Memorabilia from The Beatles & John Lennon becoming NFTs

John Lennon's eldest son Julian is selling several pieces of music history from his personal collection as NFTs, BBC informs.

However, he will keep the physical items as each piece of memorabilia will be sold as a non-fungible token.

Items being auctioned include a black cape worn by his father in the film Help! and handwritten notes for The Beatles song Hey Jude.

NFTs have been touted as the digital answer to collectables, but critics have warned about risks in the market.

The sale also includes NFTs of the Afghan coat worn by John Lennon in the made-for-television film the Magical Mystery Tour and three Gibson guitars given to Julian Lennon by his father.

Each NFT will be offered as an audio-visual collectible, with narration by Julian Lennon alongside imagery of the item.

The NFT of notes hand-written by Paul McCartney for Hey Jude is expected to fetch the most at auction. It has a starting price of $30,000 (£22,260), with expectations that bids could reach more than double that figure.

Part of the proceeds from the NFT sale will go to Julian Lennon's White Feather Foundation. The online auction will be held on 7 February.

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Source: BBC.com