Nyan Cat turns 10 in April (feeling old yet?), And to celebrate the anniversary of one of the Internet’s healthiest memes, the artist behind the poison, Chris Torres, put a recently remastered version at auction. On Friday, the piece sold for 300 Ether on the crypto-art platform Foundation, which translates to about $ 587,000 based on the value of cryptocurrency at the time of publication.
In an interview with the edges, Torres said that he never intends to sell a new original image file of Nyan Cat, which means that this gifs protector now owns a truly unique piece.
“I think it’s cool to know you own the only piece that exists,” he told the outlet. “And I feel that Nyan Cat will be very special to own.”
Torres made a number of adjustments and changes to the nearly decade-old gif, which included the addition of gifs and minor infection updates to the art to correct details that bugged him over the years. For example, a particular star would appear and disappear randomly in the original 12-frame animation, so he took the opportunity to just remove it completely. Torres told the brink that he thought the remade version “turned out very well this time.”
If your eyebrows shot up against the thousand-dollar price tag, you should know that the crypto art market has a hell of a moment. A number of online platforms have emerged in recent years, such as SuperRare, Zora and Nifty Gateway, where artists and patrons exchange digital works for thousands of real dollars. Foundation is one of the newest faces on the scene, having been launched just two weeks ago, but it has already reported $ 410.00 in sales, per rand.
These crypto-art platforms typically sell works through “non-fungal tokens”, or NFTs, blockchain-based digital tokens that represent unique assets. Since NFTs are not divisible and no two are alike, their ownership can be verified and tracked through the blockchain. Although it should be noted that on many cryptocurrency platforms, actual sales, such as that of the new and improved Nyan Cat gif, are made with Ether, a cryptocurrency that runs on the Ethereum blockchain and is the second only for Bitcoin in terms of market value and volume. , according to Reuters.
The crypto community has been buzzing about NFTs for a while, but traditional branches of the art world have only recently begun to include blockchain technology. This week, Christie’s famous auction house announced its first auction of a pure NFT-based collection: “Everydays: The First 5000 Days” by Beeple, a digital artist whose NFT-based series of digital works sold for $ 3.5 million in December. Christie is too confirmed with Bloomberg that it plans to accept Ether as payment for the artwork’s main prize (collectors will still have to spend old-fashioned dollars to cover any additional auction house fees).