Unfortunately, 33-year-old Thorne Melcher lost her job as a software engineer in February, which made things difficult for her and her girlfriend Mandy Musselwhite, as reported by CNBC.
While Mandy was able to cover a few expenses by selling her artwork, they both couldn’t keep up with the mortgage.
The calendar then hit January – meaning time was running out to save their $300,000 property, which includes a farmhouse with six ducks, two geese, as well as other animals.
On Thursday, the couple was required to drop off a $35,587 mortgage check. If they failed then they would have had to appear in court the next day.
Luckily, they came up with one final bold idea to save the property – and that was through the intuitive Dastardly Ducks.
This included non fungible tokens (NFTs) of 10,000 cartoon ducks.
“Sad Duck” from Thorne Melcher and Mandy Musselwhite’s Dastardly Ducks NFT collection.
“We were able to raise enough money to keep our farm going by selling cartoon ducks. He described the experience as “like a fever dream.” “It seemed like they were going so fast at first. After they were all gone, I couldn’t go to sleep at night.” Even though they weren’t already well-known in the NFT community, a small number of supporters helped to raise attention for the project. The time was great as well. The couple owing their lawyer $35,587 in mortgage back-payments and had until Thursday to pay up or appear in court on Friday. Instead, Musselwhite was able to deliver a cheque for $40,000, bringing them one payment ahead of schedule.
“Our livs changed overnight,” Melcher says.
They had a few overdrawn bank accounts prior to the sale of NFTs. Melcher states that “one shared account” cost “less than $1”. On her Cash App, Musselwhite says, there was just 89 cents left. She claims to have a balance of negative $4.11. They were also having a hard time making ends meet because they couldn’t afford to eat. They also couldn’t afford the charge to install the collection’s smart contract at first, because they didn’t have the money for that. NFTs are powered by smart contracts, which are collections of code that execute a set of instructions on the blockchain. In order to cover the cost of the computing energy required to perform each Ethereum transaction, users must pay a fee. Using smart contracts, such as NFTs, requires a lot of energy and costs more money.