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DraftKings Largest Shareholder Drops $12 Million On Crypto Artwork

DraftKings Largest Shareholder Drops $12 Million On Crypto Artwork

 

The largest shareholder of DraftKings dropped nearly $12 million on a non-fungible token (NFT), a piece of digital artwork called a “CryptoPunk” on Thursday, according to auction house Sotheby’s.

Shalom Meckenzie, an Israeli entrepreneur and the largest shareholder of digital sports betting company DraftKings won the bidding war for “CryptoPunk #7523” and purchased the crypto artwork for the hefty sum of $11,754,000, Reuters reported.“Little did the West think of the mask before 2020 and yet it now carries the heavy symbolism of unfortunate icon of the early 21st century,” artist Robert Alice said in the catalogue note for the NFT on Sotheby’s website. “This Alien, the only Alien with a mask, stands as the ultimate symbol of NFTs journey to the mainstream.”

The “punk” NFTs “embody an aesthetic mirroring the nostalgic punk spirit, reflecting the Crypto Anarchist philosophy that brought together many of the weird and wonderful misfits that came to build the early crypto infrastructure,” Alice added.

Sotheby’s sold the NFT during a sale dubbed “Natively Digital: A Curated NFT Sale,” which made $17.1 million selling artwork by 27 digital artists. In March, an NFT digital artwork piece sold for $69.3 million.

NFTs have not always cost millions, however.

In July, legendary actor William Shatner, Star Trek’s Captain Kirk of the USS Enterprise, became an early adopter when he created a series of NFT trading cards with images from his personal life and career. Shatner’s digital trading cards featured images such as his acting headshots, early characters he played, a photo of him hugging actor Leonard Nimoy, his Star Trek co-star playing Mr. Spock, a telegram from a producer, and, oddly, an X-Ray of Shatner’s teeth.

“I’m astonished at how quickly it all happened,” Shatner told Cointelegraph after his NFT collectibles sold out in minutes.

“The cards themselves represent a beautiful past,” he said. “The verification of being on the blockchains represents a great future. So we have the past and the future mixing together.”


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