Christie’s New York auction house is planning to sell its first non-fungible token through an auction. We are focusing our attention on Bitcoin-themed artwork Block 21, from the series Portraits of a Mind, which is being auctioned at Christie’s New York. The sale has been dubbed as its first-ever non-fungible token in an upcoming auction of what has been characterized as “the largest artwork” in the history of Bitcoin (BTC). A non-fungible token (NFT) also known as a nifty, is a special type of cryptographic symbol which represents something unique; NFT is not mutually interchangeable by their individual specification. The artist behind this painstaking process, Ben Gentilli of the Robert Alice project combines 40 paintings stretching more than 50 meters long. The new artwork is completely different from what one is used to coming from Christie’s; the likes of Monet, Picasso, Warhol, Pollock are now in the company of a large, alluring disc that is inscribed with 322,048 digits of hexadecimal code. The artwork has ‘Block 21’ written on the inner rim and is bound to 39 others around the world.
RA 059 pic.twitter.com/sQg62KlYMI
— ROBERT ALICE (@robertalice_21) September 22, 2020
About the artwork, the pieces are 50.59-inch-wide canvas discs covered in aluminum paint, splashed with gold digits in an arrangement that’s a constellation-like pattern of decentralization. Like all great things that demand time, patience, perseverance, this artwork too took three years of dedication and patience to complete. Christie’s said that “Block 21” will be up for sale and would cost between $12,000 and $18,000.
[Via: Decrypt]
