Barstool Sports’ Dave Portnoy Is Selling His ‘Soul’ as an NFT

Apr 26, 2021 | Decrypt News | 0 comments


He was once Bitcoin-rich. Then Bitcoin-poor. Now he’s…well, he still owns more of the cryptocurrency than most. Barstool Sports president Dave Portnoy today told the Twittersphere that he bought 1 Bitcoin—after having lost money last year when he “paper-handed” (or panic-sold) the asset. 

The eccentric media entrepreneur also put his “soul” on sale: a Portnoy non-fungible token (NFT) is now up for grabs. At the time of writing, the current top bid was above $12,000.

NFTs, for those who still don’t know, are unique tokens (usually on the Ethereum network) that can be used to represent just about any digital artifact, including artwork, audio, or video files. The market for NFTs has exploded in recent months. In the first quarter of 2021, NFTs generated more than $1.5 billion in sales, according to DappRadar. In all of 2020, only about $200 million in NFTs were sold.

Portnoy, who has had a rocky relationship with crypto, told followers that the first-ever Barstool Sports NFT could be given away for free: the highest bidder will have a chance to make a sports bet with the Barstool founder. If they win the bet, the NFT is all theirs and they don’t have to pay anything. 

“Whoever wins this—you have a chance to get it for free,” Portnoy said. “If the bet wins, I’ll give you back the money. If you lose, then you pay whatever is on the bid.” 

“If you want to own a piece of history and a piece of my soul, here is your chance,” he said in a Twitter video. 

The NFT is an image from Portnoy’s popular “One Bite Pizza Review” YouTube show. It also features an interesting character he stumbled across whilst filming the review. 

“It’s the pizza review I did in Miami with the guy with no arms, he’s carrying the suitcase—one of the most popular pizza reviews I’ve ever done,” he said. “It’s art, it’s beauty, it’s magic.”

Portnoy, who set up the sports news and popular culture website in 2003, said in a separate announcement that his latest cryptocurrency investment of 1 Bitcoin was all he could afford. 

“50 grand, I’m the proud owner of one Bitcoin,” he told viewers—adding that he sold all his Dogecoin.

Portnoy learned about Bitcoin last year from Gemini co-founders and Bitcoin billionaires, the Winklevoss twins. He invested $1 million in the currency but sold it just two weeks later when the price started to dip.

He has since said that he “fucked-up Bitcoin” by selling it, now that the price is up. 

How long will it be before he “paper-hands” his investment this time?

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

News Source from

Related Articles

South Korea to Crack Down on Phishing Websites Attacking Crypto Users

South Korea to Crack Down on Phishing Websites Attacking Crypto Users

South Korean authorities are intensifying their monitoring of phishing activity related to cryptocurrencies. The government has identified a record number of websites trying to obtain login details from crypto exchange users. Over 30 sites have been taken down in just...

TSX-traded bitcoin miner Bitfarms scores approval to list on Nasdaq

TSX-traded bitcoin miner Bitfarms scores approval to list on Nasdaq

Bitfarms, a publicly traded bitcoin mining firm, announced on May 7 that it had won approval to list on the Nasdaq Global Market. The timing of the listing is unclear at this time, though the firm said that it was moving "expeditiously" to "confirm Bitfarms’ common...

ETH price breaks above $4,000 to set new record highs

ETH price breaks above $4,000 to set new record highs

The price of Ethereum has jumped above $4,000 for the first time. The price of the second largest cryptocurrency by market capitalization climbed above the $4,000 level around 3:00 UTC on Monday just a week after breaking through the $3,000 level. It is changing hands...

Pin It on Pinterest

Share This