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Couple make nearly $120,000 in under 6 hours selling NFTs to save home from foreclosure

Posted on 1/24/22 at 7:05 pm
Posted by stendulkar
Member since Aug 2012
767 posts
Posted on 1/24/22 at 7:05 pm
quote:

After Thorne Melcher lost her job as a software engineer in February, bills started piling up. Her girlfriend, Mandy Musselwhite, was able to cover a few expenses selling her artwork, but the couple quickly fell behind on their mortgage payments.

Melcher and Musselwhite own a homestead outside of Atlanta. Not only did they spend most of their savings to afford the $300,000 property in 2019, but it includes a farmhouse where they've raised six ducks, two geese and other animals.

"I knew we had to think of something," Musselwhite, 25, tells CNBC Make It. "We really didn't want to lose this property. We love it here. The animals love it here."

Fearful of foreclosure, the couple co-created Dastardly Ducks, a collection of 10,000 cartoon duck nonfungible tokens (NFTs) generated by code with unique combinations of over 100 different traits, in order to raise money. The couple launched it Wednesday and it sold out in less than six hours, earning them just under $120,000.

"We saved our farm by selling cartoon ducks. It was like a fever dream," Melcher, 33, says. "They immediately started going so fast. I couldn't sleep until they were all gone."

Although the couple wasn't already known in the NFT space, a small group of supporters helped generate interest in the project.

It was perfect timing too. The couple owed $35,587 in mortgage back-payments and had to drop off a check to their lawyer on Thursday, or they would've been expected to appear in court on Friday. But Musselwhite was able to hand over a $40,000 check instead, putting them ahead on their payments.

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Posted by lsusteve1
Member since Dec 2004
41910 posts
Posted on 1/24/22 at 7:06 pm to
America
Posted by Jones
Member since Oct 2005
90510 posts
Posted on 1/24/22 at 7:07 pm to
quote:

10,000 cartoon duck nonfungible tokens (NFTs) generated by code with unique combinations of over 100 different traits, in order to raise money. The couple launched it Wednesday and it sold out in less than six hours, earning them just under $120,000.


Pretty freaking weak
Posted by Jizzy08
Member since Aug 2008
11224 posts
Posted on 1/24/22 at 7:07 pm to
What, she can’t start an onlyfans like any respectable person would???
Posted by papasmurf1269
Hells Pass
Member since Apr 2005
20896 posts
Posted on 1/24/22 at 7:07 pm to
I’m glad it worked out for them
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
63010 posts
Posted on 1/24/22 at 7:08 pm to
Good for them for cashing in on a fad, but damn this economy/society is off the rails.
Posted by BuckyCheese
Member since Jan 2015
49280 posts
Posted on 1/24/22 at 7:09 pm to
I don't understand any of this.
Posted by GregMaddux
LSU Fan
Member since Jun 2011
18212 posts
Posted on 1/24/22 at 7:10 pm to
I didnt know what NFT means. Im such a moron!
Posted by BeerMoney
Baton Rouge
Member since Jul 2012
8375 posts
Posted on 1/24/22 at 7:10 pm to
Glad that worked out but you have to be a pretty unsavory frick to get laid off as a software engineer now days. There just aren’t enough of them out there.
Posted by GB1017LSU
Member since Nov 2015
950 posts
Posted on 1/24/22 at 7:11 pm to
Don’t know what any of that means….but good for them.

This post was edited on 1/24/22 at 7:20 pm
Posted by GregMaddux
LSU Fan
Member since Jun 2011
18212 posts
Posted on 1/24/22 at 7:12 pm to
quote:

you have to be a pretty unsavory frick to get laid off as a software engineer now days.


He probably trained his foreign replacement before being laid off
This post was edited on 1/24/22 at 7:13 pm
Posted by gizmothepug
Louisiana
Member since Apr 2015
6439 posts
Posted on 1/24/22 at 7:12 pm to
quote:

America


A fricking mess.
Posted by BHM
Member since Jun 2012
3150 posts
Posted on 1/24/22 at 7:13 pm to
I don't want to live anymore.
Posted by andwesway
Zachary, LA
Member since Jun 2016
1507 posts
Posted on 1/24/22 at 7:13 pm to
Some people in this country have far more money than they have brains.
Posted by boosiebadazz
Member since Feb 2008
80229 posts
Posted on 1/24/22 at 7:13 pm to
I still don’t understand where NFTs fit in between the screenshot and the copyright
Posted by Ed Osteen
Member since Oct 2007
57482 posts
Posted on 1/24/22 at 7:14 pm to
35k in missed payments on a 300k house bought in 2019 that they spent most of their savings on?
Posted by fr33manator
Baton Rouge
Member since Oct 2010
124217 posts
Posted on 1/24/22 at 7:15 pm to
Posted by Ed Osteen
Member since Oct 2007
57482 posts
Posted on 1/24/22 at 7:15 pm to
quote:

He probably trained his foreign replacement before being laid off


Lesbians brah
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
119154 posts
Posted on 1/24/22 at 7:16 pm to
quote:

I don't understand any of this.



No sane person does.
Posted by TDTOM
Member since Jan 2021
14498 posts
Posted on 1/24/22 at 7:16 pm to
Am I the only old bastard that has no idea what these NFTs are and how they work?
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