Pepe’s rarest piece, Homer Pepe, was sold for 205 ETH ($ 320,000), according to owner Peter Kell.

The unique map shows the transformation between Homer’s character from The Simpsons and the infamous Pepe the Frog.

Pepe is a cartoon frog created by artist Matt Fury and has inspired many memes on the Internet, including Rare Pepes, one of the first blockchain art experiments.

Homer Pepe is a user-created map on the Rare Pepe collectibles platform designed by Joe Looney in 2016 and presented at the 2018 Rare Art Labs digital art festival. The card was acquired by Kell in its first blockchain art auction for $ 38,500 – reportedly the highest price for a non-instinctive symbol or NFT to date. The work was also recently featured in the award-winning documentary Fels Good Man at the Sundance Film Festival. The documentary’s official Twitter account revealed that the card sold for more than the cost of making the entire movie.

The new owner, TokenAngels, appears to be amassing hundreds of other NFTs in the series and quickly took away the most valuable ones after the news broke.

“I had to urgently sell the bad guys,” explained TokenAngels, pointing to the assets of CryptoPunks. “It was much less than it was worth, but it was extremely important to raise funds to complete the deal on time!” The chromatic atmosphere hindered sales.

Renowned artist Matt Kane, who was named in the Cointelegraph Top 100 this year, previously created a work in honor of Homer Pepe, and a tweet about it made it clear that Kell wanted to sell the original.

“I consider HOMERPEPE to be the most important NFT in art history because headline sales in 2018 led many original cryptographers to believe that we can put our art into practice to build a marketplace and believe in new technologies,” Kane said.

Overall, NFT has seen explosive growth this year, with sales of over $ 300 million in the first two months. Alex Atallah, co-founder and CTO of OpenSea, said earlier this week that the market is up more than 7,000% from last year:

On March 1, he said, “After yesterday’s @ 3LAU drop, the Ethereum NFT market surpassed $ 300 million in February. This represents an increase of 7450% over last year. ”

Popular music artist 3LAU made history by partnering with Origin Protocol to release his new album at NFT auction to the 33 highest bidders. More than $ 11.6 million raised, with the highest bidder offering $ 3,666,666. 3LAU has also promised to work with six applicants to create their own song or remix for each song.

Biple made the news last week about the $ 6.6 million Crossroads NFT High School resale. He also broke into the mainstream art sector with NFT’s EVERYDAYS: THE FIRST 5000 DAYS, which is currently on sale at Christie’s. Currently, the auction for this work is $ 3.25 million.

Artist Trevor Jones demonstrated the power of the NFT market with his Bitcoin Angel board, which grossed over $ 3.2 million by selling 4,157 issues in seven minutes.

Source: CoinTelegraph