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Published 3rd June 2021
Credit: From Sotheby s
Written by Rachel Trent
A rare NFT is going up for auction and advanced bidding suggests that, like many NFTs, it won t be cheap.
Sotheby s is auctioning CryptoPunk 7523, also known as Covid Alien, as part of its series called Natively Digital: A Curated NFT Sale.
The series, which features 27 digital artists, marks the first time a major auction house will bring a collection of the leading NFT artists to auction, according to a news release. The term NFT stands for non-fungible token, and in the simplest terms, NFTs transform art and other collectibles into one-of-a-kind verifiable assets that are easy to trade