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Dunamu completes first NFT sales

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Dunamu completes first NFT sales
The Upbit NFT Beta logo (Dunamu)

The Upbit NFT Beta brand (Dunamu)

Dunamu, the operator of cryptocurrency trade Upbit, mentioned Wednesday that it bought its first NFT artwork: two work by the well-known Korean pop artist Jang Koal.

The first artwork piece, “Mirage Cat 3,” began its bidding value from 0.0416 bitcoins, value 2.8 million received ($2,350), and was bought on Wednesday on the Upbit NFT Beta platform to a bidder who had provided 3.5098 bitcoins, or about 240 million received, the corporate mentioned.

The nonfungible token, digital counterparts of real-world property, principally of visible artwork or music, that assure possession by means of blockchain expertise, was bought to the very best bidder on the public sale.

The second piece, “You Are Not Alone 1,” went below the hammer on the identical day in a Dutch public sale course of the place the bidding begins excessive and the costs drop till it’s bought.

The bidding value began from 0.0014 bitcoins, value 95,609 received, and went down barely to round 95,602 received. A complete of 900 items have been bought to 168 buyers.

“We have been in a position to see that NFTs develop the art work’s worth and permit an even bigger stage for the creators to point out their works,” a Dunamu official mentioned.

On Tuesday, the blockchain firm opened its Upbit NFT Beta service on Upbit’s web site, the place customers can promote and buy NFTs at auctions.

By Byun Hye-jin (hyejin2@heraldcorp.com)

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