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The New York Post

June 12, 2021, 4:36 p.m. EDT

‘CryptoPunk’ NFT sells for $11.8 million at Sotheby’s

By Paula Froelich

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 (NAS: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.

This article was first published on NYPost.com

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