An NFT in the name of Picasso's bull just sold for nearly $20,000 yesterday which is a potential 26x gains from its original buying price.
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In Nifty Gateway, the NFT marketplace which was purchased by the Winklevoss twins last year an NFT in the form of animated bull sold for USD 19,500 in a series of buzzy transactions Which is 26x its original asking price. This proves the fact why the next big thing in the crypto marketplace will be NFT.
Trevor Jones, an Edinburgh-based NFT artist and painter created this as part of a series of virtual painting called "Picasso's Bull". It is a sort of garish amalgam of crypto symbols and faux-cubism.
The NFT with nine other NFT was sold for $750 each which is also the original asking price of the NFT. Along with this he also sold 25 in bronze, three in gold, and one in a kind of taupe.
The original buyer of the NFT is MICAH JOHNSON, who is a former professional baseball player. He recently turned into an NFT investor as well as a creator. He also confirmed the purchase via a tweet.
This shows us that how NFT can become a hot commudity, with the potential to provide huge reuturns to investors. Try to get yourself an NFT sooner.
In an interview with Decrypt Jones told that " he created the “Picasso’s Bull” project over the course of four months, and even got an art historian, Bill Hare, to write an accompanying essay, which expands on the work’s meta-relationship to its own value".
Other NFT's which is created by Jones in a series of 10 silver bulls is currently on sale for much more in one seller. It is currently listed at a price of $48,500. Get one before the price jumps further.
When asked about the reason for this sustained wave of interest and value, Jones told “I have no idea but I’m not complaining!”
If u are new to the crypto market or need to understand more abt NFT's in general visit my post earlier to know more abt NFT in detail.
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