21/02/2024 A trader just made $13m selling an early Ethereum NFT collection

A trader just made $13m selling an early Ethereum NFT collection
  • An NFT trader just made $13 million trading Autoglyphs NFTs.
  • The pseudonymous trader, who goes by the name OldSchoolCollection, sold 10 Autoglyphs purchased in February 2021 to a private collector for $14.5 million.

A high-value NFT trader has just realised a $13 million profit after selling 10 early Ethereum NFTs they bought three years prior.

The pseudonymous trader, who goes by the nameOldSchoolCollectionon NFT marketplace OpenSea, bought 10 NFTs from the Autoglyphs collection for a combined $1.4 million in February 2021.

DMarket opens week as top NFT in daily sales
Casio Joins NFT Bandwagon Via Astar zkEVM Partnership
Renditions of Vishnu, Kali most expensive artworks sold on WazirX NFT

Today, OldSchoolCollection sold the same 10 Autoglyphs for 5,000 Ether — worth around $14.5 million — to a private collector via NFT brokerage platform Fountain.

Moments ago, a full setof ten Autoglyphs, minted originally by Larva Labs themselves, was sold to a Distinguished Private Collector for 5,000 ETH,making it one of the top NFT sales ever recorded onchain...
Congratulations to the buyer and the seller!

The team at Fountain is…pic.twitter.com/nZjHndQVFU

— Fountain (@Fountainxyz)February 19, 2024

According to Fountain, the sale marks one of the biggest NFT trades recorded onchain.

What are Autoglyphs?

Autoglyphs are among the first generative art NFTs created on the Ethereum network.

Generative art refers to art created using an autonomous system, often through code deployed on a blockchain.

The collection of 512 Autoglyphs waslaunched in 2019by Larva Labs of CryptoPunks fame. Anyone who was willing to donate the creation fee of 0.2 Ether — around $35 at the time — could obtain one.

The Autoglyphs art is entirely onchain, meaning that all the data needed to display the NFTs is stored directly on the Ethereum blockchain.

Other popular generative art collections on Ethereum includeFidenzaby Tyler Hobbs andChromie Squiggleby Snowfro.

Certain NFTs make a comeback

NFTs have historically been some of the riskiest bets in the crypto market.

A roaring NFT bull run from 2021 to early 2022 saw the NFT market hit$11.8 billion in value, according to data and business intelligence platform Statista.

But many of the previously top traded collections plummeted in value throughout 2023. Bored Ape Yacht Club NFTs, which found popularity among celebrities such as Jimmy Fallon, Paris Hilton and Snoop Dogg, havedropped more than 80%from their 2022 peak in Ether terms.

But despite many prominent NFTsfailing to bounce back, there are pockets of activity.

Pudgy Penguins, a collection popular with Ethereum developers, have rallied 233% since the start of 2023. Feeding into their popularity was the decision by Dymension, a network for easy deployment of application-specific blockchains, to include Pudgy Penguin owners in its recent token airdrop.

Today’s high-profile Autoglyphs sale could also help rekindle interest in other generative art NFTs.

Arts

https://www.dlnews.com/articles/web3/ethereum-nft-trader-makes-13-million-on-autoglyphs/

Interesting NFTs
The Harvest
An anthropomorphic figure stands, wide eyed, staring at the viewer; its body masculine, muscular, and humanoid. Its “mind” dissociates into a conglomerate of structures resembling feathers, grain, teeth–as well as a radial flower “node”, casting linear rays throughout the composition. To his left, a vat of bodies gesture and writhe in a kind of amniotic soup, attended by a video game robot. The bot's red display reads “uWu”. Behind the robot and filling the left side of the composition is an archaic figure composed of a variety of vintage objects and symbols. Among them are a hardbound book with ancient cuneiform scripts, indicating barley, beer, bread, ox, house, and sky, behind which is a grimacing, salivating jagged toothed maw; and an old Commodore floppy drive. The figure’s head tilts toward an illuminated crescent moon, suggesting the Egyptian Sacred Bull. The archaic figure is composed of a variety of mutating cells, which shift in color, and pattern; eventually breaking free into an ephemeral broadcast of bubbles which move across the background. The work came into being against a psychological introspection, which included associations to pop culture such as alien abduction and pod people, as well as quite a bit of reflection on grains as a symbol of civilization, agriculture, sustenance, life, and imbibing (mainly whiskies).
Verifactory
The factory process behind the making of a verification badge. 10-second loop, 30 fps. Created using Cinema4D, X-Particles, TurbulenceFD, Redshift, and After Effects.
#53324
By OthersideDeployer
David vs the Virus
"An ode to the year everything changed" - Frank Wilder The story of the underdog is a reoccurring theme throughout history, and perhaps the most famous example is that of David vs Goliath. A tale about perseverance, in which David takes on and defeats the giant warrior using only his smarts and a stone. Famously depicted by Michelangelo's David statue. Fast forward to the present day in 2020 and we as humanity are faced with our own Goliath. An uncontrollable pandemic spread around the globe. Now with the entire planet being affected by this we understand the gravity of the situation at hand, whether it be a virus we’re fighting or other forces at play, there is indeed an energy out to shift the balance of the Universe… Regardless of our differences, in this moment must unite as one. With diligence, trust and belief we as a whole can come together to triumph against "the enemy". Stay vigilant my friends. Original score created by the one and only Phoenix Wilder.
Made In Oregon
The Oregon Coast is a wonderland of public beaches and a sanctuary for all to enjoy. Standing above it all is Haystack Rock, located on Cannon Beach on the Northern Oregon Coast. This dynamic image was captured from the air and created using three images stitched vertically to showcase the entire scene from ocean sea to sky.