Sotheby's announced the work was bought by Israeli entrepreneur Shalom Meckenzie, the largest shareholder of digital sports company DraftKings.
Who says the NFT bubble has popped ?
A non-fungible token (NFT) of a digital artwork called a CryptoPunk defied expectations and just sold for $11.8 million at Sotheby's on Thursday this week.
"CryptoPunks are a set of 10,000 pixel-art characters made by Larva Labs in 2017" and the mega bucks one that sold-- CryptoPunk #7523 -- is "of the sought-after Alien variety with blue-green skin, and wearing a medical mask," according to Reuters . It was bought with bitcoin and no physical artwork changes hands.
Sotheby's announced the work was bought by Israeli entrepreneur Shalom Meckenzie, the largest shareholder of digital sports company DraftKings $(DKNG)$.
"We are excited to continue to explore new and interesting ways in presenting these cutting-edge works," Michael Bouhanna, a contemporary art specialist at Sotheby's, told Reuters.
This week the famous "Doge" NFT also sold at another auction for $4 million.