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British auction house Christie’s Plans to Sell 9 Rare Cryptopunk NFTs Next Month 

Next month in New York, the popular auction house Christie’s plans to auction a rare lot of Cryptopunk non-fungible token (NFT) collectibles. The sample of work sold will be approximately nine rare Punks, courtesy of the project’s creators Larva Labs. Nine Rare Cryptopunks Going to Auction On May 13, 2021, the British auction house founded in 1766 by James Christie plans to auction nine one-of-a-kind NFTs from the Cryptopunk project. Christie’s said it will be the first of a kind occasion of “groundbreaking work offered at a traditional auction house.” The single lot of nine Punks stems from the NFTs…

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NFTs ‘ten times better’ than traditional art, says Beeple’s $69M NFT buyer

Winner of landmark auction breaks down his investment thesis on NFTs. Nonfungible tokens are “ten times better than their physical counterparts”, according to digital art collector MetaKovan. The pseudonymous art patron, who was recently revealed to be blockchain entrepreneur Vingaresh Sundaresan, bought the NFT of Beeple’s “EVERYDAYS: THE FIRST 5000 DAYS” for $69 million dollars earlier this year. Explaining the motives behind his purchase in an exclusive interview with Cointelegraph, MetaKovan pointed out that NFTs have a number of advantages over traditional artworks: they are easy to transfer, they don’t have any storage costs, and their ownership can be shared.…

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Superchief opens first-ever gallery dedicated to NFT art in New York City

Located in Union Square, the location will display NFTs on auction on high-res screens Mainstream adoption of nonfungible tokens doesn’t seem to be slowing down anytime soon as the first-ever art gallery dedicated solely to NFT-backed art has opened in New York City.  Superchief, an artist collective that operates galleries in New York and Los Angeles, announced the launch of the new gallery in the Union Square neighborhood. The gallery will display NFTs via a collaboration with Blackdove, a manufacturer of high-resolution digital art display screens. The first exhibition, titled “Season One Starter Pack” (possibly a nod to the video…

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Nifty News: Sophia the Robot sells $1M worth, Cardano to clone NFT platforms, and more

Sophia the Robot has generated more than $1 million in NFT sales, Bhad Bhabie is dropping NFTs to help the “troubled teen industry”, Cardano trying to convince top NFT platforms to port over. If creative self-doubt and competition between humans in the art world weren’t already hard enough, artists now face the prospect of battling it out on Nifty Gateway with artistic robots. Sophia, the world-famous humanoid robot developed by Hong Kong-based Hanson Robotics, has generated more than $1 million in sales from her debut NFT drop on Nifty Gateway. The “Andrea Bonaceto and Sophia the Robot drop” was launched…

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The NFT of record: New York Times raises $500,000 for charity in NFT column sale

The NYT goes NFT as tokenized article auctions for over $500,000 "It's worth a try," wrote New York Times columnist Kevin Roose of his attempt to auction one of his articles as a non-fungible token (NFT). Just a day later, however, it appears to be worth much more than that. After publishing a step-by-step NFT explainer titled "Buy This Column on the Blockchain!" on Wednesday, Roose has successfully auctioned today what he calls a "digital original" of his article as an NFT on the Foundation platform, raising over $550,000 for charity.  The last half-hour of the auction was a particularly exciting one,…

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Nifty News: Italian copyright agency mints 4M NFTs, breast cancer LINK found, and more

Algorand helps secure almost 100,000 authors' copyrights, NFTs raise breast cancer awareness, the New York Times gets in on the action, and more. Italian copyright collecting agency Società Italiana degli Autori ed Editori, SIAE, has minted more than four million NFTs on the Algorand blockchain to digitally represent the rights of more than 95,000 authors. The partnership between SIAE and Algorand started in 2019, with SIAE aiming to digitize its entire copyright database to help decentralize the management of the metadata. NFTs will eventually provide copyright owners such as authors and publishers with royalty streams to their work. The tokenization…

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Romania set to auction Bitcoin and Ether confiscated in criminal case

The winning bidder will need to provide the auction house with a crypto address hosted on a registered, compliant trading platform. The Romanian authorities are set to host their first-ever auction of cryptocurrency, seized from a fraud case.  On Oct. 2, the National Agency for the Management of Seized Assets (ANABI) announced its forthcoming auction of the confiscated Bitcoin (BTC) and Ether (ETH), as required by a ruling from the Prosecutor's Office in Ploiesti Court. The specific quantities of cryptocurrency up for auction have not been reported. In a press release, ANABI stated: Taking into account the nature of the moveable…

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CodeFi-Blockchain Platform Developed by Consensys Cancels Auction

CodeFi, the blockchain platform developed by Consensys canceled the auction of the SKL token because of the increase in traffic during SKALE’s network ICO last week. The company decided to cancel the auction and introduce a new process that will provide all qualified users with the equal allotment of SKALE tokens with a fixed price so let’s find out more in today’s altcoin news. The SKALE network saw a turbulent ICO last week once the huge interest in the SKL token dropped when the platform was launched on. The SKL launch on the ConsenSys backed CodeFi platform was announced on…

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Paris Hilton Drew a Cat and it Somehow Sold for $17,000 in ETH

Paris’ pet is forever immortalized as an NFT. Media personality and businesswoman Paris Hilton announced that she successfully auctioned a digital painting of her cat, Munchkin, for 40 ETH — worth almost $17,000. The sale was held through an Ethereum-based auction platform called Cryptograph.According to a tweet published by Hilton, money raised from the auction of the portrait will go to three charities in the United States — The LA Food Bank, Meals On Wheels, and BB4Homeless.The anonymous winner of Paris’ auction, known only as “Adirolls”, has also bought artwork made by Bitcoin.com’s founder, Roger Ver, and the Ethereum Foundation…

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