Yesterday, a groundbreaking sale in the NFT market captured attention: a collection of 10 Autoglyphs garnered an eye-boggling $14.6 million (5,000 ETH).
Elevating the project to unparalleled levels, this transaction marks the most significant NFT deal since 2022, securing Autoglyphs’ position as the fifth-largest NFT acquisition to date.
Fountain.xyz — a leader in digital art brokerage — played a vital role in selling these digital artworks to a “distinguished private collector”, as announced on X.
Autoglyphs’ Attractive Nature
Autoglyphs, launched in 2019 by Larva Labs (creators of CryptoPunks), stand out in the NFT world for being entirely stored on the Ethereum blockchain, avoiding the external storage issues that affected earlier NFTs, including Punks.
With each of the NFT project’s 512 artworks being distinct and exempt from ongoing fees, Autoglyphs is celebrated as being a superior embodiment of algorithm-generated art in the blockchain technology sphere.
The recently acquired collection is one of the seven complete sets and part of a trio of developer compilations by Larva Labs co-founders Matt Hall and John Watkinson. Previously, the ‘Old School Collection’ held this distinguished set before yesterday’s landmark sale.
Despite Autoglyphs already having a history of over $50 million in resales and exhibitions at venues like Centre Pompidou and Sotheby’s, its recent ten-in-one purchase signals a new era for Autoglyphs and highlights the appeal of generative art in the NFT world.
Want more? Connect with NFT Plazas
Subscribe to our Newsletter
Join our Discord
Follow us on Twitter
Like us on Facebook
Follow us on Instagram
*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
Digital art fanatic who brings a unique perspective to NFT news.
The post Autoglyphs’ Art Fetches £14.6M – Biggest NFT Sale Since 2022 appeared first on NFT Plazas.