'CryptoPunk' NFT sells for US$11.8 million at Sotheby's

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A non-fungible token (NFT) of a digital artwork called a 'CryptoPunk' sold for US$11.8 million last week, 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 the sought-after Alien variety with blue-green skin, and wearing a medical mask.

It was bought by the Israeli entrepreneur Shalom Meckenzie, who is the largest shareholder of digital sports company DraftKings, Sotheby's said. Anyone can view the artworks the NFTs represent, but only the buyer has the official status of being the owner.Although the sale was on online auction, the works were displayed on screens in Sotheby's exhibitions in New York, London and Hong Kong.

 

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