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Sotheby’s relaunch Glitch digital art sale, newbie gamer uncovers $49K NFT and more

April 16, 2023No Comments


Auction house Sotheby's significantly changed its latest art sale after receiving feedback from the community about a lack of diversity. Meanwhile, a new player in Illivium: Beyond made a staggering 140.525% win by finding the most elusive character in the game yet.

Sotheby's Restarts Glitch Digital Art Sale After Addressing Diversity Concerns

Sotheby's has announced that bidding for its next 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 halted due to criticism of its lack of diversity.

In an April 13 tweet, Sotheby's announced the art sale, stating that it would "highlight the diverse communities of artists that make up Glitch Art."

in a statement Released the same day, Sotheby's emphasized that the sale would represent people from all walks of life:

“These communities not only identify as male or female, but are made up of people of all gender identities and expressions, sexual orientation, race, ethnicity, language, neurotype, size, ability, class, religion, culture, subculture, political opinion, age, skill level, occupation, and background.”

Sotheby's initially halted the sale on March 27. after popular NFT artist Patrick Amadon told her 142,400 followers that she would withdraw their work from Sotheyby's upcoming "Natively Digital: Glitch-ism" art sale to protest the lack of female representation.

Illuvium Rookie Discovers $49,000 NFT

In an April 12 statement, Illivium revealed that a newcomer to its online game Illuvium: Beyond had discovered the rarest Illuvitar yet, the coveted "Holo Blazing Rhamphyre," and managed to sell it for a staggering $49,128.85. .

The lucky player found the rare Illuvitar inside a "D1SK", which is a type of digital loot box that contains random illiviators and accessories available for just $32, giving the player a net profit of approximately 140.525%.

Ukraine's president signs first NFT in collection supporting army

On April 9, Ukraine's President Volodymyr Zelenskyy signed the country's first non-fungible token (NFT) into a collection called "UACatsDivision," which features cats from the Ukrainian Armed Forces, with all funds donated to services. Ukrainian military.

At the time of writing this article, 3,026 NFT cats out of the 10,000 available had already been purchased.

Other witty news

In recent news, Bitcoin (BTC) miners have pocketed over $5 million by creating NFT signups using the Ordinals protocol.

Data from Dune Analytics revealed that transaction fees for Ordinals transactions increased 240%, from $1.5 million on March 10 to $5.2 million on April 12.

It was revealed that almost 1.1 million ordinals it had signed up to the Bitcoin network, which consists mainly of images and jpeg text, but also PDF, video, and audio formats.

Related: NFT.NYC: Play-to-Earn Isn't Dead, But Game Publishers Are Looking For Alternatives

In other news, an NFT collector made a costly mistake on April 5, bidding 100 Ether (ETH), worth approximately $192,000 at the time of writing, for an NFT from the Gemesis NFT collection, which was meant to be free to celebrate the launch of OpenSea Pro.

While some community members believe the transaction was a facelift, others argued that the trader simply made a mistake by bidding 100 ETH instead of $100.

Another community member argued against theories that it was a wash trade, as it was too risky.

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