A Christie’s public sale of non-fungible tokens (NFTs) and bodily art work by 18-year-old transgender artist FEWOCiOUS fetched $2.16 million, Christie’s mentioned on Wednesday, the newest signal of urge for food amongst artwork collectors for blockchain-based belongings.
An NFT is a type of crypto-asset which makes use of blockchain to document the possession standing of digital objects, akin to pictures, movies and textual content. Whereas anybody can view the merchandise, solely the client of an NFT has the official standing of being its proprietor.
In a web based public sale known as Hi there, I’m Victor (FEWOCiOUS) and This Is My Life, Christie’s bought 5 tons by FEWOCiOUS, whose actual identify is Victor Langlois.
The 5 tons, which drew greater than 20 bidders, symbolize one yr of Seattle-based Langlois’ life as he found his gender id and transitioned from feminine to male between the ages of 14 and 18.
Langlois is the youngest ever artist to have a sale at Christie’s.
Every lot consists of a video art work that exists in digital kind solely, bought as an NFT, a set of doodles, drawings and journal entries from the corresponding yr in each bodily and NFT kind, in addition to a physical-only portray.
“I really feel like, lots of occasions, trans voices aren’t heard or aren’t as revered, so to have my platform to say ‘hey look, that is my life and have a look at what we’re doing’ – it means the world,” Langlois mentioned in an interview.
The sale was the newest in a collection of strikes by conventional public sale homes to embrace NFTs, which surged in reputation in early 2021.
“I believe NFTs are the longer term,” mentioned Langlois, who additionally owns cryptocurrencies.
“In case you’re posting your artwork and sharing it with the world digitally, I believe to supply a means for collectors to personal it as a digital asset is simply the following step,” he added.