So is! New York auction house Christie’s is set to sell its first non-fungible token (NFT) in an upcoming auction for “the greatest work of art” in the history of Bitcoin (BTC).
Christie’s ready to auction its first NFT
For those who don’t know, a non-fungible token (NFT) consists of a special type of crypto token that represents something unique. Among its various uses, the art market is using it as a sign of authenticity and ownership of digital art.
And, fun fact, the walls of Christie’s auction house have been adorned with incredible works by artists like Monet, Picasso, Pollock, and many others.
Bitcoin on Christie’s walls
But, as times change, from October 1 to October 7, its visitors will be able to see a work of art in the shape of a gigantic disk. In it, hundreds of thousands of digits of hexadecimal code are inscribed, some of which are highlighted in gold.
This mysterious album is linked to 39 others that are scattered around the world. So, together, the 40 discs have 12.3 million digits recorded, but what do they represent?
Well, they are an accurate and handwritten transcription of the original digits of the historical code v0.1.0 that Bitcoin launched.
The artist behind this ingenious work is called Ben Gentilli from the Robert Alice project and has called it ‘Portraits of a Mind’.
According to his explanation to CoinTelegraph, the goal of spreading the base code in 40 art fragments distributed around the world is that no one individual has all the code.
“In each job, an algorithm has found a set of hexadecimal digits that together are highlighted in gold. These read a set of coordinates that are unique to each painting. 40 locations in 40 paintings – each location is of particular importance to the history of Bitcoin »Gentilli explained.
On October 7, the artwork ‘Block 21’ will be auctioned. According to CoinDesk, the first half of the collection (Block 0 to 20) were offered privately to collectors and, by now, they are in the hands of crypto characters such as Changpeng Zhao, Binance CEO, Paul Gordon, Matthew Roszak and others.
In this way, the sale price of ‘Block 21’ will range between $ 12,000 and $ 18,000. This work is associated with an Ethereum-based NFT that will serve as a guarantee of authenticity and will be a digital representation of the physical painting.
This is how Bitcoin opens the doors of the famous New York auction house, Christie’s.