Collection of Virtual Crypto Artwork Just Sold for $777,777

Spread the love

A non-fungible token (NFT) representing artwork by the digital artist Beeple has fetched $777,777 at an auction after an investor made a last-second bid.

NFT marketplace Nifty Gateway facilitated the event that witnessed investors Tim Kang and another psuedonymous bidder named Metakovan locked in a bidding war for Beeple’s single collection of digital art.

Metkovan pushed the price to as high as $380,000 before Kang, who also goes by the name illestrater, made a last-second bid to the tune of $777,777.

Dubbed as The Complete MF Collection, the NFT-based artwork is a series of images inspired by nature, technology and Star Wars.

The Complete MF Collection comes with a physical token that features a signed and numbered titanium backplate containing hidden markers to prove authenticity. The NFT is also packaged with a certificate of ownership, cleaning cloth, as well as an authentic Beeple hair sample.

Beeple says that while the winning bidder can sell the physical token and the NFT separately, he doesn’t recommend it.

RECOMMENDED READ:  Former People’s Bank of China deputy governor calls Bitcoin a “commercial success”

“Ok so after I ship you the physical token I obviously can’t stop you from splitting up the physical token and NFT but I can assure [you] it will make both of them less valuable.

They are meant to augment each other and to me, it’s like cutting a baseball card in half and trying to sell the pieces. Nobody can stop you from doing it, but it kinda makes both pieces worthless.”

 244 Interactions,  4 today

Bitcoin Price Movement Analysis for 16th April, 2021

Today, the Bitcoin price is plummeting as buyers race to win after it hit an all-time high of $64,945. Bitcoin Read more

The Nigerian Securities and Exchange Commission (SEC) claims that the central bank’s crypto ban has caused business disruption.

The Nigerian Securities and Exchange Commission says it is collaborating with the central bank to develop a regulatory system for Read more

Finance authorities dismiss cryptocurrencies, in the wake of Coinbase’s IPO celebrations

Economic gatekeepers are taking a closer look at blockchain as mainstream coverage of the Bitcoin bubble and Coinbase listing intensifies. Read more

RECOMMENDED READ:  Reignited Interest: How Chainlink Futures Open Interest shot through the roof
Romanian university intends to consider cryptocurrency payments for admissions fees.

The academic college, which has about 11,000 students, stated that the inclusion of crypto payments was part of a campaign Read more

Bitcoin Price Movement Analysis for 11th April, 2021

Is Bitcoin nearing its peak? It's unlikely. Many on-chain measurements revealed that, although Bitcoin was highly bullish, it had not Read more

Fidelity’s Tom Jessop on why Crypto has reached a “tipping point.”

The crypto market has gained traction as a result of low interest rates and fiscal stimulus, according to a Fidelity Read more

How arrests for attempting to obtain a hitman and a nuclear bomb demonstrate that the dark web is not always anonymous.

Paying with cryptocurrency does not guarantee your safety. Most of the criticisms levelled at cryptocurrencies is that its difficult-to-trace existence Read more

The cryptocurrency market cap has surpassed $2 trillion, making it as valuable as Apple.

For the first time, the total market value of all cryptocurrencies exceeds $2 trillion. According to Goingecko numbers, the total Read more

Why crypto analyst Ben Armstrong says, ‘He Very Confident Bitcoin Will Reach $300K This Year.’

Recently, blockchain expert and influencer Ben Armstrong mentioned Bitcoin in a video posted to his highly popular YouTube channel “BitBoy Read more

Binance Coin, Dogecoin, SushiSwap Price Movement Analysis for 4th April, 2021

Binance Coin predicted that fresher record thresholds will be set in the coming days due to solid technicals. Following a Read more

Tron Price Movement Analysis for 4th April, 2021

In the cryptocurrency industry, excessive uncertainty has had a long-term effect on the price of the digital commodity. This uncertainty Read more

Leave a Reply

Contact Us