Friday, October 7

Andreas Antonopoulos-inspired NFT was auctioned for almost $ 4 million

Key facts:
  • The second most expensive NFT in the auction was a Bored Ape Yatch Club, for $ 3.3 million.

  • The most expensive Rare Pepe previously was Homer Pepe’s, which sold for $ 320,000 in March.

A Rare Pepe that pays tribute to renowned writer and bitcoiner Andreas Antonopoulos was sold for $ 3,650,000 at an NFT art auction a few hours ago. The sale took place on the new website of the UK-based auction house Sotheby’s.

It’s about the first auction organized in the virtual gallery Sotheby’s Metaverse, which began on the 18th of this month and ended today. Collectibles from Rare Pepe, Yuga Labs (Bored Ape), Larva Labs (CryptoPunks), and CryptoKitties, among other artists and NFT product creators, were sold.

The sale that reached the highest value was the already reviewed work by Rare Pepe entitled PEPENOPOULOS. This refers to Andreas Antonopoulos, writer of fundamental books for anyone passionate about cryptocurrencies and Bitcoin, such as: Mastering Bitcoin, The Internet of Money, Mastering Ethereum, etc. In CriptoNoticias we have presented some of his works previously translated into Spanish.

The most expensive Rare Pepe for several years was the Homer Pepe, based on the character from the animated series The Simpsons, Homer Simpson. The NFT reached 350,000 pepecash, a crypto asset native to the Rare Pepe ecosystem, which was equivalent to USD 39,200 in January 2018. In March 2021, that same NFT was sold for the equivalent of USD 320 thousand paid in ether (ETH), the Ethereum cryptocurrency.

The work Bored Ape Yatch Club #8817 from Yuga Labs also topped $ 3 million in the current auction. Its final price was USD 3,388,000. As an ironic curiosity, anyone who had offered that amount of money on the launch day of the Bored Ape collection, in April of this year, he could have bought all 10,000 existing copies. At that time, they were sold for ETH 0.08 each, which is equivalent to USD 337, according to their current market price.

Sotheby’s and its foray into NFT art

Sotheby’s is a nearly 300-year-old British auction house. Having successfully auctioned several pieces of digital art in early 2021, they expressed their intention to further expand in this niche. From there came the idea of ​​Sotheby’s Metaverse, a platform based on the Ethereum blockchain where works of art in NFT format are exhibited and auctioned.

The first collection of published pieces, whose auction period has just ended, was called Natively Digital 1.2: The Collectors. Personalities such as Paris Hilton and DJ and music producer Steve Aoki; who sold some works from their personal collections.

It is worth noting that the payments for this auction, although they could be made with cryptocurrencies such as bitcoin (BTC) and ether (ETH), they had to come from exchange houses such as Coinbase and Gemini, but not from wallets guarded by the same owner. They also accepted fiat money and traditional payment methods.