A digital artwork put up for sale by Christie’s auction house in New York City, USA, has found a buyer for $ 69 million. For the first time, a non-barterable cryptocurrency was accepted for payment of the work.
Christie’s auction house said a virtual painting created entirely digitally sold for $ 69 million, and the buyer who won the auction made the payment with a cryptocurrency called NFT, which was described as a “non-swap coin.”
NFTs are designed to create copyrighted products because they are not traded. When an artist converts a work of his own into an NFT, he retains the copyright with his own digital signature, and the copyright that falls on his share of each sale of the product is transferred to his account in the form of crypto payment.
“Everydays: the First 5000 Days “by artist Mike Winkelmann is a digital collage of 5 thousand separate drawings, part of which has been published every day for the last 13.5 years. Winkelmann’s work includes sketches, the majority of which were created with illustration software, portraits of famous names, and digital drawings of many well-known cartoon characters.
It was announced that the digital artwork had no physical presence and would be delivered directly to the recipient by the artist “accompanied by a unique NFT encrypted with the artist’s impermeable signature and uniquely identified on the blockchain.”