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This Y Combinator founder is selling his startup as an NFT as a way to 'embrace failing,' with bids starting at $96,000

This Y Combinator founder is selling his startup as an NFT as a way to 'embrace failing,' with bids starting at $96,000

Gordian Braun, the founder of Onetool, decided to sell his failing startup as an NFT.
Courtesy Gordian Braun




Gordian Braun, the founder of Onetool, a startup backed by Y Combinator, is selling it as an NFT.




The SaaS-management startup is up for sale on OpenSea, with a minimum bid set at more than $96,000.




Braun told Insider the sale was a way to "embrace failing" and recoup some money for his investors.




See more stories on Insider's business page.


Some startup founders choose to wind down their businesses by selling the assets to another company. Gordian Braun chose a different approach.He's selling his Y Combinator-backed company, Onetool, as an NFT on OpenSea.The winning bidder will receive a certificate commemorating the sale as "the first startup ever sold as an NFT," the sale page says. The purchase includes the company's source code and domain name, as well as a copy of its application and video pitch for Y Combinator.Braun said he hoped the listing would help him recoup at least some of the $1.7 million in funding the company received. The minimum bid is pretty steep, at 50 wETH - wrapped ether, a type of cryptocurrency - or more than $96,000. So far, the listing, which went up earlier this week, hasn't gotten any bids.
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