“The Eye of the Beholder”, the first and one-of-its-kind digital art auction that uses Ethereum as bid payment, is now auctioned at Cryptograph.
An attempt of actor turned venture capitalist Ashton Kutcher; this bidding is now reaching 13.26 ETH equivalent to $5,400 as the highest bid noted so far.
The piece of Kutcher, with a digitized low-resolution camera photo, features bare-bones doodle of cartoon eyes and a one-stroke star. The video on the blockchain-based art market is now showing a fresh idea where the physical original is thwarted to assure the digital copy of another new existence as Cryptograph.
Apart from him, the ‘Two and a Half Men’ star and seasonal Shark Tank guest, there were other creators joined the auction, these are Paris Hilton, Skeet Ulrich, and David Arquette.
What’s exciting two charities, Global Wildlife Conservation and Oxygen Seven, will get a portion of the proceeds from the activity.
Cryptography, meanwhile commented on Kutcher’s artwork, saying, “His idea here is to show that his physical creation is fully transcending into the digital realm, where its authenticity and immortality is absolute. This action is deeply symbolic and provokes one to think more about how the physical and digital realms can be combined in new and interesting ways.”
They also added he has a minimalist take on eyes looking at a star, which is viewed in the context of the title and is probably put to acquire the subjective nature of art.
Now, in its second year, Cryptograph is a blockchain technology that converts drawings into unique digital artworks that cannot be copied, stolen, or destroyed. A portion of all sales is donated to charities of the artists’ choice.
Kutcher’s investment firms, A-Grade Investments and Sound Ventures, have put money into multiple crypto firms. It remains to be seen whether his piece matches Paris Hilton’s cat doodle, which was recently fetched at $17,000. Still, his participation in the latest instance of Hollywood royalty flexing their crypto art goals.
Early last month, the record shows growing sales of non-fungible token (NFT) artwork on marketplaces like Opensea, Nifty Gateway, and Marketplace. Nifty Gateway recently broke records, selling a digital piece by the artist Trevor Jones for $55,555.