Sotheby’s Relaunches Glitch Digital Art Sale, Newbie Player Uncovers $49K NFT & More

by · May 9, 2023

Sotheby’s auction house has significantly changed its latest art sale after receiving feedback from the community regarding a lack of diversity. Meanwhile, a newbie to Illivium: Beyond has made a staggering 140,525% profit by finding the most elusive character in the game yet.

Sotheby’s restarts Glitch digital art sale after addressing diversity concerns

Sotheby’s has announced that bidding for its upcoming digital art sale, “Glitch: Beyond Binary,” will open on April 19.

Glitch: Beyond Binary is a reboot of last month’s “Natively Digital: Glitch-ism” auction, which was temporarily halted due to criticism over its lack of diversity.

In an April 13 tweet, Sotheby’s announced the art sale, saying it would “highlight the diverse artist communities that make up Glitch Art.”

In a statement released the same day, Sotheby’s emphasized that the sale would represent people from all walks of life:

“These communities do not identify simply as male or female, but are made up of people of all gender identities and expressions, sexual orientation, race, ethnicity, language, neurotype, size, ability, class, religion, culture, subculture, political opinion, age, skill level, profession and background.”

Sotheby’s first paused the sale on March 27 after popular NFT artist Patrick Amadon told his 142,400 followers that he would be pulling his work from Sotheby’s upcoming “Natively Digital: Glitch-ism” art sale to protest a lack of female representation.

Illuvium rookie uncovers $49,000 NFT

In an April 12 statement, Illivium revealed that a newcomer to its online game Illuvium: Beyond had discovered the rarest Illuvitar yet – the coveted “Holo Blazing Rhamphyre” – and has managed to sell it for an incredible $49,128.85.

The lucky player found the rare Illuvitar inside a “D1SK”, which is a type of digital loot box containing random illiviators and accessories available for just $32, giving the player a profit of approximately 140,525%.

Ukraine’s president signs first NFT in assembly supporting the military

On April 9, Ukrainian President Volodymyr Zelenskyy signed the country’s first non-fungible token (NFT) in a collection called “UACatsDivision”, featuring cats from the Armed Forces of Ukraine, with all funds donated to Ukraine’s military service.

At the time of writing, 3,026 NFT cats had already been purchased out of the 10,000 available.

Other good news

In recent news, Bitcoin (BTC) miners have pocketed over $5 million from creating NFT inscriptions using the Ordinals protocol.

Dune Analytics data revealed that transaction fees for Ordinals transactions exploded by 240% from $1.5 million on March 10 to $5.2 million by April 12.

It was revealed that nearly 1.1 million Ordinals had been entered on the Bitcoin network, consisting mainly of jpeg images and text, but also PDFs, video and audio formats.

Related: NFT.NYC: Play-to-Earn isn’t dead, but game publishers are looking for alternatives

In other news, an NFT collector made a costly mistake on April 5, bidding 100 Ether (ETH), worth around $192,000 at the time of writing, for an NFT from the Gemesis NFT collection, which was supposed to be free to celebrate the launch. by OpenSea Pro.

While some community members believe that the transaction was a wash trade, others claimed that the trader simply made a mistake by bidding 100 ETH instead of $100.

Another community member argued against theories that it was a wash trade as it was too risky.

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