The unique NFT art was part of the first drop on Nifty Gateway by Beeple, also known as Mike Winkelmann. The record-setting price was obtained when “CROSSROAD #1/1” was resold on the secondary market, the company said on Twitter. “History has been made,” it added. “We can confirm that this is a legitimate sale - this was brokered by Nifty Gateway's art buying services."
In “Block 21,” 322,048 digits from Satoshi Nakamoto’s original code for Bitcoin are painstakingly engraved and individually painted. It’s part of a wider collection of 40 circular panels called “Portraits Of A Mind” that feature a full transcription of all 12.3 million digits. Bidding at the Christie’s auction house had originally started at $22,000—far beyond the initial estimate of $12,000 to $18,000—but the artwork ended up selling for a whopping $131,250.