It was a home movie shot on a video camera by UK man Howard Davies-Carr, in which his one-year-old son Charlie bites his three-year-old brother, Harry. This resulted in the now iconic words: “Charlie bit my finger”.However, in May this year, the video was sold as an non-fungible token for $994,000., Mr Davies-Carr says the only reason he had changed the privacy settings of the video from private to public was so it could be watched by close friends and family.
Then the video views began “doubling everyday” and it had a million views by December, six months after it was posted. This made the “Charlie bit my finger” one of the first and most successful viral videos of its time.However, the decision to sell the video as an NFT required Mr Davies-Carr to do a bit of explaining, with many people confused as to what was actually being sold.
The one-of-a-kind, digital assets are traded, bought and sold via blockchain. NFTs can be digital art, music, memes and videos. Some high-profile NFTs include Twitter CEO Jack Dorsey selling his first tweet for over $4 million and Paris Hilton’s collection of NFTs, the priciest of which is selling for $1.5 million.“With an NFT, you’re buying a digital certificate and that digital certificate is saying that you have bought this original thing, and you are the rightful owner,” he explains.