A Record-Breaking NFT Sale: Autoglyphs Fetch $14.6 Million
A complete set of 10 Autoglyphs has been sold for 5,000 ETH, equivalent to around $14.6 million today. This transaction marks the highest sale of an NFT in the past two years and ranks as the fifth-largest on-chain purchase.
The Sale and the Buyer
The sale took place through Fountain.xyz, a platform specializing in rare digital art brokerage. While the buyer’s identity remains undisclosed, it is known that they have a background in collecting traditional analog art and perceive Autoglyphs as no different from traditional artwork.
Autoglyphs: A Unique Form of Generative Art
Autoglyphs were introduced by Larva Labs, the creators of CryptoPunks, in 2019. These NFTs represent the pinnacle of on-chain generative art, with every aspect, including their creation algorithm and visual output, existing directly on the Ethereum blockchain. Unlike other NFTs, Autoglyphs do not rely on off-chain storage.
- Each piece in the collection of 512 is immutable and free from royalties.
- Autoglyphs are considered the purest form of generative art within the blockchain space.
- This particular set is one of only seven full sets and was curated and minted directly by Matt Hall and John Watkinson of Larva Labs.
- The acquired set was previously part of the “Old School Collection.”
A Milestone for Autoglyphs
This significant purchase adds to Autoglyphs’ already impressive legacy. The artwork has generated over $50 million in secondary sales and has been exhibited at renowned venues like Centre Pompidou and Sotheby’s.
Hot Take: Autoglyphs Redefining the NFT Market
The sale of the Autoglyphs set for a staggering $14.6 million demonstrates the growing prominence and value of NFTs in the art world. As a crypto enthusiast, you can witness how this record-breaking transaction further solidifies the position of Autoglyphs as a pioneering form of generative art within the blockchain space.
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