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Dubai-based 3F Music buys the NFT "Side-Eyeing Chloe" for $ 74,000



 3F Music, a Dubai-based music production company, has purchased another meme-inspired Non-Fungible Token (NFT) . A report revealed that news on Sept. 26, stating that the company had acquired the NFT from meme girls "Side-Eyeing Chloe" for 25 ETH ($ 73,953.75 at auction time). The meme is based on a clip showing Chloe Clem's unimpressed reaction to a surprise trip to Disneyland in 2013.

According to the report, internet users viewed the clip over 20 million times and used a screenshot of their reaction countless times in memes. The screenshot has a size of 660 × 371 pixels. That means each pixel grossed about $ 0.30. Katie Clem, Chloe's mother, remarked that the proceeds from the sale were amazing. However, the NFT cost less than what the family made from selling the meme.

Katie added that she and her family were watching the auction from their Utah home. They were delighted that they were able to complete the sale of the NFT together. She added that her family intends to hoard the ETH tokens received from the sale for a while. Katie appears to be familiar with cryptocurrency volatility. In a week, the 25 ETH could be worth more.

In fact, the price of ETH has increased since it was sold. At the time of this writing, the second-largest cryptocurrency by market capitalization is priced at $ 3,102.25. In the past 24 hours, their price has increased 11.36%. With this surge, the family's crypto holdings have grown to $ 77,556.25.

NFT craze continues

This news comes as 3F Music continues to purchase more meme-based NFTs. Before the Chloe piece with the sideways glance, the company bought NFTs of memes based on Disaster Girl, The Overly Attached Girlfriend, and the two Creepy Chans. In total, the company spent $ 993,000 in ETH on these purchases.

In addition to private individuals, large companies have also jumped on the NFT bandwagon. Companies like TIME have launched NFT collections. The news magazine's most recent NFT collection included the sale of 4,676 NFTs for 0.1 ETH each. The collection called TIMEpieces was sold out within a few minutes . Apparently, there is no end in sight to the NFT frenzy.

Fashion brands have also adopted NFTs: Dolce & Gabbana will start auctioning the first NFT collection on September 20th . Under the NFTs there is also a piece called the DOGE-Krone. Although the crown has nothing to do with the Shiba Inu-inspired meme coin , its current bid is $ 501,819.

The buyer of the NFT receives a 4K rendered animation of the crown, as well as the physical version set with seven blue sapphires and 142 diamonds. Dolce & Gabbana hopes to raise the bid. Therefore, the fashion house suggested that the buyer of the DOGE crown should be anointed the king of cryptocurrencies. With this D&G tries to woo personalities like Elon Musk, an enthusiastic DOGE supporter.

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