Crypto

NFT: Digital Character Sold at Auction for $ 11.7 Million

CryptoPunk 7523, sold on Thursday, June 10 in New York at Sotheby’s, for $ 11.7 million, became the second most valuable NFT in the world, far behind the digital work of artist Beeple “Every Day”, which sold in mid-March for 69.3 million dollars. …

CryptoPunk 7523 belongs to a series of creatures created in 2017 by Larva Labs, a young American company that contributed to the development of NFTs (these unique and notoriously untouchable objects listed on the blockchain), whose explosion in recent months has revolutionized the art market.

Each image designed by Larva Labs is roughly a pixelated face, reminiscent of 1980s video game characters. 7523 is one of a handful of 10,000 CryptoPunks characters to wear a surgical mask, making him particularly popular.

Race for records

Sotheby’s said the buyer was entrepreneur Shalom Mackenzie, the largest shareholder in DraftKings, an online betting operator with an estimated fortune of several hundred million dollars.

In addition to 7,523, several copies have been sold in recent days for over $ 100,000 each. In total, CryptoPunks has generated $ 351 million in transactions since launch, according to NonFungible.com.

Another witness to the phenomenal boom in NFT-certified digital art, French artist Fred Forest, a pioneer in the field, will sell a work called NFT Archeology for $ 69.3 million + $ 1 with the hope that it will break. The record for the artist Beeple was announced Thursday by the Cartier Foundation.


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