Historic Autoglyphs Collection Sale Sets New Record in NFT Market
Staff Writer • 2024-02-21
$14.6 Million Acquisition Highlights Growing Value of Blockchain Art A complete set of Autoglyphs was sold for a staggering 5,000 ETH, approximately $14.6 million. This sale not only shattered previous records but also marked a historic moment in the NFT marketplace, positioning it as the highest transaction in the past two years and the fifth-largest on-chain purchase to date. The Collection's New Benchmark The transaction was facilitated by Fountain.xyz, a brokerage renowned for its specialization in rare digital art. The acquisition by an anonymous collector, who has deep ties to the traditional art world, signifies a bridging of the gap between digital and analog art realms. The collector, represented by esteemed art advisor Amanda Schmitt, intends to showcase the Autoglyphs in museums and institutional settings, further elevating the collection's status in the art world. Autoglyphs: A New Era of Generative Art Created by Larva Labs' Matt Hall and John Watkinson, Autoglyphs have swiftly risen to prominence within the generative art community. This unique collection, consisting of 512 distinct pieces, represents the pioneering spirit of on-chain generative art on the Ethereum blockchain. Unlike other NFTs that store information off-chain, each Autoglyph is fully contained within the blockchain, highlighting its authenticity and uniqueness. The set acquired, one of only seven and directly curated and minted by Larva Labs as part of the "Old School Collection," showcases the exclusivity and desirability of these pieces among collectors and art aficionados alike. Widespread Acclaim and Future Exhibitions Autoglyphs have received widespread acclaim, having been featured in prestigious institutions such as Centre Pompidou and Sotheby’s. Their inclusion in Centre Pompidou's first-ever NFT exhibition underscores the growing acceptance and appreciation of digital art in mainstream art circles. Furthermore, the donation of notable pieces to the museum cements Autoglyphs' place in the digital art canon. With more than $50 million in secondary sales, Autoglyphs continue to captivate the art world, proving their worth as valuable assets and solidifying their standing in the history of blockchain art. This latest sale not only highlights the collection's monetary value but also its cultural significance, promising a future where digital and traditional art coexist and enrich one another
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