CryptoPunks NFTs are selling for enormous amounts. And now, Miami residents will be able to know what the fuss is all about.
Non-fungible tokens (NFTs) could be sold for outrageous sums. But it will soon be able to see them in all their glory plastered around Miami, Florida.
As of next week, CryptoPunks, one of the most popular NFTs, will be billboarded all over the Magic City in a month-long exhibition, Pixelated.
Teaming up with SaveArtSpace, a nonprofit that launches art exhibitions in the place of advertisements, 96 of the ETH-based digital characters will be available on the show.
NFTs are unique digital tokens, mostly on the Ethereum network, that could represent just about anything online, like artwork, audio or video content. A boom in interest in them has led the big spenders to splash tens of millions of dollars on the digital goods.
The visual art side of NFTs is probably the most lucrative. Proof of how seemingly out-of-control the craze is? One digital artist, Mike Winkelmann (better known as Beeple), last month sold an image file for $69 million.
CryptoPunks are also going for a lot. One of the first NFTs that was created back in 2018, the 10,000 unique collectible characters have a proof of ownership stored on the Ethereum blockchain. One computer-generated avatar of a pipe-smoking alien has been sold before for $7.5 million. In total, CryptoPunks generated $96 million in sales last month.
Gmoney, one of the organizers of Pixelated stated:
The idea was thanks to artist and SaveArtSpace co-founder Justin Aversano who wanted to introduce the public to the world of Ethereum-based digital art. He communicated with Gmoney to curate it.
The two art and crypto lovers have raised the cash for the exhibition through donations from CryptoPunk buyers. Around $96,000 has been raised to allow for the show to go ahead.
The art will be displayed on billboards and bus shelters around Miami from April 12 for at least a month.
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