The first non-fungible token (NFT) ever created sold at auction on Thursday for $1.47 million, Sotheby's said, the latest sale in the technological revolution sweeping the art market.
First-ever NFT sells for $1.47 mn at auction
An NFT titled Quantum by Kevin McCoy is on display during a press preview of the Natively Digital: A Curated NFT Sale at Sotheby s on June 04, 2021 in New York City. Cindy Ord/Getty Images/AFP.
NEW YORK
(AFP)
.- The first non-fungible token (NFT) ever created sold at auction on Thursday for $1.47 million, Sotheby s said, the latest sale in the technological revolution sweeping the art market.
The auction house also sold a pixelated digital figure known as a CryptoPunk for $11.7 million, making it the second most expensive NFT to date. Quantum, an octagon-shaped animation by New York artist Kevin McCoy, became the first work to be associated with an NFT-type certificate of ownership in May 2014, three years before the term NFT was coined.
LONDON: A non-fungible token (NFT) of a digital artwork called a CryptoPunk sold for $11.8 million on Thursday, auction house Sotheby s said. CryptoPunks are a set of 10,000 pixel-art characters made by Larva Labs in 2017. The one sold by Sotheby s - CryptoPunk #7523 - is of the sought-after Alien variety with blue-green skin, and wearing a medical mask. The work is in the form of an NFT - meaning it is authenticated by blockchain, which certifies its originality and ownership. The NFT is sent to the buyer s cryptocurrency wallet; no physical artwork changes hands. CryptoPunk #7523 was sold for $11,754,000 as part of the Sotheby s online auction Natively Digital: A Curated NFT Sale , which fetched a total of $17.1 million across works by 27 digital artists.
The NFT of a "CryptoPunk" character fetched $11.8 million, setting a new world auction record for a single CryptoPunk.The token, dubbed "Covid Alien," was