Ethereum co-founder Vitalik Buterin, dressed as a medieval harlequin leaning against a velvet chair, gazes into the distance at the viewer – until he has ascended into the sky as the price of ether flashes on the screen. Ethereum rallies, the image suggests.
A programmable version of the scene I just described made recordings this weekend, when a non-fungible performance sold for 260 ETH, or roughly $ 141,536.20. It’s the highest paid, in dollars, for a crypto artwork to date, according to one of the painting’s co-creators, Trevor Jones.
Not your average NFT. A collaboration between crypto artists Jones and Alotta Money, the digital painting EthBoy, an ironic reference to the co-founder of Ethereum Buterin, uses a new programmable technology called “layering” to redo itself on a daily basis.
More than ownership. Twitter user Maxstealth is now the owner of the single painting, following a one-day auction. The sale can be seen here. But it’s more than a collector’s item, as the painting’s unique features continue to generate income for its owner and creators.
Jones’ year. Jones made headlines earlier this year for his record breaking (then) release of Picasso’s Bull. Last month, his Batman-themed Genesis on MakersPlace sold for 302 ETH. While EthBoy only brought 260 ETH, below Async biggest sale out of 263 to date, this is probably the most paid for a digital painting, in terms of price.