'CryptoPunk' NFT sells for $11.8 million – Sotheby's

© Reuters.

LONDON (Reuters) – A non-fungible token (NFT) of a digital artwork called a “CryptoPunk” was sold for $11.8 million on Thursday, according to a tweet by auction house Sotheby’s.

The NFT – a blockchain-based asset which certifies ownership of a digital object – was sold as part of the Sotheby’s online auction “Natively Digital: A Curated NFT Sale”, which runs from June 3-10 and features work by 27 digital artists.

CryptoPunks are a series of 10,000 unique pixel-art characters made by Larva Labs in 2017. The individual one sold by Sotheby’s — “CryptoPunk #7523” — is of the sought-after Alien variety with blue-green skin, and wearing a medical mask.

Two other Alien CryptoPunk NFTs have sold for more than $7 million each in previous sales. Anyone can view the artworks the NFTs represent, but only the buyer has the official status of being the owner.

For each purchase, the NFT is sent to the buyer’s cryptocurrency wallet; no physical artwork changes hands.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.