Bitcoin

Christie’s is selling its first NFT token as part of a work of art based on the history of Bitcoin

Christie’s will auction its first non-fungible token (NFT). of what has been called “the greatest work of art” in the history of Bitcoin (BTC).

The art historian who became a blockchain artist Robert Alice, I think “Portrait of a Ghost”, a monumental series of 40 paintings over 50 meters long.

Building on the history of 20th century conceptualism as well as the founding myth of the creation of Bitcoin The work is a complete hand-painted copy of the 12.3 million digits of the code that started the cryptocurrency.

Christie’s is selling its first NFT token as part of a work of art based on the history of Bitcoin
Christie’s is selling its first NFT token as part of a work of art based on the history of Bitcoin

By distributing the code base over 40 globally distributed blocks, the project “Build a global network of 40 collectors where no one will have all of the code”Said Alice. He explained:

“In every job, an algorithm finds a series of hexadecimal digits that are highlighted together in gold. These give a series of coordinates that are unique to each painting. 40 locations in 40 paintings – each location is of particular importance to history of Bitcoin. “

Alice spoke to Cointelegraph and said she was still curious to know Why much of the Bitcoin Memorial Service emphasizes the publication of the whitepaper on the code base itselfwhat for him is “the true historical document”.

Christie sells one painting from the series“Block 21 (42.36433 ° N, -71.26189 ° E)” as part of it “Post-war and contemporary auction” on October 7th, at the end of a week-long exhibition of auctioned works in New York.

The piece contains a single fungible mark as an integral part of the work and It is offered at an estimated price of $ 12,000 to $ 18,000.

The first collectors of paintings “Portrait of a Ghost” belong to the founder of Binance, Changpeng Zhaoand the president of Bloq, Matthew Rozsak. Alice said that when an NFT was exhibited and sold at Christie’s I was hoping to encourage other contemporary artists to check out the NFT room.

In addition to the creative inspiration that artists can draw from the complex, culturally, technically and politically dynamic history of cryptocurrencies, NFTs can also give artists “more control and participation in their long-term practice”.said.

Last week, Cointelegraph reported on the auctioning of a digital work of art due to the fluctuating price development of Bitcointhat sold for more than $ 100,000. To like “Portrait of a Ghost”The artwork integrated an NFT to grant its collector the tokenized property rights.

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