BTC PULSE
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
Play Now
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home NFT

Algorand-based NFT sells for over $150k at Christie’s

by Abimbola Adu
Oct 17, 2022 - 12:00 am
in NFT
Algorand-based NFT sells for over $150k at Christie's

Andrea Bonaceto’s “AB Infinite 1” brought in £151,200, according to a tweet from ChristieInc, an art news outlet, on October 13. One of the world’s leading NFT artists described the virtual asset as an extraordinary vision. The digital interactive tapestry represents a pioneering collaboration between artist and viewer.

#AuctionUpdate #AndreaBonaceto's 'AB Infinite 1' realised £151,200. An extraordinary vision by one of the world's leading NFT artists, this digital interactive tapestry represents a pioneering collaboration between artist and viewer. @andreabonac pic.twitter.com/qXtMyrEiOK

— Christie's (@ChristiesInc) October 13, 2022

This past month, several efforts were made to invest and participate in the NFT niche. However, NFT enthusiasts have been far more cautious this year when choosing which NFTs to buy than last year when there were more activities. For example, in the same week, Sina Estavi’s $50 million valued NFT didn’t gain serious traction, with many questioning its originality.

However, regarding NFT, the Algorand platform and community have shown better momentum and success. It is a testament to the features added with each adjustment and upgrade. They provided a list of the functionalities they have put in place and are currently implementing towards NFT success via their official website.

They take pride in having a network that is highly stable, secure, and decentralized. Due to the random selection of node validators, no user has greater influence than the remaining community members. 

Users can also attest to the ‘real ownership’ of NFTs because the blockchain runs a forkless platform. As a result, networks are not split, and there is no creation of duplicates. Therefore, the platform successfully preserves the qualities of NFT, a unique digital asset that cannot be duplicated.

The platform finalizes transactions on time, ruling out uncertainties. The fast transaction time also differentiates this platform from several orthodox blockchains that have scalability issues ensuing from slow transactions. The gas fees are low as well.

The Algorand platform has shown that they are dedicated to ensuring that NFTs are successful in the digital economy. They have the long-term belief that NFTs will usher in a new digital era. 

Tags: AlgorandNFT
Abimbola Adu

Abimbola Adu

Abimbola Adu is a crypto content writer with a background in English studies. She is keen on enlightening others about cryptocurrency and blockchains. She enjoys writing poems and spending time with family.

Related Posts

Bar chart showing June 2025 NFT sales volume by blockchain including Ethereum, Immutable, Bitcoin, and Polygon

NFT Market Rebounds Slightly as Bitcoin Surges Past $105K

June 8, 2025

NFT sales rise 1.95% to $106.2M as Bitcoin surges to $105K. Buyer participation jumps 55% amid steady growth...

Bar chart showing June 2025 NFT sales volume by blockchain including Ethereum, Immutable, Bitcoin, and Polygon

NFT Lending Volume Collapses 97% From Peak as Market Activity Dries Up

May 28, 2025

NFT lending has collapsed 97% from its peak, with borrower activity down 90% and lenders 78%, reflecting a...

Hester Peirce of the SEC discusses NFT royalties and securities law

SEC’s Hester Peirce Clarifies NFT Royalties Don’t Make Tokens Securities

May 21, 2025

NFT royalties don’t make tokens securities, says SEC’s Hester Peirce, stressing that artist earnings are not tied to...

OpenSea logo with a digital asset background symbolizing NFT trading and U.S. regulations

OpenSea Urges SEC to Exclude NFT Marketplaces from Securities Regulation

April 10, 2025

OpenSea urges the SEC to clarify that NFT marketplaces aren’t brokers or exchanges under federal law, seeking relief...

Press Releases

image2

Could XYZVerse Overtake DOGE and SHIB? Analysts Say $0.003333 Could Explode to $10!

March 30, 2025

XYZVerse aims to outpace DOGE and SHIB, with bold $10 price goals, strong community rewards, and rising demand as it...

image1 1

Massive Institutional BTC Buys Could Launch the Next Bull Market: 5 Altcoins to Watch

March 29, 2025

Institutional Bitcoin buys may trigger a market surge. Five altcoins, including $XYZ, stand to gain—early investors could see major ROI...

image1

XRP Faces Strong Resistance While XYZVerse Gains Early Investor Attention With 10 Billion $XYZ Airdrop

March 28, 2025

XRP struggles at resistance, while XYZVerse grabs early investor attention with a 10B token airdrop and rapid growth toward a...

BTC

Popular Memecoin MEW Pledges $10,000 to Pasadena Humane Organization to Aid Animals Affected by California Wildfires

January 20, 2025

MEW memecoin donates $10K to Pasadena Humane for wildfire-affected animals. Join the mission to aid pets and wildlife in crisis...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise