The famous YouTube clip, Charlie Bit My Finger, will be removed from the platform after it was sold for over half a million pounds via auction. The video was first aired on YouTube in 2007, and features baby Charlie chomping on his brother Harry’s finger – hence the name of the clip.
The Davies-Carr Family who owned the clip, auctioned it as a non-fungible token (NFT), which is a unit of data stored on a blockchain, that certifies a digital asset to be unique and used to represent items such as photos, videos and other types of digital files. In essence, the NFT acts as a certificate of ownership for digital assets. On Sunday, the auction that took place via an online webpage, came to an end after the price peaked at £538,000 and was won by the anonymous account, “3fmusic”.
Evidently, there is money to be had in the sale of original clips. Recently, a similar transaction has taken place in the sale of the “disaster girl meme”, a picture of a young girl smirking with a house fire in the background, which was sold as an NFT for £341,000.
If you have any questions on the above, please do not hesitate to contact the team at McDaniels Law on 0191 281 4000 or firstname.lastname@example.org.Posted by: Megan Walker in: Digital/Tech