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."
According to Nifty Gateway data, the artwork depicting a stylized New York Skyline was commissioned by Pompliano and his partner Jason Williams from the 17-year-old artist Fewocious.