The E.T. model featured both the appropriate NFT and Rambaldi's original maquette of E.T.

What happens when Web3 and Hollywood collide? A one-of-a-kind NFT and the original E.T. model went for an astounding $2.6 million at a Hollywood-themed auction. At Julien's Auction, a collection of artifacts that included an E.T. model and an NFT sold out rapidly.

E.T. The Extra-Terrestrial, a blockbuster film from 1982, continues to be a favorite among fans of science fiction and extraterrestrials everywhere. Steven Spielberg produced and directed the hit movie, which won audiences' hearts and made a ton of money at the box office.

In The Icons and Idols: Hollywood auction, the memorabilia set made its debut as one of the collections. stealing the spotlight at a Turner Classic Movies event with more than 1,300 Hollywood treasures. The E.T. model featured both the appropriate NFT and Rambaldi's original maquette of E.T.

Throughout the illustrious event, the E.T. set had tough opposition. The sale also included, among other items, Chris Evan's shield from Captain America: The First Avenger and Daniel Radcliffe's Nimbus 2000 broom from Harry Potter and the Prisoner of Azkaban. In spite of this, the unique piece of E.T. memorabilia dominated the competition and emerged as the most popular object at the event.

The E.T. model NFT is unmistakable evidence that major businesses (including fashion, music, and Hollywood) embrace Web3 initiatives. NFTs give owners exclusive ownership rights, an indelible souvenir, and a mechanism to capture a specific moment in time.