News and Analytics

Van Gogh-Inspired NFTs Fetch Millions in Resurging Token Market
0

Van Gogh-Inspired NFTs Fetch Millions in Resurging Token Market

Nov 21, 2023

Two digital interpretations of Vincent van Gogh's artwork, tokenized as NFTs, have collectively garnered over $2.5 million in sales. According to CryptoSlam.io, a leading on-chain data platform, one of these NFTs, based on a Van Gogh painting, was sold for $1.3 million. This followed closely on the heels of another Van Gogh-themed NFT, which fetched $1.27 million. Auction data indicates that these digital art pieces, labeled as numbers 132 and 283, were purchased for 35.9999 BTC ($1,313,635) and 34.9999 BTC ($1,275,612) respectively, via the Bitcoin network.

These sales are part of a growing trend of Van Gogh-inspired NFTs. The Musée d’Orsay in Paris has notably contributed to this trend by launching its own series of unique NFTs, reflecting the final days of Van Gogh. These NFTs, created on the Tezos blockchain, are categorized into two distinct sets, each comprising 2,300 units. One set offers an augmented reality journey through Van Gogh’s color palette, while the other features a unique digital artwork by French artist KERU, inspired by Van Gogh’s artistic approach.

In related developments, Disney and Dapper Labs are preparing to introduce an NFT mobile application. Moreover, the Musée d’Orsay plans to embrace blockchain technology by inviting digital artists to create collections inspired by its permanent exhibits, starting in 2024.

The successful sale of these two NFTs is seen as a positive indicator for the NFT market, which had experienced a downturn. CryptoSlam.io's data supports this optimism, showing a 40% increase in global NFT sales to $238 million in the second week of November, a significant rebound from earlier in the month.

Interestingly, the data also reveals a shift in the NFT market, with Bitcoin-based NFTs surpassing Ethereum-based ones in sales. Bitcoin NFTs achieved $100 million in sales, while Ethereum NFTs recorded $93 million. Other blockchain platforms like Solana and Polygon also reported notable sales figures, with $17 million and $6.4 million, respectively.

Comments

Latest analytics

Bead Pay: Cryptocurrency...

Bead Pay: Cryptocurrency Solutions for Global Payments

Bobby Zagotta and...

Bobby Zagotta and His Impact on the Crypto Industry

Show more

Latest Dapp Articles

Show more

You may also like