Early XCOPY NFT Sells for $6M in Ethereum
The artwork was sold through the NFT marketplace SuperRare.
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XCOPY’s “A Coin For the Ferryman” has changed hands for $6 million worth of Ethereum. The crypto artist minted the one-of-a-kind piece in 2018.
XCOPY Artwork Breaks Record
Sales of high-value NFTs are booming.
An early NFT by renowned crypto artist XCOPY sold on SuperRare Thursday evening, setting back the new owner 1,330 ETH, roughly $6.03 million at today’s prices. The unique piece, titled “A Coin For the Ferryman,” dates back to 2018 and is among the earliest of the artist’s creations.
💎 A Coin for the Ferryman 💎
— SuperRare Bot 💎 (@SuperRareBot) November 4, 2021
The piece had not been sold since the SuperRare user @0xclipse bought the artwork directly from XCOPY back in 2018 for 0.5 ETH, around $139 at the time.
The London-based artist has a legacy stretching back to 2017 and is viewed as a pioneer in the crypto art space. Their work has gained more notoriety following the surge of interest in NFTs earlier this year.
Since then, several one-of-a-kind XCOPY pieces have sold for millions of dollars. Another high-profile sale of XCOPY’s artwork happened last month when the NFT collector Cozomo de’ Medici paid the equivalent of $3.86 million for a piece called “Some Asshole.”
For secondary market transactions of artwork listed on SuperRare, artists typically receive a 10% cut of the final sale price, meaning that XCOPY received just over $600,000 worth of Ethereum for the latest sale.
XCOPY is not the only crypto artist to have artwork sold for eye-watering sums. In March, Beeple’s “Everydays: The First 5,000 Days” became not only the most expensive NFT to be sold at auction but also the third most expensive piece sold by a living artist, bringing in $69.34 million in a landmark Christie’s sale. Beeple returns to the aution house to sell an NFT sculpture called “HUMAN ONE” Nov. 9; bidding starts at $15 million.
Disclosure: At the time of writing this feature, the author owned BTC, ETH, and several other cryptocurrencies.