A historic moment in the world of NFTs occurred recently as a complete set of 10 Autoglyphs was sold for 5,000 ETH, equivalent to $14.6 million. This sale marks the highest NFT sale in the past two years and the fifth-largest on-chain purchase to date.

The transaction took place on Fountain.xyz, a platform specializing in rare digital art brokerage. While the identity of the buyer remains undisclosed, a spokesperson revealed that the collector has a background in traditional analog art collecting and views Autoglyphs as a valuable addition to their collection.

Autoglyphs, introduced in 2019 by Larva Labs, the creators of CryptoPunks, are considered the pinnacle of on-chain generative art. Unlike many NFTs that rely on off-chain storage, Autoglyphs exist entirely on the Ethereum blockchain, from their creation algorithm to the final visual output, addressing previous off-chain storage challenges faced by projects like CryptoPunks.

Key Highlights:

  • Autoglyphs represent pure generative art within the blockchain space.
  • Each piece in the collection of 512 is immutable and free of royalties.
  • The acquired set is one of only seven full sets and one of three developer sets directly curated by Larva Labs’ Matt Hall and John Watkinson.
  • Previously part of the “Old School Collection,” the purchased set adds to Autoglyphs’ legacy, with over $50 million in secondary sales and exhibitions at esteemed venues like Centre Pompidou and Sotheby’s.

This record-breaking sale underscores the growing significance of NFTs in the art world and highlights the increasing value of digital art in today’s market.

For more updates on the latest trends and developments in the world of cryptocurrencies and NFTs, stay tuned to Global Crypto News.

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