CryptoPunk ‘Alien’ NFT sells for $11.8M at Sotheby’s auction
Al Jazeera
The auction house has sold a number of works of virtual art this year that have fetched hefty sums.
A non-fungible token of a digital artwork called a “CryptoPunk” sold for $11.8m 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 a sought-after alien variety with blue-green skin and 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.More Related News