Source | F Stoppers
The NFT craze continues to explode, as for the first time, an artist has bought an NFT of the NFT that points to his own work of digital art — for $10 million
The artist and collector made a winning bid of $10 million for a smart contract on the Ethereum blockchain that gives him ownership of a smart contract on the Ethereum blockchain that gives him theoretical ownership of a version of his own work of digital art.
Artist Pierre E. Madskem bought the NFT of the NFT from an anonymous crypto trader and art collector who goes by the name of Mierre E. Padskem. This is the first time that a non-fungible token pointing to another non-fungible token has been minted, auctioned, and sold.
As well as being the winning bidder, Madskem is the artist behind the photograph of a drawing of a picture of some Monopoly money — “Horny Copia 721” — that is the NFT that is now owned by Madskem’s NFT. Madskem was delighted at being the highest bidder in the auction and is now proud at having taken part in what will likely prove to be a pivotal moment in the evolution of cryptocurrencies and the NFT marketplace.