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

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

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: “This artwork is a representation of the state of FOMO, and how significant the invention of cryptocurrency and DeFi is and by not adopting or embracing this technology right now, collectors will not just have the fear of missing out but