NFTs
Van Gogh NFTs sell for millions as tokens return to the moon
Two symbolic versions of paintings by Dutch artist Vincent van Gogh have sold for more than $2.5 million combined.
On-chain aggregator data CryptoSlam.io shows that a non-fungible token (NFT) version of a Van Gogh painting changed hands for $1.3 million. The transaction comes just one day after another Van Gogh-inspired NFT sold for $1.27 million.
Auction records reveal that the digitized painting, number 132, was sold for a sum of 35.9999 BTC or US$1,313,635. Number 283 sold for 34.9999 BTC, translating to $1,275,612 in Bitcoin (Bitcoin) network.
The pieces are some of the many Van Gogh-inspired NFTs on the non-fungibles market. In October, the renowned Musée d’Orsay in Paris announced the creation of exclusive NFTs inspired by Van Gogh’s last days.
The NFTs minted on Tezos came in two distinct categories, with 2,300 pieces each.
One category offered an immersive augmented reality experience of Van Gogh’s definitive palette, while the other featured an exclusive digital art piece by French artist KERU, echoing Van Gogh’s style.
The Musée d’Orsay also announced plans to welcome digital artists who employ blockchain in their work to curate collections influenced by the museum’s permanent exhibitions from 2024 onwards.
Some observers saw the sale of the two NFT pieces as a sign of a revival of the NFT market, which has seen a significant decline in recent months.
The sentiment is corroborated by data from CryptoSlam.io indicating a significant increase in global NFT sales in the second week of November, reaching a cumulative value of US$238 million. It marks a 40% increase since the beginning of the month, reflecting the strong performance seen at the beginning of the year.
Interestingly, according to the data, NFT collections on the Bitcoin network surpassed those on the Ethereum network this week, suggesting a change in market dynamics.
Sales volumes of Bitcoin NFTs totaled $100 million, while Ethereum-based NFTs reached $93 million. Other blockchain networks like Solana and Polygon are close behind, with sales volumes of $17 million and $6.4 million, respectively.