In a recent development that is making headlines, a complete set of 10 Autoglyphs was purchased for 5,000 eth, equivalent to approximately $14.6 million.
This sale marks the highest nft sale in the last two years and stands as the fifth largest on-chain purchase, setting a new benchmark for the value of blockchain-based artworks.
The collection
Facilitated by Fountain.xyz, a well-known broker specializing in rare digital art, the acquisition was made by a collector who, while preferring to remain anonymous, comes from a background deeply rooted in the traditional analog art scene.
According to a representative, the collector does not view the Autoglyphs as a standard art acquisition and intends to display the works in museums and institutional settings in the future.
Moments ago, a complete set of ten Autoglyphs, originally minted by Larva Labs themselves, was sold to a distinguished private collector for 5,000 eth, making it one of the largest nft sales ever recorded on the chain…
Congratulations to the buyer and seller!The Fountain team is… pic.twitter.com/nZjHndQVFU
– Source (@Fountainxyz) February 19, 2024
The collector was represented by esteemed art advisor Amanda Schmitt, whose expertise has been recognized globally, including a 2017 TIME Magazine “Person of the Year” cover story.
Autoglyphs, created by Matt Hall and John Watkinson of Larva Labs, emerged almost two years after they created CryptoPunks. Comprising 512 unique productions, the Autoglyphs have quickly become one of the most coveted collections for generative art enthusiasts.
The acquired set, one of seven and among three from developers selected and created directly by Larva Labs, was previously part of the renowned “Old School Collection.”
Autoglyphs reach unprecedented heights
The autoglyphs have gained wide recognition and have been displayed in prestigious venues such as the Center Pompidou and Sotheby's. In particular, the Center Pompidou, the largest modern art museum in Europe, presented digital works as part of its first nft exhibition.
Two notable pieces, CryptoPunk #110 and Autoglyph #25, were even donated to the Pompidou Center, further solidifying the importance of Autoglyphs in the realm of digital art.
With over $50 million in secondary sales, Autoglyphs have established themselves as highly sought-after assets, and this latest acquisition only serves to solidify their position in blockchain art history.
Released in 2019, Autoglyphs represent the first “on-chain” generative art on the ethereum blockchain. Unlike many NFTs that rely on off-chain storage, each Autoglyph is autonomous within the blockchain, ensuring its uniqueness and ownership.
Produced using a highly optimized algorithm capable of generating billions of unique works of art, Autoglyphs ceased production after the creation of 512 glyphs, making them available exclusively on the secondary market.
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