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A complete set of 10 Autoglyphs was purchased for 5,000 eth, approximately $14.6 million today, marking the highest nft sale in the last two years and the fifth largest on-chain purchase.
The sale was made through Source.xyz, a rare digital art brokerage company. The collector wished to remain anonymous, but a representative said the buyer comes from a background in collecting traditional analog art forms and does not consider the Autoglyphs to be any different from a standard art acquisition.
Autoglyphs were introduced in 2019 by Larva Labs, the creators behind the iconic CryptoPunks, and represent the pinnacle of on-chain generative art. Unlike many NFTs that rely on off-chain storage, every aspect of an Autoglyph, from its creation algorithm to its final visual result, exists directly on the ethereum blockchain. This solves the off-chain storage issues that previous projects like CryptoPunks encountered.
Every piece in this collection of 512 is immutable and royalty-free. Autoglyphs are considered the purest form of generative art within the blockchain space. The set was one of seven complete sets and one of three developer sets selected and created directly by Matt Hall and John Watkinson of larva laboratories. The acquired set was also previously part of the “Old School Collection”.
The purchase adds a new milestone to Autoglyphs' legacy, which has generated more than $50 million in secondary sales and exhibitions at prestigious venues such as the Center Pompidou and Sotheby's.
