We Have Broken, Not One, Not Two But Three Records
This Thursday (07/03/2019) the Blockchain art exchange had its first major sale! The artwork Miami window by Graceland was sold for 700usd an equivalate value of 5.15 Ethereum at time of writing. This is especially exciting as it is the highest Ethereum value ERC-721 blockchain artwork ever sold! (not including any cats)
This data can be seen on https://nonfungible.com/ simply head to ether super rare or known origins data and filter by ETH price and you will come to the same conclusion. But we at the BAE don’t break single records we break two at a time, this is also the first time a digital print of a physical artwork has ever been sold how we know we broke this record well simple we are the only art exchange in history to sell this product.
The artist who sold is Graceland and the work Miami window token ID 10, with an A grade. Two records you say that not very impressive well lets try for three it also the first ever .Tiff file sold on the blockchain.
Graceland will now go down in history as the first artist to sell a digital print ever and marks the start of the Blockchain art exchange. Emboldened by this sale the value the BAE now has cemented itself as the high end blockchain art project bringing artists in from the traditional art market with a real value and creating valuable assets from their work.
The only question is who is next? Most of the works up for auction during our soft launch are under the value of Graceland’s work so buyers should be sure to snap it up as soon as possible.
This sale has taken place during the BAE’s soft launch with only 27 artworks up for auction, during this time the blockchain art exchange is running a promotion; for the rest of these 27 artworks buyers will receive BAE community reward tokens whereas normally these can be only earned by selling artwork, these are also being distributed at an increased rate of 20 for every 1 USD spent.
The BAE token entitles holders to vote on how the Blockchain Art Exchange community pot is used which can be ether distributed between the holders of the token, donated to charity or even given to an artist to fund a project.
This sale marks the true start of our journey into this new frontier, with new artists joining everyday the BAE is set to change the face of art forever.
