Recent developments have indicated that the NFT space might be close to dead, but an occurrence this week has proved otherwise. A computer-generated NFT created by Vera Molnar, a 99-year-old Hungarian artist, was sold for around $1.2 million on Wednesday.
Also, another African country, Namibia, has moved a step further in crypto regulation this week. Reports show that the nation’s government is set to designate a regulatory authority to oversee the virtual asset industry after moving its virtual assets bill into law.
On Wednesday, computer-generated NFTs created by Hungarian artist Vera Molnár in collaboration with Martin Grasser were sold out in less than one hour for 631 ETH($1.2 million) during Sotheby’s Dutch auction.Vera Molnar was born in Budapest in 1924, and she was one of the first pioneers of computer-generated imagery, having started the practice in 1959. Vera Molnár made an entry into the world of NFTs in 2022.
The ‘Themes and Variations’ collection, created by Vera Molnar, features 500 collectibles generated via an algorithmic combination of 170 colour palettes and recursive grids. It has 928 ETH in volume traded on OpenSea.
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