04/10/2021 Doodles used to create Gary Vaynerchuk NFT collection sell for $1.2 million in Christie’s auction

Christie’s on Friday auctioned five art works that were created by entrepreneur Gary Vaynerchuk for his VeeFriends NFT collection.

The price tag? Just over $1.2 million.

“It feels like an out-of-body-experience,” Vaynerchuk told CNBC. “I view myself as a very creative and artistic person, but this is way bigger than me. ... It represents a paradigm shift and the consumer is intrigued.”

Whereas most NFTs auctioned by Christie’s are NFT minted, or blockchain verified, these particular works are the original characters that were hand-drawn by Vaynerchuk himself.

The VeeFriends collection is comprised of 10,255 character nonfungible tokens available for purchase via the cryptocurrencyethereum. Each token includes a “smart contract” with metadata that Vaynerchuk can use to interact with its buyer. Token holders also will be given exclusive access to an annual business event called VeeCon for three years after the NFT’s purchase. The first VeeCon will take place in Minneapolis in May.

Since launching the series earlier this year, the lowest listed price for one such token remains $50,000.

Vaynerchuk’s NFT doodle called “Empathetic Elephant” fetched the highest price at Friday’s auction, selling for $412,500. The lowest was called “Diamond Hands,” and went for $162,500.

NFTs are a type of digital asset created to track ownership of a virtual item usingblockchain technology. Such unique items could be artwork or sports trading cards — a market that Vaynerchukbecame familiarwith as a teenager, peddling baseball cards for thousands of dollars every week.

“I grew up with collectibles, antiques and sports cards,” Vaynerchuk said. “My mom and dad were into that stuff too, and they would have been intimidated even walking into Christie’s two decades ago and now their son is selling stuff in it. ... It’s the American dream.”

The original VeeFriends artwork was featured along with the full set of Curio Cards and Sets 1-3 of Art Blocks Curated in Christie’s Post-War to Presentlive auctionin New York. The auction furthers Christie’s foray into digital art sales, which have boomed in popularity this year along with a rise in the value of digital currencies like ether andbitcoin. Curio Cards, which is commonly viewed as the first digital art collectible on ethereum blockchain, fetched $1.2 million.

The market is growing rapidly, with some digital collectibles being sold for millions of dollars. In March, Christie’ssold a NFT by the artist Beeple for more than $69.3 million.

Arts

https://www.cnbc.com/2021/10/01/christies-auctioned-gary-vaynerchuks-nft-art-for-1point2-million.html

Interesting NFTs
Magnetic Forces v3
"El imán humilla al hierro. Es una teoría sobre el amor. Magnets humiliate iron. It's a theory about love." --Marco Denevi
Right Place & Right Time (bitcoin hourly price offset)
Each day, a new composition for the Master is generated autonomously using a data feed of Bitcoin's last 24 hours of price action. Each hour's price programmatically controls rotation, scale, and position of a correlating layer. Astute viewers will surmise the day's price volatility simply by examining the artwork. While the daily image generation is the result of autonomous API calls, utilizing an algorithm the artist wrote, the artist has chosen to retain a control token. This token allows him to fine-tune variables associated with his algorithm, in addition to addressing aesthetic concerns within the life-cycle of the artwork. Layer state, alpha, hue, saturation, and brightness are elements the artist has retained control of in order that this artwork remain a living work-in-progress. An earlier iteration of this artwork was featured as a nightly projection mapping video on the face of the Daniels Fisher Clocktower, as part of ETH Denver 2020. Access to this and additional exclusive content awaits the master token owner at the artist's NFT Portal: https://collect.mattkane.com/minted-works/right-place-right-time-bitcoin-hourly-price-offset/
Crypto Bubble
Realize what you really want. It stops you from chasing butterflies and puts you to work digging gold. Digital Artwork by Sandro Ieva
CryptoKitties
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Hawk and Cherry
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