Sotheby’s relaunches Glitch digital art sale, newbie strikes it rich uncovering $49K NFT and more
Digital art auction house Sotheby’s has altered its latest art sale significantly after receiving community feedback regarding a lack of diversity, meanwhile a novice player in Illivium: Beyond has made a staggering profit of 140,525% by finding the most elusive character in the game yet.
Sotheby’s reboot Glitch Digital Art Sale after addressing diversity concerns
Digital art house Sotheby’s have announced that bidding for its upcoming digital art sale “Glitch: Beyond Binary” will open on April 19.
“Glitch: Beyond Binary” is a reboot of last month’s “Natively Digital: Glitch-ism” auction which was temporarily paused due to critism over its lack of diversity.
In an April 13 tweet, Sotheby’s announced the art sale, stating that it will “highlight the diverse artist communities that make up Glitch Art.”
— Sotheby’s Metaverse (@Sothebysverse) April 12, 2023
In a statement released on the same day, Sotheby’s emphasized that the sale would represent people from all walks of life. It noted:
“These communities do not just identify as male or female but consist of people from every gender identity and expression, sexual orientation, race, ethnicity, language, neuro-type, size, ability, class, religion, culture, subculture, political opinion, age, skill level, occupation and background.”
Sotheby’s initally paused the sale on March 27 after popular NFT artist Patrick Amadon told his 142,400 followers that he would withdraw his work from Sotheyby’s upcoming “Natively Digital: Glitch-ism” art sale to protest a lack of female representation.
Newbie strikes it rich uncovering $49K NFT in Illivium
In an April 12 statement, Illivium revealed that a newcomer to the online game Illuvium: Beyond has discovered the rarest Illuvitar yet, the coveted Holo Blazing Rhamphyre, and has managed to sell it for an astonishing $49,128.85 USD.
The lucky player found the rarer Illuvitar inside a D1SK, which is a type of digital loot box containing random Illiviators and Accessories available for only $32 USD – which meant he made a profit of approximately 140,525%.
Have you been watching the #illuvidex ?
Largest single Illuvitar Sale to date!
• T5 Rhamphyre ✅
• Holo ✅
• T3 Background – Yellow Drones ✅
• Rare Expression – Blazing✅
• Power – 3620 ✅Sold for 25.9875 ETH! (~$49,128.85)
Have you got your D1SKs yet anon? pic.twitter.com/hlR3ahtGMv
— Illuvium (@illuviumio) April 10, 2023
Ukraine president signs first NFT in collection supporting military
On April 9, Ukraine’s president Volodymyr Zelenskyy signed the first NFT in Ukraine, in a collection called UACatsDivision, featuring cats of the Armed Forces of Ukraine, with all funds donated to the Ukraine Military services.
At the time of writing 3,026 NFT cats had already been purchased out of the total 10,000 available.
— UACatsDivision (@uacatsdivision) April 8, 2023
Other Nifty News
In recent news Bitcoin (BTC) miners have pocketed over $5 million from creating NFTs inscriptions using the Ordinals protocol.
Dune Analytics data revealed that transaction fees for Ordinals transactions exploded 240% from $1.5 million on March 10 to 5.2 million by April 12.
It was revealed that nearly 1.1 million Ordinals have been inscribed on the Bitcoin network, mostly consisting of JPEG images and text but consisting of PDFs, video and audio formats.
Related: NFT.NYC: Play-to-Earn is not dead, but game publishers are looking for alternatives
An NFT collector made a costly mistake, bidding 100 Ether (ETH), worth around $192,000 at the time of writing, for an NFT from the Gemesis NFT collection – which were intended to be free to celebrate the launch of OpenSea Pro.
While some community members believe the transaction was a wash trade, others argued the trader simply made a mistake bidding 100 ETH instead of $100.
Another community member argued against theories that it was a wash trade since it was too risky.
Magazine: Crypto winter can take a toll on hodlers’ mental health
