• Pak Breaks Record for Most Expensive NFT Sale

    1 month ago - By Hypebeast

    NFT platform, Nifty Gateway , just hosted a sale that made Pak the most expensive living artist. The event centered around a new artwork aptly titled, Merge , and saw 28,983 collectors spend $91,806,519 USD to buy 312,686 total units of what is referred to as "mass." The two-day event introduced an unusual buying structure to the art world, in that, customers could unlock an exclusive NFT that expanded into multiple works as more units were added. What? To break it down: The sale allowed potential customers the ability to buy "stakes" that could be stockpiled into a greater "mass" toward...
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  • Nifty Gateway Just Hosted a Stunning $91.8 Million NFT Sale

    Nifty Gateway Just Hosted a Stunning $91.8 Million NFT Sale

    1 month ago - By Observer

    For a while earlier this year, people tended to doubt that NFTs had the lasting staying power they'd need in order to permanently change the art market, but it's pretty clear at this point that all doubts should be set aside: over the weekend, an auction on the Nifty Gateway platform resulted in the sale of 266,445 digital tokens , or units of mass, for an eye watering $91.8 million. The hundreds of thousands of tokens comprise a project called The Merge by the mysterious artist Pak, and each individual token is designed to combine with other tokens that might be in a buyer's digital...
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