT saying, "It may be a bubble, but it's one of those things where I also see a huge amount of legitimate long-term value for this as an asset class."

A Banksy artwork titled "Morons" was sold as an NFT token for $394,000 this week after the original was destroyed by cryptocurrency enthusiasts earlier.

Canadian artist Grimes, the partner of Tesla Inc (NASDAQ:TSLA) CEO Elon Musk has sold artworks worth almost $6 million, as per the Verge. Others that have embraced the NFT trend include Lindsay Lohan.

See Also: Why Crypto Veteran Charlie Lee Is Sounding Alarm Against NFT Craze

Yum! Brands, Inc (NYSE:YUM) subsidiary Taco Bell has also taco-themed NFTs this month, which were sold out like hot cakes in no time.

Read Next: As NFT Crypto Craze Spreads To Domain Names, DigitalArtists.com Sells For $300,000

Photo by Meme Binge on Flickr