Sotheby’s Relaunches Glitch Digital Art Sale, Newbie Player Uncovers $49K NFT & More
Digital art auction house Sotheby’s has significantly changed its latest art sale after receiving feedback from the community regarding a lack of diversity, while a newcomer to Illivium: Beyond has made a staggering 140,525% profit by finding the game’s most elusive character yet.
Sotheby’s restarts Glitch Digital Art Sale after addressing diversity concerns
Digital art house Sotheby’s has announced that bidding for its upcoming 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 that was temporarily halted due to criticism over its lack of diversity.
In an April 13 tweet, Sotheby’s announced the art sale, saying it will “highlight the diverse artist communities 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. It noted:
“These communities do not identify simply 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, profession and background.”
Sotheby’s initially halted the sale on March 27 after popular NFT artist Patrick Amadon told his 142,400 followers that he would be pulling his work from Sotheby’s upcoming “Natively Digital: Glitch-ism” art sale to protest a lack of female representation.
Newbie Gets Rich Uncovers $49K NFT in Illivium
In an April 12 statement, Illivium revealed that a newcomer to the online game Illuvium: Beyond has discovered the rarest Illuvitar yet, the coveted Holo Blazing Rhamphyre, and has managed to sell it for an astonishing $49,128.85 USD.
The lucky player found the rarer Illuvitar inside a D1SK, which is a type of digital loot box that contains random Illiviators and accessories available for just $32 USD – which meant he earned roughly 140,525%.
Ukraine’s president signs first NFT in assembly supporting the military
On April 9, Ukrainian President Volodymyr Zelenskyy signed the first NFT in Ukraine, in a gathering called UACatsDivision, featuring cats from the Armed Forces of Ukraine, with all funds donated to Ukraine’s military service.
At the time of writing, 3,026 NFT cats had already been purchased out of the total of 10,000 available.
Other good news
In recent news, Bitcoin (BTC) miners have pocketed over $5 million from creating NFT inscriptions using the Ordinals protocol.
Dune Analytics data revealed that transaction fees for Ordinals transactions exploded 240% from $1.5 million on March 10 to $5.2 million by April 12.
It was revealed that nearly 1.1 million Ordinals have been entered on the Bitcoin network, mostly consisting of JPEG images and text, but also consisting of PDFs, 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 around $192,000 at the time of writing, for an NFT from the Gemesis NFT collection – which was supposed to be free to celebrate the launch of OpenSea Pro.
While some community members believe that the transaction was a wash trade, others claimed 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.
Blade: Crypto winters can take a toll on hodlers’ mental health
