Sophia the robot ‘created’ an NFT artwork and it sold for almost $700K
Is the crypto art bubble about to burst?
The NFT artwork boom
The market for NFT artworks has erupted in 2021. Earlier this month, a graphic designer who goes by the name of Beeple sold a digital image with an NFT for a whopping $69.3 million, the third most expensive sale ever of a living artist, after works by David Hockney and Jeff Koons. The opening bid for Beeple’s collage of 5,000 images was a mere $100.
The winning bidder didn’t actually receive the artwork. Instead, all they got was a digital file and proof of ownership.
An NFT owner will normally receive some basic usage rights, the knowledge that their purchase is unique, and a connection with the artist they’re supporting. But it’s a risky investment if they’re hoping to later sell the works for a profit. Even Beeblethinksthe market is in a bubble.
Sophia’s creators, however, are only just getting started. Asolo exhibition of the robot’s artworks will open at the LA’s IV Gallery later this year.
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Story byThomas Macaulay
Thomas is a senior reporter at TNW. He covers European tech, with a focus on AI, cybersecurity, and government policy.Thomas is a senior reporter at TNW. He covers European tech, with a focus on AI, cybersecurity, and government policy.
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