Sacha Jafri?s NFT Artwork Sold For Almost $1 Million In Under A Minute
Sacha Jafri's "On the Wings of an Angel" sets a new record for the fastest selling NFT.
The post Sacha Jafri?s NFT Artwork Sold For Almost $1 Million In Under A Minute appeared first on LUXUO.
Image: Infinity8
Sacha Jafri’s NFT Artwork titled ‘On the Wings of an Angel’ sold for nearly US$1 million in under a minute at amFAR?s annual Cannes Gala on Friday, 16 July. It broke the record to become the fastest-selling NFT.
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Sacha?s painting was transformed into an open edition NFT at the charity. Within 45 seconds, 1,500 open editions of the artwork amounting to US$884,760 were purchased by U.K. tech entrepreneur Scott Fletcher. The entire auction money of the painting is donated to the amFAR?s AIDS research programs.
Sacha?s ‘On the Wings of an Angel’ painting was inspired by his visits to refugee camps around the world. While his physical painting was sold to an anonymous buyer, the digital reproductions of his art piece were done in collaboration with Javed Fiyaz and his charity-focused NFT platform, Infinity8.
Image: Sacha Jafri
READ MORE: NFTs: Has the World of Collectible Art Finally Gone Digital"
Seeing how NFTs can build a bridge between fine art and digital art while ÂÂhighlighting philanthropic causes, Sacha aims to create several more. Expect to see an online auction of further editions of ‘On the Wings of an Angel’ on Infinit...
The post Sacha Jafri?s NFT Artwork Sold For Almost $1 Million In Under A Minute appeared first on LUXUO.
Image: Infinity8
Sacha Jafri’s NFT Artwork titled ‘On the Wings of an Angel’ sold for nearly US$1 million in under a minute at amFAR?s annual Cannes Gala on Friday, 16 July. It broke the record to become the fastest-selling NFT.
READ MORE: Cryptocurrency Couture: A New Frontier for Fashion"
Sacha?s painting was transformed into an open edition NFT at the charity. Within 45 seconds, 1,500 open editions of the artwork amounting to US$884,760 were purchased by U.K. tech entrepreneur Scott Fletcher. The entire auction money of the painting is donated to the amFAR?s AIDS research programs.
Sacha?s ‘On the Wings of an Angel’ painting was inspired by his visits to refugee camps around the world. While his physical painting was sold to an anonymous buyer, the digital reproductions of his art piece were done in collaboration with Javed Fiyaz and his charity-focused NFT platform, Infinity8.
Image: Sacha Jafri
READ MORE: NFTs: Has the World of Collectible Art Finally Gone Digital"
Seeing how NFTs can build a bridge between fine art and digital art while ÂÂhighlighting philanthropic causes, Sacha aims to create several more. Expect to see an online auction of further editions of ‘On the Wings of an Angel’ on Infinit...
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