NFT Work Of Hungarian Artist Vera Molnfer Sold In A Sekejap In Sotheby's, 631 Ether

JAKARTA - The NFT work produced by Hungarian artist Vera Molnester in collaboration with Martin Grasser sold out in less than an hour during the Dutch auction auction auction in Sotheby's for a total of 631 Ether (ETH), worth about 1.2 million US dollars (Rp 18 billion).

On July 26, the announcement stated that the "Themes and Variations" collection featured 500 collectibles generated through a combination of algorithms of 170 color palettes and recursive grids.

"The dream and Variation are the development of a generating 2% dordre protocol belonging to Molnqur that explores grid power and randomness of color. Molnong further develops this system by including a look of letters (N, F, T), with full games chosen for this series as a reference to NFT technology vehicles," said Sotheby. s.

Born in Budapest in 1924, Moln permanently became one of the first pioneers in the computer-generated image, which has started this practice since 1959. Previously, he taught at de Paris University and his work has been exhibited at major European exhibitions. Molnester entered the world of NFT in 2022 and revealed:

"After decades of exploring how systems and computers can produce works of art, I see this collaboration with Sotheby's and Art Blocks as the culmination of those efforts, providing new ways to produce abstract forms that have never been seen before, which are determined by randomly controlled from machine programming - the core of the algorithm," said Moinar.

This collection has exceeded 589 ETH in trading volume in secondary markets like OpenSea. At the time this news was published, the basic prices of Themes and Variations had increased by more than 100% from an average of 1.52 ETH shortly after sales ended.