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Christie’s auction house is selling nine CryptoPunk non-fungible tokens (NFTs). The auction house announced this on Thursday, further confirming these will star in the 21st century evening sale in New York this May.
Cryptopunk NFTs have become popular in the last few years. They have been going for as much as $7 million in recent months. CryptoPunks are digital characters and were some of the very first digital mints back in 2017. Larva Labs, the first developers, boasts of creating 10,000 of these unique collectible characters.
CryptoPunk NFTs
Nine of the rarest collection of Cryptopunk NFTs by Larva Lab will be sold by Christie’s auction house. The physical auction house is responsible for the record $69 million “Everyday” artwork by Beeple. Since it got involved with NFTs, the auction house has not only been central to the current NFT craze but has proven that NFTs are not a fad but a new development in the art world.
CryptoPunks explained: 10 things about the first NFTs | Christie s christies.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from christies.com Daily Mail and Mail on Sunday newspapers.
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Christie’s will sell a single lot of nine rare CryptoPunks, a continued reach for the famed auction house into the world of digital art.
NFTs, or non-fungible tokens, have become a popular collector’s items in recent months. HYPEBEAST wrote a comprehensive explainer on the buzzy blockchain asset last month.
CryptoPunks, regarded as one of the first NFTs ever created on the Ethereum blockchain, was developed by American studio Larva Labs in 2017. There are only 10,000 unique CryptoPunks in circulation, which are randomly-generated 8-bit characters originally offered up for free.
Christie’s announced on Thursday that it would be selling a set of nine CryptoPunks, all from Larva Labs’ original collection.
Christie s Is Auctioning 9 CryptoPunk NFTs for up to $9 Million businessinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com Daily Mail and Mail on Sunday newspapers.