Dubai-based artist sells NFT pieces in less than 24 hours

SourceArabian Business
SectorTechnology
CountryUAE

Award-winning artists Kristel Bechara became the first Arab female from the UAE and Middle East to launch an NFT tokenised art series – and two pieces have been sold, each in under 24 hours. Non-fungible tokens (NFTs) transform digital works of art and other collectibles into unique verifiable assets that can be traded through blockchain technology. Dubai-based Bechara’s first piece, Satochi Nakamoto, was listed in the Beauty in Diversity & DeFi collection on Foundation.App. Less than 24 hours later, it had been snapped up by what was described in a statement as “a renowned NFT collector”, who paid 1.10 ETH ($1,950) for the work. A second piece, Byzantine General’s Shield, was similarly quick to sell and was purchased for 3 ETH ($5,324) by the same collector who had previously bought Kevin Roose’s New York Times NFT article for 350 ETH ($600,000). Byzantine General’s Shield Her latest piece, called FOMO, is also up for grabs and can be purchased on the platform Foundation.App. The statement said:...read more...