First NFT-linked art auctioned by Christie's sells for $131,250

International auction house Christie's has auctioned off its first NFT-linked artwork, called “Block 21”. The piece, which is an abstract portrait of Satoshi Nakamoto, was sold for $131,250. The artwork is comprised of both a physical object, as well as a NFT. In addition to being the first NFT related artwork sold by Christie's, it was the first time that any NFT was sold by a major auction house. The work was created by Ben Gentilli as a part of the Robert Alice project, which is a collection of 40 objects that are collectively titled “Portraits of a Mind.”

Non Fungible Tokens (NFTs) represent a new form of art. The protocol is also a broad new asset class that has applications in collectibles and gaming. There is no doubt after this auction that NFTs will be seen in a different light, and may become a form of art in their own right. NFTs have also been developed for gaming platforms, as they can be used as in-game items. Although the industry is still young, NFTs may lead to gaming platforms that are able to use items interchangeably, and create a much wider gaming space that is much easier to integrate with the financial system.

Check our guide of the most promising crypto

Read more

93rd Reason For National Bitcoin Reserve: Round-the-Clock Liquidity Rescues Crisis Management Efforts

93rd Reason For National Bitcoin Reserve: Round-the-Clock Liquidity Rescues Crisis Management Efforts

Bitcoin's 24/7 operational capability provides governments with continuous access to liquid capital during emergencies, a feature traditional banking systems cannot match. While conventional financial markets shut down nights, weekends, and holidays, Bitcoin transactions continue uninterrupted across time zones and borders. This perpetual availability allows national treasuries to

By Albert Morgan