Two Feet and FEWOCiOUS’s NFT auction becomes the third to top $1m in sales
Four collaborative NFTs launched by musician Two Feet and visual artist FEWOCiOUS have generated more than $1m in Nifty Gateway’s largest auction of 2021 so far. The auctions were organized by Illumino, an NFT-focused firm seeking to bring “tastemakers and artists” together to launch innovative art on-chain. Illumino was put together by the LA-based management agency Keel, crypto VC firm Framework Ventures, and Bruch Projects — the NFT arm of Manna Ventures.The NFTs went live on Valentine’s Day, beginning with one-of-a-kind 3D renditions that were sold to the highest bidder.The....
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The French government will auction 611 bitcoins that were seized from hackers next week. There will be two sales comprised of 478 lots altogether. Each lot consists of between 0.11 and 20 bitcoins. Paris-based auction house Kapandji Morhange will auction 611 bitcoins on March 17. The company says this is the first auction of seized bitcoin by the French government. At the current price, this amount of bitcoin is worth almost $34 million. According to the auctioneer’s website, two sales will be conducted: one at 9 A.M. and the other at 2 P.M. The first sale consists of 437 lots of....
There were two surges in the market this year that also coincided with solid spikes in internet searches for the term “NFT.” Trading volumes across various verticals of nonfungible tokens (NFTs) have been on a tear this year.Combined sales for collectible and art NFTs have reached $7.4 billion as of Q4 2021. The art NFT market has grown from $17.8 million on January 1 to $1.8 billion in total sales as of Nov. 5, 2021. At the beginning of 2021, the collectible NFT market started with a total sales volume of $55.5 million. It has since ballooned to $5.6 billion. As reported by Reuters, total....
The addition of auction formats should make buying and selling digital artwork easier, more fun and more profitable. Digital art trading platform SuperRare has launched two different timed auction formats, to complement its existing fixed-price and open-offers sales.Early-access began on Dec. 7, with a number of special auctions featuring works by well-known digital artists being run to celebrate SuperRare Auction Week.Full public access to the auction features will become available on Dec. 14.The two new formats are Scheduled Auctions and Reserve Auctions, which are carried out fully....
Almost $400 million has been spent on CryptoPunks over the past 30 days. August is shaping up to be a record month for nonfungible token sales with almost $900 million spent on them over the past 30 days.According to data from the tracking portal Nonfungible, $896 million has been spent on NFTs over the past 30 days. The number is very likely to exceed $900 million by the end of the month marking a new record for the burgeoning industry.The number is more than triple the previous best month for NFT sales in May when $255 million were sold. August has seen sales skyrocket and it has been....
Noted bitcoin investor Barry Silbert has announced Bitcoin Investment Trust will form a syndicate for the auction. The US Marshals Service (USMS) has revealed it intends to auction potentially all of the 144,000 BTC confiscated from Ross Ulbricht during its Silk Road investigation in the coming months, but that it has elected to break up the sales in order to prevent disruptions to the bitcoin market. The USMS announced on 17th November that it will auction off just 50,000 BTC previously owned by Ulbricht, who stands accused of operating the now-defunct Silk Road online black marketplace.....