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What is a Yat and why are people paying $425K for emojis?

Published 02/09/2022, 12:54 AM
Updated 02/09/2022, 02:40 AM

Will emojis become the Web3 version of a username? That’s what Nashville-based tech startup Yat believes and with 160,000 sold worth a combined $20 million, it seems plenty of ordinary people agree.

A Yat is a string of between one and five emojis that can be used as your digital username, website URL and as a payment address for your digital wallet. It’s sort of a cross between a nonfungible token (NFT) and domain address — though not all Yats are tokenized.

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