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Two tokenized versions of paintings by Dutch artist Vincent van Gogh reportedly sold for more than $2.5 million combined.
Chain Aggregator Data CryptoSlam.io shows that a non-fungible token (nft) rendition of a Van Gogh painting has changed hands for $1.3 million. The transaction comes just a day after another Van Gogh-inspired nft sold for $1.27 million.
Auction records reveal that the digitized painting, number 132, sold for a sum of 35.9999 btc or $1,313,635. Number 283 was sold for 34.9999 btc, which translates to $1,275,612 on the bitcoin (btc) network.
The pieces are some of the many Van Gogh-inspired NFTs on the non-fungible market. In October, the renowned Musée d’Orsay in Paris announced the creation of unique NFTs inspired by Van Gogh’s final days.
The NFTs minted on Tezos were divided into two distinct categories, with 2,300 pieces each.
One category offered an immersive augmented reality experience of Van Gogh’s definitive palette, while the other showcased an exclusive digital artwork by French artist KERU, echoing Van Gogh’s style.
The Orsay Museum also announced plans to welcome digital artists who employ blockchain in their work to curate collections influenced by the museum’s permanent exhibitions starting in 2024.
Some observers have seen the sale of the two nft pieces as a sign of revival of the nft market, which had suffered a significant decline in recent months.
The sentiment is corroborated by data from CryptoSlam.io indicating a significant increase in global nft sales in the second week of November, reaching a cumulative total of $238 million. It marks a 40% increase since the beginning of the month, reflecting the strong performance seen earlier in the year.
Interestingly, according to the data, nft collections on the bitcoin network have surpassed those on the ethereum network this week, suggesting a change in market dynamics.
bitcoin nft sales volumes reached $100 million, while ethereum-based NFTs reached $93 million. Other blockchain networks such as Solana and Polygon follow closely, with sales volumes of $17 million and $6.4 million, respectively.
