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Seeking Alpha 2021-06-10 17:19:31

Covid Alien NFT sells for winning bid of $10M at Sotheby's auction

zimmytws/iStock via Getty Images It's no Beeple, but an NFT known as Covid Alien sold for a hammer price of $10M at a Sotheby's auction, MarketWatch reports. CryptoPunk #7523, which gets its more familiar name from the medical mask it wears and the blue tone of its skin, was sold by a collector and digital art advocate known as SillyTuna. Bidding opened at $1.5B and lasted about four minutes; the final sale price, which includes fees, was $11.75M. The nonfungible token (NFT) is one of nine alien punks and one of 175 with a mask, Sotheby's said. There are a total of 10K unique CryptoPunks, pixelated images that were randomly generated using algorithms developed in June 2017 by software developers John Watkinson and Matt Hall. They were created using ethereum blockchain. On May 11, auction house Christie's sold a set of nine CryptoPunks, which were owned by Hall and Watkinson,

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