SPONSORED:

NFT of digital artwork called 'CryptoPunk' sells for $11.8M

NFT of digital artwork called 'CryptoPunk' sells for $11.8M
© (Photo by TIMOTHY A. CLARY/AFP via Getty Images)

A nonfungible token (NFT) of a digital artwork called “CryptoPunk” has been sold for a world record amount of $11.8 million.

Auction house Sotheby’s shared Thursday that the famous artwork, which depicts an alien-like creature with blue-green skin wearing a medical mask, was auctioned off at a world record price. 

The artwork is a part of CryptoPunks, a series of 10,000-pixel artworks created by Larva Labs in 2017, according to a Reuters reportThe CryptoPunk #7523, was the most sought after piece in the auction. 

The NFT was sold in Sotheby’s online auction “Natively Digital: A Curated NFT Sale” which runs from June 3-10. The auction features various digital artwork from 27 different artists, Reuters noted.