Sotheby’s sold a ‘Covid Alien’ CryptoPunk from Larva Labs for $ 11,754,000

‘CryptoPunk # 7523’ by Larva Labs. Courtesy of Sotheby’s

Thursday, like his “Natively digital”The organized NFT sale has ended, Sotheby’s scored a huge victory by selling one of its Larva Labs CryptoPunks for $ 11,754,000, further perpetuating the list of recently racked up NFT affiliate victories by Christie’s, UC Berkeley and Even the New York Times. NFTs made by Larva Labs quickly proved to be reliable products in the market: In May, Christie’s sold nine NFT CryptoPunk for $ 16.9 million. The genesis of CryptoPunks came in 2017, when Larva Labs created 10,000 unique 24-by-24 pixel icons depicting heads belonging to humans of varying styles. Since then, they have accumulated value exponentially.

Following the success of “Natively Digital”, Sotheby’s has also just announced that the auction house will launch the first auction which will also include physical impressions CryptoPunks; the online sale will take place between June 24 and July 1. The “Natively digital”The results also included the sale for $ 1,472,000 of an NFT called Quantum, created by artist Kevin McCoy, as well as the $ 35,280 sale of an NFT called Twin flames # 49. Alyson & Courtney Aliano which was produced by artist Justin Aversano. the Masked Alien # 7523 NFT is one of nine alien cryptopunks, and it is the only wear a mask.

In line with industry wide acceptance of digital artworks, platforms and blockchain in all their forms, Sotheby’s also recently opened its very first virtual gallery, Decentraland, which is a platform. -form based on the energy generated by the Ethereum blockchain. In May, Sotheby’s also announced that it would become the first major auction house to accept Bitcoin (BTC) and Ether (ETH) cryptocurrencies as a form of payment for physical works of art. Sotheby’s did this through a collaboration with Coinbase, a massive cryptocurrency exchange. These developments indicate that digital works of art are set to universally become the main attraction of auctions in the future, rather than a new curiosity.

Sotheby's sold a 'Covid Alien' CryptoPunk from Larva Labs for $ 11,754,000


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