The Nifty Gateway into the non-exchangeable tokens market held an auction where one NFT artwork was sold for $ 777 777 after another bid doubled the price.

On December 14th, Nifty tweeted that a “wild” bid of $ 777 777 had been brought up just a second before the auction. The artwork was the last sold work from The Complete MF Collection, which was auctioned off that day, with an icon showing each of 20 separate digital artworks in one NFT.

The artwork is inspired by technology, nature, and Star Wars and was created by the artist under the pseudonym Beeple.

NFT investors Tim Kang and Metakovan entered into a fierce bidding war on the item, raising the price from $ 200,000 to $ 380,000 before Kang sent out his bid at the last second.

A total of 20 artworks were auctioned for over $ 3.5 million, prompting the artist to tweet a video of his friends pouring champagne on him during the celebration.

The contest winner praised Beeple for the collection, highlighting the artist’s “meticulous attention to detail in the physical and digital spectrum”:

“His consistent work ethic, creative understanding and divine timing made the history of art and cryptocurrency, and I am only happy to participate. My winning bid was not only mine [-] I hope we will be able to take over a position [] for the future of creativity, open collaboration and trust through digital signature.”
Auction broke the previous record for most important artwork on display in Nifty Gateway by 1,300%: In August, Trevor Jones’ NFT Picasso Bull was sold to Pablo Rodriguez-Fraile from the Crypto Art Museum for $ 55,555.55.

NFTs are also starting to transition from digital to mainstream, and NFT Interactive, created by former baseball player Mika Johnson, will appear on an electronic billboard in Los Angeles this month.

Source: CoinTelegraph