LONDON—A set of 107 non-fungible tokens (NFTs) representing images of cartoon apes sold for $24.4 million in an online sale at Sotheby’s auction house on Thursday, as the market for the niche crypto-asset continues to heat up. The images were part of the “Bored Ape Yacht Club” collection of NFTs—a set of 10,000 computer-generated cartoon apes, made by the U.S.-based company Yuga Labs. Owners of the ape NFTs become members of an online club. An NFT is a digital asset that uses blockchain technology to record who owns a digital object such as an image, video, or in-game item. While anyone can view the asset in question, only the buyer can say they are the “official” owner. Unusually for NFTs, the buyers of Bored Apes also receive the intellectual property rights for the images. They are often used as profile pictures on social media. The lot contained 101 of these …
Set of ‘Bored Ape’ NFTs Sells for $24.4 Million in Sotheby’s Online Auction
September 10, 2021
admin
0 Comment